NEW ZEALAND PRODUCE IN LONDON.

Otago Daily Times, Issue 13845, 7 March 1907, Page 10

NEW ZEALAND PRODUCE IN LONDON.

(Fr.omOtp. Own CoßMsroNMxr.J LOKDOX; January 18. WOOL. On the 15 th-inst. the first scries.of colonial wool sales of tho present year -was opened with catalogues totalling 11,206 bales of wool, 2353 bales o,£ which came from New Zealand, llessrs Balmta aad Co. write to jno that the aah> was w<>U attended, and competition ww animated, tho domand from the Homo lrado boing sijociaUy keen, 'i'ho prices paid Jo-, merino woei showed very little alteration irom (hoso previously current, although scoureds and broken grcasies wcro frequently x shade firmer.. Tho position of fine and medium crossbreffa -was also unchanged but values for tho coirsor grades ruled from' par to 5 per cent, doaflar. Tho selection- ot South African wools included in tho catalogue was not mrfficiartly representative to justify a quotation, For the cirtiro series there is a iolal available, supply of about ISS.OOO bales. >'ew arrivals lavo incbided 37,991 bales from New .Zoalaiid,. less 1500 bales in 'transit, and about 500 bales of old stock from tho colony Sirs iucludedi'in Hie grand total for tho series. Tho rffculfc ot the ojening o[ the salos is eminently ctttisfactory, Jlesra Batmo slate, further. With- a moro ptentifnl supply of wool, bolli matino and ouossbmd; tho high 'level of prices cirrrent during tho December auctions, ivhen mipplies v.Toro in a narrow coinpaSs, has been maintained, a fact which clearly illustrates the soundness of the basis • on which fho present seal* of quotations rest. Competition is animated: and comes chiefly from Homo and foreign Isiyere as well as from tho3u from America. Tho German section of tho 'trade, however, is :not so active. Values for merinos show very little change irom December rates. The b&ttar classo3 in the grcasies aco taken freely for shipment K America at previous rates, ivhi'e medium and inferior drs-uriplions aro eagerly sought after by English said French topanakers, tho prices realised for "West Australian sorts frequently. exceeding those current last series. Scourtd wool also sells well, all gnidos being the turn dearer. The finer qualities of greasy crossbred produce meet with a good demand irom all qtiaiicß), including Ammica, and ihey raako fully las 6 sales quotations, whilo coarso growths aro generally Ad per lb above that level. The position of sccmrods and slipes, which aro an small supply, has not ' materially varied. ; • dairy rßonucE. Writing to-day, Jla93rs V. 'Wcddel and Co. say that the demand for Km Zealand and Australian butlor this week has not been so brisk as it was last -week, owing probably to, purchasers then buying moro than their usual weekly supplies. Tho Athentic, from - lN T ew': Zealand, is due io-duy. 'Fho prico of both Australian audi New Zealand tatter has receded another 2* this week, and this has brought down Danish with a rtisli. It has been evident to everyone that tha prico of bultei 1 has for a long tutio been far ' too high compared with colonial descriptions. The dominant position, of Danish, in the English markets is being seriously threatened, lity the last fivo week the arrivals of colonial butter have equalled Danish, and, therefore, ■tho fall in value of tho latter has not now H.lfo aanio depressing effcct upon colonial prices it once had, except as u matter of sentiment. "Choicest" Australian butter is now selling at 98s to lflOs per cwl, and A'cw Zea- . land at 104s to ]oi>s. The supremacy in price of'tho latter is very largely due to its superior quality.