COMMERCIAL NEWS.

Timaru Herald, Volume XCVIII, Issue 18029, 18 January 1923, Page 5

COMMERCIAL NEWS.

OTHER EXCHANGES

By Telegraph—Pres3 Association. AUCKLAND, January 17

Sales. —War loan, 1938 £97: soldiers’ inscribed £IOO 6s; Bank of New Zealand 67s 3d; South British 38s; Auckland gas 24s 9d; Kauri timber 27s 6d ; Auckland trams 21s 6d; Wilson’s cement 23s 3d; Waihi 83s 9d, 33s 6d. HOME PRODUCE MARKETS. By Telegraph—Press Association. WELLINGTON, January 17. The National Dairy Association has received the following cable message from its London office, dated January 13, , Butter. —There is an improved demand. Salted: New Zealand 190 sto 1945; Australian 186 s to 190 s; Argentine 180 s to 182 s; Danish 212 s to 2145. U ll salted: New Zealand 194 sto 1965. Cheese. — The market is unsteady. New Zealand white and coloured 130 s to 1345.

The Bank of New Zealand has received the following advice from the London office under date January 12: Butter —steady; 192 s per cwt. Cheesesteady; 132 sto 134 s per cwt. Frozen Meat—Mntton and lamb markets steady, no material change expected in the meantime. Prices Bame as last week. There n a better tone prevailing in the beef market. Ox hinds are qnoted at to 51 d per lb; fores 4id to 4|d per lb: oow hinds 4d to 4^d; fores 4d to 4Jd.

LIVE STOCK MARKETS. ADDINGTON. By Telegraph—Press Association. CHRISTCHURCH, Jan.. 17. At the Addington market to-day good prices were realised for all classes of stock, particularly store and fat sheep, in both of which there was a distinct advance. Store Sheep.—There was a big yarding, mostly lambs. The values for these were slightly firmer, whilst ewes met with .an advance. Four, six and eight-tooth half-bred wethers fetched 26s lOd; four and six-tooth wethers 23s to 24s lid; superior four, six and eight-tooth wethers, 15s 5d to 19s; good rape lambs, 23s 6d to 255; ordinary, 20s to 235; small and inferior 17s 3d to 19s 6d, culls 13s 6d to 16s 9d; ewes 24s lOd to 25s 2d. Good four, six and eighttooth ewes brought 32s 6d to 275; two four, six and eight-tooth ewes 27s’6d to 32s 4d; sound and failing mouthed 23s 6d to 28s; small two-

tooth 30s 6d. Fat Lambs. —A yarding of 6160 met a firm sale, values being from 9§d to 10 l-8d per lb. Exporters secured fully four-fifths of the entry. Extra prime sold at 33s 3d to 35s 6d, prime 29s 6d to 335, medium 26s 6d to 295, light 23s 6d to 26s 3d. Fat Sheep.—The smallest yarding for some years, comprising’ principI ally ewes. A jump in price of from 2s 6d to 3s per head was experienced. Wether mutton made from 624 to 7d per lb; ewe 52d to 6 ld. Extra prime wethers brought 37s 6d to 425, a few special 465; prime 33s 6d to 375, medium 31s to 33s 3d, light wethers 27s 3d to 30b 9d. Extra prime ewes sold at 33s to 355, a few special 375; prime ewes 30s 6d to 32s 9d, medium 27s 3d to 30s, light 24s 6d to 275, old ewes 20s to 23s 6d. Fat cattle. —A big yarding of 405 heads was penned. Last week’s demand was fully maintained. Prime beef made ,30s 6d to 33s per 1001 b. mdium 27s to 30s, unfinishd 23s to 265, cow beef 17s 6d to 21s. Extra prime steers sold at £l4 10s to £l6 15s, prime £ll 15s to £l4, medium £9 10s to £ll 10s, light and unfinished £7 10s to £9 ss. Prime heifers made £9 12s 6d, ordinary £4 5s to £7 10s; extra prime cows realised £8 16s to £lO ss, prime £6 10s to £8 10s, ordinary £5 to £6 7s 6d.

