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MEW ZEALAND PRODUCE IN LONDON.

: !..!XE'aOM..OTm.OwN.:,,CoBRB^POKDENT.)' .!.;:■■ ■ :£; ,J'J..^_ i;'^oJSiDo^.-^cmi|-to.'4>-, ' ':'$ !■.''■■ "'-'v, " i; wool. .'i-J; ■. ■:•;:'■• -.-!.. >■': : I:am informed on^good^authority, that during the" past"'week' there lias been some improvement in the tone of the ultimate markets owing to a more cheerful view being taken of the political situation. There has, however, been little, if, any, increase in actual business. There .have been only a few desultory inquiries for wool in. < tho,.Lon^p.,iparket,.gener|llx : ..spe?iking i without' 'results*'' "The" groSa' arrival's;'for ;'tKe "coming sales now total 57,699 bales, and of this quantity' New Zealand has contributed 11,GG7 bales, four thousand bales of New Zealand and Australian wool have been' forwarded direct to the manufacturing districts. .. NEW ZEALAND MEAT. " '..*" '. Business at Srnithfield for the past fortnight lias,,been quiet,-particularly as. regards Canter-: bury mutton1;; and Messrs W. lY.eddcl and -Co." writo to-day that arrivals for the two Sveeks hayo totalled 75,000 carcases. Owing to therebeing a small supply of secondary sheep I'op. offer, these have remained firm, but this fact is said to be more on account of scarcity than • the result of any improved demand; '; Canter^ bury sheep; liav.e ;been selling ,yer,y. slowly, .and; Values?are'in'Mined1, if anything, to be'-wfiaker.t Best, weights? are still ..quoted at 3Jd iq^3 3-8 d per IK;'hut tlie' latter price'is seldom' made, and can only be obtained for sheep of very prime duality. The general price for 481b to 641b Canterbury sheep is 3Sd per lb, and oven at this figure only small lots have been sold. 641b to 721b sheep can be quoted at 3 3-8 dto 3Jd per lb, holders having considerably advanced1 values owing to:tlie short supply of those weights^ Only!\a small .quantity of secondary aheep: 'is available, and consequently good prices VArs.^obtainable. Southlands and Dunedins pf' medium': weight are making 3Jd to 3 3-8 d per lb, sheep of really good quality selling readily at 8 3-Bd. The scarcity of heavyweights lias enabled holders to advance prices, and to-day's values Of: these;is," .3 ]>8d per, lb.: North Island sheep are in short supply, and Values have, improved until they are now ona par with Southlands'and Dunedins "at'3|d' to 3 3-Sd for the best weights and 3 l-8d per lb for heavies. Ewes and inferior sheep are higher in sympathy with til* better qualities, and may now be craoted at 2 7-8 dto 3d per lb." ] Messrs" Fitter report to the same effect, ana" jay: "The demand for New, Zealand mutton has not been good, but owing to the scarcity of t rgqpd-;'Ju*dsli#l. sp®,. the* .peculiar ieatureVof tlie trade "just now is,: the slight difference in *alue there isrbetween' Canterbury and .other classes of frozen, muttofc TH.e'fact tliat many of the Canterbury sheep now on sale are thin and pale also tends to lessen the demand." Messrs Fitter quote Canterbury (New Zealand) slieep:at Sjd'to SJd"'per Tb", Wellington sheep at 3d to 3*cT per lb. ■ Prom Messrs Wecldel I- hear,<that 5000 car"pases of New Zealand'lambs'have cotop to hand during the last fortnight. Small numbers of Canterbury lambs. contmtfe to be. used, and for these the prioes range''from 4Jd.to 5d per lb for the best down to 4id to 4Jd per lb for secondary qualities. Messrs Filter say that the New Zealand lamb trade is practically over, and there are now very few left for sale. " This yjill, no doubt, enable us to start well next season," is their comment. .; By this latter firm I am told that: a very few choice New Zealand hindquarters of frozen beef have realised 4d per lb. ':' In New Zealand mutton, so also the- C.C. and D. Company tell me, trade has been ,ve.ry "slow/-and they say .it is;long,since'tlie ofttjait' ■has been so limited as: during the" past two weeks; the estimated deliveries from New ,Zeaf> land are not much over half the amounts coSrSlnon a few months ago. " There has been a marked absence of,,demand, especially for..