COMMERCIAL

Northern Advocate, 14 July 1925, Page 7

COMMERCIAL

LONDON MARKETS.

HIGH COMMISSIONER'S REPORT,

The Department of Agriculture has received the following cablegram, dated August 8, from the High Commissioner for New Zealand, London:

BUTTER,

Market firm. Official quotations are. New Zealand—Salted finest: August 8, 196s per cwt (Is BJd per lb); August 1, 195s to 196s per cwt (Is BJd to Is B|d per lb); July 25 194s to 19Gs per cwt (Is 8-|d to Is BJd per lb). Unsalted: August 8, 196s to 200s per cwt (Is B£d to Is 9Jd per lb); August 1, 196s to 200s per cwt (Is B|d to Is 9£d per lb); July 25, 196e to 200s per cwt (Is BJd to Is 9£d per lb). Other qualities: August 8, 188s to 190s per cwt (Is 8d to Is per lb).

Australian—Salted finest: August 8, 190s to 192s up to 194s per cwt (Is B£d to Is per lb); August 1, 189s to 192s per cwt (Is 8d to Is per lb); July 25, 188s to 190s per cAvt (Is 8d to Is BJd per lb). Unsalted: August 8, 192s to 196s per cwt (Is to Is, 8-f d per lb); August 1, 192s to 194s per cwt (Is B£d per lb); July 25, 190s to 194s per cwt {Is BJd to Is B£d per lb). Other qualities: Salted, August 8, 172s to 188s per cwt (Is 6£d to Is 8d per lb); unsalted, August 8, 180s to 190s per cwt (Is to Is B£d per lb).

Argentine—Finest: August 8, 182s to 188s per cwt (Is to Is 8d per lb); August 1, 182s to 188s per cwt (Is to Is 8d per lb); July 25, 180s to 188s per cwt (Is 7|d to Is 8d per lb). Other qualities: August 8, 176s to 180s per. cwt (Is 6fd to Is ?£d per lb).

Siberian—August 8, 176s to 180s per cwt (Is 6Jd to Is 7Jd per lb); August 1, 175s to 180s per cwt (Is 6£d to Is 7sd per lb); July 25, 172s to 180s per cwt (Is 6M to Is 7£d per lb).

Danish—August 8, 206s to 208s per cwt (Is 9fd to Is lOd August 1, 204s per cwt (Is 9£d per lb); July 25, 198s to 200s per cwt (Is BJd to Is 9d per lb).

CHEESE. Market steady. Official quotations are:—

English—Finest farmers': August 8, 126s to 130s per cwt (Is to Is 2d per lb); August 1, 126s to 130s per cwt (Is to Is 2d per lb); July 25, 126s to 130s per cwt (Is 1-Jd to Is 2d per lb).

Canadian—Coloured (firm): August 8, 108s per ewt per lb); August 1, 107s to 109s per cwt (Hid to per lb); July 25, 108s to 110s per cwt (Hid to llfd per lb); August 8, exceptional up to 110s per cwt (llfd per lb). White: August 8, 108s to 110s per cwt (llid to llfd per lb); August, 1, 107s to 109s per cwt (llid to 11-Jd per lb); July 25, 108s to 110s per cwt (Hid to llfd per lb).

New Zealand—Coloured: August 8, 108s to ,110s per cwt (11-Jd to llfd per lb); August 1, 108s to 110s per cwt (llfd to llfd per lb); July 25, 108s to 110s per cwt to llfd per lb). White: August 8, 109s to 110s per cwt (llfd per lb); August 1, 108s to 110s per cwt to llfd per lb); .July 25, 109s to 110s per cwt (llfd per lb).

Australian—Coloured: August 8, 106s per cwt (ll£d per lb). White: August 8, 108s per cwt (llsd per lb).

Estimated stocks of cheese on hand August 1, London, Liverpool and Bristol were:— Canadian and American: 203,700 boxes. New Zealand and Australian: 41,150 crates, against 112,500 and 65,000 same time last year. Shipment of New Zealand produce arrived this week per s.s. Rotorua. HEMP AND WOOL. Hemp—Manila market dull and lower. "J" grade, August-October shipments, quoted at £45 10s value. Output January 1 to August 3, 699,000 bales, against 923,000 same time last year. New Zealand market quiet, value nominal and unchanged.

Wool—Yorkshire strike ' has not been terminated; little business has been done. Nominal quotations for tops:—64's (merino), warp, 4s 4d; 64's (merino) average, 4s 3d; others unchanged.

WESTFIELD PRICES.

Dalgety and Company, Ltd., report as follows on the Westfield sale o.u Wednesday:—

Beef.—There was a moderate yarding. Prices opened at last week's rates, but improved as the sale progressed by fully 2/ per 1001b. This rise was maintained until practically the end of the sale, when things again eased slightly. We quote: Extra choice ox, £2 2/ per 1001b; choice prime, £1 18/ to £2; other, £1 15/ tj £1 17/; prime young cow and heifer

beef made £1 15/ to £1 19/; others, £1 10/ to £1 14/.

Sheep.—Although, only a medium entry, some nice well finished linos were penned, and prices were equal to late quotations. Extra heavy prima wethers made £2 5/ to £2 8/6; heavy prime, £2 2/ to £2 4/6; light, £1 18/ io £2 1/; others, £1 .15/ to £1 17/(5; best heavy prime ewes, £1 15/ to £1 19/6; medium prime, £*1 .12/6 to £1 14/0; others, £.1 8/ to £1 32/.

Pig Si —a small yarding. Baconers were dull of sale, at prices slightly lower, but porkers remained unchanged. Heavy baconers made £3 17/ to £4 1,/r light medium baconers, £" 11/ to 16/; heavy porkers, £3 7/ to 3 16/; light and medium, £2 5/ to £3 6/.

Calves sold at late rates. Heavy vealers made £4 5/ to £5 5/; medium, £3 5/ to £4 4/; light, £2 10/ to £3 4/; small, £1 8/ to £2 8/.

We also report having held our usual monthly sale at Paparoa last Friday. There was a good yarding of pigs and cattle, and in spite of the inclement weather buyers were present in large numbers from the North, and as far south as Waitoa. The sale was one of the best ever held in Paparoa, prices for all classes being considerably in excess of last month's sale. We report:—

Pigs.—Baconers to £4 1/; porkers to £3 1/; sows in pig, £2 10/ to £8; good stores, £2 to £2 3/; good slips, £1 15/ to £1 18/; fair slips, £1 7/6 to £1 13./; small; 19/ to £1 4/; fat cows, to £12 7/6 for an extra heavy S.H. cow, on account of Messrs. O. and R. Coates. Others, £10 15/, £9, £8 10/, £7 15/, £6; 4-year S.H. bullocks, fair condition, £S to £8 6/; 3 and 4-year S.H. steers, £7 to £7 11/; 2£ to small 3-year steers, £6 to £6 10/; good 2-year S.H. steers, £5 to. £5 17/.