LONDON MARKETS

Dominion, Volume 16, Issue 162, 27 March 1923, Page 11

LONDON MARKETS

HIGH COMMISSIONER’S CABLED REPORT BUTTER AND CHEESE QUIET . Tho Department of Agriculture has received the following cablegram, dated March 24, from the High Coinmicsioner for New Zealand, London:— Meat. New Zealand mutton meets very limited, dem:v I, market being chiefly for Australian and Argentine. Lamb market quiet. Chilled boef, lighter supplies. Frozen beef, small supply and quotations nominal. New .Zealand Mutton. —Under 641 b. : March 24, BJd. to 9Jd.; March 17, 9d.; March 10, BJd. to 9|d. 641 b. to 721 b.: March 24, 7-Jd. to 7Jd.; March 17, 7}d.; March \lO, Bd. Over 7?ib.; March 24, 6Jd. to 7d.; March 17, 7d. Ewes: March 24, 6d. to CJd. Australian and Argentine Mutton. — Light-weight: March 24. 6d. to 7d. Hq&vy-weight and second-class: 24, 53d. to 6d. Ewes: March 24, sd. to 5Jd. New Zealand Lamb.—Best quality: March 24, Is. OJd.; March 17, Is. ORI. to Is. OJd.; March, 10, Is. OJd. Second class: March 24, lljd. North Island, ordinary: March 24, Ujd. ; March 17, llfd.; March 10, Is. Second ejass: March 24, 10|d. Australian Lamb. —Best quality: March 24, 10-fd. Second class: March 24, BJd. New Zealand Beef.—Ox fores: March 24, 3 3-Bd.; March 17, B|d.: March 10, 3|d. Ox hinds: March 24, 5d.; March 17, 5d.; March 10, sd. Chilled Beef.—Fores: March 04. 3 5-Bd.; March 17, 3?d.; March 10, 3ld. Hinds: March 24, 6 5-Bd.; March 17, 6Jd.; March 10, 5Jd. Butter. Market quiet and irregular durirlg this week,. but now showing improvement. .New Zealand.—Salted, finest: March 24, 190 s. to 1965. per cwt. (Is. BJd. to Is. 9d. per lb.); March 17, 2045. to 208 s. per cwt. (Is. 9Jd. to la. lOjd. per J|b.); March 10, 2<}ss. to 210 s. per cwt. (Is. 9Jd. to Is. 10|dr per lb.). Unsalted: March 24, 198 s. to 200 s. per cwt. (Is. 9jd. to Is. 9}d, per lb.) ; March 17, 208 b. to 210 s. per owt. (Is. 10}d. to Is. IOJd. per lb.); March 10, 210 s. to 2125. per cwt. (Is. 10jd. to Is. ,10Jd. per lb.). Other qualities: March 24, 186 s. to 188 s. per cwt. (Is. Bd. to Is. BJd. per lb.). Australian. —Salted, finest: March 24, 186 s. to 190 s. per cwt. (Is- Bd. to Is. 81d. per lb.); exceptional, 1925. per cwt, (Is. BJd. per 1b.).; March 17, 198 s. to 2025. per cwt. (Is. 9RL to Is. 9Jd. per lb.); March 10, 200 s. to 2045. per cwt. (Is. 9Ad. to Is. 9-Jd. pßr lb.). Unsalted: March 24, 188 s. to 1945. par cwt. (Is. B}d- to Is. Bsd. per lb.); March 17, 200 s. to 2045. per cwt.' (Is. 9Jd. to Is. 9Jd. per lb.); March 10, 2tl2s. to 2065. per cwt. (Is. 9Jd. to Is. lOd. per lb.). Other qualities: March. 24, 1745. to 186 s. per cwt. (Is. 6Jd. to Is. Bd. per lb.). Argentine.—March 24, 174si to 190 s. per owt. (Is. 6£d. to Is. Bsd. per lb.) : March 17. 180 s. to 1965. per cwt. (1». 7Jd. to Is. 9d. per lb.); March 10. 184 s. to 1945. per cwt. (Is. 7sd. to Ib. Bfd- IX?' - ' lb-). Danish. —March 24, 2045. per cwt. (Is. 9|d. per lb.) ; March -17, 2125. to 2145. per owt. (Is. IOJd. per lb.): March 10, 210 s. to 016 b. per cwt. (Is. IOJd. to Ib. lid. per lb.). cneese. Market quiet but steady. Now Zealand. —Finest: March 24, coloured 148 s. to 150 s. per cwt. (Is 3Jd. to Is. 4d. per lb.), white 1465. to 148 s. per owt. (Is. B,Vd. to Is., 3Jd. per lb.) ; March 17, coloured 148 s. to 150 s. per cwt. (Is. SJd. to' Is. 4d. per lb.), white 1465. to 148 s. per cwt. (Is. SJd. to Is. 35<L per lb.); March 10. coloured 1425. to 1445. per cwt. (Ib. SJd. to Is. Bld. per lb.), white 140 s. tc 1425. per cwt. (Is. 3d. to Is. 3RI. per lb.). Other, qualities: March 24, coloured 1465. per cwt. (Is. 3|d. per lb.), white 1445. to 1455. per cwt. (Is. 3ja. per lb.). A shipment of New Zealand produce arrived last week per s.s.. Carpentaria. Hemp. Manila market quiet ' and, prices somewhat weaker. “H” grade, spot, sold at £37; “G” grade, March-May shipments quoted at £37; “J” grade, £35. New Zealand demand falling off except for inferior. It is reported that fair grade is offered in America at £3l 10s. for March-May shipments. Wed. Sale closed March 23. Attendance was good throughout. Home demand, which was indifferent at the beginning, improved towards close. Continental demand keen and showing increasing interest in crossbred. America bought suitable lots freely. Confidence steadily improved and better tone noticeable at tho close. Merino and, fine crossbred’finished at par to 5 per'cent. lower thhn January rates.. Coarse and medium crossbred, which earlier were 10 per cent, loxver, have recovered, closing medium crossbred about 71 por cent., coarse crossbred 5 per cent, cheaper. Average closing values: —. Superior 60-64’s (merino), nominally 2s. to 2s. 6d..; ordinary 60-64’s (merino), Is. 6d. to 2s. ; 56’s (super halfbred), Is. 9d. to 2s. Id.; 50’s (halfbred), Is. 3d. to Is. 6d.: 48’s (fine crossbred), Is. Id. to Is. 3d.; 44-46’s (medium crossbred), lid. to Is. 2d.; 3G-4O’s (coarse crossbred), B|d. to IOJd. Next series commence April 24. The B.A.W.R.A. sale at Liverpool on April 19 has-been cancelled.

