COMMERCIAL.

Taranaki Daily News, 11 June 1921, Page 2

COMMERCIAL.

FREE WOOL SALE. GOOD DEMAND FOR CROSSBREDS. By Telegraph.—Press Assn.--Copyright. London, June 9. At the free wool sale there was a good selection 'of scoured and greasy merinos and some fine Tasmanians, which were in strong demand. The Germans were the largest operators and everything sold at flill opening rates, with occasionally a slight advance. There was a good Home and Continental demand for crossbreds at full rates. The Dunlop clip brought 36d top price, average 33%d; Ead 25%d and 24%d; Toorale 40d and 33d; Boatman 30d and 29d. At Bradford there was a good tone, but the coal shortage Is affecting business. Sixty-fours, 42d, 60's 38d to 39d, sQ's 22d. BUTTER AND CHEESE. LONDON MARKET PRICES. London, June 9. Butter is quiet and unchanged. Cheese is flat. New Zealand white 115 s to 116, colored 106 s to 110 s. Australian nominally 100 s to 110 s. Canadian about 98s to 104 s. AUSTRALIAN MARKETS. Melbourne, Juno 10. Hides.—'Market firm with an advance of a farthing to a half-penny all round. Barley.—English 4s 3d to 4s 4%d; Cape 3s 3d to 3s Oats: —2s 4d to 2s 6d. Potatoes.—£4, £5 ss. Onions;—£2 10s to £3. BURNSIDE STOCK SALE. A GOOD DEMAND. Dunedin, June 8. There were fair yardings in each department of fat stock at the Burnside sale to-day. The demand generally was good, especially for fat sheep and lambs, and the sale closed with prices firm at last sale’s rates. Fat cattle prices eased towards the close of the

Fat Cattle.— A medium yarding of good quality. The number penned was 188, a fair proportion being good finished cattle and the balance good to medium. Prices at the opening were on a par with last week’s rates, but as the sale progressed became somewhat easier, and had receded to the extent of 10s per head at the close of the sale. Prime beef sold at from 35s to 37s 6d. per 1001 b, medium. 30s to 345. Cow beef was down to 20s. Extra prime heavy-weight bullocks realised up to £2l 10s, prime to £l7 10s, medium £l2, others £7 upwards, best cows and heifers to £l4 10s, medium £lO to £l2, others £7 upwards. Fat Sheep.— A medium yarding, numbering 2555 head of varied quality. There was a keen demand from butchers, best sheep realising last sale’s rates. Light and unfinished sorts sold very readily, and realised slightly more than the same class of sheep last week. Prime' wether mutton was worth about 4d per 'lb, and plain wether and ewe 3d to 3%d. Prime heavy-weight wethers realised 22s 9d to 28s fid, (medium 17s 6d to 21s 6d, lighter kinds 13s Upwards, prime ewes 19s fo 245, medium 14s 6d to 18s, light and aged 9s upwards. Fat Lambs.—26l3 were penned, a full yarding, which met with keen competition. Freezing buyers were operating; strongly, and butchers being also in evidence, a brisk sale resulted. Last week’s rates were fully maintained. Extra prime lambs realised 26s 9d to 28s. prime to 22s 9d, medium 14s 6d, prime lambs made up to 6%d per lb, and some special lines in the vicinity of 7d. Store Cattle.— A small yarding of poor quality. The sale lacked animation, and cattle in backward condition Were hard to quit. The sales effected were on a par with late rates. Pigs.—A good yarding, all classes being well represented. A good sale resulted, the price realised equal to late quotations. Prime baconers arid porkers were sold at values equal to 8d to 9d per lb. ADDINGTON STOCK MARKET. FURTHER SLIGHT IMPROVEMENT IN PRICES. Christchurch, June 8. At the Addington market to-day values showed a further slight Improvement, beef particularly bringing higher prices. Store Sheep—A smaller yarding and a freer sale. Good forward 4 and G-todth wethers realised 15s 9d to 18s, fair, 12s 4d to 14s 4d, two and 4-tooth half-bred wethers, 17s 9d, cull and inferior two-tooth wethers 7s 7d to 8s 3d, good forward lambs 10s 6d to Ils 6d, fair wether lambs 6s 3d to 8s 9d, cull lambs 5s to 6s, good halfbred ewe lambs 15s 9d, inferior ewe lambs 6s 3d to 7s 6d, good 4,6, and 8-tooth ewes, 18s 9d to 24s Id, fair, 13s 6<l to 14s, aged, failing-mouthed ewes 6s 9d to 9s 4d. Fat Lambs.— A good sale at late values. Extra \prime realised 23s 6d to 27s 6d, prime 20s to 22s lOd, medium 16s 9d to 19s 9d, light and unfinished 13s 4d to 16s 3d.

