COMMERCIAL.

Timaru Herald, Volume XCVIII, Issue 17624, 8 October 1921, Page 7

COMMERCIAL.

LONDON MARKETS,

Bv Electric holograph—Copyright. Australian and N.Z. Cable Association Received 6.30 p.m., Oct. 7th. LONDON, Oct. 6.

Government, Danish, and Argentine butter prices are unchanged. The first shipments of Australasian free butter are expected next week. There are small prospects of the Government prices being exceeded, and possibly they vill not be equalled owing to supplies of the lower-priced uncontrolled article almost equalling the demand. . The cheese market is uncertain. New Zealand white is 100 s to 102 s per cwt; coloured 02s to 945. The wheat market is dull, with prices tending in buyers’ favour. Australian is quoted at 60s. Flour is moderately steady. Aus- j tralian, 58s 6d. • > The oats market is weak; prices ; have declined Is. j Beans and peas are quiet; Tasmanian and New Zealand blues un- | changed. I Sugar is in good demand; granulated, 5 2s 3d. j ANTWERP SALES. j I At the Antwerp wool sales 10,300 bales of Australian were offered and ' all were sold. There was excited competition, with prices 2 5 to 3 0 per cent, above August rates. BRADFORD MARKET, LONDON, Oct. 6, The Bradford wool market is strong in tone, and prices are firm, With an upward tendency. SALE ALLOCATIONS. MELBOURNE,, Oct. 7. The Council of Woolbrokers allocated 300,000 bales for the November and December sales. HIDES FIRM. Hides arc very firm, but values are unaltered. All prices are in sellers’ favour. NEW SOUTH IVALES LOAN. LONDON, Oct. 6. It is understood that the New South Wales £3,000,000 (i per cent, loan is being isnued on Friday at 9 5. CHRISTCH URCH REPORT. Per Press Association, CHRISTCHURCH, October 7. All round, the business in the produce trade this week has been extremely quiet. T'lio slight impetus given to tlio oat market about three weeks ago was only artificial, and to-day the top prices quoted were: A grade Cartons 2s lOd, B grade 2s 9d, on trucks. Tho offerings from tho country are not heavy, bub are ample for requirements. In sympathy with oats, tho trade in cluiif is also dead, and the rates quoted remain tho same —£3 to £3 5s at country stations. Seeds are quiet all round. A fair quantity of clover was shipped by the Ccrinthic for London this week.

FROZEN MEAT.

* The following is a copy of a cable received l>y Dalgoiy and Co., Timaru, ! from their London office, dated Gth | inst. : —“Frozen meat- demoralised at { present, and quotations are merely ! nominal. N.Z. mutton, didh 11010111. Old, 601 b bild, heavy dpi to dd, small ewes 41d, heavy 4d to 4 !d. N.Z. lamb, light Od, heavy Bd. Further decline. i expected in L-unh. which is unsaleable jat present. owing to competition of [ cheap American chilled.”