COMMERCIAL.

Taranaki Herald, Volume LXVII, Issue 16454, 5 June 1919, Page 7

COMMERCIAL.

FREIGHTS ON WOOL. By Telegraph—Press Assn.—Copyright. (Received June 5, 8 a.m.) " LONDON. June 3. Lord Inverforth, of the Ministry of Munitions, has sent Mr. Massey some interesting statements as regards the freight -arrangements for New Zealand wool. Ho states: “Since February we have had an agreement with liners to carry all the wool required for -the United Kingdom and France up to December 31 this vear at the very favourable rate of l|d. Four or five months hence the time will come to make arrangements for the 1920 freight requirements. In justice to New Zealand sheep-farmers, who have a heavy interest in the profits on the release of the wool, the Ministry of Munitions will, of. course, feel obliged to secure the lowest possible freight for wool which can be obtained from ships under tire British flag.”—Official. THE WOOL SALES. LONDON, June 23. The wool sales closed firm with good competition for super combings and crossbreds, but low for carbohising ports, and irregular, and some were withdrawn. Fine crossbreds and merino combings were about five per cent, above opening rates. Other descriptions were about par. The “Buhana” New Zealand clip made up to 28d, and averaged 26Jd. — Aus.-N.Z. Cable Assn. AUCKLAND SHARE MARKET. QUOTATIONS. SPECIAL IO HKHALD. AUCKLAND, June 5. Messrs. Hendry and' Hay (E. P. Webster, local agent), report the following Stock Exchange quotations and sales s~“ Sellers. Buyers. £ s. d. £ s. d. Minina— Waihi 2 4 0 2 3 3 Junction 013 6 012 9 Talisman .... 0 8 3 0 / 10 Banks — National ...... 6 6 0 Neff Zealand 14 0 0 Insurance — National 8 16 0 New Zealand 13 17 6 13 13 6 South British .... 7 16 6 Coal — Taupiri 0 18 3 Shipping— Northern Steam 016 0 015 10 Miscellaneous — „ , „ h Auckland Trams 13 3 12 0 Auckland Trams, „ . pref 018 6 017 9 Wilson’s Cement 016 8 016 1 The question of the definition of the term f.o.b. in connection with shipmonte from America was considered by the council of the Melbourne Chamber of Commerce at a meeting recently, in connection with the various meanings read into the letters by the American exporters. It was resolved to suggest to Australian importers that in future when entering into contracts with American exporters they should distinctly state f.o.b'. oversea vessels at New .York,' San Francisco, or as the case may be. In cases where the port of export is left open, the contract should distinctly state f.0.b., free on Jioard, overseas vessel. It is suggested that this will place the meaning beyond doubt.

MR. NEWTON KING. Mr Newton King reports:— At Ureiyii on 26th, ult. forward conditioned cows brought £lO to £lO 12s 6d, lighter sorts £8 2s 6d to £8 Bs, ordinary stores £4 to £5 7s 6d, rising 3-year-bid dairy heifers £9 17s 6d, 2tooth ewes (.in lamb) 14s 6d to 17s, culls 7s fid, light lambs 6s 3d. At Stony River on 27th ult. wintry conditions ensued, consequently only a small yarding cam© forward. Store cows brought £6, 2-year-old dairy heifers £8 Is to £8 10s. At Waiwakaiho on 30th ■ ult. cows and calves realised £6 ss, empty heifers £6 ss, cows (in milk) £6 to £7 10s, good lambs 15s fid. At my Uruti yards on Saturday, 31st tilt., I had a sheep and cattle sale, and also a dispersal sale on account of Mr. W. Old. The yards were well filled, all classes affording good competition. Fair weaner heifers made 38s fid, empty heifers £4 17s fid, 3-year-old bullocks £lO Bs, smaller sorts £7 15s, 20-month steers £4 13s, fair condition cows £7 10s to £9, ordinary stores £4 17s fid to £7, boners £4, bulls £4 10s to £4 15s, cows and calves £5 ss, 2-year dairy heifers £6 10s to £9, smaller backward sorts £4 15s to £6, dairy, cows (good) £l2 2s fid to £ls 15s, others £7 to £9 10s, 2-tooth ewes 25s Id, f.f.m. ewes and f.m. ewes in lamb 18s to 22s lOd, lambs 14s 2d. 2-tooth wethers 23s sd, 4-tooth ewes (in lamb) 255, 6-tooth do. 25s Id, f.m. do. 13s, 6-tooth rams 16s. At Douglas on 2nd inst. fair weaner heifers made £2 3s, mixed weaners 18s to 21s, ordinary store cows £5 11s to £6 16s, empty heifers £6, 2-year-old dairy heifers £8 7s 6d to £8 l£s 6d. f.m. ewes 14s ,9d. Since my last report I have conducted dispersal sales on account of various clients, in every 'case satisfactory clearances being obtained. On 27th ult. at Carrington Road, New Plymouth, on account of Mr. H. W. Saxton, the buyers attended in good numbers notwithstanding the rough day. The cows were in low condition, but with fair quality a fair sale resulted. Best cows realised £l2 to £ls 10s, others from £7 upwards, 20-month in-calf heifers £5 3s 6d, pedigree Friesian bull £lO 10s, mixed wean- , ers 25s 6d, 18-month steers £2 18s, cows and calves £5 7s 6d, s.m. ewes (in lamb) 13s to 16s 2d, light lambs 8s 6d, goats 12s 6d, bay mare £l7 10s, aged gelding £ll 10s, and farm implements and sundries at ruling rates. At Mangorei on Thursday, 29th, on account of Mr. C. Woisin, dairy cows sold from £lO 5s to £l4, dairy heifers £lO ss, empty cows £3 7s 6d to £6 ss, yearling heifers £2 14s, mixed weaners 31s, sow (due September) £6, farm horse £l2, and farm implements and sundries at good prices. At my Kaponga yards on 30th ult., in conjunction with tho N.Z. Loan and Mercantile Co., I held a dispersal sale of W. D. Blennerhasset’s herd. Best cows made £ls to £2O, others S'S to £l2, 2-year-old dairy heifers £8 10s to £lO os, smaller sorts £5, and a few farm sundries at ordinary rates. At Bell Block on 2nd inst., on account of Mr. TV. Jeffrey, a good sale was made. The cows were a fairly good line of grade Jerseys, but were short of condition, averaging the satisfactory figure of £l6 12s 6d. Tops made £2O to £27, others (backward sorts) £9 upwards, 2-year-old heifers £9 i>h j-earimfi heifers £2 Jla fid* bull

£7 10s, breeding sows (due June) £l2 and £l2 ss, boar £3, slip pigs 335, weaner pigs 10s 6d to 14s fid, farm horse £l4 ss.

At Tataraimaka on May 2 on account of Mr. W. Lacy, best cows made £l2 to £ls 10s, others from £7 10s to £lO, making a good average of £ll, yearling bulls £2 12s, mixed weaners 20s fid, farm horse £l4' los.