COMMERCIAL.

Taranaki Daily News, 27 October 1921, Page 8

COMMERCIAL.

THE STOCK MARKET. PRICES AT WESTFIELD. By Telegraph—Press Association. Auckland, Last Night. The following prices ruled at Westfield today : Beef.—Medium yarding. Prices showed a considerable drop on last week, very little beef being sold for over 30s per 1001 b. Prices: Extra choice ox, 31s; choice, £7 10s to £1 ss; plain, £1 4s to 14s; cows (young) and heifers, £1 6s to £1 2s; plain, 15s to 20s. Sheep.—Rather short supply of mutton, and although wether prices were on a par with last week, ewes improved considerably. Prices: Extra heavy wethers, £1 3s; good, £1 2s to 19s; plain, 18s to 16s; ewes, prime heavy, 19s 9d; prime, 19s to 17s; others, 15s to 10s. Calves.—Full yarding and moderate demand. Prices: Runners, £4; vealers, £3 5s to 355; fresh dropped, 10s to ss. Pigs.—Large yarding; demand very slack, except for good weaners, which sold out of proportion to other classes. Prices: Baconers, £4 10s to £3 10s; choppers, £4 to £3; porkers, £2 10s to £1; stores neglected; weaners, 15s to 18s. LONDON WOOL SALES. By Telegraph.—Press Assn.—Copyright. London, Oct. 25. At the wool sale mixed offerings sold well. Yorkshire and tie Continent, particularly Germany, bought freely. Merinos fully maintained late rates, and the better class of crossbreds were a shade dearer. The Mangahua clip brought top price 9%d, average 9d, Dalgety 19%d and 18d. The Importers’ Association fixed the London sales for 1922; January 10, March 7, May 2, June 13, July 18. B.A.W.R.A. WOOL CERTIFICATES. Melbourne, Oct. 26. The directors of B.A.W.R.A. have decided to cancel the wool priority certificates not already retired by a cash payment of £5,250,000 on May 18 next. THE SLUMP IN THE MARK. London, Oct. 25. The Berlin exchange rate is 642 marks to £l. LONDON MEAT MARKET. The Bank of New Zealand has received the following advice from its London office, under date October 21 : The market is well supplied with mutton, for which there is a little more demand. The lamb market is dull. There is a better tone prevai dug in the beef market. Current quotations: '.'..-tier mutton, 4%d to 7d per lb: ewe mutton. Id to 5d per lb;- lamb, 7d to 9d per lb; ox beef, hinds 5d to 6d per lb, fores 3%d to 4%d per lb; cow beef, hinds 4d to 4*£d per lb, fores 3d to 3%d per lb. DAIRY PRODUCE. Messrs. Dalgety and Company, Limited, report having received the following cablegram from their London house, under date October = 22; K Butter. —Market slow. Danish, 234 s to 2385; new season Australian, first class, salted, 170 s ; to 190 s; unsalted, 4s to 6s more; Govern- * inent prices unchanged. Cheese. —Market dull. New Zealand, col- j ored, S4s to 925; white, 92s to 100 s; Canadian, c.i.f. quotation, 925. The Bank of Nfew Zealand has received the following advice from its London office, under date October 21 : Butter, 208 s to 212 s per cwt. Cheese, colored, 84s to 88s per cwt; white, 90s to 96s per cwt. LONDON MARKETS. HIGH COMMISSIONER'S CABLED REPORT. The Department of Agriculture has received the following cablegram, dated October 22, from the High Commissioner for New Zealand, London: MEAT. Market continues dull. Prices irregular and occasionally lower, though quotations unchanged from last week, with the exception of New Zealand beef. N.Z. mutton, lightweight: October 22, 6%d; October 15, 6%d; October 8,7 d to 7%d. N.Z. mutton, heavyweight: October 22, 5%d; October 15, 5 1 /»d; October 8, 4%d to 5’,4d. N.Z. mutton, ewes: October 22, 4%d: October 15, 4%d; October 8, 4%d. N.Z. lamb, lightweight : October 22, 9d; October 15, 9d; October 8, B%d to 9’4d. N.Z. lamb, heavyweight: October 22, B’,id; October 15, 8»4d; October 8, 7%d to N.Z. beef, best ox, hinds: October 22, 6d ; October 15, 6%d; October 8,6 d. N.Z. beef, best ox. fores: October 22, 4 J 4d; October 15, October 8, 4’Zsct Argentine chilled beef, hinds: October 22, 6%d; October 15, 6%d; October 8, 7*4 d. Argentine chilled beef, fores: October 22, 4%d; October 15, 4%d; October 8,514 d. BUTTER. Very little change in conditions reported last week. Demand for 15lst quality only continues good. Danish: Slow, and price somewhat irregular. October 22, 234 s to 236 s per cwt. (2s Id to 2s I’4 d per lb) : occasionally 238 s per cwt. (2s l%d per lb) ; October 15, 246 s to 248 s per cwt (2s 2%d to 2s 2V a d per lb) ; October 8,228 s to 230 s per cwt (2s O’/ad to 2s o%d per lb). Government stocks practically neglected. Trade opinion is that price must be reduced to facilitate disposal in view of opening new season colonial. New Zealand.—Not yet landed. Sellers asking: October 22, 206 s to 212 s per cwt (Is lOd to Is 16%d per lb) and up ot 215 s per cwt (Is lid per lb) ; October 15, 204 s to 208 s per cwt (Is 9%d to Is 10*4 d per lb) ; October 8,205 s to 210 s per cwt (Is lOd to Is 10y 2 d per lb). Argentine.—Free, slow at: October 22, 160 s to 175 s per cwt (Is 5d to Is 6*4 d per lb) ; October 15, 160 s to 175 s per cwt (Is 5d to Is G’/jd per lb). CHEESE. • Demand generally limited. New Zealand.—White: October 22, 92s to ] 100 s per cwt (9%d to 10 %d per lb) ; October 15. 98s to 100 s per cwt (10*6d to* 10%d per hA lb) ; October 8. 102 s to 104 s per cwt (10%d to lid per lb). Colored: October 22, 84s to 92s per cwt (9d to 9%d per lb) ; October 15, 90s ■ to 92s per cwt (9%d to 9%d per lb) ; October ; 8,94 s to 96s per cwt (lOd to 10’4d per ' I lb). WOOL. ICSales progressing favorably without material change. Home trade continues give good support, and with fair competition from Continent, principally French; bulk of offerings sold. Sales will continue next week.