LONDON MARKETS.

Feilding Star, Volume XVI, Issue 4011, 10 June 1920, Page 5

LONDON MARKETS.

"HIGH COMMISSIONER'S CABLED REPORT. . The Department of Agriculture lias received the following cablegrams, dated June 2 and June 5 respectively, from the High Commissioner for New Zealand, London: ■' — Thirteenth series Government wool sales commenced oh Monday afternoon. Fair attendance buyers, but competition hesitating; (mutilated word) unsatisfactory demand, it has been decided to restrict length this series tto fortnight. ...Compared, with closing rates last series, prices lower: Merinos 15 to 20 per cent; medium 5 per cent, coarse, not represented. So far 150,000 bales shown r wools available for series, 24,500 of which are New Zealand.

Butter.—No change in price for Government butter, English butter plen : tiful and selling steadily at average pdice of 2s 10d per lb. Irish supplies increasing and demand is good; creamery £14 18s 8d per cwt. Cheese.—Supplies increasing, with fai rinquiry for English at Is 7d, Is 9d. Canadian market is easier; current quotations, c.i.f., £8 Is, £8 3s, but price is considered, too high for trade for large buying. New'Zealand'-stock, June 4, 2083 crates, as against 43,126 at* this time last year. Wool Sales. — Crossbreds selling slowly. Government limit is 'tooTiigh in many cases for New Zealand crossbreds, and large proportion withdrawn as buyers can purchase similar description frqe Argentine at relatively lower prices. Honey. — Demand is improving. Prices firmer at this week's public sale. New Zealand sold B grade 95s per cwt., C grade 85s. Hemp.—Manila market dull and declining. J. "grade, February-April to April-June shipments now quoted at £61; July-September shipment . sold £64 ss. New Zealand , market dull. No change in prices except high points spot, now quoted at £58.