COMMERCIAL

Taranaki Daily News, 15 May 1922, Page 2

COMMERCIAL

LONDON MARKETS. / By Telegraph.—Press Assn.—Copyright. London, May 11. Wheat.—Cargoes steady in view of Continental demand, but Plate holders inclined to sell slightly lower. The Benvorlich’s cargo sold at 57s 3d. Very little is doing in spot. Australian due is quoted at 60s 6d. Flour.—Quiet; Australian ex store 43s 6d to 445. Barley.—lnactive. ’I? Oats.—Firm. J , Peas and beans.—Steady, unchanged. Sugar.—Granulated, 48s 9d. Copper.—£6o 3s 9d. Lead. —Spot £24 ss, three months £23 ss. Spelter, £27. Tin.—Spot £l4B 16s 3d, three months £l5O Is 3d. Sliver, 35 5-Bd. London, May 12. At the wool sales a moderate selection of merinos sold well at full rates. For crossbreds there was a buoyant market, all grades being very firm. The Orvieto's and Port Ourtls' Tasmanian apples were apparently in good condition, bringing up to Ils and 14s. The New Zealand Loan and Mercantile Agency Company, Ltd. have received the following cablegram from their London bouse under date 10th instant: — New Zealand Frozen Meat.—Lamb per lb; wether and maiden ewe, light 7%d per lb., heavy 6%d per lb. Ewe and beef unchanged. Last quotations, May 3: Ewe, light 6%d per lb., heavy 5%d per lb.; beef, ox hinds 4d per lb., ox fores 2%d per lb.; cow hinds, S&d per lb., cow fores, 2d per lb. July Wool Sales.—All arrivals up to May 1 included. Received May 14, 5.5 pan. London, May 13. Cotton.—June shipments, 11.30 d. Rubber.—lo%d, plantation (smoked) Bd. Copra.—May-June shipments, 23%d. Jute.—May-June shipments £3O per ton. Hemp.—May-July shipments, £3O per ton. Linseed Oil, £46 per ton. Turpentine, 81s per cwt. Sheep.—Canterbury, light B%d, medium 7%d; North Islands, 7%d to 7%d; New Zealand ewes, 6%d; Australian firsts 6%d, ewes 6%d; South American, light 7%d, heavy 6 x Ad, ewes 5%d. Lambs.—Canterbury, light and medium, Ll%d; Southland 11 l-8d; Australian, fair, 9 5-Bd. Frozen Beef.—New Zealand fores 2%d, chilled Argentine fores 4d, hinds 7d; Uruguay fores 3%d, hinds 6%<L WHEAT MARKET.

London, May 12. Wheat cargoes are firm and prices generally unchanged, despite a large advance in the American market. AUSTRALIAN HIDES MARKET. Melbourne, May 12. Hides.—Market firm for all weights with condition and substance, but medium lights and inferior sorts declined a farthing. SYDNEY WOOL SALES. A WONDERFUL MARKET. Sydney, May 13. The Telegraph, commenting on the animation of the wool market, says that seldom has the demand for merinos been so widespread as to-day. Seldom, if ever, have the general conditions of the market been so favorable to growers. It is truly a wonderful market. As prices go up the demand seems to widen and accentuate. Practically all sections are operating, and all are eager to secure supplies before xne season enas. Buyers unable to fill orders in the auction rooms have been keen operators privately. The crossbred position also shows a distinct improvement, though marked preference is revealed for the finer, free descriptions. The demand for very coarse burry sorts is still prejudiced by the big weight of B.A.W.R.A. low grade crossbreds remaining over from the apprisement scheme which hangs like a wet blanket over the ‘vade. BUTTER AND CHEESP. Messrs. Newton King, Ltd., have received a cable from their Glasgow agents, Messrs. R. W. Davidson, Ltd., London, as follows: Baited butter 166 s to 170 s, fresh l«6s to l«8s. At the lower price demand Is improving, and a steadier feeling Is prevailing. The cheese market is weak: White 72s to 745, colored 82s to 84s. THE POULTRY MARKET. Messrs. L. A. Nolan and Co. report: Hens 2s Id to 3s 3d, cockerels 2s 9d to 7s fid, pullets 4s to 10s, ducks 2s 9d to 3s 6d, bentams 6d to 2s 2d. Webster Bros, report: Cockerels 2s fid, hens (ordinary) 2s, 2s 7d, pullets fie 9d to 93 6d. t