COMMERCIAL.

Hawera Star, Volume XLVIII, 8 October 1924, Page 10

COMMERCIAL.

.CANTERBURY MARKETS. Uty I'KLKO.UAPn —PRESS ASSOCIATION.) CHRISTCHURCH, Oct. 7. The grain and produce market is very quiet. Potatoes fluttered up for a brief period of about a day since the week-end report, a few paper sales having actually taken place at £7 a ton f.0.b.. sacks in, but they have receded again. Farmers are" being quoted at up to £5 5s for whites on trucks, and to £5 for Dakotas. Cowgrass has scarcely the keenness that ’ it had a week ago, though up to lOd per lb is being paid farmers for good samples. There is little doing in the white clover market. Danish cocksfoot has improved in price in England, which may give the demand here muchneeded stimulus. Partridge peas have also firmed slightly. The most sought after product a J the moment is chaff, for which there is a good local and outside demand. Southern ryegrass is being offered locally, but so far it has had no effect on the substantial values ruling for Canterbury seed. AUCKLAND SHARE-MARKET. ' AUCKLAND. Oct. 7. Stock Exchange sales : New Zealand Insurance. 30s; Auckland Gas, 24s 9d Wilson’s Cement, 29s 7d; Waihi 9g<. 6d. ’ ' WOOL SALES. Dqlgety and Co., Ltd., report having received the following cablegram from their London horse under date of the 4th inst.; —“Wool sales continue with less spirit, and lately reported rates ai'G hardly maintained, except medium and coarse crossbreds, the demand for which continues very strong. Prices being paid for fine wool are such that tops cannot be made at the money •-Ley are quoted at.” LONDON PRODUCE MARKETS. The. .tank of New Zealand produce department has received the following advice from its London office under date October 3: Butter.—Firm at 220 s to 224 s per cwt. Cheese. —Steady. White 95s to 96s per cwt., coloured 94s to 955. Frozen meat.—The market for wether mutton is quiet and unchanged. There is a fair demand for ewes. ~ Market f ar lamb remains steady. The market for beef is expected to go higher if supplies from other sources are not too heavy. Wethers, light -Sd to 9d per lb, heavy.7sd to 8d ;* ewes, osd to 6|d : lambs, under 421 b 113 d to ]24d over 421 b lid to IHd. seconds Had to l2Vd, new season’s .Australian ].2d to 124t1: ox, hinds 4fd to od, fores 3d to 3-Jd-DAIRY PRODUCE. Messrs A. H. Turnbull and Co. have "e'e'.ved a cable from Messrs W. Weddel and Co., Ltd., dated London, 3rd last .-—“Danish butter 240 s (last week °-34s to 2385); New Zealand salted 220 s tq 224 s (218 s to 2205): market firmer, n -ease white 9os to 96s (94s to 965), colrurad 94s to 96s (945); market quiet.” ' SHEEPSKINS, HIDES AND TALLOW . SALE. The New Zealand Loan and Mercantile Agency Co., Ltd., report: —The fortnightly sales of sheepskins, hides, and tallow were held on October 3 by the various brokers. A large catalogue was submitted of all classes to’ a fully representative attendance of buyers. The sheepskins market again showed a slight improvement, and under keen competition, prices being about a pai xi 3d per lb better. Fine crossbreds and well-grown parcels' improved |d tc Id. Sallies were about a par to 6ci better. Hides Values all round can be quoted as being particularly firm at late rates,. with the exception of heavy>e,grt ox, which declined qd to id pei lb. Kip and yearling sold on about a par to )d better, while calf were slightly easier. There was good competition t'V tallow, and prices, it anything, were better than the previous rates quoted The following is the range of prices:— Sheepskins,-—llalfhred 19).d to 22 jd, fine crossbred 18d to 20)d, "medium tc. coarse crossbred 15*.d to” IScl, short t: half wools 13d to 16),d. lambs ll.ld tr 20)d, dead and damaged crossbred 13d to 173 d, inferior and badlv damaged 7ld to pelts 7i|d . to.