LONDON MARKETS.

North Otago Times, Volume XXXVII, Issue 8125, 5 March 1895, Page 4

LONDON MARKETS.

The New Zetland Loan and Mercantile Agency Oompmy rep tt under d*t© January 26bh, ai follows:

MEAT MARKET, Frozen Meats. — The cold weabhor experienced ab tho commonceraenb of tb.3 year bad a baneGoial effecb upon the trade generally, bub ib was also parbly responsible for an increase in the supplies of dead meat which came forward in excess of requirements and the advance which had taken place in the value of freah killed was conse< quenbly losb. The mubbon market if firmer ab close. The Port Stephens has arrived with 1G live sheep fronc Adelaide, four having died on the voyage. New Zealand Mubbon. — Arrivali have been rather heavy and stocks ie London are still very large. A fait trade' was done during the tirsb wool of bhe year, bub before bhe coU weabber broke up bhe demand hae again fallen off, tbe rebail trade beinj yery slow, bubobers, encouraged bj bhe low temperaburo, having purchasec beyond their requirement. With i return to mild, damp weather tin market weakened, and prices for bea grades close ab aboub tbe same level a thab ruling a month ago or fully Jc per lb lower than bhe highest pom reached. The sale of several ship menta which have been id ttore fo some months, which have burned on off color has had a depressing efleo upon value?. Inferior description Rut bad by bbc improved value o Australian, have advanced aboub J< per lb. New Zealand Lamb. — Theie is ver; litble enquiry, bub choics caresses an worth aboub s£d per lb. Australian Mutton. — Fresh arrival have been light, and stocks hare beei much reduced. The upward move ment advised in our last reporb cnlmin ated in a rise of j*d to £d per lb dur ing the first week of the period unde review, since which time quotation have remained fairly steady, thougl the higher prices, have oonsiderabl; curtailed the demand, and a reducbioi of aboub £d per lb has taken plac during tbe past week. Tbe quality o the mubton marketed has been ver] satisfactory, bub some of the heav; • Victorian crossbreds have been foun to be affeoted by " bone-itink." Australian Lamb. — Some of th " carcases offered have been of very goo< quality, though a considerable numbe have been very thin and plain Quotations have ruled from 4d bo 5( per lb. Australian Beef. — With reducec supplies and high prc9B of Americai chilled beef, a sharp advance in thi value of frozen took place, quotation reaching 3|d and 4^d per lb for forei and hinds respectively. With mild damp weather, however, America hm fallen, and sites of frozen have beor slow at from 3d to 3]d and 4d to 41c per lb for fores and hinds respectively very little, however, having been sole ab the higher price?. Stocks of frozor are barely snfficienb bo iasb until tin arrival of tbe Duke of Devonshire ant with moderately favorable conditions higher prices should eventuate. Trade in the Provinces has been quiet ab rates, for the mosb part, fully equivalenb bo those ruling ab Smith., field. Stocks of River Plate sheep at Liverpool are light and quotations are fully Jd per lb higher than in London. To-day's London quotations are a s follows :

The National Mortgage and Agency Company reports under date London, January 25th, as follows : w heat. Frost and snow during the first fortnighb of the year were followed by a regular thaw, and a week of abnormally mild weather, which has again given place to a fresh attack of winter. Rain and melted snow have swollen the streams, and extensive floods are reported from the low-lyinj; districts. The farmers are hampered in their field-work by the wet state of the land, but the autumn sown crops are looking we'l. The publication of light stocks of ■whe*t in the United Kingdom at the beginning of the year, together with reports of damage to the Argentine and Australian crops, imparted some confidence into the trade, and led to Bomo speculative buying, which advanced prices Gd to Is per quarter. With milder weather, however, a reaction set in, a large increase in the quantity on passage and a fall in American prices, helped the decline, and duriog the past ten days we have 'had dull and falling markets, the previous improvement in prices being more than lost. Californian cargoes have been dealt in ab 25s to 24s 9d per 5001b, off coast, but there are sellers for prompt shipment at 24s 6d and 24s 3d. Australian. — . Two small cargoes have boon sold off Coast ab 25s Hd and 25i 6d per 4801b, but these are fancy prices, which iriust be ascribed to monetary scarcity ab special ports. Some parcels arrived in London from Melbourne changed hands ab 24sr 9d per 4801b, 0.i.f., bub similar wheat on passage i« offered afa, 23a 6d, Fo^.2oaUud fuppltai art QQW IQld

oub, and in the nbaonce of frosh arrivals our auotations are quite nominnl Feeding atuff3 find a very slow sale, and New Zealand oats from the Bluff are difficult to move even ato a decline of Is 6d per quarter Tho linporinl average price of Rrifciah wheat for the past four weeks is given as 20a sd, 20s id, 20s B<l and 20s 8d per quarter respectively.

rev 4uuu>s. 8. (1. S. d. Australian Wlio.it ... 26 0 „ 20 6 New Zealand Wheat — Long-ben icd ... nom. 2"5 0,, 20 0 Sliort-borriod 2t 0 „ 25 0 per 2801bs (gross) Australian Flour— Snpcrlino 15 0 „ 16 0 Patent nom. 17 0 „ IS 0 per 4181b*. Now Zealand Barley — No. 1 nom. 35 0 „ 40 0 No. 2 , 25 0., 30 0 per 38 libs. New "Zealand Oats— (Fine) Heavy 24 0 „ 25 0 Ordinary 20 0 „ 22 0 per 5041b5. New Zealand Beans — New 30 0 „ 31 6 New Zealand Peas — Average Dun. 23 G „ 24 6 Wrinkle nom. 35 0 „ 40 0 , per 1121bs nctt. N.Z. CocksfootFine norn 60 0 „ 75 0 Ordinary „ 43 0,, 55 0

Wo quote present prices, ex granary, as follow, viz. :

Per t. of 811*. 8. tl. fa. (1. Prime Scotch mutton (wethers) 4 10 to 3 2 Piime English Mutton (wothcis) 4 G „ 4 10 English mutton (ewes) .., 3 8,, I 2 Continental mutton 4 0 „ 4 4 Prime Scotch beef (sides) .„ 3 8,, 3 10 Prime English beef (sides) ... 36,, 3 8 Foreign beef (aides) Towntilled 3 4 „ 3 G Prime selected New Zealand mutton 2 6 „ 2 8 Average New Zealand mutton 2 4 „ 2 5 Inferior New Zealand mut« „„. ton 2 1 „ 2 2 Victorian mutton (merino) .. 2 2 — Victorim Mutton (x-bred) 2 2 „ 2 3 New South Wales mutton (merim) 2 2 „ New South Wales mutton (x-bred) 2 2 „ 2 3 Queensland mutton(x-bred) „ — River Plate mutton — „ 2 2 Prime New Zealand lamb ... — „3 8 Prune Australian lamb ... 210 „ 3 4 Queensland beef (hindquar-tei-3) 2 8 „ 2 10 Queensland beef (iorcquarters) 2 5 „ 2 6