COMMERCIAL.

Taranaki Daily News, 21 June 1922, Page 2

COMMERCIAL.

LONDON MARKETS. By Telegraph.—Press Assn.—Copyright. Received June 20, 8.30 p.m. London, June 19. p'rain. —Cargoes are unchanged, despite the American exchange. For parcels, inquiry is good, the prices occasionally being higher, that ex Clan MacKellar being quoted at 51/-. Wool.—At the sales the general tone was better, the Continental demand being fully equal to last week’s, while the Home trade is slightly more active. Merinos and fine medium crossbreds have an upward tendency, others being unchanged. HIGH COMMISSIONER’S CABLED REPORTS. The Deparment of Agriculture Ims received the following cablegram, dated June 17, from the High Commissioner for New Zealand, London : Meat. Mutton market continues dull; little demand; prices lower and tendency downward. Plentiful supplies of Patagonian and River Plate mutton available at lower prices. Lainb in good demand; prices firmer and healthy tone 'n the market. No demand for New Zealand I beef and quotations nominal. Chilled beef in 1 smaller supplies. Present quotations are: New Zealand Mutton.—Light-weight: June i 17, 7d to 7 1 /fcd; June 10, 7d to 7%d; June 2 j 7’Ad to 7%d. Medium: June 17, 6%d to 6%d; June 10, 6%d to 7d; June 2, 6%d to I 7*4d - . Heavy-weight: June 17, 5%d to 6%d; ‘ Juno )0, 5V.d to 6%d; June 2, 5%d to 6%d. Ewes—light-weight: June 17, 4%d to June 10, 4%d to 5%d: June 2,5 d to 6d. Patagonian wethers, 5%d. South American , wethers, 6*£d. New Zealand Lamb. —Best quality, lightweight: June 17, ll%d to June 10. ! liy 4 d to ll%d; June 2, ll%d to ll’4d. Heavy-weight June 17, - to lid; Juno 10, lid; June 2, lid. Ordinary: June 17, 10%<d; June 10, 10%d; June 2, 10*4d. Se-cond-class quality: June 17, 10*,4d to 10%d; June 10, lOd to 10y 2 d ; June 2, lOd to 10%d. New Zealand Beef.—Ox, hinds: June 17, 4%d; June 10, 4%d; June 2,4 d. Fores: June 17, 2%d: June 10, 2%d; June 2, 2%d. Chilled beef: hinds—June 17, June 10, June 2,6 d. Fores: June 17, 3%d; June 10, 3»4d; June 2, 3y 4 d. Butter. Market very firm. Home and Continental supplies have been affected by dry weather and possibility of shortage in the near future has induced buying for storage. Market practically cleared of spot supplies and quotations nominal. New Zealand.—Salted: June 17, 196 s to 200 s per cwt. (Is 9d to Is 9%d per lb) ; 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 s’4d to Is 6%d per lb). New Zealand.—Unsalted: June 17, 196 s to 200 s per cwt. (Is 9d to Is 9%d per lb) ; June 10. 180 s per cwt. (Is 7d per ib) ; June 2, 168> per cwt. (Is 6d per lb). Cheees. Cheese.—Market, continues firm, and prices have advanced further.. New Zealand : June 17: Colored, 80s to SSs per cwt. (9*4d to 9%d per lb) ; white, 86s to 90s per cwt. (9%d to 9%d per lb). June , IQ:: Colored, 78s to 82s per cwt. (B!4d to 18%d per lb) ; white, 80s to 84s per cwt. (B*£d to 9d per lb). June 2: Colored, GBs to 72s per cwt. (7*4d |b 7%d per lb) ; white, 68s to 70s per cwt. (7%d to 7>4d per lb).

NATIONAL MORTGAGE AGENCY. By Telegraph.—Press Assn.—Copyright. London, June 19. The National Mortgage Agency of New Zealand has declared an interim dividend of 5 per cent. MELBOURNE WOOL SALES. Melbourne, June 20. The wool sales were irregular and withdrawals heavy. American buyers were active for the better qualities. CANTERBURY PRODUCE MARKET. By Telegraph.—Press' Association. Christchurch, Last Night. A considerable amount of business has been doing this week, although there Ims been a slight easing as compared with last week. The greatest amount of business has been done in respect of Italian and perennial ryegrass, both of which are In firm detnand. According to a merchant who handles a large amount of these lines, the demand Is exceptionally heavy for this time of year. It shows, he said, there will bo a keen demand in the spring. Cocksfoot is also selling well, although not to quite the same extent as last week. Practically nothing Is offering in white clover. It is expected that at the end of the month, or the beginning of next month, however, the demand should be brisk again. Ryegrass is selling firmly at late rates. Oats have lately been lifeless. The position to-day is that they are, if possible, even weaker than previously. Wheat is on a dull footing, too much being in hand, while undergrade is stagnant, the prices at which it is in offer in the south being too low for acceptance in Canterbury. There is no champ; 1 in barley. The market for potatoes is a little brighter than last week.