LONDON MARKET REPORTS

Wanganui Chronicle, Volume LXXXII, Issue 19368, 27 July 1925, Page 8

LONDON MARKET REPORTS

LEVIN AND CO., LTD. Messrs Levin and Co., Ltd., have received the following cable from their [London fagents, dated July 24, 1925: j Frozen meal, quotations (prices on a “delivered” basis, i.c., including stor|agc charges, cartage, tolls, etc). Down (lambs 28/42’s, .11 5-8 d per lb; best [North Island, 28/42’s, 11 3-8 d; ordinarv ■North Island, 28/42’s, 11 1-Sd; second I quality kunbs, 28/42’s, 11 5-8 d; best 'North Island wether sheep, 48/64’s, •7 5-8 d; ditto, 64/72’s, 7d; ordinarv [ditto, 48/64’s, 7 l-8d; North Island jewes, 48/64’s, 5 3-8 d; North Island I ewes 64/72 s. sd; New Zealand prime - ox beef, 160/220’s, 43 d. [ The market is weaker all round, particularly for heavy weights, and the demand is poor. MURRAY, ROBERTS AND CO., LTD. Messrs Murray Roberts and Co. Ltd. have received the following wool mar- / ket cablegram dated 23rd" inst., from [ their London agents: j Sales closed with a fair tone. Con--1 t mental buyers principal buyers. Bradford buyers doing almost nothing. Good clearance. Market has been \ erv irregular throughout. Faulty wool has been greatly neglected. Compared with present London sales opening rates greasy merino best, descriptions par to 5 per cent, decline. Greasy merino other descriptions declined 5 per cent. Greasy merino pieces declined 7A per cent. Scoured merino declined 5 "to 10 per cent. Faulty and inferior descriptions show the greatest, decline. Crossbred greasy comeback declined 5 per cent. Crossbred greasy fine declined 5 per cent. Crossbred greasy medium and coarse best description advanced 5 per cent. Crossbred greasy coarse and 1 medium other descriptions par to 5 per t cent, advance. Slipe crossbred market ] shows no materia] change. Crossbred scoured market shows no material change. DALGETY AND CO., LTD. Dalgcty and Co., Ltd., report having received the following cablegram from ■ their London House under date of the ,33rd inst.;— i \\ 00l sales closed animated, good I competition except for inferior land [faulty wools which were irregular. [Coutincntal buyers are the principal (operators. As compared with last 1 sales closing rates greasy merino wools ( unchanged Lo JAd lower, goud merino 1 scoured Id to 2d higher, scoured men- | nos of other descriptions unchanged to □id lower, greasy half-bred wools, Id [to lAd lower, greasy fine ami medium ■crossbreds Ad to Id lower, greasy coarse crossbred par to Id lower, half bred ami ■ line crossbreds scoured Id to 2d higher, best scoured medium crossbreds Id to [lid higher, scoured crossbreds of other descriptions unchanged, slipe woals unchanged to lAd lower, crossbred lambs unchanged. 142,300 bales offered, sold 172,000 bales to Continent, 41,000 bales to Home trade, 2000 bales to America, 84,000 bales carried forward, 65,000 bales have not been offered. The following is the range of prices: Merino, good to super, 25d to 29d; low to medium, 18d to 23Ad. Half bred, 56/58, good to super, 21 Ad to 25d; low to medium, 17d to 20id. Halfbred, 50/56, good to super, 18d to 21d; low to medium, 16d to 17Ad.

■ Fine crossbred, 48/50, good to super, |l6Ad to I8od; low to medium, 14d to il6d. j Crossbred 40/44. good to super, 13Ad .to 14Ad; low to medium, J2d to 13d. Coarse crossbred, 36/4(1, good to super, 13d to 14d; tow to medium, 11 Ad Ito 12 Ad. I Lamb. —New Zealand prime cross-

bred lamb, Canterbury hetivy 9 7-Bd, j light North Island heavy 9Ad, (light 1.1 3-Bd. Steady demand for New iZealand lamb, market firm. I Mutton. —New Zealand prime crossibred mutton, Canterbury heavy, 6]d, ilight 7jfd; North Island heavy 6 l-8d; light 7Ad. Demand for New Zealand jnutton runs principally on light ■weights, market weak. I Beef.—New Zealand prime ox beef :hinds 51(1; fores Demand for [New Zealand beef poor owing to warm weather. Prices nominal. | Pork.—Nominal quotation, spot BAd, ic.i.f. Bd. Yery little doing owing to the intense heat. Butter.—Market steady. We quote New Zealand salted 194 s (190 s Dhn(ish 202 s (1925); Australian salted 190 s i(186s); unsalted 194 s (190 s 1 Cheese. —Market quiet. New Zealand white 109 s to 110 s (108 s to 109 s); coloured 108 s (108 s to 109 s) to 109 s; Canadian c.i.f. 110 s, spot 104 s to 108 s !(104s to 108 s). Last week's quotations given in parenthesis. TALLOW. ! Dalgcty and Company Limited report I having received the following cableI gram from their London House under I date of the 22nd instant. Tallow:— | 1290 casks of tallow offered. 6.30 casks i sold. Prices are unchanged to 6d lower. The decline in prices is chiefly inferior qualities.” ARRIVALS IN GREAT BRITAIN Since our report, of 17th inst., the [following vessels have arrived in the I United Kingdom:— I July 16, s.s. Karamea, 15,676 boxes of butter and 7.141 crates of cheese; July 19, s.s. Corinthic, 1.125 ertites ot cheese; July 20, s.s. Port Campbell. 1,914 boxes of butter.