Fat Sheep.—-A big yarding and a spirited sale. Extra prime wether's realised 29s 3d, prime 21s 6d to 25s 3d, medium 18s 3d »o 21s 3d, inferior 13s lOd to 17s 9d, extra prime ewes 26s 6d, prime 17s 9d to 225, medium 15s to 17s 6d, inferior 10s to 14s 6d. Fat Cattle.—A small yarding, and an increase in values for steey beef of 20s per head. Extra prime steers realised £2l to £23 ss, prime £l5 to £l7 15s, medium £ll to £l4 l?s Gd, light £7 to £lO 10s, prime heifers £lO to £l5 12s 6d, ordinary heifers £5 15s to £9, prime cows £7 15s to £l4, ordinary cows £5 to £7 10s. Dairy Cows. —Good Jersey springers realised £25 10s, medium to good cows £l2 to £l6 10s, good springing heifers £lO 10s to £l5 10s, medium £7 to £9. Store Cattle.—-A slightly improved demand. Three-year steers realised £6, two-year-olds £4. Vealers.—A rise in values on last week’s rates of 10s. t Small runners realised £5 10s, good vealers £4 ss. Pigs.—Coppers £3 to £6 7s 6d, light baconers £4 10s to £5 ss, heavy £5 15s to £6 6s (average price per lb 7%d to 7%d), light porkers £2 10s to £3, heavy £3 5s to £4 (average price per lb lOd to LONDON MARKETS. HIGH COMMISSIONER’S CABLED REPORT. The Department of Agriculture has received the following cablegram, dated June 4, from the High Commissioner for New Zealand, London:— MEAT. Trade and prices irregular. N.Z. lamb remains firm, in good demand: June 4, Is l%d, Is 2d; May 28, Is 2d, Is 2%d; May 21, Is 2%d, Is 3d. N.Z. mutton, wethers, heavyweight, poor demand: June 4, 6%d, 7%d, lightweight B%d. . Ewes, quiet trade, June 4, heavyweight F>y 2 d, 6%d; lightweight, 7d. N.Z. beef, little demand, and quotations nominal. This season's prime ox quoted, June 4, hinds 7d; May 28, 7d, 7%d; May 21, 6d, 7d; fores, June 4,4 d; May 28, Sy 2 d, 4d; May 21, 4d. Chilled beef, moderate supply: June 4, hinds lOd, fores 4d, sd; May 21, hinds 9y 2 d, fores sd; May 28, hinds 9d, lOd, fores 4d, sd. BUTTER. Market quieter. Irish, supplies small and prices irregular. Danish, slow, production is increasing, and export similar to pre-war. Irish creaimeries, June 4,190 s to 208 s per cwt, (Is B%d to'ls 10%d per lb); May 28, 190 s to 200 s per cwt (Is B%d to Is 9’4d per lb); May 21, 180 s to 192 s per ewt q 3 7%d to Is B%d per lb). Danish creamer...

June 4,200 s to 204 s per cwt Is 9%d per lb) ; May 28, 210 s to 214sr-jj 6 J' (Is 10%d to Is lid per lb) ; May 21 208 s to 212 s per cwt (Is 10’Ad to Is 10«4<r per lb). New Zealand: June 4,198 s to 200 s per cwt (Is 9’/ 4 .d per lb); Maj’ 28, 194 s to 200 s per cwt (Is B%d to Is 9*4d per lb) ; May 21, ’92s to 196 s per ewt (Is to Is 9d per lb). Australian: June 4,178 s to 188 s per cwt (Is 7d to Is 8d per lb); May 28, 182 s to 186 s per cwt (Is 7ftd to Is 7%d.

