COMMERCIAL.

New Zealand Herald, Volume LXIII, Issue 19279, 18 March 1926, Page 7

COMMERCIAL.

SYDNEY WOOL SALES.

CRGSSBREDS SELL BETTER.

Australian and N.Z. Cable Association. (Reed. 12.35 a.m.). SYDNEY. March 17,

At the Sydney wool sales to-day there was good general competition. The market ruled very • firm at late rates and good j\learancas were effected. There was a very strong demand for comebacks. arid fine crossbreds at improving prices. Greasy Merino sold at 35jd. WOOL SALE ROSTER. EXCLUSION OF GISBORNE. PRESSURE ON ASSOCIATION. [by telegraph.—press association.] GISBORNE. Wednesday. In connection with the exclusion of Gisborne from the rosier of wool sales for the 1926-27 season Mr. Sherriff, president of the Sheepowners' Federation, said it was likely that.a combined meeting of the Sheepowners' Federation and the Farmers' Union would _ be called at the earliest date to- consider the development and decide wha.t action should be taken" to receive 'fair .treatment for' tho woolgrowers of this-district. .* It is, considered probable that a deputation will bo sent to ton to bring the position of the district before -the authorities. It is stated that' every possible effort will be made to ensure sales being held in Gisborne in accordance with the arrangements 'made with the Woolbrokers' Association. LONDON WOOL SALES. PRICES CONTINUE FIRM. A. and ' N.Z. LONDON. March 16. At the London wool sales to-day there was an average selection. Competition was good and prices, were fully maintained. Two. New Zealand clips,, Marchburn ami R.S.L. realised 25|d to and 20£cUk> 13d -respectively; •> Dalgety ' and Company, "Limited have received the following . cablegram from their London house, dated March 16:— The wool sales continue with good competition., As comparod with closing rates of last series, greasy Merinos are firm. Scoured Merino, change, if any, in favour of buyers; greasy half-bred, firm; : greasy crossbred, line, firm; crossbreds, medium, greasy, lrl to l-jd lower; greasy crossbreds, coarse, 3d to Id lower; scoured crossbreds, par to lid lower; crossbreds slipes, medium and coarse, par to Id lower; greasy lambs, unchanged slipes, crossbred, fine, Id to l£d lower. CHICAGO WHEAT MARKET. Australian and N.Z. Cable Association. Wheat. —May, new, 1 dollar 63§ -cents per bushel; old, 1 dollar 61| c.tints. July, 1 dollar 41£ cents; September, 1 dollar 34£ cents. ■ ■ AMERICAN MOTOR-TYRES. GREAT INCREASE IN OUTPUT. Motor-tyre manufacturers in the United States ace unanimous in pronouncing 1925 as the greatest year in the industry s history i ' With an output' of, automobilesi_ far ■ above : tUe : record. of any and the consequent opeta'itig of ' a . Wider market for tyres and tubes, factories have been running, to maximum. Allowing' the : average tyre replacement per car at 2.7 , annually, it is estimated that, last year the consumption of tytes in the United States . amounted to approximately 50,000,000, or almost two tyres for'every family in the country. TARANAKI OILFIELDS. REPORT ON OPERATIONS.Taranaki Oil Fields Limited, reported under date March 13, as follows Moturoa.—Filling and plugging welL Have recovered all of the 6jin. diameter casing. Tarata.—Walking beam has been repaired, 1400 ft of 64-in. diaraeter casing run. East Coast.—Well No. 1: Part of equipment on site. Large tonnage now being discharged at Tokomaru Bay. THE DRAPERY TRADE. POSITION IN CHRISTCHURCH. [BY telegraph.