COMMERCIAL

Taranaki Daily News, 23 February 1929, Page 4

COMMERCIAL

BLENHEIM OIL SHARES IN DEMAND Consequent on reported flows of oil from the Blenheim bore yesterday morning, the demand for shares was brisk. Reported sales to-day were at 57s 6d, 645, 65s ('five parcels), 755. Reported sales of Taranaki Oil were at 4s sd, 4s 6d and os. SHAREMARKET SALES. .Wellington, February 22. —‘Sales reported; National Insurance, 16s 2d; Wellington Woollens (pref.), £‘7. 7s; Electrolytic Zinc, ord., 3'6s 4}d; National ■Bank, £7 ss; Auckland Gas, fully paid, 24s 3d. Sale on Exchange: Blenheim Oil, 60s. Christchurch, February 22.—Sales on Exchange: National Bank of New Zealand, £7 4s 6d; Beath and Co., 29s lid; Dunlop Rubber, £1 7s 7d; Mahakipawa, Is 5d (two parcels). ' Dunedin, - February 22. —Sales on Exchange: Dominion Rubber, 34s 9d; Blenheim Oil, .60s. LONDON TALLOW SALE. Messrs Dalgety and Cd. have received the following cable dated February .20: /Trices are nominally 6d per. cwt. higher except for mutton, which is unchanged.” DAIRY PRODUCE. Messrs Dalgety and Co.’s London house cabled as follows on February 20:— “Australian and New Zealand butter and cheese prices are reduced., but buyers are still holding off. Nominal quotations for finest New Zealand 176 s to 178 s per cwt. New Zealand cheese, white, 85s; coloured, 88s.” HIDES, SKINS AND WOOL. L. A. Nolan and Co. report: —We held our sale of hides, skins, wool and tallow on Thursday, -instead of Tuesday, in order to avoid clashing with the Wellington wool sale. We offered a full catalogue to a bench of buyers fully representative of the tannery, fellmongery and export interests. All hides except cowhides sold at satisfactory prices, one line of ox realising 10 3-8 d per lb. Wool sold at late rates, a fa'll in price of from Id to lid being in evidence in sympathy with the general trend of prices. Sheepskins, both dry and salted, were keenly competed for and realised excellent prices. Tallow in tins sold at from 23s 6d to 26s 6d. The hide market is in a very, unsettled state. Cowhides are not wanted and it is not certain that the level of prices obtaining now represents bedrock. It would appear that there is an over-supply of light leather all over the world, and this, taken with the possibility Of an alteration in the American tariff prejudicial to hides imported into that edtuitry, ..has caused an almost total cessation of buying orders from Britain and the Continent, It will be seen, therefore, that an early improvement in price for lightweights cannot be predicted with any confidence. We quote:— Ox hides. —Extra heavy, 10£d:. heavy, 10 5-8 d and 10£d; medium, lOkl to 10 7-8 d; light, 7id to 8d; extra light, 6id to 6 5-8 d; cut, 9d to 9 5-Sd. Cow: Extra light, 6d t « 6Jd; light, Gid to and 7d; medium, 6 3-Bd, 6 5-Sd and heavy, Gid and 6 5-8 d; cut, 5 7-Bd, gd; slippy, 4fd. Yearlings: Light, 7id, Bd; cut, 7d; medium, 93d; heavy, 9d; cut, 7id. Calfskins: Extra light, 13d; light, 14d; medium, 14 3-8 d; heavy, 16d; cut, Hid; slippy, 7id; cut and slippy, 6d. Bull: 43d, ,4 5-Sd. Horses: 2s, 8s 9d, 9s; slippy, 6s Gd; cut, 8s 9d. ■Sheepskins: Salted pelts, 2s lOd, 3s, 4s 2d, 4s sd, 4s- Gd, 4s 9d, ss, 5s lid; seedy, 3 s Gd; damaged, 3s Id; lambs, 3s 4d, 4s, 4s Bd, 'ss 9d; shorn, is 7d, Is 9d, 2s 3d; long wools, 7s 6d; hoggets, 7s; dead, 3s, 4s. Dry skins at per lb: Woolly, Hid, 12d;, damaged, Bd, 9d, lOd, lOJd; lambs, lid, 12fd, 13|d; pelts, lid; damaged, 9d, 8d; dead, Bd, 9Jd, lOd; black, Gd; seedy, dead and damaged, 3d. Wool. —Fine fleece, 15(1; medium, rod; coarse, 12d; cottcd, lid; seedy, fid, 10jd; black, fid; hoggets, Hd, 13id; lam'bs, 12Jd; seedy, 63d, 8d; cr niching s, 24d; pieces, 4d; locks and pieces, 2d. "Tallow.—Tins, 225, 24s Gd, 25s per ewt. (Horsehair: Tail, Is 8d per lb; mane, Is; horsetails, Is each. LONDON DAIRY MARKET QUIET. London, Feb. 21. Butter.—Quiet. Danish, I'SSs to 190 s; choicest salted New Zealand, 174 s to 1765; Australian, 174 s to 1755. Unsalttds are in poor demand; New Zealand, 182 s to 184 s; Australian about ISOs. . Cheese. —Weak, New Zealand white 84s, coloured 105 s. BRADFORD WOOL MARKET, London, Feb. 21. The Bradford market shows a cheerful tone, but business is very small. Quotations: 64’s, 43}d; GO’S, 41d; 56 s, 32d; 50’s, 28d; 4'6’s, 22}d; 40’s, 214 d. CHICAGO WHEAT QUOTATIONS. New York, Feb. 21. Chicago wheat quotations arc:— March, 128} cents per bushel; May, 133 cents; July, 135} cents. NEW YORK~CALL MONEY RATE. Now York, Feb. 21. The call money rate of renewal market opened at 6} per cent., remaining steady at that figure. PIGS AND POULTRY. YESTERDAY'S PRICES. Newton King, Ltd., report that there was a full yarding at theif Haymarket pi" sale. A full clearance was effected at prices a little easier than those of the previous week. Prices were: Unfinished porkers, 29s Gd to 325; stores, 21s to -235; best slips, 13s to 15s Gd; good quality weaners, 10s to 12s; others, 5s Gd to 8s Gd. , • Webster Bros, report that egg prices for the week ranged from Is lOd to 2s Id per dozen. CANTERBUR Y Al A R KET. QUOTATIONS IN CHRISTCHURCH. Christchurch, Last Night. Deliveries of wheat arc now being made in earnest offerings and are considerably in excess of the buying capacity, unless growers are prepared to. accept the minimum figure. There is a fair amount of purchasing at 5s 7d a bushel on trucks, from this figure to 5s 8d covering values, with an increment for North Canterbury wheat. It iis understood that a fair quantity of wheat is going into store, the • n '.sent nriecs not appealing to the

