COMMERCIAL.

Taranaki Daily News, 16 November 1921, Page 8

COMMERCIAL.

SOUTHERN MARKETS. VERY LITTLE BUSINESS. By Telegraph.—Press Association. Christchurch, Last Night. The intervention of carnival week did not disturb business in the grain and produce market, as there has been very little doing. The new tariff on oats has given a little heartening in oat circles, and is certain to have an effect on the quantity of. Algerians imported from Australia to Auckland in future. The duty will approximate about 7d per bushel, and should have the effect of diverting more attention from the nortn next Season to the South Island Algerians. As the result of the tariff there is a slightly better tone locally, though there is no improvement in values, which may be quoted at up to 2s 9d at nearby country stations for A grade Gartons and 2s 7d tor B's. There has been a little enquiry from the north for forward, business for next season’s oats, but no business is reported. LONDON MARKETS. HIGH COMMISSIONER’S CABLED REPORT. The Department of Agriculture has received the following cablegram, dated November 12, from the High Commissioner for New Zealand, London:— MEAT. Market still overloaded with inferior meat, and, while cold weather has resulted in better demand, prices have weakened, partly on ac- | count of forced sales. Present quotations arc: New Zealand mutton, lightweight: Novetn- , her 12, o%d; November 5, 5%d, 6%d; October 29, G%d. New Zealand mutton, | heavyweight: November 12, 4’Ad, s*4d; No- J vember 5, sd, 5%d; October 20, 5 l-Bd. New • Zealand ewes, slow sale, light-weight: November 12, 4%d; November 5, 4 1-su; October 29, 4 5-Bd. New Zealand lamb, light-weight : November 12, B%d; November 5, B%d, 9d; October 29, 8 5-Bd, 9d. New Zealand lamb, heavy-weight: November 12, 7%d, 8d; November 5,8 d; October 29, Bd. South American lamb: November 12, uV-d, 6’Ad. New Zealand beef, best quality ox, hinds: November 12, Ud; November 5,6 d; October 29, (id: fores, Novomber 12, 4’zi.d; November 5, 4%d; October 29, 4%d. Argentine chilled beef, firm, with upward tendency, hinds; November 12, 8d; November 5,8 d; October 29, 7’4d; fores, November 12, sd; November 5, sd; October zu, BUTTER. Government ex store price. November 11 to 24, unaltered, with the exception of New Zealand whey reduced to 135 s per cwt. (Is 2%d per lb.), and low grade reduced 5s to 10s per cwt. Government stocks New Zealand, better, tone in the marke/. Selling 194 s to 196 s per cwt. (Is B%d to Is 9d per lb.) in London, and quoted in provinces at varying prices up to 202 s per cwt. (Is 9%d per lb.) for best quality. New Zealand free, London quotations: November 12, 198 s to 200 s per cwt. (Is 9%d to Is 9%d per lb.). November 5,200 s ,to 202 s per cwt. (Is 9%d to Is 9%d per lb.). In provinces, November 12, up to 204 s per cwt. (Is lOd per lb.). CHEESE. Market steadier, with improved demand, and prices have advanced. New Zealand.—-Market firm, and more busi- j ness done. November 12: vVhite, 88s, 96s j per cwt. (9%d to 10%d per lb.) ; colored, 84s. 88s i«er cwt. (9d, 9%d per lb.). November 5: White, 86s, 96s per cwt. (9%d, 10’4-d per lb.) ; colored, 78s, 88s per cwt. (S’Ad, 9%d per lb.). October 29: White, 86s, 96s per cwt. (9’Ad, 10’4d per lb.) : colored, 80s, 90s per cwt. (SVfcd, 9*4«d per lb.). WOOL. Bradford market maintains fairly good tone. General feeling is that advance has reached its limit for the present. Medium crossbred tops steady, but prepared description easier. Present quotations are: 64’s (merino): November 12, 4s 2d; October 1,4 s Id; September 24, 3s 7d. 56’s (super halfbred) : November 12, 2s 4d; October 1,2 s 4d; September 24, 2s 3<k, 40’s prepared (coarse crossbred); November 12, Is O’Ad; October 1, Is o%d; September 24, Is o%d. Piece goods trade improving slowly. LONDON PRODUCE MARKETS. • Ti e Bank of New Zealand has received the following advice from its London office, under date November 11: Butter.—Market steady; 198 s to 200 s net cwt. Cheese. —More active. Colored 84s to BSs per cwt.; white,- SSs to 96s jier cwt. Frozen Meat. —-Wether mutton market well supplied. La-mb dull owing absence of demand. Beef In little better demand for prime qualities. Current quotationsWether mutton, light s’Ad to 6%d per lb., heavy 4’,4d to sd; ewe mutton, 4d to sd; lamb, light 7',- : J to B%d, heavy 7d to 8d ; ox beef, hinds -'d to 6d, fores 3%d to cow beef, hinds 4<l to 4’Z.d, fores 2%d to 3%d. Messrs. W. Weddel and Co., Ltd., cabling undec date London, November 11, tn Messrs.

A. 17. Turnbull and Co., advise as follows: Danish butter, nominally 2625; N.Z. butter. Government unchanged, free 198 s, 2fios; market steady. Now Zealand cheese, white 88s, 965: New Zealand cheese, colored 84s, 88s; market Ann with more business doing. Messrs. Dalgety and Co., Ltd., report laving received the following cablegram from their London house under date of November 14:—Butter.—Market steady. Danish, nominal quotation, 2625; Australian, salted 145 s .o 180 s, unsalted 152 s to 200 s; New Zealand, 198 s to 200 s. Government prices unaltered. Cheese.—-Market firm, with more inquiry. New Zealand, colored, 84s to SSs, white SSs to 965; Canadian, c.i.f. quotation, 100 s. INGLEWOOD SALE. (Frc.m Our Own Correspondent.) Though the attendance at Nowton King, Ltd.'s sale on Saturday was not so largo as is often the case, those present were evidently there intent on business, and the sale went off well. As was to be expected, the demand for pigs was not so keen as was the case a few weeks back, but good prices were realised, and vendors had small cause for complaint. Slips made from 9s to 17s; Berkshire slips_ made. 35s to 41s; - a sow and 9 piglets sold for £8 ss. Chicks sold at 8d to 2s for Minorcas; heas 2s 6d to 5s 6d; cocks 3s 3d; ducks 3s 3d to 4s. The sundries also sold at good prices.