Second Edition

Horowhenua Chronicle, 15 April 1913, Page 3

Second Edition

Commercial. 4 LONDON MARKETS. HIGH COMMISSIONER'S CABLED REPORT. LONDON. April 14. Mutton.— Tlio market is very firm. There is a good demand for all qualities. Canterbury 4}d per lb; North Island lid. Lamb.—The market is very firm. Stocks on hand are light. Slrpliients now arriving are very small. Canterbury !)i;d p; r lb: '.tlier than Canterlniry ligd. Beef.—There is a better demand. The market has advanced. New Zealand hinds 4Jd per lb; fores 3kl. Butter.—The market is firm for choicest, but dull and declining for ordinary quality. Choicest New Zealand, per cwt.. 115s salted. 117s unsalted; Australian and Argentine IOSs: Danish 120s; Siberian 110s. Cheese.—The market is dull. .Buyers are holding hack, expecting prices to go lower. New Zealand •wlilte. per cwt.. fiOs. coloured 595: Australian, white 50 s, coloured 58s: Canadian, white Rss, coloured 645: English choddnr 745. Hemp.—The market is very quiet? nothing doing. There is a disposition to sell distant hemp. The mar- 1 kot is speculative. Spot New Zealan<T. good fair grade, per ton. £38; fair grade, £30; fair current Manila, £33. Forward shipments. a'Tiout the same. The output from Man-, ila for the week Mas 16.000. Wool.—The market is quiet, but firm. Buyers are waiting definite information regarding the American Tariff Bill. LONDON WOOL SALES. DALGETY AND COMPANY, LTD. Dalgety and Co.. Limited, under ! date of London, 7th March, report as follows:— The second series of Colonial wool sales for the current year opened on the 4th instant. The net available bales totalled 155,000. Tho market, since the close of the January sales, has been rather quiet, though reports from the Home cen- ; tree have given evidence of great activity in the mills, largo orders , heing in hand. It was expected' that there would be a good demand at the present sales from this quarter especially, and these expectations have been amply fulfilled, the ! Home trade being tho keenest oper- < ators t;o far. The Continent is also buying freely, but little wool at present has heen bought for America. Crossbred tops heave advanced in price during the last month, and tho raw material of this quality, especially low crosshreds, shows the ! greatest appreciation on last sales '| rallies. As will be seen from the above figures, tho bulk of the offerings on the first day consisted of New s Zealand wool, and of these there was a very fair show of crosshreds. Fine crosshreds may be quoted from par to 5 per cent, dearer than January c rates, whilst medium crosshreds. I: apart from tho kinds suitable for i; America and for which there is an h abundance of competition, are 5 per cent, dearer. Coarse crossbreds are ' quoted 7} per cent, up, and in some cases (particularly for 3G's) the rise d is higher. Merinos are selling at » lato rates to o per cent, advance. West Australian wools are again :| making very high prices, the only k exceptions being some of the heavy, n earthy and wasty parcels, especially those containing large quantities : of sand, these latter heing difficult of sale oven on the basis of January values. The prospects of peace in the Near East appear to bo "brighter now, and should these indications ■' he realised, an increased demand i from the Continent should result. ~ As far as one can see at present. * it looks as if a maintenance of the « liigh prices 'now prevalent is pro- ' bable.