COMMERCIAL.

Hawera Star, Volume XLVIII, 18 September 1924, Page 10

COMMERCIAL.

FOREIGN EXCHANGES. <V CAm.r. rttSSS ATION--COPI Kl i LONDON, Sept. 15.. The following rates on foreign exchanges are current to-day, par being given in parentheses: Brussels (franc), 89.75 (25.225); Paris (franc), 83.85 (25.225); Rome (lire), 10l£ (25.225); Stockholm (kroner), 16.74 (18.159); Christiania (ki'oner), 32.38 (18.159); Copenhagen (kroner), 26.25 (18.159); Yokohama, Is 9 15-16 d (2s O^d); Hongkong, 2s 4|d (2s); New York (dollar), 4.45 J (4.866); Montreal (dollar), 4.46=1 (4.866). The mark is quoted from Berlin at 18f billions to the sterling, the same as on September 4.

FARMERS’ CO-OP. ORGANISATION SOCIETY’S REPORT.

On Saturday, the 13th, we held a special sale of dairy , heifers at our Hawera yards. About 100 heifers were yarded, and nearly every line was cleared at the hammer. Best prices for Jersey quality heifers (good condition) £l2 10s to £ls, others to £lO, good Holstein cross heifers £7 5s to £7 15s, backward heifers and low conditioned do. £3 5s to £6.

On Monday, the loth, we conducted our usual fortnightly sale at TJrenui. We are able to report a good yarding of all classes of stock. Competition was keen throughout, and practically the whole yarding was cleared at the hammer, especially marked on the fat cattle, there being a strong enquiry and the beef market hardening in consequence. One line of very heavy bullocks from Okoke, which were offered by us in conjunction with Newton King, Ltd., fell to the bid of a Tikorangi buyer at £l3 14s, and one extra heavy cow making £l2. In the dairy pens there was also good competition, and the' yarding was cleared at the hammer at rates slightly in advance of late sales. Quotations: M.s. hoggets 29s Bd, good store pigs 33s to 48s, heavy beef bullocks £l3 14s, lighter,do. £lO 10s, fat cow (extra prime) £l2, prime do. £6 15s to £8 10s, lighter do. £5 10s, good store cows £2 7s, others £1 10s, empty heifers £3 6s, yearling heifers £1 *ss to £2 ss, •springing heifers close to profit £6 5s to £B,. smn.l l and backward sorts £4 10s to £5 10s. •

LONDON MARKETS

HIGH COMMISSIONER’S CABLED REPORT. The Department of Agriculture has received the following cablegram, dated September 13, from the High Commissioner for. New Zealand, London: — Butter.

