LONDON MARKETS.

Taranaki Daily News, 28 January 1921, Page 8

LONDON MARKETS.

HIGH COMMISSIONER’S CABLED REPORT. The Department of Agriculture has received the following cablegram, dated January 22, from the High Commissioner for New Zealand: — “Meat—Home-killed, prices remain firm; supplies shorter owing to small supply of Irish on account of foot and mouth disease in Ireland limiting export. Average prices are: Beef Is 5Ad. mutton Is 9%, lamb 2s 2d per lb. New Zealand meat in good demand at unchanged prices. “Butter. —Irish, prices have declined, and now selling at £l5, £l6 10s per cwt. wholesale, and 3s 2d per lb retail. Government, no change in price £l6 16s per cwt. wholesale and 3s 4d per lb retail, but owing to high price full allotment of two ounces per head i not taken up, and some retailers accepting 3s 3d per lb. It is reported that from the 7th of next month retail price Government butter will be reduced to 3s per lb. “Cheese. —Demand for English remains quiet up to £9 per cwt. (Is 7d per lb). Canadian, steady demand, small supplies, £7 15s to £7 18s per cwt(approximately Is 4%d per lb) for white, and £7 18s, £8 per cwt. (approximately Is 5d per lb) for coloured. Zealand cheese, good spot demand ex Shropshire and Tainui, at £7 14s, £l7 16s per cwt. - (approximately Is 4jd per lb) white, and £7 18s, £5 per cwt. (approximately Is 5d per lb) coloured. Government cheese selling slowly at Is sy ( ,d per lb wholesale and Is 8d per lb retail. Reported to be still 10,000 tons to be disposed of. “'Hemp.—Manila market dull and inactive. prices lower. ‘J’ grade OctoberDecember shipment sold at £54 10s per ton. Sellers quote February-April shipment about same price. Output Manila last year 1,070,000 bales compared with 1,101,000 bales in 1919. New Zealand market dull, with sales highpoints and I fair due £5O 10s per ton, and sellers of fair on spot at £49 per ton. JanuaryMarch shipment being quoted, highpoints £5l, fair £49 per ton. “Government wool sales curtailed two days and closed yesterday- Total quantity catalogued * having been 63,064 bales, consisting of 49,833 bales Australian and 12,654 bales New Zealand, 577 bales' sundry. Attendance large throughout. but limit too high during great part of series, and less than 30 per cent, offering sold. With reduction of limit at close buyers operated more freely, and more than half quantity sold. Average closing values were: 60s • to bis (merino). Is 8d to 2s 4d per lb’ 50’s to 56’s (half-bred), Is 2%d to ? tls’ 7id per lb; 48’s (fine crossbreds). ? Is l|d to Is 5d per lb; 44’s to 46’s 3 (medium crossbreds) lOd to Is IM pel 8 lb; 36's to 40’s (coarse crossbreds), 9d ’( to' lOd per lb. Coarse crossbreds ne--1 glected and prices given nominal only, | Wednesday Australian free wool sales well attended. Owners met maikei | readily, fully 5 per cent, below GovernJ ment limit, 'and most offering sold. Fret •> sales will take place also three days a next week. / | “Honey-—Neglected: 1671 packages I various sorts offered at this week s publie sales, and all withdrawn.’