COMMERCIAL.

New Zealand Herald, Volume LII, Issue 16096, 9 December 1915, Page 3

COMMERCIAL.

♦ I: LONDON WOOL SALES. i. STRONG COMPETITION. By Telegraph— Association— 3 - London-, December 7. At the wool sales to-day 8899 bales were • offered, of which 4936 were New Zealand. t There was a good selection of New Zealand shpes, otherwise it was a miscellaneous lot. There was a good attendance, and strong competition by Yorkshire and United States buyers. Combing Merinos advanced 10 per cent, above the closing rates of November; faulty, 5 per cent.; 7 greasy scoured crossbreds, 7$ per cent. Shpes were quoted at par to id increase. , The manager of the Bank of New Zealand, Auckland, is in receipt of the followl J°g cablegram from the London Office :— t London wool sales : Strong market. AJI wools generally 5 to 10 per cent, dearer." ; WELLINGTON WOOL SALES. i 1 ' • OFFERING LARGER THAN LAST YEAR. I [BY telegraph.— association.] a Wellington, Wednesday. The catalogues for Friday's wool sales here total 23,451 bales, compared with 19,267 bales a year ago. RECORD PRICES AT SYDNEY. \ By Telegraph Association—Copyright. (Received December 8, 10 p.m.) Sydney, December 8. , At the wool sales to-day a further ad- . vance of 6 per cent, in prices was recorded. Comebacks realised Is Bd, another record. • whilst greasy Merino and super-wether wool brought Is B£d. LONDON MARKETS. , By Telegraph— Association.— London, .December 7. i i METALS. • Copper : Spot, buyers £77 ss, sellers £77 7s 6d; three months, buyers £77 15s, , sellers £77 17s 6d. Tin : Spot, buyers £165 10s, sellers £166; three months, buyers £165, sellers £165 10s. Lead : Buyers, £27; sellers, £27 15s. Spelter : Spot, £85; three months, £74. J Silver. 26 15-16 d. LUBRICATING OILS. i HIGHER PRICES INEVITABLE. Cable advices received in Auckland from ; New York indicate that the market for . all classes of mineral lubricating oils 'has seriously advanced. All grades of machine and engine oils have advanced to the extent of about 50 per cent, f.o.b. New • York cost. Leading refiners in the United States refuse to take orders covering machine and engine oils for shipment from New York prior to July, 1916. This is undoubtedly due to the fact that the new process of distillation is now being adopted by the leading refiners, whereby the lighter grades of machine and engine oils are being converted into motor spirits, coupled with the fact that , the Russian fields have been closed, and an exceptional demand set up in America for machine and engine oils for tranship- j i ment to Europe. At no time in the history of the world have there been such prices or shortages of this class of product,, which means that the New Zealand trade will undoubtedly see higher prices, not only in f.o.b. New York costs, but an increase in freight equalling 3d per gallon, as well as an increase in cost of exchange equivalent to Id per gallon. STOCK SALES. AUCKLAND. Messrs. Alfred Buck] and and Sons report: — We had a large yarding of dairy and store stock at Westfield on Thursday, December 2. There was a fair attendance, and almost everything sold. Best dairy cows made from £ 10 10s to £14, second quality £8 10s to £10, aged and inferior £5 to £7: empty cows, £4 15s to £7 17s. The advertised grown steers made from £11 6s to £16; two to three-year-old steers, £7 to £10 10s; yearlings to 18-monthe steers, £4 3s to £5 15s; heifers, same age, £3 17s to £4 10s; calves £3 5s to £2 16 a, small calves £1 5s to £1 15s. We held our usual monthly sale at Waiukn on Saturday, December 