COMMERCIAL.

Hawera Star, Volume XLVIII, 30 July 1924, Page 7

COMMERCIAL.

WHEAT CARGOES. 8* CA.BLI—P&ISB ASSOCIATION—COPYRIGHT LONDON, July 28. Wheat cargoes are slow, buyers being disinclined to pay current prices. Parcels were 6d to 9d higher, but closed easier. LONDON METAL MARKETS. LONDON, July 28. Copper.—Spot, £63 11s 3d; three months, £64 11s 3d. Lead.—£33 15s and £32 2s 6d. Spelter.—£33 and £32 15s. Tin.—£244 10s and' £244 10s. Silver.—2s lOd 5-8 d per ounce standard. DEARER, FLOUR IN BRITAIN. LONDON, July 29. Flourmillers announce a further rise in the price of flour by 3s a sack to 4Ss 6d, compared with 41s 6d on Julv 1. CANTERBURY MARKETS. (by TELEGRAPH—PRKBB ASSOCIATION .1 CHRISTCHURCH, July 29. There is very little change in the market since the week-end. , A few over-sellers in potatoes are covering their commitments for the north and this had given the market a. firmer tone, but with practically no change in values. Week-end cabled quotations from Melbourne showed a, slight advance, confirming private information received during the week. The range in the quotation was wide, from £3 to £4 ss, but as it is only the soundest potatoes that are shipped the latter price or near it need only be taken notice of as affecting the market. This would appear to he an advance of about 10s a ton. . However, this is not -likely to affect the heavy consignments previously arranged for, although it may restrict future operations. Values to farmers- are about £l- on trucks. Oats are very firm and the few fanners holding any are asking big prices. Chaff is also very firm. AUCKLAND SHAREMARKET. AUCKLAND, July 29. Stock Exchange sales. —Bank of New Zealand, 56s 3d; New Zealand Insurance Company, 29s 9d; Auckland Gas Company, 25s 3d; Devonport Ferry. 265; National Timber Company, 21.5; Waihi, 29s 9d. LONDON MARKETS. Dalgety and Co.. Ltd., report having received the following cablegram from their London house under date of the 24th in-st.: Lamb.—New Zealand prime crossbred lamb: Canterbury, heavy 101 d, light llld; North Island, heavy 10d, light lOjd. Demand for New Zealand lamb runs principally on lightweights. Market firmer. Lamb on spot particularly firm. , Mutton.—New Zealand prime crossbred mutton : Canterbury, heavy 6Jd, light 7 id; North Island, heavy 6§d, light 7ld. Better demand for New Zealand mutton; any change in prices is in favour of sellers. Some signs, of improvement on spot. Beef.—Not quoted. Australian frozen meat not quoted. SHEEPSKINS. Sheepskins.—-Fair demand, but market irregular. Any change in price is in favour of buyers. Merino market firm; crossbreds par to 5 per cent, lower.

London Market reports. The New Zealand Loan and Mercantile Agency Company, Ltd., have received the following cablegram from their London house under date 25th

instant: New Zealand Frozen Meat— Lamb, 11 id per lb (average); mutton, wether and maiden ewe, light 7||d, heavy 63d; ewe, light 53d, heavv sd; good demand. New Zealand Dairy Produce—Butter, choicest salted, market slow, weaker tone (186 s to 190 s per cwt); cheese, 84s to 92s per cwt, better demand.

Messrs A. H. Turnbull and' Co. report that they have received a cable

from Messrs W. Weddel and Co.. Ltd., dated 25th inst.. as follows: Danish butter, 200 sto 202 s (200 sto 2045); New Zealand, unsalted 202 sto 204 s (2045), salted 186 s to 188 s (186 s to 188 s); market slow. New Zealand cheese, white 90s to 92s (90s to 925), coloured 86s to 88s (86s to 90s); rather better demand. Last week’s prices are given in parentheses. Dalgety and Company, Ltd., report having received the following cablegram from their London house under date of the 24th instant: Butter—Market quiet. We quote: New Zealand, salted 188 s (188 s), exceptional brands 190 s (1925); Danish, 200 s (2045) ; finest Australian. salted 184 s (184 s), unsalted 194 s (1945). Cheese—Better demand ; New Zealand, white 90s (925), coloured 86s (88s); Canadian, c.i.f. quotation 87s (90s), spot price 925. Last week’s quotations gven in parentheses.

SHEEPSKINS HIDES AND TALLOW SALE. Messrs. Dalgety and Co., Ltd., report having received the following cablegram from their London house under date of the 25th inst.:

London Sheepskin Sales.—The following is the range of prices realised at the last- sheepskin sales: Merino, three-quarters to full woolled 19d to 23d, quarter to half woolled 13-J-d to 19-s-d, short and shorn 9d to lid; crossbred, three-quarters to full woolled, fine 16d to 23d, medium and coarse 12d to 17d; crossbred, quarter to half woolled, fine 13d to ]7d, medium and coarse 9|d -to 13yd ; crossbred, short and shorn 93d to 12d; lambs 14xl to J[B4d. The fortnightly sales of skins, hides and tallow were held on Friday by the various brokers. A large catalogue of all descriptions was offered to a full attendance of exporters, tanners, fellmongers and the local' trade. ' For sheep skins, competition was keen, and prices all round for dry skins were firm at late rates. Salties were easier, and declined by 6d to Is on rates previously quoted. A few special lines of super extra heavy full-woolled skins were sold at good prices. Competition for hides was at times fairly animated. Heavy-weights showed an improvement, and may ,be quoted at par to £d per lb better. Medium and light-weights were better by Jd to P er lb. Kip and

yearling were in demand, and advanced ]d to 4d on late rates. Calf improved by 3(1 on rates quoted the previous fortnight. Tallow was in good demand, prices all round being better by 30s to 40s per ton. The following is the range of prices: Sheepskins.—Fine crossbred, Tod to 18d ; medium to coarse crossbred, ]3d to 15:}d; short to half-wools, Hid to 14.' ( ; lambs. Hid to 143 d; dead and damaged crossbred 9d to 17d; inferior and badly damaged, B.(d to 13d ; pelts, 7d to lid; damp, salted and green, 6s to 14s: lambs, salted, 3s to 6s 6d.

Hides.—Ox, . heavy, 701li and over, 8d to Sfd; ox,heavy, 591bs to 691bs, 7id to 8d; ox, medium, 531bs to 581bs, 6gd to 7d; ox, light, 451bs to 521bs, 4|d to old; cut, slippy and inferior, lid to 6d •„ cow. heavy, 531bs and over, 4£d to 6|d; cow, medium, 451bs to 521bs. 41d to s§d; cow, light, ,331bs to 441bs. 4id to old; cut, slippy and inferior, lid to 4d: bull, stag, lid to 3id; yearlings, 111 b to 161 b, sgd to yearlings, 171 b to 321 b, 5d to 6£d ; calf, superior, up to 101 b, not quoted: calf, medium to good, up to 101 b, 6d to 12id; calf, damaged, up to 101 b, 2d to 9id. Tallow. —In casks, 26s 6d to 35s 3d ; in tins, etc., 11s to 30s. Sundries. —Horsehair, 12d to 19d. Messrs Dalgety and Co. state that at their usual fortnightly sale held on Friday afternoon they offered a large catalogue of all descriptions to tanners, fellmongers and the local trade. Sheepskins: Competition was keen and prices all round for dry skins were firm at- late rates. Salties were easier and declined by 6d to Is on rates previously quoted. A few special lines of super extra heavy full wool led skins-were sold at good prices. Hides: The catalogue comprised some good lines, and competition at- times was fairly animated. Heavy - weights showed an improvement, and may be quoted at oar to id per Lb better. Medium and light-weights were better by Jd to Jd per lb. Kip and yearling were in demand and advanced id to id on late (rates. -Calf improved by id on rates quoted the previous fortnight. Tallow: Good demand, prices all round being better by 30s to 40s per ton, Prices: Same as above. NEWTON KING, LTD. Newton King, Ltd., report as under: At Stony River, on July 15, we had a moderate yarding of all classes, and the sale generally showed some improvement. Weaner heifers 27s to 375, fat cows £5 os, store cows 22s 6d to 32s 6d, forward do. £2 12s to £2 18s, 20month steers £2 8s 6d, springing Jersey heifers £9 to £9 10s, springing dairy cows £5 15s to £6 15s. At Waiwakaiho, on the following day, we had a fair entry in the store cattle section and a large yarding of dairy cattle. Practically a complete clearance was effected at the hammer at late values. Weaner heifers 20s to 255, weaner Holstein steers (poor conditioned) 21s, store cows 25s to 30s, forward do. £2 10s to £3 12s 6d, springing cows £9 to £ll, backward and inferior do. £4 10s to £7.

At Urenui, - on July 21, a large entry of store cattle and a fair number of sheep came forward, and for these classes a fair sale resulted. Dairy cows and heifers were dull of sale. Forward wethers 365. cull hoggets 13s, weaner heifers 18s to. 275, in-calf heifers £4 to £4 10s, 20-month steers £2 11s, store bullocks £5, light fat do. £7 10s, forward empty heifers £3 12s 6d, store cows 22s to 295, vealers 37s 6d, dairy cows £5 to £7 ss.

At Stratford, on the 22nd inst., we had a fair yarding of store and dairy cattle, which realised late- rates. Fat ewes 30s 6d. store cows 25s to 345, fat do. £4 to £5 15s, wearier heifers 15s 6d to 355, springing heifers £8 to £9 10s, dairy cows £8 5s to £9, inferior do. £4 5s to £5 10s. At Inglewood, on the following day, the store sale showed an all-round improvement, but dairy stock relaxed a shade, due mostly to the quality being only up to fair standard. The entry was a large one, and everything sold. Full-mouth in-lamb ewes 27s 3d, poolconditioned 20-month steers 395, 24-year do. £3 2s, small weaner steers 24s 6d, weaner heifers 15s to ■ 245, medium quality do. 37s to 395, store cows 25s to 335, conditioned do. £2 to £2 15s, incalf heifers £5 to £6, ordinary dairy cows £4 IQs to £6, Jersey do. £ll.