LONDON MARKETS

Waikato Argus, Volume XXXII, Issue 4962, 26 March 1912, Page 4

LONDON MARKETS

HIGH COMMISSIONER’S CABLEGRAM. By Telegraph.—Press Association. Wellington. Last Night. The High Commissioner’s cable, dated London, March 23, is as folIcws (quotations unless otherwise specified are average market prices on spot). There is no change in the strike situation:— Mutton: There is better demand, epsecially for light weights, which are scarce. Canterbury, in small supply, nominally 4|d; North Island, sad. Lamb: The market is firm. The supply of Canterbury falls short of the demand. Nominally, Canterbury is quoted at sgd, other than Canterbmy, 51d. Beef: The market is firm. The stocK of New Zealand beef an hand is light, and supplies of American chilled beef are small. New Zealand hinds, 4d; fores, 3Jd. Butter: The market is quiet, but holders are firm. Stocks are moderi ate. The average price for the week jof choicest New Zealand butter is ! 127 a; Australian, 1235; 'Argentine, I 1225; Daniih 1365; Siberian, 1265. Cheese: The market is quiet, but firm, with small supply. The,average price for the week of finest New Zealand cheese is 74s 6d; English Cheddar, 925. Hemp: The market is quiet and only small business doing. On spot, New Zealand, good fair grade, £2l 10s, fair grade £2O; fair current Manila, £2l 10s; forward shipment of New Zealand, good fair grade, £2l 15s, New Zealand fair grade £2O ss; fair current Manila, £2l 15s. The output from Manila for the week was 28,000 bales. Kauri Gum: The market is very quiet and no business doing. Nominally, there is no change in prices, viz. :--Daik brown, selected, rescraped, £6 to £7 10s per cwt.; dark brown, £3 4s; scraped, £4 5s to £4 15s; dark brwon chips, drossy, 30s to 355; rescraped pale amber, £lO to £l2; three-quarter pale, scraped, £7 to £8; diggers’ chips, good, 455. The stock totals 132 cases. Wool: The market is firm, with an improved demand. Current quotations (for Bradford tops are;—36’s, low crossbreds, Is Id; 40’s, low crossbreds, Is 1J; 44’s, medium crossbreds, Is IJd; 50’s, half-breds, Is sd; 56’s, quarterbreds, Is 7Jd; 60’ 3, merinos, 2s Oid. London, March Z5. Sheep: North Island. 3§d, beat brands 4d; New Zealand ewes, 3 l-16d. Lamb: North Island, 5Jd; selected brands, 5 5-16 d. Beef: Fores 3Jd, hinds 4d. Australian; Sheep, light none offering; heavy, 3Jd; ewes, 3d; lambs, best brands, 4Jd, fair quality 4Jd. Beef: Fores 3d hinds 3 9-16 d. South American: Sheep: Light, none offering. Heavy, 3|d. Lambs: First quality, 4gd; second quality, 4|d. Beef: Chilled forso 3Jd, hinds fid. Other meats unchanged.