4, and had a fall ' entry of stock, which sold readily at ruling prices.. Dairy cows and heifers brought from £6 10s to £14, according to quality; empty cows. £5 5s to £8; fat cows, £8 10s to £10 17s 6d; two to 2i-year steers, £6 17s to £8 17s 6d; yearling to 13-months steers, £4 10s to £5 18s; heifers, same age, £3 15a to £5 ss ; calves £2 10s to £3 ss, smaller £1 10s to £2 2s, weedy 15s to £1 Is; bulls, £7 to £10 10s; porkers, £1 8s to £2 2s; weaners, 12s to 16s. At Pukekohe East, on Monday, December 6 w ® held a special sale for Messrs. Parry and Gerard Sutton. Dairy cow buyers were in attendance; competition was keen, and high prices were obtained. • Best cows £13 10s to £16, others £8 10s to £12; aged and empty, cows, £7 to £8 17a 6d. The two herds, comprising 81 cows, averaged £10 2s 6dCalves, £1 lis: bulls, £5 to £9. Yesterday at our weekly Westfield fat stock market we again had an extra heavy entry of beef, 613 head being penned, comprising 363 steers, 244 cows and heifers, 5 bulls. The yarding included many fines of extra prime steers. There was a steady demand throughout, last week's rates being rally sustained. Exporters were operating freely. Choice ox sold to £2. ss; prime, £2 2s to £2 4s; ordinary, £1 18s to £2 Is; cows and heifers. £1 15s to £2 3s; steers ranged in price from £11 to £24; cows and heifers, £6 to £14 10s. The highest averages for steers were 12 from Mr. C G. Robertson. Otaua, £17 5s lOd; 23 from Mr. R. Madill's Te Awamutu property, £16 19s sd; 82 from Messrs. Friedlander Bros, £16 8s Id: 8 from Geo. Hull Oteua, £16 3s 9d; 8 from Mr. W. I. Hunt. Te Kuiti, £17 9s 4d : two trucks from Mr. W. Scholium's Eureka property, £16 0s sd ; 16 from Mr. las. Potter Pukekawa, £16 Is 3d: 8 from Mr. W. Gray, Cambridge. £17 2s 6d: 18 from Mr. Geo. Booth, £16 2s Id; 11 from Mrs. E. M. Reid. Otaua, £16 Is 3d; 12 from Mr. J. Crawford. Otaua, £16; 20 from Messrs. R. and W. Gollan, Panmure, £16 16s; 12 from Mr. Dave Wallace, Mangore, £17 lfl; and 3 steers from Messrs. Gray Bros., Waiheke. £22 7« 6d. (This is a record price for Waiheke Island). There was a heavy yearding of sheep. Competition was ' erratic. In some instances values were slightly firmer, but generally there was little alteration from last report. Extra heavy prune wethers, £1 7s to £1 9s 6d: heavy prime, £1 4s 6d to £1 6s 6d; medium to heavy, £1 2s to £1 4s; unfinished. £1 to £1 3s: extra heavy prime ewes, £1 3s to £1 4b 9d; seed ewes, £1 «o £1 2s 6d; others, 17a to 19s 6d (2828 yarded). The veal pens were filled with fat and young calves. There is a keen demand for medium and light suckers of choice Quality, and prices were firmer. Young unfinished calves slightly easier: runners made up to £6 12s 6d: heavy suckers, £3 18s to £4 8s ; medium suckers. £3 10s to £3 17s, lighter £2 12s to £3 Bs, light £2 5s to £2 lie. small and fresh dropped. 3s to £2 (134 sold). Pigs were penned in large numbers, the greater portion being baconers and heavy porkers, which sold firmly at late hieh prices. Heavy empty sows suffered a further drop. Choppers. £3 to £5 10s. according to quality. . Heavy baconers, £4 5s to £4 15s. medium ' baconers £3 15s to £4 2s, light baconers £3 ! 