COMMERCE AND MINING

New Zealand Times, Volume L, Issue 11409, 4 January 1923, Page 10

COMMERCE AND MINING

THE HOME MARKETS LONDON PRODUCE MARKETS. Cable received by Rank of Nert* South Wale* from their London office, datet December 29th, 1922. "Wool —Finn for all descriptions; confidence in future, particularly Bradford, ■where trade improving. During next year South Island fine wools expected to be wanted by all sections as trade turns. North Island wools should show improvement on 1922. "Cheese, firm; white »£6 6s, -26 Bs, colour ,£6 •Is. JZ$ Bs. "Butter, firm, .£9 6s, JC9 lOfc. "Meat prices unchanged; mutton and lamb supplies very short/* The Bank of New Zealand, produce department, has received the following advice from its Loudon office, under date 29th ult.;— Butter —Firm, 186 s to 190 s per cwt. Cheese—Firm, white 126 s to 128 s per cwt: coloured. 124 s to 128 s per cwt. Frozen meat —Prices unchanged. Mutton and lamb supplies very short. NATIONAL DAIRY ASSOCIATION CABLE. The National Dairy Association of New Zealand, Ltd., have received the following cable from their London office, dated December 30tb, 1922 : "Butter—Market firmer, further advance is expected. New Zealand, beet waited 186 s to 190 a. fine salted 178 a to 184 a, best unsalted 190 s to 1925; Australian. best salted 176 s to 180 s, inferior 154* to 1745; Argentine, 156 sto 170 s; Danish, 2140 to 2165. "Cheese—Market firm and active, small stocks. New Zealand, white and coloured 126 s to 128 s; Canadian, same price/ BEEF AND MUTTON LONDON QUOTATIONS. Tbe High Commissioner, in his weekly report to the Department of Agriculture, states that the supplies of New Zealand mutton and lamb are practically exhausted, and prices cannot be quoted except for ewes. There is a very inferior qualitv of Australian lamb. The beef market is slow. The quotations are as follow :—- New Zealand Mutton.—Ewes, December 29th 6id to 7d; December 22nd, 6fd to 7d; December 16th, 6fd to 7d. New Zealand Lamb. —December 22nd, hast quality, lightweight Hid to Is, heavyweight 10id. North Island ordinary lid to llid, second-class quality to 10Jd. December 16th, best quality lightweight lli<i to Is, heavyweight North Island ordinary lid to llid, second-class quality 10fd to IOJd. Australian Lamb. —December 29th, prime lid, seaond-class 9d, third-class Bid. New Zealand Beef.—December 29th, fores Id, hinds 4}d; December 22nd, fores Sid. hinds Aid; December 16th, fores 3id, hinds 4id. Chilled Beef. —December 29th. fores Aid, hinds 6fd; December 22nd, fores 3Jd. hinds AM; December 16th, fores 3Jd, hinds Aid. HEMP AND WOOL HIGH COMMISSIONER’S CABLE. The High Commissioner in his weekly anble reports on the hemp and wool market as follows: Hemp.—The Manila market is idle, bnt recent values are maintained. "G" grade shipments, JE3S 15e per ton; “J" grade, JSB per ton. New Zealand fibre is without interest. and values are quite nominal at about quotations already given :—Highpoints, JE32: fair, jgai) 10s per ton, Decern ber-Febrnarv shipments. Wool.—The Bradford market is firm in tone. 40's (prepared) coarse crossbred are quoted at Is 2id, and others are unchanged. WHEAT CARGOES Australian and N.Z. Cable Association (Received January 3, 8.45 p.m.) LONDON, January 2. Wheat cargoes are qniet, and quotations nominally unchanged. Trewxdden, 52s 3d. Parcels declined sixpence. Sales ex Hlunic, both at London and Liverpool, 535. ADDINGTON MARKET KEEN DEMAND FOR STORE SHEEP. Per Press Association. CHRISTCHURCH, January 3. At Addington market there were smaller entries than usual of both fat lambs and fat sheep, but owing to butchers having purchases on hand values eased in both cases. Beef maintained last week's rates Store sheep-A big yarding and a keen market for all classes of good sheep. Forward four end six-tooth wethers made from 2os to 27s Id, ordinary 20s lOd to 23s 6d, good 26s Ad. cull 18s, cull and inferior 2-tooth wethers 17s to 18s 7d, forwaid lambs 23s 6d to 24s Ad, medium 20s to 22s sd, small inferior lambs 17a 6d to IBs, sound failing mouthed ewes and lambs Its 3d, four, six and 8-tooth ewes 23s to 28s