COMMERCIAL.

Otago Daily Times, Issue 18455, 17 January 1922, Page 4

COMMERCIAL.

. FROZEN MEAT, THE .-LONDON •'MARKET, Messrs Dalgety and 00., Ltd., report hav- ’ ing received the following cable from them head office dated London, 'Jonuary 13, 1922: - New Zealand prime crossbred lamb (Canterbury), heavy, 7Jd; light, .Bid. North Island, heavy, 7d; light, Demand for New Zealand lamb is better. New Zealand prime crossbred mutton (Canterbury). heavy, Bid; light, Gd. North Island, heavy,. sd; light, sid to 5Jd. Demand for New Zealand mutton is better. Now Zealand prime bx beef, hinds, fid.; fores, 4d. Demand for New Zealand beef is poor. The market for New Zealand lamb ms firmer; also for , mutton; but for beef ia .dull. . Good average quality crossbred lamb (Australkn), heavy, BJd to 7d; light, 7id; good average quality crossbred mutton, heavy, not quoted; light, fid. Any increase in the supply will bring about lower prices. THE BUTTER MARKET. / ’ GOVERNMENT ASSISTANCE NO LONGER NEEDED. Press Association —By Telegriptr—Copyright. MELBOURNE, January 16. In view of the Imperial stocks of Australian butter having been largely cleaned, the Dairying Pool Committee has decided that no further action be taken to secure Government assistance to finance the unsold balance.—A. and N.Z. Cable. SYDNEY WOOL SALES. Frees Association—By Telegraph—Copyright. SYDNEY. January 16. (Received Jan. 16, at '10.20 p.m.) At the wool sales there was a continued keen demand for all sections, and late rates were well maintained. i . . WELLINGTON WOOL SALES. EXCEPTIONALLY KEEN BIDDING. (Ban Usrrnn Association.) / . WELLINGTON, January 16. Catalogues aggregating 20,000 .bales were offered at the second wool sales to-day. There was a large attendance of buyers representing Bradford, the United States,, and the Conti-' nent. Bidding was exceptionally keen; in fact, it was quite like old times. Competition came from all, buying 1 quarters, and was consistently maintained. There woe an exceptionally good eelection of wool offered * to buyers, and it was evident from the outset that they were in tho room to do business. As compared with last December’s sale, merinos were about on a par, fine to medium milfbred was Jd better, coaiee halfbred was lid to 2d up, and fine crossbreds were id to 2d higher. Medium crossbreds were sought after by • America at lid to 2d advance compared with laat December’s prices. Average medium oxossbrcdiß wore Jd more, and coarse crossbreds' were i-d to Jd increase. , An interested onlooker was Mr Walter Hill, president of the New Zealand Wool Buyers' Association. He had returned only yesterday from nine months' travelling in England, America, and Japan. The visit was mainly recreational, but ho spent a great part of the time in Bradford. He also visited the wodl centres in America and Japan. Mr Hill confessed, that be could not explain the activity, at to-day’s sale. When he was last in Bradford there was nothing] to warrant it.' Some of tho prices realised were not wholly tr> be accounted for by the reduced ohipping treights on wool. That would moke a difference, of course, but nor) oil tlie difference. British woollen manufacturers, when he was among them, were sorely in need of export trade. ' The domestic demand was only some 25 per cent, of the output. Ho did not i know that trade had improved to the extent' that warranted tho prices realised. There

