LONDON PRODUCE CIRCULAR.

Wanganui Chronicle, Issue 12856, 9 October 1912, Page 3

LONDON PRODUCE CIRCULAR.

The New Zealand Loan and Mercantile Agency Co., Ltd., and Reduced, London office, reports as follows:

AVool: Since the close of the sales on 2nd inst., although trade in the country has b€«en somewhat affected by the holidays, there is a large turnover in tho manufacturing districts, and prices for tho raw material have a hardening tendency. American operators continue to purchase English wool as well as "cased" crossbred from Bradford and with a moderate quantity likely to be available for the fourth series, fixed to commence on the 24th September, there should then be a good demand, probably with higher prices for coarser sorts.

Sheepskins: At the auctions held from 31st July to 2nd inst., the offering in-cludr-d about 8000 bales Australian. Thero was good competition, and as compared with the previous sales, June 13th to 14th, merino ruled at par tr> id dearer, whilst crossbred advanced £-d to £d P Gr lb; short woolled sound pelted sorts of the latter often realising extreme nrices.

New Zealand Hemp: There has been a good demand, and prices mark -a further advance of £1 0s to £1 5s per ton. A fair amount of business has recently been put through, owing to millers offering more freely at the higher rates now ruling. We quote: Good fair spot £27 10s., Oct-Dec £27 10s., fair spot £25 15s to £26, Oct-Dec £25 15s, and fair current Manila, Sept-Nov, £26 15s per ton c.i.f.

Tow "is also higher at £16 per ton c.i.f. for No. 1, and £15 10s for Nt>. 2.

Grain: The effects of the bad weather here have been counteracted by good wheat crop reports from America and the anticipated heavy offerings from Russia but recently there has been a slight advance in the value rf enro-o-es. South Australian sailers are now offering at 40s, whilst Australian parcels are worth about 30s 9d per 4801bs c.i.f. Oats are steady, "with sales of A Gartons at 23s to '23s 6d per 3201 bs c.i.f. In beans, there is practically nothing doing, whilst the poor conditions of the English crop has not yet stimulated the enquiry for Maple Peas. We quote: Australian wheat 41s 6d to 42s per 49f5 lbs., JS'ew Zealand wheat, long-berried, 40s Gd to 41s; New Zealand wheat, short-berried, none; -ditto oats, sparrowbill, none: ditto Danish, none; Ta«manian maple peas, Ist quality, 4.0s to 42s per 5041b5. ; ditto, second quality,. 303 to 3Fs: Australian flour, 27s Gd to 28s per 2Solbs.

Cocksfoot: Tliere is nothing doing in New Zealand seed, n or do the offers of new crop Danish at comparatively low rates, as yet, have the result of attracting buyers to any considerable extent.

Tallow: With the termination of the strike, four auctions have been held during tho month. There is still considerable difficulty in obtaining deliveries, which has served to keep tho weekly ottering mod"crate, and with a good demand from llussi-a, and the Home trade, prices generally mark an advance of Is per cwt. Several sales have been made forward, good mixed realising 33s to 33s Gd ; fine beef 34s Gd to 35s Gd : and hard mutton un to 35s 6d per cwt'. c.i.f., but business is now checked by sellers asking more money. Stocks here are considerable, but shipments are likely to bo light, and though there may be a slight reaction, the outlook appears hcfalthy, a'aid prices should be about maintained. On the .spot we quotelamest mutton 37s 6d to 38s; fair to good 36s to 375; edible boef 3Gs to 375; and fair to good 34s Gd to 35s 6d per cwt. - 1

1 rozcn Mutton: While tho strike at ti:<? J ort of London was settled in tho early part of August, owing to the congestion of stocks in the docks stores complete, deliveries cannot yet bo obtained of many of tho earlier arrivals J'or frozen mutton a good demand has ruJtd the falling-otf in supplies from the Kiver Plato materially helping the mnrkct, with the result that recently ?>nros, T)irii C 7.jlarly for cuts and secondaries, have .advanced. The very wet .-JK.'I eoH weather experienced of late has I,:rl a mnsfc depressing effect on the Ir.mh fj-atlo. th<> demand generally olinofl l-.«d to 3-8 d ncr nound Tho m ; ,rkr-t for H,;,!e ; l f ia , lt^n l.sto snnplu.rl l.uvls tonr^o-T .^v] nor ]h his wee], with heavy offerings " much <.<er T>:-prr. M vo lmrn vT^ont-od A fnir onrn-irv na, ruled for .f-o Wn " BOrt * s , '"1,, in smmntlir witJt chilled. nnVo^ Wd^.nori. We ouote: Sootr* and iM.ri'ln^.h - l. Prl v f ;,,_ v, M .n I 'T.inn> -; ? . M-,. a-M to .4 3-.«: l. p:,- Pl . p,,.^ ' "f- "/"n Wf. f,. S-< q.| + a! Q1 v i-:: n";7l;' cV ]" A 3, 7-^ *-M.<iitt; i