HOME MARKETS

New Zealand Times, Volume LII, Issue 12094, 23 March 1925, Page 12

HOME MARKETS

LONDON WOOL SALES BANK OP NEW ZEALAND CABLE. •The Bank of New Zealand, produce de- . partment, has received the following advice from its London office, under .date March 20th: JThe sales have closed firm for all kinds of wool. There is a good general demand at the lower level. Current quotations Crossbreds, fine 22id. to 25d per lb, medium 20d to 21d, coarse 18Jd to .-19}d; halfbreds* 26d to 30d; merinos, super 30d to 32d, ordinary 27d to 29d. LEVIN AND CO. Messrs Levin and Co., Ltd., have received the following cable from their London dated March 20th, 1925: The auctions closed here to-day. 4a compared with "the opening rates of this series, we quote:—Greasy merino, bast Id per lb dearer, average Id; holfbreds. 50/56’s, Id lower; crossbreds, 48/50’s 2d lower, 46/48*s lid, 44/46's lid, 40/44’s Ud, ■SfiiWgld. DALGETY AND CO. Dalgety and Co., Ltd., report having received the following cablegram from their London house, under date of March 21st, 1925« — # Wool sales closed active and competition brisk. Belgian, Swiss, French and German buyers ore buying more freely. ' Home trade taking principally crossbred. As compared with last sales closing rates greasy merino- wools are 3d to 4d lower, scoured merino wools 5d to fcd lower, greasy halfbread wools 4d to 3d crossbred wools 8d to 4d lower, mdfiium and coarse crossbreds 2id to 3d lower, scoured crossbred wools 4d to 6d lower, j 6lipc fine crossbred 3id to 4d lower, sline I coarse crossbaed 2£d to 3d lower, lam os • wool 3d to 4d lower. Following is the I range of prices : —Merino, good to super ( 30d to 33a, low to medium 23d to 29d; halfbred, 56/581b, good to super 27d to 31}d, low to medium 22d to 26d: halfbred, 50/561b, good to super 24d to 27d, low to medium 20d to 23d; fine crossbred, 48/50!b, good to super 23d to 25d, low to medium 19id to 22d; fine crossbred, 46/481b, 224 d to 24d, low to medium 19d to 22d; crossbred, 44/461b, good to super 20Jd to 22d, low to medium 18d to 20d; crossbred, 40/441b, good to super 20d to 21d, low to medium 17$d to 19Jd; coarse crossbred, 36/401b, good to super 19d to 21d. low to medium 17*d to 18*d. NEW ZEALAND TiOAN AND MERCANTILE. The New Zealand Loan and Mercantile Agency Company, Limited, have received the "following cablegram from their London houe, under date 20th intant: “Wool sale.—As compared with last sales closing rates, prices are lower about 10 per cent, to 15 per cent, for scoured crossbred, scoured merino super, merino lambs, fine and medium greasy crossbred l and crossbred slipe; lower about 10 per* cent, for crossbred lambs and greasy! merino super and coarse greasy cross^j bred; lower about 15 per cent, for me- ! dium merino and lower about 15 per} cent, to 20 per cent for inferior merino. The sales closed with a fairly firm tone to-day. “The prices realised for average to super grades of descriptions as below j were as follow-.—Merino super, 80d to 33c! per lb; merino average, 22d to 29d,; j crossbred, 56/59’s 27d to 32d, 50'56’s 23d to 28d, 48/50’s 2td to 25d. 46/48’s 2>7d to 23:1, 44/46’s 20d to 22d, 40/44's l!Hd to 2"id j 36/40’s 19J to 21d.” CROSSBRED MARKET WEAK. MERINO STRONGER. Australian and N.Z. Cablo Association. (Received March 22, 5.5 p.m ) LONDON, March 21. At the wool sales, of the 71,081 bale/* satalogued, 51,000 were sold, of which the Continent took 23,700, and 31,000 were • held over. * \ T*li.e merinos closed generally at part to ! 5 per cent, above opening rotes. York- 1 shire buyers were extremely reserved. ' Both Franco and G or many showed in-

terest, the competition for merinos increasing as the sales progressed. Crossorcds showed weakness throughout to the lack of general competition. and tliero were many withdrawals. The market closed 5 to 7$ per cent, below the bpening rates. Slipes and scoured were 5 per cent, below. Merino lambs' wool was 10 per *ent., and crossbred 10 to 15 per cent, below January closing rates. New Zealand ‘Tilltill," 32id jknd 30d.