per lb); May 21, 182 s to 190 s per cwt (Is 7%d to is B%d per lb). Argentine: June 4,154 s to 176 s per cwt (Is 4%d to Is 6d per lb); May 28, 154 s to 170 s per cwt (is 4y>d to Is Gd per lb); May 21, 160 s to 164 s per cwt (Is 5%d to Is 5%d per lb). Government prices ex store—New Zealand, June 3 to June 9,' 196 s per cwt (Is fid per lb); May 27 to June 2,196 s per ewt (Is 9d per lb) ; May 20 to May 26, 192 s per cwt (Is B%d per lb). Australian: June 3 to June 9,180 s per cwt (Is 7%d per lb); May 27 to June 2,186 s per cwt (Is 7%d per lb) ; May 20s to May 26, 18Gs per cwt (Is 7%d per lb). Argentine: June 3 to June 9,152 s per cwt (Is 4*4d per lb) ; May 27 to June 2, 152 s per cwt (Is 4V4d per lb); May 20 to May 26, 160 s per ewt (Is 5%d per lb). CHEESE. Market quieter, prices lower. Canadian, June 4, white, delivery late June offered at 100 s per,ewt (10%d per lb) ; colored 102 s per cwt (lid per lb) ; Canadian, colored, 112 s to 118 s per cwt (Is to Is o%d per lb). For future delivery, quotations 91s, 93s per cwt (9%d to lOd per lb), c.1.f., but buyers cautious; May 28, 130 s to 136 s per cwt (is l%d to Is 2%d per lb) ; May 21, 140 s to 142 s per cwt (Is 3d to Is 3’4 per lb). New Zealand: Spot lower. Proportion of colored has increased and prices about same as white. June 4, white, 122 s to 126 s per cwt (Is,ld to Is l%d per lb) ; colored 122 s to 128 s per cwt (Is Id to Is l%d per lb). May 28, white 128 s to 132 s per ewt (Is l%d to Is 2d per lb); colored, 136 s to 142 s per cwt (Is 2y>d to Is 3d per lb). May 21, white, 130 s to 138 s per cwt (Is 2d to Is 2%d per lb) ; colored, 148 s to 152 s per cwt (Is 3%d to Is 4%d per lb). Australian: June 4, white, 112 s per cwt (Is per lb); colored, 118 s per cwt (Is o%d per lb) ; May 28, white, 128 s to 130 s per cwt (Is l%d to Is l%d per lb) ; colored 130 s to 136 s per cwt (Is l%d to Is 2%d per lb). May 21, colored, 142 s to 148 s per cwt (Is to Is 3%d per lb). Stocks Canadian June 2, 25,474 boxes, against 21,806 last year. New Zealand 3431 crates against 2083 crates. CASEIN. Market continues weak, quotations nominal. Lactic, Argentine, £57 per ton. Rennet, English, £6O; French, £5B to £64; Dutch, £92;, New Zealand and Australian, £63 12s per ton. HEMP. Manila market, flat. Sellers quote “J” grade, February-April shipment £4O; March-May to June-August shipments £3B per ton. New Zealand still without Interest. Nominal quotations are: Hlghpoints, £3B to £39; fair, £36 per ton sellers June-August shipment, possible buyers 40s per ton less. WOOL. Bradford market maintains firm tone, operation of Continental buyers influencing market values. At next week’s London sales 8.A.W.R.A. offerings will consist of 60,000 bales, of which 9200 bales New Zealand, 1000 reconditioned, 49,800 Australian. In addition, 52,000 bales privately owned will be offered for sale, including 29,000 bales Australian, 16,000 bales New Zealand, 5000 bales South American. HONEY. Market continues dull. Fine grade worth 70s to 80s per cwt to B%d r®r lb) nominally. Low grade not wanted. Nominal quotation 40s to 45s per cwt (4’4d to 4%d per lb). FARMERS’ CO-OP REPORT. The Farmers’ Co-operative Auctioneering Company, Limited, Hamilton branch, report: — Beef.—The supply of prime beef Is rapidly diminishing and values show a corresponding increase. Mutton.—The market for mutton is also advancing, and may be expected to keep pace with the market for beef. Store Cattle.—There is a much stronger enquiry for store cattle generally, and im-. provement in the market is likely to result. It is difficult to clearly Indicate in figures, to what , extent improvement has already been observed, but it can be stated with certainty that a. line of store cattle could not be put together to-day, at the rates ruling a few weeks back. The demand for turnip cattle has greatly strengthened and buyers are willing to inspect anything offering in this class. With the advance in beef no doubt , a general rise dn store cattle will be witnessed.

