COMMERCIAL.

New Zealand Herald, Volume LXII, Issue 18965, 12 March 1925, Page 7

COMMERCIAL.

THE LONDON MARKETS. QUOTATIONS FOR METAL. Australian and N.Z. Cablo Association. (Reed. 5.5 p.m.) LONDON. Mar. iO. (Quotations on March 2 in parentheses). Lead.—Spot, £37 7a Gd (£37); three months, £3G 8s 9d (£35 15s). Spelter.—Spot, £3G 8s 9d (£35 8s 9d); three months, £35 lGs 3d (£34 18s 9d). ! Tin.—Spot, £245 12s Gd (£250 7a Gd); threo months, £249 2s Gd (£253 17s Gd). j Silver.—Standard, 32 3-lGd (.32 l-Sd); fine, 34id (34 11-lGd) per oz. WHEAT. Wheat.—Cargoes are quiet and occasionally easier i.ll spite of bullish reports from tho Waahington bureau. Parcels are m quiet ! inquiry at from 3d to Gd decline. Parcels by tho Themistocles, Demosthenes and Benalla sold at 67s Gd. Liverpool futures: May, 13s 114 d; July, 13s B{d. PRODUCE MARKETS. THE LONDON REPORT. The Department of, Agriculture haa received the following cablegram, dated March 7, from tho High Commissioner for .New Zealand, London.... • _ Butter.—The market is brisk and prices have advanced. The demand is good from the Continent. Official quotations arc : New Zealand: finest, salted, March 7, 180s, 1823 per cwt.; exceptional, 184s; I'ebruary 28. 1745, 178s; February 21, 1.74 a '7os; nnsalted, March 7. ISfis. 190s; February 28, 188s. 190s; February 21, 188s, 190s; other qualities, March 7, 158s, 1765. Australian: I Finest, salted, March 7, 1765, 178s; February 28. 170s. 1745; February 21, 1665. 170s: unsalted, March 7, 182s, 18Gs; February 28, 178s, 182s; February 21, 1765, 180s; other qualities, March 7, 1645, 1745. Argentine: Finest, March 7. 1765, 180s; February 28, 176 a, 180s; February' 21. 178s, 180s; other qualities, March 7, 168s, 1725. Danish: Market firm; March 7, 2325, 2345: February 28, 226 a, 2305; February 21, 2245, 2265. Cheese.—The market is firm with a good demand. Canadian is practically cleared. Official quotations are:—English: Finest farmers', Ms,rch 7, 128s, 132s per cwt; I'ebruary 28, 128s, 1325; February 21, 128 a, 1325. Canadian: March 7, coloured and white, 106s, I08s; February 28, coloured, 100s. 10-ls; white, 102s, 104s; February 21, coloured, 100s, 104s; white, 100s, 104s. New Zealand: Market firm. March 7, coloured and white, 100s, 102s; February 28, coloured and white, 975, 98s; February 21, coloured and white, 945, 965. The estimated stocks of cheese on March 2 at London, Liverpool and Bristol were:—Canodian and American, 40,200 boxes; Now Zealand and Australian, 70,700 crates; against 22,900 boxes and 44.000 crates for same time last year. Casein,—Present quotations are: —French rennet, £45 to £54 a ton; English, £45; Italian, £55. Hemp.—The Manila market was dull early this week but firmer at the close. "J" grade, March-May shipments sold up to £54. Moderate business is reported in New Zealand parcels afloat. Highpoint fair, £4O 10s; fair, £3B 10s. Wool.—The Bradford market is waiting for values to bo tested at the London sales next week. Present quotations for tops are:— G4's warp (Merino), 5s 4d; G4's average (Merino), 5s 2d; 6G's (super halfbred), 3s lOd; 40's, prepared (coarse crossbred), 2a Gd. Tallow.