FINANCE & COMMERCE

Waimate Daily Advertiser, Volume XXI, 11 August 1921, Page 4

FINANCE & COMMERCE

THE STOCK MARKETS. BURNSQ)E. Press Assn. —By Tel.—Copy* * DUNEDIN, The sale at Bumside te-daj fairly slack, especially as » sheep and lambf», both of wW dined in value compared week’s sale. > Fat cattle—A largo yarding ing 195 head, and a good majon which consisted of fi.no quality The sale opened with competition keen, and the yarding was dispo at prices on a par with last 1 rates. Primo ox beef was worth average 44s per 100 lb., mediuu 35s to 395; prime bullocks £l9 10s, medium £l5 to £l7, light > ferior from £9 upwards, printed £l2 to £l4 10s, medium £lO aged from £7 upwards.

Store cattle—A small yardi poor quality, and in consequent ding was slack, and prices only i Fat sheep—A large yarding m ing 3200. Consequently tho q was over supplied, and prices for sheep allowed a decline of from Is 6d per head, while light sht predated in-value to the extent to 2s 6d per head as compart last week’s rates. Good wetiwr ton made to from 3Jd to 4d pg and ewe mutton 3|d to 3|d. heavy wethers made up 325, pria to 275, good 20s to 235, lighter 1 to 17s 6d, prime ewes to 22s 3d, 18s to 21s, light and aged 12s upi Fat lambs—A small yarding i nn quality mxnbering 245 head, ding was fairly slack, which doubtless due to poor quality. 1 showed a decline of Is to hl head, as compared with last i rates, but all lines were disposed prices ranging from 15s to 20s. 1 lamb made up to 61 d per l‘o.

WOOL PROSPECTS. RESULTS OF INQUIRIES. London, vesta The Australian Press interview Massey, who said: “The imprai received after meeting tho pri leaders of the Bradford wool trade discussed the position with me pi and privately with complete frai was that there is every reason I lieve that the low prices cannfl long after the Continental market re-opened. Germany is already de ing a considerable demand for Net land wools. Poland and Rua suffering unprecedented shortt| cloth'ing, and must ultimately clothed, unless they are allow perish through the cold of the app ing winter. Furthermore, the i present output of wool is not q pre-war supplies. There is also* mon shortage, which must create mand for wool.

“The present trouble regarding Zealand wool arises from tho acfl tion of the British Government l equal to one season’s clip. In ti sent state of British finances tk always the possibility of wool marketed with a view to cuttii loss. Bradford stocks are low, understand that wool speculate already beginning to operate in pation of a rise. “Reports from Argentine u that cattle arc beginning to s® sheep, because the latter are w able. All these influences are ccm ing in favour of New Zoalaw prospects iwhen the present shu passed over.”