COMMERCIAL.

New Zealand Herald, Volume LVIII, Issue 17730, 15 March 1921, Page 3

COMMERCIAL.

THE LONDON MARKETS. HIGH COMMISSIONER'S ADVICE. [BT TELEGRAPH. —PRESS ASSOCIATION".] WELLINGTON*. Monday. The High Commissioner cables under date London March 12 as follows: — Meat—Home killed in email supply. Average prices are: Beef. Is B\d per lb: mutton, lls 9d per lb.; lamb. 2s lid per lb. There j are moderate supplies of chilled beef at the maximum price. The market is affected by the large supply of frozen beef, a larse proportion being of inferior cuality. Prices arc irregular. For prime Arjenimo ox. frown, lid and 7d is being obtained, but for inferior quality the price is about as low as 8d and 6d, tor hinds and fore* respectively. , In New Zealand beef sales and quotations i are nominal. New Zealand mutton owned ! by the Imperial Government is difficult to sell owins to being heavy-weight. Free New Zealand light-weight mutton and lamb is selling froelr At maximum prices. Butter.—The position has sot changed. English is in small supply. The average price is £18 13s per cwt. (3s 4d per lb.). Irish is Quoted at £13 10s to £15 (2s 5d to j 3s 8d per lb.). Cheese.—English is scarce and firm at ! £8 8s to £9 2s per cwt. fid to Is 7*d 1 per lb.). Canadian, which is in small supI t>!y. white £7 14a to £7 ISs per cwt. (Is 4id ! to le 4{d per lb.), coloured £S to £S 4a per I cwt. (la 5d to Is 6id per !b.). New Zealand whhe is selling freely at £7 6s to £7 8s 'approximately Is 3}d per lb.), but coloured is practically cleared and is quoted at £7 ISa to £8 per cwt. (approximately Is 5d p<t lb.). Australian, white. £7 'is to £7 6s per cwt. 'Is 3id to Is 3!d per lb): coloured. £7 13s to £7 18a per cwt. (le 4*d to Is 4{d per lb.). The final allotment of Government cheese is being made at la 4id per lb. wholesale, and Is 8d per lb. retail. Hemp.—The market is a little steadier- " J " grade. January-March to March-May ehipmenta. now quoted at £38 per ton. The New Zealand market continues inactive, with buyers of high points afloat at about £49 to £44. but theTe are no sellers at these prices. Spot is quoted at £45 and a fair March-May shipment at £40. Quotations are nominal. Wool. —The Bradford trade is dull and very little new business ie passing in either tops or yarn. Prices are in favour of buyers. Tope quotations are nominal. 64'e. Merino. 3s lid; 56's. super half-bred. 2s 7d; 40'e. coarse crossbred, prepared. Is 3Jd per lb. Hops.—The trade is still controlled. All English has been released by the controller, and the greater part are in the hands of brewers. The control price to growers for this eeason has been fixed at an average of £17 10s. SHEEPSKIN SALES. Australian and N.Z. Cable Association. (Reed. 5.30 p.m.) LONDON. March 12. At the Government sheepskin sales 6383 Australian bales were offered, and about 4500 sold, at a decline of 10 to 15 per cent. ENGLISH. SCOTTISH, AND AUSTRALIAN BANK. | Australian and N.Z. Cable Association | (Reed. 5.30 p.m.) LONDON. March 12. The English, Scottish and Australian Bank is arranging to absorb the Commercial Bank of Tasmania. EWE PRICES IMPROVED. [BY TELEGRAPH. —OWX CORRESPONDEXT. j CHRISTCHTJRCH. Monday. At Amberley ewe fair to-day the attendance of buyers was particularly large, and right from the outset there was an improvement in prices as compared with earlier North I Canterbury ewe fairs. Competition for the ; best lines of two-tooth ewes was fairly j spirited. The best price of the day was j secured by Sir George Clifford for a draft i of -299 halfbred two-tooth ewes, which made I 30s 6d. A similar line on account of the same vendor made 58s 6d at the fair last I year. I '