Market quiet, but steady. Official quotations are: — / - New Zealand—Salted, finest: September 13, 206 s to 208 s per cwt (Is lOd to Is 10Jd per ,1b), exceptional 210 s per cwt (Is Kid to Is 10-Jd per lb) ; August 30, 204 s to 208 s per- cwt (Is 9=jd to Is. 10fd per lb). Other qualities: September 13, 196 s to 200 s per cwt (Is 9d to Is 9.)d per lb). Unsalted: September 6,220 s per cwt (Is per lb); August 30, 220 s per cwt (Is ll)d per lb). Australian.—Salted: September 13, 196 s to 198 s pe,r cwt (Is 9d to Is 9)d per lb); September 6,196 sto 200 s per cwt (Is 9d to Is per lb); August 30, 200 s to 202 s per cwt (Is per lb). Other qualities: September 13, 190 s to 192 s per cwt (Is 8-fd to Is 8-£d per lb). Unsalted: September 6,206 s to 210 s per cwt (Is lOd to Is 10jd per lb). Canadian. —Salted: September 13, 190 s to 194 s per cwt (Is Bfd to Is B=jd per lb); September 6,190 sto 192 s per cwt (Is Bfd to Is 84d per lb). Unsalted: September 13, 210 s to 214 s per cwt (Is 10-kl to Is lOijd per lb); September 6,200 sto 204 s per--cwt (Is 9-kl to Is 9Jd per lb). Argentine. —Unsalted: September 13, 196 s to 200 s per cwt (Is 9d to Is 9M per lb); Sejffember 6,196 sto 200s.per cwt (Is 9d to Is 9-kl per lb); August 30, 196 s to 200 s per cwt (Is 9d- to Is 9-Jd per lb). Other qualities: September 13, 190 s to 194 s per ewt~ (Is 81d to Is Bfd per lb). Irish.—-Salted: September 13, ,198 s to 200 s per cwt (Is 9fd to Is 9-ld per lb). Unsalted: September 13, 212 s per cwt (Is 10Jd per lb); September 6,212 s per cwt (Is 10-Jd per lb); August 30s, 219 s pe\ cw r t (Is 104 d per lb). Cheese. Market very quiet. Official quotations are: English.—Finest farmers; steady demand. September 13, 108 sto 112 s per cwt. (llld to Is per lb.); September 6, _ 108 s to 112 s per cwt (.11ßl to Is per lb.); August 30, 102 sto 106 s per cwt. (lid tolHd per lb.). Canadian.—September 13, coloured, 93s to 94s per cwt. (lOd per ib.), white, 94s per cwt. (lOd per lb.); September G, coloured, 93s to 94s per cwt. (lOd per lb.), white, 94s to 9os per cwt. (10d to 10f per lb.); August 30, coloured, 91s to 92s per cwt. (9RI to 10d per lb.), white, 94s to 95s per cwt. (lOd per lb.). New Zealand—September 13, coloured. 92s per cwt (9fd per lb.), white, 94s per cwt. (lOd per lb.); September 6, coloured, 92s to 93s per cwt. (9|d to lOd per lb.), white, 94s to 95s per cwt. IQd to 10fd per lb.); August 30, coloured, 91s to 92s per cwt. (9Jd per lb.), white, 94s to 96s per cwt. (10d to 10fd per lb).

Australian.—-Market slow. September 13. coloured, 90s per cwt. (9)d per lb ) Danish. —September 13, 210 s to 212 s per cwt (Is 10M to Is 103 d per lb); September 6. 208 s to 212 s per ~ewt (3s lOtd to Is 10|d per lb); August 30, 212 s to 236 s per cwt (Is 10fd to 33 3ld per lb). ■

Siberian, lvfarket quiet. September 13, 1503 to 170 s per cwt (I 3 4jfd to Is 6,1 per lb), exceptional, up to 176 s per cwt (3s Old per lb); September 6, ICOs to 3 80s per cwt (3s s ; }d per lb). Wool. New Zealand market steady and no change in prices.' Bradford market continues firm. No change in prices for tops. Next series commence in London in September IG. with appioximateiy 357 - 00 bales, of which 74,300 are New Zealand. Tallow. Spat market firm and demand is c-co:! at auction. Present quotations a re: - Mutton. Fine, 17s to 47s 8d per cwt.; lai: to good, 4os to 46s 6d per wt, ; dark to dull. 41. s 6d to 4s 6d petr Peef— Sweet and/or mixed, 47s to 47s 6d per cwt. ; fair to good, 44s to 46s 6d per cwt. ; dark to dull, 40s 42 A pPr f ' wt " Mixed—Fair to good, fY fi( J A 6(1 P®»‘ cwt. ; dark to dull. 40s to 42s per cwt. Gut. etc.— ■>< to 41s 6d per cwt. STOCK SALES. NEWTON KING’S REPORT. Messrs. Newton King, Ltd., Stratford, report:—At our Stratford sale on Tuesday we report a fair yarding of store cattle which sold at late rates. Quotes.—Fat cows, £6 10s to £7 7s 6d;