‘l2d, damp salted and <y.-een 12s 3d to 225, pelts.salted 3s 6cT, lambs, salted 3s to 13s 6d. Hides—Ox. heavy 70!b.s and over, 7-id to 9)cl; ox, lieavy, 591 b? to 691bs, 7|d jto 9ld: ox,medium, 531bs to oSlbs, sijd 0 75-d; ox, light, 45!bs to 52ibs, 53d to 6;\d; cut, slippy and inferior, id to- 6icl: cow, heavy. 531bs. 5d to 6d-. cow, light, 331hs to 44lbs. 4jd to s ; !d : cut. slippy and inferior, I’d to 43 d ■ hull, stag Id to 4 : ‘d; yenrlmms, 11 lbs to IS lbs. 6d to 7d : yearlings.' 'I7ibs to -2ibs, sld to 6id; calf, superior, up to lOlbs. 15)d; calf, medium to <>-ocd, up to 1.0 lbs, 12d to 14d: calf, damaged, up to 10 lbs. 3d to lid. Tallow.—ln casks, 3'ls 3d to 36s 6d: m tins, etc-., 21 s to 30s. Sundries.—Horse hair, 12d. Messrs. Murray - Roberts and Co. submitted a catalogue of 2300 sheepskins and /27 hides to a very large attendance of buyers on Friday. As at last sale competition was extremely keen, and the values established at that sale were fully maintained. Sheepskins were in good request, the bidding being keen and at times excited. Hides sold at about par with last sale, but tanners were hardly so keen on heavy-weights, lighter sorts and cow bides being more in demand. Tallow sold .at a slight advance. The range of prices is as below: Sheepskins.—Crossbred 194 d to 221 d. fine crossbred 18d to 20)d. medium L-. eoars° crossbred 15cl to 18d. short h-H' wools 13d to I old, lambs 11)d to 20)ddead and damaged crossbred 13d co !74d. inferior and badlv damaged 7),ri to 103 d, pelts 73d to 12d. damp. saße-l and green 12s 3d to 225. peltfi (salted) 3s 6d. lambs (salted) 3s to ];V fid. Hides.—Ox. heavy 71 d to 91d and 7ful to Old. medium sjj-cV to 7gd. light s'<l to (I'd-, row. heavy old to 6iid. medioni 5d to H. light -P.d'to odd; cut. slippv and inferior lid to 53d: bull, ‘•tag Id to 4),-d : vearlings fid to 7d and s}-d to otd • < -3f. superior 15jd. medium to good 12d to bid. damaged 3d to 11-k Tallow. - Casks 31c; Od to 36s Gd, tins ■2ls to 30s. Sundries. —Horsehair 12d. LONDON MARKETS. HIGH C ■C-MMT-Qfi-fnvvß’S CABLED REPORT. RUTTER VERY FIRM. Tip. Dr.--.nri.ment of Agriculture has .ft! the following cablegram, dated Htobe>- 4. from the High Commission for New Zealand, London: Butter. Market very firm, with Active demand for cheaper descriptions. Ger-

many buying large supplies of Danish. Jfficia.l quotations are: — New Zealand salted, finest—October k 222 s to 224 s per cwt (Is 113 d to 2s *er lb) ; September 27, 218 sto 220 s par wt (Is lid to Is HAd per lb); September- 20. 210 s to 212 s per cwt (Is Old to Is 103 d per lb). Other quali-‘-ies—October 4,206 s to 210 s per cwt is lOd to Is l(Bd per lb). Australian salted,* finest—October 4, 206 s to 208 s per cwt (Is lOd to Is 10)0 er lb); October 4, exceptional up to :12s per cwt (Is lOfd pe/ lb); feepteni)e: 21, 206 sto 208 s per cwt (Is lOd to s 10)d. per lb); September 20, 198 sto 202 s per cwt (Is - 9)d to l,s 9)d per b). Unsalted—October 4,220 s per wt (Is ll)d per lb); September 27, -08 s to 212 s per cwt (Is* 103,:d to Is o:3d per lb). Other qualities—October 4. 194 s to 202 s per cwt (Is 83d to l.s 9)d per lb). Canadian, creamery—October 4,204 s .0 208 s per cwt (Is 93d to Is 10)d per ii : September 27, 198 s to 204 s per :wt (Is 9)d to Is 93d per lb). Unmlted —October 4: 214 sto 218 s per wt (Is lid to Is ll'jd per lb) ; September 21, 208 sto 216 s *per cwt (Is did to Is lid ner lb): September 10,. 