COMMERCIAL.

New Zealand Herald, Volume LIX, Issue 18171, 17 August 1922, Page 5

COMMERCIAL.

THE LONDON MARKETS. HIGH COMMISSIONER'S ADVICE. [by telegraph.—own cobrespoiJmjnt.] WELLINGTON. Wednesday. The Department of Agriculture has received the following cablegram, dated ' August 12. from the High Commissioner for New Zealand, London :— Meat.—.Mutton continues in fair demand at unaltered prices. There ia a good demand for lamb at former prices, except for heavy-weight, which is in competition with light-weight mutton. Beef supplies are small. New Zealand mutton: lightweight Cd to 6Jd, medium sjd to 6Jd. heavy-weight 4id to 6Jd; ewes 4d to 4id. New Zealand lamb: Best quality. . light-weight lljd, heavyweight lojd, ordinary 10»d; secondclass quality lOld. New Zealand beef: Hinds 4Jd. fores 2Jd. Chilled beef: Hinds 6|d, fores 3Jd. Butter.—-Market is steady, with more in- ? UU i y * .Official quotations are:—New Zeala?d: Unsalted, August 12. 206s per cwti salted, August 12. 192s to 196s per cwt; exceptional 198s per cwt; August 5, 190s to laosper cwt; July 29, 200s to 210 a per cwt. Australian: unsalted, August 12. 194s to 196s per cwt; salted. August 12, 190s to 192s per cwt- August 5, 188s to 192s per cwt j July 29. 196s to 200b per cwt. Argentine: August 12. 19«s to 200 a per cwt, August 5. 192s to 198s per cwt: July 29, .200s to 206s per cwt. Dutch: August 12, 204 ato 208 a per cwt. Irish: Unsalted, August 12. 198s to 202s per cwt; August 5, 200s to 204s per cwt; creamery, August 12, 186 a to 194s per cwt; August 5. 185s to 192s Per cwt; July 29. 192s to 196s per cwt. JJanish: August 12, 204s to 208s per cwt; August 5. 202s to 2049 per cwt; July 29, 206s to 210s per cwt. ~c b eese.~Market is quiet, and prices are slightly weaker. Official quotations are:— English: Finest farmers', August 12, 108s to 116s per cwt j August 5, 110s to 116s per cwt; July 1 29. 110s to 117s per cwt. Canadian: August 12, coloured 84a to 88s per cwt, white 88s to 90s per cwt; August 5. coloured 86s to 88b p«r cwt. white 88s to 92s per cwt: July 29. coloured 86s to 90s per cwt. white 88* to i)2s por cwt. New Zealand: August 12, coloured 81s to 84s per cwt, white 84s to 860 per cwt; August 5. coloured 83s to 86s per cwt. white 87s to 90s p*r cwt: July 29, coloured 83s to 86s per cwt. white 86s to 90s per cwt. Australian: Auguat 12. coloured 80s to 82s per cwt; August 5. coloured 76s So 80s per cwt; July 29. coloured 76s to 78s per cwt, white 82s to 84s per cwt. _ Hemp.—Manila market is firm, with more inquiries. "J" grade. August-October shipments, sold up to £52 5s per ton. "Or", is quoted at £34 10s per ton and value of August-October shipments. VH" is £33 15s per ton. New Zealand market is firmer, with _ more inquiry from consumers, but practically no business has been transacted. High-points. August-October shipments, are quoted at £33 ner ton; fair £31 10s. Stocks in London on July 31 were 311 tons, as comwitli 564 on January 1. Wool.—Bradford market, ia quiet, but firm. Present dictations ore*—Tons, 64's. Merino, 4s 8d; 56's (super halfbredJ, 2b 7d; 40's, coarse crossbred, prepared. Is lid. FARMERS' TRADING CONCERNS. SOUTH AUCKLAND AGREEMENT. [BY TELEGRAPH.—OWN CORBESPONDENT.] * HAMILTON,-Wednesday. A reciprocal agreement has been arrived at between the New Zealand Co-opernUve Dairy Company and the Farmers' Co-opera-tive Auctioneering Company, the two largest co-operative concerns operating in the South Auckland Province, whereby the former has agreed to give up its merchandise department forthwith, the Auctioneering Company taking over certain stocks in Auckland. The Auctioneering Company has agreed to afford dairy suppliers special facilitiea for dairy stock finance on easy terms, while each company will allow the other the use of its postal arrangements when practicable, FOREIGN EXCHANGES. A. and N.Z. LONDON, Aug. 14. The folio wins rates on foreign exchanges are current to-day, as compared with the • cabled quotations on August 8 and par:—

STOCK SALES.

