COMMERCIAL.

Taranaki Daily News, 19 September 1922, Page 2

COMMERCIAL.

LONDON MARKETS. NEW ZEALAND MEAT. By Telegraph.—Press Assn.—Copyright. London, Sept. 16. Sheep.—Canterbury light 7%d, unedium heavy 6 5-8 d; North Island 6%d, 7d; New Zealand ewes 5%d; Australian firsts 5 5-Bd. seconds 5 5-Sd, ewes 5%d; South American ewes Patagonian light Gd, heavy 5 3-Bd. Lambs. —Canterbury light Is, medium ll%d, heavy 10 3-Bd, seconds ll%d; Southland 11 5-8 d; North Island selected ll%d, ordinary South American light Ud, heavy lOd. Frozen Beef.—New Zealand hinds 4 7-8 d; Australian fores 3 3-Bd, hinds 4 7-8 d; Argentine fores 3 3-Bd, hinds Gd, chilled Argentine fores 4d, hinds 8&d; others unchanged. Rubber. —Para 10 %d, plantation, smoked 7 5-8 d to 7%d. Hemp.—September-November, £32 10s. Copra.—September-November, £22 10s. Linseed oil, £35. Turpentine. £5 Os 3d. Cargoes. —Quiet; quotations occasionally lower, buyers few. Australian afloat is quoted at 50s 3d. Parcels steadier, trade small: Australian afloat, 50s 3d. WOOL SALES KEEN. London. Sept. 15. . The wool sales closed at the highest prices of the scries. Competition was very strong throughout, especially from Yorkshire: 120,000 bales were offered and practically all were sold. All classes of merinos showed steadily hardening tendency throughout, and closed 10 per cent, above August. Fine crossbreds met stronog Home and Continental demand, and closed per cent, above August. Medium coarse advanced. Finest slipes advanced 10 per cent., others 5 per cent. All grades of Australian and Nev/ Zealand lambs sold well, prices unchanged. GAMBLING IN COTTON. New York, Sept. 16. The American cotton exchange, following ou a conviction on the charge of bucketing orders, whereby the members unerely gambled in quotations without really buying or selling cotton, has suspended operations completely, although solvent, pending an appeal to the highest court. This virtually leaves New York cotton without a market. NEWTON KING, LTD., REPORT. At Douglas on September 11 a fair yarding of both sheep and cattle was fully cleared at late market rates. Hoggets 16s 9d to 19s 10(1, 4 and 6-tooth wethers 21s 6d tu 21s 7d, fresh conditioned cows £2 5s to £3, yearling heifers £2, springing heifers £6 10s to £B, dairy cows £3 to £B. At Waiwakalho on 14th Inst, we had a. full yarding of both store and dairy cattle. For the foamer the sale was not so spirited as the previous one, but values were fully maintained and the bulk of the offering sold. In the dairy pens a decided improvement was noticeable.* best heifers advancing easily £3 pethead. whilst medium quality sorts also made bc’ter prices. The demand was steady throughout and a good clearance resulted. Fat shee / 25s Gd, store cows 37s Gd to £3, prime fade £6 15s, yearling Jersey bulls £2 10s tn £2 15s, yearling heifers £2 4s io £3 18s 6d, Jersey do £5 to £6 6s. in-calf heifers £5 15s, springing heifers £G 10s to £S 15s, better classes £9 to £l3, choice Jersey do £l5 10s to £l6, springing cows £8 to £ll.