THE BRITISH PRODUCE- MARKET.

New Zealand Journal of Agriculture, Volume II, Issue 2, 15 February 1911, Page 112

THE BRITISH PRODUCE- MARKET.

High Commissioner’s Cabled Reports. The following are cabled market reports received by the Department from the High Commissioner, London, during the monthly period prior to publication of the Journal. Unless otherwise specified, the prices quoted are average market prices on spot at date of message. Grain is ex granary on spot. < 14th January, 1911. ; Mutton. market is quiet, but holders are firm. The supply of Canterbury is practically exhausted. Canterbury 4fd. (nominal), North Island 4|d., per lb. Lamb. — The market shows signs of weakness. New season’s Canterbury 6d., other New Zealand sjd., per lb. Beef. — The market is quiet, with an improved demand. New Zealand hind quarters 34d., fore quarters 2Jd., per lb. Butter. — The market is firm, and has advanced on account of speculative buying. New Zealand choicest 110 s., Australian 1045., Danish 1165., Argentine 1065., per cwt. Cheese. —The market is firm with a hardening tendency. The demand is getting better, and prospects are favourable. New Zealand finest white 575., coloured 58s. 6d., per cwt. Hemp.- The market is dull, and likely to continue so. New Zealand good fair £2O 55., fair £l9 155., Manila fail current £l9, per ton. Forward-shipment prices about the same. The output from Manila for the week was 19,000 bales.' Wool. —The market is a shade weaker buyers are holding back. Bradford tops : 36’s (low crossbred) Is, Id., 40’s (low crossbred) Is. If-d., 44’s (medium crossbred) Is. 2|d., 50’s (half-bred) Is. 6|d., 56’s (quarter-bred) Is. 9|d., 60’s (merino) 2s. lid.

17th January, 1911. * The first series of colonial wool-sales for 1911 have commenced with a large attendance of buyers. Competition is confined chiefly to Home manufacturers, whose trade is good. America and the Continent are holding off to ascertain market values. A large supply of crossbred wool is being offered. 58,800 bales of New Zealand wool are catalogued. .Compared with closing-prices of the previous sales fine wools are Jd., and medium and coarse f-d., lower.

21st January, 1911. Mutton. —The market is steady. Stocks of New Zealand are small, but high prices are restricting business in the market. The supply of Australian and River Plate meets the demand, and they are selling freely. Canterbury cannot be quoted. North Island 4|d., Australian 3|d., River Plate 3fd., per lb. Lamb. — There is a dull sale for all lamb, and the market has declined. Canterbury 5|d., other New Zealand 5jd., per lb. . Beef. The market is firm, and stock on handJsmall. There is a good inquiry, especially for fores. New Zealand hind quarters 3|d., fore quarters 3d., per lb. Butter. —The market was firm, with more inquiry at higher prices, about the beginning of the . week, but closed rather quiet. New Zealand choicest 110s., occasionally Ills. ; Australian 105s., Danish 116s., Siberian 103s., per cwt. The “ Arawa ” shipment arrived in good condition. ’ Cheese. —The market is firmer. The “ Arawa ” shipment arrived in good condition, and met with a brisk demand. Coloured 59s., white 57s. 6d., per cwt. Wool. —The market is stronger. Cocksfoot-seed. — The market is quiet but firm. New crop 19 lb. seed was offered at 80s. per cwt. There are no buyers. Eggs.— Cold-stored Italian 10s. 6d. to 12s., Austrian 8s. 3d. to 10s., Danish Ils. 9d. to 13s. 6d., per 120. Hemp. —The, market is quiet, with a small business doing at about last quotations. The output from Manila for the week was 30,000 bales. Kauri-gum. market is quiet, but holders are firm. A small business doing, and prices are weak in the market. Quotations are nominal. Ordinary to fair three-

quarters scraped £8 2s. 6d., fair half-scraped 97s. 6d., brown fair half to three-quarters scraped 80s., brown pickings common to good 45s., bush fair to good pale and amber scraped £8, per cwt. Stock, 337 tons.

