NEW ZEALAND PRODUCE IN LONDON.

Otago Daily Times, Issue 14280, 31 July 1908, Page 3

NEW ZEALAND PRODUCE IN LONDON.

l ° 1 (From Our Own Correspondent.) LONDON, Juno 19, ' WOOL. , Messrs Charles Balme and Co. writo that sineo the cioso of the May auctions the j tone of the wool market lias remained f quiet, and business in the manufacturing districts has been of a hand-to-mouth cha- . racter, consumers in the present state of j affairs being unwilling to anticipate their requirements. Quotations for the diffe- [ rent classes of "tops" have not undergone . any very material alteration, but the ten* , deney of values has be«n in favour of [ buyers. In London, there lias been some , inquiry, and a few lots, including a line . of Cape snow-whites, have changed hands , at prices fully on a- par with those previously current. The fourth series of \ sales ie to open on July .14. | W. Weddel a.nd 00. write:— } "The three _ weeks that have now passed since the third series of colonial wool auc- , tione terminated here have not so far shed anjj fresh light on the situation. Business in Yorkshire lias been of a. rather halfhearted character, and fluctuations in prices have been small.' The Whitsuntide holidays have intervened,- and, departing from the usual custom, many works have been closed for the whole week, unhappilv only a sign of the times. Although there ' is no likelihood of speculators for the fall getting to work on the same scale as previous to the May auctions, attempts aro still made to cheapen coarse wools, r i if'l top 3 ' lavo k OOll purchasable at ™J?"tly lower figures than a fortnight ago. Ihe Mnglish-grown clip is just beginning to be put on tho market, and the first fair of any size was held on the 15th inst, 1 rices naturally varied according to, quality and condition 'mt tho average for all medium to coarse growths was about 35 per cent, lower th.:i this timo last year— a slightly bettor rc-sult than, was anticiPaled. At present, however, many farmers do not seem inclined to meet the market, and may determine to hold their wool for fiome considerable time. It is a ' little early yet, however, for any definito ■ policy to bo adopted. Wo have had a small j privato inquiry in our market here, and a few sales have been effected about or a trifle above rates lately ruling."

pr.Ati. ' Messrs Weddel say thai supplio.? of peas ] on hand are still in large compass; values arc unchanged; Now Zealand and Tasmania maples nro quoted at 36.s to 40s. TAUOIY. 'The active domaud for tallow has continued ill spite of the holidays, and at the public auctions held yesterday Messrs Weddel say that out of 1929 tasks offered for sale, 1(i49 found buyers at an advance of 6d to Is per cwt on all qualities except good mixed, which remains unchanged. Mutton tallow was in best request, and shows tho most advance, while • tho good mixed sorts met with a moderale demand without change in values. On , c.i.f. terms there have been limited offers. Good mixed has'been sold at 29s'to 29s 3d, and prime quality up to 2& 9d; 48deg fair-colour mutton afloat has realised 316 6d to 3£? per cwt. There are further ' buyers a little oft' from the highest figures named, but no business is possible owing to tho prohibited prices now asked from tho other side. Other eoap-making ma- . terials are a. better market, but still com- ! paratively cheap in comparison with tal- j low. Spot quotations for New Zealand and | Australian sorts are •, Mutton, good to 1 finest, 31s 6d to 345, dull to fair 30s 6d : to 31s, inferior 27s 6d to 295; beef, good to finest, 29s 9d to 3ls, dull to fair 29a to 2Ss 6d, inferior 27s to 28s per cwt. HONEY. Messrs S. Figgis and Co. quote New Zealand honey, fair to fine white, at 35s to 40s per cwt. Australian honey is quoted at 12s to 18s per cwt for fair to fine pale. DAIRY PRODUCE. Messrs Weddel mention that there is still a good demand for Australian butter. Choicest New Zealand is quoted at 108s to 110s, and finest at 1063 to 108s; finest Australian is quoted at 100s to 104s. Tho cheese market continues firm, and New Zealand old cheese is soiling at 59s per cwt for coloured, and 63s to 64s for white.' Canadian new checso is bringing 57s to 58s for coloured, and o good strong 58a for; white. NEW. ZEALAND MEAT, j According to the report issued by Messrs Weddel, 61,700 carcases of N.Z. sheep havo arrived during the last two weeks. The demand shows a slight improvement on the previous fortnight, but it has so far been found impossible to raise prices. Only small quantities of the meat go into'consumption. Canterbury sheep, 48-561b, are quoted up to 4ld per ib; 56-641b. at 4d and a fraction higher; best North Island mutton realises up to 3Jd for small weights, and for medium and heavies 3id to 3id. Second quality mutton still sells very slowly at 3-Jd :to 3id uer lb. There is moro inquiry for ewes, and good medium weights • are now wortli 3Jd per lb. • During the past two weeks 134,400 car-' cases of N.Z, lamb havo come to hand, also 30,000 carcases from tho River Plato and 23,200 carcases from Australia. Messrs Weddel write that the volume of trade, at Sm'ithfield shows a considerable and satisfactory increase, and there is also more inquiry from the Provinces. Primo Canterbury lambs, although not quotably higher in price, close very firm, especially for iight weights, which are now most inquired for. Secondary lambs are, owing to the in-; creased demand from the Provinces, in re- • latively short supply, and values have advanced; id to id per lb. Prime Canterbury lambs of all weights are quoted at sjjd per lb, and secondary descriptions at sid per lb. Prime North Island lambs are now mating sid to and secondaries 5Jd to ' 5 3-16 d. For -Southland lambs tho quotation is up to sjd per lb.

N.Z. beef is now quoted at 3?d to 4d per lb for hind-quai'ters, and Jd per lb for fore-quarters; 5900 quarters lia.vo arrived during the past two weeks. Messrs Weddel write thai- owing to the extreme searcity and high prices of chilled beef, frozen beef has been : more inquired for, and as supplies are noiio too heavy, consignees have been able to secure considerably increased prices. Hind-quarters are a speci- : ally, strong market.