—own correspondent.] CBRISTCHURCH. Wednesday. Business in the drapery .trade continues normal and' the opinion -was expressed •tor day that'the' Dunedin had. had' no adverse effect.. Most...dfl. th<j' large houses of the city are in the throes of summer sales or/have just got over them and in some cases fresh records of sales ■ wore made. Taking all the circumstances into consideratiorf, the numbers travelling, the reduction in export trade, etc., drapers ara well satisfied., STOCK SALES. AUCKLAND. Alfred Buckland and Sons. Ltd., report:--During the week we held sales at Pukekohe, Weatfield, ,Tvn:a. Ppkeno. and Runciman. There were average :',yardings and a fair inquiry for all classes of cattle.. Best'dairy cows and heifers, at prqfit. made from £lO 10s tb £l4 sedofid grade. £7 to £9' 10s; others, £:'. to £& 10s; empty young cows, £2 10s to £3 10$; store cow's,. £1 to £2 ss;,'three ta four-year-old stSera, £6. to £7 ?s; two to three-year-old steers, £4 10s to £5 17a 6d; yearlings to two-year-old steers, £3 to £4 10s; good steer calves, £2 2s to £2 7s: mixed seses, £1 5s to £1 15s; small calves, lis to £1 Is; 18-months to' two : year-old dairy heifers. £3 to £5; rough 18-month-old heifers, £1 15s to £2 10s; light fat'steers, £8 10s to £9 17s 6d; prime fat cows and heifers, £5 to £7 ss; kiliable cows, £3 10s to £4 153; boner cows, : £1 10s to £3 7s 6d; heavy bulls, £5 to £7 7s fid; email bulls, £2 5s to £3 15s. Yesterday at weekly Westtield fat stock market we penned fat'cattle' to the number' of 559 head (as compared with 688'- last week), comprising 218 steers. 331 cows and heifers and 10 bulls. The demand was sluggish and although our quotations are the same generally, values were easier. Extra choice ox sold to £1 9a per 100lb.; choice and prime ox, £1 6s to £1 Ss 6d; ordinary and plain ox. £1 3s to £1 ss; prime young cow and heifer beef, £1 Is to £1 sa; ordinary cow beef,- 16s to >£l; plain and rough, 103 to 15s; extra heavy prime steera ranged in price from £l2 103 to £l4 10s; 14 extra prime heavy steers, from Mr. B. Reed, Waerenga, averaged £l3 lis sd; heavy prime steera, £lO. 15s to, £l2 ss; lighter prime steers, £9 .10s to £lO 12s 6d; light prime steers, £7. ; 10s to _£9 _7a 6d;> small and unfinished steers, £5 15s. to. £l_ ss; extra heavy prime young cows and heifers, £7 5s to £8 ss; heavy prime cows and heifers, £6 to £7 2s 6d: lighter prime cows and heifers, £4 15s to £5 17s 6d; other kiliable cows, £3 15s to £4 12a 6d; old and boner cows, £1 10s to £3 12s &d; bulls, £2 to £7. There was again a heavy yarding of sheep. The demand and values were on a par with last week. Extra heavy prime wethers, £1 Ss 6d to £1 10s; heavy prime wethers, £1 7s Gd to £1 Bs_ 3d; medium to heavy prime wethers, £1 5s to £1 7s 3d; I'ght to medium prime wethers, £1 is to £1 ss; unfinished wethers, £1 Is 6d to £1 Ed; extra heavy prime, young ewes. £1 1? to £1 3s 3d; heavy prime ewes, 19a to ±i 9d; lighter prime ewea, 17a to £1 I'ght kiliable ewea, 14a to 15s 6d; other ewes, 17a 6a to 13s 9d. (A total of 3962 Eheep were iwld). The 451 lambs, which came forward, sold at ruling values. No extra heavy prime lambs penned. Heavy prime lambs, £1 43 to £1 5s 6d; lighter prime lambs, - £1 Is to £1 3s; light prime lambs, 18s to £1 6d; small and plain lambs. 15a t-' 17a G<L Calves were penned in <average numb€«a. Competition was dull, And values

