COMMERCIAL.

New Zealand Herald, Volume LVIII, Issue 17755, 14 April 1921, Page 3

COMMERCIAL.

THE LONDON MARKETS.

HIGH COMMISSIONER b ADVICE.

[BY TELEGEAPH.—PBLSS ASSOCIATION.]

WELLINGTON. Wednesday. In a cablegram dated London! April 9, the High Commissioner says: —

Meat.—Trade is dull for all descriptions. English mutton prices have declined to Is 6d per lb., but lamb is firm at 2s 3d. New Zealand lamb from America is Is Id and new season's Is 2d to Is 3d. For cut lamb there is no demand at Is. For New Zealand mutton there is a lair demand for light weight at Sid to 9d. but the demand is limited for heavy-weight at Bjd. Prices for Argentine ohiilod beef are: Hinds Is. fores 7d, Argentine frozen lid and 7Jd lor best quality. There is very little d'oma-nd tor New Zealand beef. (Jificial quotations axe hinds 6id tores 4jd. Butter.—Official quotations are New Zealand £13 6s to £13 10s per cwt. (2s 4id to 2s 4jd per lb.). Australian £12 8s to £12 12s l2s 2Jd to 2s 3d). Argentine £12 4s to £12 12s (2s 21d to 2s 3d). Danish £14 14s to £14 10s (2s 6}d to 2s 7d>. The committee's prices given last week (viz: New Zealand £13 12s. Australian £13 4s, Argentine £12) will remain in force uptil April 15. They are the flat rate for first and second class quality in the case of Australian and New Zealand salted and unsaJted. In the case of Argentine, business is fair, and the retail price remains about 2s 6d lb. Other average prices are: English £17 5 3 (3s OJd), Irish, new. £15 10a 1 2s 9id) ; old, <U 10s to £12 5s 12s OJd to 2s 2Jd). Cheese.—A fair demand and prices easier, especially for white. Current quotations are: Canadian, white, £7 6s to £7 16s per cwt. (1 8 3!d to Is 4Jd Per lb.); coloured. £7 18s. £8 4s (Is 4}d to Is 63d); New Zealand, white. £6 16a to £7 2s (Is 2Jd to Is Bid): coloured £7 16s to £8 2s (Is 4jd to Is s}d); Australian, white. £6 16s to £7 (Is 2Jd to Is 3d); coloured £7 14s to £7 18s (Is 4id to la 4Jd). Casein.—The market is -weak and prices again lower. Nominal quotations are lactic. trench £72 15s per ton, Argentine £57 4s. Kennet: French £89, New Zealand and Australian £63 12s 6d Hemp.—The Manila market is dull and easier "J" grade. April-June and MayJuly shipments sold yesterday down to £38 per ton. January-March shipment is wanted up to £42. Offers are scarce. The New Zealand market is quiet Nominal sellers quote: Highpoints spot £44. April-June shipment £42. fair £42 and £40 respectively. Honey.—The market is very quiet and prices nominally unchanged to about 80s ?** , c <Bid per lb -> fo * fil *st- down to 4os (ltd) for inferior.

STCOK SALES.

AUCKLAND.