—The demand is good for beef and rrixed, but mutton is not wanted. Present quotations are:—Mutton, fine, 50s per cwt; fair to good, 48s. 495; dark to dull, 42s Gd, 43s Gd; Beef: Sweet or mixed, 45s 6d, 465; fair to flood, 43s Gd, 45s 3d; dark to dull, 41s, 42s Gd. Mixed: Fair to good, 43s Gd, 455; dark to dull, 41s, 42a Gd; gut, etc., 3» J s. 425. Peas.—The market is slow. Japanese parcels which have arrived sold at £23 12s Gd per ton. March-April shipments, £23 15a. Maple: Stocks of New Zealand and TasmanPartridge heavy, and demand poor. Nominal values arc:—New Zealand, Gss, 70s. Tasmanian, 755, 78s per 5041b, ex store; English best quoted at 51s; inferior down to 425. Beans.—English are in large supply and the demand is slow. Parcels are quoted at 465, 51s per 5321b; Chinese horse beans new crop July-September shipments are offered at £lO 2s Gd a ton. without finding buyers. Cockßfool.—Danish cocksfoot dull, GBs, 70s per cwt, c.i.f. London. Oats.—The market is quiet and the demand slow. English best are held for 36s per 3361b.; good feeding white offered at 29s 6d to 30s; small business is reported in No. 2 Canadian Western March shipment at 32s Gd. Fine Chilean offered at 31s to 355; nominal values for New Zealand are:—" A" grade, 335, 35s per 3201b; ex granary; March shipments, 325, 33a, c.i.f; " B" grade, 3s less. Apples.—A fair demand and English cookers are getting cleared. Best imported boxed varieties are firmer. British Coltimbian riewtown Pippin. Us 6d, 14s a case; Califoruian Newtown Pippin, 10s 6d, lis Gd; Oregon Newtown Pippin, 12s Gd, 15s; Spitzenburg lis, 15s; Staymans Wineaap, 12a, delicious (specially selected), 103, 19a. rsovu Scotian apples are chiefly in poor condiifon and aro selling: at from 16s to 21 a a barrel. Shipments of ]Sew Zealand produce arrived this week per s.s. Port Hunter and Norfolk. CHICAGO WHEAT MARKET. Australian and N.Z. Cable Association. (Reed. 7.5 p.m.) CHICAGO. Mar. 10. Wheat.—May, 1 dollar 87, cents; July 1 dollar 04J cents; September, 1 dollar 523 cents. AUSTRALIAN EXCHANGE. Some changes have been made in the rates of exchange on Australia, and the new scale will coma into force to-day. The rates for Victoria and New South Wales aro not altered: for other States, the selling rates have been reduced, and the discount on remittances from Australia have been reduced by 2a Gd. Tho now ecale is as follows;--Buying Selling Discount. Premium, s. d. «. d. Victoria and N.S.W. . . Par 50 0 QueenslandNorth.of Rockhampton .7 6 57 G All other places . . . 2 (.! 52 6 South Australia , . . , 2 G 52 G West Australia— Perth and Fremantle . 7 G 57 6 All other places . . 12 G G2 6 Tasmania 5 0 55 0 STOCK SALES. AUCKLAND. ! Alfred Bueklaud and Sons. Ltd., report:— During the week we hold sales at Westfield, VVaiuku, Helensville, and Clovcdon. 