COMMERCIAL.

Taranaki Daily News, Volume LIII, Issue 225, 28 January 1911, Page 3

COMMERCIAL.

THE BANK BATE. I By Gable—Press Association—Copyright. | London, January 20. | The bank rate has been reduced to four per cent LONDON MARKETS. London, January 20. There was a strong market and competition nt the wool sales was more general. Prices were well maintained. Waihi Junction shares, 31s 3d and 32s 6d. Silver, 24*/ s <l. NEWTON KING'S WEEKLY REPORT. At the Eaymarket on Saturday a failnumber of pigs were penned, though prices realised were slightly lower than the previous week. Porkers sold for 2Ss to 20s, stores l'Bs to 21s, small stores 12s to 15s, weaners 7s to 10s lid. At Urenui on Monday stock came forward in excess of advertised numbers, and practically everything was sold at the hammer. Fifteen-months heifers made £3 2s to £3 ss, 18-months heifers £3 13s 64 to £3 tfis, 15 to 18-months Holstein heifers (empty) £4 10s, 2-vear heifers R.W.B. £4 os Gd to £4 "lOs, empty heifers (forward) £4 10s to £4 18s, store cows £3 Os to £4, forward cows £4 3s to £4 10s Od, fat cows £5 to .£5 9s, fat heifers £4 18s, 18 to 20months steers £3 0s to £3 17s Od, 2 to 2y,-year steers £4 12s (kl to £4 17s Od, bulls £3 3s to £3 lus, 2-tooth ewes 15s Bd. At Stratford on Tuesday there was a good yarding, with keen demand especially for grown cattle, of which a large number were penned, including a line of 280 grown bullocks, all of which sold at the hammer. Weaners made 20s to 225, yearling to 15-mohths heifers £2 13s to £3 Is, 18-months heifers R.W.B. £3 Kfe

Od to £3 18s Od, 2 to 2'/ 3 -year heifers £4 10s Od, l's-months steers £3 4s to £3 os, 2-year steers £4 10s, 3-year steers £5 to £5 14s, 3Vi-year bullocks £0 7s to £0 Wis, store cows £3 2s to £3 18s 6d, forward cows £4 Tss to £5 4s, fat cows £5 10s to £0 13s, forward heifers (empty) £4 10s, bujls £2 0s to £4 Ss At Stony River on 'Wednesday ' there was a good entry, the yards being taxed to their utmost. The quajity of the cattle was above the average, antUriddiug was keen throughout, most lines changing hands at the following prices:— Weaners 26s to 325, yearlings to 15months steers £3 to £3 10s, 15-months heifers £3 3s to £3 13s, 18-months to 2-year heifers R.W.B. £4 Is to £4 10s, store cows £3 10s Od to £4 Is, forward cows £4 3s 0d to £4 l!)s, fat cows £5 4s to £5 12s, 18-months steers £3 13s Od, 2-year steers £4 7s to £4 Bs, 2%year steers £a, 2'/ 2 to 3-year steers £5 I2s Gd, pair working bullocks (aged) £l2 10s, bulls £2 10s to £O, woolly lambs 9s lDd. ' MATTHEWS & BENNETT'S REPORT. Matthews and Bennett report a good yarding of cattle at their Inglewood yards on Wednesday last. Prices were good, and bidding keen up to the following prices:—-Store cows £3 0s Od to £4 4s 6d, forward do. £4 12s Od to 3.4 14s, fat do. £o Is Od to £5 12s Gd, 15months steers £3 10s, do. heifers £3 8s to £3 lis Od, yearling steers £2 15s, heifers (calved) £5 2s Od to £5 ss, bulls £2 las to £4 Is, calves 20s to 30s, DAIRY PRODUCE REPORT. Messrs E. Griffiths and Co., New Plymouth, have received the following market report from their London principals, Messrs Mills and Sparrow, dated December 16:—

Business continues in an unsatisfactory state. The -weather has again been very bad, rain failing nearly all the week, and retailers are. still complaining. We think, however, the prospects for the future are rather better, and we are pleased to be able to advise that the strike in the North has now been settled, and the men have returned to work. There is also a better feeling between the masters and men in South "Wales, and it is hoped that they will come to terms in the near future. Danish: The expected reduction did not take place, and the quotation is therefore declared unchanged. Siberian: Little now is arriving, but there is a considerable amount in cold store, the trade on which is very slow. French: This continues dear and scarce, and with the exception of the best qualities, few orders now remain. Australian: This week's arrivals consist of about 54,-000 boxes, per s.s. Pera and Orontes, and unfortunately this has proved more than sufficient, and prices have again declined. The consumptive demand is poor, and the retail price generaly is very slow, so that arrivals during the last two weeks have not cleared, but with values as they are to-day it seems to us that trade certainly should improve, and with the better labor con- [ ditions already reported, we are hoping | the decline will be stopped. New Zealand: The s.s. Corinthic, which ' was at first expected to he four days late, lias made up time, and docked yesterday, which was her due date. In this intance it would not have mattered had she been a few days late, because the Tongaririo's butters have not quite cleared, and it would have been better to have got these out of the way before

the others were on the market. Some sellers are very nervous, and all sorts of offers and sales have been made during the last few days. We, of course, cannot get away from the fact that conditions have not been favorable for a good trade, but at the same time it is this continual under-cutting that brings the market down unnecessarily. Cheese.—Canadian: Trade continues steady, with fair demand. New Zealand: There is a little slackness in the demand, which we think is only temporary, but the Tongnriro has not quite cleared. Wo are inclined to think that the larger arrivals will meet with an improved demand. SOUTHERN MARKETS. ADDINGTON.

