COMMERCIAL.

Taranaki Daily News, 23 November 1921, Page 2

COMMERCIAL.

I SOUTHERN MARKETS, . BUSINESS VERY DULL. By Telegraph—Press Association. Christcturch, Last Night. There is ho change to report in the range of prices for farm produce. Business is unusually dull generally, but there has been a slight revival in potatoes. Enquiries are, however, for small lines, and the improved tone is probably due to the fact that, there has been a sharp jump in Wellington arid elsewhere in the market price of new potatoes. Some of the early tubers from Auckland were selling at as low as 2d per pound, but the supply suddenly dropped off, the northern growers no doubt being disinclined to supply the market at such comparatively low prices. There Is a good deal of oats still in the country, but no business Is doing. Chaff also is dead, but fowl wheat is meeting good enquiry. BRADFORD WOOL MARKET. By Telegraph.—Press Assn.—Copyright. Received Nov. 22, 5.5 p.m. London, Nov. 21. In Bradford wool there is little business pending the opening of the Londou sales tomorrow. —Aus.-N.Z. Cable Assn. LOAN FOR SOUTH AFRICA, Received Nov. 22, 5.5 p.m. London, moy. al; The Union of South Africa is underwriting a £6,000,000 6 per cent, loan with a currency of 1930-40, issued at 96%. This has occasioned some surprise coming so soon after the September issue, but £5,000,000 of the new loan is required to meet Treasury bills (maturing in December and February.— Aus.-N.Z. Cable Assn. LAND COMPANIES. London, Nov. 20. The Scottish Australian Investment Company pays a final dividend of 7% per cent., tax free. The New Zealand and Australian Land Company shows a loss of £87,259. It transferred £210,000 from the contingency fund to pay the preference dividend, also an ordinary dividend of 4 per cent., tax free, and carries forward £2740. LATEST LONDON PRICES. HIGH COMMISSIONER’S MARKET The Department of Agriculture has received the following cablegram, dated 19th inst., from the High Commissioner for New Zealand, London : MEAT. Market Irregular and weaker, mainly owing to excessive supplies of home-killed and Continental meat, combined with low prices accepted for balance of old season's imported meat. N.Z. mutton, lightweight, November 19, 6d, 6%d; November 12, 5%d, 6%d. N.Z. mutton, heavyweight, difficult, to sell: November 19, sd; November 12, 4%d, 5%d. N Z. ewes, lightweight, November 19, 4 3-« d; November 12, 4%d. N.Z. lamb, Hghtweiglit, November 19, B%d; November 12, B%d. N.Z. lamb, heavyweight, November 19, 7%d, 7%d: November 12, 7%d, Bd. N.Z. beef, little demand, quotations nominal; Best ox hinds, November 19, 5%d; November 12, 6d; foras, November 19, 4d; November 12, 4%d. Argentine chilled beef, hinds, November 19, 7%d; November 12, 8d; fores, November 19, bd; November 12, sd. BUTTER. Good inquiry for best qualities, which are disposed of without difficulty. Home supplies scarce. Irish, salted, November 19, 184 s >o 196 s per cwt. (Is 7%d to Is 9d pel* lb) ; unsalted, 198 s to 205 s per cwt. (Is 9%d to Is lOd per lb). November 12, not quoted. Danish, in short supply, partly owing to good Continental demand, cold weather affecting production. November 19, 248 s to 254 s per cwt. (2s 2%d to 2s 3%d per lb), occasionally 260 s (2s 3%d). Colonial: Good inquiry for newly arrived. Australian: November 19, salted, 176 s to 185 s per cwt. (Is 6%d to Is 8d per lb) ; unsalted, 196 s to 200 s per cwt. (Is 9d to Is 9%d per lb) ; November 12, salted. 165 s to 180 s per cwt. (Is 5%d to Is 7%d per lb), occasionally 200 s per cwt. (Is 9%d per lb). New Zealand: November 19, salted, 198 s, 200 s, and up to 202 s per cwt. (Is 9%d, Is 9%d, Is 9%d per lb) ; November 12, same quotation. The Athenic is expected to discharge towards the end of next week, sellers asking same price. Argentine: November 19, salted, 186 s to 194 s per cwt. (Is 8d to Is B%d per lb) ; November 12, 180 s to 188 s per cwt. (Is 7%d to Is 8d per lb). Government stocks, better feeling reported last week; continue at prices then quoted. CHEESE. Market firm and demand continues good. English: Finest farmers’ quoted at —November 19, 130 s to 140 s per cwt. (Is 2d to Is 3d per lb) ; November 12, 130 s to 140 s per cwt. (Is 2d to Is 3d per lb). Canadian: White, November 19, IGOs to 112 s per cwt. (10%d to Is per lb) ; colored, 96s to 108 s per cwt. (lO’Ad to ll%d per lb) ; November 12, white, 94s to 104 s per cwt. (lOd to 1 ld| .per lb) ; colored, 90s, to 98s per cwt. (9%d to 10%d per lb. New Zealand: November 19, white, 24s to 106 s per cwt. (lOd to ll%d per lb) ; colored, BGs to 96s per cwt. (9%d to 10%d per lb). November 12, white, 88s to 96s per cwt. (9%d to 10%d per lb) ; colored, 84s to 88s per cwt. (9d to 9%d per lb). WOOL. Bradford (market quieter this week; users cautioifb in view of easier tendency in Australian market. At Liverpool B.A.W.R.A. sales this week price for good wools about 5 per cent, lower, average and inferior sorts 10 per cent, below last London closing rates. Outlook for coming series influenced by the extreme depreciation of the mark and consequent. effect on German competition. Total offerings will be 73,000 bales 8.A.W.R.A., Including 35,000 bales combing merinos and 19,000 bales New Zealand crossbreds. Privatelyowned wools 72,000 bales, of which’ 27,000 Australian, 34,000 New Zealand, balance principally South American. LONDON PRODUCE MARKETS. The Bank of New Zealand has received the following advice from its London office under date November 18 : Butter.—Finn. Government butter, 194 s per cwt. ; free, 198 s to 200 s per cwt. Cheese. —New Zealand stocks practically cleared, and extreme prices «ie possible for remainder. Colored, 86s to 96s per cwt.; white, 94s to 106 s per cwt. Frozen Meat.—-Market dull, owing to heavy arrivals. Prices are unchanged from last week. Messrs. Dalgety and Company, Ltd., report having received the following cablegram from their London house under date November 18 : Butter. —’Market firm, owing to small supply. Danish, 248 s to 2545; Australian prime unsalted, 196 s to 200 s, salted 176 s to 186 s, secondary salted 160 s to 1725, Inferior salted 150 s to 1565; New Zealand, first grade, 198 s to 200 s. Cheese.—Market firm, stocks practically cleared. New Zealand, colored 86s to 965, white 94s to 106 s; Canadian c.i.f. quotation, 105 s to IOGs. The New Zealand Loan and Mercantile Agency Company, Ltd., have received the following cablegram from their London house under date November 18 : New Zealand Butter.—Government first grade, market unchanged. (Last quotation £9 ISs to £10). . Cheese.—White, £4 14s to £5 os; colored, £4 6s to £4 16s Marljet firm. Messrs. Sheed, Thomson, and Co., Ltd., London, cabling on November 19, report as follows: — Cheese. —Firm. Colored 86s to 90s; white, 94s to 106 s. I Butter. —Firm. New Zealand, 198 s to 2095. NEWTON KING LTD. REPORTS. ! At Urenul on November 14, a full yarding of cattle came forward, which included a heavy entry of 2 to 4-year steers. This class . mat with llttl® or no demand. The balance

