LONDON MARKETS.

North Otago Times, Volume XXXVII, Issue 8171, 1 May 1895, Page 4

LONDON MARKETS.

Tlio National Mortgage and Agency Company reports under date London, March 22ud, as follows :

WOOL. The second series of tho Colonial Wool Auctions for the current year commenced here on the 7th instant. There wasa good attendance of the trade at the opening sitting, and prices for merino stap'o in grease, generally showed a riso of about 5 per cent, tins, however, was inoro particularly notijpable in tho case of heavier and wastier descrip'ions, than in tho better and lighter sorts, which, although strongly compoted for, wore not quotably doirer than on the last occasion. On this basis (he market has progressed firmly —tho tono being stronger than at the opening —some descriptions showing a further advance of 2^ per cent, t-coured merinos of good body and condition have not differed much from last sales, but most) of the lower kinds, including fnulty descriptions, are £d, and sometimps even Id, dearer. Cross-breds of the h'ner grade havo shown little, if any change from last time; bright coarse qua'ities, especially when of good length (so much of this class from the North Island of New Zealand being this year deficient in length), havo appreciated about !d, while low inferior nnd very wasty sorts, which last sales were exceedingly do pressed, now moot with a ready salo ab an advance of to Jd per lb. Slipes havo hardly been represented — the fow lots catalogued, howerer, have meb firm competition ab about £d advance on closing February rates. As at present arranged, the current series will close on tho 30th instanb.

MEAT MARKET, The frozen rapab trade still suffers from excessive supply, and the pressure of sales to make room for oxpected arrivals. Besb Canterbury mntton cannot be quoted above 2s 3d to 2s Od ; a few selected carcases occasionally 2g Gd. Secondary sheep range from la 8d to 2s. Lamb 3s 2d to 3s 4d for prime, 3s Gd id rarely reached. Australian mutton of all sorts about Is 7d to la Bd. Lamb 2s to 23 4d. Frozen beef keeps firm, owing to the shorter supplies from Araorica, although this ha 3 nob told yeb on the trade in mutton.

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] Prime Scotch mutton (wetheis) „, Prime English Mutton (wethers) Primo New Zealand Mutton (wethers) „ Secondary NcwZcnUml Mutton Kwcs and Inferior New Zealand Mutton Prime Australian Mutton ... Ordinary „ „ River Plate mutton Prime New Zealand lamb ... Secondary „ „ Pi nne Australian lamb ... Secondary „ „ Prime Scotch beef (sides) ... Prime English beef (sides) ... American boef (hindquartois) Ameiican beef (forequarters) New Zealand beef hindquartcra) New Zealand beef (forcquai I - ters Queensland beef (hindquarters) Queensland beef (forequarteia) ... Per st. of 81bs. b. d. s. d. 4 8 to 5 4 44„ 5 0 22„ 2 6 l8„ y o 17„ 1 X 17„ 1 S 17„ 1 8 17,,32„ 3 G 28„ 3 2 20„ 2 4 1 10 „ 2 0 3 10 '„ 4 0 3N „ - 3 (5 „ ;{ 10 2 (j „ 2 S ~~ i> ~" 31„ 3 2 24„ 2 0

To-day's London quotations aro as follows ;

Catalogued, bales. Withdrawn, bales. New South Wales und '.Mioenslnnd . , Victmnv ... „, South Australia, W «M» in Australia ... TasmuiM ... „, New Zealand . , .., Oiipc <uul Natal G7.075 ;«,lG(i 14 015 260f) ■170 .•50,642 1.5.7C9 lisi ;n7 10 897 1152 Total 108,076 5701

The following table shows the quantities catalogued and withdrawn up to and including last night's salos :