COMMERCIAL.

Taranaki Daily News, 24 November 1920, Page 8

COMMERCIAL.

NEW SOUTH WALES LOAN. By Telegraph.—Press Assn.—Copyright. London, Nov. 22. The underwriters of the New South Wales loan receive 70 i>er cent, of the loan. LONDON WOOL SALES. The N.Z. Loan and Mercantile Agency Co. Ltd., have received the fWlowing cablegram from the.r London house under date 20th. inst: —Woul sales closed. The market i 3 weaker. Withdrawals heavy. Course crossbred wool not sold; nouitnal quotation. fJrensy crossbred realised as follows: Hfi's, Is 10d•r»0'sf Is 4ted; 44' h to 4B's, Is 2d; 3G's to JQ's, lJi^d. LONDON MARKETS. HIGH CMfMISSIOXBR'S REPORT. The Department of Agriculture has received the following cablegram, dated November 20, from the High Commissioner for New Zea land, London:— ' .Meat. English, trade dull but prices have advanced owing to short supply, and owing to tie absence of Dutch. English beef Is Is 4%d per lb.; mutton, la tod, :!s per lb.; lamb, 2s, 2s 2d per lb. New Zealand mutton and lamb in active demand at full prices (viz., ewes, 8d; cut wethers, Sd; ttn cut wethers, !)d per lb.; mutton, Is Id per lb.) New Zealand ox beef, lOVid, 71<,d per lb., hinds and fores; cow beef, Sd, Gd per lb., hinds and fores; Argentine chilled beef Is Sd per lb.; hinds and fores respectively. "Butter.—Very limited auppPy Bngliah; average price is £24 5s per cwt. (43 5d per lb), but sales have been made up to £2B per cwt. (5s per lb). Irish; No supplies cowing forward. Government butter will be increased to iy 2 ounces neit week. No change in price (viz., 3s 4d per lb. retail). "Cheese.—.Market is dull and declining, and demand is limited for all descriptions.' Last Government allotment not fully applied for, Indicating that consumption is deereas Jig. No change in price; wholesale Is r,d per lb., retail is Sd per lb. English, £8 ir»s, £9 per cwt. (Is up to £ll Ts per cwt. (Is Sd per lb.), for extra fino quality. Canadian, white, £7 l-.s. £7 ISs per cwt. (Is 4 1 ,£>d, Is 5d per lb ) ■ colored, £7 18s, £8 4s per cwt. (Is sd,' Is o'.id per lb) ; spot, c.i f. prices have declined £7 ">s, £7 His per cwt. (is 3</ 2 d, Is 4d per lb).•

"Hemp —-Manila market dull and declining owing to tl'e absence of buying interest, "J" grade November-January shipment sold early '.his week £O3 per ton, but later £(io ids per ton. Sellers' present quotations are ■ August October shipment, £O3 per ton; Oct' December shipment, £t!i per ton. Output January I November 15, 372,000 bales against 930,000. New Zealand market quiet, 110 transactions reported. Quotations un' changed: High points, spot, f a j r> £53 per ton; Ocmltr-Dei'f.miiei' shipment, £53 and £sl per ton respectively. "Wool.—Sales close to-day. There has been no change compared with openiii" At tendance good, but competition unsatisfactory; large proportion offering withdrawn. Cjuod merinns und fino crossbreds acid nt deellne as already Indicated. Practically no coarse crossbreds have been "sold, and scoured and sliped sold very poorly. Average closing values New Zealand wools: CO's to 11 <««'»#> & I" -'s M per lb.; 50's to oiis (half-breds) Is td to 2s per lb • 48'(One crossbreds), Is 4d to Is (id per lb."; 44 s to 4G's (medium crossbreds) is to Ji M per lb.; ,I(j's to 40\s (coarse crossbreds) 10. to J, per lb.; 4C's and under, nominal only, no sales have been made to give rctual price basis. "Honey. Market very quiet. A: this week's public sales New Zealand common grade sold :,..s per cwt. ((id per lb.) ; nominal uc iirsl {M'ade, !»u,s u> 1003 per ov;t riuri to lijt/jd jier lb.)" ' \ '* Note. Price p cr |b. S |. OBU pilrel .., -'.s approximate price only.