COMMERCIAL.

Taranaki Daily News, Volume LIV, Issue 221, 16 March 1912, Page 6

COMMERCIAL.

LONDON MARKETS. By Cable—Press Association—Copyright. London, March 14. Share Quotations.—Waihi, "36s 3d to 38s 9d ex dividend; Talisman, 45s to 50s. AUSTRALIAN MARKETS. Sydney, March 14. Wheat, 3s B%d. Flour.—City £8 15k, country £8 12s 6d. Bran, £5 10s. Pollard, £5 15s. Barley.—Cape 4s lOd to ss, English 4s 6d to ss. Maize, 4s 7d to ,4s Bd, Oats.—Algerian 3s 6d, white 3s 3d to 3a 4d. Onions, £8 15s to £9. Potatoes, £5 10s to £8 ss. Bacon, 7%d to Bd. Butter.—Selected 112s, prime 100s to 108s. Cheese, B%d. Melbourne, March 14. Hides.—Average supplies; heavies very firm; lights favored by buyers. Wheat, 3s &y 2 d to 3e 9%d. Flour, £8 10s. Oats.—Algerian 3s to 3s 2d. Barley.—English to 6s sd, Cape 5s 2d. Maize, 4s. Pollard, £6 ss. Potatoee, £4 fls. Onions, £8 ss. Bran, £5 15s. Adelaide, March 14. Wheat, 3s 9%d. Flour, £8 15s. Bran and pollard, Is 2d. NEWTON KING'S WEEKLY REPORT.

At my Urenui supplementary sheep fair on Friday, Bth inst., every pen was full, quite 10,000 being penned. Bidding at the start was very dull, there being practically no demand far 2-tooth ewes or old sheep. As the sale progressed things brightened up considerably, and good ewes, wethers and lambs sold freelj', most lines being quitted either at hammer or privately. Prices realised were: Lambs, best 5s Bd, 5s 9d, 6s -2d, 7s 4d, 7s 10d, others 3s to 5s 2d, 2-tooth ewe» (Romneys) 115.3, poor 10s 6d, 2, 4 and fl-tooth 9s 4d, poor 7s 7d, 2-tooth to f.f.m. ewes lis lOd, 10s 9d, 8s 7d, 8s sd; 8s 3d, 6s, 4 and fl-tooth ewes 12s, 4-tooth ewes 14s to 14s Gd, 6-tooth ewes lis 6d. uincoln ewes 17s, sound-mouth ewes 7s, os lild, 5s Id, fat ewes lis lOd to 12s 2d, culled ewes 2s to 4s 3d, 2-tooth wethers 13s Id, 12s fid, 12s 2d, 12s 9d, 12s, 10s lid, poor 6s to 8s 4d, 2-tooth to 4-tooth wethers 12s 7d, 4-tooth wethers 12s .9d, f.m. wethers lis 2d, fat wethers 12s 2d to 14s, rams 2 to 4 guineas, others 10s •6d to £1 lis.

• At Waiwakaiho supplementary sheep fair I had the advertised numbers penned. Bidding throughout was very slack, but sales were made during the day at the following rates:—Woolly lambs 4s Id to '6s sd, fat wethers 12s Bd, 2-tooth ewes lis to 13s 9d, 2-tooth to f.f.m. ewes 5s to 9s, sound-mouth ewes 9s Id, 2-tooth wethers lis 6d to 12s 7d, rams 1% to 2 gns., others 6s 6d to £1 3s. , At Eahotu on Tuesday I had a godd yarding of cattle and a good attendance. I had a good number of weaners penned, but there was little demand, and most lines went home. Prices realised were: Jersey heifer weaners £1 5s to £1 10s, mixed weaners 18s to £1 3s, ,15-months steers £2 14s, 18-months heifers £3 ss, bulls £2 5s to £4, store cows £2 4s, to £3 7s, forward cows £3 lis to £4, fat cows (good) £5 9s, 2-year-Holstein heifer £4 17s.

During the week I have disposed of several large lines of stock at the following rates: Heifers in calf £4 7s 6d to £5, 2%-year steers £4 12s 6d, yearling heifers £1 14s to £2 10s, fat cows £5, forward bullocks £6 ss, mixed weaners 19s to £1 0s -Gd, weaner heifers (Jersey strain) £2 ss, 15-months steers £3, forward wethers 12s 6d to 13s 6d, lambs (good) 6s to 9s, rams Iy z to 2gns. MATTHEWS & BENNETT'S REPORT. Messrs Matthews and Bennett repoTt that there was a large entry of cattle in their Inglewood yards on Wednesday last, prices being about the same. Weaners (good) made £1 7s 6d to £1 14s, do. (small) £1 to £1 6s, store cows £2 to £3 10s, bulls £2 to £4 10s, Jersey heifers, r.vv.b., £4 ss, fat cows £5 2s to £B, forward cows £3 15s to £4 10s, ewes 4s 7d to ss, steers £2 17s to £3 2s. SOUTHERN MARKETS. ADDINGTON.