Id, small 2-tooth Romney cross ewes 21s 9d, aged ewes 13s. Fat lambs —A small yarding of 2600 and as butchers had considerable supplies on hand they operated sparingly and there was a drop of about Jd per lb. Good lambs made from 9sd to 9JcJ and seconds Sid to 9Jd per lb. Extra j/rime lambs realised 32s 6d to 35s 9d, prime 28s 6(1 to 325, medium 2As 9d to 28s, light and unfinished 23s 6d to 25s fid. Fat sheep—The yarding was scarcely np to averago requirements, but the carry over stocks of butchers lessened competition. Thera was an easing ot 2s to 2s 6d per head. Wether mutton realised 3J to 6Jd and ewe i-Jd to Aid per lb. Extra prime wethers made from 33s to 36s 3d, a few special 37s 9d, prime wethers 29s 6d to 32s 6d, medium 27s fid to 29s 3d, light and unfinished 24s fid to 275. extra prime ewes 30s to B2r fid, prime 26s to 29s 6d. medium 32s fid to 25s 6d, light 21s 3d to 23s 3d, old 18s to 21s. Fat catt’e—33s penned and the market was about the same as the preceding sale. Well finished beef averaged from 29s to 31s fid per 1001 b, medium 26s to 28e, inferior 22s 6d to 255, and rough beef 15s to 20s. Elxtra prime steers made from .£l3 to J 615 ss, prime J6lO 5s to J 612 15s, medium £8 to j6lO, light and unfinished .£6 5s to -97 15s, extra prime heifers .69 17s 6d, prime JE6 100 to J!8 12s fid, ordinary J 64 10s to £6 10s, prime cows X 6 to JCB, irdinary £i 10s to £5 17s fid. Vealers—A small offering sold firmly at late rates. Good runners brought £4 7s fid, ordinary vealers £2 5s to £3 .ss, small calves 4s upwards. Store cattle—A very small and nondescript entry. Three-year steers made from £4 5s to £6 Is, two-year £2 10s to £3 ss, yearlings 15s to 22b 6d, twoyear heifers 264 6s to £4 15s, yearling 35s to 4Ge Dairy cattle—so head penned. The demand was weak and sales difficult to make. Good springers made from £3 to X 8 IQs, second rate J 62 10s to J 65 10s. extra good springing heifers Xll 10s, medium to good J 63 10s to .98. Fat pigs—A small yarding and a good demand at improved prices. Light baconers soil from j 62 15s to £3 ss, heavy X 3 12n to £4 (average price per lb Aid to fid); light porkers ,62 to £2 ss, heavy £2 7s fill to -62 12s Gd (average price per lb 6Jd to 7d) Store pigs—Prices were generally lower end sales hard to make. Weaners made from 11s to 'Bs, slips 225, medium stores 25s to 30s.

BUTTER AND CHEESE LONDON PRICES. MARKET FIRM AND DEMAND GOOD. Tho report of tlie High Commissioner to the Department of Agriculture states that tho butter market is firm with an improved detmnd, and the cheese market remains firm and tho demand good. Quotations: — BUTTER. New Zealand —Finest (salted): Decernber 20th, 184 s to 100 s per cwt (Is 73<1 to Is Sid per lb); December 22nd. 182 s to hvi-5 per cwt (Is 7£d to Is TJd per lb); December 16th, 180 s to 184 s per cwt (Is "id to Is 73<i per lb). Unsalted: December 29th, 190 s to 194 s per cwt (Is 34d to Is 82d per lb); December 22nd, 184 s Vo 186 s per cwt (Is 73d to Is 8d per lb); December 16th, 184 s to 186 s per cwt (1* “3d to Is 8d re** lb). Other qualities: December 29th, 178 s to 184 s per cwt (Is 7d io Is 7fd per lb). Australian Finest (salted): December 29th, 176 s to 180 s per cwt (Is 6|d to Is "id per lb); December 22nd, 174 s to 176 s per cwt (Is 6sd per lb; December 16th, 174 s to 176 s per cwt (Is 6Jd per lb). Unsalted: December 29tn, 182 s to 186 s per ewt (Is 7sd to Is 8d per lb); December 22nd.. 174 s to 178 s per cwt (la 63d to Is 7d per lb; December 16th, 174 s to 178 s per cwt (Is 6J<l to Is 7d per lb) Other qualifies : December 29th, salted, 170 s to 174 s per cwt (Is 6id to Is 6Jd per lb); unsalted, 172 s to 178 s per cwt (Is 6£d to Is 7d per lb) t Argentine—December 29th, 156 g to 170 s per cwt (Is 4Jd to Is 6id per lb); December 22nd, 150 s to To4s per cwt (16 4d to Is 4id per lb); December 16th, 154 eto 165 e per cwt (Is 4£d to Is per lb). Danish-^-December 29th, 214 s to 216 s per cwt (Is lid per lb); December 22nd, 212 s to 214 s per cwt (le 10$d. per ih); December 16th, 208 s to 212 s per cwt (Is 10id to Is 103 d per lb). Dutch—December 29th, 216 s to 220 s