COMMERCIAL.

Hawke's Bay Tribune, Volume XII, Issue 238, 20 September 1922, Page 7

COMMERCIAL.

LONDON STOCK EXCHANGE. London, Sept. 18. Consols are quoted at £56. The Stock Exchange is gloomy owing to the Near Eastern situation. Most quotations are marked down, but there is little selling, except speculative securities, like tobacco and. South African mining shares. BRADFORD WOOL MARKET. London, Sept. 18. The Bradford wool market is unchanged. Vsers arc very cautious.— (A. and N.Z.) WAIPUKURAU STOCK SALE. The various brokers report as under on the TVaipukurau sale held yesterWilliams and Kettle. Ltd.—s empty cows £2 13/, 4 3-year Hereford steers £6, 8 2-year Hereford steers £-1 5/, 1 Jersey heifer £B, 1 springing heifer £5, 1 springing cow £6, I cow £2. Dalgety and Co., Ltd.—3l 2 and 3year Hereford cross steers £l. H.B. Farmers’ Co-op Assn., Ltd.— 1 dairy cow £7 10/, 1 fat cow £4, 1 fat bullock £7 7/6, 5 Hereford bullocks £6, 8 bullocks £6 14/6, 6 do. £5 18/6, 3 do. £4 4/6, 11 steers £3 10/. 1 do £5 7/6,, 5 do. £2 19/, 8 bullocks £5, 10 3-year heifers £2 9,6, 8 steers £2 18/, 6 do. £3, 3 do. £2 2/, 23 Hereford steers £4 18 P.A. steers £5, 26 P.A. bullocks £6, 78 bullocks £5 3/ 28 P.A. bullocks £6 1/. 30 fat ewes £1 3 2, 30 do. £1 1/3, 15 do. £T 1/, 100 m.s. hoggets 15/. NAPIER HIDE SHEEPSKINS, AND ODDMENT SALE. The monthly sale of sheepskins, hides and oddments was held yesterday, the usual buyers being in attendance. Good hides, if anything, were easier than last sale, medium and heavy ox showing a slight decline. Oow hides were on a par with last sale, whilst calf-skins were down 2d per lb. Country hides sold at satisfactory prices. The bidding for sheepskins was erratic, but prices were well maintained, and on the average a slight increase on last sales prices was shown. Bag wool, as usual.sold well. Tallow was easier, flic bulk of the offering being handed in. Sheepskins.—-Halfbred, half to fullwool 6pl to 7|d, short to full-wool sjd; three-quarter-bred. 4 l-4d to 7d and and 3 3-Id to ; crossbred. I 3-4 d to s|d and Id to 4d; crossbred coarse 3£d to I 3-4 d and nil; hoggets. 2|d to 6 l-4d, damaged 2d to 4|d, pelts $d to 2d. lambs 3 1 Id to 6 l-4d. seedy Id to 4|d dead 3 l-4d to sd. double fleece 2 l-4d to 3|d.

Hides.—Ox : Heavy freezer 8 7-Bd, butcher nil. country 5d to 7|d, medium Jsd, 6gd to 7gd and nil ; light, 7£d. 7|d, od, to /’-d: cut. 7d. sd, sfcl; slippy and inferior, nil. nil, 3 7-8 d to sjd. Cow: Heavy, nil, 6Jd, nil; medium, nil, 6|d, 6d; light, nil. nil, 3d to 6d; cut, nil, niL slippy and inferior, nil, nil, Bull stag nil. nil, 3d to 3 7-8 d; slippy and inferior, nil, nil, 2|d to 3gd. Yearlings: Nil. 7|d, 6£d. 7|d; cut, nil, nil, nil, s|d. Calf: Superior. 61b to 101 b, nil. lOd to 11 Id. 4d; medium to good, nil, nil, 3|d to 7jd; superior, under 6l’b. ml, lO.id, 11 l-4d to ll|d; medium to good nil, nil. 10d; cut, nil. nil, 4d to 7]d; . slippy and inferior nil, nil, -Id to 7jd. Tallow: Tins, lid to 2d; rough, Id. Horsehair: 1/1. Horsehides 16/6 each. HIGH COMMISSIONER’S REPORT. The Department of Agriculture has received the following cablegram, dated 16th instant, from the High Commissioner for New Zealand, London :— MEAT. Market remains firm for mutton and lamb. Beef market steady. N.Z. mutton.—Light weight 7 l-4d to Bd. medium 6 3-ld to 7 1 -4d, heavy weight 6<l to 6 3-4 d; ewes, 5d to 6d. N.Z. lamb.—Best quality, light weight 11 3-ld to I/, medium to 11 3-4 d. heavy weight lOd to 10}d ordinary lljd, second class quality lljd. N.Z. beef.—-Ox hinds 4 7-Bd, fores 3 l-4d. Chilled beef.—Hinds Bd, fores 4d. BUTTER. Demand has fallen off considerably, but holders are firm, and prices have advanced slightly. Official quotations are:— New Zealand.—Salted, 214/ to 218/ per cwt.; unsalted, 224/ per cwt. Australian.—Salted, 204/ to 208/ per cwt.; unsalted, 212/ to 216/ per cwt. Argentine.—Salted, 204/ to 212/ per cwt. Irish.—Salted, 198/ to 204/ per cwt.; unsalted, 212/ to 216/ per cwt. Danish.—Small business doing at 225/ to 227/ per cwt. French.—2l6/ to 226/ per cwt. Canadian.—>2oo/ to 204/ per cwt. CHEESE. Market quiet but steady. Official quotations are:— English.—Finest farmers’, 108/ to 112/ per cwt. < anadian.—Coloured. 88/ to 92/ per cwt.; white. 88/ to 94/ per cwt. New Zealand.—Coloured, 88/ to 90/ per cwt.; white, 90/ to 94/ per cwt. Stocks of New Zealand cheese on hand at the Surrey Commercial Dock on September 15 was 150 crates against 4793 crates on same date last year. The s.s. Maiinoa is discharging New Zealand produce this week. WOOL. Sales closed on Friday. The attendance was good throughout and competition strong, specially from Home trade, with good support from the Continent. though Germany bought less than usual. Merino offerings were relatively small, and met with strong demand, closing about 5 per cent, to 10 per cent above last sales’ rates. Fino crossbred also hardened, closing about 5 per cent, to 7j per cent, dearer. Medium crossbred occasionally in special demand up to 10 per tent, higher, closed generally par to 5 per cent, dearer.. Coarse crossbred generally showing no change. Slipe in strong request for blanket trade, and with scoured closed about 5 per cent, to 10 per cent, dearer. Average closing prices are:—6o-64’s (merino) 1/4 to 2/1, 56’s (super halfbred) 1/3 to 1/8. 50’s (halfbred) lOd to I 48’s (fine crossbred) 9Jd to lOjd, 44-46’s (medium crossbred) 7d to BJd, 36-40’s (coarse crossbred) 6|d to 7jd. The, total offerings consisted of 128,000 bales, of which 105,000 colonial and 12,000 South American were sold. Continental buyers took 42,000 and American buyers 3000 bales. The next London series commences on October 10.