COMMERCIAL.

Hawera Star, Volume XLVIII, 18 October 1924, Page 8

COMMERCIAL.

LONDON GRAIN MARKETS. BY CABLE—PRESS ASSOCIATION—COPYRIGHT. LONDON, Oct. 16. Wheat cargoes have firmed Is to Is 6d on stronger American and Canadian advices, combined with good United Kingdom and Continental enquiry. U a reels are in good demand, and have advanced 6dto Is 6d. The spot trade is very slow. Foreign sorts aie about 6d dearer. Flour is quiet and unchanged. Oats are firm. Peas and beans are quietly steady. Sugar is unchanged. THE PRICE OF GOLD. LONDON, Oct. 16. The price of gold is 92s 4d per ounce. BRADFORD TOPS QUIET. LONDON, Oct. 16. The Bradford tops market is quiet. There is slightly more enquiry, hut at lower prices. Sixtv-fours quality is quoted at 78d, sixties at 62d, fifty-sixes at old, fifties at 39d and fortv -sixes at 30d. CANTERBURY MARKETS. (by TELEGRAPH —PRESS ASSOCIATION- ! CHRISTCHURCH, Oct. 17. The grain produce markets are very dull. There are very few offerings of potatoes, and in any case the quantities are insignificant, comprising generally five-ton lots. The usual experience of | some growers in holding" quantities in ) anticipation of a sky-high end of the season market is absent this season. Current offers are up to £5 os on trucks. Operators, however, are scarcely done with the old until they ask for the new. Some forward business has taken place in next year’s tubers at from £5 to £5 10s a ton f.o.b. sacks in. There is general agreement that a larger area has been planted, growers not anticipating a .recurrence of the Victorian importations. The Navua left for Auckland yesterday with a small consignment of 780 sacks from Lyttelton, and probably less than this quantity from ,'fimaru." Oats are done for this season. There has been a heavy sowing of Algerian oats, hut this has little hearing on the prospective crops, as the feeding off will be heavy. However, observations j point to the fact of a fairly substantial 1 1 area being sown in oats. Some forward | j business for Garton’s is taking place at | j from 3s lOd to 4s a bushel f.o.b. sacks iiu, equal to 3s 2d to 3s 3d on trucks. Chaff is firm at £7 15s on trucks at country stations. There has been a little wholesale business in cocksfoot at up to 12£d per lb for standard seed. Most of the cowgrass offering is of mediocre quality. For good up to lOd per lh is available. Ryegrass is inclined to ease, holders of stocks being influenced by the impetus given to growth by the weather and the consequent prospects of a good yield. NEWTON KING, LTD.’S, REPORT. At Eahotu, on October 16, we had an overflow yarding of cattle, and report a very bright sale, practically the whole entry changing hands at’ the rummer. Quotations: Good quality yearling Jersey heifer fawns £6 14s to £5 4s, dark coloured do. £3 6s to £3 10s, well-grown yearling Jersey cross heifers up to £2, good yearling Shorthorn steers £3 6s, smaller do. (Shorthorns and Hoi.steins) £2 to £2 17s 2year steers £3 17s 6d, fat heifers £7 f 6d, fat cows (heavy) £7 16s, light do. £o 18. S 6d to £6 15s 6d, forward conditioned cows £3 10s to £4 10s, young store cows to £3 Gs 6d, boner cows at late rates, 2-year empty Jerse.v heifers £3 Is, Shorthorn do. to £2 10s, pedigree Holstein hulls to £ls 15s gi ade Jersey hulls to £B. The springes heifers yarded were mostly Shorthorns, and sold from £3 10s’ to £5 store pigs 355. 5 LONDON REPORTS. The New Zealand Loan and Mereane t^y. enc , Y Co., Ltd., have received •he following cablegram from their uoncton house under date, loth inst.: ‘New Zealand Dairy Produce.—Butter •hoice.st salted. 224 s to 226 s per ewt: jivievt hut ( i;m. Cheese, 92s to 94s pm “ut; slow.” Messrs Dnlgetv and Co., Ltd report having received the • followimcablegram from their London house ruder date of the 15th inst. -.—‘‘Rutter: Jinoe our last report prices are 4s pet •wt. higher. CfVtese: Since our last renort prices are Is per ewt. lower.” ITe Bank oi Now Zealand nrcditeo department lias received the following advice from its Louden office undet date October 15:—‘‘Tallow continueIn active demand, and prices have at! can red Is fid per ewt.” .DaL'etv and Co.. Ltd., report hav.ng rev rived the following cablegram ! rom their London house under date f 15th instant:—“Tallow.—975 casks neied. 900 casks sold. Good demanc ior ail descriptions. Since our last re ;m:t prices are Is fid per ewt. hiphei cn th? average. We quote : Fine matton ols fid to ;>2s. beef 51s. low mutton -14 s 3d per ewt.” SHEEPSKINS. Dalgetv and Co., Ltd., report hnvin; received the following cablegram fron their London house under date of tin 15th inst:—“Sheepskins.—On aeconn of the election, the sales have bee postponed until November 6.” MARKET REPORT. The Farmers’ Co-op. Organisation Society report, as follows: At Wnverlev on Friday, the 17th inst., we held our fortnightly sale and also our anmiai hull fair. We had an exceptionally heavy yarding, including 50 hulls 48 of which were sold under I Lie hammer. We report an excellent sale. We quote: Weaner pigs. 235, 25s to 2Gs: heavy bay gelding, £4l Ids'; horse, gig and harness, £2l; aged hack. £9 10s ; fat and forward shorn cwps. 31s fid: shorn 2-tooth wethers, 25s Id: fat and forward wethers, 345; pedigree Jersey yearling hulls, 124 to .U4gns; grade 2-vear bulls to £10; low conditioned, £7 to £9; yearling hulls, £5 to £fi; fat bullocks, £11; fat cows. £7 5> to £7 10s: forward condiitoned cows.] £3 10s to £5; works and boner cows at hit" rates; 2-vear steers, £4; 4-year bullocks, £5 12s; 5-year bullocks, £(■• 2s fid to £fi 10s; good yearling Jerscv .heifers, £3 17}- fid to £4 14s: others tc £3 1.0 s; Jersey cross yearling heifers £2 2s to £3; small ditto, £1 10s to £2 Tn dairy pens: Jersey cows in milk £lO ,10s to £l3; good Jersey heifers £1 010 s to £ll 10,s; more backward sorts. £5 10s to £6 15s. At Ha worn, on Thursday, the Ifitl inst.. we conducted our usual fort nightly sale and had an exceptionally heavy yarding, yearlings coming for ward in largo numbers: bulls also mei a ready sale. We quote: Weancr pigs 18s to 2fis; stores to 295; sow and litter, £5; woolly fat hoggets, 38s fid Oil account of Mr E. A. Washer: 2 year Shorthorn bulls, 2(i and 30gn.s: yearling ditto, 124, 18 and 22gns; besi 2-year Jersey hulls, 1G to 18gns; good 11 to ISgns; others, 9 to lOgns: low conditioned, 7 to Bgns; yearling bulla.

