NEW ZEALAND PRODUCE IN

Otago Witness, Issue 2409, 3 May 1900, Page 16

NEW ZEALAND PRODUCE IN

' * CPrv6ii"..Oira Own Co'bkesfondext.) , ->. »' LONDON, . March 16':^ '':•-." 1\ H 1 wool*. . ' --.. • 10-dayT"Me"ssrs Charles '.Balme-.and Co. write ' to me.saying that competition in the sale room, has recfe'nYiy assumed- a^ somewhat more assured "toiie^owing in a 'great' measure to con-siflerable-.purchases lay. 'American .buyers. %he demand from "the Home trade is • also more vigorous, inasmuch as spinners and "manufacturers show.-'aSSl'sposition to - replenish —their stocks at the prices h6w'; J current. ' Continental buyers," however, who 'at "present are overladen, with large quantities of wool imported direct from Australasia, -the River Plate," and South Africa,- acquired at extreme prices, contintie 'somewhat - inactive. With regard to merino wool, -Messrs Balme state that the better descriptions, in grease now sell-within 5 per cent, of, the auctions, but values for the medium ana lower grades in similar, condition," as well^as scoured, show but' little re- . coyery" fr~oni opening, quotations. " J .- .The\ effected: .tfie -increased American competition *ha¥ been., "most apparent, in the prices paid for . qi-o.ssbred . woolj-" and , although' thl| '- demand,!? prjincipally.' confined tojnedium and T " bqajrse Qualities* ', of " gocd- style -.and in light'■cqri3rtion v ;""Sressr.s ' Baliae report that itjlias given tone "to the market, for all grades. . The finest?" description's- in grease are the tixrn - dearer, 'anar realise. abotrt^7£ per cent, below January rates,- while.-thbse classes -which come " within the" scope -of ''American inquiry sell closely up to that level. Similar qualities in ' inferior condition also command a readier sale at about 5 per cent, above the opening values. -South African wools are very sparsely represented" in the catalogue of the present series of- sales, and while- snow: whiles and scoured 1 .wools are well-competed'fdr- at about last sale's j rates, unwashed parcels,^although they have,j recently, ,met with a readier 'sale than -at, the beginning" of the- aiictirins^are still 10 per cent, below January closing -"qtibfcatiohs. '"\ ..'."^DArBY.-PfeoßUCE^'lf^ '" '~ v > -.-" ■Writing^frofiijJGrlasgqjv; Messrs'^Mathie "and M'William'tellrme -that for-'ilie^past' three weeks a quieter tone has 'b.eeh'Je'xperience'd in the butt|r marketj^and that- prices have shown "a fiownward tendency. .' Choicest 'qualities of'i colonial butter' have been somewhat neglected, j '1 ' buyers gi-ving .more "attention to butter #a shade I *' ' under^the ".highest grade, which 'could be ob- j tamed frbm 92s 945. pe"r twt, "and, -therefore, j is suitable- for -the popiilar* retail price of -Is " per lb. The shipments from the colonies continue on a" very liberal -scale, and there are heavy, stocks 411 all hands. -The. arrival of the " s.s. Eakaia" and s.b. Delphic from New Zealand, within a few days of each other has given almost' a 'double supply for one fortnight, and, with, the usual full - arrivals from Australia, | _ ±he Glasgow markets have for the time being .1 jteen^ ojiite ,ove-loaoled'./ t The; supply of milk xio.w^to creameries and' dairies "in this country - is "^plentiful, and' from f the pxjesenf'will „ largely j The" Copenhagen " quotation, though j t -vunchanged-^last "we§k, not^th'e steadying 1 effect 'in\the,' Scottish "market which was -an- j »"" -ticipatedvf'and' '"prices- gatre way • 4s' to 6s per cw't in^ Manchester oh Tuesday, _with considerable' ' quantities left over unsold. Choicest colonial -butter- is quoted at 96s to 98s ; finest, DOs" to 945. " • ' Referring to - cheese, Messrs -Mathie and' M'Wdlliam say ' that the demand continues „ active, and that prices .show a further advance. -As there are no stocks on hand either of Home toads -QjJ^anadian cheese, that from New Zealand iß ; inlicWe-Tequest,'_"~Tlre-shipments from 'New Zealand are arriving in fine order, and' show a decided _impr~ow.ement in quality, tex- - ture,'-and finish on, former seasons. li is f quoted at 62s to 635. As the, spring make of •Home and* Canadian cheese ■ cannot .influence^ the 1 markets till well into the middle of "tlie summer, it is anticipated that prices for that From the colony will go still higher. > "With regard to the market for butter in Lon'don,'Messrs "Weddel x inform me that the de- ' anand continues^ exceedingly slo;?,-' the market |being~ almost demoralised. The ''.bear " movetoent to lower price's has succeeded, arid' -tof the wiser " bears " have already begun to -jbuy, as they believed the bottom -ofTthe market Bias now been reached. Values are "down 4s on - Ithe week, and "choicest ' colonial butter brings 'only 92s to 945, while finest realises 88s to 90s. \Lvl face of the general opinion among buyersAhat -prices at this time of the year are always Row, Messrs Weddel show by the following figures that this is not so, for only three times . since 1894 has Australian butter been so lowas it is now. These are 'the figures (they are Itaken as -representing the third week in March , ior'the lastsey^en years: — 1894, 105s; 1895, 945; ' 3.896,. 105s; 1897," 96s;' 1898, 105s; 1899, 98s; - lnAn qj-- ' ' i

j.i?uu, oas. , '.The, cheese market, .on the, other hand, ,conImues firm; and prices are .unchanged. r-Ther -The •paparoa-this week landed- about 5700, crates of .iNe-'W, Zealand cheese^ the' next arrival is not *expectea : 'before" April 11, when the Paparoa is 4Su^'wi!K ? 7SOo crates.-- ' " . •