COMMERCIAL.

Taranaki Daily News, Volume LIII, Issue 336, 24 June 1911, Page 3

COMMERCIAL.

THE MONEY MARKET. Hy Cable—Press Association—Copyright. London, June 22. Bunk rate, 3 per cent.; short loans, 1% per cent; three months' bills, 2 per cent.; Paris, 2% per cent.; Berlin, 3% per cent. GOVERNMENT SECURITIES. The following are 'the latest quotations for Government 'securities: 2 1 /. per cent. Consols, £79 15s. Fall of 2s (kl. 4 per cent, New South Wales, £lO4. Unchanged. V/-> per cent. New South Wales, £99. Unchanged. 3 per cent. New South Wales, £B7 10s. Unchanged. 4 per cent. Victoria, £IOO lfls. Unchanged. 3'/;, per cent. Victoria, £97 10s. Unchanged. 3 per cent. Victoria, £B4 10s. Unchanged. 3% per cent. South Australia, £9B. Rise 'of 10«.

| 3 per cent. South Australia, £Bl 10s. ■ Unchanged. 4 per cent. Queensland, £192. Unchanged. 3'/ 2 per cent. Queensland, £97 12s Cd. Unchanged. 3 per cent. Queensland, £B6. Unchanged. 4 per cent. New Zealand, £lO4. Unchanged. 3>/ 2 per cent. New Zealand, £96 10s, Unchanged. 3 per cent. New Zealand, £BO 10s. l nc hanged. 3V. per cent. Tasmania, £9O. Unchanged. 3 per cent. Tasmania, £B4 10s. Unchanged. 3>/ 2 per cent. West Australia, £97. Unchanged. 3 per cent. West Australia, £B6 10a. Unchanged.

LONDON MARKETS. London. June 22. Butter.—There is rather less demand, owing to the fairly general rains. Prices practically unchanged. A holiday tone prevails. Cheese.—Firm. New Zealand 60s. Hemp.—Quiet and unchanged. Cotton, 7.!>2d. Wheat—The United States' visible supply is 40,322,000 bushels. Sheep.—North Island 3%d, best brands 3%d.

bimbs—Canterbury, light, o'/ 4 d; medium, Sd; heavy, 4%d; Southland, sd; North Island, 4%; selected brands, od. (.hilled Beef—Fores, -2y 2 d; hinds, 4d. Australian sheep, light, 3%d; heavy, 3</ 4 d; ewes, V/oil; others, unchanged.* Wheat.—The market is quiet, and buyers are cautious. European crop prospects generally are favorable. There is little demand for cargoes. An Australian cargo sold at 345." Sellers are firm in sympathy with the sharp rise in America on the reports that the winter wheat has ripened prematurely. Sellers ask 33s 9d to 34s for Australian afloat in June, and 33s was paid for a parcel which arrived. There is moderate enquiry for Australian spot at 3fls. Flour.—Quiet. Australian, 24s fid in store. Oats.—lnactive. La Plata Julv-August shipments, 14s lO'/od. NEWTON KING'S WEEKLY REPORT. On Wednesday, 14th iiwt.. I held a clearing sale at Riverlea on account of Mr. A. McEwan, when there was a good attendance. There was keen competition for the stock, which was mostly young, and good prices were realised Weaners made 30s Od, springing heifers £•"> to £5 17s Od, in-calf heifers £4 la to £4 7s Od, dairy cows £5 2s Od to £9 lis Od. store cows £2 15s, pony £0 mare £O, trap horse £l3, 3-year draught colt £3O ss, plough £O. Sundries sold at usual rates.

At Midlurst on Thursday, the 16th mst,., 1 held a snip on account of Mr. A. u. Fisher. There was a large number in attendance, and any of the stock shoving quality and in forward condition (espeel ally the Jerseys) were keenly competed ™ ,- J "? y oalvers soW for ' £r 1«8 to 110 los, later do. £5 10s to £7, very ate and empty £2 to £4 15s, Jersey licitw (calved) £(! 15s, weaners 37s pedigree Jersey bull 20'/,gn 9 , half, draught, geldings £lB 10 3 to £24, harness horses £8 15s to £lO 10s, brcedin* sows £2 15s to £4, drill £29, mowe? £j>, discs £6, roller £l9, havrake £5 los timber jack £C 10s, chain harrows ±3 Two stacks of oaten hay realised ±lO each, and all sundries sold well On' Monday I held a clearing sale on he lower Palmer road on account of •Mr. A. Stapleton, when there was a fan- attendance. The stock was well competed for, and the dairy cows (close up) were in good demand. Early calvers made £7 68 to £l2, later £5 10s to £7 very late £3 10s to ' £5, weaner.s £2 6s the.se were good Jersey strain), «rade Jersey hull £2 2s, bay gelding £l3 5s hack £lO, weaner pigs 7s, stores 15s to 10s sows £2 ss, cans 235, plough £ 7 mi k waggon £32; 72 shares in the Kan' pokonm Dairy Company brought £9] and sundries sold well. ° '" '

At Rahotu on Tuesday there was a fair yarding, with a good attendance of buyers. Young stock was in good demand and sold at prices slightly i n advance of late market rates. Weaner heifers made £2 6s to £2 10s, weaner steers m fid to £2 4s, mixed weaners 395, do small 19s to 225, store cows £2 12s 6d to £3 4s, forward cows £3 14s to £4 Irs, 18-months heifers £2 13s to £3 8s springing heifers £5, bulls £4 15s. a' quantity of furniture sold on account of Mr. Jesse Phillips realised satisfactory prices.

