LATE COMMERCIAL

Southland Times, Issue 19511, 10 May 1922, Page 6

LATE COMMERCIAL

THE WHEAT MARKET. (By Telegraph.—Press Assn—(Australian and N.Z. Cable Association.) LONDON, May 8. (Received May 9, 8.15 p.m.) Cargoes are dull owing to the fine weather. Quotations have declined threepence to sixpence. x HIGH COMMISSIONER’S REPORT, The Department of Agriculture has received the following cablegram dated 6th i instant, from the High Commissioner for | New Zealand, London:— i MEAT.—Demand is slow and prices genI erally have slightly declined with market i very unsettled. Australian and South [American mutton and lamb in substantial .supply and in competition with New Zealland with lowering effect. May 6. April 29. April 22.

BUTTER.—Market quietly steady throughout week, slightly easier tendency towards close. Official quotations are:— New Zealand (salted).—-May 6: 180/- to 184/- per cwt (1/7$ to 1/7$ per lb). April 29: 182/- to 188/- per cwt (1/7$ to 1/8$ per lb). April 22: 180/- to 186/- per cwt (1/7$ to 1/8 per lb); exceptional 188/- per cwt (1/8$ per lb). May 6: Exceptional 188/- per cwt (1/8$ per lb). New Zealand (unsalted). —May 6: 178/to 180/- per cwt (1/7 to 1/7$ per lb). April 29: 180/- to 184/- per cwt (1/7$ to 1/7$ per lb). April 22: Do., do., do. Australian (salted). —May 6: 172/- to 176/- per cwt (1/6$ to 1/6$ per lb). April 29: Do., do., do. April 22: 170/- to 174/per cwt (1/6$ to 1/6$ per lb). Australian (unsalted). —May 6: 168/- to 172/- per cwt (1/6 to 1/6$ per lb). April 29: 168/- to 172/- per cwt (1/6 to 1/6$ per lb). April 22: 168/- to 172/- per cwt (1/6 to 1/6$ per lb). Argentine.—May 6: 160/- to 166/- per cwt (1/5$ to 1/5$ per lb); exceptional 168/- per cwt (1/6 per lb). April 29: 160/to 168/- per cwt (1/5$ to 1/6 per lb). April 22: 160/- to 166/- per cwt (1/5$ to 1/5$ per lb). Ihmish (slow). —May 6: 188/- to 190/per cwt (1/8$ to 1/8$ per lb). April 29: 184/- to 188/- per cwt (1/7$ to 1/8$ per lb). April 22: 178/- to 184/- per cwt (1/7 to 1/7$ per lb). CHEESE. —Market rather depressed and business irregular until towards end of week, when demand improved at lower rates. Present quotations are: Canadian.—Coloured, 88/- to 98/- per cwt (9sd to 10$d per lb); white, 867- to 94/- per cwt (9sd to lOd per lb). April 29: Coloured, 92/- to 106/- per cwt (9sd to llsd per lb); white, 86/- to 96/- per cwt (9sd to 10$d per lb). April 22: Coloured, 102/- to 105/- per cwt (lid to llsd per lb) ; white, 98/- to 102/- per cwt (10$d to lid per lb). New Zealand.—May 6: Coloured, 80/- to 86/- per cwt (Bsd to 9sd per lb) ; white, 72/- to 74/- per f, wt (7sd to 8d per lb). April 29: Coloured, 88/- to 92/- per cwt (9sd to 9sd per lb) ; white, 78/- to 84/per cwt (Bsd to 9d per lb). April 22: Coloured, 92/- to 96/- per cwt (9sd to 10jd per lb) ; white, 84/- to 86/- per cwt (9d to 9sd per lb). English stocks practically exhausted. CASElN.—Market firmer for French. Present quotations arj: Rennet, New Zealand £6O, French £45.

HONEY.—Market quiet and quotations nominal. New Zealand light amber prime 80/- to 84/- per cwt (Bsd to 9d per lb); light amber special 86/6 per cwt (9sd per lb); medium amber prime 75/- per cwt (8d per lb). HEMP. —Manila market again easier with poor demand. Output continues large com-, pared with last year. “G” grade AprilJune shipments and May-July shipments sold at £32 per ton early this week and June-August shipments at £3l 10/- per ton later. Present quotations are:—Sellers May-July shipments “G” and “H” grades, £3l per ton. Output January 1 to April 30, 373,000 bales, against 250.000 bales same period last year. New Zealand market again weaker with entire absence of demand. Sellers quote nominally high-points spot, £3O 10/- ppr ton; May-July shipments, £29 per ton; fair spot, £29 per ton; May-July shipments, £2B per ton. WOOL.—Sales continue satisfactorily, prices of crossbreds generally 5 per cent, dearer since opening. Continental demand is good. FRUIT.—Good demand for apples, and in ■ spite of heavy arrivals, three boats of Australian and two of New Zealand, supplies are selling readily. One shipment Australian arrived in very poor condition and sold at 12/. to 14/- per case, this somewhat affectprices. “Peshawur” arrived earl* i . as discharged. :ion of fruit ; ... equal to cousx&ameiU ner Wu. I

land, some wasty and shrivelled and fair amount not matured. Prices realised for good average fruit 16/- to 18/- per case for Dunn’s, London Pippin, Jonathan, Delicious. Cox’s 20/- to 24/- per case. “Wang&raita” arrived on Tuesday and commenced to discharge on Friday. EGGS.—Market firm with smaller arrivals and steady demand. Present quotations are: Irish, English, Dutch, Danish, 15/- to 17/6; Russian, Styrian, 13/- to 13/6.

N.Z. Mutton— Lightweight 7Jd-8id 7id-84d 8d-8td Medium 7Jd-7Jd 7id-8d 7Jd-8Jd Heavyweight 9id-6Jd 6d-7d 6d-7id Ewes 6 id 6|d 6id-6id Lamb—Best quality Lightweight lljd-lljd lUd-llid Hid Heavyweight lOid-lld lid lOid-lld Ordinary 10jd lid lid Second-class quality lOd-lOJd 10id 10d-10id Chilled BeefHinds 7id 7fd 6id Fores 4id 4jd 3$d N.Z. BeefOx hinds 4d 4d 4d Ox fores 2id 2Jd 2 Jd