8s to £3 14s: heavy porkers. £3 to £3 6s, medium porkers £1 lis to £2 19s, light - porkers £2 5s to £2 12s, lighter and unfin- 1 ished, £1 12s to £1 18s. weaners 10s to £1 23, : slips £1 8s to £1 16s (266 sold). Lambs ' penned in full supply, and sold freely. Best ' heavy, £1 Is fid to £1 3s 9d. good prime, ' 19s to £1 Is. lighter 16s 6d to 18s 9d. light < 13s 6d to 15s 6d, unfinished and stores 9s to 12s 6d (424 sold). i The New Zealand Loan and Mercantile ! Agency Co.. Ltd., report:— At Westfield Yards last. Thursday store and i dairy stock were penned in average numbers. Best dairy oows and heifers sold at from £8 10s ' to £11 17 6d; others £5 5s to £7 15s; empty cows, £5 17s 6d to £8 16s ; aged and inferior cows, £2 10s to £4 10s; bulls, £5 to £9; hoggets, £1 0s 3d. At Albert Yards last Friday, horses yarded in usual numbers and sold at late rates. ' Heavy draughts, £25 to £34 16s; medium, £17 10s to £27; light harness horses, £9 to £16; hacks, £8 to £18 10s; ponies, £4 to £8: On Monday at, Papakurs dairy cattle were penned in small numbers and sold at high rates. Best dairy cows and heifers, £8 15s to £14 109; others, £5 10s to £7 15s; aged ' and inferior cows, £2 to £4 ss; bulls, £6 6a to £14 14s. At Papakura on Tuesday we had a record yarding for the time of the year, 2357 head being penned. The market was a little easier in tone and with few exceptions the yards were cleared ,by auction or privately after- : wards. Grown steers sold at from £11 6* to :

£12i 17s 6 ?' no extra, big cattle yarded: 2to d-yeax steers, £7 17s 6d to £10 17s 6dv lT rhnEa J° 18 -B">nthß steers. £3 17a 6d to ±6, empty cows and heifers, £5 10s to £8 2s 6d; yearhng to 18-month heifers, £2 lis to £5 wLtfii ij '*? ext f* larg * numbers, sold at S^f^^Sfl. Cwß - £ * *** to £13 10,; At Westfiald . Yards fat stock sale beef was yarded in extra large numbers, and was of excellent Quality throughout. ThV> demand 'Zfif^Jr*" o *** *%? market was inclined to be a little easier. Oxen sold to £2 6s per 1001b; cows and heifers, £1 15s to £2 ss- " s }n ß ?° ld at fro ™ £11 10s to £21 15s; cows', ±6 5s t0.£15 Some of the averages were: d j % m ' M*t«>gi, 24 steers. £17 14s; B. » Heed. Waerenga. 24 steers, £17 Is 6d; Fried- ' ij e £r ß s° s - Surr y Farm, 32 steers, £16 7s £? : t • S ray - Cambridge, 8 steers. £17 la 3d; Jas. Scott Cambridge, 8 steers, £16 14s: .tucks Bros., Cambridge, 9 cows, £13 9s 6d--9 steers, very small, but extra well done, from the same vendor. £15 6s 6d; W. Henry ' Taupm, 16 steers, £16 3s 9d. Calves s*ere\ penned in large numbers, and sold aCimP~J ed „ rates. Runners sold at from £6/12s 53 to £ ° " B 6d; heavy suckers, £4 to £<Ll7s ; 6d, medium £2 Is to £3 7s 6d, light £1 2a to ±l 17s; small and fresh dropped, 4s to 16s. bheep were yarded in average numbers, Snd showed no improvement in prices. Best wethers sold at from £1 6s to £1 Bs, others £1A 8 to £1 4s 9d. A six-tooth wether shorn m the autumn, the property of Mr. T. J. B. ■ Stewart, realised £3, being bought by Mr. . T \ Baster. Ewes ' 18 3 6d to £1 3s 6d; hog- . ? etß ' £1 **» £1 3s Lambs, best £1 to £1 2s I SL. ot J? 8 t 1 !? Mi° 19 « 3d - Pi & 3 «re l penned m full numbers and showed a small improvement in prices. Heavy baconers v vi 8 »«- £o 5s medium £3 15s to £4 2s. light £ e 88 to £3 12s 6d: heavy porkers £3 7s to £3 16s medium £2 14s to £3 ss. light £1 « to £2 10s: weaners, 12S to 18S; slips, £1 2s to £1 13s. Messrs Dalgety and Co . Limited, report having held their usual weekly fat stock sale at Westfield yesterday: — Beef: A large yarding. Prices were on a par with late rates. Extra choice pens ol Prime ox sold at up to 465; ordinary prime ox 4 - 9 to 445; cow and heifer, 35a to 40s i Veal: An average yarding, which sold at .ate rates. Heavy runners made up to £7 12s 6d; light runners. £2 15s to £4 10s; suck- ! ers, heavy £2 4s to £3 4s, light 19s to 38s. I others 4s to 235. Mutton: An average yarding. There was ■no afteration in prices. Heavy shorn wethers made up to 28s 6d, medium-weight ditto 24s to 265. light and unfinished. 