PRODUCE SALES IN LONDON.
(By Telegraph—Press Association.)
WELLINGTON, this day.
The Agent-General cables.to the Department of Agriculture, that cheese is 50/ ; marken firm. Australian butter, 104/ ; market dull.
Mr Thomas Mackenzie in his London produce circular, referring to sales made with the object of securing a definite fixed price says that by many a buyers price is only adhered to when the'market is unchanged or hardens, not when it falls. During May thousands of lambs were sold by New Zealand agents to Home' buyers at' 2/4 to. 2/8 a stone for-delivery, and though the market rose sixpence a stone sellers who adhered 'to their bargain did not benefit one penny on the rise as regards fixed sales, but when mutton receded twopence to"" threepence, assessments for quality are demanded, and commonly twopence to threepence a stone allowed upon large proportions of parcels, sometimes reaching: ninety per cent of the line. Thus shippers and.shippers agents in London think they are doing good- business by accepting C.I.F. offers, the bargain in many cases only holding good in the event of no fall. From a Home buyer's view it... is ' Heads I win, tails you lose.'
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Bibliographic details
Auckland Star, Volume XXIX, Issue 306, 28 December 1898, Page 5
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193PRODUCE SALES IN LONDON. Auckland Star, Volume XXIX, Issue 306, 28 December 1898, Page 5
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