for all classes were considerably easier. Rlmners made from £3 Is to £-1 7s 6a; heavy vealers, £2 lo .£4 2s; medium vealers. £1 17s to £2 93; light \-ealers, '£l to £2 '3s; small atid fresh-dropped, 3s to ltis. A total of 228 were sold. An increased yarding of pigs came forward. The demand was steady, and last week's values weqr sustained. Choppers. £3 to £5; heavy baconers £4 10b '.o £4 17s; medium baconers. £1 2s to £4 7s; light, £3 16s to £4; heavy porkers £3 5s to £3 15s; light and medium, £2 10.3 to £3; small porkers, i'l 17s to £2 Bs, unfinished pigs, £1 lis to £2 105. Store rigs were not sought after, the best brought up to £1 10s; weaners, 3s to lis. A total of 59i were sold.

The New Zealand Loan and Mercantile Agency Company, Ltd., report:—We held sales during the past week at Westfield and Wuvkworth, all classes of dairy and store cattle selling at late quotations. We quote; Best dairy cows and heifers, close to profit. £ll los to £l3 10s; others, £S to £10; .backward springers, £3 10s to £7 10s; aged cows and inferior- heifers. £1 10s to £3 7s fid; bulls, £2 to £6 10s; empty cows, £1 15s to £3; weauer calves, heifers 10s to 15s, steers - £l_ 5s to £2 10s; yearling to 18_months heifers, 10s to £3; yearling to ISniontha steers, £2 10s to £3 15s; 3 to 2iyear steers, £4 to £1 17s 6d; 3 to Siyear steers, £5 to £5 17s Gd: 4 and 45-year steers, £G to £7 ss; grown steers in forward condition, £7 10s to £8 10s. At Clevedon on Friday we had a very -large yarding of sheep and practically everything penned changed hands at most satisfactory mice 3. Two-tooth ewes, £1 2s to £1 os; f.J.m. ewes; 19s to £1 2s fid; f.m. ewes, 15s to 18s-6d; aged and inferior ewes, 8s to Ms; wethers, 17s to £1 ss; store lambs, best lis to 18s, others 7s to 13s; Romney rams, ligns. to 4gns. At the Westfield fat stock market yesterday, beef was- pennd in average numbers, and sold at late quotations. _ Extra choice ox sold to 29s per 1001b.; choice and prime o\, 24s to 255; ordinary and plain ox, 13s to 235; prime young cow and heifer beef, 21s to 255; ordinary cow beef, 17s to 20s; rough beef, 12s to IGs; heavy prime steers, £l2 to £l3 ss; lighter prime steers, £lO 10s to £ll 17s Gd; light prime steers, £9 to £lO 7s Gd; unfinished and small, £7 to £8 15s; heavy prime young cows and heifers, £6 15s to £8 10s; lighter, £5 10s to £6 10s; light cows, £4 10s to £5 ss; bulls,, £2 to £5 10s; v other cows, £2 10s to £-1 ss; poor and aged cows, £1 5s to £2 ss. Sheep wore yarded in large numbers, and although quotations are the same there was an easing tendency. Heavy prime wethers. £1 7s to £1 9s G'd; medium prime wethers, £1 5s Gd to £ 1 ,Gs 9d; light prime wethers, £1 3s 6d to i!l 5s 3d; small and unfinished wethers, 18s to £1 3s. Heavy prim© ewes, £1 Is to £1 2s Gd; medium prime ewe 3, 18s 9d to £1 0s 9d; light prime ewes, IGs to ISs 6d; inferiorly fatted ewes, 12s to 15s 9d. Lambs were penned in large numbers. Heavy-weight prime lambs were easier in values, other lambs selling at lato quotations. Heavy prime, £1 3s to £1 ss; medium prime, £1 Is to £1 Is 9d; light prime, 19s to £1 0s 9d; unfinished, best 14s 9d to IGs, others,' 10s to bis Gd. Pigs were penned in large numbers, values remained firm at late quotations. Choppers sold from £3 10s to £5 Is: heavy and medium baconers from £4 10s to £4 17s; light baconers and heavy porkers from £3 18s to £4 8s; medium porkers and light porkers, from £3 to £3 IGs; •small and unfinished. £1 15s to £ 2 12s. Store pigs were penneil in average numbers; values were easier. Large steers, £1 12s to £2 2s; slips, £ 1 5s to £1 10s; weaners, Gs to 13s. Calves were penned in large numbers; value-s suffering a. further decline on late quotations, especially for rough calves. 'Runners, £3 3s to £3 Ids; heavy vealers, £.( 10s t.O £4 Gs; medium, £2 8s to £3 Gs; light. £1 18s to £2 Gs; smaller. £1 8s to £1 IGs; small and fresh dropped, 3s to £1 bs; rough calves, 6s to 14s. ,

