London Markets.

Feilding Star, Volume XVI, Issue 255, 1 May 1895, Page 2

London Markets.

BUTTER AND WOOL REPORTS.^ ■ The London agents of the Colonial Bank of New Zealand report as follows, under date March 23rd '^ilZJi't- <K At the beginning of this month there was a temporary revival in the butter trade, and large quantities of Australian and others descriptions changed hands. But now the market generally is extremely ; dull and -de* ' moralised and prices all round have considerably declined. Danish is at; leaet 14s per cwtlower than at tlje of our last issue, French and Freisland>: especially the latter,, are greatly reduced in value,;, and rther xates for New Zealand have also receded 12s and 16s per cwt. But although the values of Australasian have thus considerably declined,! there: is no activity in the trade, the . demand being very poor and quite "insufficient to clear shipments aa 1 landed ; while? arrivals continuing large, stocks have' accumulated, and as the year is too far advanced for a retuWof bold weather, and supplies of new, seasonVEuropean butter are also coming in, there is very : great pressure to self Colonial, and in ' many ■< cases exceedingly, low prices have been a^epljed^i'^We'q'uotd butter — Frieslana,., 66s and 80b. per cwt ; French, 74s and ilOS; Danish, 90s and 965 ; Fipnish, 76i, and 88s ; Russian, 60s and 70s'; 'Australian and New Zealand, finest, to 90s • do. do., good to fine; 68s to 80a ; do. do., inferior, 45s to 60s. Cheese—American, 44s to 50s ; New-Zealand, 36s to 46s per cwtl The attendance in . the , sale room continues large, all sections of the trade being fully represented, and competition is animated and marked by a confident tone. The upward tendency of values noticeable at the commencement of the auctions has has during, the past week become more pronounced, the greatest, extent oE improvement' being^'apparent' in medium and 'inferior greasy' merinos', bulky faulty? scoureds, and shabby poor conditioned crossbreds which now rule 10 par cent above the closing rates of the, first, series. Superior combing greas'iesp and the better grades of scour eds,, which, in J January commanded prices^ tiiougu'' j s : elling- very firpaly show ' a relatively arnaller advanced Quotations f drVgbuth African greasy.and jfleece- washed staple. have also hardened to r Jbe^tenit; of^ tp . 10 percent, while scoured descriptibhs iP?!yi^9i*M^aprTexcjßjed^F^JDruary value; ';,;■ ~ J *y. ;" ! ..'■■■-'•^.yu-jqifr .

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