LONDON MARKETS

New Zealand Times, Volume XXIX, Issue 6178, 9 April 1907, Page 3

LONDON MARKETS

HIGiH 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 3£d per li 'b island per lb; Australian mutton is quoted at3|d per lb, River Plate at 3£d. The lamb market is quiet, stock being heavy, and a largo supply is expected. The average price to-day for New Zealand lamb, Canterbury brand, is 5Jd per lb; for brands other than Canterbury/4|d per lb. There is a scarcity of heavy weights. There is a hotter demand for beef, the average price for hindquarters of New Zealand beef being 31d per lb, fores 2Jd per lb. Tho butter market is dull except for best quality. Some holders of butter are forcing sales, and buyers are holding back expecting prices 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 chocso market is slightly weaker. with less demand, at 63s per cwt. Tho hemp market is very quiet, owing to largo shipments arriving from Manila. Tho market is speculative. The price of New Zealand hemp, good fair grade, oa spot, is £3-5 per ton; April to June shipments, £34 10s per ton. Manila, hemf), fair current grade, on spot, £33 per -ton. New Zealand hemp in stock, 399 tons. Tho cocksfoot seed market is firm, there being light stocks on hand. Buyers hare been offering for seed more freely. Seventeen lb bright dressed seed, 53s per cwt.