Alfred Buckland and Sons, Ltd., report: — At our weekly Westfield eal© on Thursday there was a fair entry of dairy cattle, good cows and heifers selling freely. Inferior sorts and 6tore cattle* dull of sale. Beet dairy cow s made from £18 to £20 10a, second 3rade cows £12 to £17, others £7 to £11, aged and inferior £2 10s to £5; best springing heifers £15 to £18; good heifers £10 10s to £14. smaller and backward £3 10« to £8 10s; empty cows, £1 to £2 10s; oalves, 12s to^ 1 10*; young ewes in lamb, lis to 15s. lhere was a small yarding of cattle at lurua on Friday, and all changed owners at ruling prices. Fat cows and heifere, £4 10s to £8 10s; empty cows. £1 10s to *£3 • springers, £6 10s to £11; calves, 15s to £1 OS; eighteen-months in-calf heifers, £3 10s At the Haymarket last Friday we had a small yarding of horses. Lorry and heavy spring-cart horses made from £36 to £45 aged draughts £22 to £31, light harness sorts £8 10s to £16, gig ponies £4 to £12 10s \esterday at our . weekly Westfield fat stock market we again had an extra heavy entry of beef, a total of 635 being penned —whicit number is approaching a record— comprising 601 steers and 134 cows and heifors. There was a steady demand, out the supply was in excess of requirements, and values Buffered a furtAer drop, the decline being more pronounced as the sale proceeded. Extra choice ? z if '£. *° £ }. 18s ' choice and prime £1 10s to il 16s, ordinary and plain £1 3s to £1 Bsprime young cow and henfer beef £1 2s to beef 10s to 14s. Extra heavy prime steers 1 i^ n U £1( ? t ? £17 ? s 6d - >avy prime ±14 to £16 15s, lighter prime £12 to £13 15s, light, prime £8 10s to £11 10s, small and unfinished £4 os to £8. ' Extra choice young prime cows and heifers £8 10a to £11,-heavy w ? **£ heifers £7 to £8 10s light fat cows g t° £6 15s, other cows £2 10s to £4 15s. ine highest averages for steers were: 7 from ?"• ?'• Reed. Waerenga, £15 14s Sd; 21 from Waitotara, £15 8s 2d; 14 from Mr. Jan. laylor, Bardowie, Cambridge, £16 4s 3d • 8 from Mr. W. Wright. Otaua. £15 2s 6d; 30 from Mr. J. Vercoe, Te Puke, £14 lis 2d; 9 from Mr. I W Hunt. Te Kuiti, £13 16s 3d; 16 from Mr. Jas, McNicol, Te Aroha, £13 J2B 6d: 8 from Masterton, £13 8s 9d; 16 from Mr. E. Parsons, Waitotara, £13 la 10d--10 from Mr. Joseph Slater. Pukekawa, £13 : 16 from the North, £11 17a 6d; 9 from Mr. Hagaa, Onewhero, £12 9b 6d; 23 from Mr rhos. Muir Onewhero, £12 2s; 12 from Mr. W. J, Hyde, Clevedon. £11 15s; S from Mr. Jnp. Kmkead, Rangiwahia, £11 14s; 8 from Mr. L. Hogwood, Wairamarama, £10 7s 6d; 12 from Mr. Jno. Matheson. Panakiira, £10 6s 8d; 42 from Fordell, £10 5s 9d bheep continue to come forward in extra large numbers and values again receded. Extra heavy prime wethers 19s to £1 l s 9d, heavy prime 16s 6d to 18s 6d, medium to heavy prime 14s 6d to 16s, light fat wethers 13s to 14s, unfinished wethers 9s 6d to 13sextra heavy prime ewes 14a to 16s; one pen of extra special ewes from Mr. Wilfred Johnstone, Papatoetoe, made £1 Is; heavy fat ewes 12s to 13s 6d, lighter fat ewes 10s to 12s, other ewes 6s 6d to 9s 6d (3290 sold). The 438 lambs were also easier ,the demand being very weak. Best lambs 15s to 18s, hghier 12s to 15s, unfinished 6s to 10s. Fat and young calves were penned in less thtan average numbers; competition was keen and values improved slightly on last report. No weaners yarded. Heavy veaiers £3 12 s to £4 14s, medium £2 15s to £3 M)s. light £1 15s to £2 10s, small 16s to £1 10s, fresh dropped 5s to 12s (105 sold). Pigs ■were again yarded in Krge numbers. Competition was steady for baconers at last week's values. Porkers again receded in prices. Btore pigs are still neglected; no choppers yarded. Medium to heavy baconers £4 lis to £5 3s. light baconers £4 to £4 Bs, heavy porkers £3 to £3 7s 6d. medium Porkerß £2 5s to £2 15s. email and light porkers £1 Ss to £2, weaners and small slips 4s to 9s (406 sold).

Dalgety and Co., Ltd., report as follows on their fat stock sale at Westfield yards: — Reef.—A big yarding, which consisted to a large extent of half-finished cattle. These wore almost unsaleable. Prices fell considerably from the previous week. Extra choice ox 38s, prime 35s to 30s, unfinished 28s to 20s. Cows in very little demand. Extra 255, prime 20s to 15s. Sheep.—A full yarding, wethers showing a decline of about 2s per head, ewes being about equal to last week. Extra wethers 21s, prime 19s to 17s, others 15s to 12s 6d; ewes, extra good 16s 6d, good 12s 6d to 15s, others 12s to 9s 6d. yarding, prices decidedly better than last sale, especially for veaiers Runners £5 10s to £4 10s. veaiers £4 to £2 10s, fresh dropped 10s to 5s Pigs.—Fair yarding. Baconers held their own, but porkers were lower. Baconers £5 to £4, choppers £4 to £3, porkers £3 10s to £1 10s, stores hard to sell. Lambs. —Small yarding. Prime sold well, others hard to quit. Prime 20s to 16s, others 12s 6d to ss. <

