COMMERCIAL.

Taranaki Daily News, 27 October 1922, Page 2

COMMERCIAL.

TEA MARKET ACTIVE. By Telegraph.—Press Assn.—Copyright. Calcutta, Oct. 25. At the tea sales an active demand continues, prices for good sort® being firm and hardening, while other classes are three pice to one anna higher. Fannings are showing the greatest advance. LAND COMPANY’S DIVIDEND. London, Oct. 25. The New Zealand-Australian Land Company final dividend of 3 per cent, was tax free. LONDON MARKETS. HIGH COMMISSIONER'S CABLED REPORT. The Department of Agriculture has received the following cablegram, dated October 21, from the High Commissioner for New Zealand, London MEAT. Mutton market firm. Few sellers owing to short supply. Lamb market quiet but firm. Better market for chilled beef owing to cold weather, and prices have improved. New Zealand frozen beef slow.

New Zealand Mutton.—Light-weight: October 31, B%d to B%d; October 14, B’4d to B%d; October 7, 7%d to Bd. Medium: October 21, 7%d to 8d; October 14, 7%d to 7%d; October 7, 6%d to 7%d. Heavy-weight: Oct. 21, 7d to 7%d; Oct. 14. 6%d to 7%d; Oct. 7, 6%d to 7d. Ewes; October 21, 5%d to 6%.d; October 14, 4 7-8 d to 5 7-8 d; October 7, 4 7-8 d to 5 7-Bd. New Zealand Lamb.—Best quality, lightweight: October 21st, la October 14, Is O&d to Is o%d. Medium: October 21, Is 014 d to Is o%d; October 14, Is 0%,d to Is O^d; October 7, Is to Is o%d. Heavyweight: October 21, 10%d to 19 7-8 d; October 14, 10%d to lid; October 7, 10%d to lid. Ordinary and second class quality: October 21, Is o%d; October 14, Is o%d; October 7, Is. Chilled Beef.-—Fores: October 21, 4 1-Sd; October 14, 3%d to 3%d; October 7, 3%d. Hinds: October 21, 7d; October 14, 6d; October 7, 5 3-Bd. BUTTER. Market weak. Demand at present chiefly for cheaper sorts of which there is a good supply on hand. Prices have declined. New Zealand selling at about 208 s down to 204 s per cwt. Official quotations are: New Zealand.—Salted: October 21, 204 s to 208 s up to 210 s per cwt. (Is 9%d to Is 10y*a, Is 10y>d per lb) ; October 14, 216 s to 220 s per cwt. (Is lid to Is 11 %d per lb) ; October 7,218 s to 224 s per cwt. (Is to 2s per lb). Unsalted: October 21, 216 s to 218 s per cwt. (Is lid to Is per lb) ; October 14 and October 7,224 s to 226 s per cwt.. (2s to 2s o%d per lb). CHEESE.

Market firm, and demand continues good. Official quotations are: New Zealand.—October 21: Colored 100 s to 104 s per cwt. (10%d to ll’Ad per lh) white, 102 s to 104 s per cwt. (lid to ll%d per lb). October 14: Coloured, 100 s to 102 s per cwt. (19%d to lid per lb) ; white, 100 s to 102 s Gd per cwt. (10%d to Ud per lb). October 7: Coloured, 96s to 110 s per cwt. (10’/ 4 d to 10%d per lb) ; white, 98s to 102 s per cwt. (Io%d to lid per lb). Shipments of New Zealand produce arrived this week by s.s. Wangaratta, Gallic, and Port Sydney. WOOL.

Sales continue with general and. active demand. Merinos selling at extreme prices, as much as 4s 5d having been made for New Zealand merino scoured this week. Fine crossbred and medium crossbred have hardening tendency, while coarse crossbred is firm at last rates quoted. Prospects for next season appear good. LOCAL MARKET PRICES. The present market prices are as follows

(spot cash) : — Buying. Selling. Eggs 1 0 J J Hams 0 11 Bacon (sides) 0 10 Bacon (rolls) 1 1 Butter (creamery) pats ..2 0 2 0 Butter (bulk) 1 11 Butter (separator) 1 6 1 8