LONDON MARKETS

New Zealand Times, Volume LIII, Issue 12425, 20 April 1926, Page 8

LONDON MARKETS

OFFICIAL RANGE OF PRICES HIGH COMMISSIONER’S CABLE BUTTER QUIET, CHEESE SLOW The Department of Agriculture has received the following cablegram, dated the lTtli instant, from the High Commissioner for New Zealand, London : BUTTES. Market quiet. Official quotations are: New Zealand—Finest 6alted, April 17th, 172 sto 174 s per cwt (Is 64d per lb): April 10th, 172 sto 174 s per cwt (Is 6Jd). Unsaltod : April 17th, 174 s to 176 s per cwt (Is 6Jd to Is 6Jd); April 10th, 176 s to 178 s per cwt (Is 63d to Is 7d). Other qualities : April 17th, 152 s to 168 s per cwt (Is 4}d to Is 6d). Australian—Salted and unsalted: April 17th, 170 s to 174 s per cwt (Is 6}d to Is 6id); April 10th, 170 s per cwt (Is 6sd). Other qualities : Salted, April 17th, 146 s to 166 s per cwt (Is 3id to Is s|d); unsalted 156 s to 166 s per cwt (Is 4td to Is ojd). Argentine—Unsalted : April 17th, 154 s to 160 s per cwt (Is 4Jd to Is sd), exceptional, up to 161 s per cut (Is 5Jd); April 10th, 156 s to 162 s per cwt (Is -Md to Is 5Jd). Other qualities: April 17th, 144 s to 152 s per cwt (Is 3ld to Is 4Jd) Siberian—April 17th, 157 s to 160 s per cwt (Is 4Jd to Is sd), exceptional, up to 164 s per cwt (Is 5Id); April 10th, 158 s to 164 s per cwt (Is 4Jtl to Is s(d) Danish—April 17th, 178 s to 180 s per cwt (Is 7d to Is 7id); April 10th, 182 s per cwt (Is 7|d). ' CHEESE. Market slow. Official quotations are i English finest farmers—Unchanged and scarce. Canadian—Finest coloured: Arnil 17th, 106 s to 110 s per cwt (Hid to UJd); April 10th, 106 s to 110 s per cwt (Hid to Hid). "White: April 17th, 106 sto 110 s per cwt (Hid to UJd); April 10th, 106 s to 112 s per cwt (11 irl to Is). New Zealand—Coloured: April 17th, 05s to 978 per cwt (10id to lOJd; April 10th. 96s to 98s per cwt (IOJd to 10}d). White: April 17th, 95s to 96s per cwt (lOJd); April 10th, 95s to 97s per cwt (10id to 10}d). Australian—Coloured : (Tn accordance with size). April 17th, 92b to 94s per cwt (9|d to lOd): April lfltli, 93s to 96s per cwt (lOd to 10: d). White: April 17th, 02s to 93s per cwt (9id); April 10th, 93s to 95s per cwt (lOd to 103 d). Shipment of New' Zenlanrl produce arrived this week per s.s. Middlesex. APPLES. Demand only fair and tendency easier. American still plentiful and large quantities yet to arrive. The following are prices for Port Denison and Port Hunter shipments:—Cox’s Orange, 14s fo 18s, Up to 20s per case; Jonathans. 14s to 18s; Ribstone Pippin, 14s to 15s; Dunn’s Favourite, 12s 6:1 to 14s; Willie Sharp, 9s to 14s; Worcester I’earmain, 10s to 13s; Adam’s Pearmain, 12s. Australian prices for Victoria and Tasmanian apples :—Cleopatra, 13s to 146 per case: Jonathan. Us to 13s; Dunn's Favourite, Us to 12s; others. 10s 6d to 12s. West Australian sorts, Is per case more. HUMP. Manila market steadier. “J” grade, April-June shipments, again sold at ,£39. Sisal dull and easier" tendency." Number one Tanganyika, Kenya, April-Jnne shipments, offered at £42 10s to .£43, but no business reported. New Zealand weak and sellers quote high-points. AprilJvne shipments, .£36 10s; fair, ,£33 10s, hut no buyers. Stocks in London, March 81.st, 85 tons, against 107 tons sam» time last year. WOOL. Bradford market quiet, but steady. Present quotations are for tops; —64" s warp (merino), 4« Ojd per lb; 64’s average, 3s lOid; 56's super hnlfbred, 2s 9d; 50’s fine crossbred, 2s 2d; 40’s prepared, Is 9d. TALLOW. Spot market quiet, but steady. Present quotations are:—Mutton; Fine, 44s to 45s per cwt; fair f <>- good, 42s to 43s 6d; dark to dull. 39s"to 40s. Beef: Sweet and/or mixed, 42s to 435; fair to Rood, 40s 6d to 425; dark to dull, 37s 6d to 395. Mixed : Fair to good, 40s 6d to 41s 9d; dark to good, 37s 8d to 395." Gut, etc., 35s 6d to 38s 6d. SOLID BASIS AT LAST BRADFORD’S VIEW OF WOOL * PRICES KEEN DEMAND FOR MERINO. Discussing' the wool situation, a wellinformed Bradford correspondent says: “The long-continued stability of wool prices this season has been immensely beneficial to the industry by inducing confidence and facilitating the sale of the fully manufactured article at reasonable priest.. It has also conduced to the extended use of the finest qualities of wool, and there seems little doubt that the considerable publicity which, in various ways, has been given to the superiority of British cloths, is at length producing good results in a greater demaud for Bradford fabrics.

A. conspicuous feature of tho trade at the moment is the demand for the very finest of merino goods. Spinners anil manufacturers of the highest quality yarns and cloths are busy and consumption of merinos is on a largo scale. Topmakers state that they can readily sell anything from “sixties* quality upwards; but even below this there is no weakness. All prognostications about the possibility of a fall in wool have been falsified, and now that tho New Zealand season is closed and the end of the Australian is within sight, there is sound confidence that the raw material is on solid foundation. to ahTmigration BOWRA’S SURPLUS FUNDS IF SHAREHOLDERS APPROVE. Bv Telegraph.—Press Assn.—CopyrightSYDNEY, April 19. The annual report of the “Bawra" directors states that, taking both the purchase price of wool and sheepskins and subsequent surpluses, the funds distributed and yet to be distributed amount to £207,000,000. It lias been suggested thrit some of this money should bo used for tho purpose of settling migrants on the land on the lines of tho New Zealand “Flock House” scheme. A suggestion will be nut before the meeting of shareholders that £500,000 be set aside for national purposes, of which half would he used for training the sons and daughters of dead soldiers for Australian country life; the other half for establishing a Commonwealth laboratory at Sydney for research work in connection with the pastoral industry. CUSTOMS REVENUE The Customs revenue received at tho ss9Bl°* "^ c^n^on J e6 terday aggregated