COMMERCIAL

Manawatu Herald, Volume XLIII, Issue 2243, 24 February 1921, Page 3

COMMERCIAL

LONDON MARKET. The Department of Agriculture has received the following cablegram dated 19th inst., from the High Commissioner for New Zealand, London: — Meat. —Chilled beef continues in large supply at previously quoted prices, viz.: Fores Bd, hinds 10td to Is per 11). Result is Home killed beef lower at Is 4Ad per lb., and little demand for New Zealand beef. Home killed mutton Is 9d, lamb 2s otd,Aper lb. Six thousand New Zea.land lambs from America, mainly owned by Swift and Armour, placed on Smithfield market this week; Canterbury brand, first and second quality, in good demand, all at maximum price (Is Id per lb.). In consequence, demand has fallen off considerably for New Zealand cut lamb sold on Government account. Butter. Average prices are: English, £2l per ewt. (3s 9d per lb.) for small supplies available; Irish, £l4 to £ls 10s 6d per ewt. (2s Gd to 2s 9.}d per lb.). Stated to be large supplies in Ireland owing to withholding of export certificates. Government butter no change (£l4 18s 8d per ewt. wholesale, 3?per lb. retail).

Cliee.se. —Wholesale price of Government cheese has been reduced to Is 43d per lb., but retail price maintained at 3s 8d per lb. English scarce at £Bs 8s to £9 2s per cwf. (Is fid to Is 73d per lb.); Canadian slow at £7 14s to £7 Ids per ewt. (approx. Is 4£d per lb.) white, and £7 Ids to £7 18s per cwt. (approx. Is 42d per lb.) coloured. New Zealand, demand restricted at reduced prices, white £7 6s to £7 12s per cwt. (Is 34d to Is 4}d per lb.), coloured £7 16s to £7 18s per cwt. (approx. Is 4Jd per lb.). Hemp.—Manila market is inactive on account of absence of demand. Nominal quotations are: J grade, November-January to Feb--ruary-April shipments £44 per ton, and possibly sellers at £43 per ton. New Zealand neglected. Nominal values are: High point afloat, about £45, fair £43 per ton. Wool. —Bradford position weaker now, business on account of United States practically finished. Tops, nominally, 64’s 4s 3d, 56 s 2s lid, 40’s, prepared, Is 4d per lb. At Hull Government sales 'Wednesday 101 bales of New Zealand and 18,731 bales of Australian were offered. Good attendance Home trade, but Continental support poor. Superior merinos maintained prices; medium and inferior declined 10 per cent. Crossbreds neglected and largely withdrawn.