COMMERCIAL.

New Zealand Herald, Volume LX, Issue 18355, 22 March 1923, Page 5

COMMERCIAL.

LONDON MARKETS.

QUIET DEMAND FOR BUTTER.

[by TELEGRAPH. —OWN CORRESPONDENT.] WELLINGTON, Wednesday. The Department of Agriculture has received the following cablegram, dated March 17, from the High Commissioner for New Zealand, London:— Meat.—The market is very quiet. New Zealand lamb meets a small demand. Chilled beef is in shorter supply. There is very little New Zealand frozen beef about, and quotations are nominal. New Zealand mutton. under 641b, 9d; under 721b, 7 id; over 721b. 7d. New Zealand lamb, .best quality. Is Old to Is Old. with occasional eales reported up to Is Id; ordinary, Hid; Canterbury seconds, Hid: Canterbury ordinary, 10fd. New Zealand beef: Ox fores, 3sd: ox hinds, sd. Chilled beef: fores. 3Jd; hinds, 6}d. Butter.— market is very quiet, ftew Zealand, salted, finest. March 17, -04s to 203s per cwt; March 10, 205s to 210s per cwt : March 5. 208s to £12s per cwt; unsalted, March 17. 203s to 210s per cwt; March 10, 210s to 212s per cwt{ March 3, 212s to 214 a per cwt; other qualities, March 17, 176s to 202s per cwt. Australian, salted, finest, March 17. 198s to 202s per cwt; March 10, 200s to 2049 per cwt; March 3, 2003 to 204s per cwt; unsalted. March 17, SOOs to 204s per cwt; MaTch 10, 202s to 206s per cwt: March 5, 204s to 206s per cwt; other qualities, March 17, salted, l&Os to 196» per cwt; unsalted, 190s to 198s per cwt. Argentine, March 17. 180s to 196s per cwt; March 10, 184s to 194s per cwt; March 3. IMb to 196s per cwt. Danish, March 17, 212 ato 214s per cwt; March 10. 210 a to 216s per cwt; March 3, 224s ocr cwt. Cheese.—The market is very firm. New Zealand, March 17. coloured, 148b to 150s per cwt; white, 146s to 148s per cwt; March 10. coloured, 142s to 144s per cwt; white, 140s to 142s per owt; .March 3, coloured, 136s to 140s per cwt; white. 134s to 138s per cwt. Australian, March 17. coloured. 138s to 142s per cwt; exceptional, 146 a per cwt: white. 140s per cwt; Maroh 10, coloured. 136s per cwt; white, 151s per cwt. Shipments of New Zealand produce arrived at Liverpool this week by the Port Darwin, Kent, and Suffolk. Australian shipments from February 17 to February 28 total 84.396 boxes of butter and 3285 crates of cheese. Hemp. Manila market is quiet and easier. "J" grade, March-May and AprilJune shipments sold down to £35 10s, "G March-May shipments quoted at £57 10s per tnr. 7'He Vow Ze.nland rrarket i« quiet at about quotations already given. Fair grade. £31 15s. Stocks of New Zealand on hand at February 29 we'e 292 tons, against 211 tons nt the same time last year Wool.—The sales continue without materia change in prices. Competition, if anything, is slightly more general. The pedes will close on March 23. instead of March 28. . m „ ~ . Fruit.— market is firmer. Supplies of English apples are decreasing, and improved prices are bein-r maintained for imported. Washington Spitsenburg. 12s M ! to 14s per box: Washington Rtnymnn'a Wine«ap, 12s 6d to 14s per box: Oregon Newton, 15s 6d to lon per box. Californinn Newton. 15s to 14b per box. Cape of Good Hope Pears are arriving in good condition, and selling freely at 4s to 6s per box of 18 to 28.

LONDON WOOL SALES.

HARDENING TENDENCY.

Australian and N.Z. Cable Association. (Reed. 7.55 p.m.) LONDON, March 20. At the wool sales to-day a good selection of all classes met with strong, 'general competition. Buyers were very keen, and there was a splendid tone with a hardening tendency.

WHEAT MARKET. Australian and N.Z. Cable Association. (Reed. 7.5 p.m.) LONDON. March 20. Wheat.Cargoes are firm, and occasionally advanced, owing to increased Continental demand, due to improved exchanges. Parcels are firm but quiet.

