LONDON MARKETS

Dominion, Volume 16, Issue 179, 17 April 1923, Page 3

LONDON MARKETS

HIGH COMMISSIONER’S CABLED REPORT BUTTER AND CHEESE WEAK

The Department of Agriculture has received the following cablegram, dated April 14, from the High Commissioner for New Zealand: — Meat. Market very depressed on account of continued heavy arrivals of chilled beef. New Zealand mutton very slow; no sale for ewes. Large supply of Australian and River Plate wethers available. New Zealand frozen beef not quoted. New Zealand Mutton. —49 to 561 b.: April 14, 8)d- 9d-; April 7,9 d. to 9RI. 65 to 721 b.: April 14, 6Jd. to 7d.; April 7,7 d-: March 29, 7|d. to 7jd. 73 to 801 b.: April 14. 54d.; April 7, 5Jd. to 6d. ; March 29, 6jd. to 7d. Australian and River Plat» wethers. 4?d. to 5Jd. per lb. New Zealand Lamb. —Best quality light-weight: April 14. ll'Jd. ; April 7. Is.: March 29, Is. Canterbury, second class: April 14. lid. Best North Island: April 14, lid. Ordinary North Island: April 14, lOd. ; April 7, lid.; March 29, lljd. New Zealand Beef.—Ox fores: April 14, not quoted ; April 7. 3sd.; March 29, 3?d. Hinds: April 14. not .quoted: April 7. 5d.”; March 29. sd. Chilled Beef, foros: April 14, 2d. to 2J6L: April 7, 2ld. to 2-Jd.; March 29. 3?d. Hinds: April 14. 4)d. to 5d.; April 7,4? d. to si|d.; March 29, 7d. Butter, Market weak with declining tendency. Present quotations are : — New Zealand.—Salted, finest: April 14, 170 s. to 1745.. up to 1765. per cwt. (Is. Gid, Is. 6ld to Is. 6Jd per lb.); April 7,170 s. to 1765. per cwt. (Is. 6ld. to Is. 6Jd. per lb.; March 29, 188 s. to 1925. per cwt. (Is. BJd. to Is. BJd. per lb.). TJnsalted: April 14, 180 s. to 182 s. per cwt. (Is. 71d. to Is. 7sd. per lb.), exceptional, 184 s. per cwt. (Is. 7|d. per lb.); April 7. 184 s. to 186 s. per cwt. (Is. 7«d. to Is. Bd. per lb); March 29, 1945. to ]96s. ner cwt. (Is. BJd. to Is. 9d. per lb.). Other qualities: April 14, 1665. to 168 s. per cwt, Is. 5Jd. to Is. 6d. per lb.). Australian. —Salted, finest: April 14, 1645. to 1665., up to 168 s. per cwt. (Is 5Jd., Is s?d. to Is. 6d. per lb) ; April 7, 1665. to 1725. per cwt. (Is. si|d. to Is. 61d. per lb.); March 29, 184 s. to 188 s. per cwt. (Is. 7Jd. to Is. B?,d. per lb). Unsaltcd: April 14, 1665. to 170 s. per cwt. (Is. s*2d. to Is. 6}d. per lb.) ; April 7,170 s. to 180 s. per cwt. (Is. 6Jd- to Is. 7Jd. per lb.); March, 29, 188 s. to 1925. per cwt. (Is. BJd. to Is. 81d. per lb.). Other qualities: April 14 (salted), 150 s. to 1625. per cwt. (Is. 4d. to Is. SRI. per lb.) salted), 1545. to 170 s. per cwt, (Is. 4)d. to Is. Gid. per lb.). Argentine.—April 14, 150 s. to 1645. per cwt. (Is. 4d. to Is. s)d. per lb.); April 7, 1565. to 170 s. per cwt. (Is. 4Jd- to Hl 61d. per lb.); March 29. 170 s. to 190 s. per cwt. (Is. GJd. to Is. BJd. per lb.). Danish.—April 14. 188 s. per cwt. (Is. Bid. per lb.); April-7, 182 s. to 186 s. per cwt. (Is. 7-Jd. to Is. Bd. per ]b.); March 29, 200 s. to ’2o2s. per cwt. (Is. 9id. to Is. 9!ld. per lb.). Cheese. Market weaker. New Zealand.—April 14, coloured, 128 s. to 1325. per cwt. (Is. 15d. to Is. 2d. per lb.), white, 1245. to 128 s. per cwt. (Is. lid. to Is. Ijd.. per lb.) ; April 7, coloured, 138 s. to 1445. per k cwt. (Is. 2Jd. to Is. 3sd. per lb.), white, 1365. to 138 s. per cwt. (Is. 2Jd. to Is. 2}d. per lb.) ; March 29, coloured, 148 s. to 150 s. per cwt. (Is. 3}d. to Is. 4d. per lb), white, 1445. to 1465. per cwt. (Is. 3Jd. per lb.). Australian. —April 14, coloured, 120 s. to 1245. per cwt. (Is. O-Jd. to Is. lid. per lb.), white, 120 s. to 1225. per cwt. (Is. OJd. to Is. Id. per lb.) ; April 7, coloured, 132 s to 140 s. per cwt. (Is. 2id. to Is. 3d. per lb.), white, 1325. to )345. per cwt. (Is. 2id. per ]b.) ; March 29. coloured, 1425. to 1445. per cwt. Is. 31d. to Is. 3Jd. per lb.), white, 13Ss. to 1425. per cwt. (Is. 2Jd. to Is. 3Jd. Per lb ). , A shipment of New Zealand produce arrived this week, per s.s. Port Elliott. Shipments of Austral an produce from March 27 to March 30 comprise 4083 boxes butter and 769 crates cheese. Hemp. Manila market quiet .and prices have declined further. J grade. FebruaryApril shipments, sold at £34. G grade, April-June shipments, now quoted at £35 155., J grade £33 ss. value. New Zealand market continues' dull. Bids of £3l made for highpoints, Aprd.-May shipments, but no transactions reported. Wool. Bradford market influenced by active demand for raw material. Current prices for tops are: —64’s (merinos), ss. 3d.; 56’s (super halfbred), 3s.