FROZEN MEAT MARKET

LEVIN AND CO.’S CABLE. Messrs Levin and Co.. Ltd., have received the following cable from their London agents, dated March 20th : Frozen meat quotations (priucs on a delivered basis, i.e., including storage charges, cartage, tolls, etc.!:—Down lambs, 28/42'js, 12d por lb; best North Island, 28/42’.5, lljd; ordinary North Island, 28/42’s, ll{d; second quality lambs, 1IRI; best North Island wether sheep, 48/64'p., 82d. 64/72*8 7id: ordinary North Island wether sheep, 4S/G4’s, Sid; North Island ewes, 48/6-I's, 7Jd; 64/72’s 6£d; New Zealand prime ox beef, IGO/220's, 54d. As compared with last week’s quotations, lamb is id per lb cheaper, mutton unchanged. Market quiet, with a downward tendency. FROZEN AND CHILLED MEATS. Australian and N.Z. Cable Association. (Received March 22, 5A p.m.) LONDON, March ?1. Sheen—Argentine ewes. 6Jd. LamSs—Canterbury light 12£d. medium llid, heavy ll£d; seconds, ether se l ecteds, light 12$d, medium 11 Jd; North Island, firsts llid. seconds llid; Australian firsts,, Victorian, llid; other States, Ud: seconds, other States, 10fd. Prices for other meats are unchanged. TROPICAL PRODUCTS. Ootto, _April delivery, 13.86 d a pound. Rubber—Para, 17ijd a pound; plantation and smoked. 20d. Jute—March-Apri! delivery, «£46 a ton-Hemp—March-May delivery, «£4O. Copra—March-Apri] delivery, .£2B ’Os. Linseed oil, £47 a ton. Turpentine. 63s 3d per cwt. Antimony—English, ~£69 ,10s to t7O; Foreign, «£64 to .£63. \

BUTTER AND CHEESE

AUSTRALIAN EXPORTS. Advice has been received by the Dairy Division that in Australia ‘there was graded during February 335.258 boxes butter, 11,G23 crates cheese; and that the shipments from Australia to the United Kingdom during February were 271,011 boxes butter, and 8584 crates cheese. They are also in receipt of advice, which arrived per cable from tho Argentine Dairy Association, reading as follows: The shipments during the month of February were 2500 tons of butter, 3 lons of cheese, and 1450 tons of casein. TALLOW. - Messrs W. Weddel and Co., Ltd., London, cable under date, 18th instant, as follows: —Tallow market unchanged,; 890 casks were offered, and 240 casks sold.

WHEAT’S RECOVERY CHECKED

PRICES AGAIN LOWER. Australian and N.Z. Cable Association. (Received March 21, 5.5 p.m.) LONDON. March 10. Wheat cargoes are quiet, with prices lower owing to heavy Australian shipments, accentuated by the break in the initial American and A argentin e* options. Parcels are quiet, with prices Is to Is 6d down, as the result of rain in India and the reduced Continental demand. Liverpool futures May, 12s a bushel* July, 12s Id. * A REMARKABLE FALL. The “Grain Reporter" (London) says that the fall in the last fortnight of between 2? and 37 cents., is the most remarkable for many, years. ‘ Sellers’ rates are 2s 6d to 4s 6d down on the week. The “Reporter" estimates that 38,385,000 -uarters will still be required to meet the world’s needs up to July 31st. (Received March 22, 11.5 p.m.) < LONDON, May 21. The cargo tone is steadier, with prices occasionallV 6d to Is up, but the demand small. Ulla, 63s 6d: Eastmoor (bags, bulk), £4B. Parcels are in qu ; et request- at bettor rates. Liverpool futures May, 12s 43d a bushel: July, 12s 4d. CHICAGO FUTURES, Australian and N.Z, Cable Association. (Received March 21, 5.5 p.m.) CHICAGO, March 21. Wheat futures: May. 168$ cents a bushel; July, 145 j September, 1345. AUSTRALIAN WOOL CURTAILMENT OF OFFERINGS. By Telegraph.—Frees Ass 9. —Copyright MELBOURNE,, March 21. Wool sellers decide:! to repeat at the April sales the curtailment, by 50 per cent, of the wool offered. v CUSTOMS REVENUE. The Customs revenue received at the p ? rfc „ of *- Wellin S ton on Saturday aggregated £1455.