COMMERCIAL.

Taranaki Daily News, 8 November 1922, Page 2

COMMERCIAL.

LONDON MARKETS.

HIGH COMMISSIONER’S CABLED REPORT. The Department of Agriculture has received ithe following cablegram, dated November 4. from the High Commissioner for New Zealand, London: Meat. Trade generally quiet; fair supply of homekilled and Dutch about. Canterbury mutton not quoted. Lamb slightly easier. Plentiful supplies chilled beef. New Zealand Mutton.—North Island, 8d to 9d, according to weight. Light-weight: October 28, 8 3-8 d to 8 7-Bd. Medium: October 28, 8d to B!6d. Heavy-weight: October 28, T’/ad to Bd. Ewes: November 4, 6!4d to 7d. New Zealand Lamb.—Best quality, lightweight : November 4, Is 0 3-Bd. Medium : November 4, Is o!4d. Heavy-weight: November 4 t 10-%d. Ordinary and second-class quality: November 4, ll%d. Chilled Beef. —Fores: November 4, 3 5-8 d; hinds, 4 5-Bd. Butter. Market remains steady, and demand has improved for best quality. New Zealand at present selling at about 206 s to 208 s per cwt. Official quotations are: New Zealand. —Salted: November 4,206 s to 208 s, up to 210 s per cwt. (Is lOd to Is 10%d to Is 10per lb). New Zealand.—Unsalted: November 4,218 s to 220 s per cwt. (Is ll!4d to Is ll%d per lb.) Cheese. Market very firm. Scarcity of spot supplies has resulted in sharp rise In values. Official quotations are: New Zealand.—November 4: Colored, 114 s to 116 s per cwt. (Is to Is o%d per lb) ; white, 114 s to 118 s per cwt. (Is to Is o%d per lb). To-day’s (Saturday) value: White, 120 s to 124 s per cwt. (Is o%d to Is l*4d per lb.) No shipments of New Zealand produce arrived this week. MOSGIEL WOOLLEN MILLS. By* Telegraph.—Press Association. Dunedin, Nov. 7. The annual report of the Mosgiel Woollen Factory shows a balance, including the amount carried forward, of £16,329, after the provision for depreciation, reserve, and an interim dividend of 4 per cent. The directors recommended a further dividend of 4 per cent., with a bonus of 3 per cent., absorbing £5842, leaving £10,487 to be carried forward for the current year. PUBLIC WORKS TENDERS. Wellington, Last Night. The Public Works Department has accepted tenders for insulators as follows: For Mangahao, Richardson and McCabe, £5594; for Lawrence, Hanson Electrical Company, £6511. For Waiawa River bridge the tender of J. G. Kerr of £1523 was accepted. BUTTER AND CHEESE. The New Zealand Loan and Mercantile Agency Company, Limited, have received the following cablegram from their London house under date ,3rd instant: — Butter.—New Zealand salted 206 s to 210 s per cwt., unsalted 218 s to 220 s per cwt. Prices are expected to decline shortly, as heavy shipments are arriving. Cheese.—About 124 s per cwt. Quotations irregular. Advance in price is caused by extreme shortage. TARANAKI SALES. Newton King, Ltd. report:— At Urenui, on October 30, we had a full penning of all classes, and with the exception of store bullocks everything sold with a decidedly improved tone. Fat hoggets 265, ordinary do. 21s 6d, fat bullocks £7. yearling steers 365, 2-year-old do. £2 Is, £2 ss, 3-year-old do. £3 6s, £3 12s 6d, fat cows £4 7s fid, £4 15s, fresh conditioned store do. £2 ss, £3 10s, yearling heifers £3 Is, £3 ss. £3 Ils fid, Jersey do. £5 18s, £6 Is, £7 ss. springing heifers £6, £8 10s, quality do. £lO ss, £ll, £l2 10s, springing cows £6, £6 15s.

At Stratford, on 31st ult., a small offering of sheep .and a good one- of store cattle came forward. Although prices did not strengthen to any great extent, the sale throughout was a keenly contested one, and almost everything sold at the hammer. A bright sale is also reported in the dairy section. The yarding on the whole lacked quality, but buyers operated freely nevertheless. Hoggets 21s, shorn forward ewes 19s Sd, store cows 20s, 30s, forward do. £2, £3 2s, fat do. £4 Ifis, 2-year-old steers £2 Bs, 2-year- empty heifers £3 Is, £3 11s, £3 15s, yearling do. 265, £2 7s, medium quality do. £4, £4 11s, Jersey do. £5 19s, £6 Ils, dairy cow's £5, £6 10s, better classes £9, £lO 10s, £ll, best £l2 ss, £l3, £l3 15s, dairy heifers £5, £6, to £9 10s.

At Inglewood the following day we report a full penning of stores and a moderate one of dairy cattle. For the former an exceptionally Improved sale resulted, a strengthened demand being in evidence for young cattle, good yearling and 2-year heifers particularly. The demand did not weaken at any period of the sale. Sheep maintained late rates. The dairy sale created much interest, prices showing a £3 to £4 rise on the previous sale. Yearling steers 31s, £2 2s 6d, 2-year do. £2 4s, £2 19s fid, fat cows £5 2s, store do. 21s, 30s, £2 10s, bulls 303, £4, yearling heifers 355, £2 7s, Jersey cross do. £3 3s, £3 16s, Jersey do. £6 15s, 2-year empty do. £3 4s Gd, £4 10s fid, £5 16s, springing heifers, best £l3, ordinary classes £6, £7 ss, £8 ss, Inferior do. £4, £4 10s, springing cows £6, £9, £l4, shorn hoggets 21s 9d, shorn fat ewes

At Rahotu, on the 2nd inst., a fair yarding of all classes came forward, the bulk of‘which sold. Prices compared favorably with late sales. Yearling steers 375, fat cows £5 7s 6d, store do. 3l)s ; 375, £2 17s 6d, yearling heifers 345, £2 Is, £3, Jersey do. £4 19s, £6 3s 6d emntv 2-year heifers £3 Is, £3 10s, springing’ do. £7, £7 10s, £B, springing cows £5 10s, £6 10s, £7 10s, pedigree Jersey bulls 16 and 22%gns.