COMMERCIAL.

Taranaki Daily News, 17 June 1922, Page 5

COMMERCIAL.

LONDON MARKETS. The New Zealand Loan and Mercantile Agency Company, Ltd. have rceived the following cablegram from their London house* under date 14th instantTallow.—We quote present spot values for the following description B: Fine mutton, 3fis Gd per cwt.; good beef, 37s per cwt.; mixed. 34s 3d per cwt. Frozen Meat.—Lsmb, ll%d per lb.; good demand. Ewe, light, 5 5-8 d per lb.; heavy, 5%d per lb. Wether and maiden ewe, light, 7 l-8d per lb.; heavy, 6 l-Sd per ib. Mart* weak. Beef.—Last quotations, May 10: Ox hinds, 4d per lb.; fores, 2%d per lb. Cow, hinds, 3%d per lb.; fores, 2d per lb. Rather better demand. LONDON WOOL SALES. The Department of Agriculture has receiv-: ed the following cablegram dated 14th instant, from the High Commissioner for New Zea-> kind: Wool sales opened Tuesday witn icrge nttendance and good competition. Continental buyers operating more freely. Practically all offerings sold. Prices for merinos unchanged generally, better sorts 5 per cent, lower, medium, unchanged, coarse 5 per cent, lower. At Wednesday’s sale prices not quite so good. Merinos 5 per cent, and crossbred generally 5 per cent, to 10 per cent, io-wer. Oferings for series will consist of 80,000 bales 8.A.W.R.A., of which 36,000 are New Zealand; and 92,000 bales privately-owne<L ©r which 38,000 are New Zealand. CANTERBURY NIARKETS By Telegraph.—Press Association. Christchurch, Last Night There has been quite an amount of activity in several lines during the week Cocksfoot was the medium of a. good deal of business, it being reported that Home inquiries had come to hand, but there is no substantiation of this. Up to 9d per Lb. was ruling for machine-dressed vooasfuot, equal to Gd to farmers at country stations, but today there was a suggestion of a slight easing. There is a fair quantity of cocksfoot about., but it does not seeni to be in farmers* hands. Both perennial and Italian ryegrass are maintaining a firm demand. Perennial, particularly machine-dressed, has been seH-t ing at. up to 5s 6d per bushel f.0.1* 5.1., equal to 3s 9d to 4s to fanners, th© latten figure for good heavy grad© seed. There is a general belief that ryegrass is scarea this season, and as there will be a fair area of cereal land reclaimed for pasture, a good deal of seed will be required in tha spring. Cowgrass, which had remained sta- 1 ttonary at lOd per lb. for some time, has beer, the medium of a little business at up Ud. , m There is no life in the oat and chan! market, the position being duller than ever. An individual sale of linseed has taken place nt £l5 per ton nt country stations, but this Is 10s in excess of what merchants generally are offering. A few sales of barley have been made at 3s fid a bushel to farmers. Potatoes have been the principal feature of the market during the week, and the position is very uncertain. The Katoa is leaving to-day for Auckland, and takes only 1000 L>ags. The next boat is the Wanaka, due on the 23rd, which will take a heavy shipment. It is considered North Canterbury supplies are coming down to a small compass, but on the other hand South Canterbury is reported to be holding very full stocks. Growers are holding firmly for £4 on trucks, but merchants are scarcely prepared to offer as much as they did a few days ago. For July delivery sales had actually taken place at £5 5s f.o.b. 5.1., equal to £4 5s to farmers, but since business h-u been done at £4 12s 6d f.o.b. 8.1,