BRITISH TRADE.

Hokitika Guardian, 23 December 1921, Page 1

BRITISH TRADE.

HIGH COMMISSIONER’S* REPORT. WELLINGTON, Dec. 21. The Department of Agriculture has received the following cablegram, dated December 17, front tlie High Commissioner for New Zealand, London: MEAT.

-There is no change in the market, but a somewhat better inquiry for best quality lamb at. an unaltered price. Beef is in poor demand and closed below the price quoted. Present quotations are: New Zealand mutton, lightweight Aj l l to bid, heavy-weight, I’d to ■l’Jd. ewes 4.jd : New- Zealand lamb, light-weight, 7;fd, heavy-weight, 7<l to 7Jd: New Zealand beef, ox, hinds oil, lores ;(;[() ; Argentine chilled beef, binds 7d, fores Id. BUTTER.

Tlie market continues weak and irregular. owing to huge supplies arriving from all sources, and prices have declined further. Official quotations are : - Danish, ls2s to ids : Australian, salted, 12<is to l.'t-’s. unsalted, lo2s to Ib<s : New Zealand, lolls to lobs, exceptional loSs: Argentine, unsalted Litis to I IPs per evrt. Towards the end of I !iis week much lower prices were accepted, sales of New Zealand having been made at as low as I !©s per rut. mi? Esi?.

The market is quiet and very little business is being done. English, linos! farmers I 10s to 1 l"> ; Canadian, white |ll-Js to lifts, coloured 100 s to DUs: New Zealand, white !M)s to 98s, coloured 00s to Oils per cwt. CASEIN. Rennet, French, is unchanged at CO I to LTi I per ton; British declined to C per ton. HEMP. The Manila market is inactive and unchanged. “J” Grade, August to December shipments, is quoted at £37 per ton by sellers. The arrival of “J.” ami lower grades is still unsatisfactory with regard to strength. The position in Manila is firmer than in London and dealers decline to make uifers, consider-

ing present market prices are too low. The output from January 1, to December 12, was 684,000 bales against 1,023,000 bales last year. New Zealand market continues dull, but has a somewhat firmer tone. Oetober-Decemhcr shipment high points are quated at C'3o 10s. fair £33 Ills per ton by sellers Considerable quantities of Mexican si sal have been sold to Europe during the last few months at a gradually declining price, hilt the market is steadier now and no further decline has taken place during the last two weeks. Fresh sisal commands a premium over old stock offered by U.B.A. holders. Present quotations are, fresh current, white C3O 10s per ton e.i.C Europe. EGGS. The market is somewhat weaker and supplies exceed demand. Present, quota ion* per long hundred are: -English 465; Irish 40s to 455; Danish 40s to 46s Argentine 17s to 20s; Styrinn 20s to 225; Russian 20s to 225; South African 21s to 24s ; Moroccan 14s 6d to 17s Gd ; Rumanian 20s to 225; American 21s to 245; Canadian 21s to 245; Australian 28s to 2195. WOOL. At the B.A.W.R.A. Hull sales this week 20.000 bales were offered of which 0 000 were New Zealand. Competition was active and all bidding keen. Tlie bulk of tbe olficerings was sold. Aforinoes closed 71 per cent cross breds coarse 5 per cent medium and fine 10 percent to 15 fier cent above closing rates at tbe recent London series. Tbe Bradford market is firmer and the piece goods trade shows an improving tendency.