COMMERCIAL NEWS.

Hokitika Guardian, 26 July 1921, Page 3

COMMERCIAL NEWS.

HIGH COMMISIONER’S REPORT. WELLINGTON, July 23. Hie Department of Agriculture' has received the following cablegram, dated July loth, from the High Commissioner lor New Zealand, London:—■ M FAT. Market remains steady, and shows little change in price or condition. New Zealand la mb continues in good demand at Is to Is Id per lb for old season’s and Is Id to Is 2VT per lb for new sea-

son's. Mutton, fair trade for light-weight under 641 b at 81 d to flcl, G4l h to 721 b

7.Jd to 7,yd, over 721 b slow trade at 6d to 61 per lh. Ewes, light-weight, fi.jd to fid, heavy-weight Ljd to fid per II). BUTTER.

, Market firmer on account of light supplies. Drought still continues.

Danish : Price has advanced to 242 s to 244 s per cwt (2s 2d per lb). 2fiSs per ewt .(2s 4'd per lh) asked at the end of the week.

Argentine: K|’e<‘ 190 sto 198 s per cwt (Is Slclto Is 9',d lh).

Very little free coming in besides Danish, which has created good demand for Government stocks Latter sold

New Zealand: 221 s to 22fis per ewt . (Is IPld to 2s OKI per lh). ! Australian: 201 sto 22fis per ewt. (Is 91d to 1 s 9d j per lh). ■ Argentine: Roth salted and unsalfed. 172 s to 181 s per ewt Hs Old to Is 7|d peril.).

! Government ex store price advanced for period of July lfitli to 21st as follows New Zealand: 257 s per ewt (2s 3ld per lh).

Australian lh).

240 s per cwt (2s 1 : |d per

Argentine, salted and unsalted: 225 s per cu t (2s per lb).

CHEESE

Home make falling off, and market firm. Reduction in retail price has increased consumption. Finest Fnglirii firm at 14fis to 150 s per cwt (Is 3Jd to Is til per II)). New Zealand: Coloured. 130 s to 13 v per cut (Is 2d to Is 21d per lh). occasionally 13fis per ewt (Is 21(1 per lh) : white 131 s to 13fis per ewt (Is 2',d to Is 21d per Hi), and up to 140 s per cwt (G 3d per lb). Demand less active.

Canadian: Available stocks short Coloured 12fis to 132 s per ewt (Is l id to Is 2d per lh): white. 128 sto 134 s per ewt (Is l;dto Is 2' ( d per lh).

WOOL. Sales progressing. Principal activity from Continental buyers, though ffnmr trade shows more interest than at commencement. Fine merinos slight improvement on opening rates. Offering New Zealand ernss-breds large, generally selling freely at the decline, with price for inferior irregular. Slipe mostly withdrawn. Pair quantity l’nnta .Arenas crossbreds taken for Continent, at .lime rates or better. This week's R.A.W.R.A. offerings consist of Australian merinos, greasy 12.000. scoured 310(1 bales: crossbreds, greasy 4800. scoured 1200 bales; New Zealand crossbreds, greasy 4400, scoured 1750, slipe 1400 bales.

HEMP. Manila market very quiet, and price easier. “J” grade July-September ship quoted £35 10s per ton at beginning of week .but 'there are sellers fn-dav at £35 10s. buyers about £34 10s. New Zealand quiet-. Early this week there was an advancing tendency, and small sales reported. Highpoints £36 10s, fair £34 per ton July-Septem-ber shipment. Demand dropped off later, and quotations now about £35 and £32 IDs per-ton respectively.