LONDON PRODUCE PRICES

Evening Post, Volume CX, Issue 137, 8 December 1930, Page 14

LONDON PRODUCE PRICES

The Department of Agriculture has received the following cablegram, dated 6th December, from the High Commissioner for New Zealand, London: — Tallow: Market quiet on spot, and quotations nominally unchanged. Hemp: Manila market firmer on bears covering. "X" grade December-February shipments sold up to £24. Sisal: Slightly easier. Sellers first-grade good marks December-February shipments at £22 10s; fan? average quality, £22. New Zealand: Market quiet owing to absence of offers. Nominal value December-January shipments high-fair, £24; fair, £23; common, £21 10s. Small business has been done in rejected at £18 ss, and second-grade tow at £15.

Peas: Market weaker owing to cheap speculative offers of Tasmanian and fair quantity of poor quality New Zealand. Partridge pressed for sale. New crop Tasmanian February-March shipment now under offer at 595. Value of first-grade New Zealand new crop March-April shipment 50s to 52s 6d. English finest obtainable at 325, and old crop at 42s to 445, with fair supplies available. Blues: Quiet trade confined to Dutch and Japanese. Spot quotations: Japanese 16s, Dutch, 13s 6d. Innseed\; The following cable, dated 2nd December, has been received from Messrs. Landale and Clark, Ltd., Calcutta, with reference to the linseed market:— We quote £11 7s 6d per ton of 20cwt imi mediate shipment. Market dull.

"In the case of Latin American countries, ' without the * protection afforded by central banks operating freely on a gold basis, the position to-day would have been immeasurably worse, for they would have been faced with depreciated and violently fluctuating currency values in countries where instead the exchange had been maintained stable at around par value."— Mr. R. J. Hose, Anglo-South American Bank, London.