COMMERCIAL.

New Zealand Herald, Volume LX, Issue 18494, 3 September 1923, Page 5

COMMERCIAL.

LONDON TALLOW MARKEf. The New Zealand : Loin and Mercantile Agency Company, Limited, , have received the following,- cablegram .from'-, their- London office, ' under date August 29:— ' Tallow..—We quote present spot values for the following descriptions: Pine mutton, 42s per owt.; good beer, ti9o 8d per ewt.;: mixed, atis (3d. Market QUiel;. ."-.-: ,: ; .....;.

DAIRY PRODUCE IN LONDON, A. H. Tumbull and Company »re in receipt of a oaDiagr&m from to'.. Weddel and Company, Jjimitea', dated September U7, regarding the dairy produce market, as follows:— .:•' ■'•'.,,•".■■'■'".. Gutter.—Danish; lflOs to 192b j • Now Zealand, first grade, unsulted, 188s to 190 ft; fcew Zealand, first grade, salted, 185s to ■188s, market firm. ■ •••;•'-:- ' - Vt ,.. Cheese.—New Zealand, first grade,, white, 118s jo 120s; N».y; Zealand, first grade. Coloured, 118s to 12()s. Market firm,

FROZEN MEAT-QUOTATIONS. Messrs. Mi A. Elliott. Ltd., Palmerston North, have received cable advice from Gilbert Anderson and Co.. Ltd.. London, of the following Smithfleld prices for the past week, prices being on' the delivered basis, including storage charges, oartago, ; etc. :— Best North Island prime orossbred lambs, under 421b. lid; ordinary North Island lambs, - under '421b, 10jd i second quality, under 421b, 9Jd; beat; North Island wethers, or maiden owes, 48 to 561b. 8i; 66 to 611b,' 84-; 64 to' 721b, 7id-,: ordinary North Island wethers or maiden owes, 48 to 6Glb. Bid; 50 to 841b. 8d; 64 to 721b, 7*d: North Island ewes, under 641b, 6id; 64 to 721b, 53d; over 721b, 6}d; New Zealand prime ox beef. equal fores and binds, 160' to 2201b, 3Jd; Down lamb, no quote; other lamb no change; withers, par to Ad higher; ewes, par to .id higher oeef, no change. There are. small supplies of chilled beef afloat. Hinds, 7}d; fores, B}d.

BRITISH INDUSTRIES FAIR, 1924. His Majesty's Trs.do Commissioner in New Zealand has received advicti that the British Industries Fair, of 1924 will be held' at the White City. Shepherd's Bush, London, from April 28 to May 9» and at Castle Bromwick, Birmingham, from 1 May 12 to 23.: The fair will take place at a later date than has beon the case in previous years, when both sections have opened during the latter part of February. Tha chance of date is duo to the fact that overseas- buvers who, in the usual way, visit the United Kingdom , in the early part of the year, will in all probability delay their visits in 1924 so that they may be able to inspect both the British Industries Fair and the British Empire Exhibition, which will open on or about April 15.

OIL WELLS IN GREAT BRITAIN. Discussing the :recent search fo? oil in Great Britain, Mr. H. P. 'W. Giffard, of the Board of Trade, described to the,summer moetinc of the Institution of Mining Engineers, held in Glasgow, the operations in Derbyshire, North Staffordshire, and Scotland. In Scotland two borings were put down in the Midlothian districtat West Calder and D'Arcy, Dalkeith. The presence of gas and the discovery of a really good ♦bowing of high-grado oil at D'Arcy were encouraging, and 'there was plenty of scope for further exploratory drilling in the neighbourhood. Seoptnga of petroleum were known near Kilsyth and other points in the Lothians. In Britain eleven wells had been sunk, and in one district where oil-de'-ioMts were not previously known one well had produced over 6003 tons of oil, and was- still flowing, One- well had produced seven tons of oil, four other wells had shown traces of oil, and fiv*» wells h<*d b«rc» drv. It had been shown that oil did exist in the United Kingdom, and it was to be hoped that at some future data a small oil-pro-ducing industry would be developed.

MANAWATU STOCK SALES. Abraham and Williamai, Ltd., report on their Feilding inle on Fridav:—A g«od yarding' of fat isheep came forward, but very few stores were yarded. • Fa.t sheep were acain in : £;Ood demand, and stores also, sold freely. The fat' cattle pens were «cain filled and , met with a good s»le. There was a fair demand for stores. .The dairy sale was sliithtly better. We obtained £20 for a very heavy bullock, offered on account of Messrs. Shannon Bros. We auote: Fat ho(r„ets. 2Sa 8d„ 27b: extra, good, 87s 9d; fat ewes, 31s. 36u, £2, £fll 0a 6dj to £2 2a 9d: lijrht. 25s fid; mixed hoggets, 23a 7d to 25s 9d;; wether hoggets. > 2*B 6d; ;-t bullock. £20; fat cows. £4. £$ lis. to £7; fat heifers. Ma 10s. £5 17s Cd, £6. to £7; fat steers. £8 7s. £7 2s 6d. to £7 ss; 3i-year store bullocks. £5 12a Od; 2-vear Hereford steers, £4 19s 6d; 2-year P.A. steers. £1 19s 6d; yearling Hereford steers, £3 4r; mixed P.A. yearlings. £2 18s 6d; yearling P.A. heifers. 34* to £2 10s 5 P.A. cows, £4 18s 6d; yearling Jersey.. heifers, £3; store cows. 25u to £2; springing heifers, £3 17a 6d. £5 10 Sj £6 10s. to £1 10st springing cows, good. £7. £7 2a 6d. £a 15s. £10, fH. to £11 10s; .later. £3. £3 6o £ 4 fe to j£s 15s. "....■• ■'...'