THE LONDON MARKET.

Wanganui Chronicle, Volume LXXVI, Issue 18431, 15 March 1922, Page 8

THE LONDON MARKET.

HIGH COMISSIONER’S CABLE. MUTTON AND LAMB DEMAND GOOD AT FIRM PRICES. PRESENT QUOTATIONS. The Department of Aviculture has received the following cablegram, dated March 11th. from the High Commissioner for New Zealand, London : MEAT. Stocks of old season's mutton and lamb are small, and with short supplies of new season’s; the demand continues good at firm prices. It is felt, in some quarters, that with the larger immediate arrivals prices may weaken. New Zealand Mutton. —Old season’s lightweight: March 11th 7.}d to Alarch 4th 7|d to Eebruary 25th Tldto medium weight, March 11th 6^d; extra heavyweight, March 11th 6d. New Zealand Lamb.—Old season’s lightweight, March 11th lOd, March 4th lOid. February 25th 101-d to heavyweights, March 11th 9fd, March 4th 9fd, February 25th lOd; new season’s (North Island). March 11th Hid to Hid, March 4th lid to Is o£<l, Feb- ; ruary 25th ll|d to Is. No Canterbury 1 available. New season’s mutton is not officially quoted, but for the quantity available 4d per lb more is being obtained New Zealand Beef.—No demand. Hinds, March 11th 4 ]-Bd. March 4th 4 l-Bd, February 25th 4d: fores, March llth March 4th 2id, February 25th, 3d. Argentine Chilled Beef. —A large supply Binds, March llth sd. March 4th sjd, February 25th 5 l-8d; fores. March llth 3}d, March 4th 31d. February 25th 3|d. BUTTER. The market is firm, with a good demand, and sellers to-day are asking higher prices, in the case of New Zealand up to 144 s per cwd. (Is 3|d per lb), but no transactions are yet reported at this figure. New Zealand —Salted: March llth. 1443 s to 142 s per cwt (Is 3d to Is 3£d per lb; March 4th, 138 s to 142 s per cwt (Is 24d to Is 31d per lb); February 25th. ]36s to 140 s per cwt (Is 2|d to Is 3d per lb). Unsalted: March llth, 140 s to 144 s per cwt (Is 3d to Is 3-jd per lb); March 4th, J3Bs to 142 s per cwt. (Is 2d to Is 3{d per lb) ; February 25th, 140 s to 145 s uper cwt (Is 3d to Is 3-Jd per lb). Australian.—Salted and unsalted : March llth. 132 s to 13(>s per cwt (Is 2{d to Is 2|d per lb); March 4th, 128 s to 132 s per cwt (Is to Is 2£d per lb); February 25th, 126 s to 130 s per cwt (Is lid to Is 2<l per lb). Argentine—March llth. 114 s to 124 s per cwt (Is Old to Is per lb); March 4th, 112 s to 122 s per cwt (Is to Is I<l per lb); February 25th, 112 s to 124 s per cwt (Is to Is l|d per lb). Danish.—Slow of sale; March llth, 168 s to 170 s per cwt (Is 6d to Is per lb); March 4th. 168 s to 172 s per cwt (Is 6d to Is 6ld per lb) ; Februaqry 25th, 180 s to 184 s per cwt (Is to Is per lb). CHEESE. Market dull and declining owing to a falling off in the consumptive demand. English, finest farmers, very scarce. —March llth, 140 s to 145 s per cwt (Is 3d to Is 3£d per lb) ; March 4th, 135 s to 145 s per cwt (Is 2]d to Is 3.1 d per lb); February 25th, 135 s to 145 s per cwt (Is 2|d to Is 3|d per lb.) New Zealand.—March llth, coloured 94s to 96s jjer cyt (lOd to 10id per lb), white 81s to 83s i>er cwt (B£d to 9d per lb); March 4th. coloured 98s to 100 s per cwt (IOJd to per lb), white 84s to 86s per cwt (9d to 9|d per lb); Febrauary 25th. coloured 98s to 102 s per cwt (10£d to lid per mj. white 86s to 90s per cwt (9£d to 9id per ib). Canadian.—March llth, coloured 100 s to 104 s per cwt (10.ld to HJd per lb), white 96s to 100 s per cwt (IOJd to per lb) ; March 4th. coloured IOGs to 104 s per cwt (10£d to lid* per lb), white 96s to 102 s per cwt (10;d to lid per Ib) ; February 25th, coloured 102 s to 104 s per cwt (Hd to Hid per lb), white 100 s to 104 s per cwt (105 d to Hid per lb).

HEMP. Manila market somewhat easier, but closes steady. March-May shipments U G” grade, quoted at £37 10s per ton (sellers); “ H” grade, £37 per ton; "J” grade. £36 10s per ton (nominal). New Zealand market quiet and inactive. Highpoints offered are: Spot, £34 per ton and March-May shipments quotations at same prices; fair, £32 lOs per ton. These prices are quite nominal, and there are possible buyers at about 40s per ton less. WOOL. Sijhrs continue and with a strong support from Home and foreign sections the bulk of the offerings selling and values show an improvement on the opening; the current rate being not more than par to 5 per cent, below January figures for both merino and crossbred. This week B.A.W.R.A. offerings have consisted of Australian me- ! rino, greasy 5500 bales, scoured 2800 bales, crossbred, greasy, 3900 hales, scoured 2800 bales, crossbred, greasy 3900 bales, scoured 1300 bales. New Zealand crossbred, greasy 3400 bales, scoured 1000 bales, slipe 1150 bales* FRUIT. Heavy arrivals of American and British Columbia boxes of apples have brought about a somewhat lower value, but a steady improvement is looked for from now onwards, and it is anticipated the market will be practically clear by the end of this month. The first shipment of Tasmanian and Australian apples is due on March 18th. Boxes.—American Winesaps, 12s to 15s 6d; Spitz, 14s to 17s; Californian Newtowns, 15s to 16s; Oregon Newtown, 16s to 18s. South African pears are meeting steady inquiry.—Williams, 14in x 28in boxes, 4s to 5s 6d. HONEY. Market very quiet owing to arrival of foreign shipment of particularly good colour, and sales of New Zealand are small at—White, 91s per cwt; light amber, prime, 85s to 90s per cwt. EGGS. A considerable increase in Home supplies, together -with a recent large arrival of imported, has caused a decline in prices. English, 18s to 19s; Irish, 17s to 18s; Banish, 17s to 21s; Dutch, 16s to 20s: Italian, 16s to 17s; Moroccan, 14s; Egyptian. Ils 6d; Sjrian, 15s to- 16s.