COMMERCIAL.

Taranaki Daily News, 7 December 1921, Page 2

COMMERCIAL.

LONDON MARKETS. HIGH COMMISSIONER'S CABLED REPORT. The Department of Agriculture has received the following cablegram, dated December 3, from the High Commissioner for New Zealand, London : MEAT. Market remains depressed. Present quotations are : New Zealand mutton : Lightweight, December 3, 5%d, 5%d; November 26, 5%d, 6d; November 19, 6d, Oy a d. Heavyweight, December 3, 4%d, 4%d; November 26, 4%d, 4%d; November 19, sd. Ewes: December 3, 4 3-8 d; November 26, 4 1 4 d; November 19, 4 3-Bd. Lamb: Lightweight, December-3, 7 J 4d, 7 5-8 d; November 26, 7%d, 7%d; November 19, B l Ad. Heavy-weight. December 3, 6%d, 7d; November 26, 6*£d, 7d; November 19, 7%d, 7%d. New Zealand beef, prime ox: Hinds, December 3, sd; November 26, 5%d; November 19, 5%d. Fores: December 3,4 d; November 26, •id; November 19, 4d. BUTTER. Market, quieter. Buyers holding off in anticipation of lower prices owing to large supplies coming forward. Home supplies scarce. Danish, very slow: December 3,210 s to 214 s per cwt. (Is 10%d to Is lid per lb). November 26, 225 s to 236 s per cwt. (2s to 2s I’Ad per lb,). November 19, 248 s to 254 s per cwt. (2s 2%d to 2s 3*4d per lb.). New Zealand: December 3, satted, 196 s to 200 s per cwt. (Is 9d to Is 9%d per lb.). November 26, 198 s to 204 s per cwt. (Is 9*4-3 to Is 9%d per lb.). November 19, 198 s to 200 s per cwt. (Is 9*4d to Is 9%d per lb.) . Ruapehu, Athenic. and Dorset butter not available yet, but expected next week. Government stocks in pool request, and trade is of the opinion that prices will require to be further reduced In order to stimulate disposal. CHEESE. Market quiet. New Zealand: December 3, hew, white, 102 s, 106 s per cwt. (10%d, ll%d per lb.) ; colored, 100 s, 104 s per cwt. (10%d, lid per lb.) ; old, colored, 90s, 98s per cwt. (9%d, 10*/fed per lb.). November 26, white, 100 s, 110 s per cwt. (10%d, 11 %d per lb.) ; colored, 925, 106 s per cwt. (9%d, ll’Ad per lb.). November 19, white. 945. 106 s per cwt. (10d, ll*4d per lb.) ; colored, 86s, 96s per cwt. (9%d, 10%d per lb.). CASEIN. Market firmer. Present quotations are P.ennett, French, £6l to £64; British, 4565 per ton. OTHER ADVICES. The Bank of New Zealand has received tbe following advice from its London office under date December 2 : Butter. —Weaker, owing to heavy arrivals; 196 s to 200 s per cwt. Cheese.—Quiet. New season’s colored, 100 s to 104 s per cwt.; new season’s white, 102 s to 106 s per cwt. Frozen Meat.—Market depressed owing to heavy arrivals all kinds. Prices have declined about to per lb. all round. Messrs. Dalgety and Co., Ltd., feport having received the following cablegram from their London house under date December 3: “Sheepskin sales: 6000 bales of sheepskins offered, 95 per cent. sold. As compared with last sales' closing rates, merino combing skins, merino clothing skins, and fine crossbred pieces are per cent, lower, short-woolitd and shorn pelts 10 per cent, lower, crossbred coarse and medium 10 to 15 per cent, lower.” Messrs. Dalgety and Company, Limited, report having received the following cablegram from their London house under date December 2 : “Butter.—Market weaker owing to increased arrivals, and further decline probable. Danish, 210 s to 2145; Australian, unsalted, finest, 190 s to 1965, salted 168 s to 1765, secondary 130 s to 160 s, inferior 100 s to 120 s. New Zealand, finest. 196 s to 200 s. Government prices unaltered. “Cheese. —Market very quiet. New Zealand colored, new make, 100 s to 104 s, old 90s to 9Ss, white 102 s to 106 s; Australian, colored. 90s to 925, white 96s to 104 s; Canadian, C.i.f. quotation, 108 b." BANK OF AUSTRALASIA. By Telegraph.