COMMERCIAL.

Taranaki Daily News, 30 August 1922, Page 2

COMMERCIAL.

WOOL MARKET FIRM. By Telegraph.—Press Assn.—Copyright. Received August 29, 5.5 p.m. London, August 28. The Bradford wool market is quiet. Merinos and fine crossbreds are firm; 50’s and below are slightly easier. GERMAN BANK RATE. Received August 29, 5.5 p.m. Berlin, August 28. The bank rate is seven per cent. THE CARGOES MARKET. Received August 29, 5.5 p.m. London, August 28. Cargoes met with more active Inquiry at the opening, but closed quiet and unchanged. Parcels firmed sixpence to a shilling on the recovery of exchanges and the continuation of the American strike; Australian on passage sold at 49/6. LONDON MARKETS. HIGH COMMISSIONER’S CABLED REPORT. The Department of Agriculture has received the foilowing cablegram, dated August 26, from the High Commissioner for New Zealand, London:— Meat. Mutton in better demand at firmer prices. Lamb market quieter and prices lower. Beef stocks moderate. New Zealand Mutton.—Light-weight: August 26, 6%d to 7%d; August 19, 6d to 6%d; August 12, 6d to 6%d. Medium: August 26, 5%d to 6*4d; August 19, 5%d to 6%d; August 12, 5%d to 6%d. Heavy-weight: August 26, 5d to 5%d; August 19, 4 J /2d to 5%d; August 12, tVsd to 5%d. Ewes: August 26, 4%d to sd; August 19, 4%d to 4%d; August 12, 4d to 4%d. New Zealand Lamb.—Best quality—Lightweight: August 26, 10%d to ll%d; August 19, lid to IP/id; August 12, Medium: August 26, 10%d to lid; August 19, 10%d to lid. Heavy-weight: August 26, 9%d; August 19, lOd; August 12, 10%d. Ordinary: August 26, 10y 2 d: Augiist 19, 10%d August 12, 10%d. Second-class quality: August 26, -.0%d to 10 5-8 d; August 19, 10%d to 10 5-8 d; August 12, lO’/Jd. New Zealand Beef.—Ox hinds: August 26, 4 5-8 d; August 19, 4d; August 12, 4%d. Ox fores: August 26, 3 l-8d; August 19, 3d; August 12, 2 7-Bd. Chilled Beef.—Hinds: August 26, 7%d; August 19, 7%d; August 12, 6%d. Fores: August 26, 3%d; August 19, 3%d; August 12, 3%d. Butter. Market quiet but steady. New Zealand salted selling at 208 s to 210 s per cwt. Official quotations are; New Zealand.—Salted: August 26, 208 s to 210 s per cwt. (Is to Is 10%d per lb) ; exceptional, 214 s per cwt. (Is 10%d per lb) ; August 19, 206 s to 210 s per cwt. (Is lOd to Is 10%d per lb) ; August 12, 192 s to lt)3s per cwt. (Is B%d to Is 9%d per lb). Unsalted : August 26, 224 s per cwt. (2s per lb) ; August 19, 220 s to 224 s per cwt. (Is to 2s per lb) ; August 12, 208 s per cwt. (Is lOd per lb). Cheese. Market slow and lower prices have been, accepted. Official quotations are: New Zealand.—August 26: Colored, 84s to 86s per cwt. (9d to per lb) ; white, 88s to 90s per cwt. (9%d to 9%d per lb). August 19: Colored, 84s to 86s per cwt. (9d to 9%d per lb) ; white, 90s to 92s per cwt. (9%d to lOd per lb). August 12: Colored, 81s to 84s per cwt. (B%d to 9d per lb) ; white, 84s to 86s per cwt. (9d to 9%d per lb). The following vessels are discharging New Zealand produce this week: Matutua, Talroa, Tekoa, and Suffolk. Casein. French rennet, £62 10s per ton.