LONDON PRODUCE NOTES

New Zealand Times, Volume XXXII, Issue 7019, 6 January 1910, Page 3

LONDON PRODUCE NOTES

EEOII OUE SPECIAL CORRESPONDENT. LONDON, November 26. WOOL. The sixth series of sales commenced on the 23rd, inst. There Was a large attendance of Home and Continental buyers, -while the United States of America was also well represented. Competition for all descriptions was spirited, and for the coarser grades of crossbred values as compared with preceding sales’ closing rates generally marked an appreciation of 5 per cent. For other descriptions of crossbred anti best greasy merino prices were unchanged, but medium wasty and inferior merino ruled about 5 per cent, cheaper. The sales since have been characterised by a firm tone, “and the catalogues have been well cleared. The quantity available for the series, including -1000 bales old stock, is 93,500 bales, and as at present arranged the sales will terminate on December 2nd. COCKSFOOT. There has bceij a quiet demand for some while p'ost, but with stocks within small compass and little offering sales have advanced 2s Cd per cwt. A good many orders have been placed with America, but prices there have now advanced, so that it is anticipated time Values will remain firm, and consignments shipped promptly will probably arrive to meet a very good market; 17m seed is worth to-day 7CVj 6d, and ICIb seed 69s per cwt. c.i.f. NEW ZEALAND HEMP. There was a quiet demand at the commencement of the period under review, but later a good inquiry ensued at gradually increasing prices. A large business has been done recently, tod the market closes firm, at about 30s per ton advance. The N.Z.L. and M. quote good fair spot at £25 15s (nom), OotoberDecember .£2B 10s, January-March £2B, fair spot .£27 15s (nom), October-Decem-ber £27 10s, January-March £27, and fair current Mtoila at £27 per ton c.i.f. Tow is now in good demand at £ll to £ll 5s per ton c.i.f. for No. 2 grade. TALLOW. There havo been four public auctions in tho last three weeks. The good demand mentioned in my last notes continued for some lime, but latterly th inquiry has fallen off somewhat, and at the sales yesterday there was U much quieter tone. Prices mark an appreciation of Is 6d per cwt for mutton, ard Is per cwt for beef, but to sell any quantity some concession would have to be made. A good business lias been done in Australasian for arrival, lend 32s per. cwt c.i.f. has been paid loi good mixed and for beef, and 33s tc 35s per cwt. c.i.f. for mutton. Finest mutton S6s to 87s, fair to good 34s f 455, edible beef 35s to 365, and fair to

good 33s to 31s per cwt are fair current quotations. FROZEN MEAT. Since my last advices the market for •all descriptions of frozen mutton anti lamb has been weak, the demand having been extremely slow. In order to make headway with sales holders have found it necessary to materially reduce prices; values showing a decline of Id to - per lb. Heavy supplies of Home kilic. and Dutch have “again been marketed, tor which low rates have been accepted. Chilled beef has recently been in smaller supply, and accordingly it has been possible to make more money. It was generally thought that frozen ionwould have participated in the improve'Tvv I>u *to the large quantity Of -ttiver Plato frozen, which has been placed on the market by the American meat companies this has not been the case, and latterly, with a poor demand, prices have declined, Current Smithfield rates are aa- folw i-i , bllry mutton 3|d to Hd, North Island mutton 3Jd to 4cl, AustraIran mutton3-jd to 3Jd, ew-es 3Jd t o£j’ 1 4 * d Canterbury lamb X *2. A * d > North Island lamb 3 S M to l at a P l * 1 lamb -ltd to sd, New Zealand beef, all weights, hinds 3d to 3Jd, 3d re tn^ d Is l 3 “ d e ; Australian beef, hinds pL to f 4 4 ' Bd > f oies -2|d to 3Jd; River £d b i? d3 3d to 33d, fores ■44 d to „ E 'iver Plate chilled, hinds lid to 4*d. fores 3Jd to 3|d per lb. GRAIN. A quiet tone has. chaVacterieed the wheat market, but during the past few oays there has been a very much better demand and prices have slightly imOwing to scarcity of white wheats New Zealand on the spot has appreciated considerably. In Austratton IT arrlvaJ there is little disposition at present to offer the new crop At the moment 38s Gel per 4801 b c.i.f. a v a - rgo of 801101 Australia for December shipment by sailer. A feu Siidnu -n aV6 l recenltly h«en sold for Loudon Deocmber-Januarv shipment bv Steamer at 38s 6d per 4801hs c.?f but more money is now being asked Oats are m fair demand at about late rates te pei TSIi aVe /°T ?- p in P ldce «bout os pel smib. Australian wheat 43s to 43s 6d per-4961b, Now Zealand wheat New gb ZoS* T \ Gd , to 41s per 4961 b, tl ?L h , e , at Jsbortberried) 40s to 40s bd pei 4961 b, New Zealand barto 32 1-i?T d ' lßlb ' New Zealand oats (Sparrowbills) 23s to 25s per 38ilb Now Zealand oats (D-uiish) X7s 6d to (L) /n 01bl *fZn Zealand beans (tag.; d9s to 40s per 5041 b.