Dnlgety and Company, Limitedi report as follows on yesterday's Westfield sale: There was a heavy, yarding of beef, consisting mostly of cows a largo • proportion or which wcro unfinished. There was little or no change in values. We quote extra choice and prime ox 29s per IGOlb; choice and prime, 'its to 275; ordinary and plain, 21s to 225; prime young cow and heifer beef. 22s to 255; ordinai-y. 17s to 21s; rough, 10s to 145.. There was an. exceptionally heavy yarding of' sheep. Competition was dull but there was little or no change in values. Heavy prime wethers. 29s Cd; medium prime, 26s to 28s 3d; small and unfinished, 233 to 253; best heavy prime ewes, 22s 6d; medium, 19s to 21s; light and unfinished, 16s to 18s Gd. There was a moderate yarding of lambs. Fats sold at about late rates, but stores were inclined to be easier. Heavy prime lambs made 26s Gd; medium, 23s to 255; light, 18s to 225. There was an .average 'yarding of calves,. prices beipg slightly easier. Runners realised £3 17s; heavy vealei's, £2 15s to £3 2s; mediuni, ,£2 5s to £2 13s: light,' £1 lfis to £2> 4s; small £1 to £1 10s; fresh dropped, 4s to Bs. A good yarding of pigs sold at late rates. Choppers £3 to £4 19s; medium and heavy baconers, £4 9s to £4 18s; light baconers and -heavy porkers, £3 14s to £4 ss; medium and light porkers, £3 4s to £3 lis. • HAMILTON. The Farmers' Co-operative Auctioneering Company reports that at' the 7 Frankton yards on Tuesday they had a medium entry of cow and' heifer Ibeef. Prime cattle showed a slight improvement, while plain and ordinary sold at the previous week's rates. Medium weight prime. cows and., heifers, £6 12s to £7 4s; lighter, • £5. 10s to £6; light, £4 to £4 10s; plain ordinary, £3 to' £4; frefeh conditioned cows, .-£2 10b to. £3; stores, 30s to £2 os'. A good number of sheep of all/classes were penned and competition improved upon prices which existed; at the previous sales, and the whole yarding was cleared. Prime 4-tooth wethers, 283 4d to 295, 3d; fat ewes, 173.t0. 18s; prime woolly lambs, ?7s 3d; lighter prime, ; 25s 3pl: low conditioned sound mouth ewes, 10s 9d to 12s 9d; cull ewes, 7s 3d; 4-tooth store wethers sold to 23s'; medium black face store lambs, 12a to 12s Id; small Bs. A full yarding of fat and' store pigs was submitted, prime heavy baconers selling at late quotations, while good porkers and underweight baconers were easier; all classes of stores' were dull of sale. Gor-d quality heavy baconers, £4 10s to £4 17s;. heavy, £4 5s to £4 Ss; medium, £3 10s to £3 18s; good porkers and light baconers, £3 5s ,to £3 Ss; medium porkers, £2 12s to £3; well done small to medium, £2 to £2 10s.; stores, 25s to -355; best slips, 15s to. 18s;' others, 10s to 12s; weaners, 5s to 10s. ALDINGTON. [by telegraph.—press association*.] CHRISTCHURCH, Wednesday, There was a record entry of sheep at Addington market, to-day, the total being about 50,000. Of this number fully 40,000 were in the store sheep pens The North Island was a heavy contributor with ewes. Store Sheep.