COMMERCIAL.

Taranaki Daily News, 14 July 1916, Page 2

COMMERCIAL.

NEW PLYMOUTH MARKETS. RETAIL PRICES. DAIRY PRODUCE, ETC. g. d. Buttei Creamery (pats) 1 0 Registered Dairy ~,,. 1 3 Separator 1 2 Lard t„.l 0 Hams ....v.,..-.-.... ■ 10 Rashers bacon 1 1 Rashers ham „,.. 4 1 2 Milk (quart) J 4 " - FRUIT. Oranges 2s to 3s doz. Bananas M 3d lb ''ears j, .- .. 4(1 to 6d lb Walnuts Is lb Apples . 4d to 6d lb Apples, cooking . 3d lb Lemons 5 . Is 6d and 2s doz. Jam Melons ....>« Id lb VEGETAT'.i.ES Cabbage 3d and 4d Carrots 2d per bunch Turnips 2d per bmieh Potatoes sib Is Vegetable marrows . 4d to Is Beetroot 3d Pumpkins ,1'..?.,'... l}d per lb Kumeras 51bs Is Leeks 3d bundle BUYING PRICES. ButterCreamery (pats) ■ 1 4J Registered Dairy .w. .73... 1 1 Separator lOd to Is Eggs ..:.i........-....v1.... 1 7 Fungus ■ 6 LONDON MARKETS, Australian-N.Z. Cable Association. London, July 12. Share Quotations.—Banks, Australasia £ll9 15s, New South Wale a £35 7s Gd, Victoria £75, 'Union of Australia £57 15s, National of New Zealand £ 100 3s, New Zealand £lO 8s !)d; New Zealand Loan and Mercantile £72 10s and £BO ss. The Union Bank of Australia has declared a dividend of 10 per cent, and a bonus of 2 per cent, and carried forward £71,374. Mutton.—Fine 49 s 3d, 40s, Beef.—Fine 48s, medium 455. There was a good demand for tallow, 1020 casks being offered, and all sold. Jute.—Unchanged.

WHEAT MARKET Wheat. —American visible supply 91,233,000 bushels; Chicago options, July 109 to 107% cents, September 110 to 109% cents. LONDON WOOL SALES. At the wool sales 8503 bales were offered, including 42+4 from New Zealand. There was a very large attendance, and strong competition for merinos, scoured, and slipes, but some hesitancy for greasy crossbreds. Considering the disturbed condition of the wool trade, the opening was surprisingly strong. For a poor selection of merinos sensational prices were bid, and there were further advances for all sorts of from 5 to 7'/ 3 per cent, over the closing rates for June. Crossbreds were mostly medium and inferior greasy wool. There was some irregularity, but prices generally were maintained, favoring the seller in the finer sorts, but for shabbier parcels and medium and lewer grades the buyer benefited %d per lb. There was a very strong market for scoureds, often at Id advance, and there was a good demand for slipes at the full rates for last sale. Merino lambs were not offering, and crossbreds were not materially changed. The sales were more buoyant and confident than the opening one. An important disturbing element was removed early in the afternoon. The Farmers' Union sent a deputation to Mr. Forster and urged it would be fairer to take 1915 as the basis of the purchase price of the English clip, protesting that 30 per cent, advance on 1914 was much below the value. As the result of a conference, Mr. Forster announced that the Government would pay an additional 5 per cent. It is an open secret that the only alternative to the Government scheme would be to pay the farmer the full current valuj and exact the (10 per cent excess proiits tax from which he has been specially exempted. The facts were known before the sales reopened and resulted in a firmer tone and better market all round.

Merinos showed a further hardening tendency. There was excited campetitiop, prices exceeding all expectations, partly due to the scarcity and better selection than at the opening salens. The catalogue included -28(10 bales of merino?. The settlement of the wool question favorably influenced erossbreds. for which there was better competition. Prices were .mclianged for this class. The anxiety noticeable at the opening sales had almost disappeared. It was felt that, whatever the future decision regarding colonial clips, the policy regarding Kngland was now settled, in accordance with the Government's intentions to provide it s own and the Allies' requirements at reasonable rates, and have two to three years' stocks available after the war. Developments in Kng'and respecting the colonial clips are no longer expected. It is believed that the next move will come from the Dominions. It is understood Mr. Hughes lias formulated a scheme for submission to the Australian Government, but. probably it will not be what he at first designed. namely, the British Goveriiaient'.s order for the purchase of the entire Australian clip. The figures published to-day are attracting attention, showing that Australia last season to June 15, exported 0!)7,1G3 bales to America, Italy and Japan, compared with 607,214 to Britain to April IS. The following prices were realised for the lleece portions of the clips named: Angi top 17Mid, average 10 7 / ad, head lOd and lOd; Kaputoni 34V 2 d and 32y a d.