LONDON MARKETS

Dominion, Volume 16, Issue 120, 6 February 1923, Page 4

LONDON MARKETS

HIGH COMMISSIONER’S CABLED REPORT

BUTTER QUIET; CHEESE STEADY The Department of Agriculture has received tlie following cablegram, dated February 3, from tho High Commissioner for New Zealand. London; — Meat. Mairkct continues to be depressed owing to very unseasonable weather. .Mutton is slightly weaker, lamb about the same. New Zealand supplies very small, and cannot be quoted. Very little New Zealand beef about, and price nominally unchanged. i New Zealand Beef. —Fores-/ February 3, 4.’,d. ; January 27, 4}d. ; January 20, 4fd. Hinds: February 3, 4Jd.; January 27, 4jfd. : January 20, Chilled Beef. —Fores: February 3. 4-Jd. ; January 27, 41d. fo sd. ; January 20. sd. Hinds: February 3, s'Jd. ; January 27, old. to 6d.; January 20, 6d. Butter. Market quiet generally. New Zealand. —Salted, finest: February 3, 1965. to 198 s. per cwt. (Is. 9d. to Is. 9}d. per lb.) ; January 27, ditto, ditto; January 20, ditto, ditto. Unsalted: February 3,198 s. to 200 s. per owt-. (Is. 9J<l. to Is. 9£d. per lb J ; January 27, ditto, ditto; January 20, ditto, ditto. Other qualities: February 3, ISOs, to 1925. per cwt. (Is. per lb.). Australian. —Salted, finest: February 3,188 s. to 190 s. to 1925. per cwt. (Is. Bsd. to Is. B£d. per lb.); January 27, 190 s. to 1925. per cwt. (Is. BJd. per lb.) ; January 20, ditto, ditto. Unsaltod: February 3, 1925. to 1945. to 1965. per cwt. (Is. BJd. to Is. to Is. 9d. per lb.) : January 27, 1925. to 1965. per cwt. (Is. B>Jd. to Is. 9d. per lb.); January 20, 1945. to 1965. per cwt. (Is. BJd. to Is. 9d. per lb.). Other qualities: February 3, salted 182 s. to 186 s. per cwt. (Is. 74a. to Is. Bd. per lb.), unsalted 182 s. to 190 s. per cwt. (Is. 7td. to Is. per lb.). Argentine.—February 3,168 s. to 184 s. per cwt. (Is. 6d. to Is. 7}d. per 11>.); January 27, ditto, ditto; January 20, ditto, ditto. banish. —Finest: February 3, 2045. to 2065. per cwt. (Is. 9Jd. to Is. lOd. per lb.); January 27, 2065. i>er cwt. (Is. lOd. per lb.); January 20, 210 s. to 2125. per cwt. (Is. IOJd. to Is. IOJd- P er lb.). Cheese. Market steady and supplies small. English.—Finest farmers’: February 3, 1465. to 150 s. per cwt. (Is. 3|d. to'ls. 4d. per lb.); January 27, 1455. to 150 s. per cwt. (Is. 34d. to Is. 4d. per lb.); January'2o, 1345. to loOs. per cwt. (Is. 2*d. to Is. 4d. per lb.). Fine: February 3,140 s. to 1455. per cwt. (Is. 3d. to Is. 34d. per lb ). Canadian. —February 3, coloured 130 s. to 1325. per cwt. (Is. 2d. to Is. 2i-d per lb.), white 128 s. to 130 s. per cwt'. (Is. Ifd. to Is. 2d. per lb ), exceptional 1345. per cwt. (Is. 2-)d. per lb.) ; January 27, coloured 12bs. to 128 s. per cwt. (Is. lid. to Is. lijd. per lb ) white, ditto, ditto; January -0, coloured 128 s. to 1325. per cwt (Is. IJd. to Is. 24-d. per lb.), white 180 s. to 1345. per cwt. (Is. 2d. to Is. 2}d. P New —February 3, coloured 1265. to 130 s. per cwt. (Is. IJd. to Is. “d per lb.) white ditto, ditto-; January 27, coloured 1245. to 128 s. per cwt. (Is. lid. to Is. Is. IJA. per lb.), white 1245. to 1265. per cwt. (Is. lid. to Is. lid. per lb.); January 20, coloured 1245. to 12Ss. per cwt. (Is. lid. to Is. ljd- Pei' lb -), white ditto, A shipment of New Zealand produce arrived this week per s.s. Port Denison. Australian shipments from January 18 to January 24 totalled 41,011 boxes butter and 307 crates of cheese. Estimated cheese stocks on February 1 at London, Liverpool, and Bristol were:—New Zealand and Australian, 15,150 crates; Canadian and U.b.A., 21,500 crates; against 30,900 and 90,000 crates respectively feuj same time last year. Hemp. Manila market quiet but steady. “J” grade January-March shipments acid at £34 15s. per ton Februt.ryApril shipments £3o; ‘‘G’ grade, Jan-uary-March shipments sold down to £3O 10s. New Zealand steady and quotations nominally unchanged. Sec-ond-hand sellers asking £3O los. f per ton for fair grade, January-March shipments. Peas and Beans. p eas —Demand is limited. New Zealand spot selling slowly at <6s to 80s. per 5041 b., according to quality. Japanese new crop reported heavy. Maple spot values ICOs. to 105 s. Sellers at. second-hand asking 80s. tpi March-April shipments, but no business reported. ' . , Beans—Slow trade. Chinese No-vember-December shipments quoted at 2205. per ton. English new winter ISOs., spring up to 3205. Wool. Sales continue with strong demand from Home trade and good support from America. Crossbred selling freely at opening rates, medium now 2iJ i'ier cent, dearer. Merino prices are somewhat irregular owing to inactive Continental buying. Fruit. Imported apples little better, particularly red sorts. Stocks of American anil Canadian are still heavy, but prospective arrivals are smaller, uie- • ’On and British Columbian Jonathans, Wk. to 12s. per case; Oregon and British Columbian Spitzenburg. Ils. . to 13s. per case; Oregon and Californian Newton, Ils. to 14s. per case. Bears. —Californian Nc-us, 20s. to 235. Larger arrivals of South African expected next week. OTHER ADVICES The Bank of New Zealand, produce department, has received the following advice from its London office, under date February 2:—Butter: Slow; 1965. per cwt. Cheese: Quiet; white, 1265., 128 s. nor cwt.; coloured. 1265., 130 s. per cwt. Frozen meat: There is little demand for mutton. There is a fair demand for lamb. Beef market steady, no material change exnectcd meantime. Wethers, light, 9d. to 9?,d. per lb.; wethers, heavy. B’,d. io BJd. per lb.; ewes, 7d. to 7:'-;<l. per lb. : lambs, light, I2d. to 12 |d. per lb.: lambs, heavy, lid. to 12(1. ]>er lb. : lambs, new sear son’s, 13d. to 13?.d. per lb.: ox hinds, 4i{d. to s<l. per lb. : ox fores, 41d. to ■Ud. ner lb.: cow hinds, 4d. to 41d. por lb.; cow fores, 4d. to 4RI. per lb.