Commercial.

Opunake Times, Volume IV, Issue 181, 27 March 1896, Page 3

Commercial.

LONDON MARKETS

The Bank of New Zealand’s report on the London markets, dated the 22nd January, 1896, states!— Dairy Produce. Butter.—Although the tone of the market is perhaps not so firm as it was ten days or a fortnight ago, prices keep up remarkably well. The supplies due to arrive in the near future are not large and factories are able in consequence to keep a firm hand on anything actually on the market. Best qualities are selling at about 108 sat 112 s per cwt. Helped by the shortness of supplies, secondary sorts are commanding excellent prices and they are being cleared immediately on being landed. Current Prices :

per cwt. Last year, Choice Factory .. 108 sto 1125.. 100 s

Fine .. .. 104 sto 1065..90s to 94s Medium ~ .. 100 sto 102 s. .86s to 90s Fine Dairy .. 100 sto 1045.. 76s Medium Dairy .. 96s to 100 s. .66s to 70s Cheese. —The latest arrivals have been the “ Matatua ” and “ Ruapehu ” with 771 cases and 2,189 cases respectively. The *• lonic ”is also at hand with a considerable number of parcels. Holders are using their best endeavors to keep the prices up, but buyers are not inclined to pay the extreme rates demanded, and it is probable that the former may have to give way to effect sales. Current prices ; per cwt. Last year. Finest White .. 44s to 455. ,48s to 50s Good to fine do .. 40s to 425.. 46s Finest Colored .. 44s to 455. .48s to 50s Good to fine do .. 40s to 425.. 46s

The New Zealand Loan and Mercantile Agency Company, Ltd., report under date London March 20th : Wool—The sales closed this day. Since close of last sales washed and scoured merino superior and greasy merino medium and inferior are £d to 1 d per lb higher. Fine washed and scoured and medium greasy crossbred is id to Id per lb higher. Medium and inferior scoured merino has advanced Id to lsd per lb. Medium and inferior washed merino and fine greasy crossbred is id per lb higher. Medium washed and scoured crossbred is id to Id per lb higher. Coarse greasy, washed and scoured crossbred and greasy crossbred lambs are id per lb higher. Slips have advanced id to Id per lb. Other descriptions remain unchanged. The total quantity sold during the past sales is 187,000, of which 108,000 bales have been taken for the Continent and 2300 for America. It is estimated that 18,000 bales have been held over for future disposal. The American demand has fallen off.. Frozen Meats.—Mutton market depressed. Price of mutton has declined £d since last report. Tallow.—There is little demand. New Zealand fine mutton ta'low is worth 21s 6d per cwt. New Zealand good beef tallow is worth 20s per cwt. Quotations nominal.