X.Z.L. & M.A. CO.'S REPORT. The Xew Zealand Loan and Mercantile Agency Co., Ltd. (Stratford branch) report: We held our usual fortnightly sale at our Stratford yards on Tuesday last when we yarded 720 cattle and 4fi' sheep' A\e disposed of about half the cattle and the. sheep. Altogether cattle were dull of sale and very difficult to quit, except weaners, which advanced wonderfully since last sale. We had some very nice heifers yarded, both Holstein and Holstein-Jerscy cross, which attracted considerable attention and brisk- bidding It is very apparent that dairy farmers now recognise that the Holstein cross arc the most profitable dairy c.ittle. consequently anything showing' this cross is keenly competed for. The following prices were realised:—Weanew (poor and weedy), Us to 20s, fair to medium quality 26s 6d to 30s, while anything well grown and good colors realised up to 403, one line of Holstein heifers realising 49s fid; store cows (light and low condition) 47s Gd to 625, forward cows fifra to 74s fid, fat cows ODs to 105s, 18month steers, a good number of which were yarded of fairly good quality, only realised from 05s to 08e- 'a very nice line of 3-year-old .steers,'forward condition and good quality, were disposed of at 107s 6d; 2-year' empty heifers are now in demand, and a line of these sold at fifis; 3-year old heifers Holstein cross, realised 140s to 1553;' other 3-year-old heifers, in calf, of fair to good quality and' in good condition were disposed'of from Kite to 110 a; bulb'

from 64s to Bfis, and a small line of sound-mouth ewes realised Os Sd. During the week we disponed of n considerable number of dairy herds at prices ranging from £0 to £7 10s. j ■/MATTHEWS & BENNETT'S REPORT. > Messrs. Matthews & Bennett report that there was a fair entry of cattle in > tlieir Inglewood yards on Wednesday last. Most lots changed hands, and prices were on the rise. Prices were as I follows: —Weaners 33s to 30s Od, springers £0 os to £7, in-calf heifers £3 2s to £4 4s, empty heifers £3 2s, good incalf heifers £4 os to £5 10s, store cows £1 16s to £2. ■ N'EW PLYMOUTH. WOOL, SHEEPSKIS, HIDE & TALIjOW SALES. L. A. NOLAN & CO.'S REPORT. On the 6th inst. we held our four-week-ly sale of hides, "wool, skins, tallow, etc. We submitted our usual catalogue to keen competition. Prices were good right through. Hides reached again the high level of two months ago and showed am advance for heavy and medium weights j of from %d to %d for cow, while light advanced from %d to y 4 d. Ox advanced V 4 d to Vjjd. Sheepskins and wool sold at late rates. Tallow declined about 30s to 40s a ton. There was particularly keen competition this month for horse*hides. Sundries sold at about last month's rates. We quote: Hides—£ow, butchers' heavv 6%d to 6%d, medium 6%d to o%<l, light 6d to 0-y 4 d, cut sVid to «y 4 d, poor-conditioned heavy 5%d to 6y 4 d, medium o%d to fiy B d, light 5d to Od, settlers' heavy !>y,d to 0>y 4 d, medium 5%d to Gd,.light o%d to Od, special well-Hayed and cared-for o%d; ox (very few''offered), medium W to 7%d, light 6%d to 7d; bulls, 4d to 4%d; horse, light 0s 3d to 7s 3d, heavy 9s; yearling, ■Gy 2 -<1 to 6%d; calf, heavy 6%, light Oy.d to 7d, cut sy s d, slippy 3d. , .: Wool—Fleece fi'/ 2 d to «%d, lambs' 7d, pieces 2y 4 d to o'/.d, erutchings y„d to Sheepskins, butchers' dry, full wools, £>s 3d, others 2s 7d to us (Id, according to wool and condition; settlers, 2s to 4s Id; ' pelts, Is Id to Is 10d, damaged Is to 3s 3d, pelts 3d to 9d; salted, butchers' ! 2s Bd to as, according to wool; pelts, Is to Is Od, damaged 3s to 3s 2d. Tallow—Casks 24s Od to 255. tins 20s ' to 20s 6d. Cowtails, Is Od per dozen. 1 Our next sale will be held on July 5. ]

