COMMERCIAL.

Taranaki Daily News, 22 July 1922, Page 8

COMMERCIAL.

LONDON WOOL SALES. By Telegraph.—Press Assn.—Copyright. Received July 21, 5.5 p.m. London, July 20. At the wool sales there was a. poor selection of merinos, but prices were fully maintained for all grades. Merinos, crossbreds and scoured merinos were in sellers’ favour, Home and Continental buying freely, Germany being more active. Bradford showed a better tone. Quotations: Sixty-fours 53d. 54d; fifty-sixes 30d; forty-sixes, 15d. The Department of Agriculture has received the following cablegram, dated 19th instant, from the High Commissioner for New Zealand. London : Wool sales opened Tuesday with a large attendance and keen competition, especially from Home and French trades, and the tone was strong. Prices generally show little change from June series, though superior merinos and fine crossbred are somewhat dearer. Scoured and fine slipe are also about 5 per cent, higher. Offerings for the series are 46,000 bales 8.A.W.R.A.. Including 10,500 bales New Zealand : and 105,000 bales privately owned, of which 39,000 hales are New Zealand. With a view to affording buyers an opportunity of clearing recent heavy purchases of crossbred, B.A.W.R.A. have decided to withdraw, as far as possible, a|l descriptions below 50’s (halfbred) from current and September series. A limit fully equivalent to June values will be placed on such parcels as onay be offered. LONDON MARKETS. The New Zealand Loan and Mercantile Agency Company. Ltd. have received the following cablegram from their London house under date 9th instant: — Tallow.—We quote present spot values for the following descriptions: Fine mutton, 41s 6d per cwt.: good beef, 40s 3d per cwt.; mixed, 36s 3d per cwt. Market active. New Zealand Frozen Meat.—Lamb, 11 l-8d per lb.; mutton, wether and maiden ewe, light 6%d per lb., heavy 5 3-8 d per lb.; ewe, light 4 7-8 d per lb., heavy 4 5-8 d per lb. Improvement In demand. Beef.—Unchanged. Last quotations July 7 : Ox hinds. 4%d per lb., fores 2%d per lb.; cow hinds 3 3-8 d per lb., fores 2%d per lb. CANTERBURY PRODUCE MARKET. By Telegraph.—Press Association. Christ church. Last Night. Potatoes continue to monopolise the bulk of interest in the grain and produce market. They have shown a further firming during the week, and as growers are offering with littld freedom, they are assisting In the hardening movement that is apparent. Auckland stocks are now fairly short, and inquiry has been pronounced during the past week. Business has been done at £5 (country stations) for delivery early in August, and up to £5 5s for later in the month. Auckland is making contracts up to £6 10s f.o.b. sacks in for September delivery, and in one or two cases for late August despatches. The market in Auckland has firmed substantially during the past week, a contributing factor probably being the rapid spurt in Australian prices, which precludes importation from there, which had been considered a possibility a fortnight ago. The Wanaka left on Tuesday night with about 2500 tons from Lyttelton and a consignment from Timaru, and to-morrow or Monday the Opihi will sail. There is no other boat scheduled for .a week. The future of the market is viewed diversely by local merchants. Some are inclined to believe the firming tendency will continue, while others consider that the crop will be quite a sufficient one for all requirements. In the meantime the market is decidedly firm. Fowl wheat is very slack in .request, being nominally worth 4s 3d f.o.b. Oats are In practically a lifeless market condition. There is some speculation as to whether the Commonwealth reciprocal tariff will include oats; if so there is a possibility of trade opening up with Melbourne, inquiries having been received from that quarter, but the tariff precludes business being Big. The value for A grade Gartons at country stations is from 2s 3d to 2s 4d, and for B grade 2s 2d. Chaff is in the same position as oats as far as lack of inquiry is concerned. _ From £2 15s to £3 is the nominal country station quotation. Some linseed has been sold during the week for Sydney on the basis of £l4 to £l4 5s per ton at country stations. In perennial ryegrass there has been medium business with the old country. One parcel of 30-311 b. seed was sold at 6s f.0.b., but quite a quantity at 5s 6d, equivalent to farmers for undressed from 4s to 4s 3d, down to 3s Sd.