22s 6d ■ oo oj 9d ' ,? eav y prime ewes made up to 23s 6d, medium-weight 21s to 22s 6d light and unfinished 14s 6d to 18s 6d. Lamb: An average yarding. Extra heavy prime lamb made up to 21s 6d, mediumweight 16 s to 18s. inferior and small 10s 6d to 13s 6d. i Pork . : An * ver *ee yarding, which sold at „„ rates - Choppers made £4 8s; baconers. £3 to £3 15s; porkers. 34s to 51s. .10HNSONVILLE.[Br TELEGBAPH.—PRESS ASSOCIATION.] Wellington, Wednesday. At the Johnsonvillo fat stock sale there were good entries of prime bullocks and sheep, which sold as follows:—Prime heavy bullocks, £17 to £19; prime wethers, 24s 9d to 265; ewes, 21s 2d to 21s 7d; prime lambs, 16s to 19s; lighter, 12s to 15s 6d; veal calves, 27s to 38s 6d ADDLNGTON. [BT TELEGRAPH.—PRESS ASSOCIATION.] Christchprch, Wednesday. At the Addington live stock market there were smaller offerings of fat stock. Sheep and lambs were firmer, but beef was easier. Fat lambs recovered, several shillings a head in consequence of the short supply. Fat sheep showed little change. Store Sheep: Inferior two-tooth wethers, 7s lid to 9s 6d. fairly good two-tooth wethers 5s 9d to lis 6d. inferior two-tooth ewes 8s lOd to 12s Id. good 14a to 15s 3d to 17s 4d; good forward four and six-tooth wethers, 19s 3d to 21s; aged dry ewes, 7s; dry four-tooth ewes. 17s 6d; failing-mouth ewes and lambs. 13s 6d all counted: Merino ewes, 4s. Fat Lambß: Best, 20s to 23s 3d, lighter 15s 9d to 19a 6d. Fat Sheep: Extra prime wethers to 35s 9d. prime 20s to 26s 3d., others, 14s 6d to 19s 6d; extra prime ewes to 30s, prim© SOs 6d to 29s 6d, lighter 12s lOd to 16s; Merino wethers, 103 9d to 13s 9d. Fat Cattle: Extra prime steers, to £20, ordinary £8 10s to £11; extra prime heifers, to £17 10a. ordinary £5 15s to £9; extra prime cows, to £13 7s 6d, ordinary £5 10s to £8; price of beef per 1001b, SOs to 50s, extra to 555. Store Cattle: Yearlings. 275-, 15 to 18-months sorts £1 14s to £2 7s; 2-year steers, £3 10s to £4: two-year heifers. £3 10s to £3 15s 6d; three-year steers. £6 7s 6d to £6 12s 6d; three-year heifers, £5 Bs. dry cows, £1 15s to £7; dairy cows, £3 to £9 10s. Pigs: Choppers. 40s to 80s; extra baconers, to 965. heavy 70s to 80s, light 56s to 655; price per lb, 6id to 61d; heavy porkers, 37s to 445. light 30s to 355: price per lb, 6d; medium stores. 22s to 295, smaller 14s to 20s, weaners 3s 9d to 9s. BUBNSTOE. Ibt TELEGRAPH.—PRESS association.] Dtnedin, Wednesday. At Burn side to-day 176 fat cattle were yarded, with only a few pens of prima heavy cattle, the majority being medium weights. Prices were about 10s below last week's rates. Best bullocks made £16 10s to £18: extra to £20 2s 6d; medium, £13 10s to £15 10s: others, to £12 10s; best cows and heifers £10 to £11 las; extra, to £14; medium, to £9; others, to £7. Fat Sheep (2235 penned): A large yarding of fairly good , quality. The Bale opened with prices about Is below last week's rates, and the decline increased as the auction progressed, values being about Is 6d lower at the close. Best shorn wethers made 26s 6d to 28s 6d; extra to 325; medium, 22s to 255: others, to 21s; best woolly wethers, to 37s j extra, to 425; best shorn ewes, 23s to 255": extra, to 83s 3d; medium, 18s to 30s; extra woolly ewes, to 89s 6d. Fat Lambs: 175 penned, which sold under keen competition at prices about Is higher than last week. Best, to 235; extra, to 25* 6d; medium, 18s to 19s; others, to 16s. MARKET REPORTS. The ' New Zealand Loan and Mercantile Agency Company, Ltd.. reports as follows:— We submitted and sold extra large catalogues 01 hides, skins, and tallow on Tuesday, competition being ' keen for all lines offering at Isle rates. Hides: Market firm. Extra stoat ox. 91 d to 10id: stout, Sid to 9td: medium, 9d to 9fd: light, BJd to B{d: cows, best lines. 