COMMERCIAL.

Taranaki Daily News, 17 May 1922, Page 2

COMMERCIAL.

SOUTHERN MARKETS. By Telegraph.—Press Association. Christchurch, Last Night. The grain and produce markets are practically unaltered from the week-end report. A grade Garton oats are worth 2s 5d to 2s 6d at country stations, and B’s from 2d to 3d less. Wfcite clover is firm. Good, clean farmers’ seed is selling at Is 4d to Is 6d per lb. The cowgrass un&rket is quieter, but quotations are unaltered from lOd to 12d. Partridge peas are also firm, and good lines are worth 8s to 8s 3d to farmers. Potatoes are still depressed, but the bulk of opinion is that a decided firming is probable. The South Canterbury crop is not turning out as satisfactorily as expected. Cocksfoot is still firm at a basis of 5%d to 6d to farmers, sales at that figure being frequent for July-August delivery. Onions have firmed, and are worth £6 to growers. a, fair IHfiount of business at that figure has been done. The supplies in local growers’ hands are shortening. The local crop is more marketable this year, being a <mueb better sample than for some seasons, showing better keeping quality. LONDON WOOL SALES. PRICES MAINTAINED. Received May IG, 5.5 p.m. London, May 15. At the wool sales there #as a good selection of average top-making merinos, but a poor lot of crossbreds. All prices were well maintained at last week’s level. The Bradford market is firm and unchanged SYDNEY WOOL SALES. Sydney, May 1-5. Last week’s advanced rates were fully maintained at the wool sales. The offerings consisted chiefly of greasy merinos. France was a consistent competitor for super' lines. America and Bradford outbid Japan for merino fleece. Tie sales attracted strong general competition. Merino is distinctly dearer than last WHEAT CARGOES. Received May 16, 5.5 p.m. London, May 15. Cargoes are steadily held at late rates. Australian parcels in passage sss, 58s 3d, and 58s 6d. THE STOCK EXCHANGE. Received May 16, 5.5 p/m. London, May 15, The Stock Exchange has confirmed the resumption of the fortnightly settlement of contangoea, commencing next Monday. NEW SOUTH WALES LOAN. Ixmdon, May 15. The under writers received 93 per cent, of the New' South Wales loan. During the first two or three days of the New South Wales loan many subscriptions of large amounts of new money were received, indicating that the loan would probably be over-subscribed, but when the Genoa position became acute nearly the whole of It was withdrawn. The final total was £350,000, the lowest recorded for many years. Very few will convert.