AUCKLAND. Alfred Budclfind and Sons, Ltd., report:— During the week we held sales at Westfield, Tuakau, Turua, Pokeno, Cicvedon. neiensvilito, and Kunciman. The demand and values for all classes remain the same as at late sales. Beat dairy cows £15 to £19, good £12 to £14 10s, seoond grade £8 to £11, others £2 10s to £7 10s; best sprinting heifers £12 to £16 10s. good heifers £8 to £11 10s, smaller £4 to £7 10s; empty coro £1 to £2 6s; 3 to 4-year-old steers £3 to £<, 2 to 3-year-old £2 .to £2 17s, yearling to £1 sa* to £1 18s; yearling hellers, #£ 10s to £4 10a j Jerseys, £4 10s to £7 15s; calves, 10a to £1 10b; fat cows and heifers, £n 10s to £6 ss; fat steers, £4 10s to £7 7s 6*i. ewes in lamb, 16s to £1 5s 3d; fat ewes, I> to £1 4s 6d; hoggets, lis to £1 Is 6d; wethers. 16s 6d to £1 5s 9d. '-. jYesterday at our weekly Weatfield fat stock market our supply of beef totalled 541 bead, comprising 425 steers. 11l cows and heifers, and five bulls. The quality again was first-clasa. There was a steady demand throughout at fully last week's quotations. Extra choice ox sold to £1 4s, choice and prime £1 tor £1 3s ordinary and plain 17s 6d to 19s 6d; roiiKh beef, 10a to 13s; prime young cow and heifer beef, 18s to £1 Is: ordinary cow. 14s to 17s. Extra heavy prime steers ranged, in price, £10 Ids to £12. heavy prime £8 to £10 10s. lighter £6 15s to 17s 6d light £5 10s to £6 12s 6d. small and unfinished £3 to £5, heavy prime young, cows und heifers-£» Xjs to £7, lighter pnme £4 10b to £5 10s, lkht £3 10a to £4 5»; other cows' £1 7s 6d to £3 6s. . The highest.average for steers w»s for a line of 46 at, £1012s The sheep pen? were moderately filled. Ihere was again a keen demand, and all classes met with a further advance in values- No extra heavy prime wethers were Heavy prime wethers £1 12s to £1 14s 9d, medium to heavy prime £1 9a. to «ei Us 6d liaht £1 7s to £1 8s 6d. unfinished £1 Os 6d to £1 6s. Ewes were scanty, and those sold were of ordinary quality. Best £1 2s to £1 sb! others IBs to £1 Is, 6d. (1548 sheep sold.) Lambs were also in short Bttppboand found ready buyers. Heavy prime £1 3s 6d to £1 ss6d. lighter £1 to £1 3s 3d,, light 17s to 19s 6d. unfinished 14s to 16b 6d. (202 sold.; Fat and young calves were penned in average numbers. Competition was steady and vlhiea were firm at last week's proved Tates. Runners made from £2 10§.w£ 3 I 2B ' heavy vealerß £3 to £4 9s, medium £2 08 to £3 6s light £1 la to £2 4s, small and frest dropped 8s to 18s. (202 sold.) Piswere yarded in large numbers. There was I steady demand throughout, values being alisbtly easier for all classes. Choppers. £2 lftf to £4 18s; extra heavy banners £4 to £4 Sa medium to heavy £3 6s to £3 15a; §L 4' porkers to light Ueontn. £2 IBs to £3 el; light to. medium porkers, £1 14s to £2 10s: store pigs, *X W* to *2, slra.ib to £1 2s 6d; weanere, 10s to 14s. (466 sold.) The New Zealand Loan and Mercantile Agency Company, Ltd., report:— We held sales during the, past week at Weatfield. Warkworth, Papakura, Pukekohe, and Tuakau. The demand, for