STOCK SALES.

AUCKLAND. Messrs. Alfred Buckland and Sons, Ltd., report:— During the week we held sales at Westfield, Pukekohe. Pokeno apd Runciman. There was a large yarding at Pukekohe and average entries at the other yards. Beer and grown steers are easier in P"ce, other classes unchanged. Dairy cows and hoofers, £12 to £17 10s for beat: others. £3 10s to £10 10s; very forward four and a-helf and five-year-old steers £5 to £6 2s 6d; four to four and a-half-year-old steers, £4 to £4 15s; three to four-year-old steers? £3 5s to £4; eighteen-month to two and a-half-year-old steers. £2 8s to £3; yearlings £2 to £2 7s; good calves, £1 10s to £2; other calves, 10s to £1 8s; empty young cows. £1 10s to £2; store cows v £1 to £1 15s; eighteen-month to two-year-old in-calf heifers. £2 10s to £6, according to breed and quality: fat stoers. £5 to £7 10s; fat cows and heifers, £1 15» to £5 ss. There was again a record entry of pigs at Pukekohe and prices were about equal to those realised at Westfield the day previous (764 sold). Yesterday at our weekly Westfield fat stock market our supply of beef numbered 695 head, comprising 434 steers, 244 cows and heifers, and 17 bulls. There was an improved demand and prime ox oeef was better worth" by fully 10s head. Other classes unchanged. Extra choice ox sold to £1 4s per lOOlb: choice and prime ox. £1 1« to £1 3s; ordinary and plain ox, 17s to 19s; prime young cow and heifer beef. 17s to £1; ordinary cow beef, 13s to 16s; rough beef, 5s to 10s; heavy prime steers ranged in price from £9 10s to £11 (no heavy prime steers penned); liehter prime steers, £7 5s to £9; light prime steers. £5 5a to £7: unfinished and small, £5 10s to £5; extra heavy prime young cows and heifers, £5 10s to £6 15s; heavy prime young cows and heifers, £4 to £5 ss"; lighter, £3 to £3 15s; other cows, £1 to £2 15s; bulls. 15s to £3 ss. Sheep again came forward in large numbers. • Prime mutton was slightly firmer. Plain and unfinished sheep sold without alteration. Heavy prime wethers, £1 13s to £1 15s; medium to heavy prime wethers, £1 9s 6d to £1 12s 6d; light prime ard unfinished wethers, £1 7s 9d to £1 9s 3d; small unfinished and store wethers, £1 to £1 0b; heavy prime ewes, £1 6s to £1 9s 6dj lighter fat ewes, £1 3s 6d to £1 5s 6d; other ewes, 15s to £1 2s 6d (2039 sold). Lambs were also penned in extra large numbers. Fat lambs sold readily at last week's values. Unfinished were lower in price. Heavy prime lambs,, £l 7s to £1 9s; lighter prime. £1 4s to £1 6s 6d; light prime, £1 Is to £1 3s 9d; unfinished, 15s to 18s .'fid; Email stores. 10s to 14s fid (940 sold). Pat.and young calves sold under steady competition at values on a par with last week's market. Runners brought from £2 Is to £2 ss; heavy vealers. £2 to £2 10s; medium vealers, £1 63 to £1 7s; light vealers, 18a to £1 4s; small and fresh dropped, 5s to 16s (224 penned). Rough calves, 10s to £1 3s. Fat pigs came forward in more than average numbers. Competition was good, although values were lower. Choppers, £1 15s to £3 Is; heavy Daconers, £3 12s to £4 3s; medium baconers. £3 to £3 8s; heavy porkers and light baconers, £2 10s to £2 18s; medium porkers. £2 3s to £2 9s; light and unfinished porkers, £1 8s to £2 Is; stores, slips. 16s to £1 6s; weaners, 6s to 15b (779 sold).

