LONDON MARKETS

Sun (Auckland), Volume I, Issue 166, 4 October 1927, Page 12

LONDON MARKETS

OFFICIAL RESUME Under date October 1. the' High (W missioner for New Zealand cabled w London as followsWOOL The sales closed on Thursday tv attendance was large and throughout; Continental buyers particularly prominent in the Merino *l/ tion. Yorkshire purchases were nZu principally among New Zealand <£2! bred. The feature of the series ready sale of targe quantities of wool. Compared with the July greasy Merino and fine crossbred «•* par to 5 per cent, dearer; median am coarse crossbred. 5 per cent, to n Ja cent, dearer: fine aliped, par- let., grades, par to 5 per cent, dearer. tZ average closing rates were:— 60 to 64’s. no New- Zealand offered* ii to 58’s, Is lOd to 2s Id per lb; 54’a u 8d to 3s lOd per lb; 48 to 50's, la (u 3s 7d per lb; 44 to 46’s, 1b 3id to Is «u per lb; 36 to 40’s, Is 2*d to Is S|d per " There were 120,000 bales gold, of whHi the Continent took 60.00 C. Home 57,000 and U.S.A. 3,000. Th* next seriei commences on November 22. TALLOW The market is quiet and prices an slightly weaker. Present quotations airMutton.—Fine, 36s 6d to 37s psr cn : fair to good, 34s to 365; dark to dulL !3« to 335. Beef.—Sweet and/or mixed, 36s to 4.18; fair to good, 33s 9d to 35s «d; dark to dull. 31s 94 to 32s 9d. Mixed. —Fair to good, 33s Jhl to Sis to; dark to dull, 30s 6d to 325. Gut, Etc.—27s 6d to 33 s 6d. EGGS Prices are higher and tlia market quieter. Present quotations are: English and Dutch, 17s 6d to 21* j*r long 100; Danish and French, 15a M t* 20s; Belgian, 36s 9d to 18s; 14s to 17s; Lithuanian, R. issian ato Polish, 9s to 15s. OATS The market is firm with an ab.s«n* of offers of foreign descriptions. Flu* afloat is worth 265. October Fhipmeja 25s 6d. Chilean December shipments ;ir« offered at 24s 6d. Up to 26s 6d it obtainable for earlier shipment. Bad wither is affecting English Supplies are moderate and quality peer. Choice feed white held firm at 30s to ill Choice old crop makes 35s to 365. Yalw of New Zealand "‘A” gr&<3« Garter October shipment, 32s €d. BEANS The market is very quiet. Supply English Winter is moderate and sangles are chiefly in a soft condition. Onb • small demand exists for perfectly -fry ones at 43s to 455. Che ice old Winter. 50s to 51s. COCKSFOOT On account of the bad weather il« Danish new crop is reported to be a failure, and prices have advanced oa* siderabiy. 90 to 95 is quoted at £5 7s 6d c.i.f. main ports. PEAS Maple.—New Zealand spot is quoted at 87s 6d to 90s ex store, and the nomi«« value of first grade for February March shipments is 77» (d: April to M*7 shipments, 70s; “A” grade Tasmante* February shipments, 87s; March April shipments, 83s 6d. Blues.—The market is very quiet. crop New Zealand and Tasmanian ij w’orth about £lB for shipment spring, but there are no buyers at pieent for this position. HEMP Manila was easier early this *‘J” grade October to December sn>£ ments sold at £42 10s and down to it ss. The market was steady at the sellers quoting £42 15». Sianl: market is steady. No. 1 arrived sow £37, and No. 3, £36. September^ November shipments No. 1 quoted £37 12s. Tow: The market is Value No. 1. £3l to £32. The Zealand market is quiet:. Business n*» been done with October to ueren: ■ shipments on the basis of £&► ‘uij,. fair and £32 30s for common. points sellers ask £35 10s, but bof ideas are £35. The tow market Is QJJ and easier. The value of second is £23 and third grade £