TRADE AND FINANCE.

Auckland Star, Volume LIII, Issue 95, 22 April 1922, Page 8

TRADE AND FINANCE.

THE LONDON MARKETS. XE3" >,-D ruODTJCB RATES. LONDON. April 20. Short loans 2* per cent, the same as last ww*: three-month bills 2* per cent, as against nominally 2} to 2J per cent last week. Scrip for the new Commonwealth loan or £5.000.000 at 5 per cent Issued at 96, Is quoted at 42/6 premium. Scrip fur the West Australian loan of £2.000,000 at 5 per cent, issued at 96, Is quoted at -10' premium. Copper.—Spot, £59 9/0: three months. _v!) 16/3. , „__„ Lead. —Spot, £23 2/6 ; three months. £22 7/G. Spelter.—Spot, £26 17/6: three months, £20 15/. Tin—Spot. 3/0: three months. £154 11/3. Silver. 34} d per m. The reaction In silver is due to Chinese. Indian nnd Continental selling.— (A. and N.Z. Cable.) BRADFORD WOOL MARKET. LONDON. April 21. The Bradford wool is very active, with a cheerful tone. The range of prices Is : Sixtyfours. 52d to 53d : sixties. 47d : fifty-sixes, 20d : fifties. 22d; forty-sixes, 143 d. — (A. and N.Z. Cable.) NELSON BROS." DIVIDEND." LONDON, April 21. Nelson Bros, have declared an interim dividend of 4 per cent, tax free.— (A. and N.Z. Cable.) VNTERiBCRY MARKETS. (By telegraph—Press* Association.) CHRISTCHURCH, Friday. Rejections of wheat for milling, combined with reports of damaged grain from the South, are pointing to over-supplies of fowl wheat, and sales have taken place for the North at 4/5 f.ojb. So far millers are not displaying much activity in purchasing milling wheat. Oats are unaltered since the pre-holiday report. A grade Cartons are worth 2/S to 2/9 at country stations, with iB s from 2d to 3d less. Chaff is quoted at £3 to £3 SV, at average country stations, and 2/6 more-, at adjacent points. Judging by the numerous stands of sheaf stacks throughout the province, comparatively little threshing or chaffing has yet taken place. A few good lines of Partridge peas have been fetching up. to 8/, but the average quotation is less than that figure. A sharp demand for cowgrass appeared with the resumption of business after the holidays, and good lines have been worth U/ at wayside stations, an instance or two of a higher figure than that being reported. From lOd to 1/ may be quoted as the present value. iWhite clover is also being inquired for, and supplies do not at the moment appear over plentiful. First-class samples are worth 1/3 to 1/5 to farmers. Machinedressed is worth from 180/ to 190/ per cwt.. Although little Is at present being done in rye grass and cocksfoot, the market is holding up. Cocksfoot is worth for good heavy sample sid to farmers, and rye grass, both perennial and Italian, up to 3/6. Linseed may lie quoted nominally at from £11 to £12. l'otatoes, though unchanged in quotations, are scarcely as firm as before the holiday?. Main crop digging is now proceeding, uiid supplies are coming in freely, to fill April deliveries. Three boats are due to leave next week with supplies. In regard to i lie crop itself, the frosts have not been Severn enough to bring them in rapidly, and in a number of localities growth is stiU taking place. This should help to retard deliver!''*. The yields so far are up to past seasons' averages. Present quotations are from £3 5/ to £3 10/ at country stations. Few t';-.i*rs for onions are coming forward, The quality is much better than last year. Q\iutitiu;i is £5 5/.

HAMILTON STOCK SALE. Tbc Farmers' Co-op. Auctioneering Co., Ltd.. Hamilton. Teprrt:—At Hamilton on T_iir>dti}-, April 20 (this sale was altered from ruesday on account of Easter holidays) there was a small yarding of ail classes of stock. Very little, beef . was penned, and this sold' at a little over last week's standard. Steers making to £7 2/6. lighter weights to £3 5/. Store cattle generally, with the exception nt beifers in calf, met with a poor demand. Jl to 3-year steers selling up to £2 IS/. 18-months to £2 2/C. Sheep again advanced in value, and a total clearance was effecti-rt. Wethers made to 25/6: ewes to 18/fl, fat and forward lambs 15/ to 15/9. store lambs 0/7 to 11/11. Baconers and heavy porkers sold well, but light porkgrs were somewhat easier. All store pigs met with a ready sale. Heavy porkers and light baconers ±2 10/ to £3 6/. light to medium porkers £1 33/ to £2 5/. unfinished £1 5/ to £1 12/. good slips 18/ to £1 */, small slips 12/ to IT/, best weaners 6/ to 10/. small and weedy from 2/6 to 5/C. Dairy cows and heifers made to £8 8/.

