NEW ZEALAND PRODUCE.

Wanganui Chronicle, Volume L, Issue 12388, 8 December 1909, Page 3

NEW ZEALAND PRODUCE.

My correspondent at Bradford writes •- —ln the merino trade the, market is solely concerned with the problem of I finding a new basis off values. As to I what that may ba spinners differ wideI ]y.' Cables from Australia this week I do not by any means suggest the slump which is sometimes referred to here. Adelaide is reported as par to 5 per cent, down; Sydney is rather firm m tone if anything. This market is evidently below any other of the world's markets. The spot market, however, continues very firm, and but little impression can 6e made there. As regards <rosibrods, the impression made has been very (slight Indeed. There is some business going! on for actual consumption, and the giving way is merely fractional. English wools, such as bhropshires, Downs, and halfbreds are very well sought up, and have been going steadily for America, so that tlm stocks here are reduced to a very, small compass. FROZEN MEAT. The trade at Smithfield has not been quit© so firm owing to -most holders realising a part of their stocks. Supplies, however, of both fnutton and lamb are in few hands and values are likely to remain at their present level for soms little time. Heavy supplies of chilled beef have affected the frozen article. Little business is being done at values practically unchanged from last week. The advanced prices for frozen lamb have been maintained, but speculation appears to have eased for the present. \ <n-eat many lambs have changed hands within the last fortnight, but they are not going into consumption, any more rapidly than is usual at this last stage of the season. The situation is not entirely satisfactory, and a disposition to sell is now noticeable. There is still a number-, of last season s lambs afloat, and an improvement in the retail demand would be welcomed. There was* a distinct improvement in the value of fore quarters of beef at the end of last week, and good business was done on the expectation of a shorter ! supply of chilled beef. The demand is now quieter, but prices are maintained. Hinds have also advanced, but meet a slow^sale. BUTTER. The improved animation shown last we?k in Australian and New Zealand butters has further developed; business has daily increased, and prices have shown a sensible upward movement. Inquiry for unsaited is more active than for salted. " Choicest " new season s Victorian make 114s to 116s per cwt; unsalt.ed 116s to 118s and New Zeai buds, 16s to 118s; unsalted brings 120s to 122s per cwt. CHEESE. The market remains quiet, and values are virtunllv unchanged. Cables from Canada offer Westerns as low as 54s 6d ' i:or cwt. c.h.f. for October make. New Zealand cheese afloat si mounts to 920 I tons in the Ruapehu, which sailed a few tlavs back. HEMP. The National Mortgage and Agenc> Company of New Zealand report. Octo- . her 22nd :—The market continued very firm and dearer. Gcod fair Septem-ber-November sold ot £27, find fair October-December rt £2.), nho JanuaryMarch sit. £ nK TV-fo,- p : ,~od fnir was done at £27 10.i "■ ;• October-December shipment, and with a firm markot and very few fellers gradually raire:! thoir prices to £28 for gf.-od fair, and £27 for fair. Business has bren vevy limited, owinjr to diffi^ultv of g-ottina: offers from? the other side. The renrkrt plnspl* easier, and fair October-December sold at £26 10s.