dairy heifers and cows of good quality has been keen, other heifers and dairy cows selling at late quotations. Store cattle were yarded in average numbers also at late values. Wo auo te:—Best dairy cows and heifers close to nrofit. £13 to £20; others, £8 to £12 15s; backward springers, best £7 to £11; others, £4 to £6 15s; aged cows and inferior heifers, £1 10s to £3 15$; bulls, £1 2s 6d to £4; empty cows, 15s to £1 15b; yearling heifers, £1 10s to £3 10s i yearling Jersey heifers, good quality £6 to £7 7s 6d; yearling steers, 15s to £1 2b 6d; 18 months to 2-year steers, £1 6a to £2; 21 to 8-year steers, £2 2s 6d to £2 15s; !Ji to 4-year steers. £3 to £4. ; ; ■<;.■■■.; At Whitford on Saturday we held a clearing sale on account of Mr. T. W. Manifold. There was a good attendance, and we report a good sale. Dairy cows to £12; yearling Jersey heifers, to £6 15a; gig horse, £17. - On Tuesday at Hopai Road, Hauraki Plains, we held Mr. w. Dunwoodie's clearing sale. Buyers were in attendance from all surrounding districts, and we report a most successful sale. Dairy cows to £14 ss; farm horses, £22 to £30; hack, £7 10s; sows in young, 2i guineas to 5 guineas; yearling heifers. £3 Is. ' •. At Westfield fat stock market on Wednesday beef was penned in average numbers, selling under steady competition, prices being firm at last week's quotations. We quote:—Extra choice oxen to 24s per 100lb.; choice and prime oxen, 19a to 23s per 1001b.; rough and plain oxen, 14s to 18s per 1001b.: young cow and heifer beef, 17s to 21s «r 1001b; other cow beef, 12b ta IBs per 1001b.; no extra heavy prime cattle were penned; heavy prime steers, £8 10s to £9 17s 60; medium prime steers, £7 10s to £8 7s Bd; light prime steers. £6 to £7 7s 6d; unfinished steers, £3 17s 6d to £5 17s 6d: young cows and heifers, £4 15a to £6 17s 6d; other 'cows, £2 5a to £4 10s. Sheep were penned jp less than average number* Competition was very keen, and we report a rise of 2s to 3s per head. Extra heavy prime wethers to £1 14s 3d; heavy prime wethers, £1 lis pa $X 13a ; medium da. £1 Va 6d to £1 10« i

8d; light dp., £1 4s 6d to £1 7s 3d; small and unfinished wethers, 19s to £1 4»; no extra heavy or heavy prime ewes were penned; medium and light prime ewes, £1 to £1 4s 6d: email and inferior ewes. 16a to 198 6d; lioggets in small numbers sold read- »? at advanced rates; heavy prime hoggets, f 1 ll ®£ t ?,* l ",? B ' 9d - v medium do-, £1 Is 3d to £1 3s, 6d; light d0.,-18b 9d to £1 1b; small and unfinished hoggets, 15s to 18s 6d. Calves were penned in large numbers, selling at late quotations. Runners, £2 5s to £3 la; heavy vealers, £2 10g to £2 18s; medium I da, £1 16s to,£2 8s; light do., £1 Is to £1 15s; smaller, 12s to £1; small, 4s to lis. rigs were also penned ax large numbers, soling readily at late quotations. Choppers, ' », J° r 1£l8; heavy and medium baconers, [ *.& bs to £3 18s; light baconers and heavy . porkers, £2 lis to £3 ss; medium and light porkers, £1 14s to £2 10s. Dalgety and Co., Ltd., report *« follows on their fat stock sale at Westfield yesterday: — , Beef.