COMMERCIAL.

New Zealand Herald, Volume LX, Issue 18551, 8 November 1923, Page 7

COMMERCIAL.

LONDON PRODUCE MARKETS. SMALL BUTTER DEMAND. The Department of Agriculture has received the following cablegram!, dated November 3, from the High Commissioner for New Zealand 1 in London; Butter.— market is very slow and consumption is small. Offioial quotations are:—N*ow Zealand, salted, liaest; November 4. 185 a to 186s per cwt; October 28. 188 a. laos. to iy2a; Octobor *1. laws to 19t>s. tinsaited: November 4. 2045; October <». o ** to aoss; Octooer 21. au4s to saws., U" 1 ?* qualities: .November 4, l«» *» io4a. Australia: baited November 4, 184 a to lcbs; October 28, 184s to IStos. October 21. 184s to 1888. Other qualities. November 4. lbOs to 1765. Argentine— finest: November 4, 166s to 170s; October 28. 170s to 1745. exceptional. 17bs; tt«OB« 21. 176s to 180s. Other qualities: November 4. 14Ub to 1645. Irish: November 4. 17Gs to 180s. Unsalted: November 4, lb4s to 1945. Danish: November 4. 200s to 2025; October 28. 200 a to 2025; October 81. 200s to 2045. , . . , _ ~ . Cheese.—The English market is firm but quiet. Colonial is quite and very little New Zealand is available. Official quotations English: Finest farmers'; November 4. October 28 and October 21, laos to 146s per cwt. Canadian—Finest: November 4. 106» to 108s; white. 104 a to lObs; October 28. coloured 110s; exceptional, 112s; white. 106s to 108s; October 21. coloured. 114s to 116s; white. 112s to 114s. New Zealand—Finest; November 4, coloured, 108s to 110s per owt,; white, 106s; October 28, coloured, 110s to 112s; white, 108s; October 21. coloured. 114s to 116s; white 112 a to 116s. Other qualities; November 4, coloured. 106s; white. 104s Shipments of New Zealand , produce arrived this week by the Cormthic and Westmoreland. The estimated, cheese stockß on November 1 in London. Liverpool ana Bristol were as follows-.—Canadian and united States, 217,500 boxes, against 96,250 boxes for same time last year. New Zealand, 5400 crates, against 11.500. . . . Hamp.— Manila market is quiet but steady. "J" grade November-January shipments, sold at £31 10s; "G" grade. Nov-ember-January shipments quoted at *aa 10s. It is reported that freight to Great Britain and the Continent will be advanced 25s per ton from December 1. Little more interest is shown in New Zealand. -Probable buyers at £30 10s; hiehpoints. £32 Fruit.— market is slow. Very large supplies, and all in first-class condition. Oregon Newton apples, lis to 13s 6d per case; Californian Newton apples. It bd to 10s 6d per case; Jonathan apples, 10» 6d to I'm per case: Blenheims. Bs. ■Wool.—The sales continue well, and there is a sustained demand for crossbred. Coarse crossbred shows a hardening tendenoy. and are now 7} per cent, to 10 per cent, above last closing rates. . .. , Peas.—The market is quite, and the tendency lower. New Zealand Partridge stocks are very heavy and are selling very slowlv at 60s to 75a per quarter. Tasmaman small spot supplies are making 80s to 85s per quarter, and English 55s to. 60s per quarter. New Zealand Blue are nominally worth £17 to £19 per ton. ex store. Tasmania* Blue are quoted £19 to £20 per ton. Small business has been done with Japanese forward shipments at £20 a ton. Spot value about £23. Encliah is offering at £19 to £20 per ton. New Zealand on passage, ii offering at £17 10s per ton but no busine«* is reported. , . . Eggs.—Small arrivals continue, and prices have advanced. Quotations: —English. Dutch. Frenca. Danish. Irish. Ws.tp 32s per long 100; Moroccan. Russian Polish. Argentine Swinish. Svrian. Lithuanian, Brittanys, 12s Gd to 20s per long 100; Australian, 20s to 21s per long 100.

