NEW ZEALAND PRODUCES LONDON.

New Zealand Herald, Volume XXXVI, Issue 11150, 24 August 1899, Page 6

NEW ZEALAND PRODUCES LONDON.

[FBOM OUR OWN CORRESPONDENT,] | London, July 11. WOOL. - : :0 Bt the London manager of the Ma Mortgage and Agency Company of Newfe, land, I am informed to-day that the tea series of wool sales of the current year, iS opened on the 27th lilt., will be brought close to-morrow. Since the opening, s? this report, competition has been Tell au. tained, and prices for merino wool at! fine crossbred, both greasy and scoured,!®!, improved as the sales progressed, and fe selections have been placed before,.!I'#'!1'#'! and may now be quoted at 7 J to 10 per < [ » above the closing rates of the Majlis Medium crossbred wool shows little tbii? but all coarse and shabby description!,! which I learn large supplies have been oJro are fully 7£ to 10 per cent, lower. ' PiecaS looks of the finer grades have been.!® exceptionally well, as have also lamW of good quality and condition. The Its trade has been the chief support of:," market, and there has beon very little fow if any, on American account. The neilf^ will begin on September 19. ;fg| Referring to the wool sales about to Messrs. Weddell note: —"Competition'" outset was exceedingly keen for merino principally on the part of the Home tw and resulted in a rise of about five per «=• as compared with the closing prices oijj May series. During the second week, w to Gorman support, prices further slrffis' encd to the extent of par to five P®®* and remained steady to the end, closnl* the full advanco established. French oj# tors maintained a more or loss reserved 0 tude all through the sales. Crossbred' 1 ' were in very largo supply, oomprisin? than 50 per ccnt. of tho offerings, a decidedly jrregular market.,. The *® grades ruled very strong, and brought # average five to 10 per cent. more t '? ll s time. Medium descriptions of $ also sold steadily at about May valtis coarse and mixed kinds were decidedly gular at a good 10 per cent., decline.,® finer grades of slipes, which wore chiefly l ® posed of short clothing and lambs, strong demand, and advanced from 10 M per cent, over May values. The grades,, however, in sympathy with 1®? wool, suffered a declino, but not ... same extent." NEW ZEALAND MEAT. In their report for this week's mail, H. S. Fitter say:—"Tho New ZeaW®J ton trade is just now exceedingly slow. ally for large and coarse sheep,"®?! the present time tho greater portion mutton is of this description, great d® is being found in selling sufficient tow pace with tho supply, without seriousl? l ing the price. The New Zealand continues good; stooks in hand are i«® and, although the quantities arriving'®'arrive are decidedly heavy for this.s®??, the year, we think, should not woakji Bj unless the market is unduly pressed. » lambs are beginning to get short, BDd* a , already had to turn away orders..for?; lambs." Messrs. Fitter's quotations Canterbury sheep, 3Jd to 4|d per Wia. lington, 2Jd to 3Jd pel lb; Cant® lambs, Sid to 5Jd per IM. down lambs, Sd to sid nor lb; WW 4|d to sid per lb. ' ffg, Regarding Now Zealand lamb, Weddel concur in tho opinion that the • of the season is now over, and say that j has been a notable reduotion ia.the u r , recently. Supplies, they think, are , > be plentiful in the near future, i.Wjj holders, fearing a break in prices, aW _'K to press sales unduly, with the l *®.« value 3 are Jd to id per lb down. terbury lambs are quoted by lies®', rf at sgtl to s|d, tho latter figure be»». i oult to obtain. Heavy lambs are slow and the top prioe is 5Jd per lh-; Ji New Zealand lambs show a to 5Jd per lb. At the close the weak. . Stooks of frozen beef in store are . .JjjS ably in excess of immediate _ Ji* 4980 quarters have been received Zealand within the past Weddel are pleased to be able the groat bulk of presentstocks ar >; , Jjjj lent quality and in good M .''J, this extent the position is great drawbaok to the frozen bee the - continued heavy su PP! IM ~0 „ i jii $ .chilled boat wliioh is still very , Sales of hindquarters havej

, .L. r more numerous during the fortnight, [ft forequarters are said to be still almost <t b ffeek the amount of business passing . the market for frozen rabbits is smaller • ? rci owing to ' he warm weather So ,lSn - the London trade is concerned, Messrs. US.! MV thai it never was quieter, even this time of the year. Damaged rabbits fo, '"| lr continue to bo an incubus upon "5 Sniine business, and until they am S id sound goods are sure to remain ali Unsalable. Large New Zealand rabbits oOi L,t 'down at 7Jd to BJd each. Damaged " e P f„ m d rabbits are selling at 6d to 6Jd Ijj7e-iui icu miscellaneous.

- •Rnth jjesßrg. Wecldal and the National ige and Ainncy Company of New ZeaI H report that the market for New Zeai 3 wheat remains without improvement, ■"•j. owing to the low price ot English ®J( Values, however, aro fairly well intained. The average price last week for Sfb-grown was £1 5s 7d per Imperial ripr or lis 3d per quarter lower than at JC sanie time last year. There is said to i Voir demand for Now Zealand oats, and ■1 ranee from £1 2s 6d to £1 3s foi ort!"L Bluff, and £1 3s 6d to £1 4s for '" ltl lour heavy samples. Dun oats are quoted l ft and £1 per 3361b, according to quality. V t Zealand beans meet with a limited doId at this time of the year. There is "thins doing with cocksfoot. For tallow a dull demand has been exsrienced since the last produce reports were fj an business line been of a " hand-to-th" character. But at the same time «!--« ffcddel point out that a firm feeling .vails and no weakness is displayed by the Elders'who are confident that the position norillv is strong enough to justify a sanmine view of the situation. The publio sales i;A took place on the 12th inst. are said have passed off flatly, only 210 casks find- • buyers out of 599 catalogues, " which, krever, were mostly of an unattractive '"hater"' Spot l llo^l ' 0113 1110 unchanged. Enactions oil c.i.f. terms have not been I™ the latest being 100 tons B.R. mut'. in 11l 6s per cwt. Shipments from the or.li- . during Juno are reported as 371 tons, "jM 4689 tons for the samo month la.-t ~ while for the six months of this year Wnts amount to 22,336 tons, cg.m.ft 01771 for the same period of 1898. hto< ks ■ Tonrlon warehouses have increased slightly Llw the past month, but the total ,s under iS casks at the end of Juno. The foil w•1 re Messrs. Wcddel's spot nuota'.'.iM fir Sir-Mutton: flood to finest, £I'js In Eft M: dull to fair. £1 & to £1 5. td; ,'irior £1 <s to £1 4s 6d. lor he-f : 0« al taSnset £1 4s 9(110 £1 5s 6d; '.o ,nu- £! ( 3 to £1 4s 6d; inferior, £1 3s to £1 h6d per cut-