'i hero havo bean average yarduigs, and a good inquiry for all classes ol cattle and stieep. Dairy cows and heifers made £lO to £l4 for best; second grade, £<> to £9; aged and inferior, £2 to £5 10s; empty young cows, £2 10s to £8 15s; store cows. £1 5s to £2 as; forward lour and lour and a-half yeur-uld steers, £U 15s to £7 15s; three to four-year-old steers, £5 10a to £G 10s; two to three-year-old steers, £4 to £5 10s; yearlings to two-year-old steers, £2 15s to £4; 18-month-old heifers, £2 to £3 15s; good calves, £1 15s to £2 7s: smaller calves, ! £1 5s to £1 14s; small and weedy calves, 10s to £1 3s; fat steers, £7 15s to £l2 7s Gd; fat cows and heilers, £4 10s to £8 7s Gd; rough tat cows, £2 to £4 ss; good four ami five-year-old owes, £1 8s to £1 12s; smaller ewes, £1 5s to £1 7s; older ewea, 18s to £1 4s; forward wethers, £1 13a to £1 1G; small store wethers, £1 9s to £1 12s; forward lambs, £1 2s to £1 ss; atoro lambs, 15s to £1 Is; small stores, 12s to 14s Gd. Yesterday at our weekly Westfield fat stock market wo penned fat cattle to the number of 655 head, comprising 385 stoers, 263 cows and heifers, and 7 bulls. Tho demand was ieas keen and although in odd cases last week's values were obtained generally prices were easier. Extra choice ox sold to £1 12s per 1001b; choice and prime ox, £1 9s to £1 lis; ordinary and plain ox, £1 Gs to £1 8s; prime young cow and heifer beef, £1 3s to £1 7s; ordinary cow beef. £1 to £1 2s; rough beef, 14s to 19s; extra heavy prime steers ranged in price from £l4 to £l4 12s 6d; heavy prime steers, £l2 to £l3 10s; lighter prune steers, £lO to £ll 15s; light prime steers, £8 to £9 15s; unfinished and small, £5 to £7 15s; extra heavy prime young cows and heifers, £8 to £9 15a; one extra special cow made £l2; heavy prime young cows and heifors, £6 to £7 153; lighter, £ Iba to £5 i7a Gd; other cows, £1 10s to £4 ss; bulls and slags, £4 to £9 15s. There was only a moderate entry of sheep. The demand and values were on a par with last report. Extra heavy prime wethers made £2 2s to £2 4s 3d; heavy prime wethers, £ I 18s Gd to £2 Is Gd ; medium lo heavy prime wethers, £1 15s to £1 18s; light and unfinished, £1 13s Gd to £l 14s 9d ; small store wethers, £i 5s to £1 9s; extra heavy prime ewes, £1 13s to £1 14s Gd; heavy fat ewes, £1 10a to £1 12s 6d ; lighter fat owes, £ 1 7s Gd to £1 9s 9d; other ewes, 19s to £1 Gs lid (870 sold). The lamb pens were well filled and all' classes sold readily at ruling prices Extra heavy primo, £1 15s to £1 19s; heavy prime, £1 10s to £1 14s; lighter prime. £1 7s to £1 9s: light and unfinished, £1 4s to £1 Gs; stores, 15s to £1 3m Gd (G7l sold). Fat and young calvos were penned in largo numbers. Competition was keen , for all good quality vealers, which sold at slightly improved values. Rough and plain calves were dull of sale. Runners brought from £3 5s to £5; heavy vealers, £2 19s to £4 14s; medium vealors, £2 10s lo £2 19a; liuht vealers. £1 1.5s to £2 7e: small and fresh-dropped, 3s to £1 Is (314 sold). There was a large yarding of pigs, porkors and choppers, selling at lato rales, bacon pigs showing a steady increase on last week. Heavy baconers made from lis to £3 18s; light and medium, £3 3s lo £3 9s; heavy porkors, from £2 16s to £3 Is; light and medium £2 8a to £2 14s; small and unfinished, £1 19s to £2 ss; slips, to £1 2a; ■weaners, from 7a to 15a (417 sold).

