COMMERCIAL.

Taranaki Daily News, 25 November 1921, Page 2

COMMERCIAL.

TALLOW SALES PASSED. By Telegraph.—Press Assn—Copyright. London, Nov. 23. Owing to the continued lack of demand the tallow sales will not be held this week. SYDNEY WOOL SALES. Sydney, Nov. 24. The demand for good, fine wools continues strong at full rates. Burry and Inferior show an easing tendency and declined 5 to 7% per cent, on the closing rates of last series. LONDON WOOL SALES. The New Zealand Loan and Mercantile Agency Company, Ltd.,~have received the fob lowing cablegram from their London house under date 22nd instant:— Wool Sales.—There was a good attendance at the opening of the sales to-day, competition by home and French buyers being fairly active, and prices, as compared with close of preceding series, ruled about 10 per cent, lower for fine greasy crossbred, 7% per cent, for mediuun and coarse greasy crossbred, 10 per cent, to 15 per cent, for scoured and slips crossbred and merino. The opening catalogues were fhirly representative. LONDON MEAT MARKET. The Farmers’ Co-op. Auctioneering Company, Ltd., Hamilton, have received the following cable from their London office: Mutton and itumb values have declinedexpect price to decline further. Large supply of fresh killed meat. Tallow market is dull with downward tendency. Oats in demand and prices improved slightly. A REVIVAL EXPECTED. Palmerston North, Nov. 22. Messrs. M. A. Elliott and Co., of Palmerston North, have received the following circular from Messrs. Gilbert, Anderson and Co., dated London, October 6, which gives a review of tt:e meat position:— “Heavy marketing of South African mutton, tegs, lamb and chilled beef during the last few weeks on a low market, combined with varying quantities of Scotch, English, Dutch, and United States (Birkenhead killings), has caused a considerable weakening in prices, and with the weather exceptionally warm and unseasonable, the trade Is hopelessly unuddled. Buyers have been unable to turn over their stocks in any quantities. Ti e forward buyers of Canterbury lambs hastened the slump by reselling in the region of purchase price when the spot market was pence per lb dearer, and with the absence of buyers, this forced selling of stocks between wholesalers continues, with the result that the price falls daily. “Ships are delayed in the discharge through the absence of storage, and with traders able to calculate stocks according to the quantity afloat (fully one and three-quarter million lambs have to be disposed of) all confidence in the market has vanished, the hitherto optimistic ones doing nothing now. but bemoan their losses. “The fall in prices constitutes a record, and until such times as Scotch Hill lambs in particular are finished and colder weather revives the trade, prices will remain nominal with weakening tendencies. To add to the difficulties of the trade, the Government (after refusnig to allow agents to dispose of their, wether stocks under 8d per lb for weights under 721 b and 6%d for overs) disposed of them to a private trader at a price believed tn "be 4d per lb London, with allowances on parcels stored in the provinces. The total stocks are about 80.000 carcases, not large, but sufficient to cause anxiety on the present slow market.

“The general opinion is that no more imeat will be sold by the lowering of prices, and chat If the stocks held by the weak holders are not numerous, prices will hold firmer in a. few weeks. Meanwhile difficulties are increased through the large distributors keenly competing for the little business doing.” INGLEWOOD SALE. (From Our Own Correspondent.) The combination of untw-rrnrcl circumstances, wet weather, a depressed market, and the counter attraction of the Stratford show on Wednesday, resulted in only a small sale being held at the Farmers’ Co-op. yards. Prices realised Included 25s for mixed yearling and 2-yeac steers, 45s for small yearling Jersey strain heifers, £3 9s for 4-year-old bullocks, £8 10s for Jersey bull, and from £3 4s to £5 for fat. cows. DAIRY PRODUCE. ETC. RETAIL TRICES, NEW PLYMOUTH Butter— fl. d. Creamery (pats) 2 0 Registered dairy 1 9 Eggs 1 10 Lard 1 3 Hams ...» 1 2% Sides Bacon 1 3% Rashers Bacon 1 8 Rashers Ham 1 8 Milk (quart) 8 FRUIT. Apples (dessert) fld and Sd Lemons 5 for Is Bananas 6d Oranges (Californian Sunkist). 3s and 4s doz. South Australian Navels .... 4s and 5s doz. Island oranges 3s and 4s doz. BUYING PRICES. Butter — s. d. Registered dairy 1 6 Creamery (pats) 1 9 Eggs 1 7 Flour—2001b sacks 48 0 1001 b bag 25 C 501 b bag 13 0 251 b bag 6 11