COMMERCIAL.

Taranaki Daily News, 14 March 1916, Page 2

COMMERCIAL.

LONDON MARKETS. By Cable.—Press Association —Copyright London, March 11. Wheat—Quiet; Chicago May options 110 i to 1112 cents. July 108J to 110% cents. Cotton—March-April, 7.6 d. Jute—February-March ,£34. Hemp—March-May, £47 os. Copra—February-April £35 15s. Rubber—Para 3s 2146!, plantation 3s 7%d, smoked 3s 7d. Hidjes.—Soles, firm and unchanged; leather, strong demand and stocks small; best Sydney 18d to 20d, Melbourne 18Jd to 20y B d. Basils arc in good demand and better qualities advancing, but commoner are unchanged; first Sydneys 15d to MS'/od, New Zealands i7d to 19d. Babbits—Firm and unchanged. Frozen meats arc unchanged, but quotations for all sheep are nominal. Wool—The better tone continues, with bidding more general and prices slightly harder all round. The following prices were realised for the fleece portions of the New Zealand clips named: Otairi, top 19Vsd, average 18% d; Akitio, 19% d and 18»/ e d; Glenside, 19</ 2 d and 17% - Lead—lmports 19,490 tone, exports 1427 tons, Wheat and flour.—The wheat and flour afloat for Britain is 2,775,000 quarters, and for the Continent 3,615,000 quarters. Atlantic shipments are 798,000 quarters and Pacific 10,000 quarters. The total for Europe is 1,395,000 quarters, including Argentina 281,000 quarters and Australasia 00,000 quarters. THE WOOL MARKET. London, March 12. Wool.—"phe e tt er t° lle continue and prices are in sellers' favor. To date 62,481 bales have been catalogued, and 51,774 sold. The following prices were realised for the fleece portions of the New Zealand clips named:—Ngatapa, top price 19d, average lSd; Moriotaria, 23</.d and 22% d; Bushy Hill, 18d and n%d; Annedale, 20d and 18% d; Tautana, 20d and 19»/ 5 d. DISCOUNT RATES RAISED, London, March 11. Australasian banks will on Wednesday raise the rate for purchasing sight bills on Australia and New Zealand to 2'/;. per cent,, with a further % per cent, added for every thirty days' additional currency. DAIRY PRODUCE MARKET. Messrs. Lonsdale and Co., London (Mr. S. Turner, New Zealand agent), cables: Butter—Stea'dy at 162s to 1645; unsalted 164s to 1665. Cheese.—Very firm at from 98a to 100s. LOAN & MERCANTILE CO.'S REPORT.

The New Zealand Loan and Mercantile Agency Co., Ltd. (Stratford branch) report as follows: On Friday, February 25, we held our Puniwhakau sale in Mr. H. B. Worthington's yards (by his kind permission), when we had a yarding of 40 cattle and 2100 sheep. We sold all the cattle and practically all the sheep, with the exception of a small line of lambs. There was a large attendance of outside buyers. Prices throughout were very good: —Mixed weaners 375, 4-year eweg 2H Id to 22s Bd, 4 and fl-tooth wethers 23s 6d to 255, 2-tooth wethers 21s fid to 235, 2-tooth ewes (small) 21s lOd, lambs 9s 8d to 14s, cull ewes 12s Id to 14s, 4. and 6-tooth ewes 235. On Thursday, March 2, we held our supplementary sheep fair in our Kohuratahi yards, when we yarded 1900 sheep, all of which were sold except one line of 4-tooth wethers. Prices were good, but several lines were passed at the hammer and sold afterwards. Three and four-year ewes made 20s to 24s fid (for early shorn), 2, 4 and 6-tooth ewes 23s 7d, 4 and 5-year ewes 12s lid to 19s fld, 4-tooth wethers 2.1s 6d to 24s (Id, 2-tooth wethers 22s 2d to 22s 4d, 2-tooth ewes 24s lOd, 0-tooth Romney rams 4% guineas, f.m. Romney rams l'/o guineas, Our next Kohuratahi sale will he held on Thursday, March 30. On Friday, March 3, we held our monthly sale in our Te Wera. yards, when we had n yarding of (55 head of cattle and 1950 sheep, most of which were disposed of. Lambs sold from 13s to 15s lOd. f.m. ewes 12s to IBs 4d, 4-tooth wethers 23s fid, mixed aged ewes 25s Id, 3-year bullocks £lO Jos. stoTe cows £3 7s fid to £5 (for small) and £5 10s to £7. bulls £5 10s to £lO, 2-year empty heifers £4 15s, weaner steers 40s. weaner heifers 2fis to 30s. Our next Te Wera sale will be held on Friday. Umvli 31.

