COMMERCIAL.

Taranaki Daily News, 5 July 1922, Page 2

COMMERCIAL.

LONDON MARKETS. HIGH COMMISSIONERS CABLED REPORT. The Department of Agriculture has received the following cablegram, dated July 1, from the High Commisioner for New Zealand, LonMeat. Mutton, slow demand, and prices have declined owing to plentiful supplies New Zealand and Australian being offered at lower prices. Demand for lamb not quite so good, and market steady to shade easier. Fair inquiry for New Zealand beef, small supplies fresh available. Chilled in large supply at lower prices. Present -quotations are: New Zealand Mutton.-—Light-weight: .July 1, 6’,-id to 7d ; June 24, 6%d to 7d; June 17, 7d to 7%d. .Medium: July 1, 6 l-8d to 6%d; June 24, 6%d to 6 5-8 d; June 17, 6%<i to 6%d. Heavy-weight: July 1, 5%d to 5 7-8 d; June 24, 5%d to 6d; June 17, 5%d to 6%d. Ewes: July 1, 4%d to sd; June 24, 4’4d to 5%d; June 17, 4%d to 5%d. New Zealand Lamb. —Best quality, lightweight: July 1, ll%d to ll%d; June 24, ll%d to ll%d‘; June 17, ll%d to ll%d. Heavy-weight: July 1, 10%d to lid; June 24, 10%d-to lid; June 17, 10 5-8 d to lid. Ordinary: July 1, 10 5~8d; June 24, 10%d; June 17, 10%d. Second-class quality: July .1, lO’/Jd; June 24, 10%d to 10%d; June 17, 10 J 4d to 10%d. New Zealand Beef. —Hinds: July 1, 4%d> June 24, 4*4d; June 17, 4 l-Bd. Fores: July 1, 2%d; June 24, 2%d; June 17, 2 3-Bd. Butter. i Market not quite so active; prices somewhat ’ irregular and fluctuating. Present quotations ■ New Zealand. —July 1,228 s to 230 s per cwt. i (2s o%d to 2s o%d per lb) ; June 24, 221 s | to 230 s per cwt. (2s to 2s o%d per lb) ; June I 17, 196 s to 200 s per cwt. (Is 9d to Is 9%d [ per lb). Cheese. Market is less active at increased rates. Official quotations are :■— New Zealand.—July 1: Colored, 100 s to 102 s per ewt. (10%d to lid per lb) ; white, 102 s to 106 s per cwt. (lid to ll%d per lb). June 24: Colored, 96s to 102 s per cwt. (10%d ro lid per lb) ; white, 100 s to 104 s per cwt, (10%d to liyjd per lb). June 17: Colored, 86s to 88s per cwt. (9%d to 9%d per lb) ; white, 86s to 90s per cwt. (9&d to 9%d per lb). Casein. Present quotations are: French, £63 to £72 per ton. CANTERBURY PRODUCE MARKET. By Telegraph.—Press Association. Christchurch, Last Night. Potatoes continue to constitute the live end of the produce market. A few farmers are offering, but northern merchants are now making offers with some freedom. A new experience in the trade this season is reported. On some of the light land in South Canterbury severe frosts have affected the undug tubers. In any case, the weather has not been conducive to digging during this past fortnight., and, as a result, fewer potatoes are reaching port. The Wingatui, which left to-night for Auckland, took 2200 sacks from Lyttelton, and approximately 1500 from. Timaru, including seed. The Opihi sails about the end of the week, but present indications are that she will take only a small

cargo. Some prompt delivery business has been done at £6 f.o.b. and 0.t., and some fair parcels have been disposed of for north for August-September delivery at this figure. Russets are worth £4 5b (id to £4 7s 6d, to farmers up to £4 10s, and Dakotas up to £4 12s 6d, but holders of the latter are not offering. There is no change from the week-end report on other classes of produce. Wheat is subject to the monthly increment of %d per bushel as from last Saturday.