-the,, .higlier-priced 'grades), usually sft,,much more saleable,-while for'any sales made the1 approximation'" in values is MBticeable; tlie-most' favoured brands of Canterburys have-sold at 3Jd per lb, finding a:*cry! slow salfe." "Although 'demand eeeimv of 'the' lightest for New Zealand lamb, the (J.C. and.D. Company •remark that a fair number go into consumption every, week—" quite double, probably, what 'have ..been the "deliveries^^.in pravigiis, years." iPri'ces keep 'fairly' steady, and sales 'at 4Jd for -primest-aiid !4id>to 4|cl per lb for heavier) less', selling meat, have been made. " "'•■''■'''."..•.•'' ;■ Owing to'the HWmpbrai-y 'stfortage 'df'secojid-; class New Zealand mutton,'some holders' "of ;heavy Australian sheep Have been able tp,.efjecti "sales at advanced.rates, and as many were of really ■ good, qiiality, sales were easily made, 'j ' !'-' ;i '• ■-' ' VkiSCELL'ANEbUS; .'.'• ": ,-.' "•> 1 There is no New Zealand wheat on the 'market at. present.' That from-Art'stralia is Quoted at' advanced prices—namely, 32s Gd ,to ,33s.per ;4961b.,:: 'but ""demaiid ::is/;by'.n'o means active. Scanty offering'in most; of,the country markets has resulted ,in an . advance" of Is" to 2s per quarter on English .wheat ; The^^ayerage, price ( last week*;oP27s:lld:pdr imperial quarter marked!; an advance of lOd^rom theprevipus fortnight, ■but w'ai.Ss 63 pfer. quarter Ipiici that at the. same, iimo la^t year;' :: '•'"..; ;'; *. ' ' . -•"■'.-. ; For. New Zealand oats the market is firm, and ;though ..there.;are no availa,ble supplies, a shipment' per" s.s. Rakaia is expected to be landed in a few days. , , > , : Kew Zealand beanpiare'^ in, very, limited supply, arid values are nomjnallv Is per -quarter 'higher, at 32s to, 33a. p^r,^odlb. . > : TTie/New Zealand flax market is, very dull, so Messrs Weddel 'ana!Co.'-report,..and, there is only a 1 limited business.'passing. -Some .fine dressed Auckland, has been" sold at ;£23 per tqi.i >p spot- terms.,, 4 Mijnila .is,pgnsiderably .lowatjiat ;£26 to £27 per .tbnca.fi for fair current./ Bine;. Auckland is,.qiioted at ..-e23,t0 iE24,',.:tair Wellingtonat ,-£2 l- good' Lyttelton at ;; £23, common'.,at-, £'20,-and two ai£6Jo. l je7..per ton... ~. . : -..T. Stocksf of'-preserved beef,,and mutton have; been ' reduced considerably, and for both de-, scriptions the idemahd-has improved. Price 3, however, show no -.change, ,but.'.Messrs"\Veddel think they "look like hardening in- the near future.". New Zealand ' boiled, rabbits are quptfed at 6s ,to;6s Gd per dozen 21b flat tins:.;.-; Demand at the public. sales, for tallow has been.restricted, and,the market has been without activity during the .past fortnight. Still, a fair amount of business has been done .privately at steady rates.. Messrs Weddel report that at the auctions on.the 2nd inst. 1836 casks were offered, and only about:6so found buyers at late rates to 3d-per cwt -advance on-hard mutton ■ tallow. "The general position1-of :tho market' is unchanged, but there are indications of larger supplies of beef, which may cause some easing off in values from, the relatively high'price as compared with-mutton. Considerable transfactions .have, however, recently, taken place in>; beefT',for..;.shipment;,',and, 21s:;t'o;21!f''3a p"er.cwt 'has been obtained for November-December shipment .Good muttol mi.the river has.changed ,;hands at 21s Gd per cwt.c.i.f."-..'.'" -.•■;- !. j

