COMMERCIAL.

Taranaki Daily News, 8 April 1921, Page 2

COMMERCIAL.

LONDON MARKETS. HIGH COMMISSIONER’S CABLED REPORT. The Department of Agriculture has received the following cablegram, dated April 2, from the High Commissioner for New Zea- ' land, London: — Meat.—Market still over supplied with frozen beef, but with removal of control lamb prices have advanced. Official quotations, average prices are: New Zealand mutton, light-weight, B%d; heavy-weight, 8 5-8 d per lb; ewes, 7%d per lb. New Zealand lamb from U.S.A, and also free lamb direct, Is to Is 2d per lb; Australian lamb, new season, Is o%d per ib, but sale has been made at 9%d per lb for New Zealand light-weight mutton, and as much as Is 3d per lb for Australian new season lamb. Argentine chilled beef, hinds Is to Is 2d, fores 7%d per lb; New Zealand ox beef, average prices are hinds 7d, fores 5d per lb, but sale has been made up to 9%d and per lb for best quality. No new season New Zealand lamb on market, but expected next week. Nominated agent has agreed to sell surplus Government New Zealand meat at following prices ex stores, including 14 days’ storage: Wethers Stfcd, ewes 7%d per lb, cut lambs Is per lb, uncut lamb Is- o%d per lb. Butter.—Official quotations are: New Zealand, £l3 6s to £l3 10s per cwt. (2s 4 J / 2 d to 2s 4%d per db) ; Australian, £l2 8s to £l2 10s per cwt. (2s 2 to 2s 2%d per lb). Argentine, £l2 4s to £l2 12s per cwt. (2s 2&d to 2s 3d per lb). Danish, early this week, £l2 16s to £l3 14s per cwt. (2s 3%d to 2s 5d per lb). Dutch, £l2 14s to £l2 18s per cwt. (2s 3%d to 2s 3%d per lb) : English, £l7 14s per cwt. (3s l%d per lb). Irish, demand is moderate, new, £l5 18s per cwt. (2s lOd per lb) ; old, from stores, £ll 14s to £l2 per cwt. (2s Id to 2s l%d per lb). Butter and Cheese Import Committee notify intention to sell stocks at following prices to first-hand buyers from stores. New Zealand, £l3 2s per cwt. (2s 4d per lb) ; Australian, £l2 4s per cwt. (2s 2%d per lb); Argentine, £l2 per cwt. (2s l%d per lb). Cheese.—English, less demand, £7 10s to £7 13s 3d per cwt. (Is 4d to Is 4%d per lb) ; Canadian, small supply, £7 10s to £7 16s per cwt. (Is 4d to Is 4%d per lb) ; white, £8 2s per cwt. (Is 5d per lb) ; colored, New Zealand demand is good, £7 2s to £7 4s per cwt. (Is 3d to Is 3%d per lb) ; white, £8 to £8 2s per cwt. (approximately Is 5d per lb) ; colored, scarce. Remaining stock, New Zealand, will be sold from season to first-hand buyers. White, £6 12s per cwt. (Is 2’/4d per lb) ; colored, £7 10s per cwt. (Is 4d per lb). Casein: Market: weak and declining, quotations nominal. Rennet: French £B9, New Zealand, Australian about £75, British £lO5 per ton. Lactic, French £BO 10s, Argentine £57 per ton.

Hemp.—Manilla unarket steadier. J grade, January-March shipment, sold £43 per ton; February-April shipment to April-June shipment, now quoted £4l per ton. Sellers more reserved, New Zealand market dull and unchanged: quotations nominal, owing, to absence of business. March-May shipment now quoted £4l per ton, high points £3B 10s fair.

Wool.—Bradford market, quiet, and at last quotations for tops, viz.: 64’s (merino), 3s 4d; 56’s (super half-bred), 2s sd; 40’s (coarse crossbred), prepared, Is 2%d per lb.