board. Fowl wheat is inclined to be stronger and 5s 7d f.o.b. is quoted. A feature of the Gartons so far offered merchants is the excellent sample, which is bright and plump. As several big parcels have been offered, approximating in some cases to 4000 to 6000 bushels, the demand, however, is lifeless, although there is a. somewhat improved tone since early in the week. Sales have been made at 3s 4d and 3s 4}d Eo.b.s.i. for spread A Gartons and 3s o}d and 3s Id for B’s. Values on trucks are 2s 8d for A’s and 2s 5d for B’s. The demand for Algerians semes to have disappeared, and this variety is a drug on the market at present. Chaff is quoted at £5 7s Gd and has been bought at £3 10s on trucks from fanners.

Akaroa cocksfoot is in keen demand and some purchases have been made at B}d a lb from farmers. Ryegrass is not occupying the attention of a week or two ago, it being considered that most of the perennial has got into the merchants’ hands. The current values are from 4s to 4s Gd a bushel on trucks. Reports from the south state that a good crop promises

Italian ryegrass is quoted at 3s 6d to 3s 9d. White clover has been offering, but samples are not good. From 8d to lOd alb is the quote to farmers. It is early yet for cowgrass offerings, but the carry-over in this seed was fairly heavy and the new season's values will b 0 affected thereby. Up to Gd a lb is quoted to farmers. The northern inquiry for seed, however, continues to be disappointing. As a rule, the end. of February sees a fair volume of inquiry. There is no change in potato values, though the lengthy spell of dry .weather is causing a few forward sellers to take more interest. The Auckland inquiry is small for March and April, but some purchasing has been done for later months at £5 15s f.o.b.s.i.

TARANAKI STOCK MARKET.

EASING TENDENCY IN EVIDENCE.