lid.; 40’s prepared (coarse crossbred), Is. 4d. Fruit.

Fruit ex Remuera all landed during fliis week. Tho cond tion was very poor, apples being over-heated, and some pit now developing in. Cox’s Orange. The quality, packing, and get-up generally were, excellent, and had shipment arrived in good condition top prices would have been realised, although there are large quantities of Australian and Tasmanian, and also a few American apples in the market. Australian generally immature, and good proportion pitted. Average prices are Bs. to 12s. per case. New Zealand apples realised: Cox’s Orange, Bs. to 12s. per case, best condition, 18s. to 245,; Dunn’s Favourite, 9s. to 125.; Jonathan, somewhat immature, ss. to 125., best, 14s. to 165.; Worcester Pearmain and Ribston Pippin, ss. to Bs.: Ribston Pippin, best, 12s. to 14-s.; King David, 9s. to 10s. OTHER ADVICES The National Dairy Association, Ltd., have ' received the following cablegram from their London Office, dated April 13: —“Exchange report shows New Zealand butter, salted, 171 s. to 1745,; unsaltcd butter, 180 s, to 1825.; Australian, salted, 1645. to 1665.; Argentine, salted, 150 s. to 1645.; Danish, salted, 188 s. Cheese, coloured, 128 s. to 1325.; white, 1245. to 128 s. To-day’s prices are: New Zealand butter, 1665. to 168 s. ; Cheese, 1225. to 1265. Butter market weak and declining ; expect lower prices for cheese.” The Bank of New Zealand, produce department, has 1 received the following advice from its London office, under date April 13 : — “Butter: Weak; 170 s. per cwt. Cheese: Weak; white, 1245. to 1265. per cwt.; coloured, 128 s. to 130 s. per cwt. Frozen meat: Mutton market easier. Lambs in little better demand. Beef unchanged, market bw of stocks. Wethers, light, Bd. to 9d. per lb., heavy, 5Jd. to 7d.; ewes, sd. to 6jd.; lambs, lljd. to 12d., seconds, lOd. to lid.” Messrs. Dalget-y and Co., Limited, have received the following information by cable from their London office, under'date April 13: —“Butter and cheese market weak. Since our report of April 12 butter prices are lower by 2s. (New Zealand salted now 170 s.); cheese 4s. lower (New Zealand white now 1245.; coloured 1285.).”