On Monday, March fi, we held our supplementary sheep fair in our Stratford yards, when we yarded over 4000 sheep. Prices throughout were quiet, and we only disposed of about half the yarding. Two-tooth ewes made 225. woolly lambs 14s to 15s Bd, store lambs 13s (id to 14s. 2 and 4-tooth wethers (small) 21s Od to 235, f.m. ewes 12s 6d to 17s, 4-year sheep ISs lid to 21s, 2-tooth wethers 225, 2-tooth Lincoln rams if, gns., 2-tooth fiomney rains 2 to 3gns. On Tuesday, March 7, we held our usual fortnightly sale in our Stratford yards, when we yarded 450 head of sheep, all of which were sold, and 35S head of cattle, which were mostly cleared at better prices than those ruling of late. Cull ewes made 9s to lis 9d, good lambs Ms Gd to 14s 9d, bulls £5 to £7 for medium, £8 to £lO 10s for heavy, and up to £l2, fat cows £8 7s 6d to, £lO 3s 6d, forward cows £(i las to £B' store cows £4 10s to £6, 3-year bullosas £l2 Is, weaner steers 3tis to 45s and 52s to 50s lid for best, weaner heifers 21s 6d to 35s and up to 4Cs for choice Holstein heifers, 18-uionths inealf heifers£4 2s Od to £5. Next Stratford sale Tuesday, 21st inst On Tuesday, 7th inst., wc also held our monthly sale of wool, sheepskins, hides, etc., when we offered a catalogue of 192 packages of wool, with good supporting quantities of sheepskins, hides, etc. There, was a good attendance of buyers. Sheepskins showed a drop of Id per lb and fleece wool, hale and bag, a drop of %d per lb, and lambs' wool a drop of y 4 d per lb, no doubt in sympathy with latest London cable advices. Bole wool: Crossbred pieces 6>/>d, crossbred fleece Is Id to Is 2d, crossbred lambs (little fleece) lid to Is, crossbred lambs Is l%d, crossbred lambs (seedy) lid. Sack wool: Crossbred pieces 7d, crossbred fleece (dead) S l / a d to lO'/jd, crossbred crutchings S'/jd, croosbred fleece (part black) 9d to 9%d, crossbred lamb 3 (par fleece) 10y»d, crossbred fleece 11%(1 to Is 0y 2 d, crossbred lambs lOd to Is. Sheepskins: Pelts, fair 4y 4 d, good Cy 2 d, crossbred, dead and torn, 7d, crossbred half-woolled 6%d, crossbred full-woolled 9%d to 10% d, crossbred hoggets lid, crossbred lambs lOd, crossbred lambs, torn, 6y 2 d, crossbred salted pelts Is Od, 2s Id, 3a ~9d

to 4s 3d each. Hides: Cowhides,settlers' 7*d, butchers' 401b B|}d, 331bs 8d; butchers', heavy BVid, calfskins 8y 8 d to By s ; bones, 4s per cwt.; tallow, in tins, 21s fidto 23s per cwt. Our next wool, skin and hide sale will be held on April 4. On Thursday, 9th inst.,lwe held our second sale in our Tarata yards, when we had an extra heavy yarding of sheep and cattle, having to hold several lines of cattle in the road. By next sale we hope to have our yards completed. The yarding consisted of 2500 sheep and 340 head of cattle, of which we sold practically all the sheep and a large proportion of the cattlce. Prices throughout were good, and a line of shorn lambs on account of Mr. J. Smith topped the market at 17s 7d, a record price, we believe, so far this season. A nice line of 2-tooth ewes on account of Mr. F. M. Standish also made the record prico of 27s 3d. Four-tooth wethers 24s to 21a 9d, 4 and 5-year ewes 17a to 19s, small lambs 8s 2d to lis 6d, good lambs 12s 6d to 15s 7d; a choice line on account of Mr. J. Smith brought keen | competition and fell to an Inglewood buyer at 17s 7d; woolly lambs 14s Sd, 2-tooth ewes 21s lOd to 23s and up to 27s 3d for a choice line on account of Mr. F. M. Standish, 6-tooth ewes up to 2-ls. «-tooth and f.m. ewes 20s to 22a, cull ewes !) 3 to 13s, 2-tooth Lincoln rams 4Jgns.. f.m. Romney rams _ jo 2 gns., fan. Lincoln rams 1| to a gns., f.m. Southdown rams 30s, fat cowa £7 15s to £8 9s, bulls £0 to £B, store cows £1 10s to £5 15s, 2-year empty heifers £5 to £5 2s, 18-month steers £4 3s to £4 16s fid, springing heifers £0 15s. Our next Tarata sale will be held oa Friday, April 7." | Since we last reported we have dispos- j cd of several lines of stock- privately, and quote as follows:—S'/s-year bullocks £l2 2s fid, 18-month steers £4| 10s to £4 15s. 18-month empty heifers £3 lis to £3 12s fid, weaner steers 45s to 50s, weaner heifers 21s to 30a, bulls £7 5s to £9, cows (small) £4 10s to £5 2s fid, 4-tooth wethers 23a 6d to 24a 3d, 2-tooth wethers 21s 9d to 22s 10d, 2-tooth to f.m. ewes 20s fid, f.m. ewes 13s to 20s, 2-tooth ewes 23s to 25s fid, 2-tooth Romney rams 3 to 4gns. The Hawera branch of tho Loan and Mercantile ' Co. reports:— Our autmna horse fair was held at Opunake on the 4th inst., and was well attended. Some 120 horses were catalogued, and the entry included many useful horses. Competition was keen for anything of quality, and practically everything saleable found buyers, satisfactory prices ruling. Medium draughts, brought from £25 to £32 10s, do. unbroken £2O 10s to £3O, half-draughts and milk carters £l6 to £25 10s, do. unbroken £l2 10s to £lB 10s, carriage horses £ll to £l9, hacks (good) £l3 to £lO, do. unbroken £4 10s to £lO 10s, weeds £2 10s to £0 10s, ponies £6 to £B. The correct cards for the Opunake race meeting, to be held on the 17th inst., were knocked down at £4O. At Eltham on the Bth inst. we had a good muster of cattle. Prices were much easier and many lines were left unsold. F*t cows brought from £9 to £9 10s, extra prime to £l2 Is, forward cows £7 10s to £8 15s, good store cows £0 4s to £7 Bs, small do. £4 18s to £5 10s, bulls £7 10s to £lO 10s, weaner steers, £2 10s to £2 12s fid, small do. £1 18s fid, Holstein weaner heifers £2 2s fid, weaner heifers £1 Is to £1 10s.

