COMMERCIAL.

Taranaki Daily News, 22 March 1922, Page 8

COMMERCIAL.

CANTERBURY PRODUCE MARKETS. By Telegraph.—Press Association. j Christchurch, Last Night. : While wheat has been coming to hand 1 in fair quantities, much of it is not up ’to the standard so far as wheat is concerned which is required for export. Some large quantities have been turned down, presumably because the wheat is not equivalent to samples, or for which orders from overseas were obtained. Millers’ graders are also rejecting a lot of wheat as being below what they require for Dominion purposes. Present indications are that {here will be a big surplus of second grade wheat on hand at the end of the season, in consequence of which farmers will, no doubt, be hit pretty hard. Better prices have been obtained for partridge peas this week than at any other part of the year, and indications are that those farmers who have any quantity left will realise high prices. Most of the crop, however, has been I now disposed of. It is stated that Australian peas have been sold on a basis equivalent in the Dominion to £6 on trucks.

The price of barley keeps up for what few lines are being disposed of, but only the best quality is finding a sale at present. There is a superabundance <>f medium stuff on the market. With regard to cocksfoot, moat Peninsula farmers are wanting 6d, but tne figure generally paid is 5%d. Clover is fairly firm at late values. Potatoes have been going north during the past week at prices as high as from £6 to £6 10s. Growers seem eager to quit as early as possible, but the main crop is not expected to make its appearance for some weeks yet. Onions are still going out at £5 5s to £5 10s. AUCKLAND SHARE MARKET. Auckland, Last Night. Sales. —Auckland Gas 20s 6d, Continental 16s 3d; Waihi, 19s 3d; War Loan (1938), £9O 15s; New Zealand Inscribed Stock (1938), £C9 15s. CARGO MARKET FIRM. By Telegraph.—Press Assn.—Copyright. Received March 21, 5.5 p.m. London, March 20. The cargo market is firm. Sellers are asking 6d advance, owing to the firmness in America and the Argentina, but buyers are not responsive.

LONDON MARKETS. HIGH COMMISSIONER’S CABLED REPORT. The Department of Agriculture has received the following cablegram, dated March 18, from the High Commissioner for New Zealand, London:—- j MEAT. Market firm for lamb and light- | weight mutton. Heavy-weight mutton ; weaker and very slow sales. Beef: j INo improvement. in position, and very ' • little New Zealand being sold. Can- j * terbury lamb, very few available, in ! ’good demand at Is per lb.; North Is- j I land, best brand. ll%d per lb. rresent quotations are: New Zealand Mutton. —New season’s: Light-weight, March 18, 8d to B£d. Medium-weight, March 18, 7£d to 7 7-Bd. Heavy-weight, s|d to 6Jd. Ewes, light-weight, March 18, 6Jd. Heavyweight, 5Jd. New Zealand Lamb.—New season’s: North Island best, March 18, llfd; March 11, lljd to llfd; March 4, lid to Is North Island, ordinary, March 18, Hid. North Island, second class, March 18, lid. Canterbury, March 18, Is. New Zealand Beef. —Hinds, March 18, 4 l-8d; March 11, 4 l-8d; March 4, 4 l-Bd. Fores. March 18, 2jd; March 11, 2%d; March 4, 2sd. Quotations purely nominal. BUTTER. Demand has continued brisk throughout week, which, together with shortage of Australian arrivals, has enabled higher prices to be obtained. Present quotations are: New Zealand.—Salted: March 18, 148 s to 150 s per cwt. (Is 3|d to Is 4d per lb.); exceptional, 15Ks per cwt. (Is 4Jd per lb.); March 11. 140 s to 142 s per cwt. (Is 3d to Is 3|d per lb.); March 4,138 s to 142 s per cwt. (Is 2%d to Is 3sd per lb.). New Zealand. —Unealted: March 18, not given; March 11, 140 s to 144 s per cwt. (Is 3d to Is 3y 2 d per lb.); March 4. 138 s to 142 s per cwt. (Is 2fd to Is 3sd per lb.). Danish. —March 18, 184 s per cwt. (Is 72d per lb.); March 11, 168 s to l-70s per cwt. (Is 6d to Is Gid per lb.); March 4,168 s to 172 s per cwt. (Is 6d to Is per lb.). CHEESE. ■«' Little better inquiry, but actual business remains small. Present quotations are: — New Zealand. —March IS, colored 88s to 92s per cwt. (©id to lOd per lb.); white, 86s to 90s per cwt. (9id to per lb.). March 11, colored, 94s to 96s per cwt. (lOd to 10id per lb.);' white, Sis to 83s per cwt. (83d to 9d per lb.). March 4, colored, 98s to 100 s per cwt. (IOJd to 10%d per lb.); white. 84s to 186s“per cwt. (9d to 9|d per lb.). CASEIN. Rennet. —French and New Zealand no change. British quoted at £6B per ton. WOOL. Sales’ tone more confident, and value now practically level with closing rates January series. Fine crossbreds inclined to harden: medium and low occasionally irregular, but competition continues brisk, and withdrawals are light. B.A.W.R.A. offerings are as follow:

This week. Bales. Bales Australian merino— Greasy 6900 7795 Scoured 2350 1900 Australian crossbred — Greasy 4 ISC 3650 Scoured 1550 1350 N.Z, crossbred — Greasy 4S50 4350 Scoured •2050 1800 Slipe 1900 1300