HOME MARKETS

New Zealand Times, Volume L, Issue 11437, 6 February 1923, Page 2

HOME MARKETS

LONDON PRODUCE. Tho Bank of New Zealand, Produce Department, has received the following advice from its London office under date 2nd inst. Butter.—Slow; 196 s per cwt. Cheese.—Quiet; white, 1265, 128 s pel cwt; coloured, 1265, 130 s per cwt. Frozen Meat.—There is litlle demand for mutton. There is a fair demand for lamb. Beef market steady, no material change expected meantime. "Wethers, light, 9d, 9id per lb; wethers, heavy, Sid, ftjd per lb; owes, 7d, 7Jd: lambs, light. 12tl, 12Jd per lb; lambs, heavy, lid 12d noy lb; lambs new season’s, 13d, 13-Jd per lb; ox, hinds, 4(d, 5d per lb; ox, fores, 4jd, 4Jd per lb; cow, hinds, 4d, 4}d per lb; cow, fores, 4d, 4id per lb.

MEAT MARKET MARKET DEPRESSED. The Department of Agriculture has received a cable from the High Commissioner stating that the London meat market continues to be depressed owing to very unseasonable weather. Lamb is about tho same Jout New Zealand supplies are very small and cannot be quot-, ed. There is very little Now Zealand beef about, and the price is nominally unchanged. Quotations are:— New Zealand Beef.—February 3rd: Fores 4Jd hinds 4ld. Jtffraarv 27th: Fores -lid, hinds 4Jn. January 29th : Fores 4-id, hinds 4Jd\ Chilled Beef : February 3rd : Fores 4rjd, hinds sid January 27th: Fores 4ld-sd. hinds sj(l-6rl. January 20th : Fores sd, hinds 6d. HIGH COMMISSIONER’S CABLE. The High Commissioner report® on the London markets as follows to the Department of Agriculture:— Hemp.—Manila market quiet, but steady. "J” grade, January-Marcbship-ments, sold at .£34 15s per ton; Febru-nry-April shipments £35. "G” grade, January-Marcli shipments, sold Sown to £36 10s. New Zealand are steady and quotations nominally unchanged. Secondhand sellers are asking £BO 15e per ton for fair grade January-Marcb shipments. Peas.—The demand is limited. New Zealand spot is celling slowly at 76s ta 80s per 5041 b, according to quality. Japanese new crop reported, heavy. Maple spot values are 100 s to lbss. Sellers at eecond-bandi are asking Sss for MarchApril shipments, but no busines* is reported. Beans. —Slow trade. Chinese Noveni-ber-December shipments are quoted at 229 s per ton. English new winter 180 s, spring up to 320 s AVool.—Sales continue with strong demand from Home trade and good support from America. Crossbred Is selling freely at opening rates: medium is now 20 per cent, dearer. Merino prices are somewhat irregular owing to inactive Continental buying Fruit-—lmported apples are little better particularly red sorts. Stocks <>t American and. Canadian are still henvy, but prospective arrivals are smaller. Oregon and British Columbia Jonathans are quoted at 10s to 12s case; Oregon and "British Columbia Spitzenburg, lla to 13s per case; Oregon and Californian Newton lie to 14a per case. Pears—Californian Nelis, 20s fn 235. Larger arrivals of South African are expected next week. HEMP AND TOW EXPERTS FOR JANUARY. From the chief hemp grader (Mr W. Petri"), Department of Agriculture, comes a return showing the quantities of. hemp. tow. an stripper slips graded" at the ports of the Dominion during tho month of January, 1923: HEMP. The total number of hales graded was 5103, as compared with 5473 for the corresponding month of last year, a decrease of 370 bales. For the twelve months ending Jannarv 31st, 1923, the number of bales graded was 60,117, as compared with 59,666 for the previous twelve months, an increase of 461 bales. TOAV. During the month 1441 bales of tow were graded, as compnred with 1209 for tlio same month .last year, an increase of 232 halos. For the twelve months ending January 81st, 1923, the number of bales graded was 13.457, n.s compared with 12,895 for the previous twelve months, an i acre aso of 2562 bales. STRIPPER SLIPS. During fho month here were ,14 bales

of stripper slips graded, as compared with nil for the corresponding month last year. For tho twelve months ending January 31st, 1923, the number of bales graded was 86. as compared with 1283 for the previous twelve months, a decrease of 1186 bales.