LONDON MARKETS

Dominion, Volume 14, Issue 75, 22 December 1920, Page 10

LONDON MARKETS

HIGH COMMISSIONER'S CABLED KEFOH.T. The Department of Agriculture has received Uio following cablegram, dated December Itf, from the High Commissioner for . Now Zealand, London:— "Meat.—Fresh meat trade brisk early this week. Market quiter later owing to competition Continental meat:. Absence of chilled baef supplies noticeable. "Average prices are; English—Heef, Is. 41(1.; mutton, Is. 7id.; lamb, Is. lid. per' II). Imported—Fair, trade.

"Uutter.—Price. British tended lower this week. Irish, market very dopressed nnd prices are much lower; new, salted, -£19 per cwt. (3s. per lb.); stored, nominally, ,£l6 16s. per cwt. (3s. per lb.). Danish now free, and purchases have been made on British account at ,£'l4 16s. per cwt. (is. 7jjd. per lb) f.o.h. "Cheese.—Very little business in English this week at latt quotations, viz.: £7 ]os. to j£9 Cs. pei' cwt. (Is. 4d. to Is. Sd. per lb). Irish (mutilated word), at -H'> -fa. to £1 per cwt. (Is. ljd. to Is. 3d. per lb.). Canadian, spot, market steady; white .£7 Bs. to £7 16s. por cwt. (Is. !!jjd, to Is. .4Jd. per lb); coloured, .67 lis. to .£8 por cwt. (Is. iid. to Is. sd. per lb), c.i.f. 'business practically finished for tius season ; latest otfew £7 to £7 ss. per cwt. (Is. 3d. to Is. SJd. per lb). "Hemp.—Manila market quiet and easier. 'J' grade October-December shipmoat .£57 10s. per ton; Decoiuber-Fobru-nry shipment, .£56 per ton; JanuaryMarch shipment, .£55 per ton. New Zealand mjirket closcd dull at last quotations (viz., 9pot, highpoints, ,£54 per ton, fair .£52 per ton. December-January shipmfcnt, .£sl 10s. and .£SO per ton respectively), but prices are purely nominal in absence of business.

"Wool—Sales have closed. Attendance large throughout, but competition slow. Conditions have not improved sinco opening. Two (lays' salos have been cancelled, and total ofterings were 51,003 bales instead of 80,000 bales, including 8903 bales of New Zienlnnd. Good medium quality New Zealand wool realised about last sales prices, but finer grades have declined. Coarse neglected. Average closing values were: 60 J s> to fit's (merino), Is. 10(1. to 2s. 7d. per lb.; 50's to 56's (half-bred), Is. sd, to Is. lid. per lb.; 4S's (fine crossbred), Is. 3d. to Is. 5(1. per lb.: 44's to 46's (medium erossbrcds), lid. to Is. 3d. per lb.; 36's to 40's (coarse crossbreds), 10d. to Is. per lb. All prices are more or less nominal, as less tlian third of total offering were sold. At yesterday's free sales 6000 bales of Australian were offered, and met with cowl competition, and practically all were sold at about ten per ocnt. below Government limit."