COMMERCIAL.

Feilding Star, Volume XII, Issue 3022, 17 August 1916, Page 1

COMMERCIAL.

AT YOItKSHIUK SALES

The following clipping from a .Juno Yorkshire paper is not only interesting a« a stock report (.some of the terms will puzzlo New Zealand farmers), but, also as showing how high prices aro ruling in JOngland. Skipton Auction Mart.--At the. weekly .sale there was a capital entry ot stock, and the usual large attendance of buyers. Best Jiewlycalved cows made up to £'35 12s (3d, springers to £31, in-calf heifers to £20, rearing calves from 42s to £(>, heavy pigs to £15 15s, pork pigs to £.10 (is, young stoics 'Mh to each, ha If bred shearling sheep to .Co Gs, cross shearlings to 92s (id, Cheviot weddcrs to 74s fid, hallbrcd owes to U7s. Down owes to £.3 Js, Cheviot ewes to (555, Scotch ewes to fi2s, ballbred lambs to 6-ls. fat bulls to £18, fat bulls to £47 15s;. fat heifers to £37 12s 6d, and fat cows to £43 12:-; Gd, veal made to lOd, pork to Is, mutton lid to Is lamb Is Id to Is 3d, and beef lid to Is Ijd per lb. There was a very heavy entry of grazing cattle nt the fortnightly special sale, 537 store bullocks and gold cattle and 269 lying-ofi' calvers being torward. Though harder to sell, smart geld cows and heifers just about made recent quotations, and the in-calf cows still continue to fetch very big prices. Two-year-old Shorthorn bullocks made to'£2l. bullock sticks £12 to £17 10k, bullock calves to £9. polled geld heifers to £23. horned geld heifers £18 to £25, geld cows £18 to £30 10s, cows nearly due to £38, July calvers to £40, August calvers to £41 ss. September calvers to £40. October calvers to £39 ss, and November calvers to £35 15s. Bingley Auction Mart.—The entry of sheep* and lambs was the best for many weeks. The entry of cattle was again of extra ouality. The trade for cattle was fully I.os to 20s per head less money and fiheep 2s to 3s per head on the week. Fat Scotch bullocks made to £51, Scotch heifers to £38, Scotch cows to £42., local cows to £40, Scotch bulls to £52, local bulls to £34, halfbred shearlings to 965, white-faced shearlings to 795. horned shearlings to 51s, halfbred ewes to 90s, tups to 98s, Scotch lambs to 525, Irish lambs to 60s, local lambs to 80s, mutton 10d to Is 2d, lamb to Is 3d, beef lid to Is Id per lb. NOTES FROM THE CITY. From local enquiries made by the Post it would appear that the success of the £8.000.000 war loan, now before the pubMc, is assured. 1L is urged in some quarters Lhat the date of the closing of applications, now less than six days, is too short to enable the small, investors making up their minds about taking up the £1 to £1.0 stock. However, it is recognised that the Minister can extend the closing date for the receipt of subscriptions. Some displacement in bank deposits is expected as a result of the loan, and possibly a firming of lending rates for a time, until realisations of the season's produce make their influence felt.

Wool. —Any available wool for local sale is being held for the sale of crutchings, to bo held here the firfit week in September. At the last Sydney sales 10,000 bales were catalogued. Support was given by Bradford and Japan. Some uncertainty still prevails among Now Zealand wool men as to whether the Dominion Government will requisition wool in tho interests of the Imperial authorities. At the moment sufficient mcasiires to prevent supplies reach ins thn enemy appear to have been taken by the British Board of Trade. Xo wool is now allowed to leave the United Kingdom for any destination. Germany is believed to Ik> makinc desperate efforts to secure wool through neutrals, as there is uo commodity of which she is moro shor tthan wool at the present time. The embargo on all exports, -of course, excludes the United States—apowerful competitive Jtnryer of wools particularly suitable for American ■manufacturers. Locally some wool men fear that rather too much concession is being made to Bradford in this respect, and the consequence may bo a reduction of values, but not necessarily a reduction, in the cost of the manufactured material for either civilian or military requirements.

Dairy Produce-—Subject to Government requisition of the whole or a 7>ortion of the output, sales have been mado in tho South and North Island of cheese at Sd. BJd, 83d, 8 13-1 fid. and, it is reported, at 9d per pound for tho whole Reason. Jt is though I that tho Imperial Government's idea of the value of cheese is rather below B|d. and that a counter offer hap been made, and will he communicated to the factories at the moment London current values for cheese are 9-1k to S6s per cwt, .white cheese being Is per cwt dearer. Sales of butter for August-September shipment have bene made, up to as high ns 17d. per pound, but the tendency of' factoYie.s for beyond that period is to consign rather than sell. The prospects of prices for butter shipped during the present export season now about to open are exceedingly bright, and most tempting offers would have to be made to factories to sell. So long as the demand by London is so keen it is inevitable that prices of butter lor the local trade will be high. In the present state of the market Londov. is willing to pay f.o.b. London fully iid per pound more than the current wholesale rate for the Joeal trade Eeports by mail from Australia show that "choicests" are selling in Sydney at 144s fid; in Melbourne, 130s to 150s; and choice Queensland at 170s, with improving supplies; Brisbane 140s for first grade. Government price paid for all surplus above local requirements. Produce.—Free-on-board prices of produce to-day are approximately as follow. South Island ports, Hour £12 per ton, oatmeal £16 per ton. pollard £6 los per ton, bran £8 los. oats 2v 9d to 2« 10d per bushel, fowl wheat 4s 4d per bushel (according to sample), potatoes £7 10s per ton. chaff £4 12s fid per ton. Auckland. Maizo (new) 4s per bushel, old 4s Id. Australian onio.us arc bringing £8 1 ."if -\wv ton locally. Advices from Australia are to the effect that prices fo v both wheat and flour for export tc New Zealand show a hardening tendency .—Post.