was no doubt, ho said, about the keenness of competition, but there were insufficient grounds for it. So far ao ho could see, whatever was the cause for , speculation, , the activity in the room should be highly gratifying to woolgrowcrs. Ho would not venture td' speak about the.fnture of the market. Other authorities who were seen especially on the subject of' American buying said that the Fordney tariff of 16 cents per pound on wool was but temporary. It was an emergency measure. There was every prospect of the former IX cents per pound duty being imposed. America must have wool, os she produced no more than half her requirements. Heavy buying of merinos in Australia on America's account had been proceeding, and'that wool wpuld go with the New Zear land wool into bond pending the lower duty which was bound to come. • The-following is the range of prices:— . Merino (64-70, 60-64); Super, 17id to 17Jd; average, 15Jd to 16Jd; inferior, 13Jti to 14Jd. Medium half bred (60-56, 50): Super, 12Jd to 13Jd; average, 9Jd to llid ; inferior, 7Jd to BJd. Coarser halfbred (48-50); Average, 9Jd * to lid; inferior, 6d to Bd. Corriedale; Super, Ud to lOd; average, BJd to 10Jd; inferior, OJd to Bd. Fine crossbred (46-48): Super, Bi<l to lOJd; average, 7d to Bid; inferior, 4Jd to 6d. Medium crossbred (44<-46): Super, 8d to laid; average, 6Jd to 7£d; inferior, 4d to old. Coarse crossbred (40-44)': Sapor, s|d to 7d; average, 4Jd to 6Jd; inferior, B|d to fid. Low crossbred (36-40); Super, 4Jd to s|d; average, 4d to' fid; inferior, 3d to 4Jd. Hoggets; Fine (46-48), 8d to 10Jd; medium (44-40), 6d to 9cl; coarse (40-44), 4d to fid; low (36-40), 4d to sd. Lambs: Fine (44-60), 7d to lOJd; medium (40-44), 5Jd to 7id; seedy and inferior, all grades, Id to 3d. Bellies and pieces; Merino, good’ to super, 8d to 9Jd; merino, low to medium, 6d to 6id; halfbred, good to super, 6id to 8d; halfbred, low, to medium, 3Jd to 6Jd; crossbred, good to super, 3Jd to fid; crossbred, low to medium, 2d to 3d. Crutchings: Medium to good, 3d to 3|d; inferior and seedy, Id to 2d. Locks; Merino, 2d to 3d. The wool was in good average condition, and the selection was medium to good. .CfRAIN AND PRODUCE. Donald Reid and Co. report as under: - Oats.—Very littje business is passing, and sales are confined to email lines for local trade. ‘ We quote: A Cartons 2s Bd, JtS .Cartons 2s 7d, ex store, bags extra. Potatoes.—The market' is over supplied. Poninsula-grOwn potatoes are bringing lid per lb, and Oamaru and ffaieri Id per lb. Chaff.—The market is 'firm. We quote; Prime chaff, £5 6a; good to best feed, £5 to £5 2s fid; medium,'light, and discoloured, SA 12s 6d to 15s. Dalgety and Co. report as follows Oats—The market remain* quiet, only small quantities changing hands at slightly reduced Wo quote: A Gortons to 2s 8d; others* 2s 6d to 2s 7d per bushel (sacks extra). Chaff.—Although the demand is only four,' there aid small quantities’ coming forward, and the market firm at late rates. We quote: Prime oaten sheaf tq £5 tls; good to best feed, £4 15s to £5 per ton (sacks extra). Scott Bros., produce merchants and commission agents, agents for the Egg and Poultry Growers’ Association, Dunedin, report:—Egge: Quiet. Fresh, Is 2d; Poultry Association, Is 3d per dozen/ Butter: Dairy, quiet, ■9d to lOd per lb. / Honey: Prime clover, bulk, 6id per lb, 101 b tins, 7a each. Beeswax, 2s per lb. FatJ 19a to 23» per cwt. Poultry: Hens, 3a to 3s 6d per pair; ducks, 6s 6d per pair; geese, 8a per pair. Turkeys: Hens, Is Id; gobblers, Ip 2d, Pigs; Prime baeoners, 6d per lb;' porkers, 6d per lb; overweights, 3d to. 4d per lb; bacon, Is per lb. Potatoes: Plentiful; new local, Id to IJd per lb. ‘ Onions; New Victorian, £l2 per ton. Chaff: Prime oaten sheaf, £5 j>er ton, sacks extra. Oats, 3s per bushel, sacks extra. Whole fowl wheat, 8s Gd per bushel, Sacks extra. Straw: Pressed wheaten, £3 10a; oaten, £4 per ton. We can supply petrol, motor lubricating oils and greases, lucerne and poultry meal, hulled oats, shell grit, Paredra meat myal, leg rings, toe punches, charcoal, wire netting, Norton’s egg preservative, Star brand chicken food, and egg crates. January 16, 1922. , ~ ' i