HIGH COMMISSIONER'S REPORT

Ashburton Guardian, Volume XXXV, Issue 8202, 27 July 1915, Page 8

HIGH COMMISSIONER'S REPORT

WELLINGTON, July 2,6.'

The following cablegram from the High. Commissioner dealing with the Lqndon markets is dated July 24. The quotations, unless otherwise, specified; are the. average market prices on spot: MEAT. T,he. markot is weaker, and prices are slightly lower. Mutton—Canterbury) iight-weight 7 3-16 d, heavy weights 6gd; North Island, light weights 7d, ewes 6£d. Lamb—Canterbury, best quality, all weights Bfd, second grade. 83d.;. light weight other than Canterbury, 8-5-16 d, best, quality light weight, ordinary quality B£d. ■ ' Beef.—Supplies of American chilled beef are small. Chilled hindquarters B§d, forequarters 7jd. ■■<■•■■ BUTTER. • 'The market is firm. Danish is slawV 182s to 1665 l For Siberian, tho good •demand continues; I2Bs to 1325. Irish. ' <?feamery, 142s to 148s: Of Australian Very little is offering; 138s to 140s.'Argentine, unealted 140s to 1445. r:;^ ; CHEESE. ■ ••■■■* ■ The. market is weak and declining rapidly. During the week prices have been irregular. Large quantities of low-grade Canadian and United States are in store. United States cheese in largo quantities affects the market very seriously. Cheese transactions have been light, and. buyers show no disposition to purchase on account of being loaded with cheese bought for. delivery at high pried. Canadian, white and coloured, 74s to 78s; English Cheddar, 94r to' 98s'; New." Zealand, white and-' coloured; -76k ■to - 78s, occasionally 80s; United States..6Bs to 765, according to quality and condition. : WHEAT. The market is quiet, but firm. JulyAugust shipment, Canadian- 555, per quarter, American 48s. •-In. Argentine wheat nothing is offering here. OATS. The market is quiet, butsteadv. JulyAugust shipment, Argentine 25s 6d. ..... WOOL. . The wool sales closed firm. 'Manufacturers were busy, but a reduction has been made in khaki orders, and therefore there isjess demand,for crosshreds. Americans arc not buying at present. France bought crossbreds, and Russia Merinoes. ' The prospects are favourable. The estimated value; of fine crossbreds of all grades is Is'is£d to Is 7£d, medium crossbreds Is 3d to Is- 5d,, coarse crossbred Is *ld-.to. Is 4d, superior Merinoes Is 3d to Is sd, medium Is OJd to Is 2jd, inferior lOd, to Is.