81d to 8!d; good, 8d to Sid: inferior, 7id to I'd: kips. 8d to Bid; calfskins, best, to lOd; good. Sid to 9|d: cut and damaged. sld to 6iid: stags. 6Jd to 6i<L Sheepskins: Market firm. Best butchers' skins, picked, to 13s 6d: good lines, 9s 6d to lis 6d; medium, 7s 6d to 83 3d; small, 4s 6d to 5s 9d; lambs' pelts. Is 8d to 2s 6d; country dry and woolly skins, best lines, to 9id per lb; good, 7id to Sid; damaged, 3d to 6}d. Tallow: Market firmer. Best mixed to 26s 6d: good. 24s 6d to 25s 6d; inferior, 22s to 23s 3d. Bough fat. lid to Isd per lb. Bones. £5. Horsehair. Is to Is 36 per lb. Wool: In bags and dumps selling freely. Fine crossbred, 12d to 1.3-' d; coarse crossbred. lOid to Hid; log-stained crossbred. 9d to 9td: bellies and pieces. 6id to 91 d. j The New Zealand Loan and Mercantile Agency Company, Ltd.. reports: — Oats: Good sales are being made at Ss lOd to 3s lid ex store. As market in South Island has advanced, we expect higher prices here shortly. Wheat: Price has advanced slightly. Good whole fowl wheat. 5s 8d ex store. Bran: Steady.sales at £5 15s to £6 ex store Pollard: Very scarce. Price now £8 15s ex store. Maize: Supplies very short, and market has advanced 3d per bushel. Now quoted, i 5s ex store. Barky: Very slow of sale. Nominally 4s 9d ex store. Chaff: Good quality meets a ready demand. Supplies rather short- Prime Southern. £9 5s to £9 10s ex store. Local chaff about 10s per ton less. Potatoes: Seed is still being inquired for but is practically unobtainable. Good new table potatoes. £9 per ton. Fungus: In short supply. Price has advanced: 7id is now obtainable for good dry samples. Manures: All manures are in good de- I mand. Basic slag. £5 15s per ton: Lowe's superphosphate, £5 5s per ton: Calcutta bonedust. £8 5s per ton; blood and bone manure. £8 per ton; Seychelles guano, £5 53 per ton. Messrs. Dalgety and Company. Limited "Port having held their usual weekly sale of hides, skins, tallow, etc., on Tuesday as ' under:— ** Hides: Market firm. Butchers' hides, well ' flayed and conditioned, extra stout, to 10§d- : medium 9Jd to 9»d; light. B*d to 9id; cow", well flayed arid conditioned, to B|d; wet con- ', ditioned 8d to Bid; dirty, scored, or ; sloppy hides, at lower rates; damaged and . cut, 6d to 7{d; stags, 4id to Sid; kip. 7id to 9d ; calf, best lines to 9id; good, 8d to 3d; cut, damaged, and meaty, 5d to 6d. ] Sheepskins: Market firm. Dry woolly ■ skins, to 12s; medium, 6s 6d to 8s; small - ? 8 d !Si, 43 r'' dry ] I -*' Is -? 2. according to length of wool. Skins with weevil eaten 1 and weather stained pelts at lower ratesT J********* Uet 10« to 12sM '■ to Uto 2?3d° 78S **• d ; . Tallow: Market firm at late rates, with > J,™ l^! 1118 - prices. Best in shipment casks. ' 28s 6d; in 4cwt casks, good. 23s to 265: I seconds. 18s to 21s; tins, SOs to 245. ao- ! cording to quality. J Cowtails, Is per dozen. Horsehair; Tails, Is 7|d; mixed. Is to Is sd: nane. 7d to 10dBones: Good dry, £5 per ton. Wool: Market firm. Competition is very < keen for seeks and dumps. We quote bright l crossbred, 12 J d to 14d; cotted and dingy, 9fd , to lOld; medium. ldid to 12d; pieces, 7d 1 to lOid; locks. 4id to 6|d. ( ' J