HIKUTAIA STOCK SALE. The Farmers' Co-op: Auctioneering Co., 'Ltd. Hamilton, report: —On Wednesday, April 19, we held our fortnightly stock sale at Hikutaia. the yarding of stock being the smallest for several years. The prices realised were on a par with those of sales held In the Thames Valley lately. Very few buyers were operating, this being partly due to the close proximity of the Easter holidays. Very little beef was yarded.. Fat cows made from £2 5/ to £3 10/; an extra prime fat cow realised £4; store cows made up to £1 15/. steers £3 5/; high quality dairy cow (springing) £9. An average yarding of sheep only. A line of choice wethers (for killing) 19/1. Frlme ewes made 16/9; fat ewes

realised 12/6. A line of ewes . running with rams since March last sold at 97; 50 firstclass breeding ewes running with rams, 12/; woolly store lambs, 12/; mixed woolly lambs realised 0/; line of good quality wethers were passed in at £1 2/9, reserve price bein? £1 5/. Less than the average yarding of pigs were present. Prime baconers £3. Porkers realised up to £1 6/, store pigs from 15/ to £1 1/; slips made 11/ to 12/6; weaners realised up to 10/6. —...,... FRANKTON STOCK SALE. The New Zealand Loan and Mercantile

Agency Co., Ltd, Hamilton, report:—At the weekly stock sale at Frankton yards yesterday we had an average entry of sheep and cattle. Both beef and mutton advanced. In price all fat sheep selling, under strong competition. Store cattle were dull of si!e, heifers in calf being in demand.. We quote: Fat ewes 14/9 to 17/. fat wethers' £1 .1/9, fat lambs 19/9, forward lambs 12/6 to 13/6, store lambs 8/10 to 11/, cull lambs 6/1, fat steers £6 17/, 'fat cows £2 1/ to £3, 15----nionths steers £1 4/ to £1 10/," weaner calves 13/ to 19/. There was a fair demand for dairy cows coming to profit. The demand exceeded the supply. Prices realised were: Good cows £7 10/ to £9, aged and backward _3 to fo, good heifers sold up to £8,, 10/. There was a smaller yarding of .pigs than. usual. Fewer buyers were present for tat pigs, but fair competition was V met ..with. We sold heavy baconers up to £3 19/, good baconers £3 to £3 10/. 'heavy porkers and light baconers £2 8/ to £2 18/, porkers. £2

to £2 5/. light porkers 30/. to 35/, store pigs 23/ to 30/, slips 12/ to 15/. good weaners 8/ to 10/, small and Inferior "weaners 2/6 to 6/. .■■•'•■ FIELD DAY AT KAPONGA:

(From Our Own Correspondent.) KAPONGA, Friday. On Wednesday a field day and dejnonstra^ tion of cattle was held at Newton King's saleyards, under the auspices of the local Farmers* Union, and was a great success

in every way. Mr. F. Ranford, of Stratford-, acted as judge and demonstrator. The senior pupils from both the schools were present ■in the afternoon, when a judging competition was held. This was a very difficult task for the children, as 'nine purebred animals were placed before-them to judge. The winner proved to be Lonie Scbicker (Convent School', B. Melville and V. ..Bartlett. local school, being a tle-for second prize. Mr. 0. Hawk _. M P addressed the gathering in a fine speech suitable to the occasion. The Ladles' committee provided for the luncheon and afternoon tea. The sheep guessing competition Was won by Mr. O. Hawkin. The chairman, Mr. P. Slalone. pointed out that the Field Pay was chleflv to try and arouse a little more Interest in the Farmers' Union,-and hoped, to see a large crowd at the annual meeting. The following are the results' of the competitions:—Aged bull, any bred: J. Scheuber's (Kaponga) Holly Bank Hero 111.. 1: A. J. Hooper's Mahbe, 2; B. Dagg's Cloverlea Prince 3. Bull,"'18 months* any breed: D. Malone's Cloverlea- Conclusion, 1; A. L. Hooper. 2; J. Bentley. 3. Bull calf: C. Crowley 1, J. Guy 2, R. Rothe3- Cow. purebred, any breed: D. Malone's" Jenny's Princess | Maid, 1; j. Scheuber's entry,2; B. Joyce's Farce, 3. Best milk veined cow: J. Guy's Beauty's Abbess, a medalist cow. Grade cow, in milk, any age or breed: D. Malone'a Kate. 1; Pet; 2; Ruby, 3. Heifer, 18 ffiontks, any breed: K. Rothes (Riverlea) Claris, 1; A. L. Hooper. 2; R. Daggs, 3. Heifer calf; any bfeed: D. Malone, 1 aid 2, B. •■-Joyce, 3 r and 4.