COMMERCIAL.

New Zealand Herald, Volume LX, Issue 18533, 18 October 1923, Page 7

COMMERCIAL.

THE LONDON MARKETS.

DECLINE IN BUTTER PRICES.

The".Department of Agriculture' has received the following cablegram, dated October 13, from the High Commissioner for New Zealand, London :— Butter.—The market is slow and lower prices. have been accepted. , Present quotations are:—New Zealand, salted, finest, October 13, 190s to 191s per cwt; exceptional, 196s per cwt; October 6.' 19G3 to 200s per cwt; September 29, 1983 to 202b per cwt. Uiisalted, October 13. 204s to 20Gs per.owt; October 6, 20Ss, to 210s per cwt; September 29, 212s per cwt. . Other qualities, October 13, salted, 184s to 186s per cwt. Australian : Salted, finest, October 18, 184s to 186s per cwt: October 6, 184s to 186s per cwt; Sepi tember 29, 186s to 190s per cwt. Unsalted, j October 13. 190s to 194s per cwt. Other | qualities, Octobor 13, salted, 156s to.. 176s i Per cwt. Argentine: October 13. 176s to I 180 a per cwt; exceptional, 186s per cwt; j October 6, 180s to 186s per cwt; September I 29, 180 a to 3S6a per owt. Other qualities, j October 13, 152s to 172s per cwt. Danish: | October 13, 202s to 20Gs per cwt; October !6, ,204s to 208s per cwt; September 29. 212s to 216 a per cwt. I Cheese. market continues dull, with I slow demand, and prices . have declined furi tiler Official quotations :English: I Finest farmers', October 13, 135s to 145s per . cwt: October G, 135s to 145s per cwt; Sepj tember 29 135s to 140s per cwt. Canadian: i October 13, coloured. 106s to 108s per cwt; ! white, 104s to 108s per owt; October 6. j coloured, 116s to 120s per cwt; white, 114 a Ito 118s per cwt; September 29. coloured, I 120s to 122s per cwt; white, 120s to 122s per ■ cwt. New Zealand. October 13, 110s per cwt; white, 104s to 110s per owt; October 6, coloured and white. 118s to 120s per cwt; • September 29, coloured, 122s per cwt; white, I 120s to 122s per cwt. i Hemp.—The market is firmer, ' and fair business has been done. October-December shipments "J" grade sold up to £32 par ton. Present quotations are £32 ss; "G-" grade, £35 10s. : New Zealand market inactive and unchanged, nothing offering. Spot buyers offer £32 for highpoints r, ovember-December shipments, and £30 10s for fair, but no business reported. Wool.—The results of the Liverpool sale last week and the Hull sale this week were satisfactory. Demand is active, and prices for crossbred show from 5 per cent, to Tj per cent, increase on the London > closing rates. LONDON WHEAT MARKET. j Australian and N.Z. Cable Association. j (Reed. 10.10 p.m.) LONDON. Oct. 16. I Wheat cargoes are quieter, owing to exj pectation of large supplies from Argentina, but there is litfa change in prices Parcels are steady.

BLENHEIM PRODUCE MARKETS. {BY TELEGRAPH.--OWN CORRESPOND IiNT ] BLENHEIM. Wednesday.' .Local.markets are still very quiet. Besides -' having been hit by the continuous importations of Australian supplies at Auckland, where another 500 tons were landed from Victoria recently, the Marlborough chuff trade has been materially affected by the opening of the Otira tunnel. Quotations remain at about £5 10s to farmers. Local stocks are now getting low. and it is anticipated that all of last year's supplies will have been used by the time that next season's supplies come to hand. A fair area has been sown in oats in Marlborough this year, but owing to the wetness of the season the sowing generally wai not done until a late, stage, and ft. i 3 difficult to say what tho vields are likely to be. ' Cowgras'a seed is auiet. The shelling has been completed, and the vield has been srood. A fair amount is still in the hands of the growers, and the values at present are from 7ld to Sid per lb. The expected daniar.d for lucerne seed has not vet materialised. A few odd line* have changed hands at about Is per lb. With the apn-oach of ♦he sowing season, it may be anticipated 'hat all the seed available will be readily disposed of. .'•.•■'.■■

STOCK SALES.

AUCKLAND.