4{p»d. i ,cq>V,s,,£3 yis.;. to £4.7s 6d;, "'go&cTst6res7*’3bs' tb:'£2 7s''6d;' yenrfin ; g heifers, £2 to £2 11s. At our sale of dairy stock on the same day we report a good demand for forward cows and heifers with backward, sorts neglected. Quotations: — Good conditioned heifers in milk and at- drop, £6 15s to £8 15s; poorer sorts, £3 to £5; guaranteed sound dairy cows from £5 10s to. £8; pedigree Friesian cow, 284 guineas. Next sale of dairy stock Saturday, September 20. At Inglewood yesterday we had a very fair yarding of store cattle and heavy one of dairy cattle, principally heifers. All classes sold well, yearling heifers, 2-year empty heifers and young store cows maintaining the steady improvement that has been noticeable at late sales. Jn the dairy pens a big number of the heifers were under-sized and poor in condition, and this hampered prices to a very great extent. Inquiry was firm nevertheless. Quotations: Mixed yearling heifers (small),' 20s to 32s- 6d; Jersey cross yearling heifers, 37s to £2 11s; yearling Jersey heifers, £2 14s to £3 13s; Holstein heifers, 32s Cd to £2 2s; 2-year empty heifers, Holsteins, £2 6s; Jersey cross, £2 8s; Jerseys, £2 10s; yearling steers, £2: 6s; light fat cows, £5 to £6 4s; forward conditioned cows, £3 7s 6d to £4 6s; young store cows, £2 to £3; bonei* cows to £2 7s 6d; 3-vear steers, £3 17s 6d; springing heifers, Jerseys, £7 to £lO 10s; small and poor conditioned Jersey cross heifers, £4 to £6; inferior heifers to £3 10s; dairy- eoivs up to £3 10s. j

LONDON REPORTS.

Messrs Dalgety and Company, Ltd., report having received the following cablegram from their London house, under date of the 11th instant:

Lamb. —New Zealand, prime crossbred, Canterbury, heavy life], light 12fd; North Island, heavy ll£d, light f2d. Demand for New Zealand lamb is less. Any change in prices is in favour of buyers. Mutton.—New Zealand prime crossbred, Canterbury, heavy 7|d, light Bfd; North Island, heavy 7‘d, light B£d. Demand for New-Zealand mutton has been checked by increased prices askecl. Though prices are nominally unchanged, it is very difficult to sell at : fates quoted. Australian Frozen Lamb.—Quotation for good average quality crossbred lamb (light) is llld. There is a good demand for Australian lamb, though at present very few lambs have arrived. Prices are unlikely to be maintained as . stocks become more plentiful. ■ Messrs Dalgety and Company, Ltd., report having, received the following cablegram from their London house, under.date of the 11th instant:

Butter.—Market is dull.. We quote: New Zealand salted 206 s (2065), New Zealand exceptional brands 210 s (210 s), Danish 210 s (2125), finest Australian salted 200 s (2025). Cheese.—Market is quiet but steady. New Zealand, white 93s (945),. coloured 91s (925); Canadian c.i.f. 90s (925). • Last week’s prices are given, in parentheses. Messrs A. H. Turnbull and Co. have received a cable from Messrs W. Weddel and Co., Ltd., London, dated 12th inst., reading:—“Danish butter, 210 s to 212 s (208 s to 212). New Zealand salted 206 sto 208 s (206 sto 208 s); market quiet. Cheese, white 94s (94s to 955), coloured 925. (925); market slow.” (Last week’s quotations given in parentheses), * - The New Zealand Loan and Mercantile Agency Company,. Ltd., have received - the following cablegram from their London house under date 12th inst.:—“New Zealand frozen meat: Lamb ll£d per lb (average); mutton, prices unchanged,* market- slow. Last quotations 22/8/24 —-wether and maiden ewe, light 84d per lb. heavy ewe. light 6fd, . heavy 1 s£d. New Zealand dairy produce; Butter, choicest, salted, no change in market; last quotations 5‘9/24 —-206s to 210 s per cwt). Cheese, 90s to 94s per cwt; market slow.”