COMMERCIAL.

Feilding Star, Volume IV, Issue 1131, 11 March 1910, Page 4

COMMERCIAL.

INCREASED EASE IN THE MONEY-MARKET.

Says yesterday's issue of the N.Z. Trade Review (Wellington): The exports of the season so far are very heavy and prices are satisfactory. The total value of the shipments for the ■ current quarter, ending on the 31st instant, promises to constitute a record far in excess of any previous corresponding period. AVool, dairy produce, and meat will show very high totals. Wheat gives expectation of an exportable surplus still equal to that of last year, but the prospects of oats are less favourable. On the other hand our imports seem to be remaining at about tiie reduced level of 1909 and the excess of exports over imports will certainly show a very large margin for the Alarch quarter. Bank accounts will thus bo substantially replenished and the financial position further improved. Tiie requirements of the New Zealand Oovernment for public works and other public purposes arc being obtained outside ithe Dominion, as also are the loans of local governing ■bodice. Sir Joseph Ward recently stated that applications of the latter character were in band to the amount of about £750,000 and that the money would be available if the security proved to fie satisfactory. The local market will therefore not be_ called upon to meet demands of this class, as it has been in the past, and the accumulations of the community will be available for general purposes. The prospect, therefore, is for increased ease in this market. ADDINGTON STOCK SALES. .tore sheep sold 'with practically no change in values. Fat lambs sold well, heavy-weights being rather firm. Fat cattle were easier, and pigs .met with a dull sale at last week's rates. Fat sheep were firm. Store cottle were in improved demand, and dairy cows sold well. The entry of store sheep was made up principally of wethers and ewes, lambs heing in smaller proportion than of late. There was very good demand and prices showed little or no change. Range of prices: Prime wethers los Gd to 19s, extra to 20s 6d, others 13s 7d to 15s, prime ewes 12s 6d fo Us lid, others 7s 9d to 1&. In cattle, yearlings made 26s to 355, 15smonth to 18-nioiith £2 Is Bel, £2 14s Id, two-year steers £3 to £3 17s 6d, two-year heifers £3 19s 6d, 2.-year steers £4" 10s, three-year steers £5 15s, three-year heifers £4 10s to £4 13s, and dry cows 37s to £5 7s 6d. Dairy cows made £3 10s to £8. "DUNEDIN STOCK SALES. At Burnside stock sales 137 cattle wero yarded. On account of the small yarding competition was keen and prices considerably firmer than last week. The best price obtained for prime bullocks was £11 2s 6d, .medium to good brought from £8 17s 6d to £9 7s 6d, while inferiors brought from £7 2s 6d to £8 10s. Heifers realised from £4 10s to £5 ss. Sheep: A fairly large yarding of 1885. The quality, with the exception of a few odd pens of prime wethers, was medium. The price for good wethers showed a firmer tendency than last 'week, but for inferiors they were not so good. Extra prime wethers to 17s 9d. good 15s to 16s, medium 13s 6d to 14s Gd, and inferior I2s to J 3s; best ewes lis 6d "to 13s, for inferior 8s to 12s. Lambs: 2498 yarded. The quaiitv was inferior to last week's. Prices for well-finished lambs of good quaiitv were equal to last week's, but unfinished lighter sorts wore a little easier. Extra prime to 14s. good 13s 6d to 14s 6d, medium 10s to 12s 6d, and inferior 10s to lis. HUNTERVILLE STOCK SALE. Messrs Dalgety and Co. quote: Mixed aged ewes 6s lid; cul] lambs 4s id, small lambs 5s id, wether lambs 6s 8d to 7s, rape lambs 7s 4d to 8s; Romney rams Jg, lg, Kg to -J'-gs; Border Leicester rams 12s; Lincoln rains 10s 6d ; aged Southdown rams l.g, 2gs and 2Ags. Cattle —Fat cows £4 ls 6d; 2_-ve'ar and 3-year steers £4 10s, 3-year and Siyear steers £5 17s 6d. PALMERSTON STOCK SALES. Messrs Abraham and Williams report on their sale at Palmerston, vesterclay: A full yarding of sheep .met with good competition, and recent prices were well maintained. All classes of cattle also sold well, and a c a _ clearance 'ivas made, a line ot iQ forward Bullocks realising £6 10s, three-year steers £4 18s, 2.-year steers £4 ss, fat cows £4 to £4 I7s 6d forward cows £2 16s 6d to £3 Is, 18-months steers .£2 17s 6d, weanf' S ii ISX? 88 " small -weaners 15s, bulls £2 2s 6d to £5; two-tooth ewe. 13s <xl, medium two-tooth to six-tooth ewes 12s 6d, small two-tooth ewes

lis 7d, four-year and five-year ewes 10s 8d to lis, f.m. ewes 6s Id to 7s, cull ewes 2s 6d to ss, store lambs 7s, woolly lambs 8s 6d; one line of 1300 four-tooth and six-tootli wethers made 12s, other lines lis 8d to 12s 2d; f.m. rams of various breeds, 7s 6d to 21s. i HIMITANGI, RAUMAI, AND PALMERSTON SALES. The New Zealand Loan and Mer- •' cantile Co. report: Sales for the week ' have been held at Himatangi, Ran- i mai, and Paknerston North. At Himatangi -on Monday we had a moderate entry of both sheep and cattle to an appreciative attendance of buyers, resulting in a total clearance at i>rices in favour of vendors. At Raumai we had a ' very heavy, yarding of both sheep and cattle, j Sheep were inclined to drag, but we ' were successful in placing the whole ' of our entry, with the exception of two small pens. Cattle were in good , demand, and a. good clearance was ' effected. At Palmerston on Thursday we had a fair entry of sheep, ' mostly of inferior quality, and we : were able to place the bulk of our 1 yarding. We quote:— i Himatangi.—Cull lambs 4s 9d, cull ewes 3s Id, rape lambs 8s 6d, store ' ewes 7s 9d to 8s Id, breeding ewes 9s lid, rams Hgs to ia gs; forward cows £3 2s to £3 18s, fat heifers £4 12s to £4 14s, fat cows £4 16s to £5 Ios; pigs, slips, 10s. Raumai.—Cull lambs 4s .to 4s 7d, store ewes 7s 2d, 7s sd, 7s lOd to Bs, sound-mouth ewes 10s 6d. rape lambs 6s lid to 7s 2d; rams lg to _.sgs • mixed weaners 335, weaner steer. 3<s, weaner heifers 395, fat cows £3 16s to £4 7s, store cows £2 to '£'2 6s, 1% iT on caTf springing heifers £6 10s, 20-.month steers £3 7s, 2-year and 2_-year steers £4 5s to £4 13s Palmerston.—Cull owes 2s 8d to QA '. a^ e i-. f wes 5s 6d ' f - m - * wes ks od to 8s lid, s.m. owes 9s 4d, small ewes lambs 6s 3d. Roninev rams 2}o- s to _ags Lincoln rams l'. g; weaners mii * '..!".. nml calves (inferior) £2 lis to £2 los, forward heifers £3 ; >s, fat cows £4 Bs.