COMMERCIAL.

Taranaki Daily News, 25 August 1920, Page 5

COMMERCIAL.

LONDON MARKETS. HIGH COMMISSIONER'S "CABLED REPORT. The Department of Agriculture has received the Following cablegram, dated August 21, from the High Commissioner lor New Zealand, London:— "Meat—Market steadier. Better demand for fresh beef and mutton, of which there is a small supply. Prices tinner, beef, Is 3Ad; mutton, Is lOd; lamb, Is lid. Imported: Maximum Dyed prices unchanged. '•Butter.—Government price will be raised Lo 2s SJd wholesale, 3a retail as from August 23. Irish: Small supply, quoted at £2l to £2l 10s, but demand is not brisk at this figure. Unglish: Average price is £11) ]7s fid. Danish': Production reported to be, well maintain-

' ed, but milk supplies are likely to decrease from now on. Also reported that Food Ministry has been unable to conclude agreement with Denmark for new contract on account of high prices. Present contract expires at the end of this month, ''Cheese.—English: Demand continues slow, and is chiefly for lower-priced descriptions. Quotations range from £8 to £9 2s; Canadian, spot, demand is quiet: . White. £7 13s; colored, £7 17s. Quotations c.i.f. firmer, colored £B, but no business has been done. "Hemp.—Manila market firmer. Moderate business has been done. *.!' grade, April-June to June-August, shipments now quoted at £64; August-October shipment sold £O4 10s and up. New Zealand market quiet. Highpoints, spot, •sold £54; August-October shipment quoted at £53 sellers; fair, spot, £52; August-October shipment, £51." LONDON TALLOW SALES. The Bank of New Zealand has receiyed the following advice from its' London office under date August IS:.—"TallowMarket is easier at a decline of £1 per ton." j The New* Zealand Loan and Mercan--1 tile Agency Co., Ltd., have received the following cablegram from their London house under date August 18:—Tallow Wo quote present, spot values for the I following descriptions:—Fine mutton, £3 18s per cwt.; good beef, £3 16s per cwt.; mixed, £3 8s per cwt. Market quiet.