FARMING & COMMERCIAL

Dominion, Volume 14, Issue 275, 15 August 1921, Page 8

FARMING & COMMERCIAL

auction sales forthcoming fixtures. TO-DAY. Otaki Yards. 12 noon—Stock sale. TO-MORROW. 50 Lower Cuba Street. Wellington 10 30 a.m.—Sale of unredeemed pledges (Price and Oo.). Levin Yards, 12 noon.—Stock sale. 141 Manners Street Wellington, 2 p.m.— Furniture sale (Wheatley and Co.) WEDNESDAY, Municipal Markets, Auckland, 12 ndon.— Salo of cocoa beans (Braid and Co.). Thompson Street, Wellington. 1.30 p.m.— Furniture sale (S. G. Nathan). PRICE OF BUTTER INCREASE TN ENGLAND. London, August 12. The Government has raised the price of butter by ss. per owt. all round, mak-fiiv.t-grade New Zealand 2525. per owl., Australian 245s.—Aus.-N.Z. Cable Assn. FROZEN MEAT LONDON QUOTATIONS. (Rec. August 14, 5.5 p.m.) London, August 13. The following are the latest quotations for frozen and chilled meat: — Mutton. Canterbury, heavy, 6Sd. per lb. New Zealand ewes, 5JdSouth American, heavy, 53c1.; ewes, 5Jd, Patagonian, light, 6Jd. Beef. Argentine frozen fores, 4Jd. per lb.; hinds, 9d. Urugayan fores, 3jd. Urugayan, fores, 31d.; hinds, 6{<l. Argentine chilled fores, 51d-; hinds, Hid.—Aus.-N.Z. Cable Assn. LINCOLN SHEEP SALE HEAVY SLUMP IN PRICES. (Rec. August 13, 5.5 p.m.) London, August 12. The absence of Argentina buyers caused a heavy slump in prices at the Lincoln sheep sale. Only 162 out of 370 were sold, the average price being .£25, compared with -£4l last year. The highest price was .£147, compared with .£lO5O last year, and £l6BO in 1919. —Aus.-N.Z. Cable Assn. BUTTER AND CHEESE ' A GOOD MARKET EXPECTED. By Telegraph—Press Association. Palmerston. North, August 13. With, reference to statements published regarding the instability of the London butter and cheese markets and that consequently a fall in prices was pending, a representative of the "Standard” was informed by the secretary of several dairy companies and the agent of a Urge Tooley Street distributing house, that those remarks were, in their opinion, misleading and very much exaggerated. While admittedly there was ft slight easing of prices, the opinion was general that the outlook was for ft good market during the coming season,, both for butter and cheese. Amongst other allegations made was that, owing to the breaking of the drought in England, a greater supply qf home-made cheese was assured, but it was obvious to experi.-. enced df>irymei> that the breaking of the drought had come too late to affect the production of English-made cheese. 1 Moreover, one largo firm which had an order to buy cheese at lljd. per lb. was still open to negotiate at that figure. Its principals had cabled instructions to reduce the limit. A further instai«fb of the stability of the cheese market was mentioned, cabled advices having been received that sales of cheese were made at 1365. per cwt. in London, equal approximately to Is. f.o.b. COMMERCIAL ITEMS INVESTMENT SHARES. Saturday’s quotations for Investment shares were as follow:— Buyers. Sellers. £ s. d. £ s. d. Inscribed Stock. 1939 and 1938 83 1 2 6 — War Bonds. 1938 83 12 6 - War Bonds, 1930 — 89 0 0 Bank New Zealand 2 8 9 — Union Batik - 12 10 0 Well. Gas (£10) - 9 0 1 National Insurance 2 19 0 — South British Insurance 1 15 6 1 16 6 Meat Export (£3 12a. 6d , cum.) 3 3 0 — Well. Woollen (ord.), cum. 0 5 (I — Westport Coal 16 9 — CUSTOMS REVENUE. Customs revenue collected at the nort nf Wellington on- Saturday totalled £1666 6s. Id. TALLOW MARKET. Messrs. Booth and Co. have been advised by cablegram from London that there was sharp competition at the tallow auction on August 10. The entire offerings, amounting to 1687 casks, were sold, and prices advanced 6s. per cwt. all round. Market conditions showed marked im\ x provement, and prospects for future business are brighter. LONDON MARKET REPORTS. Australian-New Zealand Cable Association. (Ree. August 14, 5.5 p.m.) London, Augiist 13. Cotton.—The Liverpool quotation for American unlaud cotton, September delivery, is 8.78 d. per lb. Jute—Market. irregular. Old crop, Auaust-lSepteinber shipment. £27 per ton. New Zealand Hemn— Steady. AugiistOctober shinment. £3B per ton. Rubber. Fine hard Para. 12.1 d. per lb.: plantation, first latex crepe. B£d.; smoked ribbed sheet. BJ.d. Linseed oil, £39 per ton. equal to 3s. IJd. per gallon. Turpentine. 68s. per cwt., equal to ss. lild. per gallon. Copra.—The market is fluctuating. Sellers are asking £34 per ton for AugustOctober shipment. ' WHEAT COMMISSION'S RESERVE STOCKS SOLD. Australian-New Zealand'Cable Association. (Reel August 14, 6.5 pgn.) London, August 13. The Wheat Commission has completed the sale of its reserve stocks. MINING NEWS WELLINGTON SHARE MARKET. Ths following quotations were recorded In tha mining martlet on Saturday:— Buyers. Sellers. £ s. d. £ s. d. Walhi 1 1 0 13 0 HIDES AND TALLOW FORTNIGHTLY RALES. Thn fortnightly sales of hides, sheenskins, nnd tallow were held last week. Broilers.’ reports are given below:— The Wiiirarapa Farmers' Co-operative Association. Ltd., reports :—There was a full attendance of buyers and excellent competition. A satisfactory feature of thn sale was the improvement in price of medium and lower-grade hides: henrv and medium ox hides were on a par with' previous eale : all out, slipw'. nnd inferior hides sold at nn advance on previous sain rates. Yearlings and calfskins, good quality, were higher by id. nnd 2d. respectively per lb., and lower grades showed an advance up to 2d. per lb. Sheenskins were difficult to sell, especially lower grades, and showed a decline on rates ruling at previous sale. Tallow' was in demand, nnd was higher by about £5 per ton We sold tallow in tins up to 18s 6d. per cwt., and in casks up to 295. per C 'Tho New Zealand Loan and Mercantile Agency Co.. Ltd., report :-There waa a fair attendance of buyers. Very little interest was taken in sheepokinn by buyers. | nnd the bulk of the lota were passed in. ; Hides and calfskins wore in very good domand, and sold at nn advance on last sales. The recent advance in the market. : for tallow in London was reflected in local ■ sales when practically all lots offered were sold at from 6s. to 7s. above prices I obtained at last sales. Messrs. Levin and Company, Ltd re-I porti-Th? to_taLpfferina .wa8_3095. htdes