I of the yarding practically all sold, prices remaining at late levels. Fat sheep 12s Gd, *l5-month steers 255, store cows Ils to 255, fat do £3 5s to £4 12s 6d, heavier do £5 to £6 7s 6d, 15-month heifers £2 to £2 103, Jersey do. £8 10s, springing heifers £7 10s to £lO 15s, inferior do £5 10s to £6, dairy cows £8 5s to £l2 15s, aged and poorer quality do £5 to £5 15s. At. Stratford on 15th inst., the store pens were fully taxed, 15-month heifers making up the bulk of the entry. Prices receded a shade compared with- the previous sale, but a very satisfactory clearance was .made. In the dairy section, although values had decreased considerably vendors mostly were prepared to meet the markets. Several head of pedigree Jerseys submitted for sale in the dairy pens, on .account of Messrs. Kendrick Bros., attracted very keen local competition and. good prices were realised as follows: Pedigree Jersey cows 20 tri 42gns, 2-year heifer at profit 55gns., heifer calf 30gns, yearling bull on account of Mr. Butler, Tariki, 30gns. Quotations: Hoggets 6s 9d to 10s, ewes 7s 6d, fat do 10s Bd, store cows 15s to 30s, forward do £2 12s 6d to £3 10s, yearling heifers 25s to 32s 6d, 15-month. do £2 10s to £3 Bs, Jersey strain do £4 9s to £4 ..15s, springing heifers £6 to £9, better classes £lO 10s to £ll ss, heifers calved £9 10s to £lO, dairy cows £6 10s to £9 10s, choicer do £ll to £l4. At Inglewood on the 16th a full entry of sheep and cattle came forward. The sale was a dragging one for both classes, but with the stock that was sold at the hammer and that vVhlch was quitted privately after the sale little of the yarding remained unsold. We quote as follows; Hoggets 5s 9d, empty ewes ss. Id, ewes and lambs 9s, wethers 6s to 8s lOd, fat do 12s to 14s, 15-month steers 235, store cows 10s to 365, forward do £2 10s, fat do, £3, empty heifers £2 to £4 6s, Jersey do £5 2s to £6, springing heifers £5 to £7 10s, springing cows £6 5s to £8 10s,. belter quality do. £9 15s to £1.4. At Rghotu on 17th inst., we report a much improved sale, a fair yarding being wholly cleared. Quotations: Store cows 10s to 31s, fat do £2 10s to £3 10s, finished do £6 ss, 15-month steers 17s, 15-month heifers 30s rid to £2 •4s 6u, 2-year old empty heifers £4 os, springing- cows £l2 10s.