—A medium yarding, prices being on a par; with last week's rates. Extra choice ' ox sold to 245. per 1001b. choice and prime 20s to 225, plain and unfinished 15a to 18s; young cow .and heifer beef, 17s to 21a per 1001b. unfinished 13s to 16s. Calves.—A very small yarding; prices about the eame. Runners to £3 10s, medium vealers 38s freshly dropped 5s to 10s. Sheep.—A small yarding mot with a ready sale, prices being Is 6d to 2s per head better. No extra heavy wethers yarded. Prime wethers 34e, good wethers 27s to 30s, medium 23s to 26e 6d, plain 19s 6d to £1 Is; heavy prime ewes 265, others 18s 6d to 245. Lambs.—A small yarding, with prices about tho same. Best medium-weight lambs 24s 6d good 20s to 235, unfinished 13s 6d to 18s 9d. Pigs.—A large yarding, with prices at loot week's rates. Heavy baooners £3 10s to £4 medium £3 to £3 ss, porkera £2 10s to £8, good 35s to £2 ss, stores and slips 355, extra good wsanors up to 30s, good £1 to 25s 6d. others 10s to 15s. . HAMILTON. The Farmers' Co-operative Auctioneering Co., Ltd., Hamilton, report:—At Hamilton on Tuesday we held our weekly stock sale. There was a sm*li yarding of sheep and cattle and a good entry of both fat and Btore pigs. Values showud a little alteration from renent sales, the improvement in beef being maintained, Btore pigs also selling freely Although a consignment by rail of nice quality ox beef failed to reach owner's reserve at the opening of the sale they were later disposed of at £7 17s 6d to £8 10s. Heavy prime fat cows made to £6 Is; small but good quality 3}-year store Bteers, £i 2s 6d; store cows, £1 to £2; a pen of extra well done yearling Shorthorn heifers made £4; other yearling heifers, £2 7s to £8; kill able hoggets. 21s; light baooners made to £3 Is; good porkers to light baconers. £2 10s to £2 17s; medium porkers, £2 2s to £2 8s; light and unfinished. 26s to 393; slips, 22s to 275; weaners, 15s 6d to £1; sow and young, £ 5 7s 6d t fresh-dropped calves brought 8s; best dairy cows and heifers. £6 to £8 10s; others from £3. MANAWATU. Abraham and Williams, Ltd. report on their stock sale held at Feildipg on Friday:—A good entry of fine quality fat sheep met 'with keen competition. A medium entry of all clauses of store sheep sold freely, hoggets especially. In dairy oattle there waa an exceptionally heavy yarding. Good quality heifers and cows sold well, but late and inferior etuff was hard to quit. A small entry of fat cattle met fair competition. In store cattle a fair entry met good competition. We quote: Fat sheep—Wethers, 24s od to 265; ewes, 17s 6d to 20b 2d. Store sheep—Best ewe hoggets, 19s 3d to 21s sd; wether hoggets. 16s to 16s lid; black face hoggets. 14s lid to 17s 6d; four-year ewes in lamb to Romney rams, to 19s 7d. Cattle— Fat cows. £3 16s to £5 6s; fat heifers, to £3; fat bullocks, to £6 15s; store cows, 28s to 87s; forward cows. £2 to £2 lps; empty storo heifers, 86s to £2 15s; yearling heifers, £2 to £2 15s; Jersey yearling bulls, to £6 10s; beat dairy cows. £7 to £10; late calvers. £4 to £6 10s; springing heifers at drop.. £8 10s to £15 10s; late oalvers, iS4 10a to £7. ADDINGTON. [BY TELKGRAPH.