COMMERCIAL.

Taranaki Daily News, 14 December 1921, Page 8

COMMERCIAL.

LONDON MARKETS. HIGH COMMISSIONER’S CABLED REPORT. The Department of Agriculture has received the following cablegram, dated December 10. from the High Commissioner for New Zealand, London : MEAT. Market continues to be depressed, and lone generally weaker, owing to very large supplies of all descriptions;— New Zealand mutton.—Lightweight, December 10, 5d to 5%d; December 3, 5J4d to 5%<«; November 26, u’Ad to 6d. Heavyweight, pacr demand; December 10, 4*4d to 4%d; December 3, 4%d to 4%d; November 26, 4%d to 4%d. New Zealand lamb, best quality, lightweight in fair demand at: December 10, 7 5-8 d; December 3, 7%d to 7 5-8 d; November 26, 7 Vid to 7%d. Heavyweight, December 10, 6%J to 7d; December 3, 6%.d to 7d; November 26, 6%d >o 7d. Zealand beef: December 10. prime ox, hinds sd; December 3, sd; November 26, s’/idDecember 10, prime ox, fores, 3%d; December 3,4 d; November 26, 4d. BUTTER. Market weaker and declining, owing to large ; supplies available. Official quotations yesterday were as follows, but market closed weaker, and sales free New Zealand made at lower price. New Zealahd.—December 10, salted, 174 s io 180 s up to 182 s per cwt. (Is 6%d, Is 7%d, Is 7%d per lb.). December 3, salted, 196 s :o 200 s per cwt. (Is 9d to Is 9%d per lb.). November 26. salted, 198 s to 204 s per cwt. (Is 9%d to Is 9%d per lb.). Government issue price December 9 to 22 revised as follows. (Price 'November 25 to December 8 shown in brackets) : New Zealand.—First grade, 174 s per cwt., Is 6%d per lb. (194 s per cwt. and Is B%d per lb.). Second grade, 154 s per cwt., Is 4%«? per lb. (182 s per cwt. and Is per ib.). First and second grade together, 172 s per cwt., Is G’/id per lb. (192 s per cwt., and Is per lb.). CHEESE’. Market quiet, and prices weaker. Official quotations are : New Zealand.—December 10, white, 100 s to 104 s per cwt. (10%d to lid per lb. - ) ; colo.-ed, 98s to 100 s per cwt. (10%d to 10%d per lb.) December 3, white, 102 s to 106 s per cwt. (10%d to ll%d per lb.) ; colored, 100 s to 104 s per cwt. (10%d to lid per ib.). November 26, white, 100 s to 110 s per cwt. (10%d to' ll%d per lb.) ; colored, 92s to 106 s per cwt. (9%d to per lb.). OTHER REPORTS. Messrs. Dalgety and Company, Ltd., report having received the following cablegram from their London house under date December 9 : Butter.-Market slow and declining. Danish, 210 s to 2125; Australian, finest unsal.-.d

1 170 s to 180 s, finest salted 144 s to 1565, sec- ' ondary 130 s to 1425; New Zealand, finest, 1174 s to 180 s. Government official prices: Aus- ■ tralian, first grade 1455. first and second ' grade, mixed, 140 s, second grade 120 s; New ! Zealand, first grade 1745, first and second • grade, <mixed, 1725, second grade 1545, but I sellers given 10 discretion, which Is always I Cheese.—Market quiet. New Zealand, col- ! ored 98s to 100 s, white 100 s to 104 s; Aus- ! tralian, colored 86s to 925. white 94s to 965; ! Canadian c.i.f. quotation, 106 s j The Bank of New Zealand produce dooarr- ! ment has received the following advice front ! its London office, under date December J : | Butter.—Market is weak; 171 s to 176 s per ! Cheese.—Market quiet; new season’s watte ' 96s to 104 s per cwt., colored 94s to 100 s per I ewt - i Frozen Meat.—Market depressed owing to i heavy supplies from all sources. Current ••tto1 rations: Wethers, light. 4%d to per lb.; ! wethers, heavy, 4%d to 4%d per lb.; 3%d to 4’4d per lb.; lamb, light, 6%<1 t«j 7 3 ,4 d per lb.; lamb, heavy, to 7d per lb.; ox hinds, 5d to 5%d per lb. ; ox fores, to 4d per lb.; cow hinds, 4d to 4’,£(l per lb.; cow fores, 2%d ta 3d per lb.

SMITHFIELD PRICES. Messrs. M. A. Eliott, Ltd. (Palmerston North) hare received cable advice from Messrs. Gilbert Anderson and Co., Ltd., London, of the following Smithfield prices for the week ending December 10, 1921: Canterbury launb, under 361 b., 7%d per 361 b. to 421 b., 7d ; 421 b. to 501 b., 6%d. Best North Island lambs, under 361 b., 7’4d; 261 b. to 421 b., no quote; 421 b. to 501 b., no Ordinary North Island lambs, under 361 b., 7d ; 361 b. to 421 b., no quote; 421 b. to 501 b., no quote. Canterbury wethers and maiden ewes, 4811). Ito 561 b., 5%d; 561 b. to 641 b., no quote; 34'.0. to 721 h„ 4%d. i Best North Island wethers and maiden ewes, 481 b. to 561 b., no quote; 561 b. to 641 b., 5%d; 641 b. to 721 b., no quoxe. Ordinary North Island wethers and maiden ewes, 481 b. to 561 b., 4%d per lb.; 561 b. tn G4lb., no quote; 641 b. to 721 b., no quote. North Island ewes, 481 b. to 64ib., 4%d. New Zealand prime beef (equal fores and kinds), 1601 b. to 2201 b., 4 3-Bd. The prices quoted are on a delivered basis. LOAN &. MERCANTILE REPORT. The N.Z. Loan and Mercantile Agency Company. Ltd. (Hawera branch) report:— At Kakaramea on Monday forward cows made £2. 5s to £2 15s, heifers £2 15s, old cows 15s to 355, bulls £1 10s to £2 7s 6d, Jersey cross 15-montlis heifers (well-grown) £4 10s, s.m. ewes and lambs 7s lOd. At. Eltham on Wednesday fat and forward cows made from £2 6s to £3 2s, works cows 13s to 355, bulls £1 5s to £2 7s, woolly hoggets 8s 7d. At Hawera on Thursday’ we had a fair yarding. Prices at late rates. Best fat cows to £5, forward cows to £2 ss, works cows £1 2s to 38s, maiden heifers £2 7s, 2’/ 2 -year steers £2 Is, springing heifers to £5 12s 6d, cows (good) to £lO, fat wethers 10s 6d, ewes 8s 6d, sows to £2 10s. INGLEWOOD SALE. (From Our Own Correspondent.) There was a full supply of pigs for Newton King, Ltd.’s mart sale on Saturday to lifer to a good gathering of fiymers, and the tone of the market was firmer than last week. Weaners made from 12s to 15s, slips 17s to 18s 6d, and small stores 24s to 30s. The poultry pens were fairly full. Cocks and hens made from 2s .9d to 3s 9d, chicks 3d and sd, drake 2s 6d, gtese 9s, turkey Ils, new potatoes 2%d to 3d per lb. Garden vegetables and sundries all sold/well.