COMMERCIAL

Patea Mail, Volume XLIV, 26 November 1920, Page 2

COMMERCIAL

LONDON MARKETS. HIGH COMMISSIONER ’« REPORT. the Department of Agriculture has received the following cablegram, dated November 20, from the High Commissioner:— Meal English trade dull, but prices have advanced owing to short supply, and owing to the absence of Dutch. English beef Is Hid, Is did per lb; mut'ton, Is lOd, 2s per lb; lamb, 2s, 2s 2d. New Zealand mutton and lamb In active demand at full prices (viz., ewes, Sd; cut wethers, Sd; un-cut wethers, !)d per lb). New Zealand ox beef, lOld. /Id per lb; hinds and fores: cow beef, !>d, (id per lb; hinds and fores: Argentine chilled beef, Is 8d per lb, hinds and fores respectively.

Butter—Very limited supply. English: average price is £2-1 us per cwt Is 5d per lb), but sales have been made up to £2B per cwt (us per lb). Irish: No supplies coming forward. Allotment Government butter .will be increased . to 14 ounces next week. No change in price (viz., 3s Id per lb. retail.) Cheese —Market is dull and declining, and demand is limited for all descriptions. Last Government allotment not fully applied for, indicating that consumption is decreasing. No change in price; wholesale Is 54d per lb; retail Is Sd per lb. English, £8 13s £0 per cwt. (Is 6Jd, Is 7Jd per lb), up to £9 7s per cwt (Is 8d per lb), for extra. fine quality. Canadian white, £7 12s, £7 18s per ew.t (Is lid, Is 5d per lb); coloured, £7 18s, £8 4s per cwt. Is ud. Is aid per lb; spot, c.i.if prices have declined £7 us, £7 10s per cwt- (Is old, Is 4d per lb). Hemp—Manila market dull and declining owing to the absence of buying interest. “J” grade Novomber-Janu-ary shipment sold early this week £(j:s per ton; but later £(SO 10s per ton. tellers’ present quotations arc: AugustOetobcr shipment, £63 pjr ton; Oct.Dcccmbcr shipment, £6l per ton. Output January 1 to November 15, 972,000 bales, against 980,000 bales. New Zealand market quiet, no transactions reported. Quotations unchanged: High points, spot, £35; fair, 53 per ton; Oct.December shipment, £53 and £sl res-

pcctively. Wool—Sales close to-day. There has been no change compared with .opening. Attendance good, but competition unsatisfactory; large proportion offering withdrawn. Good merinos and line crossbreds sold at decline as already indicated. Practically no coarsebreds have been sold, and scoured and sliped sold very poorly. Average closing values New Zealand wools; 60’s to64’s (merino) 2s to 2s 9d per lb; 50 tout! ’s (half-breds) Is 6d to 2s 48's (tine crossbreds), Is 4d to Is per lb; 44’s to 46’s (medium crossbred) Is to Is 4d per lb; 36 's to 40’s (coarse crossbreds) lOd to Is per lb; 46’s and under, nominal only, no sales have been made to give actual price basis. Honey—Market very quiet. At this week’s public sales New Zealand common grade sold uus per cwt (6d per lb) nominal value first grade, 90s to 100 s per cwt (9id to lOid per lb) Note —iPricc per lb shown in parentheses is approximate price only.