Messrs. Newton King, Limited, report on the stock market for this week as follows: — During the week freezing prices for all classes in the beef section have been reduced and consequently the prices ruling at the firm’s various centres have fallen accordingly. Vendors are meeting the market, however, and full clearances are being effected in practically every centre. Prices ruling are: Heavy fat cows, £9 10s to £lO 10s; lighter, £B~ 10s to ' £9; killable sorts, £7 to £7 15s. Sales through the medium of private treaty for ox beef are being steadily effected at prices at little easier than late quotations. Prime heavy bullocks are being purchased at from £’l2 to £l3, while the lighter sorts are realising £lO to £H. As with beef, the demand for all classes of fat sheep has a tendency to ease a little. Works buyers are operating at reduced prices and in view of the fact that the feed in a number of districts is not so plentiful, owing to the dry spell, as -t has been, falteners are realising on their stocks at the prices offering. Very few fats are being, submitted to pLiblic auction, the majority of sales being effected in the paddock. The bigger lines of wether and ewe mutton are being purchased for freezing purposes, while no difficulty is being experienced in fulfilling requiienents for local consumption from the smaller lines that are offering, at prices a little in advance of those offering by freezing works’ buyers. Sales to works buyers°for the various classes, are being effected at the following prices: Fat wethers, 31s to 325; fat ewes, 21s 0 235; best fat lambs, 25s to 26s Gd; others, 23s to 245. , All sheep fairs with the exception ot the firm’s supplementary fairs have been completed and the results have been very good. In view of the many thousands of store sheep that have changed hands it is natural to conclude that the oreater number of requirements have been fulfilled, with the result that the demand has eased to some extent and the prices offering for the numbers coming forward to the usual fortnight y stock sales have a tendency, to ease a little. This fact is most in evidence with regard to lambs and breeding ewes. The market, generally speaking, compares if anything more than favourably with the corresponding period, for last year and sales are being steadily effected, both at public auction and. by private treaty. At the firm’s Pumwhakau fair on Thursday last approximately 2.000 sheep were submitted to a good bench of buyers, but prices were a little easier to those ruling at the other fairs. A full clearance was effected, the prices ruling being: 4 and 5-year ewes, 24s Id to 26s Gd; failing mouth ewes, 10s Gd to 235; two-tooth wethers, 2Ss- m.s. b.f woolly lambs, 18s; small m.s’ lambs, 12s 2d to 14s 9d; f.m. Romney rams, 1} guineas to 3 guineas. Prices obtained at other centres are: Two-tooth ewes, 38s to 38s Gd; 4 and 5-year ewes, 26s 8d to 28s 4d; mixed age ewes up to 335; best two-tooth wethers, 28s; small, 26s Cd; four-tooth wethers, 29s 7d; good wether lambs, 19s MJ small, 14s 9d to 15s Gd; culls, 10s Gd to 13 The demand for male cattle, under the heading of store cattle remains ssteady with insufficient offering to fulfil re quirements, with the result that the limited numbers that arc quoted meet with a ready sale, mostly through the medium of private as he firm s fortnightly sales are practically devoid of this class. Sales being effected a c •24 to 3-year steers (good colours), £b 10* to £9; mixed coloured sorts, £7 5s to £7 15s; Shorthorn weaner steers, £4 os to £4 10s; mixed coloured sorts, £3 ro £3 10s. With the decline in the price offering for beef, prices ruling for store and forward cows have also sufieiulL decline. Vendors are meeting, the ma ket and full clearances, are being effected of the medium yardings that.aie in" submitted, the prices ruling bem„. Good-framed forward-conditioned cow*, £5 15s to £6 ss; best stores, £4 to £4 15s; others, £3 to £3 10s. Now that the feed is easing, fair numbers or weaner Jersey and Jersey-crosa aeiici are coming forward to the open maiteU A «*“» I’7“ cattle of good quality, sales being ollec ed a t from 43 to £5 10s, while t» and mixed-coloured sorts are dull o sale. Prices for this class range Hom £2 10s to £3 10s. Although as yet early in the seaso for dairy cattle a fair inquiry exists for in-calf heifers, and paddock sales during the past week to outside buyers have been effected at from £9 to 10s according to the quality of the cattle, j few small lots have been submitted to auction at various centres and haie changed hands at prices if anything a little in advance of those offering at this period last year. Prices ruling are:Jersoys of good quality, £8 10s to £9 small and mixed coloured sorts, £7 to £7 10s; Holstein heifers of good mai icings, £7 to £7 10s; others, £6 to ib Ids. Heavy yardings of store and weaner ni"s are being submitted at various centr,w and .Jth'oimh the prices have eased,

full clearances are being effected at the following prices:—Large slips, 23s to 255; smaller sorts, IBs to 20s; slips, 13s to 15s fid; best weaners, 8s Gd to 10s fid; small. 4a fid to O.s