206 s to 210 s per cwt (Is lOd to Is ■Od per lb). Argentine, unsaltcd—-October 4,212 s to 216 s per cwt (Is 103 d to Is lid per •September 27, 204 s to 210 s per -wt (Is 93d to Is loid per lb); ..September 20, 198 s to 202 s per cwt (Is 9)d jo Is 9-0 d per lb). Other qualities—‘October 4,202 s to 208 s ner cwt (Is did to Is 10) t d per lb). Danish—Market slow. October 4, 240 s pe-r cwt (2s 1.3 d per lb); October 1, exceptional 242 s per cwt (2s Ifd per o); September 27, 234 sto 238 s per cwt (2s Id to 2s LVd per lb). September 20. 222 s to 2245-per cwt (Is 113 d to 2s per lb). Siberian—October 4,156 sto 176 s per ■wt (Is 43d to Is 63d per lb) ; September 27, 154 s to 174 s per cwt (Is 4)d to Is 6)d per lb) ; September 20, 156 s tc L74s peg cwt (Is 4d to Is 63d per lb). Cheese. Market quietly steady. Official quotations are: English.—Finest " farmers’, market firm. October 4,112 sto 116 s per cwt (Is to Is 0)cl per lb); September 27, 112 s to 116 s per cwt (Is to Is Old per lb); September 20, 108 s to 112 s per cwt (ll)d to Is per lb). Canadian.—Finest (coloured): October 4,94 sto 96s per cwt (lOd to 10)d per lb); October 4, white 95s to 96s per cwt (lOd to 10Jd per lb); September 27, coloured, 94s to 96s per cwt (lOd to 10)d per lb); September 27, white, 94s to 96s per cwt *(10d to 103 d Per lb); September 20, coloured, 93s to 94s per cwt (lOd per lb); September 20, white, 94s per cwt (lOd per lb). New Zealand!—Finest: October 4, coloured, 94s to 96s per cwt (10d to 103 d per lb); 0-tober 4, white.'9ss to 96s per cwt (lOd to 103 d per lb); September 27, coloured. 94s to 96s per cwt (lOd to 101 d per lb); September 27. white, 94s to 96s per cwt (10d to 10 ; ‘jd oer lb); September 20, coloured, ,91s to 92s per cwt (93d per lb); September 20, white. 92s to 94s ner cwt (91 d to lOd per lb). Estimated stocks of cheese on October 1 at London, Liverpool and Bristol were:. Canadian and American, 172.400 boxes; New Zealand and Australian. 35.970 crates, against 182,000 and 17,000 respectively for same time last year. Wool. Wool Sales.—Good demand for all descriptions continues, specially for fine crossbred and merino, and opening prices generally maintained. Values of faulty wool easier. Tallow. Tallow.—Spot market very firm, and impiovement has taken nlac-e in .forward trade. Present Quotations areMutton—Fine, 48s to 48s 6d per cwtfair to good, 45s 6d to 47s 6d per cwt • dark to dull, 43s to 44s 6d ner cwt! ?o ee ™ Veet and^or mixed. 47s 6d to 48s 3d per cwt; fair to good, 4os to 47s per cwt; dark to dull, 42s to 43s 6d per cwt. Mixed—Fair to good 44s 6d to-47s per cwt; dark to dull, 41s 6d to 4Fs 6d per cwt; gut, etc., 46s to 43s 6d per cwt. The Argentine is shipping at the piesent time three times as much frozen beef to the Continent as she is to England. Italy, France, Belgium and Germany took practically no frozen meat before the war, but markets havlng been created there has bad the eliqr-t ol keeping the English markets quite bare. Thus one is justified in anticpatnig that the buoyant level of prices will continue. ' * STOCK MARKET. ihc Farmers’ Co-op. organisation Society Ltd. report as follows: At Manaia on Tuesday, the 7th inst.. wo conducted , our usual fortniglitlv sale and our annual bull fair. Bulb; met with a ready sale at prices satisfactory to vendors. Dairy heifers were also of ready sale, and we have to report a good clearance throughout- the yards. YVo quote: Gra.de 2-year maiden bulls. 91 to 10 guineas,• 3-vear maiden bulls, .1.1 guineas; grade 3-vear bulls, 81 guineas; pigs, porkers £2 os. good weaners 25s 10 20s; no fat cattle came for ward; forward young cows, £3 to £3 15s; very forward, £5; ivories and boner cows sold well; goed yearling dersev heifers, £4; small good quality heifers £2 16s to £2 17s; small crossbred lioif ers, £1 8s to £2 2s; good dairy heifers, calved, £9 Dos to £lO 5s- good dairv heifers, £9 10s to £lO 10s; others. £7 10s to £9; more backward, £5 tc £7.