COMMERCIAL.

Taranaki Daily News, 13 June 1921, Page 2

COMMERCIAL.

LONDON MARKETS. By Telegraph.—Press Assn.—Copyright London, June 10. Wlieat.—Quiet at late rates. Flour.—Slow trade in Australian ex store at 63s 6d to 645. Oats.—Steady. New Zealand ex quay 48s. Feas and Beans.—Quiet and steady. Sugar.—Declining; granulated 61s. The New Zealand Loan and Mercantile Agency Company, Ltd., have received the fallowing cablegram from their London house under date Sth instant:— Tallow. —We quote present spot values for the following descriptions: Fine mutton £1 5s per cwt.; good beef £1 16s per cwt.; mixed £1 7s 9d per cwt. Quieter demand. Butter.—New Zealand, choicest salted, good demand. Secondary, market slow. Cheese. —Market quotation is £5 lgs per cwt.; market is fully stocked, and as arrivals continue large, prices are likely to weaken. Frozen Mutton.—to B’4d per lb. Frozen Lamb.—ls 2d per lb. Frozen Beef.—-Hindquarters 4%d per lb. Forequarters 3*4d per lb. Market dull. LONDON WOOL SALES. HIGH (COMMISSIONER'S REPORT. The Department of Agriculture has received the following cablegram dated June 8.

from the _High Commissioner for New Zealand : "Wool sales commenced yesterday with catalogue comprising 65U0 bales Australian, 3500 bales New' Zealand, 2200 bales South American, all free wool. Attendance large and competition was animated, specially from Continent. Practically all sold. Price for finer merinos on average Id higher, and fine crossbreds */ 2 d higher than closing rates last sales. Other descriptions finm. at that level. First B.A.W.R.A. sales to-day. This week’s B.A.W.R.A. offerings will consist of:— "Australian.—Merino, greasy, 8800 bales ; scoured, 4400 bales; crossbred, greasy, 3800 bales; scoured, 900 bales; slipe, 600 bales; "New Zealand.—Crossbred, greasy, 1800 bales; scoured, 900 bales; slipe, 600 bales; reconditioned, 500 bales." ■a CANTERBURY MARKETS. Christchurch, June 10. According to merchants, there has been quite a stir in the local markets during the past few days, a. shortage of wheat being the cause. It is stated that in spite of anticipations to the contrary, 1 there will not be enough wheat on hand to fulfil all requirements. Consequently there is keenness to obtain as much as possible right away. The recent reduction in the freight on oats has livened up business in this connection. Prices that lately have been obtained are being kept up. This applies only to Gartons, which are the only line wanted at home. Chaff went up recently, In sympathy with oats, but the demand for both lines is poor, no shipping business being recorded at present. What little South Island seed there is going to the North Island, being shipped from Marlborough, where the seed is said to be anuch better than In Canterbury this year, and lower in price. Barley is described as practically dead. Linseed lately Las been showing signs of life at increased prices, consequent’ upon the merchants overselling and having to pay higher prices to get + he stock with which to fulfil orders. The business has only a local application, however. It is stated that up tc £l3 was paid during the week for a line of linseed.