Dalgety and Company, Limited, report having held their usual weekly sale of fat stock at Westfield. Beef.—A fair yarding. Competition was dull, though in some cases for extra good, last week's prices were exceeded. On the whole there was practically no change. Extra choice ox to £1 8s per 1001b; choice prime, £1 Is to £1 2s; ordinary and plain ox, ITs to 19s; prime young cow and heifer to£l; second quality 12s to lGs. Sheep.—A fair yarding of extra prime sheep. selling well. Extra heavy wethors, £1 16a 3d; prime wethers. £1 13s 3d to £1 14g; medium prime. £1 12s 9d; light and unfinished, £1 5s to £1 8s; heavy fat ewes, £1 5s to £1 Os 9d; light f*t. £1 to £1 4s. ~ _ Lamb.— average yarding. Heavy prime £1 6s 3d to £1 6s 3d. lighter £1 2s 6d. unfinished 143 3d to £1. Calves.— An average yarding. Competition was keener, and good sorts sold readily. No runners entered. Heavy vealerr, £2 10s to £3 ss; light vealers. £1 to £2. Pigs.—Average yarding, stores being easier. Choppers to £3; heavy baconers, £3 103 to £4 2s; medium baconers to £3 lis: heavy porkers, to £2 19s? medium porkers, £2 to £2 Bs.

New Zealand Loan and Mercantile Agency Company, Limited, report:— We held sales during the past week at Henderson, Westfield, and Waiuku. Dairy cows and heifers of good quality sold readily; all other classes of dairy and store cattle nave been dull of sale. \We quote: Best dairy cows and heifers £'.< to £IG, others £5 10s to £8 15s; aged cows and inferior heifers, £3 10s to £5; bulls. £1 10s to £4; empty cows, £1 to £2 10s; weaner calves, best £1 7s 6d to £2 10s, othoTß 15s to £1 ss: few odd pen.? of Jersey heifer, calves, £3 to £4 ss; yearling to 18 months steers, £1 to £1 17s 6d; 0 to 2i year steers, £2 to £2 17s Cd: 3 to 8} year steers, £3 to' £3 17s Gd; 4 to 5 year steers, £4 to £5 ss. Beef at fully Westfield prices. At Westfield fat stock market on Wednesday beef was penned in less than avorage numbers. There was again a dull demand. Prices generally -*ero e«;ual to last week's sale although in places last week's prices were exceeded. We ouote: Extra choice oxen to 22;! per 1001b: choice and prime oxen 17b to 21s per 1001b; rough and plain oxen Via to lGs per 1001 b; young cow and heifer beef. 16s to 19s per 1001b; other cow beef. 10s to 15s per 1001b. No extra heavy prime steers were penned. Heavy prime steers, £7 17s Gd to £9; medium prime steers, £fi 15s to £7 15s; light prime steers. £5 10s to £6 12s Gd: small and unfinished steers. £3 10* to £4 17s Gd: heavy prime cows and heifers, £5 to £0 7s fid; medium prime cows and heifers. £3 15s to £4 15s: light prime cows and heifers. £3 to /'•'! 12s Gd; inferiorily fatted cows, £2 to £217 a fid. Calves were penned in largo numbers. Belling readily at ■ improved irate*. Runners. £2 to £3i heavy vealers. £.% 6a

to £219 ft; medium vealers. 82a to 12 2»; light vealers, 20a to 81a; smaller. 10b to 18a; email and fresh dropped calves, 2s 6d to 9s. Sheep penned in less than average numbers, and sold at improved values. No extra heavy wethers were penned. Heavy prime wethers, £1 12s 9d to £l 16e 9d; medium prime wethers, £1 10s to Ml 12s 6d; light prime wethers, £1 7s to £1 9s 6d; small unfinished wethers, £1 4s 9d to &X 6s 9d; heavy prime owes, £l 6b- to #1 8s 9d; medium and light prime ewes, £1 4s to *1 6s 9d; inferiorly fatted ewes, 15a upwards Pigs were penned in large numbers and sold readily at late quotations. Choppers. £2 to £2 18s; heavy and medium bacpnere. £3 5s to £3 19s; light baconers and heavy porkers, £2 10s to £8 4s; medium and light porkers, £1 16a to £2 9«: large stores, £1 7a to £1 15s; slips. 19s to £1 -C? ; weaners, 10s to ISs. Lambs were penned in average numbers and sold at late quotations. Heavy prime Jambs, £1 Cs 3d to £1 8s 9d: medium prime lambs, £1 8s 9d to £1 Ga; light prime lambi, £1 to £1 3» 6d; store lambs, beat lis 6d to 19s. others 5a to 12s. '