Sir T. Coghlan informed the Australian Press Association that the result was attributable to tbe reaction caused by fears of the consequences of a Genoa disagreement. NEW ZEALAND APTLES. London, May 15. The Athenlc’s New Zealand apples were in pioderate condition and fetched 9s 6d to 12s 6d. Many were brown inside like those on the Whangarata, LARGE B.A.W.R.A. PAYMENTS. Melbourne, May 15. Five million sterling will be distributed amongst B.A.W.R.A. shareholders on Thursday. The money will be paid direct to shareholders, not to the brokers. LONDON MARKETS. HIGH COMMISSIONER’S CABLED REPORT. The Department of Agriculture has received the following cablegram, dated 13, from the High Commissioner for New Zealand, London:— MEAT, Trade generally has been dull, and prices I slightly declined. A little better tone in market at end of week. Present quotations are:— New Zealand Mutton.—Lightweight: May 13, 7%d to B%d; May 6, 7%d to B%d; April 29, 7%d to B%<i. Medium: May 13, 7%d to 7%-d; May 6, 7%d to 7 7-8 d; April 29, 7ted to Bd. Heavyweight: May 13, 6%d to 6%d; May 6, to 6%d; April 29, 6d to 7d. Ewes: May 13, 6'ted; May 6, 6%d; April 29, 6 3-Bd. ! Lamb.—Best quality. Light weight: May 13, llted; May 6, 11 l-8d to 11 3-8 d; April 29, lltea to llted. Heavyweight: May 13, iftted to lid; May G, 10ted to lid; April 29, lid. Ordinary: May 13, 10%d; May 6, 16%d; April 29, lid. Second-class quality: May 13. lOd to lOted; May 6, Iftd to Iftted; April 29, 10%d. Patagonian lamb now on the market at 9d to 9 ted Per lb. Chilled Beef.—'Hinds: May 13, 7d; May 6, 7%d; April 29, 7%d. Fores: May 13, 4d; May 6, 4%d; April 29, 4%d. . New Zealand Beef.-r-Ox hinds: May 13, 4d; May 6,4 d; April 29, 4d. Fores: May 13, 2%d; May 6,‘2%d; April 29, 2 7-Bd. With little demand. BUTTER. Market weaker owing to reduction of prices of Danish, which on account of poorer Continental demand is in larger supply, and is at present offering at about 170 s per cwt. f.o.b. Present quotations are New Zealand.—Salted: May 13, 166 s to 172 s per cwt. (Is 5%d to Is 6ted per lb.), exceptional 174 s per cwt. (Is 6ted per lb.) ; May 6,180 s to 184 s per cwt. (Is 7%d to Is 7%d® per lb.), exceptional 188 s per cwt. (is B%d per lb.) ; April 29, 182 s to 188 s per cwt. (Is 7ted to Is B%d per lb.). New Zealand.—Unsalted: May 13, 166 s to 170 s per cwt. (Is 5%d -to Is Gted per lb.) ; May 6,178 s to 180 s per cwt. (Is 7d to Is 7’4d Per lb.) ; April 29, ISOs to 184 s per cwt. (Is 7%d to Is 7%d per lb.). CHEESE. New Zealand.—May 13: Colored, 82s to 84s per cwt. (B%d to 9d per lb.), exceptional 86s per cwt. (9%d per lb.) ; white, 72s to 74s‘per cwt. (7 : >id to Sd per lb.), exceptional 76s per cwt. (B’id per lb.). May 6: Colored, 80s to 85s per cwt. (Sted to 9%d per lb.) ; white, 72s to 74s per cwt. (7%d to 8d per lb.). April 29: Colored, 88s to 92s per cwt. (9ted to 9%d per lb.) ; white, 78s to 84s per cwt. (Bted to 9d per lb.). NEWTON KING, LTD. REPORTS. At Douglas on May 8 firm values were maintained throughout, particularly so in the sheep section, in which there was a heavy entry and full clearance. Only a moderately bright sale is reported for cattle, although prices kept up well. Lambs Ils 6d, 13s, 13s Bd, inferior do. Bs, 2-tooth ewes 15s 9d, 4 and 6-tooth do. lGs, 20s Id, mixed aged ewes 7s 6d, Ils Bd, 12s Id, forward wethers 16s, 19s 10d, weaner heifers 23s 6d, 40s, in-calf heifers £5 9s, store cows 20s, 275, bullocks £•5. At Stony River on the 9th Inst, a fair yarding was mostly cleared, prices remaining at late levels. Large store pigs 20s, 32s 6d, lambs 10s, 12s 6d, store cows 20s, 30s, weaner steers 21s, weaner heifers 31s, incalf heifers £3 Is, £5 6s, £5 10s, Jersey do. £7, fat cows £4 17s. At the same sale we offered a small dairy herd, ajrd report a most satisfactory sale, the ten cows, which were chiefly August calvers, averaging £9 12s.

At, \Vaiwakallio on May 11 we report a full penning of cattle and a. satisfactory clearance. All classes were In keen demand, and prices firm in consequence. Light fat cows £3 14s 6d, forward do. £2 15s, stores 20s, 23s 6d, empty heifers S2, in-calf do. £4 Ils 6d, £4 15s, £6 10s, weaner heifers 255, 355, better quality do. £2 Is, £2 9s Cd, Jersey do. £4 16s, in-or.lf cows £4, springing do. &» £ll, £l2 10s.