At Addington best forward rape lambs made 12s to 13s 7d, good 10s 9d to lis 6d, medium 9s to 10s 3d, inferior and small 5s to 7s 9d, forward four and six-tooth wethers 14s fid to 14s 9d, two-tooths 12s <sd to 14s 6d, good two-tooth ewes 15s 6d to 17s 6d, others 13s to 14s, sound-mouth ewes 9s to 14s 3d, four, six and eighttooth 12s to 10s 3d, aged ahd culls 3s 9d to 7s >6d. Good freezing lambs sold at 12s 6d to 16s 6d for ordinary weights and 16s 9d to 18s for* tegs, butchers' lots making 12s 3d to 17s 4d. Prime wethers for freezing 17s to 20s 6d, extra to 21s, others 14s 9d to 16s 6d, merino wethers 13s 3d, prime ewes 13s to 17s 3d, extra to 18s 9d, others 9s to 12s 6d. Fat steers made £7 10s to £ll 12s 6d, extra to £l3 10s, heifers £4 17s 6d to £lO 15s, cows £5 7s 6d to £9 2s 6d (equal to 22s to 27s per 1001b). JOHNSONVILLE.

At Johnsonville a heavy yarding of prime sheep and cattle came forward and sold readily at late rates. Prime heavy bullocks made £9 17s 6d to £lO 2s (id, prime bullocks £9 7s 6d to £9 10s, light £8 10s to £8 17s 6d, extra prime heavy wethers 17s lOd to 18s, plain wethers 14s 9d to 15s, prime heavy ewes 14s 6d to 14s lOd, plain lis lOd to 12s 2d, medium lambs JOs 6d to lis- 9d, prime shorn lis 9d, plain lambs 8s 6d to 9s 6d. BURNSIDE.

At Burnside 120 fat cattle were yarded. This was a small yarding. The quality was mixed, the main portion consisting of cows, heifers and medium and light-weight steers. Prices showed an advance of 10s per head on last week's rates. Best bullocks, to £11; medium, £9 to £lO 10s; best heifers, to £7 10s* others, £5 10s to £6 10s. Fat sheep—lß7l yarded. A medium yarding. The entry consisted mainly of old ewes of medium quality and lightweight wethers. Owing to'the yarding being smaller than usual, prices were slightly tetter, ewes improving to the extent of Is and wethers 0d per head, compared with last week. Best wethers 18s to 2Qs, medium 16s 6d to 17s Od, others 13s ®d to los 6d, best ewes to 16s, medium 12s to 14s, others 9s to lis 6d. Fat lambs—lo43 penned, which made a medium yarding. The quality was much on a par with that of late yardings. At the beginning of the sale prices were slightly better, but after butchers' requirements had been ■filled, values receded, as export buyers were operating on reduced limits in sympathy with London markets. Best to 143 '3d, medium 12s 6d to 13s 6d, unfinished 9s to lis. Pigs were in Bhort supply, and there was keen demand. Suckers 9s to los, slips to 33sj porkers 40s to oOs, light baconers 69s to 80s. !

LONDON DAIRY PRODUCE REPORT. Messrs E. Griffiths and Co. are in receipt of the following market report from their London principals, Messrs Mills and Sparrow, dated 2/2/12: — The weather has become very wintry, cold north-easterly winds prevailing, and snow is falling in several parts of the country, Danish: Arrivals this week showed an increase over last week of,about 2000 casks, but in spite of this the ttiarket has remained steady. Next week arrivals should be back again,to normal quantity, and it is therefore reasonable to expect prices will be a little better. Siberian: Practically nothing is coming to this country; ail the butter that is being made is finding its w'ay to the Continent. Australian: There has been a good steady demand; in fact, quite sufficient to clear the Mongolia's arrival, which amounted to 38,000 boxes. The Kent and Norseman, bringing about 4000 boxes each, are now in dock and discharging. Values are about the same, and although the quality of the Victorian butter is rather better than it was last week, it is still a long way below the best standard, but owing to the general shortage, sellers do not have to give very much, and seconds are realising within a few shillings of the very choicest, buyers being so hard hit for profit this season that tliey are out to buy something for price, and rather sacrifice quality to this extent. We regret to have cables this week advising that the dry weather in Australia is doing a lot of damage, and that future supplies will be light. This is indeed bad news, but we hope thai the producers who have not sold their outputs will in some measure be compensated for the shortage by the high prices now ruling, and as far as we can see is likely to prevail for some time. New Zealand: The demand has not been as satisfactory as we would wish. As already explained, most of the trade this week has run on the underpriced butters, and although choicest is by far and away the best value it is surprisikg what buyers will take at a few shillings under. The Remuera has not cleared, but as there is practically all next week to go, we think there is every prospect of the butter being out of the way before the Corinthic's cargo will be om the market.

Cheese. —The market is a little disappointing, and this ip mainly ca.used by those who bought outputs on f.o.b. terms, which, of course, have shown them splendid profits all along, and these people are quite willing to take 6d to Is under the market price rather than hold the goods for a few days. It is not to be wondered at, however, because the margin is a pretty good one. We are ,of opinion that there is no cause for a reduction, and should the market be forced down somewhat, it will quickly rebound-.