, Dalgety and Company, Ltd., report having held their weekly sale of fat atook at Wesifiold yesterday as under: Befef.—A good yarding. Prices were about the same as last week. Extra prime ox, 375. per 1001b: choice prime, 32s to 355; plain and unfinished, 203 to 31s; prime young cow and heifer beef sold from 293 to 345: "rfcond quality, 22s to 28s; other, 10s to 20s. ..,..: ; ; , - ; .-- ;.. _ . ~:,.; ■".,.,. .. ~.' •j. Sheep.A fair yarding sold at prices slightly easier than last week. Extra prime heavy wethers in wool, £2 2s to £2 8s; prime shorn wethers, medium weights, 34s to 375; good woolly wethers, 37s to £2 la; others, 32s to 3Gs; best woolly ewes, 38s 6d; others, 31s to 355. ■;■■- Lambs were penned in "arete numbers. Prices were about the same. Best. 32s 6d: others, 21s, 255, 28s 6d, to 30s. :. ; ' Pigs.A small yarding sold at prices about 53 to 7s in advance of late rates. Choppers made from £2 10s to £4 ss; he-ivy baconers, £5 15s to £6 14s: medium baconers rnd heavy porkers, £4 10s to £5 ss: medium and light porkers. £2 19s to £3 18s; others, £2 4s to £2 16s. . Calves. good yarding sold at la-te rates. Runners, £8 to £4 14s; heavy vealers, £2 12s to £3 8s; medium vealers, £1 14s to £2 lGs: light. £1 6s to £1 14s; small and fresh-dropped, 3s to 17s.

The New Zealand Loan and. Mercantile Agency Company, Ltd;, report:—, We held sales during. the past week at Papakura, Warkworth, Henderson, and Westfield, all classes of cattle selling readily at late quotations. Wei Quote: Beat dairy cows and heifers close to profit, £11 lOa to £17 10s; others, £7 to £11 ss; hackward springers, bost. £i\ to £10 10»; others, £5 to £7 17a Cd; aged cows and inferior, hoifers, £2 10s to £4 17s 6d; empty cows, £1 10a to £3 153; yearling to 18-months heifers. £1 10s to £3; empty 2-year heifers, £3 5a to £4; yearling Jersey heifers, £4 15a to £5 17s Cd:. yearling to 18-montk3 steers. £2 to £3 10s; 2 to 23-year steers, £3 12a Gd to £4 12s Gd; 3 to 3i-year steers, £4 15s to £5 12s Gd; 4 to 4J-year steers, £5 Ids to £6 12s 6d; grown steers in forward condition. • £6 17a 6d to £7 17s 6d, On Friday at Papakura we held a special bull aalu, when more than the advertised numbers! came forward. Competition was keen feu good quality Shorthorn (bulla, these selling readily. _ Other breeds sold under steady competition at lato values.We quote: Yearling S.H; bulls, 7gns. to 15gns.4 2-year-old S.H. bulls, Bgna. to 17gns.; older S.H. bulls, Bgns. to 7gna.; reg. ped. M'.S.H. bulls, Sgns. to 17gns.; yea.rlfaiE: Jersey bulls, sgna* to 12gns.; 2-year Jersey bulls, Bgns. to llgns.; older Jersey bulls, 4gns. to 7gns.; reg. pod. Jersey bulls, Bgns to 27gna.; yearling to 2-year Friesian hulls, 3gns. to Bgns.; older Friesian bulls. 3gns. to sgns,; reg. ped. Friesian bulls, 12gns. to 18gns. At Westfield .fat stock market on Wednesday, beef was penned in, average num- ! bers; competition waa again keen, last week's quotations ruling. We quote: Extra choice oxen, to 37a per 1001b.; choice and prime, £1 13a to £l'lCs 6d: plain and unfinished,. £1 5a to £1 lis : 6d; prime young cow and heifer beef, £1 6s to £1 13s: i other cow and heifer beef, 19s to £1 ss; rough beef, 143 to 18«. No extra heavy prime steers were penned. Heavy prime steers sold at from £15 to £16 17a 6d: medium, £13 to £14 17s Gd: light, £9 10s to £12 - 15s; ; plain and unfinished steers, £7 to £9 sa; heavy prime cows and heifers, £8 to £9 17a 6d: medium, £6 to £7 15s: light. £4 10a to £5 15s; unfinished cows. £2 10s to £3 17s Gd. Calves were penned in more than average numbers and were firm at late quotations. Runners, £4 10a to £5 ss; heavy vcalers, £2 15s to £3' ss; medium, £1 18s to £2 13s; light. £1 7s to £1 17s: smaller. 15a to £1 (is; ' small and fresh-dropped. 3s to 14s. Pigs were yarded, in average numbers and sold at advanced prices. Choppers, £4 to £5 14s; heavy and medium baconers, £6 to £6 18a; light baconers and heavy porkers. £4 to £5 16n; medium : and light porkers, £3 to £g 18s; store pigs, large, £1 15s to £2 12s; slips. £1; 10s to £1 14s; weanors, £1 Is to £1 12s. Sheep were penned in average numbers and Bold at late quotations. Heavy prime wethers, in woo!. £2 4a Gd to £2 7s; medium, £2 la Gd to £2 4a 3d; light.. £1 18s to £2 Is: heavy prime shorn wethers, £1 17a Gd to. £1 19a Gd (for a pen fatted by Mr. T. Coates, Orakei); medium. £1 15s 3d to £1 17a 3d; light. £1 13s to £1 15s; heavy prime ewes, in wool, £1 19b to £2 2s 3d; medium and light. £1 15s to £1 18s; heavy prime ewes, shorn £1 13a to £1 14s Gd; medium and light, £1 9s to £1 12s 9d; heavv prime hoggets, in wool. £1 17s to £1 193 Gd; heavy prime hoggets, shorn. £1 lis to £1 14s; medium and lsght prime 'hoggets, in wool. £1 10s to £1 16s Gd; medium and light prime hotgets, shorn £11 7s to £1 9a gd: other shorn hoggets. .£lta. to £1 6a 9d. Spring lambs wore penned in larger numbers, and were ele ,« m v alueu. Heavy lambs, £1 7a 3d to £1 10s: medium, j6l-8a 6d:to £1 7s- light £1 to £1 3s; inferior. 14s to 19a 9d. ""7