per cwt (Is lid to Is llid per lb). CHEESE. English, finest farmers' —December 29 tb, 130 e to 140 a per cwt (la 2d to Is 3d per lb); fine, 124 s to 130 b por cwt (Is lid to Is 2d per lb); December 22nd, 132 sto 134 e per cwt (Is 24d to Is 2sd per lb); December 16th, 135 s to 140 s per cwt (Is 2sd to Is 3d per lb). Canadian, finest —December 29th. coloured, 126 s to 1286 per cwt (Is IJd to Is ljd per lb); white, 12us to 130 s per cwt (Is lid to le 2d per lo); fine, coloured, 124 a per cwt (Is lid per lb); fine, white, 1259 per cwt (Is lid per lb); December 22nd, coloured, 124 sto 126 s P« r cwt (Is li<t to te lid per lb); white, 126 s to 128® per cwt (Is lid to Is 13d per ib); December 16th, coloured, 124 g to 1266 per cwt (Is ljd to Is lid per lb); white, same quotations. New Zealand —December 29th, coloured, 124 s to 126 s per cwt (Is lid to Is lid per lb); white, 124 eto 128 s per cwt (Is lid to 19 lfd per lb); December 22nd, coloured, 122& to 124 s per cwt (Is Id to Is lid per lb); white, same quotations; December 16th, coloured, same quotations; white, same quotations. Shipments of New Zealand produce arrived this week by s.s. Waimana and s.s. Dorset. The quantity of Australian butter shipped from December 3rd to December 13th amounted to 42.978 boxes. WOOL IN 1922 BAWRA'S TIPS AND DOWNS. ".Mention, must be -made (states an Australian financial authority, reviewing the wool position during the past year; of the operations of Bawra, which has gone on steadily and successfully realising on the stocks of carry-over wool, and has been ordered by its shareholders to keep on with the good work until all the wool is sold and all the proceeds distributed —and then pass gracefully out with other war-time institutions. The association paid off the ‘remaining J 86.000.000 of the priority certificates in May, and has ‘been authorised to repay je6.000.000 on account of the shares. This distribution is to be made next April. The shares opened the year at 14s, went over 21s in April, and again in July receded to jnst under 16s, and close above 19s, the skin wool litigation in all its phases accounting, with movements in crossbred wool prices, for the rapid fluctuations in values.*’ WELLINGTON PRODUCE PRICES Laery and Co., Ltd., Wellington, report wholesale prices as follow : —Bariev meal, £S per ton; peameal. £S per ton; pig meal. £6 per ton; wheatmeal. for stock feed, JBII per ton, sacks in; maize meal, 6s per bushel; linseed meal (Moose brand), for calves winter milk, dairy cows and pigs, 14s per 1001 b; linseed nuts (Moose brand), 13s 6d per 1001 b; meatmeal, for poultry, 16s 6d per 1001 b; Sucrosine, 11s per 1001 b; shell grit, in 1001 b bags, 6s 6d per' bag; feed oatmeal, for chickens. 13s 6d per 1001 b; feed rolled oats, for chickens 16s 6d per 1001 b; fowl wheat, choice whole. 5 sack lots or over, 5s Bd, lesser quantities 5s lOd per bushel, sacks Is Id; barley, chevalier 4s Id per bushel, Cape 5s 6d per bushel, sacks in; oats, machine dressed seod Algerians 4s lid, choice Duns 4s Id, B Gartons 4s, feed Gartons 3a lOd, crushed oats 4s 2d, feed Algerians 3s 9d. feed sparrowbills 3s lOd bushel, sacks in; shelled oats, for chickens, 5s per bushel, sacks in; mixed fowl feed, 5 sack lots or over, 4s lOd, lesser quantities, 5s per bushel, sacks in; peas, feed 6s 3d per bushel, sacks in; maize, whole 5s Id, crushed 5s 7d, sacks in; seed maize, 90-day 9s 9d, Hickory King 9s 9d, White Horse Tooth 9. 9d per bushel; mutton birds, Tasmanian in casks 5d each, New Zealand in kits, cooked and salted, 9fd each; butter, prime dairy Is 3d to Is 4d, prime milled Is, pats medium quality lid lb; eggs, fresh Is 3d to la 4d doz; fowls, bens 4s 0d to 6s pair, heavy roosters 5s to 6s per pair; docks. Runners, 6s to 8e per pair; white varieties. 9s to 11s per pair; geese, 9e to 10s per pair: turkeys. Is 2d to Is 4d per lb; baled straw, £i 5s per ton; molasses, in scwt casks, 35s per cask; fungus, 8d to 9d per lb; dressed pork, 60s to 90’s, 5d to 6d per lb; rock salt, 6s Cd per cwt; chaff, Blenheim, ton lots or over, £8 5s per ton, sacks in; feed wheatmeal, .£ll per ton.