NEW ZEALAND PRODUCE.

Wanganui Chronicle, Volume L, Issue 12385, 4 December 1909, Page 3

NEW ZEALAND PRODUCE.

11 , " WOOL. | 5 (From Own Correspondent.) 6 I

LONDON", October 22. My correspondent at Bradford writes The market is still somewhat under to influence of the general desire to t wool prices down. By common cons at there is a universal lorn actual business in raw material, ]though us:'rs are keen, enough in their i quiries. lest by any chance the manket I :>uld take an upward turn. Generilly sellers are by no means rjushing jles. and as regards forward selling for m Tinos, there is perhaps less disp-osi-ti hi to take I'iVks than there was, and t that extent the market may be j c dto be firmer. For prompt delivery t -ere has bo en no change in prices at ill as regards merinos or ■crcssbred. In 1 iglidi wools there is some indisposii ;i to do any busiuj-js, and Holders are J >-i iiplv waiting. 1 * FitOZEN MEAT. Wliolosale prices of mutton and lamb 1 ive undergone' what is stated to be an i precedentod advance, owing, it is ex--1 liiK'd by Messrs Tower and Co., of + 1 :■ Central Meat Market, to unexpectedly short shipments from the Argentine, as the result of the recent drought laid also from New Zealand and Australia. This increase at once suggests the probability of a rise in retail prices, but inquiries yesterday indicate that this is by no means certain to follow, inasmuch as butchers have for some time been buying frozen mutton and lamb on exceptionally iavuurable terms, j which have not been" reflected in reduc!ed charges to the consumer. The re- ! markably low level at which prices have j niled during the summer in the wholesale, trade is shown by the following figures referring; to New Zealand (North Island) mutton aiul lamb, taken from ; a market circulu* issued by one of the !eadi:i<>- meat importers:— I 1909 May '28—Mutton, 1 7-8 dto 2 * 5-Sd per lb ; lamb, 3|d to 4.3d per lb. ! August 13th—Mutton 1 7-Sd to 2^l ; per lb; lamb. 3d to 3-id per lb. Octobe:- ---: loth—Mutton 4 l-8d to 4M per lb; : lamb, 4!d to uj^d per lb. I 1908/ August 13th—Mutton, 3gd to '. S|d; lamb. s^-d ta ujcl per lb. I The above prices show the graat jump ' that was made in prices by Friday last. All classes of mutton rind lamb were correspondingly low during the 1909 summer.

Receipts of hest have been unusually heavy, and as the supplies of chilled beef'have als-j been very heavy, the market has weakened with a downward tendency. Tli c quality of a good deal of tho New Zealand beet" has left much to ba desired, but some of the Australian beef ha> been particularly prime. For the period from January l^t to , October loth, 1939, New Zealand has ' sent t:> this country 1,080,853 frozen tl'eep, 277,563 more than during the corresponding period of last year, and y.029.597 frozen lambs, an increase of c51,(371. From Australia the exports hae also increased, in sheep by 560,975, tho figure? for this year being 971,990 and in lamb?, by 58,461, tins year's Jigures being 1,020,787. Of frozen beef New Zealand has sent 2(58,7-15 : quarters and pieces, 112,754 more than d'triti^ the corresponding period of last I year, and Australia 179,044, which is an .increas3 cf 134,437.