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Taranaki Daily News, 12 July 1922, Page 8

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LONDON METAL PRICES. ' By Telegraph.—Press Assn.—Copyright. Received July 11, 9.45 p.m. London, July 10. Copper: Spot, £62 18s 9d; forward, £63 6s ioy 2 d. Lead: £24 3s 9d and £23 7s 6d. Spelter: £2B 5s and £2B. Tin: £ 154 Ils 3d and £ 155 Gs 3d. Silver, 35 7-Bd. WHEAT CARGOES. Received July 11, 5.5 p.m. London, July 10. Wheat cargoes have declined 6d to Is, owing to weak American advices and erratic European exchanges. The only bid recorded is 51s Australian passage, for which 52s is asked. LONDON MARKETS. HIGH COMMISSIONER’S CABLED REPORT. The Department of Agriculture has received the following cablegram, dated July 8, from the High Commissioner for New Zealand, LonMeat. Mutton market is depressed, and prices have declined for all grades. No change in price for lamb, but market shows signs of weakness. Position is not changed in beef market. Present quotations are:— New Zealand Mutton.—Light-weight: July 8, 6*4d to 6%d; July 1, 6y>d to 7d; June 24, 6%d to 7d. Medium: July 8, 5%d to 6%d; July 1, 6 l-8d to 6%d; June 24, 6}4d to 6 5-Bd. Heavy-weight. July 8,5 d to 5%d ; July 1, 5%d to 5 7-8 d; June 24, 5%d to 6d. Ewes: July 8,4 d to 4%d; July 1, 4%d to sd: June 24, 4 J ,4d to s’4d. New Zealand Lamb.—Best quality, lightweight: July 8, 11*4d to liy 2 d; July 1, to ll’/2d; June 24,,11’Ad to liy 2 d. Heavyweight: July 8, loiod to lid: July 1, ioy 2 d to lid; June 24, 10y 2 d to lid. Ordinary: July 8, 10 5-8 d; July 1, 10 5-8 d; June 24, 10%d. Second-class quality: July 8, lO’/id; July 1, 10’4d. July 24. 10*4d to New Zealand Beef. —Hinds: July 8, 4%d; July 1. 414 d: June 24, • 4’4d. Fores: July 8, 2%d; July 1, 2%d; June 24, 2%d. Butter. Larger supplies of Danish, together with less demand, has resulted in weaker tendency. Present quotations are: New Zealand.—July 8,220 s to 226 s per cwt. (Is ll’ /2 d to 2s o%d per lb) ; July I, 228 s to 230 s per cwt. (2s o%d to 2s o%d per lb) ; June 24, 224 s to 230 s per cwt. (2s to 2s o%d per lb.) Sales of New Zealand butter are reported below the quotations given. Cheese. Market is weak and irregular. Present quotations are: New Zealand.—July 8: Colored, 90s to 94s per cwt. (9%d to lOd per lb) ; white, 92s to 96s per cwt. (lOd to 10’4d per lb). July 1: Colored, 100 s to 102 s per cwt. (10%d to lid per lb) : white, 102 s to 106 s per cwt. (lid to liy.d per lb). June 24: Colored, 96s to 102 s per cwt. (10*4d to lid per lb) ; white, 100 s to 104 s per cwt. to ll%d per lb). CANTERBURY PRODUCE. By Telegraph.—Press Association'. Christchurch, Last Night. A fair amount of business has been transacted by. merchants during the last few days. »Vheat : Business in this line is practically finished. Fowl wheat is absolutely dead, and southern people are cutting the market pretty badly, with the result that although the quality is better in Canterbury, local merchants have to follow suit when there is a chance of selling a line or else lose the business. Oats and chaff are still dull, with no prospects of brightening, as far as can be seen at present. Bran : Shipments of bran recently have been made to Melbourne and Sydney by the Hauraki and Waikouaitl respectively, a few thousand sacks having been sent across to Australia. The price for bran is stated to be in the vicinity of £9 per ton, and it is thought that buyers over there will be curious to sec what the quality is like and what quantity is available, in order to get an idea whether it is likely to have any effect on their market. However, there is not sufficient surplus of New Zealand bran available for export for It to hare any appreciable effect on the Australian market. Linseed: There has been a brighter demand for linseed lately, mostly from Australia. A few enquiries have come to hand from Auckland, on behalf of Australian buyers. Red and white clover have been selling pretty well at late rates, enquiries being from the North Island. Cowgrass is more lively again, and orders are coming in from Home at a fair rate. Enquiry for this is earlier this year than last. Ryegrass: It is understood that a fair parcel of Italian has been booked to go to America at a satisfactory price. This is probably the first shipment of its kind to such destination, although perennial is often shipped away from the Dominion. Potatoes: The market is hard to understand. During the last few weeks potatoes have been going off fairly well at from £4 10s to £4 15s, while for forward delivery up to £5 has been paid. However, in some circles it- is considered the market is rather artificial, and that these figures will not last long.