COMMERCIAL.

Taranaki Daily News, 14 June 1922, Page 2

COMMERCIAL.

CANTERBURY MARKETS.. By Telegraph.—Press Association. Christchurch, Last Night. Cocksfoot has firmed during the past few days, and Is now worth 5%d to 5%d per lb to farmers. Ryegrass has also taken a move upwards, the improvement during the past ten days being equal to 2d to 3d per bushel. Bo tn perennial and Italian are now worth to farmers from 3s 5d to 3s Bd, with extra heavy seed a shade more. Very few potatoes are offering, and farmers are “sitting tight’’ and asking £4 on trucks. This is a shade more than merchants are prepared to offer, but will quote £3 10s to £3 15s. Business has lulled as a consequence. Fowl feed is being offered freely in the south to the North Island at 4s to 4s 3d f.o.b. MELBOURNE WOOL SALES. By Telegraph.—Press Assn.—Copyright. Melbourne, June 13. The second half of the June wool sales has been resumed. Rates are unchanged for the best parcels of merinos, but average merinos and crossbreds are 5 to 10 per cent, below the May series. FROZEN MEAT MARKET. INQUIRY FOR LAMB. The dry, hot weather now being experienced in England has seriously affected the meat trade, especially frozen beef and heavy mutton. There is fair inquiry for lamb, and several sales have been made on c.i.f. terms for parcels afloat, and there are Inquiries for lamb for June and July shipment. Latest advices from London indicate that owing to the «hot weather the demand for lamb is expected to continue for some time. If lamb continues to command attention, then-, it is probable that light-weight mutton will get a turn. No business is offering in mutton, and there is absolutely nothing doing in beef, which must continue depressed as long as the fiot weather lasts.—Dominion. LONDON MARKETS. HIGH COMMISSIONER’S CABLED ADVICES. The Department of Agriculture has received the following cablegram, dated June 10, from the High Commissioner for New Zealand, London : Meat. Mutton trade slow, especially for heavyweight, and prices have declined. Good supplies of Australian and South American are available. Lamb market remains firm, and prices have slightly advanced. Beef trade dull. Present quotations are:— New Zealand Mutton.—Lightweight: June 10, 7d to 7%d; June 2, 7V4d to 7%d; May 27, 7!4d to Bd. Medium: June 10, 6%d to 7d; June 2, 6%d to 7%d; May 27, 6%d to 7%d. Heavy-weight: June 10, 5%d to 6%d; June 2, s}id to 6 J Xjd; May 27, s&d to 6%d. Ewes—• Light-weight: June 10, 4%d to 5%d; June 2, 5d to 6d; May 27, 5d to 6d. New Zealand Lamb.—Best quality—Lightweight: June 10, ll%d to ll%d; June 2, ll%d to ll*4d; May 27, ll%d. Heavy-weight: June 10, lid; June 2, lid; May 27, 10%d to lid. Ordinary: June 10, 10%d- June 2, lOVad; May 27, 10%d. Second-class quality —June 10, lOd to 10%d: June 2, lOd to 10%d; May 27, 9%d to lOd. New Zealand Beef.—Hinds: June 10, 4%d; June 2,4 d; May 2'7, 4d. Fores: June 10, 2%d; June 2, 2%d; May 27, 2%d. v Butter. Butter market firm and advancing throughout week. Present quotations are:— New’ Zealand.—Salted: June 10, 178 s to 182 s per cwt. (Is 7d to Is 7%d per lb) ; June 2,163 s to 170 s per cwt. (Is 5%d tJ Is 6Ud per lb) ; May 27, 160 s to 170 s per cwt. (Is 5%d to Is per lb). New Zealand. —Unsalted: June 10, 182 s per cwt. (Is 7%d per lb) ; June 2,168 s per cwt. (Is 6d per lb) ; May 27, 166 s to 168 s per cwt. (Is 5%d to Is 6d per ib). Cheese. Market very firm and active. New Zealand.—June 10: Colored, 78s to 82s per cwt. (B%d to B%d per lb) ; white, 80s to 84s per cwt. to 9d per lb). June 2: Colored, 68s to 72s per cwt. (7%d to 7%d per lb) ; white, GBs to 70s per cwt. (7%d to 7%d per lb). May 27: Colored, 76s to 80s per cwt. (B%d to B%d per lb) ; white, 68s to 72s per cwt. (7%d to 7%d per lb). Wool. Bradford market quieter, users’ immediate requirements being fairly well covered; they are awaiting developments next London series. Present quotations are: Tops, 64’s (merino), 4s lOd; 56's (super halfbred), 2s 8d; 40’s (coarse crossbred) prepared. Is l%d. CASEIN. Present quotations are: French and New Zealand rennet £65 per ton and £6O per ton respectively. FARMERS’ CO-OP. REPORT. The Farmers' Co-operative Organisation Society of New Zealand, Ltd., reports as folAt Opunake on Monday we had a medium entry. Store cows sold at late rates, weaners were in slightly better demand and the whole of the entry changed hands. Prices were as follows: Suckers 4s to 6s, store cows to 265, empty 2-year heifers £3 10s. In-calf heifers £5 ss, Jersey cross weaners to £3 10s, good Holstein weaners £3 ss, mixed medium weaners 35s to £2 ss, others 20s to 2-7 s, weaner steers 17s 6d, sipringing heifers to £7. On the same day we also conducted a sale of furniture on’ account of Mr. C. R. Pease, at Opunake. There was a good attendance and the prices realised were most satisfactory to the vendor. At Manaia on Tuesday 6th, we held our fortnightly sale. Cull cows made £1 to £1 16s, Jersey weaner heifers, good colors, but simall £3 4s, line nice Holstein heifers in calf £6 10s, quantity of sundries, harness, etc., brought fair value. On Tuesday at Stratford there was a fair entry. Fat and forward wethers made 22s lid, 2-year heifers £2 15s,- Jersey cross medium weaners £3 17s 6d, Holstein weaners £2 ss, others 30s upwards. On Wednesday at Inglewood there was a good entry, the bulk of which was sold at satisfactory prices. Hoggets made 13s 9d, mixed aged ewes ss, store cows 20s to 30s, forward 3%-year steers £3 to £3 9s, empty small 2-year heifers £2 to £3, best Jersey weaner heifers £5 Bs, medium to £4, others to £3, small mixed weaners 20s to 30s, dairy cows, near profit. Jerseys £l4 to £l6, others £7 to £lO. On Thursday, June 8, we conducted an action on account of Mr. M. F, Voidlaire, Itahotu. We report a good attendance of buyers, sundries, implements, cans, etc., brought value. Small store pigs made 12s. The dairy herd of Holstein cows met good demand, tlKJse showing well forward made to £l4, the herd averaging about £9, Holstein in-calf heifers to £5 12s 6d, Holstein weaner heifers £3. On Saturday we conducted a most successful clearing sale on account of the Trustees of the Estate of the late E. R. Madgwick at our Auroa yards. There was good bidding for really nice quality cows, but the rougher sort were not sought after and prices for these were low. The waggon and horses together with the sundries, bought full value. Good cows made £l3 to £l7, fair to good £7 to £9, others £3 10s to £4, waggon£s6, gelding £36, ditto £23.