COMMERCIAL.

Taranaki Daily News, 24 May 1922, Page 8

COMMERCIAL.

DAIRY PRODUCE, THE HOME MARKETS. LATEST PRICES RULING. The High Commissioner, under date May 20, cables as under on the state of the dairy produce market at Home:— BUTTER. Market quiet and steady. Danish in larger supply, and small quantities of Dutch are coming forward.. English seUing in country market at Is 4d to la 6d per lb, and Irish offering at 172 s to 176 s per cwt. (Is 6%d to Is 6%d per lb). Present quotations are: — New Zealand. Salted: May 20, 'l7os to 172 s per cwt. (Is 6%d to Is 6%d per lb) ; exceptional, 176 s per cwt. (Is 6%d per lb). May 13, 166 s to 172 s per cwt. (Is 5%d to Is 6%d per lb) ; exceptional, 174 s per cwt. (Is 6%d per lb). May 6,180 s to 188 s per cwt. (Is 7%d to la B%d per lb). Unsalted: May 20, 170 s to 172 s per cwt. (Is 6%d per lb) ; May 13, 166 s to 170 s per cwt. (Is 5%d to Is 6%d.per lb'; May 6,178 s to 180 s per cwt. ( (Is 7d to Is 7!4d per lb). Australian —Salted: May 20, 162 s to 164 s per cwt. (is 5%d to Is 5%d per lb) ; exceptional, 166 s per cwt. (Is 5%d per lb). May 13, 160 s to 164 s per cwt. (Is 5%d to Is 5%d per lb) ; May 6,172 s to 176 s per c.wt. (Is to Is 6%d per lb). Unsalted: May 20, 162 s to 164 s per cwt. (Is 5%d to Is 54£d per lb) ; May 13, 160 s to 164 s per cwt. (Is 544 d to Is 5%d per lb) ; May 6,168 s to 172 s per cwt. (Is 6d to Is 6%d per lb). Argentine.—May 30, 156 s to 162 s per cwt. (Is 4%d to Is 5%d per lb). Danish.—May 20, 186 s to 190 s per cwt. (Is 8d to Is B%d per lb) ; May 13, 176 s to 180 s per cwt. (Is 6%d to Is 7%d per lb) ; May 6,188 s to 190 s per cwt. (Is B%d to Is B%d per lb). Dutch (creamery).—May 20, ifos to 176 s per cwt. (is 6%d to is 6%<d per lb). CHEESE. Market quiet and irregular. Present quotations are:— Canadian—May 20, colored, old season’s, 80s * to 94s per cwt. (B%d to lOd per lb) ; new season's, 76s to 80s per cwt. (B%d to B%d per lb) ; white, 74s to 94s per cwt. (8d to lOd per lb) ; May 13, colored, 88s to 96s per cwt. (9%d to 10%d per lb) ; white, 82s to 94s per cwt. (B%d to lOd per lb). May 6, colored, 88s to 98s per cwt. (9%d to 10%d per lb) ; white, 86s to 94s per cwt. (9%d to lOd per lb). New Zealand—May 20, colored, 80s to 84s per cwt. (B%d to 9d per lb) ; white, 72s to 74s per cwt. (7%d to 8d per lb). May 13, colored, 82s to 86s per cwt. (B%d to 9%d per . lb) ; white, 72s to 76s per cwt. (7%d to B%d per lb) ; May 6, colored, 80s to 86s per cwt. (B%d to 9%d per lb) : white, 72s to 74s per cwt. (7%d to 8d per lb). Australian.—May 20, white 66s to 70s per cwt. (7d to 7%d per lb). BUTTER AND CHEESE. Messrs. Newton King, Ltd., have received the following cablegram from Messrs. B. W. Davidson, Ltd., Glasgow:— Butter market quiet; salted 168 s to 1725; fresh 164 s to 168 s. Cheese: White 72s to 745; coloured 82s, 84s; demand poor. SOUTHERN MARKETS. By Telegraph.—Press Association. Christchurch, Last Night. Dullness continues to mark the grain and produce trade. Oats are very weak, and the trade passing is restricted to “B” or f.a.q. quality. A report was current to-day that an. enquiry had come from Australia, but there seems to be little behind it. Quotations are: 2s 5d to 2s 6d for A’s, and 2s 2d to 2s 3d for B's. Fowl wheat is moving to a fair extent. Fanners are showing less reluctance than formerly to accept the under-grade prices. For- . tunately, late samples coming to hand are showing an increasing proportion of good quality. All classes of seeds are quieter, particularly cowgrass. Growers are offering very little at the price quoted by merchants, lOd to lid per lb. Barley continues in the doldrums. Farmers’ offers of potatoes have dropped off during the past week. Growers are pitting in preference to accepting £3 a ton, but market is kept over-supplied with the May deliveries bought forward, and consignments this month will see about the end of both. Supplies going north have lightened. The Kaikorai left on Saturday night, and the Opihi and Kurow are due to leave to-morrow, but their cargoes are much reduced on those of the past few weeks. Onions are firm for good-conditioned sorts, and up to £6 5s is offered. The available local crop is well on the way to being absorbed.

THE WOOL MARKET REDUCING ACCUMULATIONS. By Telegraph.—Press Assn —Copyright. Received May 23, 5.5 p.m. London, May 22. Presiding at a meeting of the Melbourne City Properties Trust, Mr. R. H. Caird said all the gloomy forebodings of the people in charge of “Bawra” had been completely falsified. They were getting rid of the accumulations of wool cn their hands far faster than they or anybody else expected, and those interested in the matter were wondering why no announcement hud been made of a distribution to shareholders now that all priority certificates were paid off. Aus.-N.Z. Cable Assn. WAIKATO MARKET. The Farmers’ Co-op. Auctioneering Coy. (Hamilton) report:— Beef.—The improvement alluded to in our last report has been of short duration, and the market at- the present time is in a more stagnant condition than ever. Mutton. —Attracted by the higher prices, supplies have been plentiful, and In consequence competition has not been so keen. Apparently the supposed shortage was more imaginary than real. Prime sheep, however, still maintain a high standard of value. Store Cattle.—Generally speaking, the demand is quiet. Considerable numbers of grown cattle have been yarded recently, and their reception somewhat exceeded anticipations, competition up to a certain point being spirited. The situation from a growers’ standpoint is, of course deplorable. In comparison to these, young steers are high, but, as often expressed in this report, no class of cattle offer better prospect. Heifers in calf have suffered a very serious decline, and in some centres are hardly saleable. These fluctuations are, however, not uncommon in dairy cattle. Calves continue to draw fair competition, preference being given to heifers. Store Sheep.—Similarly to fat sheep, the rise has had the effect of bringing large quantities of store sheep on the market, and although good competition has resulted, values have been easier all round. Ewes in lamb are popular, and good prices are everywhere obtainable. The tendency in this class is io advance. Wethers are still selling well, also lambs in small lots to suit dairymen. Pigs.—Supplies have recently been very heavy, and in consequence have declined. Values at the yards are in the vicinity of 5%d per ib. Store pigs are, as a rule, well competed for. Horses.—There is no alteration to report.