HIGH COMMISSIONER'S REPORT.

Colonist, Volume LIV, Issue 13454, 28 April 1914, Page 8

HIGH COMMISSIONER'S REPORT.

[United Pases Association.] Wellington, April 27. The High Commissioner's market report from London (dated 25th) is as follows (quotations, unless otherwise specified being average market prices on spot):— . Mutton: The market is becoming more depressed 011 account of the large arrivals." The demand has been chiefly for lightweight; Canterbury 4j{d per lb : heavy weights are difficult to sell at 3Jd fNorth Island 4Jd for light weight. Lamb: There is a fair demand for better grades. The market has been unfavourably affected by the lower prices of mutton. Canterbury twos, fild'pcr Jb; heavy weights SH; other than Canterbury 5 5-16 d for light weight. Bvoi: The market is very dull. Quotations : Nominal hinds 4|d, fores 3Jd per lb. Supplies of American chilled beef are lar^u. Chilled hiuds per lb, 4|d, fores 3 5-16 d. Butter: The market is quiet, but prices are rather steadier. Danish is in fair demand at (per cwt) 114s to 116s; New Zealand, fair demand, 106s to 108s, unsalted 114s to 118s; Australian 100s to 104s. exceptionally choice 108s; Argentine, inarkei sw, 9Bs to 10&; Siberian, in. poor demand, 99s tol02s; American, creameries, 98s to 100a. Cheese: The market is firmer, with a fair demand for New Zealand supplies. Canadian, the market is quiet^;white, per cwt., 68s to 70s, coloured 69s to 71s: New Zealand, white, 61s 6d to 625, coloured 64s to 64s 6d; Australian, white, 59s 6d to 60s ,coloured 62s to Hemp: The market is excited on^account of the Mexican crisis, and ruces have been advancing rapidly. Manila, the market is firmer, but shippers are holding off, fair current £28 per ton, May to July shipments £29. The output from Manila for the week was ''0 000 bnles The Now Zealand market Ts very firm and business has been done ill high points at £25 10s. To-day's value- June to July shipments about £96 10* fair £24 10s during this week, now £25 10s; good fair nominally £27 per trm. . , Sisal: The market is nominally unfhanp;od, but no offers are obtainable iroirTMexicn as it appears probable that the war is likely to prevent shipments The stocks at progress at the end ot March 1914 were 61.334 bales (112,265 bales last year). Shipments during March 1914, 113.779 bales, against 48.379 in March, 1913. Tow: The market is firmer. Spot sales this week include third grade per ton, £13, second grade £14. # Wool: The market is firm with a hardening tendency for Merinos. The prospects" are favourable for fine crossbreds of all grades. Hops: The market is steady with an improved demand. English, per ewt, 190s to 150s: Continental 100s ta 120s; Californian 80s to 110s.