COMMERCIAL NEWS.

Hokitika Guardian, 6 January 1921, Page 4

COMMERCIAL NEWS.

addincton stock market. ! AN EASIER MARKET. I I (By Telegraph.—Special to Guardian.) i CHRISTCHURCH, This Day. Messrs Matson and Co. report as follows regarding their stock sale yesterday:— .. , Store Sheep—There, was a small yarding, with a decided drop on last sales prices. Best wethers, 22/- to 23/-; a , few extra to 27/-; others from 14/6 to 21/-; merino wethers from 13/7 to 14/2; I owes and lambs all counted from 13/6

to 19/6. All classes lof store sheep were hard to sell in face of continued dry weather and unsettled state of the financial position. Store cattle—A small yarding and very lifeless sale, mostly odd lots. 3year bullocks made £9 to £lO/5/-, one small Hue. .extra good, realising £ll/17/6; 2-year old steers £6 to £3; yearlings £2 to £3/15/6; one good line of herefords made £5. Store cows £4 to £7; one good line made £6 2s 6d. | Beef ..An average yarding comprising , a fai,r proportion of cow beef. All

sorts e xeept best steers and heifers were easier than last salt. 'lnferior cows and heifers were neglected. Best steers to £24/10/-; prime £lB to £22/5/-; medium £l3/1,0/- to £l7; lighter and unfinished £lO/5/- to £l3. Graziers were not operating. Prime cows £;l3/5/-, to £l6/5/-, medium £9/15/-, to £l3, inferior £6/f5 - to £9/5/- ; best heifers £l3 to £l6/12/6; medium £lO/15/- to £l2/15/-; light and unfinished £9/5/- to £lO/10/-. i Fat Sheep—Comparatively a small yarding and freezing buyers were not operating. The market opened easier than last sale, and eased further to ward the end. Best wethers to 36/6, .prime 31/6 to 3-f)9; lighter 27/6 to ,31/2; finished and inferior 25/- to 27/-. | Ewes showed the same proportion of ■ decline. Lambs were also considerably

easier. HIGH COMMISSIONER'S REPORT. WELLINGTON, January 4. The Department of Agriculture *as received the following cablegram, dated 31st. ult., from the High Commissioner, London: — Meat.—Trade is very quite for Homekilled. Continental supplies are heavy. Unusually warm weather is affecting conditions and reducing values, specially" of pork, wliich is selling down to Is 2d per lb. Average prices are: Beef Is od., mutton Is 6RL, lamb Is 9d per lh. The trade in imported meat is slow.

Butter. The market is quiet, buyers only operating from hand to mouth. Tlie Government ration is not being fully taken up. The retail price is still 3s Id per 11). Supplies are good, and ail the prospects are favourable. Irish creamery is quoted at £l6 t# £l7 per cwt. (2s 1 O',d to 3s Old per lb). Cheese. —The spot demand is better foV free, Canadian in preference to Government stocks. The ration price remains at Is 8d per lb. retail. Canadian white is quoted at £7 10s to £7 16s per cwt (Is 4d to Is 4i/d per lb) coloured at £7 16s to £8 per pwt. (Is of to Is 5d per UO.

Hemp. The Manila market is quiet and steady. October-Decenibcr shipment, is quoted at £56 per ton, buyers Decefnber-February and January-" March nhipnrients at £55 per ton, buyers. Febtrunry-April shipment, has l>een sold at £55 10s per ton. New Zealand hemp is nominal, high points spot £54 per ton. Deceniber-Februnry shipment at £52 per ton, and fair at £32 and £53 per ton respectively.