LONDON MARKETS.

Wairarapa Age, Volume XXXII, Issue 9672, 21 December 1909, Page 5

LONDON MARKETS.

HIGH COMMISSIONER'S CABLE. By Telegraph—Press Asoaciation. WELLINGTON, December 20. The High Commissioner's cable, dated London, December 18th, is as follows: — The demand for mutton is firmer on account of the small shipments being; expected from Argentina and owing to the coal strike in Australia. The best quality of Canterbury mutton is in small supply. The price is 3gd to 4|d. according to quality. North Island averages 3§d. The lamb marftet is depressed. Quantities of stale lambs are being placed on the market and low prices for lamb are increasing the uutput. Australian and River Plate new season's lambs are freely offered at average prices of 3£d to 4Jd and 3Jd to 4Jd respectively, according to quality. (Last week's quotations for New Zealand larab were: Canterbury 3|d, other New Zealand brands 3£d). The beef market is dull and supplies of Rive r Plate beef are heavy. The average price of hindquarters of New Zealand beef is 3£d, forequarters 2|d. The butter market is steady with a good demand. The market for New Zealand butter is demoralised, and in an unsatisfactory condition. Danish fodder-fed butter is firmly held, and prices for it have advanced since last week. New Zealand butter, which is of exellent quality, is being pushed for sale by weak holders. Prices have declined. There is no concentration of New Zealand interests. Shipments of butter and cheese per Tainui arrived in good condition. The average price of choicest New Zealand butter is 110s Danish 1275. The cheese , market is dull. The average price of New Zealand finest white cheese is 55s 6d, coloured 54s 6d. The hemp market is very quiet. New Zealand hemp good fair grade on spot £2B per ton, fair grade £27, Manila fair current £27, JanuaryMarch shipments New Zealand good fair £27 108, fair £26, Manila £26. The output of j Manila for the week was 16,000 bales. There is no change in the market j for wheat and oats (last quotations were—New k Zealand short-berried 39s 6d, Sparrowbill oats 19s 9d, Danish oats 17s). The beans market is firm, owing to reduced supplies. The price of New Zealand beans, f.a.q., new crop, per 604 lbs, is 40s. Peas—The market is firm with a hardening tendency. There is general and active demand for New Zealand Partridge peas at 55s per 5041b5. The hop market remains firm. Last quotations—New Zealand hops 115s, United States 140s, European 150s. The wool market is firm, especially for medium and coarse crossbreds. Current Bradford quotations for tops are —B6's, low -crossbreds, 13£ d; 40',s, low crossoreds, 14d; 44's, medium crossbreds, 15|d; 50's, halfbreds, 20d; 56's, qnarterbreds, 22|d; 60's, Merinos, 26id.