There were good entries of stock and a fairly large attendance. Store sheep—A pen of two-tooth ewes made 4s Cd, forward rape lambs lis to lis fid, extra forward lis !)d to 12s Id, medium sorts Os 3d to 10s (id, small and low-conditioned 8s to Ss 9d, culls 5s to (is fid. Forward wethers sold up to 14s (id, medium 12s 0d to 13s 3d, mixed sexes 10s Id to 10s lid, two-tooth ewes lis to 14s Cd, aged ewes 7s to 8s Cd. Fat lambs—There were 55(12 taken for freezing at prices ranging from 13s to 17s 0d for best, and lis ldd to 12s fld; 477 by butchers at lis 9d to 10s lOd; 219 by graziers at d'ls Od to to 12s Id, and 1100 were passed in at 10s 3d to 14s. Pat sheep—Prime wethers 17s to 18s 7d, lighter 14s to IBs fid, prime ewes 14s to 15s 7d, others 8s 10d to 13s fid, hoggets 13s to 15s lid, merino wethers 9s 3d. Fat cattle—Steers made £G 17s Gd to £ll, heifers £5 12s Gd to £B, cows £5 2s Gd to ,C 8 16s (equal to 24s Gd to 28s fid for prime, 22s Cd to 24s for medium, and 10s Gd to 22s for cow and inferior per l'OOlb). Veal calves made 4s fid to £2 15a. ]

There was a small entry of dairy cows, and for the better sorts only there was a good demand, prices ranging'from £3 " 10s to £!) ss. There were but few stove cat lie offered, and there was little enquiry, yearlings muking 255, 15 to 18-months 45s :to£3 1 Is," two-year steers £3 16s. Three-year steers were pn-.-.d at £5 7s lidi Dry cows made 35s to £4 ss. There was a medium entry of pigs, and all classes met with an improved demand, which resulted in a satisfactory [clearance. Choppers sold up to 055,; heavy haconers 50s to 50s, smaller sorts 1 40s to 47s Od (equal to 4y.d per lb;j large porkers 31s to 30s, lighter 25s to 30s (equal to 4y,4 to 4%4 per lb); large stores 30s to 355, medium 20s to 28s, .small 14s to 18s, haconers 5s to Bs. DUNEDIN. At Burnside to-day 135 head of cattle were yarded, the quality being fair. There was a good demand, but prices, although good, were a shade easier than the high rates ruling last week. Best bullocks made £ll to £l2, extra to £l4 15s, medium £0 10s to £lO l'os, inferior £7 l'ss to £8 ss, best cows and heifers £7 10s to £8 Ms, extra to £lO as, medium £0 4s to £0 15s, inferior £4 10s to £5 os. Fat sheep—2ll9 were penned. This number was in excess of requirements, and prices were, easier. The decline was most noticeable in aged ewes. Best wethers made 17s Od to 19s, extra to 22s lid, good l'ss to 17s, medium 13s to 17s, medium 13s to 14s 6d, best ewes 14s 04 to l'os, extra to 20s, medium lis (id to 13s, inferior 7s Od to os. Fat lambs—39B were penned, the quality of which was fair to medium.- Competition was good and last week's prices were maintained. Best made 15s to l'Os Od, extra to 17s od, good 13s Od to 14s Gd, medium 12s to 13s. Pigs—ll)3 were penned. Prices were much on a par with those ruling last week. Suckers brought 3s to Bs, slips !)s to 1 I3s, stores ISs to 225, porkers 20s to 355, light uaeoners 38s to 425, heavy do. 45s to 50s. JOIINSONVILLE. Abraham and Williams report:—At Johnsonville we offered a good yarding | of prime bullocks and sheep, which sold readily at late rates. Best bullocks' made'£9 to £9 ss, lighter £8 10s to £8 las, light £7 15s to £8 ss, vealcrs 17s to 245, prime heavy wethers 17s, medium wethers 10s Id, plain 14s Od to 15s, , medium ewes 13s Od to 14s, prime heavy ' lambs 13s Od to 14s, good 12s Gd, plain lis to lis 94, shorn 9s. WANGANUI. Dalgety and Co. report:—At our Waiiganui sale we yarded 0800 sheep and l«n cattle, of which we sold 4700 sheep and 05 cattle. A big proportion of the sheep comprised lines of aged ewes, for which the market was easier. Lambs were also in quiet demand. Wethers were well competed for, a good line of fat and forward four and six-tooths making up to Ms Sd. Cattle sold well. We quote:—Fat and forward 4 and 0-tooth wethers 14s 44 to 14s 54, 2-tooth wethers I lis 9d, woolly 2-tooth wethers 10s Od, 2-tooth ewes 14s 3d, fat and forward ewes 10s 7d, f.m. ewes 0s 44, 7s 24, 7s (id, 7s Yd, 8s to Os Od, mixed shorn lambs 7s, small shorn lam (is ss, Lincoln ewe lambs Ss 7d, 0-tooth Romhey rams £2, fat cows £5 2s (id -to £5 45," 2-year ;(' v ers £4 ss, dairy heifers £3 5s to £3