OVERSEAS MARKETS.

Auckland Star, Volume LIX, Issue 225, 22 September 1928, Page 4

OVERSEAS MARKETS.

LONDON WOOL SALES.

FAIR COMPETITION.

(Australian and N.Z. Press Association.) (Received 11 a.m.)

LONDON, September 21

At the wool sales 11,089 bales were offered, of which 3247 were Australian and 5647 New Zealand. There was a miscellaneous selection of Merinos, with only a few greasy crossbreds, and a large offering of slipes. There was fair competition, but withdrawals were frequent. Prices were firm at opening rates. New : Zealand Bayfields, 23d. WORLD'S WHEAT CROP. AMERICAN FORECAST. (Australian and N.Z. Press Association.) (Received 11 a.m.) WASHINGTON, September 21. The Department of Agriculture's forecast of the world wheat supply this • year is that it will be only four per cent larger than the supply available in : 1927. It anticipates that this increase will be largely offset by the increase in < demand. 1 It is pointed out that increases in North America are likely to be balanced by an anticipated smaller crop in Russia and India, both of which countries will probably be compelled to import wheat before the end of the season. CHICAGO WHEAT VALUES. (Australian and N.Z. Press Association.) (Received 11 a.m.) CHICAGO, September 21. Wheat for delivery in September is quoted at Chicago at $1.10% per bushel. For December delivery the rate is $1.14%, for March $1.19%, and for May $1.22%. AUSTRALIAN PRODUCE. (Received 12 noon.) MELBOURNE, this day. Wheat is steady at 4/9% per bushel. Flour is quiet at up to £12 12/6 per ton. Brand is steady at £6 5/, and pollard at £6 5/. Oats are firm. Milling to 4/, feed 3/4. Barley, English malting, 5/3 to 5/4; Cape, 4/. Maize, 4/2. Chaff is firm at £6 to £6 10/. Potatoes are slow to £3 15/. Butter and cheese are unaltered. WHEAT CARGOES, ETC. (Australian Press Assn.—United Service.) (Received 12 noon.) LONDON, September 20. Wheat cargoes are steadier on better American and Canadfan closings, and reports of drought in parts of Australia. Quotations are 3d to 6d higher, but buyers are not disposed to trade. Parcels are in moderate inquiry at a similar advance. Liverpool futures: October, 8/9 to 7/8 per cental; December, 9/0%; March, 9/2%. Spot trade is quiet. Australian, ex ship, 47/. Flour is slow, ex store, 32/6 to 33/6. Oats are dull, peas and beans steady. DAIRY PRODUCE. Mr. W. W. Bowker has received the following cable from his London principals, A. J. Mills and Co., dated September 20:— Butter. —The market is quiet. New Zealand, finest, salted, 184/ to 186/ per cwt; first grade, 182/; unsalted, 4/ more. Danish, 194/ to 196/. Australian, salted, 172/ to 174/; unsalted, 184/ to 186/. Argentine, 170/ to 174/; Siberian, 160/ to 162/. Cheese.—The market is firm. New Zealand, white,, 113/ to 114/; coloured, 112/ to 113/. Canadian, white, 113/ to 114/; coloured, 112/ to 113/. Messrs. Dalgety and Company have received the following cable from their London house, dated September 20:— Butter. —Market steady, but quiet. New Zealand, finest salted, 182/ to 186/ (very extreme) per cwt; Danish, 198/ to 200/; Australian, finest unsalted, 182/ to 184/; salted, 170/ to 174/; g.a.q., 160/ to 164/. Cheese.—Steady, but quiet. Australian, white, 111/ to 112/; coloured, 110/ to 111/. New Zealand, white, 113/ to 114/; coloured, 111/ to 112/; Canadian, white, 112/ to 114/; coloured, 111/ to 113/; c.i.f., 112/ to 113/6. Messrs. Joseph Nathan and Co. have received the following cable from their London principals, Messrs. Nathan and Trengrouse, Tooley Street, dated September 21, as follows:— Butter.—New Zealand, 182/ to 186/ per cwt. Market slow. Cheese.—New Zealand, white 114/, coloured, 112/. Market firm. Messrs. Allen and Findlay have received the undermentioned cable from their principals, Messrs. Armour and Co., dated London, September 21:— Butter.—Market quiet New Zealand, 182/ to 184/ per cwt; Australian, 172/ to 174/; Danish, 195/. Cheese.—Market steady. New Zealand, 112/ to 114/ per cwt; Australian, 110/ to 112/. FROZEN MEAT. Messrs. Dalgety and Company have received the following cable from their London house, dated September 20:— Frozen Meat. —The market for New Zealand lamb is weak, and demand limited. The market for New Zealand mutton is weak, and demand moderate. The market for New Zealand beef is weaker, and demand quiet. Quotations are:— Lamb.-jPrime Canterbury, 28's to 36's, 10% d per lb; 36's to 42'g, 10% d; second quality, 9%d; 42's to 50's, 9%d; North Island, 28's to 36's. 10% d; 36's to 42's, lOd; second quality, 9%d; 42' a to 50's, 9%d. Mutton.—Prime Canterbury, 48's to 56's, 7%d; 56's to 64's, 7%d; 64's to 72's, 7%d; North Island, 48's to 56's, 7%d; 56's to 64's, 7%d; 64's to 72's, 7d. Canterbury ewes, 48's to 64's, 6d; North Island ewes, 48's to 64's, 6d. Beef.—New Zealand prime ox beef, hinds 5%d; fores, 3&d; Argentine chilled, hinds, 7%d; fores, 4%d. Pork. —English, 80's to 100's, 9d; New Zealand, 80's to 100's, 7%d; 100's to 120' a, 7%d.