COMMERCIAL

Poverty Bay Herald, Volume LIV, Issue 16622, 14 April 1928, Page 14

COMMERCIAL

MATAWHERO .STOCK SALE STOKE SHEEP PRICES ADVANCE The entry of si on 1 sheep at the Matawhero stock sale yesterday totalled 7400. The quality was rather lielow tho usual standard, a good proportion of the ewes offering being low mouthed sheep lacking condition. The sale was decidedly brisk, and prices generally showed ah advance. The highest price for ewes was £i 3s for two-tooths, fairly good in size. early shorn and good conditioned. .A pen of 182 empty 2-tootli ewes, a good even lot in forward condition, made £1 Is lid. A line of 140 4-tooth to 5-year ewes, mouths guaranteed, an early shorn, fresh conditioned good lot, sold at £1 2s lOd. Five and 6-year ewes, early shorn, good size and condition, made 18s 10d, and 5-year ewes in good store condition 18s Bd. Some of the plainer sorts of ewes offered were: ]IS old, fair condition, (p) 14s !>d; 228 ewes, fairly plain, little condition. 14s lid'; 74 empty, condition fair, lis 4d; 121 ewes, condition easy, age doubtful, 10s 7d; 13(3 late shorn, little condition, 10s 4d; 151 empty, no condition, lis 7<l. Empty ewes, well forward, made 15s and 16s.

J Lambs showed a distinct advance, although they eased somewhat in the later stages of the sale. Shorn owe lambs from Mr. A. C. Steele's station, I Tahunga, made 18s 2d. Fairly big woolly lambs in good order reached 17s, and sturdy we'll done shorn-lambs made lfisOd.A; Medium ; ,sizc shorn lambs in go6d order made bis 2d and ; 13s fid. ! Wethers went to £1 3s for 2 and 4-tooths with good size and condition. Good 2-tooth wethers made £1 2s 4d, and rather small 2-tooth wethers, not carrying much condition, £1 Is 4d. DAIRY PRODUCE PRICES (Elec. Tel. Copyright—United Press Assn.) (Australian and N.Z. Press Association.! LONDON, April 13. Butter is slow, Danish bringing 178 s and 180 s for choicest salted. [Tn salted New Zealand is quoted at 108 s, exceptional brands 1725; Australian 160 s and 1625. Cheese is quiet with New Zealand bringing 96s and 98s. ENGLISH WHEAT MARKET (Australian Press Assn.—United Service.} LONDON, April 12. Wheat cargoes, influenced by the American cables, are firm, with sellers demanding an advance of Cd. There is a good demand. Australian parcels show an active demand with an advance of 6d .to Js. Quotations are: Ex Ceramic, 545; ex Delphic, 54s 3d; ex City of Hankow, 54s ljd; ex City of M'andalav, 54s net. Liverpool futures: May 10s' 9Jd, July-October lis. Spot trade is firm with. Australian, ex store, 38s 6d. Oats and barley are steady and peas and beans firm.

BANK OF ENGLAND RETURNS (Australian end N.Z. Press Association.) LONDON, April 12. Tho Bank of England returns issued are as follows: — Issue department: Note circulation £135,560,000, notes in reserve £40,791,000—total, £176,351,000; Government debt £11,015,000, other securities £B,735,000. gold coin and bullion £150,601,000—total £176,351,000. Banking department: Proprietors' capital £14,553,000, others' capital £3.117,000, public deposits £17,800,000, other deposits £102,220,000, seven dav and other bills £2ooo—total £137,692*000; Government securities £33,110,000, other securities £02,689,000, notes in reserve £40,791,000, gold coin and bullion £l,lo2,ooo—total, 137,629,000. Tho proportion of the reserve to liabilities is 34.90 per cent. AUSTRALIAN TRUST AGENCY (Australian Press Assn.—United Service.) LONDON, April 12. The Trust Agency of Australasia has a divisible profit of £100,437; to reserve £12,000 is .to be allotted, and £20,937 brought forward.

FOREIGN EXCHANGES. (Australian Press Assn.—United Service. (deceived April 14, 10 a.m.) LONDON, April 12. Foreign exchanges are: Brussels 34.96 frai.es: Paris, 124.02 francs Stockholm, 18.18kr; Oslo, 18.27kr '■. Copenhagen. 18.20kr; Berlin, 20.41 marks; Rome, 96.60 lira; Calcutta, 18d,: Yokohama, 23 9-16 d; Hongkong, 24£d' Montreal, 488 3-16 rents; New York. 488? cents; Amsterdam 12.11 M; Batavia. 12.13 A.

Twenty-four years ago Macfarlane Bros, imported Corriedale sheep from New Zealand for their estate at Bolong. Next week a consignment of 20 ewes from the estate will be snipped to the Dominion, the purchaser's object being to secure the blood of the first stud established in New Zealand by long retained purity throughout a quarter of a century.

Messrs. M. A. Eliott, Ltd., have received cable advice of the following Smithfield prices for the week ended April 13, 1928:—"Best North Island prime lambs, U/361bs 9Ad, 36/42 BAd, 42/50 B£d; ordinary North Island lambs, U/42 B|d, second quality, U/42 Bfd ; best North Island wethers * and/or maiden ewes 48/56 6|d, 56/64 63d, 64/72 s|d, 0/72 5Jd; ordinary North' Island wethers and/or maiden ewes, 48/56 56/64 6id, 64/72 sd, 0/72 sd; North Island ewes, U/64 sd. -64/72 4Ad, 0/72 4^d; New Zealand prime ox beef (equal fores and hinds), 160/2201bs 4d. Remarks : Light weight lamb, £d to higher; wethers, no change; ewes, no change; beef, no change."