LONDON WHEAT MARKET. A. and N.Z. LONDON. November 6. Wheat cargoes are neglected. Manitoba being 3d lower. Others, are nominally unchanged. Parcels are quiet. PRICES OF METALS. A. and N.Z. LONDON. November 6. Copper, on spot. £CO 16a 3d; forward. 61 68 3d. Lead— £30 and £27 15s. Spelter—£33 3s 9d and JE 32 17s 6d. Tin— £208 7 8 6d and £207 8a 9d. MOSGIEL WOOLLEN" FACTORY. £bx telegraph.— ASSOCIATION.] DUNEDIN. Wednesday. The directors of the Mosgiel Woollen. Factory Compony have recommended a divia'.ni of i per cent, and a, bonus of 3 per cent, for the past year. STOCK SALES. AUCKLAND. Alf-ed Bucklaud and Sons, Ltd., report:— At the Haymarket on Friday last we had an average yarding of horses. Aged draughts brought from £21 10s to £24 10s, medium draughts £24 to £34 10a; farm norths, £20 to £25; gig ponies, £7 10s to £13 10s; hacks. £10 to £12 10s. During the wteek we held Bales at Westfield. Waiuku. and Man-o'-war Bay, Waiheke There were full yardmgs at each centre. All classes of store cattle are easier in P«ce. Sheep continue to be in keen demand. Beet dairy cows at profit. £12 to £16 15b; good cows, £9 10s to £11 10s; second grade cows, £7 to £9; others £2 upwards; bfest springing heifers. £8 10s to £11-.good average heifers £5 to £8; small heifers, £2 10s to £4 10s; empty young cows. £1 10s to ££ 10m; store cows, -£1 to £1 10s; forward-con-ditioned four-year-old stetors, £5 to £0 ss; three to four year old steers. £3 15s to £4 15s; two to three year old steers, £2 15s to £3 10s: yearling to two-yfear-old steers, £1 15b to £215 a; calves, 15s to £1 10s: fat cows and heifers, £2 10s to £8 ss; small, fat steers £7 to £8 15s; forward-conditioned wethers. £1 9s 6d to £1 Us; two-tooth wethers. £1 Is to £1 6s. .-,,-. -»„!.' Yesterday at our weekly Weetfield fat stock markot we penned bfcef to the number of 627 head, comprising 464 steers, 162 cows and heifers, and 1 bull, the quality generally being first-class. Th'jre was steady demand throughout, with values firm at last weeks quotations. Extra choice ox sold to £1 128 per 1001b: choice and prime ox, £1 8s to £1 lis; ordinary and plain ox. £1 3s to £1 7s; prime young cow and hetfer beet. ±1 4s to £1 7s; ordinary cow beef, 18s to £1 as; rough beef. 5s to 12s: extra heavy prime steers ninged in price from £15 10s to ±io 5s- heavy prime sifters. .£l3 to £11 10s; lighter prime steers. £11 to £12 IPs; light prime steers, £8 to £10 15s: unfinished and small, £4 to £7 15s; no extra heavy prime young cows and heifers panned; heavy prime young cows and heifers, £8 to £9 Ids: lighter, £6 to £7 15s; other cows, £2 to £5 10s: bulla, £1 to £4. Sheep were penned in full numbers. The demand was l'ess keen, and values were slightly lower. Extra heavy prime shorn wethers, £1 17* 6d to £1 19s 6d; heavy prime shorn wethers, £1 14* to £1 Ids 9d: medium to heavy prime shorn wethers. £1 lis to £1 13s 9d: light primo ?horn wethers. £1 9s to £1 10s 9d; heavy prime woolly hoggets, £1 14s to £1 18s 6d; extra heavy prime "horn ewes. £1 8s to £1 10s: her>v«- prime shorn fewes, £1 5s to £1 7s (A: lighter fat shorn ewes. £1 2s to £1 4s fid rio2» soldi. String lembs totalled U3 and sold readily at last week's figures, Heavy prime. -filßntn £1 l"s: btrh»er jnm», £1 4s Cd to £1 7s 9d; lieht prime. £1 2s to £1 4s: small lambs, 17s to £1 Is. Fat and young calves were penned in average numbers, vbluoh for nil clasps remaining fi'-m at late ouotstions. Runners brought from £2 10s to £4; heavy vealers. £2 9* to £" 10s: medium vealers. £1 Ps to £2 2s- lichf vftaVrs. £1 7s to £1 K'«: H™»11 snd freeh-dropr'jd. 2s to £1 C?2O sold). Pinrs vere penned in more thnn average numbers. pricfts for all "how""" a. «-lia,r" decline on ouot« , ti'>ns. Henw bsconers, £1 IPs to £4 17s: l'cht and medium baennnrs £3 to £3 16s: heavy porkers. £0, 10s to £3: light and medium porkers. £1 15s to £2 Os; store pigs, £1 to £1 16s (597 sold).