Store Sheep.—There is a strong enquiry for wethers which it is not at present possible to fill. Reports from Southern centres also indicate shortage. Forward ewes are likewise in good demand. Store lambs on the other hand seem to have somewhat declined. Ewes in lamb have not risen far in favor, although an early advance in this class of stock seems not impossible. Dairy Cattle.—Little alteration is noticeable since our last report. The tone is firmer although averages at the various clearing sales are considerably below those recorded at this period of last year. There is still a fair enquiry for dairy heifers, and good lines at reasonable figures can be disposed of. Pigs.—The pig market is very firm with a rising tendency. Good prices may be anticipated for some time ahead. We quote as follows: — Bullocks: heavy prime £l2 to £l5, medium £9 to £lO 15s; cows: heavy £8 to £l2 7s 6d, medium £5 to £7 ss, forward £2 15s to £4 10s; steers: 3%-year £6 10s to £7 10s, 2%-year £3 15s to £5 ss, 18months £1 10s to £3; heifers; 18-months £1 10s to £2 10s; cows: store 15s to £1 15s; heifers: r.w.b. 2’4-year Shorthorn £7 5s to £9 IJs, 2-year £4 15s to £6 10s; calves: best 15s to £1 Is, medium 10s to 126 Gd, small 2s 6d to 7s'6d; dairy cows: best, at profit £l2 to £lB, second quality £7 to £10; wethers: prime 19s Gd to 245, medium 16s to 18s 6d; ewes: prime 15s to 18s; wethers: forward 4-tooth 14s 6d to 18s, forward two-tootl; 12s to 15s, store Ils 6d to 14s fid; ewes: store 5s to 7s Gd; lambs: fat 14s Gd to 17s 6d, store (shorn) best 7s 6d to Ids, medium 5s to 7s; pigs; baconers £4 5s to £6 10s, porkers £2 to £3 ss, slips 17s 6d to £1 10s, weaners 5s to 10s 6d; horsesd: heavy draughts £3O to £45, medium draughts £22 to £3O, light draughts £l7 to £2l 10s, harness horses £7 to £l5, hacks £4 10s to £9. NEWTON KING, LTD., REPORTS. At Douglas on June 6 a fair yarding of both sheep and cattle was offered to a. moderate demand. Prices showed little movement :—f.im. ewes 7s 3d, forward wethers 13s, store cows 355, £2 ss, forward do. £3, £5 ss, in-calf cows £8 ss, in-calf heifers £4 ss, springing heifers £B. At Stony River on 7th inst. the yarding was small, but inquiry was good, and 2-year steers and dairy heifers close to calving were keenly souoght after. Sore and meaty cows met with the usual demand, no weaners coming forward. Store cows £1 4s 6d, better sorts £2 5s Gd, £2 7s 6d, £2 10s, 2-year old steers £2 10s, £2 12s, in-calf cows £4, springing heifers £ll ss, £l3, heifer calved £9 15s. At Waiwakaiho on 9th inst. a fair yarding met with a brighter demand, this being particularly so for dairy cattle. Some fair quality spring calvers wer§ amongst the offering, and although a- little low in condition, made good prices. M.S. weaners 15s Gd, Jersey weaner heifers £3 10s fid, empty heifers £3 10s, 20-month steers 26s Gd, store cows 10s, 345, Jersey Bull £6, dairy cows backward and inferior £5 10s, £6, £7 10s, £B, better sorts £lO, £lO 15s, £l4, choicer quality £l4 10s, £l5, £l7. At Urutl on Sth inst. we conducted a clearing sale on account of Mr. D. Rea. There was a very good attendance of buyers, and a keenly contested sale was the result. The herd, which contained practically all young Jersey cows, was a good one, the best of which sold at £3l 10s, <many between £2O and £3O, a satisfactory average of £l6 5s being obtained for the 53 head (which included good quality, and made from £l4 to £23. Weaner Jersey heifer £7 Ils, pedigree Jersey bull 44gns. A few well-grown and quality Holstein heifers on account of other vendors sold from £9 10s to £l4.