to Sgns; fat Hereford and P.A. cows, 5 14s to £7 14s; crossbred ditto. £5 to i 15s; fresh conditioned paddock cows, t to £5 ss; works and boner cows at ite .rates; yearling steers, £3 4s; 2-year ;eers, £4 6s; best quality yearling Jer?y heifers, £5 12s to £6 2s; good, £3 s to £4 14s; Jersey cross yearling eifers, £3 to £3 7s 6d; small and low ondirioned, 35s to £2 15s. In the airy pens heifers showing quality omul ready buyers at prices quite satsfactory to vendors, 70 hear! being sold inter the hammer. \Ve quote: Coves, eeontl cal vers, £lO 10s; best Jersey eifers, £l4 5s to £l4 Iss; good ditto, JO 10s to £l2 15s; others, £9 to £10; it ore backward, £6 to £5 10s. IEAT MARKET ANTI PROSPECTS. A letter just received bv the New ien land . Meat Producers’, Hoard from :a representative on the Continent ontains interesting information relnrtcr to the condition of the meat m-ar-'ft- The letter is dated Alienist S, 924, from Famhurg, and contains the ol owing:—During July prices for live attle have remained about the same ’’ during Juno. Sheep advanced lightly. Pigs advanced steadily from ho middle of the month. Good supdies are coming forward from inland rodueers. During the summer months lie import of live cattle and frozen neat has dec-lined. Agrarian inerests are now agitating for a turniver tax on the import of frozen men:, t m thought generallv that they u ill mt he successful, as it would tend to ueraa.se the prices of meat out of prolortion. The low rate of meat conmmption is receiving serious at-ten->ion from the Department of FcoHh vho will use every means to keep wires down in order to make a meat list within reach of the masses. A subsequent communique--, deals vith conditions in South America, inter alia it says:—Considerable mini--ners of live cattle hare lately been •hipped to Europe, though there is a ikelihood of less being , sent for some months owing to the greater quantity A grass fed c-attle available in Europe it this season of the year. Values for store steers are well maintained, though breeding cattle are in less request and values are lower. There is still a good demand for hoggets at high prices, though there is every probability that they will he cheaper as this season’s la,mb crop readies the market. The native papers published lengthy notes the other - day regarding the shipment of New Zealand sheep and cattle for the forthcoming international show here, when I hope they will worthily respond to the good name of New Zealand stock, and fig- I ure well in, the prize list. There is no use sending middling animals here, as such are not wanted, though real good beasts, he they either sheep or cattle, are likely to bring satisfactory prices. The season’s sales of pedigree cattle bred in the country have been very disappointing, as you will see from the Review, and importers of pedigree hulls are likely to have a disappointing trade. PIG INDUSTRY. Dealing with the prospect for the pi" industry on the Continent; the writer says; The advance in'prices o-f pigs during the last week V nuite remarkable, especially considering the time of year. Last Monday’s market in Berlin were well supplied; 9500 of all grades were offered and nearly all sold. Prime pigs were sold up to lOid lb live weight; for extra prime this price was refused. The import of frozen pork from U.S.A. is considerably less during summer.