LONDON MARKETS.

Wairarapa Age, Volume XXXII, Issue 9542, 14 July 1909, Page 6

LONDON MARKETS.

HIGH COMMISSIONER'S CABLE. The Department of Industries and Commerce has received the following cable from the High Commissioner, dated London, July 11th:— The mutton market is very dull. The supply exceeds the demand, and stock is accumulating. The situation is alarming. Canterbury is quoted at 2fd per lb, and North Island at 2!d per ib. The lamb market is very unsettled, and there is a dull sale for heavy carcases of lamb. Slocks of lamb on hand are heavy, and are widely distributed amongst agent?, who are pushing sales. The weather lately has been very unfavourable to the sale of lamb, and stock is accumulating. Canterbury lamb i« quoted at 3£d per per lb, and no North Islandjii; 3sd per lb. The beef market is firm, and there is a better demand for beef. New Zealand hinds are quoted at 4?sd per lb, and fores at 3d per lb. The butter market is steady, and holders are firm. Choicest, New Zealand is quoted at 106s per cwt; Danish, at 112s per cwt.; and Siberian, at 102s per cwt. A question is to be asked in Parliament concerning the excessive moisture in New Zealand butter. The cheese market is firmer. New Zealand is quoted at 60s per cwt, and Canadian at 58s per cwt. The hemp market is steady, and holders are firm, but there is little demand. New Zealand good fair on spot is quoted at £23 10s per ton; New Zealand fair grade on spot, £22 10s per ton; fair current Manila on spot. £23; JuJy-August shipments New Zealand good fair, £23; New Zealand fair grade, £25; and fair current Manila £22 10s. The Manila output is 25,000 bales. The cocksfoot market is very dull. The gum market is quiet. Ordinary to fttir ttireequarter scraped is quoted at 1655; tair half-scraped, 105s; brown fair, half to threequarter scraped, 90s; brown pickings, common good, 40s; bush, fair to good pale and amber scraped 140s. The wool market is firm.Jjbut there are no signs of excitement. There is a general and active demand at opening rates.