Dalgcty and Company, Ltd.. report as | follows on tho WeatSeld sale yesterday:— Beef: An average yarding, prices being slightly easier than last week's rates. Extra choice ox made 32s per 1001b.; choice and prime, 29s to 31s; other, 24b to 28s; prime young cow and heifer beef sold from 25a to 275: other. 19s to 235. Sheep: A fair yarding, Boiling at lato rates. Heavy prime wethers made 39s to £2 2u: medium prime, 35b to 28s; light, 32s to 355; heavy prime ewes sold from 33s to 3lis; light prime, 28s to 30s; others, 23s to 27s Od. Lambs: A large yarding, prices being firm at late rates. Heavy primo lambs made 35s to 375; medium prime. 32s to 355: light and unfinished. 23s to 27s Gd; others, 12s to 21s. Pigs: An average yarding, selling readily at last week's prices. Heavy and medium baconers brought from £3 3s to £3 12s 6d; light baconers, heavy porkers, £2 lis to £3; medium and light porkers,. £2 4sl to £2" 10a. Calves: A good yarding, selling at lato rates-. Prime Tunnera made £3 15s to £4 10a: heavy vealers. £3 7s 6d to £3 15s; medium. £2 10s to £3 ss; light, 35s to £2 16s; others, 12s to 30s. The New Zealand Loan and Mercantile Agency Company. Limited, reports.—Wo l»old sales during the past week at Westfield, Ngatea, Clevedon, and Pukekohe. All classes of cattle soiling at lato quotations. Wo quote: Best dairy cows and heifers, £9 to £l2 10s; others, £5 to £ 8 15s; aged cows and inferior heifers, £2 to £4 15s: bulls, jE2 to £8 17 s Cd, according to.weight and quality; empty cows, £2 to £3 7s Od; heifers, suitable for dairy purposes, £2 10s to £3 15s; yearling hoitera, empty, £1 6s to £2 7a 6d; yearling to 18-month steers, £2 10s to £3 7s 6d; 2 to 25-year steers, £3 10s to £4 7s 6d; 3 to ilj-year steers, £4 10s to £5 17s 6d; 4 lo 4}-year steers, £6 to £7 ss; grown steers, in forward condition, £7 7b 6d to £8 ss. We also held our second sheep fair at Tuakau, and with the exception of one pen, everything penned changed hands at values which were easier than the first fair hold in February. We quote: f.f.m. ewes, £1 5s to £ 1 8s 6d; f. 111. ewes, Ifis to £1 4b 6d; wethers, £1 8s to £1 Us 6d; 2-tooth ewes, £1 17s 6d. At Westfield fat stock market yesterday bo«f was penned in large numbers. Competition was steady, there being little or no alteration on last week's report, with quotations the same. Extra choice ox sold to 33s por 1001b.; choice and prime ox, 27s to 325; plain and ordinary ox, 23s to 2(is; prime young cow and heifer beef, 25s to 30s; other cow hoef, 19s to 245; rough beef, 12s to 18s; heavy prime eteers sold from £l2 7s Cd to £l4; lighter, £lO 12s 6d to £l2 ss; light, £9 to £lO 10s; small and unfinished, £6 10s to £8 15s; extra heavy primo cows and heifers, £8 12s 6d to £9 15s; heavy, £7 7s (5d to £8 10s; lighter, £fi 7s (id to £7 ss; light, £5 to £0 ss; otlior cows, £2 to £4 17s Gd: bulls, £3 to £lO 15s. Sheep were penned in largo numbers, and although in places last week's values ruled, generally, prices wore inclined to bo easier. Heavy prime wethers made £1 19s 3d to £2 Is: medium. £1 17s 9d to Ji 1 19s: light. £1 16s to £1 17s Gd; small and unfinished wethers, £1 12s to £1 15s 9d; extra heavy primo ewes, to £1 19s; heavy prime ewea, £1 13s Gd to £1 lGs; medium, £1 10s to £1 13s; light. £1 Gs to £1 9s 9d; poorer owes, 15s upwards. Lambs penned in average numbers, prime quality selling at late quotations. Store lambs were easier in values. Heavy prime lambs made £1 12s to £1 14s Gd; extra heavy lambs, to £1 18s; medium, £1 10s to £1 lis 9d; light, £1 5s Gd