Fre d Buck and end Sons, Limited, toport:— the Haymarket ,on Friday last we had an average yarding of horses. Aged draughts,■brought from £20 to' £24; medium draughts. £24 to £34 10s; farm horses, £39 10, to i,20; g;ig pomes, £7 10s to £13: hacks, £10 to £13 10s. During the week we held sales at Kurrjeu. Tn«kau. Whitfield. Turua. .GlevedonPnkeno ■ Runeiraan. and , three" clearing' sales. There have been increased .entries at all yards and a good demand exists for all classes of cattle. Best dairy cows, £16 10a to £19 15*;; good cows, £12 10s to £16- second grade cows, £9 to £12; others,'.£s! upwards. Best springing heifers. , £12 to £15 15s; good heifers, £9 to £31 30s : others, £4 to £6 10s; empty young cows, £2 7s to £3 os; store cows, £1 to £0 ss. Forward conclitionad iour-yc>ar-old steers, £6 to £7 2athree to iour-year-old steers. : £5 to £R 15s■' two. to three-year-old steers, £3 15s to' £4 15s; ■yearlings to two-year-old steers £2 5s to £3 16s: fat steers. £8 10s to £12 15s Fat cows and heifers, £3 10s to £9 ss: yearling to 18-month heifers, £2 to £5 10s, ac-