At Hawera on the 9th inst. we had la heavy yarding of sheep and *. lair entry of cattle. A large volume of business was done, both at auction and after the sale, although prices all round were much easier. Fat ewes brought 235, fat and forward ewes £l, s.m. bush ewes 20s, f,m. ewes 15s to 19«, good shorn lambs 15s, cull ewes lis 2d to 12s 6d, small woolly lambs 13s 2d, cull lambs 7s Id to 8s 9d, rams 2 to sy,gns., fat cows £9 10s to £lO 10s, small fat heifers £6 7s 8d to £6 17s od, fresh-conditioned cows £S 10s to £9 forward cows £7 6s to £8 ;!s, store cows £4 5s to £8 7s fid, tinners £2 U to £2 10a, boners £3 17s 6(1 to £4 ss, bulls £8 2s Cd to £9 2s fid, springing dairy heifers £0 15s to £7 10s, 2-year heifers in calf £5 15s, 18-month do. £4 15s, 18-month empty heifers £3 to £.j ss, wcaner steers £2 4s to £2 7s, weaner heifers 17s to 283. mixed weaners 2_; to 265, small store pigs 17s to 21s. FARMERS' CO-OP. OROAXIRATION SOCIETY'S REPORT. At Opunake yards on Monday, Oth lust., only a small yardin;; of cattk came forward, and practically everything was sold at late rates. Freshconditioned cows £8 10s to £8 18s, furward cows £7 8s to £8 Ss, store cow. £5 to £0 Ms, weaner steers £2 to £2 sd, heifers £1 2s to £1 fis, fat ewer £1 ss.

At Manaia yards on Tuesday there was a largo muster of cattle, and over 800 sheep "were yarded. Buyers were in attendance, and the whole yarding changed hands. Prices were good throughout. We quote: FIM. ewes 10, to IBs fid, store lambs 13s, prime f.ii cows to £ll IBs, fat cows £9 5s to £lO Od, fresh-conditioned cows £S 89 to £9, forward cows £7 to £8 as, store cows' £5 10s to £0 17s 6d, small in-calf heifers £4 19s to £5 10s, wcaner steers £1 15s to £2 ss, heifers £1 to £1 5s fid, bulls £3 to £lO ss, store pigs 19s fld.to £1 2s, wcaners 8s to 12s 6d. Sundries sold at ruling rates. On Friday, 10th inst,, at Auroa, there was an extra, heavy yarding of cattle. There was a good attendance of buyers, and' practically tin; whole yarding "was disposed of under the hammer. Prices were firm throughout. We quote: Store lambs 14a 3d, f.m. ewes 15s (Id, bulls £4 12s fid to £7, heavier bulls £8 17s (Id to £l2 3s fid, fat cows (heavy) £9 Is to £ll 3s, forward cows £7 10s to £9 Is, store cows £5 10s to £7 3s, boners £2 19s to £3 12s, 18-month heifers in calf £5 Is to £5 9s, weaner heifers £1 to £1 13a, weaner steers £1 to £2 (is, pigs 203. Sundries sold at ruling rates.