Store Cattle.—A small yardiffg, mostly bulls and cows, and the sale was the best for some time. Threeyear steers brought £5 ss, two-year £3 10s, 18-months to two-year heifers £2 10s to £3 6s; good bulls £4 to £7, small £3 10s. Dairy Cattle. —Within limits, the demand was firm for good cows and heifers. Prices showed a hardening tendency. Extra good' second, third and fourth calvers, springing, were quitted at £lO, medium to good £lO to £B, extra good springing heifers sold at £lO 10s, medium to good £4 10s to £B, aged and inferior cows £2 15s. Vealers.—There was a better market, graziers operating. Good runners brought £1 12s 6d, ordinary £2 10s to £3 10s, small calves 6s upwards.

Fat Pigs.—Baconers sold better, but porkers were In over supply and sold easier. Choppers realised £2 10s to £4, light baconers £2 17s to £3 Bs, heavy £3 10s to £4. 'The average price per lb was 5 id to 6d. Light porkers br'ought £2 to £2 ss, heavy porkers £2 6s to £2 10s; average price per lb, 6d to 7d. Store pigs.—A keen demand with improved prices in this section. Large stores realised 38s to 41s, medium'

28s to 355, small 18s to 265; good weaners 16s to 21s, others 11s to 15s.

Sows in pigs brought up to £3 19s.

BURNSIDE. By Tolegraph—Press Association. DUNEDIN, Jan. 17. Sheep and lambs, particularly the latter, were in short supply at Burnside to-day. There were not sufficient lambs for requirements, with the result that there was keen competition between butchers. Prices showed lan advance of fully 3s per head. The 1 short supply was no doubt accounted for owing to vendors holding back ftocks until the freezing works reume operations. Export buyers were not operating, the prices realised being several shillings above their limits. All the sheep entered were shorn, and consisted mostly of medium to good wethers. Prices {or for all good quality mutton were about on a par with late rates. There was a large entry of fat cattle, the yarding including a number of very good bullocks. The market was easier than last week, prices showing a decline of from 15s to 20s per head. The supply of pigs was in excess of requirements, and prices were easier to the extent of about 5s per head. Sheep.—A small entry, 1776 head. Prime wethers realised from 38s to : 425, medium 33s 6d to 355, light and unfinished 26s to 325. Prime ewes 30s to 34s 6d, medium 27s to 295, light and aged 18s to 225. Lambs. —A very small entry, 126 head. Prime sorts realised from 34s to 36s 6d, medium 29s to 335, lighter sorts up to 28s; average per lb, about 95d. Fat Cattle. —About 303 head were penned. Prime bullocks sold at from £l2 10s to £l3 10s, medium £9 10s to £ll, light and unfinished £6 to £7. Prime cows and heifers made from £6 10s to £7 10s, medium £5 to £6, light and aged £3 to £4 10s.

Store Cattle. —In a small yarding there were no cattle of special merit. Fat and three-quarter fat cows sold at cheap rates, while several pens of young animals in backward condition were hard to quit.

Pigs.—A full yarding, and competition was somewhat slack. Prime baconers realised from 6 id to 75d per lb, and prime porkers from 7d to 7id.

GRAIN AND PRODUCE. CANTERBURY MARKETS. By Telegraph—Pr66S Association. CHRISTCHURCH, January 17. Business is still very quiet m the grain and produce market, but there is likely to be an improvement when the new season’s crops start to come in. In spite of the recent rains, which liad a bad effect on some crops, the prospects for the coming harvest are reported to be good generally. However, what is required now is fine, sunny weather to ripen the crops off. The oold rain experienced on Monday should have a beneficial effect on the main potato crop, provided a spell of good weather follows, but overcast, muggy weather, such as was experienced yesterday, is liable to lead to an outbreak of blight. At present the potato crops are Baid to be looking well. During the past few days a few lots of the new season’s Algerian oats have been on the market, and the offers for them range from 2s 6d to 2s 9d per bushel on trucks at country stations. Very little forward business is being done in Garton oats, farmers showing no desire to sell at the prices merchants are prepared to nay. During the past few days there has been an increased inquiry for fowl ' wheat for prompt delivery, and prices have firmed up considerably. This * demand, however, is likely to be temporary only. Forward sales of potatoes are reported at £3 per ton oh trades at country stations. Some merchants are prepared to offer more than this, but even so fanners are not prepared! to sell, and so forwad buying is slow. Not much forward business is being