Dalgely and Company, Ltd., report having held their usual sale of fat stock at Westfield on Wednesday. Beef—Another heavy yarding sold .under steady competition at late . "rates. EWtra choice ox, 32s per 1001b.; choice and prime. 27b to 30b; plain and unfinished beef. 18s to 265; prime younir cow and heifer. 25b to 293 per 1001b.; others. IBs to, 245. Sheep.—A heavy yarding; prices were easier. Heavy pri aie . 'woolly wethers, to £2: extra heavy si own wethers, to £1 19a; medium woolly we'Jbers. £1 12a to £1 lt>s f>d; medium shorn aethers. £1 9s to £1 12s. heavy shorn v:ethe:i«, £1 13e to £1 16s; no wooltv ewes yarded heavy shorn ewes, to £1 10s; medium thorn ewes, £1 6s 6d to £1 As; fair woolly hoggets. £1 8s 9d to £1 lis 3d: others, to ill 15s. . . Lambs.— avenge yarding, prices about on a par with lute quotations. Best, to 33»- good. 283 to 30s; light, £1 Is to £1 ss; small and unfinished. 13s to £1. Calves.— yarding, prices about the same as last week. Runners, £2 Co to £4; heavy vealers. £2 7s to £3 ss; medium. £1 16s to £2 ss; light, £1 3s to £1 15s: small and fresh-dropped. 3b to Bs. Pigs.—A large yarding, price* being considerably easier. Choppers, £2 to £3 10a; heavy baconers, £4 10s to £5 ss; medium. £3 15s to £1 10b: banners and heavy porkers. £4 to £4 10s; porkers, £2 to £3 s*.

The New Zealand Loan and Mercantile Agency Company. Ltd.,. report:— We held sales during the past week at Weatfield. Ngatea and Papakura, cattle having been penned in large numbers, especially at Papakura, where we had a record yarding of 2358 head. Contrary to expectations the demand was good throughout, and although prices were easier than last month's sale, the majority of the cattle penned changed hands at values verv satisfactory to the vendors. Wo quote: Grown steers in forward condition, sold at from £6 10s to £7'l7s; 44 and 6-yoar steers, £6 15s to £6 7s Gd; 3A to 4-year steers. £5 to £5 12s 6d: 2i to 3-year steers, £3 17s 6d to £4 17s 6d; 18-raontbs to 1-year steers, £3 to £3 15s; yearling steer*, £1, 16a to £2 17s 6d; yearling heifers, £1 10a to £8 6s: oad pens of Jersey yearling heifers, £?> 15a to £8; empty 2-year heifflrs, £2 10b i