—PRESS ASSOCIATION.] CHRISTCHURCH. Wednesday. At the Addington market there were large yardings of nearly all classes of stock. Store Sheep.—Good mixed sexed hoggets made 16s 3d to 17b 2d, ordinary 13s to 15s lid. good halfbred 15s 4d to 15s Bd, cull 13s Id; crossbred wether hoggets 13s to 14s 6d, cull lis 6d to 12s 3d; crossbred ewe hoggets 17«, threequarter-bred 18s 6d; 4 and G-tooth hal.bred wethers, 19b lid to 20s 3d, 4, 8 and 8-tooth wethers 18s 3d, threequarterbred 4 and 6-tooth 20a, good 2 and 4-tootu halfbred 19s lOd; good halfbred 6 and S-tootu ewes in lamb 29s 9d, halfbred 2-tooth 26b 8d to 80s; aged crossbred ewes in lamb 160 9d to 17s 6d, failing mouthed 18s 6d to 20s 6d. 2. 4, 6 and 8-tooth 21s 6d. __ Fat Sheep.—A very heavy yarding. The rnaj-ket was down fin National week rates 1 by 5s per 100. Extra prime wethers 34s 9d, prims 84a 6d to 29s 6d. medium 21s 3d to 245. light 19s to 21s 6d; extra prime ewes 28s 3d, prime 21s .to 245, medium 18s to 20a 9d, light 15s to 17s 9d-. extra i>rime hoggets 26s 6d, prime 21a to 24a, ordinary 18s 6d to 20s 6d. Fat Cuttle.—3so were yarded. A good sale throughout. Good beef averaged about 35s with a few special prices up to 37s 6d. Values were:—Extra prime steers, £16 10s to £17 15b. prime £13 15s to £16, medium £10 to £13 10s, light £6 to £9; extra prime heifers £13, prime £8 10s to £10 15d, ordinary £5 2s 6d to £8; prime cows, £8 to £10 10s, ordinary £6 to £7 15s. Vealers. —A small yarding of poor quality with an advance on late rateis. Runners, £4 68; vealers, £2 10s: small veal calves, 5s upwards. Store Cattle.—Th,e demand was better than for some time, and prices showed an improvement. Three and four year, old , steers £5 7s 6d to £5 10s, two year, £3 6a to. £4; three-year-old heifers £4 10s, twoyear £3 7s 6d, yearling £1 Is 6d to £2; fairly good cows, £2 10s to £3 10s. Dairy Cattle.—An overflow yarding and a substantial drop in values. Good heifers, £10 ss; good third calvers £8 to £9 15s, medium £6 10s to £7 15s; old cows, £2 5s to £3 ss; good fourth calvers, £13 10s. Fat Pigs.—Porkers were in over supply. ' The demand for baconers was fair. Choppers, £3 10s to £7; light baconers £3 5s to £3 16s, heavy £4 to £4 10s, extra heavy £5, average price per lb. 6d; light porkers £1 18s to £2 ss, heavy £2 10s to £2 las. extra heavy £3, average price per lb. 6}d to 7Jd. Store Pigs.—An unusually large entry. ' The demand waß veiry moderate. Prices were nearly on a par with late rates. Good medium stores 36s to 455, small 22s to 355,- . weaners Iss 6d to 20s.

Aug. 14. Aug. 10. Par. New York .. 4dol 46tc 4.45} 4.866 Montreal . .. Idol 46Jo 4.47 4.866 Paris .. .. 55£r 15o 66.05 25.225 Rome . . .. 97}lire S>8i 25.225 Berlin .. .. 3700m 3925 20.48 Stockholm .. 17kr 16.95 18.159 Christiania .. 2fikr 77ore 25.85 18.159 Copenhagen .. 20kr 72ore U0.67 18.159 Calcutta. 1* 3 l-16d 1b 3 ll-16d 2s Hongkonc .. 2s 7d 2a 7d — Yokohama ... 2a l}d — 2e lid 2aOJd