COMMERCIAL.

Wanganui Chronicle, Volume LXXVI, Issue 18443, 29 March 1922, Page 7

COMMERCIAL.

LONDON MARKETS. HIGH COMMISSIONER’S CAJBLED REPORT. Tha Department of Agriculture has received the following cablegram, dated March 25. from the High Commissioner for New Zealand, London:— MEAT Light-weight mutton in short supply, and demand is good at firm prices. Only moderate demand for lamb owing to cold weather. Chilled beef, temporary short supply this week and prices firmer, but no' reaction yet on frozen beef. New Zealand Mutton.—New : Lightweight, March 25, Sd to Bjd; March 18, 8d to B{d. Medium-weight, March 25, 7ld to 7 7-8 d; March 18, 7ld to 7 <-Bdl JI arch 18, 7,}d to 7 7-B<i. Heavyweight, March 25, 5Jd to 7d ; March 18, old to 6id. Ewes, light-weight, March 25, 6d. March 18, 6id. Heavyweight, March 25, sd; March 18, 5Jd. New Zealand Lamb. —North Island best, March 25, ll£d; March 18, 11-Jd; March 11, ll|d to llfd North Island, ordinary, March 25, HJd; March 18, Hid. North Island second class, March 25, lid; March 18, lid Canterbury in somewhat larger supply. selling at 11 7-8 d per lb for lightweight and medium-weight. Argentine Chilled Beef.—Hinds, March 25, 7|d; March 18, sjd; March H, sd. Fores, March 25, 4d; March 18. 3',d; March 11, 3Jd New Zealand Beef. —Frozen, quite nominal. Hinds, March 25, 4 l-8d; March 18. 4 l-8d; March 11. 4 HBd. Fores, March 25, 2’d; March 18, 21 d; March 11, 2jd. BETTER. Demand exceptionally strong this week from Home and Continental buyers. Spot supplies very short, arrivals having been cleared as vessel discharged ami Australian supplies practically exhausted. Prices have advanced rapidly and by series of sharp increases, New Zealand starting Monday at 156 s per cwt., reached 180 s per cwt. by Thursday. This will necessitate an increase in retail prices and buyers inclined to slow down towards end of the week. Official quotations are:— New Zealand—Salted : March 25, 176 s to 180 s per cwt (Is 6;d.to Is 7Jd per lb); March 18, 148 s to 150 s pei' cwt (Is 3id to Is 4d per lb); exceptional, 152 s per cwt (Is 4Jd per lb); March 11, 140 s :o 142 s per cwt Is 3d to Is 3jd per lb). Australian—Salted : March 25. 166 s to 170 s per cwt (Is 5Jd to Is 6}'d per lb); March 18, 140 s to 1445, and 146 s per cwt (Is 3d and Is 31d to Is 3Jd per lb); March 11, 132 s to 136 s per cwt (Is 2jd to Is 2ld per lb). Australian—Unsalted: March 25, 168 s to 170 s per cwt (Is 6d to Is 6Jd per lb); March 18. 140 s to 144 s per cwt (Is 3d to Is 3Jd per lb) ; March 11. 132 s to 136 s per cwt (Is 31 d to Is 2*d per lb). Danish.—Quiet. March 25, 190 s to 194 s and 196 s per cwt (Is Sid to Is B}d and Is 9d per lb); March 18, 184 s per cwt (,1s 7Jd per lb) ; March 11, 168 s to 170 s per cwt (Is 6d to Is 61d per lb). CHEESE. Good demand for New Zealand and market firmer. Present quotations are : English.—Finest farmers, scarce. March 25, 140 s to 145 s per cwt (Is 3d to Is 3id per lb); March 18 140 s to 145 s per cwt (Is 3d to Is 3>d’per lb); March 11, 140 s to 145 s per cwt (Is 3d to Is 3id per lb) ■ March 11, 140 s to 145 s per cwt (Is 3d to Is 3£d per lb). Canadian.—March 25, coloured, 96s ■to 104 s per cwt (10{d to HJd per lb); white. 90s to 102 s per cwt (!)’d to lid per lb). March 18, coloured, 96s to 104s* J,er cwt (IOJd to llld per lb) ■ white, 90s to 100 s per cwt (9’d to 10id per lb). March 11, coloured, 100 s to 104 s per cwt (IOJd to Hid per lb) • white. 96s to 100 s per cwt (104 d to 103 d per lb). New Zealand-—March 25, coloured, 84s per cwt (lOd per lb); white, 82s to 94s per cwt (9-Jd to lOd per lb). March 18, coloured. 88s to 92s per cwt (91d to lOd per lb); white, 86s to 90s per cwt (9Jd to 9Jd per lb). March 11, colour-

ed, 94s to 96s per cwt tlOd to 101 d per lb); white, 81s to 83s per cwt (82d to 9d per lb). Australian. —March 25, coloured, 88s to 90s per cwt (9Jd to 9i|d per lb) ; white, 86s to 88s per cwt (9Jd to 9Jd per lb). March 18, coloured, 88 s to 90s per cwt (9}d to 9}d per lb); white, 84s to 86s per cwt (9d to BJd per lb). March 11, not given. HEMP. Manila, quiet but steady. G grade, April-Juno shipment, quoted at £36 per ton. H grade. £35 10s per New Zealand, little further business has been done in spot and dock parcels. Highpoints reported sold down to £33 per ton, in dock, and is now offered at £32 per ton spot. Shipment is not of interest. There is inquiry for common and tow. WOOL. Sales continue satisfactorily with strong demand. Prices not materially changed from last week. Next week B.A.W.R.A. offering will consist of Australian merinos, gieasy 4700 bales, scoured 1850 hales, crossbred, greasy, 3300 bales, scoured 800 bales; New Zealand crossbred, greasy, 4850 bales, scoured 750 bales, slipe 1250 bales. HONEY. . Market very quiet for New Zealand; cheaper sort plentiful. Jamaican white selling at 71s per cwt (7£d per lb); New Zealand special, white, quoted at 90s per cwt per lb) ; medium am-, her, 70s to 78s per cwt (74d to 8)d per lb). STOCK REPORT. Dalgety and Company Limited, Palmerston North, report having a moderate yarding of rTeep and cattle at Bulls sale on Manday the 27th Inst.. There was a fair demand and following are prices realised. Quotations —Medium lambs 8/10; fat ewes 16/-; light fate wethers 17/2; f.w.d. 8.F.. lambs 13/6; weaner heifers 25/-; yearling steers £2/4/; weaner dairy heif-rs £2/2/6 to £2/14/; store pigs £l. .