NEW ZEALAND PRODUCE IN LONDON.

Otago Daily Times, Issue 13697, 13 September 1906, Page 2

NEW ZEALAND PRODUCE IN LONDON.

(Faou Otis CbRHESrOKDMT.) LONDON, August 3. woor,. :> ■ In the report which I have- received to-day. from iloßsrs Charles Balme and Co. it ia remarked that siueo the oloso of ike late auctions there has-beon no alteration in tho. position of the wool market. A few withdrawn lota havo been disposed of at prices showing, soma improvement on tlie sale bids, but the amount of business transacted during the last week or two has not been of any magnitude. In the manufacturing districts machinery continues -to 1» vol? employed, but the fall 'in wool ya'.uea as; wol! as tho rocent violent fluctuations- on .the ! Continental "terms" maTkota 3ia,ve engendered a want of cotiiideucß which makes .it extremely difficult for manufacturers to socuro fiesh work. It is generally thought, however, that they have suffi-' cient orders on their books to keep Ihem. busy for some montli3 to copio, and aa supplies, pending the arrival of the now clip, are small and stocks in this country not excessive, a steadier market is expected should. the speculations " for" the fall/' now in progress on, the Continent,'cease. The fifth series of sales is to opon on the 25th September. 1 , WOOLLED BHEEPSKIKS. Yesterday the 'fifth series of pnblio sales of woolled sheepskins of tho current year took place. Tho total ottering was 4401 bales, New Zealand heading the list with 12G0 balee, West Australia coming second with 730 bales. Messrs Balme say that the attendance of buyers was large,, but there was a good deal of hesitation in tho bidding. Prices W fullwoolled merinos ruled 10 por'cent. and shortwoolled and polts 12J per cent, below last sales' rates. Crossbred skins of all descriptions were from 7} por cent, to 10 per cent. oheupcr, New Zealand skins selling, as was tho case of the

provious auctions, on more favourable terms than Australian shipments. As compared with tho prices current at the sales liekl on the 21st June, Messrs Balmo quote: Merino, full to three-quoiter-woolled,, JJd per lb lower} merino, lm'.f-woolled, Id per lb dower; merino short and shorn, Jd per lb lower; crossbred, fine and medium, full and thrcoquartcrwoolled„ ljd pot IJ> lower; crossbred, coarse, full to tliroo-quarter-wooUed, Id per lb lower; orOssbrod, h(v!f-woollod, id to Id per !b lower; crossbred, shcit and shorn, £d to Id per lb lower; lambs, }d per lb lower," The present quotation:) aro:— Merino, full-woollod, 7Jd to lOd per lb; merino, half to three-quarier-wool led, OJd to Bid par^lb; merino, short and shorn, 5d to 71d por lb ■full-woo'.led, fine, 9Jd to 11 Jd per lb; crossbred, full-woolied, coarse, Bid to lid per lb; crossbred, half to three-quarter-woollcd, fmo,7sd to OJd per lb; croasbrod, half to three-quarter-woolled, coarso 7d lo OJd per. lb; crossbred, short and shorn,' EJd to 8d per ;b, , NEW ZEALAND HEAT. The only vessel arriving during the week with New Zealand meat lias been tho Maori, which, according to'tho report of tho C.C. aad D. Company, brought 31,152 carcases of New Zealand mutton and 41,296 carcases of Now Zealand lamb, as well as 1005 quarters of New Zealand beef. .

l'rado in Now Zealand mutton lias been disappointing, and although stocks are not un-. duly heavy, tho output has failed to keop pace- with rcceiptx; Prices have given wviy a little owing to the dull demand, and the best light carcases have nlono' maintained their value. . For prima light Canterbury sheep, which are very scarce, higher prices aio being asked ex ship than can bo mado on the market. Off the ihooks, no Canterbury sheep command wore than 3Jd per lb, and. heavy carcases can be bought down to 3gd per lb. The best light North Island sheep still make 3Jd per lb, but other descriptions orb weak at prices down to 3Jd per lb,; Although the consumption of New Zealand lamb has been steadily maintained, the weakness of some sellers liaj led to erratic priocs, and the general quotation must bo called about jd per lb lower. Very few Canterbury lambs now touch 6d per lb, the average being about. 45<1, but in some quarters the best brands can bo bought at muoh less than this figure. Supplies are widely distributed, and • thore is koon competition for the trade. North Island lamlis are scarce, and are making 4Jd per lb, but heavy lambs of both descriptions sell at 4jjd per lb. The C.C. and D. Company add that a better trade licg been done in frozen beef owing to tho supplies of chilled beef still Ijcing moderate, but with tho !arge quantities of frozen beef in stock priccs at.Smithfiold have been lowered. Xew Zealand beef remainß at 3Jd per lb for hindquarters and 2[d per lb for forequirters.