HOME MARKETS

New Zealand Times, Volume LII, Issue 12095, 24 March 1925, Page 10

HOME MARKETS

OFFICIAL RANGE OF PRICES HIGH COMMISSIONER’S CABLE. The Department of Agriculture has received the following cablegram, dated 21st instant, from the High Commissioner for New Zealand, London;— BUTTER. Speculators still actice and consuming demand quiet. Reported sales at 170 s per cwt. Otticial quotations .are : New Zealand. —Finest salted: March 21st, 172 s to 174 s per cwt (Is 6ld), exceptional, updo 176 s per cwt (Is 6Jd); March 14tli, 174 s to 180 s per cwt (Is 6sd to Is 7id); March 7th, 180 s fb 181 s per cwt (Is 7jdto Is 7id). Unsalted: March 21st,. 186 s to 190 s per cwt (Is 7jd to Is 8£d); March 14th, 188 s to 190 s per cwt (Is 7-)ii to Is 8id); March 7th, 186 s to 190 s per cwt Ws 7*d to Is Sid). Other qualities: March 21st, 164 s to 170 s per cwt Us ssd to Is GJd). Australian. —Salted: March 21st, 170 s to 174 s up to 176 s per cwt (Is CJd to Is 6£d); March 14th, 176 s to 180 s per cwt (Is 6sd to Is 7id); March 7th, 176 s to 178 s per cwt (Is 6Jd to Is 7<l). Other qualities: March 21st, 158 s to 168 s per cwt (Is od to Is 6d). Unsalted: March 21st, 180 s to 184 s per cwt (Is 7id to Is 7Jd); March 14th, 182 s to 184 s per cwt (Is 7£d); March 7th, 182 s to 186 s per cwt (Is 74d to Is 7|d). Other qualities: March*-21st, 166 s to 17€ s per cwt (Is 54d to Is 6Jd). Argentine—March 21st, 174 s to 176 s up to 180 s per cwt (Is 6£d to Is 7sd); March 14th, 176 s to 180 s per cwt (Is 6|d to Is 7sd); March 7th, 176 s to 180 s per cwt (Is 6Jd to ls 7id). Other qualities: March 21st, 168 s to 172 s per cwt (Is 6d to Is 6Jd). Danish. —Market slow. March 21st, 224 s to 226 s per cwt (2s to 2s 0£d); March 14th, 232 s to 234 s per cwt (2s Id to 2s Hd); March 7th, 232 s to 234 s per cwt (2s Id to 2s ljd). CHEESE. Market quiet, but firm undertone. Official quotations are:— English.—Finest farmers, firm and supplies small March 21st, 130 s to 135 s per cwt (Is 2d to Is 2)d>; March 14th, 328 s to 132 s per cwt (Is T]d to Is 2id); March 7th, 128 s to 132 s per cwt (Is lsd to Is 21d). Canadian (coloured: and white). —March 21st, 110 s per cwt (ll|d); March 14th, 108 s to 110 s per cwt March 7th, 106 s to 1086 per cwt (lHd to llid). New Zealand (coloured and white).— March 2lst, 103 s to 104 s per cwt (lid to llid); March 14th, 102 s lo 104« per cwt (llid); March 7th, 100s,to 102 s-per cwt (10}<1 to lid). 1 Australian (finest coloured). —Market quiet. March 21st, 98s to 100 s up to 102 s per cwt (10Jd to lid); March 21st, white, 99s to 101 s per cwt to lOjfd). Shipments of New Zealand produce arrived this week per Zealandic, Corinthic, and Ruapehu. > CASEIN. Present quotations are:—French rennet. £46 per ton; German rennet, secondclass quality, ,£39. HONEY. j Demand quiet, but stocks small and !prices* firm. Present quotations are:—New j Zealand : Light amber, 75s to 86s per cwt; I white, 87s fid to 90s; medium amber. 65s |to 725; dark amber, 55s to 625. Canadian, 55s to 655; California, 50s to 62g; Jamaican, 46s to 625; Chilian,, 50g to 60s. HEMP. Manila market ~dul| and easier. "J ,J grade, March-May shipments, now quoted at £sl per ton sellers. Now Zealand market quiet. Fair grade in dock reported sold as low as £37 per ton. Nominal quotations are; Highpoints, March-May shipment, £4O per ton; fair, | £3B per ton. | Stocks of New Zealand in London 'on February 28th ware 53 against 27 tons same time last year WOOL Sales closed yesterday (Friday). After nharp opening niecline and notwithstanding numerous withdrawals during the series, competition improved later at the lower level established. v Merino sold better then at opening and though crossbred weakened, bulk of later offerings were 6old. Total quantity available during series was 112,000 bales offerings 71,000 bales were sold, of which 27,000 went to the Home trade and 24,600 to the Continent. 14,C00 bales of New Zealand have ■ been carried forward. Compared with closing rates last series, gopd greasy merino was 10 per cent, lower, inferior 15 per cent, to 20 per cent, lower, crossbred .10 per cent, to lS.iper cent, lower. Average closing rates were:—6o*s to 64% (merino), 2s Id to 2s 6$ per lb: 56s (super nalfbred), 2s Id to 2s*4d per lb;'4B's (fine crossbred), Is 9d t o2s per lb; 44’s (medium crossbred), is 7d to .Is 9d per lb: SS's to 40*s (coarse crossbred). Is s£d to Is 8d per lb. ' At the close all descriptions were on sounder foundations and there is more confidence in the future. OATS. Demand continues quiet and market easier, all quotations, about Is per quarter lower. ■ TALLOW. Spot market quiet but firm, and quiet demand at auction. Mutton neglected. Present quotations aro:—Mutton : Fine, 50s per cwt( nofiainal), fair to good, 45s 6d to 48s per cwt; dark to dull, 43s to 44s per cwt. Beef: No change since last report. Mixed: Fair to good, 43s 6d to 45s fid per cwt. Gut, etc., 'no change since last report. APPLES. Steady demand for all descriptions. English cookers in small supply, about 12s to 146 per case; Californian Newton Pippin, 10s 6d to 125.6 d per case; Oregon Newton Pippin, 12s 6d to 18s per case; British Columbian Newton Pippin, 12s to 16s per case; British Columbian Spitzenbitrg, 13s to 18s per case: British Columbian Stayman's Winesap, 14s to 19s per case; British Columbian delicious, 16s to 20s per case; Nova Scotian golden russet, 30s to 38s per barrel; Nova Scotian other kinds, 18s to 30s per barrel. LONDON WOOL SALES | DALGETY AND CO. 1 Messrs Dalgety and Co., *Ltd., report having received the following cablegram from their London house, under date of the 21st instant:— _.Wool sales closed. The attendance of buyars was very large, and bidding mere spirited than we have yet seen it in this series for all wools excepting inferior and faulty scoured merinos, for whi«h eimpetition is slack and prices, if anything, in buyers’ favour. 71,231 bales catalogued. 51,000 sold, of which Home trade took 26,809, the Continent 23,700, America 500; 61,000 bales carried forward, of which 44,000 have not been offered. I MURRAY, ROBERTS AND CO. Messrs Murray, Roberts and Co., Ltd., are in receipt of the following wool market cablegram from their London agents, elated 20th instant: Sales have closed with a good tone. Continental buyers operating more freely improved competition for merino. Compared with opening rates, merino best descriptions par lo 5 per cent, advance, other descriptions market shows no change. Crossbred, fine par io 5 per cent, decline, medium 5 to 10 per cent, decline, ooar.se 10 per cent, decline, hollowing are quotations showing the closing and opening rates of the present series.— 50s yielding '65 per cent., closing 2oid, opening 24.R1; 44/«6’s preparing yielding (4 per cent., 2ld, 21 id; 41/46’s carding yielding 72 per cent., 20d, 2td; 40'44’s yielding 73 per cent., 191(1, 20-id; 36/40’s yielding 75 per cent., 19d, 19Jd. SHIPMENTS OF MEAT l-'ROM SOUTH AMERICA. New Zealand Meat Producers’ Board received cable from its representative at Buenos Aires, South America, advising following shipments, to the United Kingdom for the fortnight ended March 20th, 1925, from Argentine and Uruguay; Chilled beef, 145,972 quarters; frozen beef, 20,411 quarters; frozen mutton.

