PRODUCE NOTES

New Zealand Times, Volume XXXIII, Issue 7851, 13 July 1911, Page 8

PRODUCE NOTES

FROM OUR SPECIAL CORRESPONDENT LONDON, May 26. WOOL. There was a large assemblage of buyers at tile opening ot the third series of London sales on the 9th. inst. Competition on the part o£ the Home and Continental sections was general and active, values for merino and fine and medium crossbred ruling very firm, while coarse grades of the ,la.tier marked an appreciation of 6 per cent During the following ten nays the position showed no material change, but with the satisfaction of more pressing requirements, the bidding showed considerable irregularity, and the advance established on coarse cross-bred was not main-

tainevl. while medium and fine grades a* well as medium, inferior and faulty scoured merlnj also ruled weaker. V A better tone, however, was manifest at last Friday’s eaie. values for crossbred ruling distinctly firmer. ‘ A few purchases have been nm<io lor America, but operators for mat quarter have for the most part held aloof. To date 179,000 bales have been offered, of which about 158,000 bales have been sold, and the- series terminated to-day.. FROZEN MEAT.

Since the date of my last notes, partly owing to the seasonable weather conditions prevailing, considerable improvement tort been manifest in the demand for, both mutton and lamb, i»nd this, coincident with the fact that for the time being the arrivals from Now Zealand have been less heavy, has exercised a strengthening effect upon the market. Values have marked an advance of j*d to id and id to id per lb in the case of mutton and lamb respectively. and at the moment the position 73 WfcU jmuntamed, but with the considerable supplies now arriving and to arrive during the next tow weeks, it is doubtful if further material improvement can be looked for. until stocks have been considerably reduced While there has boon a fn-ir demand lor South American, chilled beef the large supplies offering have proved much in excess of requirements, with the resale that very low prices have oeen accepted . , There has been hale business passing m New Zealand, with values tending in buyers' favour. _ Currbnt Smiihfleld rates:—Canterbury sheep. 3id to 4d; North island sheep 2id to 3*d; Australian sheep, 2Jd to 3gd; River Plat'- sheep. 25d to 3id; Now Zealand ewea, 23'd to ; Australian ewes 2£d to 2gd; Canterbury lamb. Aid to A£d; Canterbury lamb (seconds). 4id to 4gd; North Island lamb. Ad to 44d; Australian lamb, 33d to 4a ; River Plate lamb. 3sd to 4d; River Plato chilled beef (hinds), 3d to Aid; River Plato tores, 26d to 2gd; River Plate frozen beef (hind's!. -3id to s£d; River PLate forcs. 2i-l to 23d: Australian frozen beef (hinds), 34d to 33d; Australian fores 2fed to 2gd; New Zealand beef, hinds 33d to 4d; New Zealand Torcd. 2id to 2|d. * TAULOW*.

There have been four public anctiona since my last advice, and at these there has been a fair demand, with prices tending in buyers' favour, and values must be quoted fully Is per cwt lower, beef tallow meeting the least inquiries. The chief demand has been for covering “bear sales, tbe ordinary business, as is usual at this time of year, being very quiet. Homo melt is in fair euppiy, and with plent lui offers from North America, one can hardly look for much improvement in the near future. . * , In Australasian for- arrival only a moderate business has been passing, oners being few and far between. Good mixed has sold at 31s to 3d. hard fair colour mutton at 345, no co our mixed at 2fe 6d per cwt c.i.f. The K.Z.L: and. 31. quote on the spot: Finest mutton, 35s to 35s fid per cwt; fair to good, 3cr fid t0.34s fid: edible beef, 35s to soe fid; £aar to good, 32a to 32s fid.

GRAIN. A very fair business has been passing it •wheat, and with a largo Continental demand and bad reports from South Russia prices improved. Towards the close, however, favourab'o crop news has boon received from Russia, whilst the demand for the Continent has subsided and the market is quiet with a downward tendency. In Australasian for arrival , a fair business has been done, bat to-day .distant positions are neglected buyers confining themselves to near at hand cargoes and parcels. A cargo of Victorian, par Queen Margaret, arrived, sold recently at 35s 6d per 4301 b o.i.f. Parcels of >ew Zealand wheat on passage have sold, at 333 6d to 33s 9d per 4801 b c.i.f.,- whilst■ JfayJune shipment Is being offered at er.ghuy more money, but without buyers at the price. Oats have mot a quiet trade at about late rates. Beans are in small supply, and prices favour sellers. Largo quantities of New Zealand peas have arrived, but arc slow of sale. Current values:—Australian wheat 56s 6d to _o7s per 49611 j New Zealand wheat (long-berried) 33« 6d to 34s per 4951 b, New Zealand wheat Zealand barley, none offering. -W Z«u land oats (sparrowbills) l£e 6d to ZQs td per 3201 b New Zealand oats (Danish) 16a 6d to ISs per 3201 b. beans (f-a.q.) 34s 6d to 35s 6d per 5Q41&, maple peas (first quality) 41s to 42a per 5041 b. maple peas (second quality) 38s to sft? per 5041 b, maple pea* (third quality) about 34-3 per 5041 b. COCKSFOOT. The sowing season having come to an end. nothing is being done in this article at the moment. v'rrv Htt’e stock is being carried forward, and no sales of new crop* hare yet been made. NEW ZEALAND HEMP.

During the period under rev ; ew prices have fluctuated somewhat, but the market closes with a fair demand at about ICs per ton advance. Current values are as follows: —Good fair snot £2O ss(nom.), MayJtxly £2O 10a to £2O 15>s, fair «pot £l9 10* (nom.). ifay-July .€l9 15s, fair current Manila £l9 10b per ton o.i.f.

Tow is In good demand, but the Dominion offers sparingly. Current quotations; No. I. at-£l3 103. per ton.-c.Lf.