i The New Zealand Loan and Mercantile Agency Company. Ltd.. report: — We held sales during the past week at Warkworth. Westfield, and Puk\kohe. The demand for store cattle still remains very dull, Dairy cows end heifers close to profit are selling well; backward springers are dull of sale. We quote:—Best cows and heifers close to profit £15 to £23. others £9 to £14 ISs; good backward Bpringers, £9 to £13; inferior cows and heifers, £5 to £8 15a; builis, £1 to £3 10s; empty cows. £2 to £3 ss; calves, beet £1 5s to £1 15s, others 10s j upwards: yearling heifers, £1 15s to £2 ss; heifers suitable dairy purposes, £4 to £6 10s; I yearling to 18-months steers £2 to £3 ss. j 2-year steers £3 12* 6d to £4 10s. 2i-year to I 3-year steers £4 10s to £5 12s 6d. 3i-year! steers £5 15s to £6 10s. Beef at fully Westfield prices. We held a clearing sale on account of , Mr. Hy. Watkjnscn at Papakura on Friday, and report a most successtul sale At Westfield fat stock market on Wednesday, beef wis again penned in large numbers. We have to report a further drop in prices of from 50s to 40s per head. We quote: | Extra choice oxen to 58s per lOOlbj prime 30s to 365. rough and inferior £} 2s to £1 ! 9s; heifer beef, £1 5s to £1 12s 6d per 1001b; cow beef, £1 to £1 7s tid per 1001b; steers sold at from for best £12 to £15 ss, others j £7 to £11 17s Hd. rough and inferior-fatted £o upwards; heifers, £4 10» to £9; cows, £5 to £7. Sheep were penned in large numbers, prices being easier, especially for anything inferiorly fatted, which dropped considerably in prices:—Heavy prime wethers 18s to £1 2s 6d, medium 15s to 17s 9d, light 12s fid to 15s 9d. small and unfinished lis unwards: heavy prime ewes lis 6d to 12s 9d, medium and light 9s to lis. Ca!v"es came forward in large numbers, showine an improvement on last week's prices. Runners, £4 10s to £6 ss; heavy vealers £4 5s t" £4 IPs, medium £2 18s to £3 15s, lijrht £2 to £2 14s. Fmall 15s to £1 15s, fresh, dropped 6s, Pigs again came forward in Inrn-e numbers, baconers remainii? firm at last week's values, porkers being easier. Heavy baconers £4 Ifis to £5 15s, medium £4 fis to £4 15s; light baconers and heavv ■Dorknrs £5 10s to £i, medium porkers £" to £S 10s. Store pigs were ynrded in small numbers and "ere not wanted, competition being very dull

WATKATO

The Farmers' Co-operative Auctioneering Company, Ltd-. Hamilton, report a s follows on the Waikato stock market:—Beef has been fairly plentiful, and values much on a par with last report, prime ox making from 33s to 375, prime cow 25s to 30$. For mutton the market ie steady, and not oVer-supplied. Very few lambs are The feeding value of- the later rape crops has been practically nil. and most of the stock so fed has

