LONDON MARKET

Waipukurau Press, Volume XXVIII, Issue 131, 28 May 1932, Page 3

LONDON MARKET

THE WOOL SALES

GOOD COMPETITION LONDON, May 26. At the wool sales 9,551 bales were offered, including 4,02 3 new Zealand; approximately 5,070 were sold. There was good general competition and opening rates were maintained. There were some withdrawals of Merinos owing to high limits. New Zealand prices: Greasy crossbred, Te Paroe, top 7J, average 6 l-4d.; scoured half bred, N, top average 15d. BRADFORD MARKET LONDON, May 26. At Bradford there is not much business. Thursday’s quotations compare as follows with those previously cabled: —

DAIRY PRODUCE PRICES

LONDON, May 26.

Butter is more active. Danish 100/to 102/-. Choicest salted New Zealand 97/- to 98/-, Australian 97/-; unsalted New Zealand 98/- to 99/-, Australian 98/-. Cheese is steadier. New Zealand white 57/-, coloured 58/-; Australian 55/- and 56/-. Dalgety and Co., Ltd., have received the following advices concerning the London dairy produce market: —• Butter: Market, more doing. Quotations: Danish, 100 s per cwt.; New Zealand finest, 96s to 98s; Australian finest, unsalted 95s to 975, salted 95s to 975; Australian G.A.Q. 90s to 935.

Cheese: Market, rather better. Quotations: New Zealand, white 56s to 57s per cwt., coloured 56s to 575; Canadian, white 70s to 745, coloured 68s to 725. RABBIT SKINS SALE ” LONDON, May 26. At the rabbit skins sale 1244 were offered and only 128 sold. Low grades sold at 20 per cent, decline; furriers’ pulling sorts were unquotable owing to lack of business. 5 ■ CANTERBURY PRODUCE MARKET CHRISTCHURCH, Friday. The potato market has firmed durI ing the week. Prompts have been | sold at £5 10s f.0.b., 5.1., at Lyttelton, and June deliveries at £5 15s to £5 17s 6d. To-day there are buyers at the former figure and sellers at the latter. Julys are quoted at £6 7s 6d and July-Septembers at £7 2s 6d to £7 ss. The values to farmers (on trucks) are £4 10s to £4 15s. The hardening of the market is due to northern inquiry, and quite a fair amount of business has been done. The Wingatui, which sailed yesterday from Lyttelton, toojt approximately 6000 sacks from all ports, Dunedinfi, Timaru and Lyttelton. The next boat, the Waipiata, is due to sail on Wednesday or Thursday. The Wingatui’s consignment is expected to arrive in Auckland on a fairly bare market. • Fowl feed is firm at 4s lOd per ' bushel, f.0.b., 5.1., for prompt. There ! is more business than usual. I Very little milling wheat is offer- ! ing from the country, and apparently J most of the wheat now threshed is in >! traders’ hands. i There is an absolute dearth of ini i quiry for oats and chaff, and small sales are also neglected. THE PRICE OF GOLD i — LONDON, May 26. The price of gold is £5 12/6 per ounce. ,

7O’s . May 5. 23 May 12.May 19.May 26 23 23 23 64’s . 21 21 21 201 6O’s . 101 201 201 20 56’s . 16 16 16 16 50’s . 101 101 101 10 46’s . 9 9 9 9 40’s . 91 9 9 81