and calfskins and 4300 sheepskins, of which our catalogue represented 1150 hides and calfskins and 2025 sheepskins There^ was a fair attendance of buyers, demands were very 'limited, and in consequence biddings for the majority of lots were restricted. Dry sheepskins were hard to quit, whilst oalteds declined from fid. to 9d. -ieavy weight hides, showing any substance, were in demand at late rates. Mediums were difficult of sale at reduced prices, whilst lights were firm at a slight advance. Yea.ling and calf in good de»and HA last sale’s prices. As compared with the sales held during the last four months, competition for tallow brightened, and values according to quality, showed an advance of from 2s. to 6s. per cwt. Messrs. Murray, Roberts and Co., LteL. report i-W® offered 473 htdes and 900 sheepskins, ths attendance of buyers being good. Competition was slow for sheepskins, which showed a considerable decline; but there was very little demand in the absence of South Island fellmongers, and most of the catalogue was withdrawn. There was good inquiry for hides at practically last sale’s values, calfskins showing nn advance, and cowa being: sligntly Messrs. Abraham and Williams, Ltd., and Wright. Stephenson, and Co.. Ltd., report: —We offered a good selection. Sheepskins were in very poor demand, and in consequence we withdrew the whole of our catalogue. Hides were keenly sought after, and we again topped tho market with ft lino of heavy butchers ox. which realised 14sd. i?cr lb. Heavy ox were on it par with last sale. Medium ox were easier, and light ox sold in sellers’ favour. Heavy cow were mnch easier. Medium cow were on a par with last sale, whilst light cow were firmer. Yearlings were in good demand, and showed an advance of about Id. per lb. Calfskins also were in good demand, showing an improvement of id. to 2d. per lb. In sympathy with the London market, tallow is much firmer, in tins showing an advance of about 3d., whilst tallow, in shipping order, improved fully Bs. per cwt. Messrs. Dalgety and Company. Limited, report:—We submitted a medium catalogue of all classes to on average attendance of buyers. Sheepskins met a very erratic market, and declined fulfy 4d. per lb. fihorta, low grades, and faulty parcels were' practically unsaleable, in verv manv instances no bids were made. Well-conditioned hides, heavy and mediumweights, also first-quality kips declined by a full id. per lb. Yearlings sold well up to Inst sale rates. Super calf were eagerly sought after, and advanced fully 2d. per lb. Tallow was in good demand, and sold 'up to 295. for casks and 20s. 6a per cwt. for tins. Tho range of prices wan as follows >— Sheepskins: Fine crossbred, 2d. to 23d.; medium to coarse crossbred, lid. to 2id.: short to half-wools, Jd. to 2Jd-; lambs. 2?d; dead and damaged crossbred, id. to lid.; inferior and badly damaged, id. to Id.; damp, salted, and green. Is. to 2s. 3d.; lambs, salted, Is. to Is. 6d. Hides: Ox. heavy, 691 b. up, 7Jd. to 14id.i ox. niedium. 501 b. to 581 b.. 4d. to 98d.; ox, light, 491 b. and under, 3Jd. to 6d.; cut. slippy, and inferior, 3Jd. to 7d.; cow, heavy, 551 b. and over. 6Jd. to 6®d.; cow mediupi, 421 b. to 541 b., 3Jd. to 5Sd.; cow, light, under 421 b.. 3Jd. to 5Jd.; cut. slippy, and inferior. Id. to did.; bull stag, Id. to 2id.; yearlings. 111 b. to 321 b.. 4d. to Hid.;'calf, superior, up to 101 b., 9Jd. to 16d.; calf, medium, good, 73d- to 16jd.; calf, damaged, id. to 103 d. Tallow: In casks, 19s. to 295.: in tins, etc., 13s. 6d. to 20s. 6d. Sundries: Horsehair. Is. 4id.