NEW ZEALAND PRODUCE IS LONDON.

Press, Volume LXVI, Issue 13909, 7 December 1910, Page 2

NEW ZEALAND PRODUCE IS LONDON.

(•Weekly Press and Referee.")

WOOLLED SHEEPSKINS

LONDO.N. October 21

At the seventh series of public sales o> wool led sheepskins just held, there was a large attendance of buyers from all quarters, but competition was somewhat irregular. Messrs Balme and Co. note that the total catalogued quantity was 78*3 bales, New Zealand contributing 2519 bale.-,. Prices for combing greasics ruled from par to o per cent." cheaper, while clothing and 'horn showed little .Iteration irorn the previous level. Australian combing line cro,>breds declined about J percent , while the coarser grade>., as. well as short-woolled lots of all qualities were practically unchanged. Among New Zealand skins, halfbred combings were from o to 7} per cent., and fuUwoolled medium and coarse about o per cent, lower. Lambis- were ii per cent, cheaper. . In comparison with the prices ruling at the sales previously held, Messrs Balna- and Co. give the following figures :—Merino, full and three-quar-ter-woolled, id per lb lower: halfuoolled, id per lb lower: short and shorn pa to id per lower; crossbred, tine, full and tbreo-quarter-woolled, id to id per lb lower; ditto coarse, full -and three-quarter-woolled. par to id per lb lower; half-woolled, { ja r: short and shorn, par; lambs, Jd per lb lower. A DISAPPOINTMENT.

