COMMERCIAL.

Taranaki Daily News, 10 May 1922, Page 8

COMMERCIAL.

fc .. SOUTHERN MARKETS. By Telegraph:—Press Association. Christchurch, Last Night. The most notable movement in the grain and produce trade is in the cocksfoot market, although it is the off season. Sharp inquiry Jias arisen, and a very fair amount of business in. dressed seed has taken place between merchants at up to 8*46 per lb, equal to about 5%d for farmers’ seed undressed. Oats are sagging. ’Both A and B are distinctly weaker, notably B, and plenty has been offering at 2s lOd f.0.b., sacks in, the equivalent at wayside sttftions being from 2s 2d to 2s 3d. One of the causes of the drop for B is, as forecasted some time ago as likely to develop, the big proportion of discolored oats which the bad harvest weather has produced in the South. A contributory cause of the easing for A's Is that early speculators for the Australian market are now selling back as a result of rains over the Tasman improving the* feed position. Though perhaps not great in the aggregate, this early buying is enough when it comes back to embarrass a market that has not been in robust health for some time. A gartons may be quoted to 2s 6d to 2s 7<i.

Potatoes are weaker. It is considered the shipments going north this week will suffice for the Auckland market for the month. This scarcely helps the prospects of a recovery. The price may be quoted at £3 to £3 2s Gd at wayside stations.

Peas still maintain a firm demand, and a good deal of business on a basis of 7s 9d to 8s to farmers has been done. Cowgrass is not likely to yield as prolifically as has been reported. Values are unaltered., -LONDON WOOL SALES, j RATES MAINTAINED. By Telegraph.—Press Assn.—Copyright. Received May 9, 5.5 p.m. London, May 8. At the B.A.W.R.A. wool sale there was a poor selection, but strong, general competition at last week’s closing rates. LONDON MARKETS. HIGH COMMISSIONER'S CABLED REPORT. The Department of Agriculture has received the following cablegram, dated May 6, from the High Commissioner for New Zealand, London: MEAT. Demand is slow, and prices generally have slightly declined, with market very unsettled. Australian and South American mutton and Jamb in substantial supply, and competition with New Zealand, with lowering effect. New Zealand Mutton.—Lightweight : May 6, 7%d to SVid; April 29, 7%d to B%d; April 22, 8d to B%d. Medium: May 6. 7%d lo 7%d: April 29, 7%d to 8d; April 22, 7%d to Heavyweight: May G, 6%d to G%d; April 29, 6d to 7d; April 22, 6d to 7’4d. Ewes: May 6, 6%d; April 29, G%d; April 22, 6’4d to 6’/ 2 d. Lamb.—Bost quality lightweight: Mav fi, Il%d to 113,8 d; April 29, to ll%d; April 22, ll%d. Heavyweight: May 6, to lid; April 29, lid; April 22, 10%d to lid. Ordinary: May 6, 10%d; April 29, lid; April 22, lid. Second-class quality: May 8, . 104 to 10%d; April 29, 10’4d; April 22, lOd to 10 %d. Chilled Beef.—Hinds: May 6, 7%d: April 29, 7%d; April 22, 6Y 2 d. Fores: May 6, 4’Ad; April 29, 4%d; April 22, 3%<1. New Zealand Beef.—Ox hinds: May 6. 4d; April 29. 4d; April 22, 4d. Fores: May 6. 2%d; April 29, 2%d; April 22, 2%d. BUTTER. Market quietly steady throughout week; slightly easier tendency towards close. Official quotations are: New Zealand.—Salted: May 6,180 s to 184 s per cwt (Is to Is 7%d per lb) : April 29, 182 s to 188 s per cwt. (Is 7*/ 2 d to Is B%d per lb) : April 22, 180 s to 186 s per cwt (is 7’,4d to Is 8d per lb), exceptional, 188 s per cwt. (Is B’Ad per lb) ; May 6, exceptional. 188 s per cwt. (Is B’4d per lb). New Zealand. —Unsalted: May 6, 17Ss to J 80s per cwt. (Is 7d to Is 7%d per lb) ; April 29, 180 s to 184 s per cwt. (Is 7’4d to Is 7%d per lb) ; April 22, 180 s to 184 s per cwt. (Is 7’4d to Is 7d per lb). CHEESE. Market rather depressed, and business irregular until towards end of week, when demand improved at lower rates. Present quotations are: New Zealand.—May 6 : Colored, 80s to 86s per cwt. (B%d to 9’4d per lb) ; white, 72s to 74s per cwt. (7%d to 8d per lb). April 29: Colored, 88s to 92s per cwt. (9%d to 9%d per lb) ; white, 78s to 84s per cwt. (B’Gd to 9d per lb). April 22: Colored, 92s to 96s per cwt. (9%d to 10’/id per lb) ; white, 84s to 86s per cwt. (9d to 9’ z <d per lb). English stocks practically exhausted. CASEIN. Market firmer for French. Present quotations are: Rennet, New Zealand, £6O; French, £45, NEWTON KING, LTD. REPORTS. At UrenuL on May 1, the market had a much brighter tone, and the whole of a fair yarding was fully cleared. Two-tooth wethers 16s Id, 4, 6 and 8-tooth do. 19s Gd, fullmouth ewes 12s lOd, small lambs 9s. mixed weaner heifers 20s, 30s, Jersey strain do. £3 10s, in-ealf heifers (Jerseys) £7 10s, store cows 26s to 40s, weaner steers 15s, small ISmonth do. 25s 6d, 27s Gd, 2%-year-old do. £2 10s, 3%-year do. £3 Is, £3 2s Gd, forward bullocks £3 17s Gd, £4 IGs.

At Stratford on the 2nd inst. both sheep and cattle pens were fully taxed. Sheep did not sell quite as freely as at late sales, but prices kept up nevertheless. All classes of cattle sold readily. Two and 4-tooth wethers 19s 3d, 22s 6d, mixed age ewes IGs Gd. lambs 9s Cd, 10s Gd, store cows 275, 30s, forward conditioned do. £2 Is, fat cows £3 Is, £3 15s, weaner heifers 355. £2 Gs, Jersey do. £2 18s Gd, £3 2s; choice quality do. £4 4s, in-calf heifers £3, £3 ss, Holstein do. £4 15s, Jersey do. £5 10s.

At Inglewood on the following day a full yarding of both steep and cattle came forward. The demand was good for both classes and prices were firm in consequence. Little remained unsold. Lambs Ils sd, 13s 7d. cull do. 8s 3d, 2 and 4-tooth ewes in lamb Ifls Bd, mixed aged do. 15s Gd, IGs 7d, full and failing mouth do. 9s, 10s, weaner heifers 265, choicer quality do. £2 Is, £3 4s, Jersey do. £4 2s Cd, empty heifers £3 15s, in-calf Shorthorn do. £3 Is, Holstein do. £4 IGs, weaner steers 18s. 20-month do. 365, 2’4-year old steers £2 2s, £2 15s, store cows 20s, 255, forward conditioned do. £2, £2 17s, fat do. £4 3s, dairy cows in profit £9 15s.

At Rahotu on May 5 a fair yarding was met with an improved demand, especially for young cattle. Quotations: Weaner heifers 265. 31s, 38s. Jersey do. £3 18s Gd, £4 7s, £4 17s Gd, in-calf heifers £4 7s Gd, £5 ss, small Jersey cross do. £7, weaner steers 14s, 21s, 20-month do. £2 2s, £2 Bs, store cows &ss, boner bulls 20s, 30s.