COMMERCIAL.

Hawera Star, Volume XLVIII, 12 November 1924, Page 10

COMMERCIAL.

LONDON MARKETS. HIGH COMMISSIONER’S CABLED REPORT. The Department of Agriculture has received the following cablegram, dated November 8, from the High Commissioner for New Zealand, London: — Butter. Continental buying of Danish has been restricted lately and English demand has also fallen off considerably owing to high price. Market now wear-: and declining. Official quotations are— New Zealand. —Finest, salted : November 8. 216 s to 218 s per cwt (Is lid to Is llfd per lb); November 1,222 s to 226 s per cwt (Is llfd to 2s Old per ib); October 25, 224 sto 228 s per cwt (2s to 2s Ofd per lb). Other qualities: November 8,190 s to 200 s per cwt (Is 8!d to Is Old per lb). Australian.—Finest salted : November 8, 1925, 196 s up to 200 s per cwt (Is BrVd to Is Old per lb); November 1, 200 s to 208 s per cwt (Is 9ld to Is 10ld per lb); October 25, 208 sto 216 s per cwt (Is 10ld to Is lid per lb). Tnisalted: November 8,202 s to 206 s per cwt (Is 9ld to Is 10d per lb) ; November 1. 210 s to 216 s per cwt (Is 10fd to Is lid per lb;"Dctober 25, 218 s tof226s per cwt (Is llld to 2s Old pe? lb). Other qualities: November 8, salted, 160 s to 186 s per cwt (Is 4fd to Is 7ticl per lb); unsalted, 190 sto 198 s per cwt (Is. Bfd toHs 9d per lb). Canadian.—-Creamery : November 8, 188 s to 196 s per cwt (Is 8d to Is Bfd per lb l; November 1,190 sto 1.9« s per cwt (Is Sid to Is Bfd per lb) ; October 25, 200 s to 208 s per cwt (Is 9ld to Is 10 J ,d per lb). Fnsalted : November 8. 200 s to 202 s per cwt (Is 9ld to 'ls 9ld per lb); November 1, 200 s to 20t:i nor Cwt (Is 91d to !s 9fd per lb); October 25. 210 s to 21Cs per cwt (Is lOld to Is lid per lb). Argentine.—Ull salted, market weak: November 8,194 s to 200 s per cwt (Is 81 d to Is 9ld per lb); November 1, 200 s to 208 s ner cwt (Is 9fd to Is 10£d per lib); October 25. 208 s to 218 s per cwt (Is .to. Is 11 Id per lb) . Other qualities: November 8. 180 sto 190 s per cwt. (Is 7d to Is B’d per ft).'. .. .

Danish.—November 8,220 s to 224 s ner cwt (Is Hid to 2.s per lb); November 1. 230 s to 238 s per cwt (2s Hd to 2s lid per lb) ; October 25. 242 s to 214 s per cwt (2s 1-fd to 2s 2d per lb). Cheese and Casein. Cheese.—Firmer tone not maintained. Official quotations are: English.—Finest farmers’: Firm: November 8,116 s to 120 s per cwt (Is Old to Is Of d per lb); November ; 1, 114 s to 118 s per cwt (Is Ofd to Is Ofd per lb); October, 25, 114 sto 118 s per cwt (Is Old to Is Ofd per lb). Canadian.—November 8, coloured, 95s to 96s per cwt (lOd to lOfd per lb), exceptional, 97s per cwt (101 d per lb), white, 955, 98s up to 98s Tier cwt (lOd to 101 d per. lb); November 1, coloured and white, 96s to 98s per cwt (101 d to 10|d per lb); October 25, coloured, 94s to 96s per cwt (lOd to lOld per lb), white, 95s to 96s per cwt (lOd to 101 d per lb).

New Zealand.—Quiet: November 8, coloured and white, 94s to 96s per cwt (lOd to 10id per lb); November 1, coloured and white, 96s to 98s per cwt (lOld to lOld per lb); October 25, coloured, 94s to 95s per cwt (lOd per lb), white, 94s to 96s ner cwt (lOd to 10fd per lb). . * Estimated stocks of cheese on November 1 at London, Liverpool, and Bristol were: Canadian and American, 227,700 boxes; New Zealand and Australian 25,100 crates, against 217,500 boxes and 5400 crates for the same time last vear.

Casein.—French rennet unchanged Argentine lactic, £4O per ton Wool and Tallow.

Wool. —Bradford market strong,-and business increasing in merino and crossbred tops. Quotations are: Sixtyfours (merino), 6s 6d; fifty-sixes (super half bred), 4s 2d; forties prepared (coarse crossbred), 2s 4^d. Tallow. —Market quiet Present quotations are:—Mutton: Fine, 52s to 52s 6d ''per cwt.; fair to good,’ 49s to 51s; dark to dull, 45s 6d to 475. Beef: •Sweet and-or mixed, 51s 6d to 52 s 6d ; fair to good, 48s to 50s; dark to dull, 44s to 465. Mixed: Fair to good, 47s to 49s 9d; dark to dull, 44s to 45s 6dgut, etc., 40s to 455. ’ LONDON REPORTS. Ihe N.Z. Loan and Mercantile Affencv Co., Ltd., have received the following cablegram from their London house under date 7th iust. : N.Z. Frozen Meat—Lamb: ]9^d per lb (average). Mutton: Wether and maiden ewe, light 84*1 rer lb. heavy 7£d per lb; ewe, light 7-J-d per lb, heavy 6jjd per lb. Market firm. dairy produce. A. H. Turnbull and Co., of Christchurch, have received a cable from Messrs W. Weddel and Co. Ltd., dated London, 7tli inst., reading as follows: Danish butter 220 s to 224 s (236 s to 2385) ; New Zealand, salted 216 s to 218 s (222 sto 2245); market weak. New Zealand cheese, white 94s to 96s (965), coloured 94s to 96s (965); market o'net. Last week’s prices in parentheses. , The Bank of New Zealand produce i epnrtment has received the following °cl vice from its London office under date November 7: — Butter.—Weak; 212 s to 216 s per ext.

Cheese. —Slow ; 94s to. 90s per cwt. Frozen meat,—The market for wetlieiy is firm, hut little business doing. Prices for ewes have advanced slightly. Lamhs are in cl I( rrt supply, and nrices nominal. The beef market is expected to advance if supplies of chilled °re not too heavv. Wethers, light 8d to 9*d per ]b, heavv 7‘>d to -8d : ewes, 6’d to 7d • lambs, under 42’s 12? ; d to i°rl, ‘-r.r -1.. "l iel to 15-fJd, new season's 124 d • -Austrolian, ox hinds 5d to 5Jd, fores 4d to 4^d.