In their review of the Into series or wool sales, tho National Mortgage awl Ww-v Company of New Zealand comment:—"bo far as coarse wools were concerned, the series was a disappointing one. The condition ot the Bradford trade encouraged the belief that a most satisfactory clearance would be effected, and the first days of the sales were quite in accordance with expectations. Conflicting interests, however, were at work. Several large operators, in view of the new colonial season, instead of supporting the market actually tinned sellers, and sent a "ood deal of their stock up {or realisation, the market, lacking their support, had thus no other course open buf to decline. Due note, however, should he taken of this fact, and that lower prices were not in any way owing t«> a falling away in the state of the tiade, which continues most flourishins. 'The outlook for fine wools was not so good as that for coarse, but notwithstanding the lower range of prices in Australia, owing to pressing requirements, values remained remarkably steady." Further is to bo found the' comment:—''The New Zealand merinos catalogued were an uninteresting assortment, and generally heavy and wasty." The series occupied eleven sittings, with a daily average of 11,7(57 bales, against 10,16(5 bales a', the corresponding series in 1909. TALLOW. PIUCES STILL HIGH. The supply of "spot" and near-at-h.ind tallow continues very meagre, so much so that no sales could be held this week. The demand continues excellent, and prices are again dearer throughout, except edible tallows, which' are the only kind that are inclined to hang fire. Messrs Weddel and Co. note that on c.i.f. Wins a good business has F.en done both in parcels I afloat and for shipment, and the proI nounci'd discount for distant tallow is j gradually disappearing. To-day's range o! prices for October-November shipI merit are .----For mixed, 36s to 36s Gd; J fir mutton, 38s 6d to 39s 6d; while I li.\ f. which is offered very sparingly, ■is worth from 37s to 37s 6d for fair to good descriptions. Edible beef tallow has been "sold in retail quantities .at 39s per cwt. I RABBIT SKINS: I The offerings of New Zealand at the j TriMt sales were 307 bales, 275 of which I sold.- Best season skins were limited in j the absence of enquiries from furriers. I Fair to good winter, incoming and I autumn descriptions sold at fairly firm I rates. Low season, Binall and suckcis, were steady in values. Black and tilvery in small quantities sold at v-';ry full prices. NEW ZEALAND FLAX: The market has continued firm during the last few weeks, but business has been of small extent. Fair OctoberDecember changed hands at £21 15s, and the value of good fair has remained at about £24 Ms. The N.M. and Agency Company mention that a parcel of high point fair sold at £22. Offers from the Dominion are scarce, and there are only 830 tons afloat due to arrive here by the. 17th' November. Quotations are:—Good fair New Zealand, c.i.f. £24 los. fair £21 los; fine New Zealand, ex store £25 10s, good fair £24 los, fair to fully fair £21 los, common £20 15s, hackled tow £15, tow £10. MUTTON DEMAND GOOD. During the past two weeks some 76.000 carcases, of sheep have arrived from New- Zealand. There has been a good demand for all kinds, and values have been easily maintained. Messrs Weddel and Co. report that prime Canterbury sheep realised 4id to 4jjd per lb for carcases up to 641b, and <ld toild per lb for heavier weights. Best North Inland brands are a steady sale at 4d to per lb for medium weights, and 3ld*to 4d for the heavier grades. Secondary class mutton is in good request at 3id to 3Jd per lb. Ewes have met with a good enquiry at 3Jd per lb. LITTLE ENQUIRY FOll LAMB. An exceptionally quiet demand has been experienced for lamb during the period, owing mainly to the high prices now being asked, and also to heavier supplies of Scotch and Dutch sheep and lambs. These factors, however, have not adversely affected the market for the frozen meat, price* closing a shade 1 higher, owing to the very light sup- : plies available and afloat. To-day, Messrs Weddel and Co. quote: —Prime Canterbury lambs under 361b, 5Jd: :«)-l_lb, s|d: 42-501b. s£d per lb. Southland and secondary lambs are selling at ojjd-id per lb tor under „2lb, and 5d per lb for tho 42-50 grade. LITTLE TRADE FOR BEEF [ For frozen beef the demand has been very unsatisfactory, few sales being possible, owing largely to the heavy supplies of chilled beef, which sells at exceedingly low prices. Messrs Weddel and Co. say that prices register a decline on the fortnight, during which period 9200- quarters have come from New Zealand. 56.200 from Australia, and 53,000 quarters from the River Plate. Briefly. Messrs Dalgety remark :— Frozen mutton: Prices are firm, but the demand is limited. Frozen lamb: Demand is lirni+ed "off the hooks," but owing to light supplies, prices must b+> quoted |d per lb firmer for all classes of frozen lamb in store. Frozen bcei : This branch of the tradu is at present at a standstill, owing to reasons men ticned—the fall in the price of chilled beef owing to excessive supplies; as prices of chilled beef are lower than those for frozen, holders of the latter Keep their meat off the market. THE C.C. AND D. CO.'S REPORT The moderate stocks of .New Zealand mutton on hand are proving quite sufficient- for the limited demand, and holders seem content to keep quotations at their present level, as they are under no obligation to increase the output. Prices, however, have not a very firm tone, although no quotable change from last week can be reported. Stocks of

lamb have now run down to a low pbb, I but there has been a corresponding; decline in the enquiry, and prices have been advanced to preclude stocks feeing entirely exhausted. Light Canterbury descriptions are difficult to obtain., even at old per lb, and medium weightsare worth 5-|d per lb. North Island lambs are selling at s|d-Jd per lb. Hindquarters of New Zealand and Argentine beet are quoted at 3Jd-3|d per lb, and forequarters at 2Jd to 2-$ d per lb. DAIRY PRODUCE. It is understood by the National Mortgage nnd Agency Company that part of the shipment brought from New Zealand by the lonic consists of butter that has been stored in the Dominion, and that only a small portion is freshmade. Trade in cheese has remained steady, and buyers continue to make their purchases of Canadian weekly, and do not seem v inclined to lay in stocks. From the New Zealanders' point of view, the N.M. and Agency Company remark, this is an excellent sign, and the firm has no doubt that buyers will be ready to take New Zealand chetse as it comes along. Messrs Dalgety and Co. note that a feature which may help Australian and New Zealand butter is the fact that Danish butter has recently given little satisfaction here, owing to a falling off in the quality of a great many of th» factories. For the nine months ended September 30th, New Zealand sent 54,732cwt more butter than was the case in 1909.the figures being 270,289 cwt for this year, and 220,857 cwt for last year.