N.Z. PRODUCE IN LONDON

Otago Daily Times, Issue 16120, 8 July 1914, Page 5

N.Z. PRODUCE IN LONDON

(From Oub Own Cobbespondent.) LONDON, May 29. Since the close of the recent wool sales thoro have been no frosh developments in the market. Messrs Balme mention that some jnquiry has been experienced in London for greasy merinos and fine croesbrods, as well ne fc-r* Gupo enow whites, which has resulted in the sale of a few parcels at prices fully on a ipar with those ruling at the end of the series- In the country districts values of the different grades of "top" are firmly maintained, especially in the case of merinos and the finest crossbrede, stocks of which are within a small compase. Trade, however, is not very active, the high rates current for the finer elaeeee of wool causing considerable embarrassment to manufacturers, as at present they are unable io obtain commensurate prices for their goods. The next salee •will open' on July 4-. It is noted by the New Zealand Loan and Mercantile Agency 00. that new business at the manufacturing centres is reported to be slow, and uaers are buying sparingly. The Continental export trade is dull, but there is a fair demand for merino and fine and medium crossbred on American account.

GRAIN. Wheat: The New Zealand Loan and Mercantile Agency Company states that in Australasian for arrival a good many cargoes have changed hands at 37e to 37s 4jd par 4801i>, c.i.f., January-March bill of lading. Oats: Thcso have been in request at about Is per quarter advan<Je, but the demand has now fallen off. "A " Gartons axe offering at 21e 3d to 21s 6d per 3201b, 0.i.f., but buyore OW difficult to find. Bea-is: There is little demand, but holders ore firm. Maple Peas: Inquiry is good; 49b per 6041b, c.i.f., has been paid for a second-hand parcel of No 1 quality.. . COCKSFOOT. The sowing season is now over, and there is very little eeed on hand. New crop Danish is offering forward at 55s to 56s per owt, c.i.f., but buyers are scarce. A sale of New Zealand 171b seed is reported at 64s per cwt, c.i.f., but this (according to the N.Z. Loan and Mercantile Agency). is not credited in the trade. Good reports of the American crop have been received, and buyers are now awaiting definite information before pperating. FLAX. A fair amount of business has been passing in New Zealand flax at prices which have- fluctuated in sympathy with Manila. The market closes quiet, with values about on a lervel with those last quoted—namely: Good fair " spot," £26 10s (nom.); July, £26 10s to £27; fair "spot," £23 10s(nom.), May-July. £23 15s to £24; and fair current Manila £26 15s to £27 per ton, c.i.f. Tow has been in demand at advancing prices. There is a quiet tone at the close. No. 2 is quoted at £13 10s to £13 15s, and No. 3 at £12 15s per ton, ci.f. NEW ZEALAND MEAT. In tho report of the New Zealand Loan, and Meroantile Agency "Company it is remarked that the demand for mutton lias been extremely unsatisfactory for a month past, and with largo arrivals prices declined. There has been an improved demand lately for sheep under 481b, and prices have g-on© up a little. In lamb a good trade has been passing, and prices (tepecially for lightweights) have advanced. Frozen beef has met with a better inquiry. Quotations are: Canterbury mutton, 3Jd to 4|d; North lelaad mutton, 3£d to 4|d; N.Z. ewes, 3d to 3£d; Canterbury lamb, 6£d to 6|d; North Lsland, s|d to 6^d; hindquarters N.Z. b&ef, to 4§d; foroquarters, 31d to 3£d per lb. DAIRY PRODUCE. With the exception of New Zealand butter prices this week are slightly easier. Owing to scarcity N.Z. salted is quoted firm at 108s to 110s per cwt, but as thero is practically none on offer quotations far unsaltcd are more or less nominal at 114s to 116s per cwt.

Finest New Zealand white dheoso is quotod at 60s per cwt, and coloured at 63s to 65s 6d, with-cheese of deep red colour as high as 64s per cwt. Supplies of New Zealand butter are said by the New Zealand Loan and Mercantile Agency to bo ve-ry short, so that choicest now commands 106s to 109s per cwt, and oc: casionall-v 110s, secondary qualities fetching 102s to 104s.

The demand for coloured New Zealand cheeee has shown more activity, and i<? now scarce and firm in price. White hna boen slow of sale, but a better ton© was manifest at the c'.cec, prices, however, remaining unchanged on the week. Canadian oheeee- is in -very short supply, and k firm.