Eggs. Market firmer. Irish, English, French, Dutch, Italian, Danish, 14s. to 195.; Chinese, Britanny, Stynan, 10s. to 13s. 6d. The Bank of New Zealand, produce department, has received the following advice from its London office, under date Marell 23 :— Butter. —Improved demand after slump; 1925. to 1965. per cwt. Cheese. —Slow. Coloured, 148 s. to 150 s. per cwt;.; white, 1465. ppr cwt Frozen Meat. —Wether market is dull owing absence of demand. Ewes have declineci slightly; demand at present very poor. Lamb market well su;>plied, but there is a little more demand. Beef unchanged. Wethers, light, B}d. to 9)d. per lb.; wethers, heavy, to 73d. per lb.-; ewes, GJd. to 7d. per lb. ; lambs, 115 d. to 12Jd. per lb.; lambs, seconds, 101 d to llja. P° r lb - . , , A cable message received by the Bank of Now- South Wales from its London office dated March 24, reads: Wool sales closed: very strong market. Medium and coarse crossbreds, par to 5 per cent., below January; fine wools, no change; - tendency of prices upward. Mutton:. Wethers. 64d., 91d.,; ewes, 5Jd., -7d. : market dull. 'Lamb, 10)d., 12R1.; slightly more demand. Beef: Market unchanged. Pork, Gid.. 7ld. ; market dull. Butter: Improving demand after slump; 1925., 1965. Cheese: Slow; coloured, 1485., 1505.; white, I WJs-