cording to . quality and breed. Calves, : £1 sa, to £1 16s; good; herd bulls, £8 8s to £15 15s; other' bulls, £1 upwards. - -~:-. Yesterday at our weekly Westfield..- fat stock market we penned fat cattle to the number of 704 head; comprising 545 steers, 155 cows and Jicifers, and ■< 4 bulls. , .• The quality generally was first claBS. There was a-'- keen demand throughout with values-on a par with last report. Extra choice ox sold to' £1 17a per 1001b; choice .1 and prime ox, £1 Us 6d to £1 16s 6d; ordinary and plain c-, .£1 Us' to -£1 13s 6d; prime young cow and heifer beef, £1 8s to £1 13s; ordinary cow beef, £1 4s to £1 7a: rough beef, 5a to 15s; extra heavy primo steers, ranged in price from £17 .108.; to £18 12s 6d. A show i steer' of Mr. ! Len Sisam made £23. Heavy prime steers, £16- to. £17. ss; lighter prime -steers, £13 to £15 15s; light prime steers, . 10>10a to £12 10s; unfinished ' and small,'£6 15s to £9 15s;, extra heavy prune youn<j cows and heifers, £11 to £12 15s; heavy ' prime young cows : and heifers, £9 to £10 15s; lighter, !£7: to £8 15s; other cows, £1 10s to £6 15s; bulls, £2 to £5 ss. There was about an average entny of sheep which met with a steady < sale, with little or no alteration in values. Heavy prime woolly wethers, £2 5s ito £2 7s 3d; shorn. £1 16s (id to £1 19s Gd; medium weight prime woolly wethers, £2 2s 6d to "£2 4s 9d; shorn, £1 14s 9d to ! £1 16b; light prime woolly wethers £2 to £2 2s; shorn, £1 13s to £1 14s 6d; unfinished and store woolly wethers, £1 14s to £1 19s; extra heavy prime woolly owes, £2 3s Gd to £2 Ss Gd; heavy woolly ewes £ 1 17s 6d to £2 2s; other woolly owes, £1 5s to £1 15s; shorn fat ewes, £1 9<s to £1 lis 6d; fat woolly hoggets, £1 13s to £2 2s: store woolly hoggets, £1 Ss to £1 lis.;. The, 57 . spring lambs which wero penned were not ,of such, good quality as last week. Values were unchanged. Best lambs, £1 7s to £1 !3a (no really good offered); lighter, £1 on 6d to £1 Gs 6d. ' • Fat and young calves were panned ,in lees than , average numbers." Competition was keen throughout;, values remaining about the same. Heavy vealers brought from £2 9s to £5 14s; medium vealers, £1 lis to £2 2s; light vealers, £1 9s to £1 18s: small and fresh dropped, 3s to 18s . (189 sold). Pigs were penned in less than average numbers, prices for all classes being firm at late quotations. Choppers, £3 10s to £4 # lss; heavy baconers, £5 18s to -£6 17s; light and medium baconers, £4 16s to £5 14s; heavy porkers, £3 19s to £4 10&; light and unfinished porkers, £2' 12s to £3 13s; store pigs, £1 15s to £2 18s (399 sold).

HAMILTON.

The Farmers' Co-operative Auctioneering Company, Ltd., report :—At the \ Hamilton sale on Tuesday, there was a large yarding of tfeef, and although values were somewhat easier, steady demand ruled throughout, the whole entry changing hands. Prime fat steers sold from £12 to £13 17s Gd: lighter, £8 7s 6d to .£ll 15s; unfinished, £ 7 to £8: heavy fat cows. .£8 ,15s to £11 2s 6d; good cows. £6 Ss to £8 IO3; other killabi'e cows, £4 to £6:.forward cows, £3 to £4. 6s; store cows, £1 7s 6d to £2 I2s 63. Dairy cattle sold at ruling rates, cows making from £7 10s to £11 15s; heifers, £5 to £0; inferior and backward, £3 to £5 10s. There was a email entry of fat sheep, shorn wethers making to 365. A truck of prime woolly hoggets made from 36s to 3"m 4'>. Pigs were yarded in good numbers, and the domand was good for all classes of pigs. Baconers made from £4 5s to £6 Is; porkers,/ £2 12s to £3 9s; choppers, £3 7s to £4 Is. Stores sold well, forward from 2Ss to £2 Is; slips, 22s to 275; weaners, from 16s to 253 6d. The New Zealand Loan and Mercantile Agency Company, Ltd., Hamilton, report:— At Frankton yards on Tuesday there was a heavy yarding of beef, with mutton in full supply, and a fair entry of store cattle and springers. Prime beef maintained last week's rites, but medium quality was easier. , The, demand for sheep was better, and prices improved on recent sales. Store cattle met with fair competition, and nearly all changed hnnds;. .We Quote: Fat steers. £10 6s to £12 4s: fat cows. £6 10s to; £7 7s; orie heavy prime cow, £14; light cows and heifera. £5 8s to £5 16s; store cows, £2 6s-to £2 13s; 31-year-old steers, £5 Is to £5 10s; 2-yoar-old ff steers, £4; 15-months Jersey heifers £4 12s; yearling Shorthorn heifers £1 8s to £1 lis; good heifers, £10 to £13; backward. £5 15s to £8 10s. F~v cows were yarded, prices from £4 to £9. Fat wethers in wool, £2 Os 3d: fat e™-f">. £2 Is 6d: forward hoggets, £1 lis. A fair yarding of both fat and store pigs came forward/ Competition was keen, and prices were above last week. Heavy • baconers, £5 to £6 ss: medium baconors, £3 15s to £4 17s Cd; heavy porkers to light baconers, £3 to £3 12s; light porkers, £2 10s to £2 15s; slips (good), £1 18s to £2 7s; others, £1 9s to £1 15s; weaners. £1. 3s to. £1 8s Cd.