—ln spite of the exceptionally heavy entry there was a good sale of all classes, particularly of crossbred ewes of good quality and forward lambs. The Northern ewes were bettor than usual >and.sold at an advance. Forward rape lambs brought from 21s Gd to 23s 3d ;'medium lambs, 19s to 21s; small crossbred lambs, 15s 3d to 18s 9d; inferior lambs, 14s to 15s; .crossbred ewe lambs, 20s 6d to 23s 6d; halfbred ewe lambs, 23s 8d; good 2-tooth crossbred ewes to 37s 3d; 2-tooth halfbred ewes, 30s to 395; good' 2-toothed three-quarter bred ewes to 39s Gd; 4, 6 and 8-toothed crossbred ewes, 27s to 32s Gd; low-conditioned. 4, 0 and 8-toothed crossbred ewes, 21s to 25s Gd; 4 and 5-year-old local crossbred ewes. 24s to 295; failingmouthed halfbred. ewes, 18s Gd to 21s; failingmoutlied crossbred ewes, IGs 6d to 20s Gd; 4, 6 and 8-toothed wethers, '2os Gd to 255; 2toothed wethers, 20s to 235. Fat Lambs.—Just on 3000 were entered, and values were, if anything, in excess of schedule prices. Extra hoavy prime lambs sold to'3ls Gd, heavy prime, 28s to 803; medium weight. 2Gs 6d to 28s 6d; light and inferior, 24s to 2Gs; rough sorts, 18s Cd to 225. Fat Sheep.—There was an average entry, mostly, of ewes and there was a slightly easier sale, export values being on the schedule basis. Extra prime wethers, 33s to 37s Id; prime wethers, 29s 6d to 32s Gd; medium wethers, 26s 3d to 295; light wethers, 24s Gd to 265; extra prime ewes, 26s to 32s 4d; prime ewes, 23s to 25s 6d; medium ewes, 19s 6d to 22s 6d; light ewes, 16s Gd to 19s; aged ewes, 13s to 16s. Fat Cattle.—There was an entry of 590 head.- Values were lower on last week's rates up to 20s per head for heavy beef, but medium quality sold at little difference. A Masterton line of 23 steers made from £ls 12s 6d to £lB 12s Gd and a South Otago draft of 12 from £ls 2 6d to £lB. Best local steers made to £IS 12s 6d; extra heavy steers to £lB 12s 6d; heavy steers, £l4 to £l6 10s; prime medium weight steers.. £l3 to £l6; medium . quality steers, £9 10s to £l2 103: light steers, £5 12s 6d to £9; extra heavy heifers to £l3 17s 6d; prime heifers. £8 to £lO 10s; ordinary heifers, £6 to £7 178 6d; light heifers, £4 10s to £5 15s; extra heavy cows to £l2 12s 6d; prime cows, £7 5s to £10; medium cows, £5 5s to £7 2s 6d; light cows, £4 5s to £5 .2s 6d; rough cows, £3 10s to £4.

Vealers.—Prices fell owing to an 0%-er-supply. Runners, made to £7 2s Gd. Store Cattle.—The quality of the entry was noor. Fivo-year steers realised up to £9 10s; 3-year steera to £7 17s 6d; cows, 15s to £3 10s. Dairy * Cattle.—Best 'springers, £3 to £l2 10s: others, £3 to £7 10s; best springing heifers. £S to £l3; others. £4 to £7 ss. Fat Pigs.—A rise in price was recorded. Choppers, £4 to £3; bacorsers, £4 5s to £6 15s (average price per lb, 9d to lOd); porkers, 55s to 78s (average per lb, 9|d to 10? d). Store Pigs.—Good stores sold well, slips and weaners being easier. Weaners. 123 to 18s; slips, 23s to 265; stores, 23s to 55s 6d.