N.Z. PRODUCE IN LONDON.

Otago Daily Times, Issue 15300, 14 November 1911, Page 2

N.Z. PRODUCE IN LONDON.

THE WOOL SALES,

SOME AMERICAN BIDDING.

(Fnoii Oint Own ConnxsrotiDKn.) LONDON, October 7. To *omc extent tho tone of tho w oo ] market has fluotuatfil during tho vwk, and tho tendency ol prices has been eomowhat easier than at the cutset of tho current wool sale*. In a measure, no doubt, the rather weaker phafo of competition is duo to the uncertaintite engendered by Ihc polilMttl situation in Europe, although, of course, tho reect.t labour diwutcs Imvo had a pre-

judicial elfect on tlie course of business in thin country as well as in Franco. Mo«m IJalmo report that among merinos tho best and Cnest grearice continue well comiietcd for. ami realise values closely up to Inst eales' levels. Dut other defcriptione havo piven way tlighty during tho past few days, trie better torts of both greasies and feowed* being from 5 to 71 per cent, and inferior 10 nor cent, cheaper than in July. On the other hand, the position of groaiy crossbreds Ins somewhat strengthened, moro particularly as regards tho toarsor grades, which no* soil at July prixs. Tito finer qualities arc also a shade firmer, a fow of tho lighter-condi-tioned lots being taken for shipment to America, whilo medium growers, although they linvo not varied in pnec. meet with rather freer competition than nt tho opening of tlio series. Greasy lamba wool is fcarce, and is from par too per cent, dearer, than in July, scoured crossbredj are selling freely at opening rates, a remark which also appiice to tho finer descriptions of slipw. but medium and coarse qualities of tho laUer arc cheaper, *•"> must now be quoted 7J pcf «*»'• below last salci' closing level. roi! mT TKAR. Tho following dale* have been fixed far the oneninjt of the 191?. wool ealos in London :—July 16. March 5 (catalogued to bo without limit). April 30. July 9, September 24, November 26.

" lIKVIIIW Or THE BAIES. Messrs Weddel mention that a full number of b-iycw were, in attendance for tho ripening catalogiies at tho late sales, competition provinjr fuliy ae keen as had boon

oxpeclwl. PncM for tho best greasy merinos *how«l pructically no change from July rntw. and with tho progress of _ the pales competition for this class bus gained in ntrcngtli. Medium nnd inferior lots, on the other linnd, after opening at a 5 per cent, doclinc. havo not mado up any lost ground. Tho beet combing scoureds havo sold steadily, but for all other _ descriptions tho demand 1«« been unsatisfactory, and values aro now about 7J por cent, to

1C per cent, lower than in July, short and lender clothinc kit bomg pjirticularly iirceulor. Lambs lwvo been twier. Tho lishteet fino crossbreds bovo eold greely at a 5 per cont. dedmo, but out. of condUton parcels aro nearer 10 per cont. cheaper than at tho close of tho July snlos. Mediums lwivo remained rtOody »t »««« 7j iicr cont. deolinc. Coarso forte, on l» otrhor hind, havo «aincd ground graduaUv, and 10-(lr.y' show no chango from July prices. SlipM, both «heep and lambs, on average are 5 per cent, easier, but greaty cruubrud lambs have «old remarkably weJL GRAIN.

New Zealand Wlwxit: Tho continued supply Jt pilativoly less money of the homegrown grain keeps buyore off the colonial Miricty, ami there is practically nothing being dono in tho latUr, prices standing more or be nominally at (as quoted by Meesrs Weddel| 34s to 35s for ehort, end 35s fcd to 36s (or loi.gbctry per <961b. Tho quantities offering and afloat and for shipment aro generally about 1* por quarter above tho ideas of values of buyers here, but wmo lots arnvinff bv tho Ruahinc, about due, sold at 32s IOJd, while for a particularly nico tot of lon?borry oy'tho tamo steamer as much ae Mβ 6d per 4801b, c.i.f., wj» ohtaincd. Now Zealand Oats: Messrs Woddol say supplies are almost finished, and what there J* offering is held for high rates. Quotations are: Gartoni ami eparrowbilla, 20s to 22s 6d; duns, 22s to 235; Danish, 18a to 19s per J2oib. New Voaland Beans: Tho small supply available ex store b«ro is quoted at priCrt langmg from 34s 3d to 36s 6d per. Wwlb, according to sample. Puis: Thero is still a good quantity of Xlnpk* offering on tho spot, but tho pan fortnight has fcenia somewhat better dcinoni and priew now stand at 39s 6d to 41b 6d per 5041b, Slid tlioro has been more inquiry, too, for turcels for shipment, and about 38s 6d would be laid for No. 1 standard for present shipment por 5041b, c.i.f., U.K. • . '

tallow: a dull time. ' Didncra and inadivHy have bew the cliaractcristio features of liio tallow market for a fortnight, little business lxw been dono eithor on Hie ppot or on c.i.f. terms, and prims arc again in fawur of buyers. Mctsre WelleJv note rnthor moxo inqairy during tho last day or two, ami at the sake I his week a good dcel of tallow found buyers at a drop of 3d per cwt on tho week. Hftntly nny business lMw.boon dono in Australasian tallow "to 'arrive. ,, Tho «tock in warehouse was rctutMa al 13,292 cam at tho end of September, ihowing a shnnksgo of 149/ enskn on tho samp month of last yojr. The following aro given a« the H»t qiiotatione for New Zealand tallow-.-Mut-ton-good to finest, 37s to 4& per cwt; dull to fnir, 35s 6d to 36s 6d; infwior, 33s to 34s per cwt. Beof-Good to finest, 35s M to 37e; dull to, fair 34s 35s M to 375; dull to fair, 34s 6d to 355; inferior, 32* to 33s per cwt. NEW ZEALAND MEAT.