ADDINGTON. [BX TELEGRAPH.— ASSOCIATION.] CKRISTCHURCH. Wednesday. The Addington market, yardings' to-day were on a whole smaller than last week's, owing to recent wet weather, with ■ the exceotion of fat cattle. Store Sheep.—There, wsai a.small yarding, comprising, about two raties. A fair number of ewes and lambs came forward, the rest being .made up of hoggets. Buyers were scarce, and not more than one-third of the offering changed hands. Spring Lambs.— hundred sprjnglambs came forward, compared with 114 last week. Values were from 24s Gd to 38s, r, Fat .Sheep.— entry was between seven and eight races, compared to 10 last week, most of the entry being of medium quality only. The values, owing to th'e "smaller yarding, wore fromls Gd to 2s. (id a head above late rates. Prices per lb: Best wither mutton., 8d to 81 d; secondary, 7}d to 7?d; best ewe mutton, 7£d to 8d; secondary, 7d to 71d. Fat sheep: E.\"/ra prime wethers, 50s to 645; a few special, 58s 6d; prime, 45s 6d to 49s 3d: medium, 41s Gd to 44« 9d; light and unfinished, 3"i to : 40s Gd;., extra prime ewes, 43s to 45s Gd; a few special, 60s; prime ewes, 38s 9d to 42s 3d; medium, 33s 6d to 37s 6d: light, 28s to 32s Gd; rrime shorn wethers, 37s to ' 43s lOd: medium. 80s lOd to 65s Gd; crime shorn ewes. 38s 3d. Fat Cattle, entry comprised 430 head, mostly from within the province. The sale- opened, with slackness, and sagged about the middle, but became brisk toward the close. Values were from £1 to £1 15s below those of last week. Best beef sold at from 45s to 46s per 1001b; prime, 42s Gd to 445; medium, 38a to its; light, 35s to 375; rough: cattle down to S4s. Fat cattle: Extra prime steers, £20 10s to £23; prime. £16 15s to £20; medium, £13 10s to £10 103; light, £8 10s to £13; extra prime heifers, £15 17s .Gd; prime, £10 10s to £13: ordinary. £8 10s to £10; light, £5 to £8; extra prime cows, £15 7s Gd: prime, £9 103 to £12.; ordinary, JEG to £9 is.Vealers: Good runners, £7 15s; good vealers, £5 to £6 ss: medium calves, £3 to £4 10s; small, 15b to £2..;■' , /-■-•■- Store Cattle.—There, was- a, large entry, and competition was good for all classes. Four-year-old steers, £8 ss; three-year, £G 10s to £7: two-year, £4 10s to £5; yearling steers, £2 to £2 15s; two-year-old heifers, £2 5s to £2 15s; yearling £1 1 c ~ to £2; good cows. £1 15s to £2 10s; medium,. £1 5b to £1 10a. Dairy Cattle.--The entry consisted of 82 head, compared with 100* last we<\i:.- The sole was dragging, and -nricos were; easier all round. Good springing cows. £8 os; no"A springing ! ffcr«, £4 10s to £6 10s; medium cows »nd heifers, £2 'to £4; '■:■.■■■. Fat Pigs.There was a small entry, which met with a pood demand. Choppers. £4 10s to £8; light baconers, £4 53 to £4'MP«:- heavv. £5. to £5 10s: extra heavy, £5 18s. Average price per lb, 8d to BM. light porkers, £3 to £3 ss; heavy, l£3 10s t" £3 15s; average price per lb, 9|d to lOd. -V . . Store Pigs.— medium yarding' met with a good demand. Small weaners. 18s to 255; good. 28s to 325; small stores, ..27s to : 333; medium, 35s to 40s; largVs, 535; sows in pig. £4 to £4 10s ■*_■ . ■•■■- -' ■"■- .•-:■..■■■■.■..;.