COMMERCIAL ITEMS

Dominion, Volume 11, Issue 219, 4 June 1918, Page 8

COMMERCIAL ITEMS

DEPOSIT INTEREST KATES. Australian-New Zealand Cable Association. London, June 2. The Overseas Banks' Association is conforming to the action of the clearing banks in reducing the rate of interest on deposit except for a long terms—"The Times." lUDE AND TALLOW SALE. Messrs. Dalgely and Co., Pnlmerston North, resort:— Tho Government commandeer of hides having ceased, we held our first monthly sale of hides on May 30, and submitted u fair catalogue to a small attendance of buyers. Our range of prices are as follows:—Ox heavy, 10« d. to lljd.j cow, heavy, BJd. to !)d.; cow, medium, B|d. to Otl.j cow, light, 7-Stl. to Bjd.; yearlings, 7Jd. to Old.; ox, cut, 71d. to 10Jd.; cow. cut, inferior, fisld. to Bjd.; dry hides, 4!d.; horse hides, (is. 6d. to 75.; calf skins, 9id. to 12Jd.; calf skins, damaged, Gd. to 9{d.; casks tallow, 265. to 305.; tins tallow, 275. (o 28s.

The Hereford's turn has come nt last, says the "Live Stock Journal," and signs are not wanting that the breed and its votaries are in for a good time. Over 100 new breeders have already tills year formed the beginnings of small herds, and it is expected ere 1018 is out that some 200 new members will have joined the Hereford Herd Book Society. Lord. Ithondda secured, at tbo Breed Society's sale recently, the British record price of USO guineas for the I'obruary yearling bull Reformer, full of Lady Byron and Blossom blood in his female, descent. The fact that the bull was bought nt so high a figure for the Argentine will tend to lift the monetary value of tlio breed in that country. The average price of all bulls sold at the official event referred to (exclusive of 15 sold to the butcher) was 102 guineas for 201 head, which easily constitutes a record for the breed. In fact, three records were broken at the sale—viz., 216 head of bulls sold, the 102 guineas average, and the 1150 guineas highest individual price.