HIGH COMMISSIONER'S REPORT.

Press, Volume LX, Issue 18228, 12 November 1924, Page 10

HIGH COMMISSIONER'S REPORT.

The Department of AgrinuHnre has received tho following cablegram, dated Bth instant, from the High Commissioner for New Zealand, London:— • BUTTER.

Continental buying of Danish has been restricted lately, and English demand lu a a.so fallen off considerably, owingto high price. Market row weak and declining. Official quotations pre:— •

New Zealand. Salted. Fjnest. November Bth—2l6s to 218s per cwt (la lid to 1b lljd per lb). November Ist—222s to 226s per cwt (Is lljd to 2s OJd per lb). „ October 25th—2213 to 228s per cwt (2s t=> 2s o£d per lb). Other Qualities. November Bth—l9Cs to 200s per cwt (Is BJd to Is 9Jd per lb). Australian. Salted. Finest.

November 8th —19Gs up to 200s per cwt- (Is SAd to Is 9<d per lb). November Ist—2oos to 20Ss per cwt (Is 9id to Is IOJd Der lb).. October 25th—iOSs t'j 216s p«r cwt (Is IOJi to Is lid per lb). Unsalted. - November Bth—2o "a to 206s per cwt (Is 9£d to 1-3 lOd per lb). November Ist—2los to 216s per cwt (is Wld to Is lid per lb). October 2?th—2lßa to 226s per cwt (19 Hid to Cs C'd «er lb). Qther Qualities. November Sth-Salt«d: ICOs to 18€s per cwt (Is -ljd to Is 7Jd per lb). Unsiltrd: 190s to 198"< per cwt (Is SJd to Is 9d per lb). Canadian. Crofl:nerv. November Bth—]Pßs to 196s per cwt (13 8d to Is BJd per lb). November Ist—l9os to 5S6s per cwt (is BJd to Is S?d per lb). October 25th—200s to 20Ss per cwt (Is 9id to Is 10£ d per lb). Unsalted.

November B:h—2oos to 202s per cwt (1 9Jd t» Is 9Jd per lb). November 1st —200s to 201s per cwt (13 91d to Is 9Jd per lb). October 23th—210s to 216s per cwt (Is 10J1 to Is lid per Ibl.

Argentine. Unsaltod. Market weak. November Bth—l94s to 200s per cwt (Is BJd to Is 9Jd per lb). November ?st—2Gog to '2oßs per cwt (Is 9Jd to Is IOJd pSr lb). October 2oth—2oßs to 218s per cwt (ls : 10Jd to Is lljd per lb). Other Qualities. Noveifiber Bth—lßos tc 190s per cwt (Is •7d to Is Bld per lb). Danish. November Bth—22os to 224s per cwt (Is lljd to 2s per lb). November Ist—233s to 238s per cwt (2s ljd to 2s ljd per lb). October 25th—2423 to 244 i per cwt (2s Ifd to 2s 2d per lb). , . . ' CHEESE. Firmer torrc not maintained. Official quotations are:— Engli'h. Finest Farmers'. Firm. November Btli—l36s to 3i20» per cwt (Is OJd to Is CJd per lb). November Ist—ll4s. to 118s per cwt (Is OJd to Is OJd per lb). . iOctober 25th—114s to 118s per cwt (Is o]d to'ls CJd per lb). ' Canadian. . November Bth—Coloured: 95s t» 96s per cwt (lOd to 10id per lb). Exceptional: 97s ■per cwt (IOJd per lb). White: ©ss to 96s up to 983' per. cwt (104 to lftjd per lb). November Ist—Co 7 our2d and white: 96s to 98a per cwt (10Jd to IOJd per lb). ■ October 25th: Coloured, 94s ..to 96s Per cwt (lOd to IOJd per. lb). .White: 95s to 96s per cwt (iod to IOJd per lb). New Zealand: quiet. . November Bth—Coloured and white: 94s to 9Gs per cwt (lOd to IOJd per lb). November 1st —Coloured and whitg: 96s to 98s per cwt (IOJd to IOJd per. lb). October 25th—-Coloured: ,94s to 95s per cwt (lOd per :b). White: ,94s to 96s per cwt (10d 'fo IOJd per lb). Estimated stocks of, cheese on November Ist at London, Liverpool, and Bristol were:' Canadian and American 227,700 "boxes; New Zealand and Australian 25,1C0 crates, against 217,500 and 5400 crates for same time last year. ... > . • • • CASEIN. French rennet unchanged. Argentine lactic £49 per ten. 1 HEMP. • / Manila, market inactive. "J", grade No-vember-January shipments quoted at £55 sellers. "New , Zealand market outfit. Hi"*' points November-January shipments quoted at £43 10s; Fair £42 10a and value. WOOL. Bradford market strong and business increasing in merino .and crossbred tppa. Quotations ard: —64's (merino) fis 6d; 56's (snper halfbred) 4s 2d; 40' a prepared (coarse crossbred) 28' 4Jd. '\ TALLOW Market: , quiet.. ' Present quotations are:—Mutton: Fine 52a to 52s 6d per cwt; fair, to> gocd 495, to 51s per cwt; dark to dull 45s £d to 47s per cwt. Beef: Sweet and-or mixed 51s fld to 52s 6d per cwt; fair to good 48s to 60s per cwt; dark to dull,'44s to 46s .per cwt. Mixed: Fair to good'47a to 49s gd per cwt; dark to dull ,44s to. 455, 6d per cwt. Gut, etc.: 40s to 45s per cwt. • ■ ■ EGGS. ./

