LONDON MARKETS. FROZEN MEATS.

North Otago Times, Volume XXXVII, Issue 8079, 18 September 1894, Page 4

LONDON MARKETS. FROZEN MEATS.

The New Zealand Loan and Mercantile Agency Company repot fc under dftto Anguito 11th, m follows : , The we»thor daring the past fonr weeks hnU been generally a&fovorablo for the meat trade, having boon un-' eatbled and at timed warm and sultry. Supplies of Homered meat havo been moderate and values, ' notably (or prlrao quallUos of mnb'bon, bare been. #eU maintained, With the tormina, tion of the American railway strike trluoo of American beef and cattle collapsed, while the temporary onrbailmonb of supplies was dieooanted by the target quantities which had boon bold for em ozpeobed riao, and tho foot that mtioh of the chilled was ont of condition, tended further to depress the market. Fresh arrivals of Now Zealand uouftton have aggregated about 125,000 caroaeeti, and owing to tbo congested state of the etores the dlsoharge of veeaola has oontlnuod r to bo very eerioaa/y delayod, and the Hlderello and Doke of Wostmioober have been ■ utilised no otore ehlpo, la consequence of the heavy supplied end the laok of storage aeoomraodation sales of Now Zealand mutton havo been somowhßt undnly pressed, aad prices ahow a marked decline on those quoted & month ago, notwithstanding the compnrabivo ehorbneea and relative dournosa of the Homo-k Hed deaoriptlooQ. llhol 1 ho demand baa nob been stimulated by tho lower priopf, and lat^6rly It b»o boon advoreoly affected by tho iudidencj of the holiday eeefeon; Prime Canter* bury has on one 01 two occasions shown B firtiaor tendenoy, bub linos have been Ooorod at as low an Z'^l per lb, while average, more o^peolully inferior grades, have, suffered severely from tbo low valuo and c mparativcly good quality of tho Australian and River Plate mUtton marketed. Stocks of Australian mvi ton are still heavy, with a clow demand, and bho competition received from Bivor Plato prices have 'receded from |r| to \\ per lb, Supplioe of Now Zoolaad lumb havo not been 'exoG&sivo, and valued though flhow'msju doolino of abjub \& per lb on tho monbb havo on tbo whole beon fairly steady, •od cloeo with » firmer toncleDcy. In oonsrquoDCO of the full in tho value of Ameriodio beef alluded bo above, tjnletj of frosnn at Smithfiuld wore more or low nominal, and litbio or no improvement has eioce been rottoifeeted, whtlo latterly bat Utblo buoinoae has been done in tbo Provinces. In sympathy with' American, values vapidly recedud to about l^J, aod from 2^d ba'2/J'.l forforee and hiod respectively, und eotuc has been marketed at abou« l& par lb hm money,whilo bind- ■ quarters of oow beof havo oold'aomowhat freely at ' 2d ' per lh. Stocks are fltill very heavy aud bbo prospooba of material improvement aro rotaobe, though at Oho dodo tuo mttrkeb for chilled is firaior. Tcudo in tho Piovinoeo his bom CjtttOt.