to £1 9s Gd; store lambs, bast. 18s to £1 3s; others, 12s to 17s. Prices for calves were firm at late quotations. Runners made £3 10a to £4 lGs; heavy vealers. £3 8s to £4 in; medium vealers, £2 12s to £3 8s; light vealers, £1 lGs to £2 ss; smaller, £1 83 to £1 14s; Bmall and fresh droppod, 3s to 16s; rough calves. £1 to £1 10s. Pigs were penned m large numbers, and sold at late quotations. Choppers made £2 17s Gd to £5; heavy and medium baconers, £3 Us to £3 lGs; light baconers and heavy porkers, £2 16a lo £3 9s; medium and light porkers, £2 12s to £2 IGa; unfinished, •£! 10s to £2. Store pigs sold at late quotations. Large storw made £1 8s to £1 16s; slips, £1 to £1 ss; weaners, Gs to lGs. HAMILTON. The Farmers' Co-operative Auctioneering Company, Ltd., report: —We had a good yarding of stock of all classes in the Frankton yards on Tuesday. Prime steer and cow beef sold well up to previous values, plain and ordinary being easier. Fat sheep were firm, also breeding ewes, store, and foreward lambs being easier. Fat and store pigs realised values in advance of those reached at lato markets. Quotations: Beef—Best fat, £l2 4s; medium, £9 17s 6d to £lO 12# Gd; light and unfinished, £7 to £8 10s: primo fat cows, £7 10s to £7 18a; fat. cows,, £6 2s to £6 10s; medium, £5 Gs to £0 17s; light and unfinished, £4, to £5: freshconditioned cows. £3 to £3 10s; store, 30s to £2 ss. Sheep:. Prime fat ewes, 32s to 345; fat lambs, woolly, 2Gs 3d to 27s 6d; light, 23a 6d to 255; forward conditioned ewea. 23s 6d; b.f. store lambs in good order, 17s 9d to 19s Gd; good 4 and 5-year breeding owets, 30b to 31s; 2, 4, &-tootb and 4-yoar ewes, small, 28s 3d to 30s; 4-ycar to f.m. owe 3, 20s 3d to 24s Gd; f.f.m. Southdown rams, 4} to 61 guineas. Pigs; Heavy baconers, £3 9a to £3 12s; medium, £3 3s lo £3 ss: good porkers and light baconers. £2 15s to £3; medium porkers, ,£2 5s to ,£2 12s; light, £2 to £2 2b; unfinished, 32a to 375; choppers, £3 to £3 10s; slips, 22s to 28s; weaners, 13s to 15s. Tho New Zealand Loan and Mercantile Agency Company, Ltd., Hamilton, reports— At Hamilton sale on Tuesday there was an average yarding of both sheep and cattle. Beef was penned in full supply, and sold under good competition at fully late. rates. A steady demand existed for all classes of sheep. We quote:—Fat wethers, £1 18s; aged fat ewes, £1 5s Gd: light fat lambs, £1 6s; woolly store lambs, £1 Is 9d; fat steers, light to medium weights, £8 16s to £lO 9s; good fat cows, £6 19s to £7 16s; medium cows, £5 10s to £6 15s; rough cows, £4 12s to £5 ss; fat heifers. £4 lis to £4 14s; veal calves, £1 16s to £2 2s; cows in fresh condition, £2 15s to £3 10s; 8 to 35-year-old steers. £5 lfis to £3 19s; 18-roonths steers, in good condition, £4 15s. A heavy yarding" of pig 3 met wjth a steady demand, quite realising last week's advanced prices. Bacon buyers operated freely :—Heavy prime baconers made £3 5s to £3 12s; medium baconers, £3 to £3 4s; light baconers and heavy porkers, £2 14n to £2 19s; medium porkers, £2 8s to £2 12s; light and unfinished porkers, £1 16s to £2 sa: good store pigs, £l, 7s to £1 lis Gd; slips, £1 to £1 4s; others, 10s to 18s; weanors, 9s to l'Js. ADDINGTON. [by teleoraph —press association ] CHRISTCHURCH. Wednesday. At tho Addington market there were heavy entries to-day in the store sheep and fat cattle sections. Fat cattle, .fat lambs and fat sheep were all easier. Good store ewes held previous values well, but secondary and wethers and lambs were practically unchanged in prices, Store Sheep.