COMMERCIAL.

Taranaki Daily News, 6 May 1922, Page 5

COMMERCIAL.

SOUTHERN MARKETS. By Telegraph.—Press Association. Christchurch, Last Night. The week lias been a remarkably dull one as far as the volume of the turnover is converned. Business in some lines is dead, and not much more than moving in others. The easing tendency of oats has, if anything, continued, although there is not a noticeable change. To 2s Bd, for A s, and 2s for B’s is about top figure. Most skle lines are quiet. Merchants’ estimates of cowgrass values vary widely. Good lines are worth to farmers 1« per lb. A sale of machine-dressed on a basis of 125 s to 135 s per cwt. is reported, but it was last year’s, and would not have the bloom of the new season’s stuff. The barley market is still dull, and confident in a ple.nteousness of supplies, the usual channel of consumption is showing indifference in the matter of purchase. Some merchants quote 2s 6d to 3s marketing values, but within the past week a few small sales at over the latter figure nave been made. With the fine weather since Easter, potatoes are coining in rapidly, and the tone of the market is scarcely so confident as it was a week ago. Present values at wayside stations are from £3 5s to £3 7s 6d. The onion crop is of a much sounder quality this year, and northern inquiry continues. Values have improved to £5 10s. country stations. Linseed growers are showing no desire to offer at current quotations, which have strengthened slightly and are now £l2 to £l2 10s a ton. At the average New Zealand yield of half a ton to the acre, this means the low gross return of £6 per acre. LONDON MARKETS.

The New Zealand Loan and Mercantile Agency Co., Ltd., have received the following cablegram from their London house, under date May 3: Tallow. —We quote present spot values for the following descriptions: Fine mutton TTs 9u per cwt., good beef 39s per cwt., mixed 34s per cwt.; market dull. New Zealand frozen meat.—Lamb ana mutton, market weaker (last quotations April 19): Lamb ll'Jd per lb; wether and maiden ewe—light 7%d per lb, heavy « 5/8d per lb; ewe, light 6%d per lb, heavy 5%d per lb. Beef, market slow (last quotations April 19): Ox, hinds 4d per lb, fores ’2%d per lb; cow, hinds »y 4 d per lb, fores 2d per lb.