i.For •labbitskins the; ; market continues firm,_ put there is nothing fresh to report. rNew Zen-* land good winter skins are quoted at 2s to 2s 2£d per lb, and summer and low.skins at 3s Oil ito ls;lld, and inferior and suckers at YJd.tb Is 5a per lb; against the following quotations'for Australian skins: —Good -winterJ skins, la' 6d to ls!>3d;per lb, and summer and low skins at Is 2d'tb" Is 7d pbr'-ns;'and inferior and suckers" at 13. to Is 3d per lb. ' ■- v^.-/' ■;■•. ' ■-- November-11. Wool.' ' .' : My informants in -the "■woollen market tell me ; to-day that although the ultimate markets are '• relieved from the fear of. an immediate political : crisis, the prolonged " uncertainty, of. the outlook still hampers enterprise,'with the result that business "in the manufacturing . districts ris of a strictly hand-to-mouth.'character: Consequently,- dealers havehad only-slender opportunities of. placing their stocks, and_ inquiries ■ for wool in the London market 'continue; to 'be insignificant. , .■"•;; 1 For the coming auctions the gross arrivals now total 74,189. bales, :of which' 13,459 are ■classed1 " NeV Zealand." 'In all, aßout" 5000 /'bales' of New Zealand-and Australian wool have been forwarded direct to' Yorkshire and.other f manufacturing centres. V ; ,' .': ■'.■'.'■', NEW ZEALAND MEAT. ' ' •'■■ ' r Iri'the New Zealand mutton; trade : the C:C. and D. ;'Cdmpany report to-day that there :is little change, sand/that with a limited demand ;the output has rib't"cortie- up ito the average. : Canterbury sheep show no improvement, either in demand or price, and the1 best quality'c'arr hardly^be quoted'-'iiUove-' 3ia fer lb,' any lines sold being at that figure* -A few, theyvtell.ine, oecasionally.fmake. 3 5-8 d .per ? lb',. out ;6thers:4n the parcel selling.' a), 3 . 3 : M per lb' brings' the average-downf* vSoddii Bright>Southland::sheep •have sold 'this week "_ai 31d*per'lb and-53 5-16 d. Until this week' North Mand 'sheep have been yet^Slipft'/tina^htiyeimade"? SflSa-'and■.ff-S-^df .per i'-lb?;' Fifty:*.fhVusaricltand twenty:. carcases' i.tia'ie "arrived By the Indragriiri and 7618 by the .Banffshire. ■'.■■■ ,"f":' "'! •" :" ; Between 3000' and lamts! have arrived. The C.C. ana-D.. Company tell me that a few carcases aie marketed daily',.'and: find,buyers at from 4ja fptftriiS;-'heavier:' ':<s&.■ 'plainer, to • i 7-Bd-ana;f sometinj'es ■Bd'>'pet';'iib".-' for neater. :weights. Trade.'injiroVen;beel..Ba;s|been quiet-; much of that frorn':.Brisbanen6,w;»tt offer is re:portea to be y^ryj>go<sdi"i.'';-;-V'|;: a%

Permanent link to this item

https://paperspast.natlib.govt.nz/newspapers/ODT18981222.2.7

Bibliographic details

Otago Daily Times, Issue 11303, 22 December 1898, Page 2

Word Count
1,476

MEW ZEALAND PRODUCE IN LONDON. Otago Daily Times, Issue 11303, 22 December 1898, Page 2

MEW ZEALAND PRODUCE IN LONDON. Otago Daily Times, Issue 11303, 22 December 1898, Page 2

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