28th January, 1911. Mutton. The market is dull. Trade for all classes has been very slow, and prices are barely maintained. North Island 4d. per lb. Lamb. The market is quiet, as a result of heavy arrivals. Canterbury 5fd., other New Zealand 5|d., Argentine 4|d., per lb. — The market is firm. Stocks of New Zealand on hand are light. New Zealand hind quarters 3fd., fore quarters 3|d., per lb. Butter.— The market is very unsettled. Buyers are holding back expecting prices to go lower. There is a large supply on hand. New Zealand choicest 105s., Australian 101s., Danish 115s., Siberian 100s., per cwt. Cheese.- —The market is firm, and there is a good demand. New Zealand coloured 60s., white 58s., per cwt. Cocksfoot-seed. —The market is quiet, and buyers are not keen to do business. New Zealand bright clean 17 lb. seed 73s. per cwt. Poultry.— The market is unchanged. Chickens : American 8d. to 9d., Russian 7|d. to 8|d., per lb. Ducklings, 6d. to 7d. per lb. • Wool. —The market is firmer, and confidence is again returning. Hemp. The market is flat, and there is scarcely any demand. Prospects are unfavourable. New Zealand good fair £19 10s., fair £19, Manila fair current £18 10s., per ton. Forward shipment: Good fair £19 10s., fair £19 5s., Manila £19. The output from Manila for the week was 28,000 bales.

■, . 4th February, 1911. Mutton. — The market is quiet, but holders are firm. Canterbury 4Jd., North Island 4d., Australian 3Jd., River Plate 3|d., per lb. Lamb. — The market is weak and inactive. Canterbury 5|d., other New Zealand 5-|d. per lb. Beef. — The market is firm, owing to reduced supplies. New Zealand hind quarters 3|d., fore quarters 3]d., per lb. Butter. — The market is quiet but firm at present quotations. New Zealand choicest 105s., Australian 102s., Danish 115s., Siberian 101s., per cwt. Cheese. The market is quiet, but moderate business doing. New Zealand white 57s. 6d., coloured 60s., per cwt. Hemp.— The market has declined further, and there is little demand. New Zealand good fair £19 5s., fair £18 10s., Manila fair current, £18 5s., per ton. Forward shipment : good fair £19 5s., fair £19, Manila £18 10s., per ton. The output from Manila for the week was 26,000 bales.

Cocksfoot-seed. — The market is firm, but the demand only moderate. New Zealand bright clean 17 lb. seed 73s. per cwt. Eggs.— The market is firmer on account of cold weather. Italian 9s. 3d. to 12s. 3d., Danish 10s. 6d. to 13s. 6d., Austrian 9s. 7d. to 10s., Russian 6s. 6d. to 9s., per 120. Frozen Poultry.— There is a large supply and a moderate demand. Chickens— American 8d. to 9d., Russian 7|d. to 8|d., ducklings, 6d. to 7d., turkeys, 7d., per lb. Wheat. — The market is quiet, and may go lower. New Zealand long-berried, per quarter of 496 lb. 34s., short-berried 33s. Oats. — There is a small supply and a limited demand. New Zealand short oafs, per quarter of 384 lb., 18s. 6d. ; New Zealand Danish, per quarter of 320 lb., 16s. 9d. Beans.— is a good demand for all descriptions on account of the small supply. New Zealand f.a.q. (old crop), per 5041b., 35s. Peas. — The market is quiet, but holders are firm. ’ New Zealand partridge, per 504 lb., 46s. Wool. For fine wools the market is firm. For medium and coarse crossbreds the market is rather quiet.

7th February, 1911. . The wool-sales have closed. The market has been irregular, but closed firm at present quotations. British manufacturers are busy, and trade is good on the Continent. 4,500 bales of New Zealand wool are held over. Estimated value of greasy wools are as follows: Superior merino, lljd. to Is. Id., medium merino, 9|d. to lid., inferior merino, 8d. to 9d., fine crossbred, lid. to Is. 2d., medium crossbred, 9d. to lOJd., coarse crossbred, 8d. to 10d., per lb.