ADDINOTON. fBT TELEGRAPH. —PRESS ASSOCIATION. J ' CHRISTCHURCH, Wednesday. At the Addington market to-day there was a recovery in fat lamb values. Mutton was about the same as last week. _ Beef was easier, while store ewea were in improved demand. .... Store Sheep.— was a, slightly smaller yarding of ewes than that of the previous week. Entries were forward from the North Island Nelson. Marlborough, and the Chathams. The bulk of the yarding was of indifferent quality. Ewes recovered about 2s on last week's drop. Lambs sold brighter: wethers were unaltered. ppod four-year Romney cross ewes 85s, fairly good 4, 6. 8 tooth 80s 6d to 83a. inferior 25a to 28s 6d- Rood 345. fairly good 2, i, fi tooth 28s 5d to 30s, low-conditioned 23s fid to 275. inferior and low-conditioned sound-mouthed 23s to 265, fairly good cross" bred 2-tooth 28s fid to 60s fid. inferior 2tooth 24s fid* to 235, failing-mouthed 17s 6d to 24s 6d. Aged 12s to 16s Id; good 4-tooth halfbred wethers 27s 6d, inferior 2-tooth 21b to 23s Cd: 4 and 6 tooth oroasbred 23s fid to 26s lOd: sound-mouthed Merino, 20s 6d; good halfbred wether lambs 2'da. ordinary 20s Cd to 2ls 9d. small M.S., 16s Gd to 18s 9d: cull hnlfbred wethers 12s 9d to 17a 6dr cull. 8s 3d to lis fid. Fat Lambs.—A total of 3200 was penned. The greater part of last week's drop was recovered. Prices were eonal to lOd per lb. Extra prime lambs 33s Cd to 3Cs, a few special 39s 3d, prime 29a fid to 83s, medium 26s Cd to 295, light 23s 9d to 26s Bd. , _ Fat Sheep.—Good sheep were about the same. Light sheep were easier. Exporters bought wethers at sjd to 5Jd: ewes, 44d; extra prime wethors 83s Pd to 365, a lew special 39s 6d. prime 20a 9d to Ms, medium 27s 9d to 29s fid. light 25s to 27s ed: extra prime ewes 33s 9d, prime 26s 6d to 30a, medium 24s 6d to 265, light 20s to 23a 3d, aged 17s 6d. Fat Cattle.— total of 470 was penned. The quality was mixed, but there were more good cattle. Prime beef made 26s fid to 295. medium 24s to 2Gs, rough beef down to 12s Gd per 1001b; extra prime Bteors £14 to £16. prime £1.1 5s to £13 15s. medium £3 12s 6d to £11, light £6 10s to £8 10s; prime heifers £6 15s to £8 ss, medium £5 to £6 15s Cd inferior £3 12s 6d to £4 17s Cd; extra prime cows £11, prime £6 5s to £8 2s 6d. ordinary £4 5s to £6. , ■ . . , Store Cattle.—Bidding was not so brisk as last week, but. considering the poor quality, there was not much decline on last week's prices. Three-year steers £5 5s to £5 lis, two-year £3 to £3 10s, yearlings £2 to £2 7s 6d: two-year heifers £2 15s to £3 2s Gd: yearling £1 17s fid to £2 2s 6d: fresh cows £1 7s 6d to £1 12s 6d. Vealers. Good onlvos were in snort supply, and a fairly good sale resulted. Good runners £4 4s, ordinary vealers £3 10s to £4 15s. small calves 8s upwards. Dairy Cattle.—The market was the same as last week, good springers selling satisfactorily. Good second, third, and fourth culvers £11. a few special to £15: good springing heifers &7 10s to £B_los. extra good £14; medium cows £5 to £7. Fat Pigs.All round nrices were about the same ns last week. Choppers £3 to £6 18s, light baconers £3 15a to £4 Bs, heavv £4 10s to £4 15s. average price per lb fiid to 8d; light porkers £2 10s to £2 12s, heavy £2 17s to £3 6s, average price per lb Rid to 9d. _ , , . . Store Pigs.— larger pigs were sought after. The demand for weaners and small stores was very slack. Small stores 16s to 20s, medium 28s to 355, large 45a to 58s.