to £3 109; store coirs, £1 to £2,108; bulls for potting purposes, £1 5s Jo £215 a; herd bulls, £3 10s to £7 10s. The demand for good quality springers still remains keen; inferior springers dull of; sale. We Quote: Best dairy cows and heifers, £9 to £14; others, £4 15s to £7 15s; aged cows and inferior heifers, £2 to £4 10s. Beef at fully Westfield quotations.- ■ . . At Papakura on Friday we held a special horse sale, when horses were yarded m average numbers, and wo report a good sale. Heavy draughts, £33 to £46; medium do., £20 to £33 10s; aged , and part-worn draughts, £10 to £18; hacks and .light.harness horses, £0 to £17 10s; ponies, £4 to £7 10s; weeds, £1 upwards. __ At Westfield fat stock market on Wednesday, beef was penned in average numbers. Competition was steady throughout, . last week's Quotations being easily maintained, and in some cases exceeded. We quote: Extra choice oxen to -32s per 1001b.; choice and prime oxen, 27s to 31s per 1001b.; vlairx and unfinished oxen. 20s to 26s per 1001b.: prime cow and heifer b'jef, 22s to 27s per 1001b.; other cow beef, 16s to 21s per 1001b.; roush b.sef, 10 8 to 15s per 1001b. No extra heavy prime steers wore penned. Heavy prime steers, £10 to £11 17s 6d; medium, £8 15s to £9 15s; light, £7 10s to £8 12* 6d; smaller and unfinished steers, £5 10s to £7 6s; heavy prime cows and heifers, £6 to £7 ss; medium, £5 to £5 17s 6d; light. £4 to £4 15s; inferiorly fatted cows. £2 10s to £3 15s. Calves were again panned in large numbers, and sold at late quotations. Runners, £3 15s to £4 17s 6d; heavy vealers, £2 12s to £3 8s; medium vealera, £2 to £2 10s; light vealers, £1 5s to £1 18s; smaller 10s to £1 4s; small and fresh dropped, 8s to 8s; rough calves, 12s to £1 Bs. Sheep were penned in average numbers, and sold at scarcely lute quotations. We quote: Heavy prime wethers, £1 14s 9d to £1 16s; medium prime wethers, £1 12a to £1 14s 6d; light prime wethers, £1 10s 3d to £1 lis 9d; unfinished and small wethers, £1 6s to £1 10s; heavy prime owes, £1 10 8 9d to £1 133; medium prime ewes, £1 9a to £1 10s 6d; light prime ewes, £1 7s 6d to £1 8s 9d; inferiorly fatted ewes, £1 3s to £1 7s; heavy prime hoggets. £1 9s 6d to £1 lis; medium prime hoggets, £1 8s 3d to £1 9s 3d; light prime hoggets. £1 C s 6d to £1 8s; unfinished hoggets, £1 3s to £1 6s. Spring lambs penned in average numbers, and were lower in values. Heavy spring lambs. £1 6s to £1 8s; medium spring lambs, £1 3s 6d to £1 5s 6d; light spring lambs, £1 1 B to £1 3s 3d; Inferior and small lambs, 18s to £1 Os 6d. Pigs were penned in largo numbers, and were considerably easier in values. Choppers, £* to £2 15s; heavy and medium baconers, £3 16s to £4 10s; light baconers and heavy porkers, £215 ato £3 15s; medium and light porkers, £1 18s to £2 Its. Store pigs sold readily at late- quotations. Lares stores, £1 los to £1 19s; slips. £1 6s to £1 13s; weaners, 12s to £1 6s. HAMILTON. T The N.Z. Loan and Mercantile Agency Co., d 'rh Hamilton, report Frankton yards, on Tuesday, a fair entry of fat sheep came forward, and sold at advanced rates. Beef was penned in full supply, and was much above requirements, and again declined in value. Good store cows and young cattle sold under steady competition. We quote:— Fat Steers, £8; fat cowo, £6 5s to £7 lCs: store cows, £2 9 3 to £2 14s; Shorthorn 15-months-old heifers, £1 17s 6d to £2; Fnesian 16-months heifers, £2 12s; yearling steers, £1 17s to £2 Gs; dairy cows, close to profit, up to £11; backward sorts, £4 to £6: heifere, close to profit, up to £9; backward, £3 10s to £5; fat wethers, shorn, £1 17s 3d. A good yarding of fat pigs came forward. Competition was dull, and prices below last week s quotations. Few small - pigs wore yarded, and prices were on a par with last week. Prices realised were:—Heavy baconers, £3 12s to £4 10s; medium baconers, £2 153 to £3 9s; porkers, £2 9s to £2 128; unfinished, 35s to £2 la; weaners, £1 to £1 10s. The Farmers' Co-operative Auctioneering Co., Ltd., report:— Hamilton, on Tuesday, we had a moderate yarding of sheep and cattle, but pigs were again present in full supply. Fat sheep seemed to draw rather better competition, and all the entry was cleared. Wethers, ehorn, made from 50s 6d to 355, forward hoggrets 265, etore hoggets, small. 20s 3d to 22s 6d. Beef again met with a.dull reception, bidding being slow and spiritless. Everything was, however, cleared at nuction. Best steers made from £9 to £10 10s, lighter weights £8 5s to £9, cows, heavy, from £6 4s to £8, lighter weights £4 lCs to £5 15s, forward cows £3 2s 6d to £3 16s. store cows from £1 to £2 2s. 6d. There . was a fair entry of emnty heifers, for which competition was fair. Jersey cross made to £3 15s, Shorthorn and Shorthorn cross £2 5s to £2 15s. Dairy cattle were not plentiful, nor was the quality noteworthy. Cows made from £5 to £7. Pigs, which were yarded in full numbers, declined in value. Heavy baconers made to £4 9s, light baconers £2 12s f>d to £5 10s, porkers £2 to £2 10s. Wcaner and store pigs sold well in comparison, slips making to 355, weaners 16s to 2.1s 6d.