NEW ZEALAND PRODUCE IN LONDON.

Otago Witness, Issue 2808, 8 January 1908, Page 9

NEW ZEALAND PRODUCE IN LONDON.

(Fkom Otjb Own Cobkespondent.) LONDON, November 22. WOOL. Messrs Charles Balme and 00. say that during tihe past fortnight "the wool marketIhas been somewhat unsettled, and prices ior aJ3 classes have again weakened. Advices to < hand from Australian markets - indicate"' a ■further depreciation in the values of the inferior grades of merinos, while cable advices * from New Zealajid report a isnarp drop in quotations for the medium and coarser j qualities of crossbred wool a*- the 'opening J -sales -of Wellington and Christchurch. In tha j manufacturing districts, machinery continues ; well employed on the execution of old orders, but the declining tendency of prices in the different oversea markets is naturally causing consumers -to act with very .great caution, i Xn , these circumstances some reduction ap- j pears probable in the value of both merinos i and erossbreds -at the auctions to open^ next ' week, although it is generally expected thait the more pressing needs of m«nufaoturexs will mitigate the extent of the fall. The programme ior the sales iifcs been issued, according to which the series will last until ■the 10th December. The quantities available for realisation total 125,000 bales, including 16,000 bales from New Zealand, Australia being represented by about 105,000 bales and South Africa by 5000. _ * Periodical sale® of River Plate wool were Sield at Antwerp this week, -when prices ruled! 15 centimes per kilo for merinos and 20 centimes per kilo for crossbreds ,beJow previous Antwerp quotati-ons-^a fall which, so far as a soznpairison can be nxacbe, represents 1 a ds- j cline of 7i ix> 10 per cent, respectively on ' tie rates current at the close of tihe last j .London auctions. ' NEW ZEALAMD MEAT. Ihe C.C.- aaid D.^ -Company reports i fiho acrival of the ■ Drajnfcon Graage with 5483 carcases of New Zealand mutton, .and the Maxer-e with 30,429 carcases. The demand aft j Smithfleld is stated to be very quiet, but i

SmithfLeld us stated to be very quiet, but there has been some inquiry for lines for forward, deiliveryj with the result tibat values ex store are rather firmer, than off the hooks. The supplies offered axe only modensite, hub appear equal to requirements at present. Canterbury aheep can be quoted up to 4Jdl per lb, and North Island sheep up to 3£d for good light sheep. This refpxeaen'tß an. adlvance of nearly |d per lb. Heavy-weight carcases and ewes remain unchanged in value. StocTsa are now in few hamd's, and are firmly > held, for quotations. The same two steamera have increased the light stocks of New sfealand lamlbs by 12,583 carca-ses. Quotations are 'not quite so firm, as, with the present limited demand the arrivals proved sufficient to turn the scale in favour of buyers. A few transactions- in Panterbury lambs have been recorded at 5f3 per lb v but the average is about s|a -to sja per lb. North. Island 1 descriptions are making 5Jd to .5Jd per lb. Th© demand for frozen beef still rums on forequarters, -which maintain their former value.ilindquarters are neglected, and are scarcely firm ait late rates. . '