LONDON PRODUCE REPORT. Messrs- E. Griffiths and Co. arc in receipt of the following market report from their London principals, Messrs Mills and Sparrow, dated May 12, Mi l :_ Brilliant weather has prevailed during the past week, and the country is now looking at its best Danish: Contrary to expectations, the quotation has been left unchanged. Trade has been rather slow and arrivals have not cleared. Siberian continues to meet with a good demand, as the quality is still pleasing. Arrivals at present are only small, amounting to an average of about! 5000 casks per week over the last few j weeks, but no doubt they will soon show a material increase. I Australian: Both the Wilcannia and Moldavia 'have discharged this, week, and as last week's Arrivals were not nearly cleared, there has been a fair quantity on ofler. Very much the .same conditions exist as did last week, namely that there i.s a good general trade, but it is not quite sufficient to enable agents to clear, and retailers are only burin* from hand to month, Buyers generally have, the opinion that prices will go lower, but we certainly are not with them in this respect, as we feel that values are now on a low level, and as the consumption of butter generally is very good, we see no reason for any "further reduction. New Zealand: The Corinthic's butter has been on the market this week, and the quality i s very good, but the color is dMtraetly pale, which is in marked contrasl to the. new-grass Irish and French which are now arriving on this market. I Uieese.-tanadian: Trade has been i quiet, but prices are steady. There are I on y a few lots of really fl„ e quality I : available and seller* feel that there is no need to give way. ; New Zealand: Business here has been ' on he qmet side, and prices are just a i *hado easier. The weather we are now ' having is certainly in favor „f the eon- . sumption of cheese, and this should have 1 the e/lect of keeping the market from i declining We «re hoping the season 1 will wind up strong. ,

SOUTHERN' MARKETS. ADIHXGTOX. Store sheep-A line of extra good sound-mouth ewes made 13s »d to 14s m, and other lote 10s (id to lis Gd tair-mouthed sorts 7s Id to 8s Gd culls •fa to fis, average lines of wethers 13s to IfcM lighter lis to 12s fid, good lambs (mixed .exes) 8s Od to O.s 3d, medium (i to 8s Cd, ewe lambs 12s 2d. Fat lambs—Export havers took -'lO9 at prices ranging from 10s fid to 20s 122 went to butchers at lfts to 21s and 24 were passed in. Fat sheep—Prime wethers 18s to 2"s lid, medium Lis to 17s (id, light i 3s g,] to 14s Cd, prime ewes 15s to 19s lid extra to 21s, medium lis Od to 14s fid' Fat cattle-Steers made ffj 7s 6d to 1M ss, extra to £lB 10s, heifers £5 i-a 6,1 to £ll, cows £5 17s Gd to £ll 7* fid (equal to 24s and 28s for prime, n? imo /, PXh ' a ' 2ls t0 23s for medium, and 19., fi,i to 20s fid for cow and inferior I beef per 1001b). i Veal calves sold at 4s fid to 555, and jSy" £3 1Ss ' wording to size J d lh Is , k , ml steers ma(lc £lO to £l3 W« «<l, and heifers £S lfls to £lO 5s thev^riH C ; con, P'' is «l old cows, and they sold at 13s fid to .£3 ss. from'Vww S °'* l Wc "' P rices ran S in S ii om 13 10s to £<) 10s Pig« were ~l in larger numbers in ds n ; t,^ for<, ' ,, ' s - sl,ri *kn«sinth e bid. img. Choppers soI( , up t ]() , Store p lgs sn](l b( , t| sups &» to Lis, weanors 2s to Cs.

At BiirnsinV 144 oattlo were Yarded winch proved j„ st about sXicnt S S:r' S ' n Pril,lC bullocks w slightly dearer than taaf week, while hei to £l4 ss, medium £» fo £lO £f ** a^hdfer S^to^^^ .17, nferior £5 to £5 l ss . Fat nheep-4050 penned. There was n greater proportion of prime s^'

to 19s, best ewes 15s 0d to 17s, extra heavy to 255, medium lis fid to 13s. { Eat lambs—l4oo penned. Freezing • buyers competed spiritedly, and prices | rose by Is fid to 2s per head as compared / witli last week. Best 10s Od to 18s, i extra to 245, medium 14s to 15a. Pigs—Only 80 were penned, consisting ! of stores, suckers and porkers. On account of the shortage prices for porkers were about 10s higher, and those for other sorts were about the same as last weqk's rates.

JOIINSOXVILLE. Messrs Abraham ami Williams, Ltd., report on their Johnsonvillc sale as follows:—A heavy yarding of bullocks and sheep came torward, and met with a ready sale. Prime heavy bullocks £lO 10s to £lO 15s, medium bullocks £9 10s to £9 15s, lighter £8 12s Od to £9, fat heifers £5, prime wethers 18s Bd, medium wethers lfis 9d to 17s Id, plain wethers 15s, extra prime heavy ewes 18s lOd, prime heavy ewes 17s Id, light ewes 14s sd, prime lambs lis 2d to 12s 2d light OsiGd.