LONDON MARKETS.

Wairarapa Age, Volume XXXII, Issue 9687, 11 January 1910, Page 6

LONDON MARKETS.

HIGH COMMISSIONER'S REPORT. The Commerce and Trourists Divi sion has received the following cable from the High Commissioner, London, dated January Bth, 1910: — There has been a better tone in the mutton market this week; the stock on hand is being reduced. The average price of Canterbury mutton is 4Jd per. lb; supply practically exhausted; North Island, 3fd. The lamb market is quiet. The stock of New' Zealand lamb is small; many stale carcases are being placed on the market; prices range from 4£d to 3|d per lb. The beef market is weak, with little demand. New Zealand hindquarters average 3d per lb; forequarters 2|d. There is a better demand for butter. The market is firm with a hardening tendency. Holders are less anxious to sell. The shipment of butter and cheese per s.s. Rimutaka arrived in good condition. New Zea-

land butter is giving satisfaction to buyers. The • average price J#f choicest New Zealand is 112s per cwt; Australian, Argentine and Siberian, 108s; Danish, 1225. There is a better demand for cheese, and the market is firmer. New Zealand cheese is giving satisfaction to buyers; average price of finest white, 56s per cwt; coloured, 555. The hemp market is very quiet, nothing is doing, and quotations are nominal. Zealand good fair grade on spot, £2B per ton; fair, £27: Manila, fair current, £26 10s. January-March shipments—Good fair £27; fair, £26;, Manila, £25 10 s. The stock of New Zealand hemp on hand is 157 tons. The Manila output during the last two weeks was 30,000 bales. The wool market is firm, and prices continue to advance. Prospects are favourable. Current Bradford quotations for tops are:—36's, low crossbreds, 13idperlb; 40's, ditto, 15d; 44*s, medium crossbreds, 16£ d per lb; 50's, halfbreds, 20|d; 56's, quarter-breds, 23d; 60's, merinos, 27d.