found its way back to the store pens. There ; is perhaps a slight improvement to report in I 6tore Heifers in call in » mild degree are the snbject of inquiry, also calves, although as far as the latter are concerned it has not been reflected in competition at the yards. As regards store sheep, while values have not reached high standards, competition has on the whole been brisk, and good yardings of sheep have been disposed of at what must be considered fairry satisfactory rates. There has been considerable importation of dry sheep from southern districts, and the fact that Waikato, notwithstanding the dry period through which it has passed, can absorb them is strong testimony to its capabilities. Lambs in particular are drawing good competition. The market for pigs has not altered since our last report. \alues at the yards work out at about 64d. W 0 quote:—Bullocks, heavy prime £11 to £14 15s. medium £9 to £10 10s; cows, heavy fat £8 os to £10 2s 6d. medium £4 10« to £6 10a; bullocks, 3i-year-old» £7 to £8; cows, fresh-conditionsd £2 10s to £4 10s. stores 15s to £l 15s; steers, 2}-year-old £4 15s to £5 15s. 2i-year-old mediurn £3 10s to £4 yearlings £2 15s to £4; heifers, yearlings £2 16s to £3 10s. 25-year-old, r.w.b.. £6 to £8 10s, 16-montbs. r.w.b., £4 5s to £5 Jse; calves, best 30s to £2. medium 17s 6d to 255, small 5s to 12s 6d : dairy cows. beat, at profit, £11 to £16. second quality £6 10s to £9 10s. wethers, prime 18s to 225, medium 15s to 17 6 6d; ewes, prime 17a to 21*; wethers stores, 4-tooth 13 s 6d to 15s, 2-tooth 10s to 12s : ewes,,'stores 6s 6d to 9 3: lambs, shorn, best 9, to 12s. medium 6 S 6d to 8s %.' ,« maJl 4 , s *° U 6d; *»=*• baconers £3 to £4 10s. porkers £1 10s to £2 ss. slips 15 s to £1 5s weanere is to 12s: horses, heavy draughts £40 to £55. medium £30 to £35 *£, £ J£ to £25 ' ha raess £10 to £17. haaks ±5 to ill. «

ADDING! OX. [BY TtLEGEAPH. PHESS ASSOCIATION.] CHHISTCHURCH, Wednesday. There was a large yarding of all classes of stock, rhe downward trend appeared to be arrested in all sections, excepting beef, which sold weakly. Store Sheep.— An overflow yarding, mostly ewes, which met a shade better inquirv. Lambs and wethers were not wanted. Good forward lambs made 8s 6d to lis 6d, ordinary 3a 6d to 7a 3d. cull Is 6d to 2s 3d. Good 2tooth ewes 16s, 9d to 255, ordinary 2-tooth 9s to 14s 6d. good 2. 4, 6, and 8-tooth lis 6d to 14s, ordinary 2, 4. 6, and 8-tooth 5s to 10s 9d, good 4-year 10s to 16s Sd, 4 and 5year 3s 9d to 8s lOd, aged Is 7d to 5s 3d. Good 4 and 6-tooth wethers 9s 6d to lis 3d ordinary 4 and 6-tooth 6s 6d to 8s 3d, good '2-tooth 7b 9d to 10s 6d, ordinary 2-tooth 6s to 6s 6d. Fat Lambs.—42oo were penned. There was a shade better tone. Heavy-weight lambs brougnt 5Jd and lighter 5Jd to s}d. Extra prime lambs made 265, prime 183 6d to 20s 9d, medium 16s to 18s 3d, light and unfinished 12s 3d to 15s 9d. Fat Sheep.—Extra prime wethers made 245, prime 19s 6d to 235, medium 16s 3d to 19s 3d, inferior 12s Id to las 9d. Prime ewes 15s 9d to 17s ud, medium 13s to 15s Sd, light 10s to 12s 9d, light and unfinished 5a to 9s. Fat Cattle.—All classes were easier in price, values receding about 20a per head. The bulk of the beef eold at 22s 6d to 27s 6d per 1001b. Extra prime 17s 6d, prime £18 10s to £16 ss. medium £8 10s to £12 10s, light and unfinished £4 5s to £7 15s. Extra prime heifers £13, prune £7 to £l 0 10s, mediurn and inferior £4 7s 6d to £6 10s. Prime cows £6 5s to £9. medium and inferior £3 7s 6d to £5 17s 6d. Vealers.—A lifeleßS demand. The price for runners was £5.

Dary Cattle.—An active demand for serviceable cows. First calverß £14 ISs. Third and fourth calvere £9 10s to £17. Good springing heifers £7 10e to £15 15s. Inferior cows £2 10s.

Store Cattle.—A poor yarding. Few ■were sold.

Fat Pigs.— A, shade better demand. Choppers £4 to £6 103. Light basoners £•'. las to £5 10s, heavy £6 to £6 ss, extra heavy £6 10s. Averago price per lb 8d to 84dHeavy porkers £2 15s to £i 10s. Average price per lb 9id to 10} d. Store Pigs.—Good stores £2 10s to £2 13s. medium 37b 6d to 48s. small 18s to 30s, weaners 7s to 12s.