EFFECT OF WAR ON PRICES.

Manawatu Herald, Volume XXXVI, Issue 1280, 4 August 1914, Page 4

EFFECT OF WAR ON PRICES.

WELLINGTON, July 3. The High Commissioner’* cable, dated London. August 1 (Note: Quotations unless otherwise specified are average market

prices on spot), is as follows: Mutton: Market.firm wilh upward tendency ; Canterbury 4|d for light weight, heavy weight 4d; North Island 4id for light weight. Lamb: Market weaker, slightly lower a. a re«ult of heavy arrivals during the last month ; Canterbury two’s 6d ; heavy night four’s si<J; other Canterbury s£d for light, weight ; demand chiefly for very light weight. Beef: Market, very firm; New Zealand hinds sd, fores 3Jd; supplies of American chilled beef small; hinds 6id, fores 3jd.

Butter: Market very unsettled on account of European situation; Danish steady 131 sto 1345, Now Zealand firm 120 sto 1245, Australian firm 112 s to 114 s, Siberian

(unsalted) good demand 110 s to 114 s, Irish creamery 118 s to 12Cs. unsalted 120 s to 122». Cheese: Market quiet and steady at present and not affected to any extent by

European situation; Canadian white and coloured 63s to 655, New Zealand white 66s to 66s 6d, coloured 64. s to 655. Hemp: Market lifeless; New Zealand good fair £24 10s, fair £22 10s; Manila fair current £25; output from Manila for week, 16,000 bales. Wool: Market quiet. Grain: Excitement on market continues,

prices still rising; New Zealand wheat 39s c.i.f., “A” grade, Garten oats 23s e.i.f.; New Zealand peas (Partridge), 545; New Zealand beans, f.a.q. (new crop), 35s 6d. General: Business is at a standstill on all markets, except for food supplies. There is nothing doing because cover for war risks is impossible except at prohibitive charges: quotations nominal.