COMMERCIAL.

Poverty Bay Herald, Volume XLIII, Issue 13899, 24 January 1916, Page 5

COMMERCIAL.

LCND'ON* TVI AMvETS. tPress Assn.—By Telegraph— Copyright.) LONDON, Jan. 20. Short loans arc quoted at 4_ per cent., the *.ame as last week. The rate of discount for three months' bills ise 54' per cent., against 6_ per cent, last week. Consols . are £59, , the sanie as last week-.- : '- : ■' '•■-' '■' „■/■ * War loans, U% £89 10s, 4^'s, £97 la .3d. .:'" ' -'"- -'■''"■■ - ' Wheat is firm, owing to the strength of "freights. "''•'" V Floiir is firm, and advancing. 'Oats'* are" dull. ' *'L_' : Plata FebruaryMarch shipments, 3.35. A Butter is "quiet." Danish ia unchanged. Colonial, un salted, -is firm, at full late rates. Australian salted is quoted at 142s to 1445, exceptional 1465. Cheese is very firm. New Zealand is quoted at 97s' to 98s. In wool a better selection, of greasy crossbreds is offering, and prices are harder, Merinos are m. full supply at opening rates.' There has been -a very keen sale. • .The .-Bradford market is stropg ahd healthy m tone. Tops, sixtyfpurs, 44d; sixty- f purs 4.3d ; common sixties, 42d ; fifty-sixes, 38,£-d ; ;fifties, ,3.3Jjd ; f oi;ty -sixes, 29d ; forties, 27d. , - '■'■..- - LOJTOO_\ T ; ; Jan.' 22. Tbo wool sales opened with a very excited market: The 'catalogue's torere •full,' and the opening, rates good, crossbreds gaining tlie extreme prices. Wheajt is firm with few cargoes offering.. One sold at 65s 6cl. Holders are asking 67s "6d for forward delivery. Frozen Meat : Canterbury, light, 7|d ; medium j 7_jd ; lamb, Canterbury, light,' medium to-:, heavy ; 7gd ; ■ second, light 7-id ; Southland, . none offering; North .Island, seleotgtt, , 7-jd ; Argentine, chilled b^ef, fores 6|d, hinds 7^d«- Other meats unchanged. .: \ ' ! 'The High Commissioner., cable, dated London; January 18, is as. follows : — . "^1)0., ,wqol sales caoimen.#fl today. 1 ; There is i.grc^t competition- foi* all. wool, ■ especially crossbred. ,Th<j supply of Now ■ Zealand cUp. is. Very" small, <; aiid .there- \ was not sufficient, of it 6ffered' to-daj r to ; t.ost .the' market.. 'Values'. sare Id per \l\ : liighcavtbait the closing- rates of- the last i sille. ! Th© °. '-upward '".movfemerit is very . likely to.continite. 'There are 17,800! bales of* NoU:' 'Zealand-. wdol catalogued." Estimated vailues given by the High, Commissioner m a cablegram on the last wool' Sales M'ei-e as' follows :— Superior' merinos, Is 6cl to Is 9d ; medium merinos,'. Is 2d to Is ,scl ; inf prior, merinos, lld'tor Is Id : fine crossbreds, all grades, ls 7d to ls 9d ; medium crossbreds, all grades'; ls 5d to ls 8d ; coarse crossbreds, all grades, Ls 3d to ls 6d. '" ' '; The New Zealand" Lo'ail' and Mercan tile Agency Co.,' Ltd,., report on their stock 1 sale held at Matawhero yards' on Wediiesdhy, _9tlv inst. 1 , as follows : — v 'Tliere was' a fair' attendance of the. public hht iib'e yardibgs Hvere not lieWy. 'SheVp :. We 1 yai'ded' 2lo6 and sold 1730. Competition foi- good lines* of: sheep of , ill descriptiphs was fiirly aetiy6,'- ! but any thibg 'of inferior quality" was negloctetlr ' Ewes' . 'A ye*y small entry, aiid Arc required. W e recommend coPsigniite'nts ' bf §6od sorts.' Lambs , and 4-tootlr 'wethers wero m brisk' demand. * Tlie following Arc the day's quotations: 1 — Sheep.— "Fat wethers 22s 9< l, forward 4-todtlt wethers 21s, mixed 2 and 4 : tdotli wethers 19» 6d, 2-tooth wethers (small): •16s, cull ewes Bs 'sd, 2-toOth ewes 16s '3d' to • 17s, ihedium lines (better sorts) Up to .21s/ mixed ewes ; (4' tooth' to' F.M.) Uls, old ewes m. forward e6hditidn 1 VS. 3d. ■• .'• ■;.-• Lambs. — So'uthdowh ': (small) 7s 6d, medium 9s '6d, crossbred lamb., (woolly) 12s" to ,14s lOd, the latter being- well grown, and'- in forward condition. Cattle. — A small entry. ' We yarded 53 iiud sold 41. In the fat : pens cows (light weight) made from £6 to £7, better finished sorts £8 2s 6d to £9 10s, wfliile for ono lot of- pi'imo cows we realised £11 ss. Fat heifers (light weight) £4 10s, better grown £.6 to £7 12s 6d,vealers 30s. iStore cattlo werp a -very small entry. We sold mixed yearlings, at £3 6s, calves 32s toobs, daily heifers ffolGs. Pigs.— Tliere was very little competition. Wo- sold porkers at' from 35s to 375. " ' --'■.-■ ' ' Wo draw attention to tho next weekly ordinary Matawhero stock sale on.Wednesday, 36th inst; 'Clearing sale at the Willdwa, on accountof'MrGeorge.Maxtyell, On /Thiu,'sd£ty, 27th 'inst. ,- and' tho annual ram fair at th© Park racecourse on Friday, 28th inst.