68,497 carcases; frozen lamb, 46,080 carcases. , The quantity shipped to the Continent of Europe during the same period totalled:—Frozen beef, 178,550 quarters; frozen mutton, 16,216 carcases. LONDON PRODUCE MARKETS BUTTER AND CHEESE QUIET. The Bank of New Zealand, produce denartment, has received the following edvice from its London office, under date March 20th: Butter—Market quiet; 172 s per cwt. Cheese —Market quiet; 102 sto 103 s per cwt. Frozen meat—The morket for wethers is dull, with a downward tendency. Heavy weight ewes are likely to weaken. Lambs are in fair demand. The beef market is quiet, but firm. Wethers, light 8d to 9kl per lb, heavy 6kl to 7d; ewes, 51d to 7id; lambs, under 42’s, 11 |d io 121<I, over 42's and seconds Hid to ll$d; In nibs, Argentine, lO.d to lid; ox, Jiinds 5Jd to Cd, fores to 4sd; cow, h'nds 5d to fores 4d.to Aid. JOSEPH NATHAN AND CO.'S CABLE. Messrs Joseph Nathan and Co., Ltd., have received the following cable from their London house, dated March 20th, 1925: New Zealand butter, 1745, market stagnant. •*MARKETS QUIET." 'File New Zealand Producers* Co-opera-tive Marketing Association, Ltd. (per Mr U 8. Davidson, secretary), forwards the