LONDON MARKETS

New Zealand Mail, Issue 1831, 10 April 1907, Page 34

LONDON MARKETS

HIGH COMMISSIONER’S REPORT!

The Department of Industries and Commerce has received the following cable message from the .High Commissioner, dated London, April 6th:— The mutton market is weak, with a very moderate demand. There is a scarcity of prime quality. The average price to-day for Canterbury mutton is 3gd per Id ■ ■> r t.h island per lb; Aaistralian mutton is quoted at 3§d per lb, River Plate at 3|d. The lamb market is quiet, stock being heavy, and a large supply is expected. The average prioe to-day for New Zealand lamb, Canterbury brand, is s|d per lb; for brands other than Canterbury 4£d per lb. There is a scarcity of heavy weights. There is a better demand for beef, the average prioe for hindquarters of New Zealand beef being 3|d per lb, fores 2|d per lb. The butter market is dull except for best quality. Some holders of' blitter are forcing sales, and buyers are holding back expecting prioes to go lower. The average price of choicest New Zealand butter to-day is 99s per cwt, Victorian 975, Danish 105 s, Siberian 935. The cheese market is slightly weaker, with less demand, at 63s pea' cwt. The hemp market is very, quiet, owing to large shipments arriving from Manila. The market is speculative. The price of New Zealand hemp, good fair grade, on spot, is £35 per ton; April to June shipments, £34 10s per tonV Manila hemp, fair current grade, on spot, £3B per ton. New Zealand hemp in stock, 399 tons. The cocksfoot seed market is firm, there being light stocks on hand. Buyers have been offering for seed more freely. Seventeen lb bright dressed sood, 53s per cwt.