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Taranaki Daily News, 4 August 1922, Page 2

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LONDON MARKETS, WOOL SALES POOR. By Telegraph.—Press Assn.—Copyright, Received Aug. 3, 5.5 p.m. London, August' 2. . The wool sales were very poor, the selection -being chiefly B.A.W.R.A. and Capes. A few Australian merinos were offered, and realised full rates. Crossbreds were very Tallow.—lB4o casks were offered and 339 sold. The market. Is unchanged, but there isan easier tendency. Tin.—Stocks 20,364 tons; spot, 2836; afloat, 725; deliveries, 2733. Waihi Junction shares, 7s 6d to 8s 9d. ' ' - TEA MARKET FIRM. Received Aug. 3, 5.5 p.m. Calcutta, August 2. ' At the tea sales the quality was generally rather above recent averages. The market was strong and active. Good, ordinary common grades were three to six pice dearer. Better class Pekoes and Orange Pekoes were half to one anna higher. Fannings steady, but difficult to sell; dust very firm. LOCAL MARKET PRICES. The local market prices last week were as follow (spot cash) Buying. Selling. Eggs .. 13 15 Haims ....... . Q 11% Bacon (sides) 0 11 Bacon (roils) 1 1 Butter (creamery) pais 2 6 Butter (bulk) 1 11 _ Butter (separator) 15 1 7 DAIRY PRODUCE MARKET. N.D.A. ADVICES. Reporting from London under date July 29, Mr. Ellison has Cabled as follows to the'Nan tional Dairy Association: — Butter.—Market Inactive. Scottish and northern markets lost to us through forcing prices too high. To-day’s price: Danish 200 s, New Zealand the .same, but no business doing. Cheese.—Better inquiry at reduction. White, 86s to 88s: colored, 84s. We realise that the greatest difficulty facing the dairy companies at the present time is whether to make butter or cheese. It is impossible to forecast the position with anything like certainty. Without very much grounds for the opinion, the writer is inclined to hold that cheese is going to average out better for next season than butter. 1 Practically every country that is increasing its export of dairy produce to Britain, is a butter-producing country. Imports into Great Britain for five months ended May 31: — 1921. 1922. Cwt. Cwt. Butter 1.G74.898 2,076,195 Cheese 904,365 1,089,797 Receipts of cheese and butter at Montreal from May 1/ to June 18. (Note: May 1 is practically the beginning of the season) : 1921. 1922. Packages. Package®. Butter 107,580 109,048 Boxes. Boxes. Cheese 302,766 179,748