COMMERCIAL.

Taranaki Daily News, 4 December 1920, Page 2

COMMERCIAL.

LONDON MARKETS. HIGH COMMISSIONERS CABLED REPORT. I The Department of Agriculture hns received the following cablegram, dated November 27 from the High Commissioner for New Zealand, London:— "Meat.—English, demand is limited, but owing to small supply prices fuU,y maintained. Average prices arc-: Beef Is 3d, mutton Is lod, lambs 2s (per lb.), but for best quality up to 2s per lb. 'for mutton and 2s 2d per lb, for lamb. No etauge In price or demand for New Zealand linear. Argentine chilled beef in moderate supply a I maximum price. "Kutter. —Hnglish, iiuxieraiu supplies coming forward at average price of £24 5s per cut. (4s 4d per lb) ; Irish, supplies very limited at £25 to £23 Is per cwt. (4s sy ad--4s Gd per lb). i "Cheese—Market unusually quiet for all descriptions. English steady at £8 .IBs to fcil 7s per cwt. (is G?id-ls Bd per lb.); Canadian prices Irregular, white £7 14s to £7 18s per cwt. (Is 4y 2 d-ls 5d per lb.), and colored £7 18s to £8 2s per cwt. (Is sd-ls SVS-U per lb). C.1.P., market is depressed, and quotations are very Irregular, £7 12s per cwt. (la 4%d per lb.) for October mate, £7 7s per cwt (Is 3%d per lb), and under for November make. "Hemp—Manila, market very quiet, and prices 'again Imv/er. ",T" grade AugustOctober shipment sold £59 per tern; October 1 - December and January-March shipments now quoted at £59 per ton sellers. New Zealand inactive and quotations nominal; sellers spot high points £35 per ton, fair £53 per ton; October-December shipment, high points, £5.1 per ton, fair £.ll per ton, "Wool.—At ffovernment sales at Liverpool on November 25, 20,515 bales of Australian and New Zealand offered and only 3000 sold at prices ruling at recent London sales. Liverpool sales fixed for December 20 postponed until January li. Bradford trade conditions »re ".'t Improved in view of uncertainty with regari; to future value. Tops, prices nominal, 04s' 5s 3d, sG's 3s 9d, 40's Is Gd per lb. "Honey.—Demand is moderate. New Zealand first grade sold this week 95s per cwt. (1014(1 per lb)." (Note: Price per lb. stown in brackets. Is! approximate price only). LONDON CHEESE MARKET. t LOWER PRICES ANTICIPATED. The Bank of New Zealand has received the following advice from its London office, under date November 2(1: "The prospects for cheese are very uncertain, market is overstocked; lower prices are anticipated. English cheese Is offered at Is 3d per lb." FAILURE OF FUR BROKERS. London, Dec. 1. The collapse in the. values of furs caused the well-known brokers, A. and W. Nesbitt, Ltd. to call a imoetin gof treir creditors. It is understood their losses were largely due to American speculators, who purchased heavily at high prices, and refused to pay when values commenced to decline. THE SuTmpTFTrEIGHTS. London, Dec. 1. The freight market is very flat and rates ate steadily declining. A few odd fixtures made for Australian wheat on very low terms are reported. A steamer has been fixed for December loading at 100s, two sailers for January at 80s, steamers for April are obtainable at about llOs. THE TALLOW MARKET. London, Dee. 1. At the tallow sales 1047 casks were offered and 1300 sold. Low quality advanced a shilling, others declined Is to 2s per cwt. The stocks total 9041 casks. Dnports dur!ns November were 0171 casks, deliveries 3102 casks. AUSTRALIAN MARKETS. Sydney, Dec. 2. Oats.—Algerian feed 2s 3d, 2s 4d; milling 2s 6d; white feed 3s 0d; milling 4s Gd. Maize, r.s 9d, Gs; Queensland Sis Gd, 5s 9d. Totatoes, £5, £7; West Australian £B. Onions, £l3 10s: Victorian £l2, £l4. Adelaide, Dec. 2. Oats.—New season's Algerian feed Is 9d. Melbourne, Dec. 3. -Hides—Competition was general. Picked stoats were unaltered; other grades declined a Hd. Barley.—English 5s (id, Cape 4s Oats, 2s Gd to 23 9d. Potatoes, £G to £O. Onions, £9 10s.