THE LONDON MARKETS

Wanganui Chronicle, Volume 71, Issue 257, 30 October 1928, Page 9

THE LONDON MARKETS

HIGH COMMISSIONER’S REPORT The Department of Agriculture has received the following cablegram, dated October 27, from the High Com-* missioner for New Zealand, London: Tallow. —Little more doing but market still quiet at about unchanged rates. Next auction, November 7. Hemp. —Manila market firmer and good business has been done at higher rates. American market strong. “J” grade sold for October-Decem-ber shipment up to £35 10s. Closing value £35 15s. Sisal market firmer after slight re-action. Closing values, November-January shipments, No. 1 £37 10s; No. 2 £35 10s. New Zealand market firmer in sympathy with Sisal. Continued demand for Higpoints and moderate demand for lower grades, but buyers’ ideas low. Closing values ' for October-December shipments arc: Highpoints £32 10s, fair £29 ss, com mon £27 15s. Tow unchanged. Wool. —Considerable business in fine tops and yarns in consequence of upward tendency at. Australian sales. Demand for crossbred is irregular am! l buyers waiting establishment of basis in New Zealand and South America. Present qu<tutionsi 64’s (Merino) warp 4s per lb, average 3s lOrl to 3s 101 d per lb, 56’s average 2s 8d to 2s 9d per lb, 50’s prepared, 2s 31 per lb, 40’s prepared Is 9d per lb.