MUTTON—RMTIV r DIIOKT—PRICES FIRM. For the Inst fortnight arrivals of Wl«ep from Now Zealand have boon very Jißht, totalling only 28,000 carcases. Available supplies of wether mutton are very ihott, and prices quoted a fortnight since have easily boon maintained. Moeers • Weddol record firmrces in primb Canterbury cheep, tho quotation for under 641b being ,W; and over that weight 3]d to 4Jd, according' to siic. For tho few secondary Canterbury shc«p available about 3Jd is obtainable Ewes have been offered more freely, and down to 3 3-16<l per pound has been taken for imall carcases. For gqpd light weights, however, 3j<l por pound can bo obtained. CheapncM of New Zealartd ewes has temporarily affected the sale of Australian mutton, and progress ii only mado with difficulty. LAMB—PRICES LOWrR-LmU PEUAKD.

Arrivals of froren lamb havo been short during tho fortnight, but tho market hie . been so quiot that no benefit has resulted as might bo expectwl. Supplies of Outch and- Scotch lambs havo been heavy, and UuycTS havo been filline their requtroments with these. Frown lamb has thorofore been neglected, and lower prices have_ had to'bo accepted to bring about busineffl. Canterbury lambs undor 421b wero firm

a fortnight back nt sjd per pound, tot now they can bo had for S)<l to 5 S-lbd per pound, and tho 421b to 501b srode «t 4Jd. Southland lambs aro offorc-d at &1 per pound for nndor 421b, and 4Jd to 4M per pound for 421b to Mlb Rrado. Thoeo licavy iamlrt are tho slowest sale of all, and it i<l most difficult to interest buyers in them while Dutch lamb* aro so plentiful. Secondary Now Zealand Inmbs, light weights, are 1 wiling at 5d per pound. BKF—M»nKET DECLIKED. ' Two wenks ago thp b*ff .market was firm, with a Rood inquiry, but buvere havo iiiddciiljr "topped oporntini;, and with u general deairo to sell, tho market has

quickly declined. At the close there is no sipm of recovery. Messrs Weddcl say that .prices aro quilo id nor pound lowor than the-y were a fortnight ago. THE C.C. ond-D. RETORT. . MUTTON QUIET! UHB OUTPUT IMSENMSO. During the week the Ruahino and the Star of India arrived (tho latter at Liverpool) with fresh supplies of Now Zealand frozen mutton. Tho Star of India will

come round to London to discharge inoro than 30,000 carcases. Although tho O.C. and D. Co havo no quotable change to record in price*, which rango about in to 4Jd per pound for Canterbury sheep and 3Jd to 3Ja por pound for North Island, the inquiry is vory quiot, owing to thn popular demand for,pork, rabbits, etc., and also to tho plentiful supply of owes and Scotch owes and jamb, which are being sold at very low prioce. It is, perhaps, fortunate that stwlci of New Zealand mutton aro limited, as any prcemro to (ell would undoubtedly load to consiJor.iblv lower prions Tho output of frozon laiib is now naturally lessoning, jind prices aro falling away. Canterbury descriptions realise about SJd to sjjd ixjr pound, and North Island <i<l to sd-a drop of about >d per pound on Uet week; bui neither buycri nor bollws i>ro anxious to operate, BEEF.

A r alups til round havo tlroppod about i<l pw ixnind, and the <lomaml, owinfr to tiw plentiful (iiipplj of chilled, Iβ anylniriß uut aatiifrfctory. Arrivals during t.lic wook coil' sist of 1003 quo rtcr> from Now Zealand. 969 from Australia, ami 12,258 from South America. Ilindqiurtore of Now Zealand bcof are quutod at 3jd to JW |wr \xmn<\. forcquartera at 2id lo 2Jd per pound. nrw xKtUNn Bunrn at thk dairv show. Thero nro only two rahibiti of Now Zealand butter at tho dairy show now in progreu nt the Agricultural Hall, Isliiuit*n Doth am tent hy tlw Dairy (!umpany, I<ongburn. Aβ nxplainod in praviau* yean, this important Kngllsh show vx>n«>i ii, the wrong eeason of Iho ;«u for .4*4

Dominion to bo represented at ell •adequately in tho oolonial classes. Atwtra.un butter i> juit begiuning to come over, and m it obtains' all the prized. In tho «a!t butter class New Bt>uth Welee takes «l! thrro priiw. Tlio Kalrantti 'V'v <V'panj in highly commended with 93 potnu out of 100. In tho frcih, butter oa« Queensland taki* iir«t aiui .eo^lmi ' •• . and Victoria third. The Kalranjra exhibit has E9 points.