' Market firmer for the best. . Others unchanged. . 25nglish, Irish, Danish and Dutch 26a to 32s per long-J00; Belgian, Italian 235. to 28s per long 100; South African, Australian 19s tb ; 23s per- lons 100; Argentine, Lithuspian, Russian,. Egyptian 12s to 17s 63 per long 100.' A-proportion of the New Zealand eggs ex s.s: Port Curtis have been sold on the, open market for 21s £d to 245.

. FOREIGN EXCHANGE RATES. (Received Novejnber 11th, 8.10 p.m.) ; LONDON, Noyember 10. The exchange rates are as follows : Par. Nov. 7. Not. 10. Pans fr. to 'iCi ... '22.225iSell. to ilr .V -22.22g. 95,3 95.70 Chnstionia,.; taf.to£l; na'?a Copenhagen, kf: fto 1 ,18:159 • 26A 26.19 Stockholm'; •k?', to -£l 18.159 < 17.85 Berlin,' marks, to £1 20.15 billions Reichsmarken Montreal, • d6l. to £l. : '■ 1 New ?ork, dol to ; £l Rome, - lire l«"-»? Hoc? Kong, at to-dol.-r-r. 4 Yokohama, st to"yen" 21.5 . SOid '<3alcditto,', st to rpe 10 toxoid £1 17jd 17 13-16 d

METALS. ■ (Received'Nov£mbM^Hh^B^o^.m.)^^ vG(jld--i4' 105 2d per oz. _ . Mt ' f63 lis 3d; forward, £6i 1 Ji^d—Spwt, £39 ls forward, £36 17s £34 15s; s forward, £33 16s 3d Tin—Spot, £258 7s 6d; forward, £261 7s 6^Siiver —Standard, 33 13-16 d per oz; fine, 86Jd.per oz.

SHARES. •(Received November 11th, 8.40 p.m.) LONDON, November 10. Shares—P. and O. (def.), buyers, £315; selleiß, £320.

BRADFORD WOOL MARKET. (Received November 11th, 8.40 p.m.) ; : "-'V - LONDON, November 10. The. Bradford wool -market is . exceedingly ttrm. Not very macli business is passing in : tops, hut there »• a. good enquiry for wool.

DAIRY PRODUCE. Dalgety,. and Company, Limited,' have received the following cabled advice, from London:—Batter—Market weak and irregular. Danish 2225, linest New Zealand salted 220 a, for exceptional New Zen land brands 222 a, finest Australian salted .198s, _ unsalted 208* Cheese—Market slow. New Zealand white 965, coloured 955, and Canadian c.i.f. 93a. . . FROZEN MEAT MARKET. Dalgety and -Co., Ltd., have received the following cabled advice from London Frbzon Lamb—The demand for New Zealand lamb is active for ex warehouse, and'the market is firmer. Prime-crossbred lamb, Canterbury, heavy 12d, light 12id, North Island, heavy Hid, light 12fci. Frozen mutton—The'demand, for New Zealand mutton runs principally in light-weights, and the market ia firmer. Prime, crossbred mutton, North Island, heavy 7Jd, light Bid- Frozen beef—The demand for New Zealand beef is better, and the market firmer. -New Zealand prime -ox beef) hinds 51d, foreg lid. The New Zealand Loan and Mercantile Agency Co., Ltd., have received the following cabled advice from London:—New Zealand, Frozen Meat—Lamb, 121 d per lb (average). Mutton—Wether and maiden ewe, light BJd per lb, heavy 7|d per lb; ewe, light 7Jd per fb, hWvy-ejd per lb. Market firm.