—Press Association. Wellington, Last Night. At an extraordinary general meeting of the proprietors of the Bank of Australasia in London a resolution was adopted a-uthorising the subdivision of 100,000 existing shares of £4O each into 800,000 shares of £5 each. The proprietors’ registered holdings have been altered accordingly, and the reserve liability is now £5 per share instead of £4O as formerly. INGLEWOOD SALE. (From Our Own Correspondent.) At Newton King, Ltd.’s mart sale on Saturday there was a good number of pigs offered and prices were slightly firmer than of late. Weaners realised from 6s to 14s. slips 16s to 19s, stores 25s to 32s 6d. A 15-month old grade Jersey heifer sold for £4 10s; Is 4d each was paid for a line of rimu fence posts. A fair muster of poultry sold readily. Bantams 9d to lOd, hens up to 4s, chicks Sd to Is 9d, ducks 4s Cd, ducklings Is 9d to 2s 9d, hen and brood of chicks 12s 6d. New potatoes made 2%d and 3d per ’b. Sundries, including cabbages, cauliflowers, green peas, etc., sold well. NEWTON KING, LTD. REPORTS. The general tone of the market remains in a similar position to that stated In our last report. The yardings on the whole are fair, and in almost every instance satisfac•n-- -learances are made. We oum* as .follows 3 Urenui on novemoer 23: rtvggets . s. full-mouthed ewes 4s 6d, store cows 20s, 30s, forward do. £3 13s 6d, £4 ss, fat do. £5 12s 6d, 15-month steers 13s 6d, fresh conditioned 2-year do. £2 7s, 15-month heifers 245, Jersey do. £8 12s, heifers r.w.b. £2 2s, £2 14s, springing heifers £7, £8 ss, springing cows £6 ss, £8 15s, quality do. At Stratford on November 29 : Hoggets 7s, store cows 30s, £2, fat do. £4 10s, 15-month heifers £'2 6s, £2 18s, Jersey do. £5, £6 10s, £B, extra, choice quality do. £l4, £l3 I.os, springing heifers £9, £ll ss, dairy cows £5 10s to £ll. At Inglewodd on the following day: Ewes and lambs 7s 2d, shorn forward hoggets 9s Id, woollv wethers 14s, 15-montb steers 17s sd, 15montii heifers £2 3s, £2 12s, £3, inferior do. 21s, store cows 20s, 30s, forward do. £3 ss, empty heifers £3 ss, £4 19s, springing heifers £6 ss, £B, dairy cows £9 ss. At Rahotu on Ist Inst.: Store cows 20s, yearling steers 11s, 15-month heifers 30s, £2, empty heifers £2 ss, £3 10s, fat cows £6. At Douglas on sth Inst.: Fat wethers Ils 9d, fat ewes 8s 9d to 10s, forward cows to £3 10s, store do. to £1 ss, 15-month steers £l, 2%-year do. 35s Gd, good 15-monlb heifers £3 9s to £4 10s. FARMERS’ CO-OP. REPORT. The Farmers’ Co-op. report for the week ending December 3 is as follows: At Okaiawa on Monday we lad a medium yarding. Fat cows made £4 12s, £4 15s, £4 16s, forward cows £2 2s, others 20s to 255, dairy cows £l3, Jersey cross heifers £5 2s 6d, bulls 30s to £3. At Eltham on Wednesday, sows to farrow made £3, hoggets 9s Bd, fat cows to £5 €s, others to £2 10s, boners 35s to 20s, Jersey yearling bulls £6 to £3 10s, yearling heifers small to £2, dairy heifers £5 to £6, dairy cows to £B. At Hawera on Thursday we had a fair yarding. Small hoggeta made 7s 7d, fat woo'ly ewes 12s 6d, ewes with lambs 14s fid, fat and forward two-tooth wethers 12s Id, fat and forward two-tooth ewes 10s lOd. works bulls 30s to 255, fat cows £5 to £5 10s, good cows £3 7s 6d to £4, forward young Icows £2 to £2 10s, others 20s to 30s, yearling Jersey bulls £2 10s to £4 ss, 2-year mixed steers 28s. good 2%-year ditto £2 14s, well-brad yearUog Meers to 2Ss, yearling Mol-

stein heifers to £2 15s, small Jersey cross ieifers to £2 7s, porkers £2, light stores 30s, slips 15s to 20s, suckers 7s 6d to 10s. At Waverley on Friday we had a full yarding of sheep and cattle. Suckers made from 9s to 10s, slips 15s, mixed two-tootfcs 9s, ewes with lambs at foot 12s 6d, shorn ditto medium quality Bs, woolly two-tooths 12s 9<l, forward shorn ditto 10s, forward fouryea r bullocks £4 19s, forward cows £2, cows with calves £2 10s, yearling steers 25s to 275, yearling heifers £2 9s, 345, dairy coffs £B.