COMMERCIAL.

Manawatu Herald, Volume XLII, Issue 2219, 23 December 1920, Page 3

COMMERCIAL.

THE LONDON MARKET,

Department of Agriculture has received the following cablegram, dated 18th instant, from the High Commissioner for N(|w Zealand, London: — Meat. —Fresh meat trade brisk this week. Market quieter latexowing- to competition Continental "meat. Absence of chilled beef: supplies noticeable. Average prices arc; English, beef Is 44d, mutton Is 7/jd; lamb Is lid per lb. Imported, fair trade. Butter. — Price British tended lower this week. Irish, market very depressed and prices are much lower; new, salted, £lO per cwt. (3s 4;]d per lb.); stored, nominally, £l6 16s per cwt. (3s per lb.). Danish now free and purchases have been made ■ oh British account at £l4 16s per cwt. (2s 73d per lb.) f.o.b. Cheese—Very little business in English this week at last quotations, viz., £7 10s to £9 6s per cwt., Is 4d to Is 8d per lb. Irish (mutilated word) at £6 4s to £7 per cwt. (Is l.jd to Is 3d per lb.). Canadian, spot, market steady; white £7 ,8s to £7 16s per cwt. (Is 3;]d to Is 43d per lb.); coloured, £7 14s to £8 per cwt. (Is 4ld to Is 5d per lb.). C.i.f. business practically linished for this season; latest offers £7 to £7 5s per cwt. (Is 3d to Is 31 d per lb.).

Wool.—Sales have closed. Attendance largo throughout, but competition slow. Conditions have not improved since opening. Two days sales have been cancelled, and total offerings were 54,093 bales, instead of 80,000 bales, including 8,903 bales of New Zealand. Good medium quality Now Zealand wool realised about last sales prices, but liner grades have declined. Coarse neglected. Average closing values were: 60’s to 04's (Merino), Is lOd to 2s 7d per lb; 50’s to 50’s (halfbred) Is scl to Is lid per 11).; 48’s (tine crossbred), Is 3d to Is scl per lb.; 44’s to 4(i’s (medium crossbreds), 3ld to Is 3d per lb,; 3G’s to 40’,s (coarse crossbreds), lOcl to Is per lb. All prices are more or less nominal as less than one third of total offering were sold. At yesterday’s free sales 0,000 bales of Australian were Offered, and met with good competition, and practically all were sold at about ten per cent, below Government limit.