COMMERCIAL.

Taranaki Daily News, 22 February 1922, Page 2

COMMERCIAL.

DAIRY PRODUCE. LONDON BUTTER AND CHEESE MARKETS. The Bank of New Zealand, produce department, has received the following advice from its London office, under date February 17: “Butter. —-Market steady; 138 s to 140 s per “Cheese. —Market steady. Colored, 100 s to 102 s per cwt; white, 90s to 94s per cwt. Messrs Dalgety and Co., Ltd., report hating received the following cablegram from their London house, under date February 17: “Butter. —Market steady, but quiet, more demand for salted than for unsalted. We expect no immediate change in prices. We quote: New Zealand, salted, 180 s; Danish, 186 s; finest Australian, salted, 168 s; unsalted, 1765. “Cheese.—Market steady. New Zealand, colored, 100 s to 102 s. Australian colored, 96s to 985.” „ The New Zealand Farmers’ Co-operative Distributing Co., Ltd., report having received the following cablegram from their London office: •Butter. —Steady. New Zealand, £6 16s to £7; Australian, £5 14s to £0 Bs. “Cheese.—Finn: 92s to £5 2s. “Wool sales, Hull, yesterday, best qualities 5 per cent., ordinary and inferior 16 per cent, below last London rates. “Wheat markets very active; further advance in price has taken place, 2s 6d to 4s, according to description. “Tallow, excepting fine mutton, Is dearer.. “Meat.—Generally affected heavy supplies beef, particularly Argentine. Lamb and mutton market less firm; prices about same.” FROZEN MEAT MARKET. LONDON QUOTATIONS. The Bank of New Zealand, produce department, has received from its London office the following report on the frozen meat market, dated February 17: “Immediate future prospects for mutton appear to be fair. Lamb market steady. Practically no d uand for beef at present. Current quotations are: Wethers, light, 7d to B’4d per.lb; wethers, heavy, 6d to 7d; ewes,, 5%d to 6%d; lamb, new season’s, 12d to 12y 2 d: iamb, old, lOd to lid; lamb, seconds, 9%d to lOd; ox, hinds, 4d to sd; ox, fores, 3d to 3%d; cow, hinds, 3d to 3%d; cow, fores,’ 2d. to 2%d.” PRODUCE MARKET. LATEST LONDON QUOTATIONS. HIGH;' COMMISSIONER'S REPORT. The following produce quotations have been received by the Director-General of Agriculture (Dr. C. J. Reakes) from the High Commissioner in. London: MEAT. Tone of market slightly weaker, and some prices have declined owing to very large supplies of chilled beef on market. There is practically no demand for frozen beef, anil prices are lower. Present quotations are: New Zealand Mutton.—February 18, lightweight to 7%d, heavyweight 7d per lb, ewes (lightweight) 6%d; February 11, lightweight 7V<d to 7%d, heavyweight 7d, ewes 6%d; February 4, lightweight 7%d, heavyweight '6%d to ewes G’/id. New Zealand Lamb.—February 18, lightweight 10%d to lOd: February 11, lOVid to 10%dFebruary 4. 10%d to lO’/jd; heavyweight ,and second-class quality lOd; new season’s lamb quoted at Is per lb. New Zealand Beef.—February 18, hinds 4 J 4d, fores 3d; February 11, hinds 4%d, fores 3%d; February 4, hinds 4%d, fores 3%d. New Zealand.—Old season’s, hinds and fores, 4%d and 2%d respectively. BUTTER. Demand not quite so brisk, and tendency easier. Official quotations are: New Zealand. —February 18, salted, 135 s to.

140 s per cwt (Is 2%d to Is 3d per lb) ; February 11, 138 s to 140 s per cwt. (Is 2%d to Is 3d per lb) ; February 4,134 s to 138 s per cwt. (Is OUd to Is o%d per lb). February, 18, unsalted (shipped in smaller quantities), 150 s to 160 s per cwt. (Is 4d to Is 5d per lb) ; February 11, 158 s to 165 s per cwt (Is 5d to Is 5%d per lb). CHEESE. Good demand for all descriptions, and prices have advanced. Official quotations are: New Zealand.—Colored, 100 s to 102 s per cwt. (10%d to ]ld per lb) ; white, 90s to 94s per cwt. (9%d to lOd per lb). February 11: Colored, 98s to 100 s per cwt. to 10%d per lb) ; white, 92s to 94s per cwt (9%d to lOd per lb). February 4: Colored, 98s to 100 s per cwt (10y 2 d to 10%d per lb); white, 92s to 94s per cwt (9%d to lOd per lb). INGLEWOOD SALES. (From Our Own Correspondent.) There was a full muster of pigs for Newton King. Ltd.’s inart sale on Saturday, no less than 58 being sold, varying in size from small weaners to stores nearly fit to kill, and in price from 6s 6d to 12s for weaners, 13s to 22s for slips and 30s to 42s for stores. A fair quantity of poultry was offered; ducks, 2s; cocks and hens, 2s 7d. Pears In case brought 4s 6d to ss; apples, 3s 6d per case for local grown and 5s 6d for Hawke’s Bay apples. The sale at the Farmers’ Co-op. yards on Wednesday, the 15th instant, was moderately attended, and there was a small yarding of stock. A good clearance, however, resulted, only one animal—a cow—going away without changing ownership. Small Jersey weaner heifers sold for £2 Ils; weaner steers (Friesian), 18s; 18 to 20-month in-calf Jersey hafers sold for £8 9s; fresh aad forward

store cows, £2 5s to £2 10s; fat cows, £3 15s to £3 17s 6d; shorn f.m. ewes, 10s; 4 to 6-tooth ewes, 15s. Newton King, Ltd., held a sheep fair in their yards on Thursday, for which a good number were yarded, and a fair attendance gathered for the sale. The demand was not strong, enquiry being chiefly for ewes. Shorn lambs made from 8s 4d to 12s 6d; culls, ss; woolly lambs (a good line), 16s 7d; Romney rams (aged), £1; breeding ewes (mixed ages), 8s 9d to 12s 3d: fa* and forward ewes, 131 4d to 15s.