LONDON PRODUCE MARKET

Sun (Auckland), Volume III, Issue 710, 9 July 1929, Page 12

LONDON PRODUCE MARKET

HIGH COMMISSIONER’S CABLE WELLINGTON, Monday. The Department of Agriculture has received the following cablegram, dated July 6, from the High Commissioner for New Zealand, London: — Tallow.—There was only poor demand at auction. Present quotations for spot are:—Mutton: Fine, 41s to 41s 6d a cwt.; fair to good, 38s to 40e; dark to dull, 35s 6d to 365. B«fef: Sweet and/or mixed, 39s to -i3s; fair to good, 37s to 395; dark to dull, 35s to 365. Mixed: Fair to good, 36s 6d to 395; dark to dull, 35s to 35s 6d. Gut, etc.: 34s to 365. Hemp.—The Manila market is dull. “J” grade for shipment to be in July-Septem-ber is quoted at sellers, £37 ss. The output from January 1 to June 30 was 871,000 bales, against 702.000 for the same period last year. Stocks in Manila at the end of June totalled 208,000 bales, against 143,000: England, 10.315 bales, against 31,232 bales. Sisal: The market was quiet, closing easier. For shipment to be in July-September Tanganyika No. 1 is quoted at sellers £3B 15s; No. 2, £36 15s. Tanganyika No. 1 afloat sold down to £3S 10s; No. 2. £36 10s. New Zealand: The market is quiet. Small business has been done in highpolnts June-August shipments at £33 15s; fair, £3O 10s. Value of common is £29. No. 2 tow, value £2l 10s. In No. 3 business has been done at £l7 10s. Wool.—The Bradford market is quiet. Fine crossbred tops are slow, the tendency being in buyers’ favour, and less confidence is shown in medium crossbred at current rates. Low crossbred prepared sorts are firm. Present quotations for tops are:—64’s warp, 3s 4d to 3s 4£d a lb.: average, 3s 3£d to 3s 4d; 56’s, 2s 5J,d to 2s 6d; 50’s prepared, 2s Id to 2s lid; 40’s prepared, Is 9|d. AUSTRALIAN LOANS IN U.S. (Australian and K.Z. Press Association) Reed. 10.40 a.m. NEW YORK,. Monday. Commonwealth, 5 per cent., 1955, £95; 1957, £9 4 17s 6d; 4J per cent., £B6 15s. New South Wales, 5 per cent., 1957, £9l 5 »: 1958, £9l 2s «d. Queensland, 6 per cent., £102; 7 per cent., £lO7 10s.