done in onions this year. _ The position with regard to onions is much the same as potatoes, farmers not being prepared to sell at the prices offered, namely, from £1 to £4 os pea' ton on trucks at country stations. The prices quoted below are mainly for old season’s stuff, and are therefore portly nominal. The quotations are for produce to be paid to farmers at country stations, free of commission, sacks extra, except whei'e otherwise stated: Milling Wheat —According to Government prices. Tuscan, 5s 104 d per k-’e-n.q f.0.b.; Hunters, 6s lid: Pearl, 6s 7-id. r owl Wheat 4s 3d to 4s 6d per bushel f.o.b. Oats—Gartens, 2s sd: to 2s 8d per bushel; Algerians (new season’s), 2s 6d to 2s 9d; Duns (dark coloured), 2s 6d to 2s Bd, light coloured 2s to 2s 2d. Chaff —£3 to £3 10s per ton. White Clover—lOd to Is per l'o (new season’s). Red Clover —9d to lOd per lb. Perennial Ryegrass—Bs 6d to 3s 9d per bushel (new season’s). Cocksfoot—4|d per lb. .Barley—2s 9d to 3s 6d per bushel. Cape Barley—2s 6d to 2a 9d per' bushel. Linseed—£l4 10s per kin. Flour—According to Government prices. 2001 b sacks, £ls 10a: 1001 b bags, £l6 10s; oOlb bags, £l7 10s; all per ton, f.0.b., Lyttelton, Timaru and Oamaru. Bran—Acoording to Government prices. £5 to £5 10s per ton, acoordmg to packing, f.0.b., southern ports. Pollard'—According to Government prices. £8 to £8 10s per.ton, according to packing, f.0.b., southern ports.

WOOL SALES. WELLINGTON. By Tolegrapli—Press Association. WELLINGTON, January 17. Buyers were exceedingly keen at the January Wellington series of wool sales to-day. The demand came from Bradford, the United' States, France, Belgium, Germany, and, to a limited extent, from Japan. The range of prices was—Merino (G4’s-70’s, 60’s-64’s, 60’s) super, 26d to '29d; average 28£d to 253 d; inferior 19Jd to 20d. Fine halfbred (56’s-58’s) super, 23d to 244 d, average 19id to 23d, inferior 15d to 19d. Medium halfbred (60’s-56’s) super

■ . average 151 dto 20d, inferior 12 jd to 18d. Coarser halfbred (48’6-50’s) Super to 15jd. Corriedale: Super 20d to 22Jd, average to 20d, inferior 15d to 16d. Fine crossbred (46’s-48’s): Super 13£d to 16d, average, llld to 13Jd, inferior 9d to lid.

Medium crossbred (44’s-46’s): Super 13£d to lojd, average 10£d to 14d, inferior BJd to lOjd. Coarse crossbred (40’s-44’s): Super lOjd to 12jd, average 9£d to lid, inferior 8d to 9id. Low crossbred (36’s-40’s): Super 9Jd to 10Id, average BJd to 9Jd, inferior 7id to Bid. Hoggets: Fine 46’&48’s) 13d tb 16Jd, medium (44’s-46’s) 12d to 14Jd, coarse (40’s-44’s) 10J-d to 12d, low (35’s-40’s) 9d to 10Jd. Lambs: Down (60’s-56’s) 16d to 17Jd, fine (44’s-50’s) 13£d to 16Jd, medium (40’s-44’s) Hid to 14d, seedy and inferior 6d to 9d. Bellies and pieces: Merino, good to super 15d to 22Jd; merino, low to medium, 13d to 15d; halfbred, good to super, 13d to 17d; halfbred, low to medium, lid to 13|d; crossbred, good to super, 9d to ll^d; crossbred, good to medium’, 6d to BJd. Crutohings: Medium to good 6Jd to Bd, inferior and seedy 4d to 6d. Locks: Merino 9d to lid, halfbred 6£ to 6£d, crossbred 4d to sid.