—The entry was the largest of tho season, comprising well over 30.000 head. A very heavy proportion of ewes came from the North Island, and some outstanding wethers from the Chathams. Nelson sheep were also entered heavily. There was a wonderfully good sale considering the heavy entry, particularly for good owes, though there was a weakening Infer on ;u the sale. Forward lambs. 27s Gd to 31s Gd; ordinary. 24s to 275: medium, 02a fid to 23s 9d: small, 20s to 225; cull, 15s to 19s Gd; good two-toothed halfbred ewes, 475; good two-toothed Romney cross ewes, 4Q» to 445; ordinary two-toothed Romney cross ewes, 37s to 38s Gd: small two-toothed Romney cross ewes, 32s to 355; good four, six and eight toothed Romney cross ewes, 39s to 43s Gd; ordinary, four, six and eight toothed Romney cross ewes, 33s to 33s Gd; good two-toothed crossbred owes, 395; failing-mouthed halfbred ewes, 27s to 3.15; good four and fivo year old halfbred ewes, 37a Gd to 425; failingmouthed crossbred ewes. 26s to 31s; aged ewes, 15s to 255; forward six-toothed Romney wethers, 30s; two-toothed three-quarter-bred wethers, 26s to 295; two-toothed halfbred wethers, 25s Gd to 27s Gd; four, sis and eight toothed halfbred wethers, 27s to 31s. Fat Lambs.—The entry numbered 2620 head, the R'nallest since tho season commenced. Values were back another halfpenny a lb, prime under 3Glb making 12d. and other grades from Hid to 11 Id. Extra prime lambs, 43s Id; prime. 37s to 39s Gd; medium, 34s Gd to 80s Gd; light, 32s to 345; store, 28s to 31s Gd. , „„ Fat sheep.—Nine races were penned. Ihe bulk of the ewes were of indifferent quality and values were easier by Is Gd to 3s a head. Wethers were easier by about Is a head. Exporters bought ewe mutton freely at slightly under schedule prices. Extra primo wothora, 48s Od; primo, 37s Gd to 41s; medium, 34s Gd to 375; light. 30s to 345; extra prime ewes, 40s 6*l; prime, 32s to 355; medium, 28s to 31s Gd; light, 24s Gd to 27s (id; aged, 21s Gd to 245. Fat Cattle.—Another very heavy yarding of G9O head. Good quality sold at practically last week's values, but secondary stuif was back about 20s a head. A draft of 3G cows and hoifers from tho North Island sold at up to £l4. and averaged £ll 7s Gd. Prime beef averaged from 35s to 37b 6d per 100lb.; hoavy, 32s to 35f1; good cow and heifer beef, 32s Gd to 355; light and medium, 26s to 295; and rough, down to 20s. Extra prime steers, £l7 15s; prime, £l4 5s to £l6; medium. £ll 10s to £l4; light, £9 to £11: rough, £G 10s to £8 10s; extra primo heifers, £l3 2s Gd; prime, £9 to £ll ss: ordinary. £5 to £8 10s; extra prime cows, £l4: prime. £8 10s to JEIO 16s; ordinary, £5 5s to £8 ss; aged, £3 Vealers.—Good vealers sold well. Runners, to £5; good vealers, £2 10s to £4 ss; good calvos, 25a to 455; small calves, 10s to 20a. Store Cattle.—Only odd lota of cows and lioifors wore forward, and the sale was lifeDairy Cattle —A brisk sale for decent springing cows. Bent cows. £lO to £l3; medium, £7 to £9 10s; inferior, £3 to £6 10s: best springing heifers, £lO to £l7, medium. £6 to £9 10s; heifers. £5 10s Fat Pigs There was a good entry and improved valtios. Choppers. £3 to £6; light baconers, £3 15s lo £4 ss; heavy £4 10s to £5 5m (avorage prico per lb., 6!d to 7}d); light porkors, 48s to 545; heavy, 57s to GGs (average prioe per lb., 71d to Bjd). Store Pigs.—There was a large entry, including a West Coast consignment, and an easier market. Weaners. Gs to 12s; beat, 17s; small stores,.2ss to 35a; medium, 40a to 465; large, 50s. Sows, in pitr, to £4 3s,