London Markets.

Feilding Star, Volume XV, Issue 296, 24 April 1894, Page 2

London Markets.

The following London cablegram, dated 20th instant, has been received by the New Zealand Land Association : Frozen meats — Mutton market steadier. Lamb market firmer. Quotations unchanged since last telegram. New Zealand beef, fore and hind-quarters, are jworth respectively 8&d and 44 d per lb. Tallow — Market irregular. Fine mutton tallow is worth 26s 6d per cwt., but other are unchanged. Sheepskins — Market irregular.

The following is from Messrs Dalgety and Company's London circular of 2nd of March : — " The second series of colonial wool sales fol* this year opened on the 27th ult. There was a good attendance of buyers and fair competition, England •nd Germany being the chief operators. France has so far done comparatively little, and several large buyers from that country have not even put in an appearance, stating tbat they have onough wool at home to last them till May. One or two buyers from the United atates are present, but have so far done nothing. Up to date ihe progress of the auctions has not established any change in the values of crossbreds or of the better grades of merinos, but some of the earth?, seedy, and wasty Adelaide, New South Wales, and Queensland wools, are id per lb lower, and not to easy to sell thereat, owing to the large quantities offering and the bad renders which were given by lots purchased at the last series. Trade generally continues very quiet, the uncertainty as to the outcome of the American tariff legislation ; the dislocation of trade in the East through the collapse in silver, which has ranged as low as 27 Jd and 27 Wl per oz ; the unsettled condition of many of the South American States, and the prospect of a dissolution of Parliament here, all tendto curtail business, aqd eliminate all elements of speculation. Under these circumstances, however disappointing present values of wool must prove to growers, it is hard to see how we can look for much improvement in tho near future."