COMMERCIAL.

Taranaki Daily News, Volume LV, Issue 164, 28 November 1912, Page 7

COMMERCIAL.

LONDON MARKETS. By Oable—Press Association—Copyright. London, November 26. Wool.—The sales have opened strong at 5 to 7y z per cent, increase. Share Quotations.—Bank of Australasia £ll7 and £ll9, Union Bank £57 10s and £SB 10s, National Bank of New Zealand £4 17s 6d and £5 2s Cd, Loan and Mercantile £99. LONDON WOOL SALES. By Telegraph—Press Association. Wellington, Wednesday. Following is the High Commissioner's cable under date, London, November 26: •-• •■ -^.-.. 1M .... -, ..

Yi'ool.—The sales have commenced. The market has advanced Id lb on an I average for all grades. The market looks very strong. There are a number of buyers at the higher price. Trade is good and the demand is greater than the supply. Present prospects indicate a continuance of the high prices for some time; 18,500 bales of New Zealand wools have been catalogued.

TARAXAKI WOOL, SKIN, HIDE AN T D TALLOW SALES. MR. NEWTON KING'S REPORT.

On Tuesday. November 19, I held my usual four-weekly sale of the above produce, the catalogue comprising 30 bales and 90 sacks wool, 2987 sheepskins, 13 casks and 52 tins tallow, 844 hides and 544G calfskins, besides the usual assortment of horsehair, cow tails, etc Bidding throughout the sale was very keen ! and spirited. Wool—As yet i there is only a small quantity coming forward, shearing operations having just commenced. Prices m comparison with last year's opening sale were one penny to one penny half-' penny higher. Owing to the unsettled state of the labor market in shipping and other circles and the increased freights to London, many growers are disposing of their wool in the Dominion. In this respect I have to report the sale of a 90-bale.clip at a satisfactory figure. Sheepskins—ln keen demand'at y 4 d per lb advance. Hides—There was an unprecedented demand of these, prices being the highest yet recorded. A careful perusal of J the prices realised will show the extreme values obtained, all classes selling at an advance of from %d to iy 3 d perlb. _ Yalues are likely to remain firm owing to a 'shortage throughout the Dominion.

Calfskins—All lines sold exceedingly well at an advance of l%d to 2>/>d per lb, 2800 realising Is to Is Id per lb.

Tallow sold well at late rates. I quote : Wool—Fine crossbred 9V 2 d, medium crossbred 8d to S%d, coarse crossbreds 7 ] / 4 d to 7%d, cotted o</ 2 d to 7d, black (id to 6%. crntchings sd", 5y 4 d, 5 1 / 2 ci to B%d, first dead 7%d, second dead 7dj inferior dead sd, locks 3d, skin pieces 3y 4 d.

Sheepskins—Medium crossbred 8d .' to Sy 4 d, or 7s to 9s 8d each; coarse crqssbred 7d to 7 1 / ( d, inferior 6 1 / s d to£ 7d,. hoggets 7d to 7y 4 d, damaged to 6%d, dead sy,d to 6y>d, dead lambs 4y«d to sd, half-wools 5d to. 5y 2 d, spring lambs 4'/ 2 d to^y 4 d, dead and damaged 3%d to'4%d. Damp lines: Heavy jbo\ 7s sd, 7s 9d, Bs, 8s 3d to 8s 7d, fis Gd, Gs Bd, Gs Od, 7s to 7s 3d, hoggets 4s, 4s 3d, 4s 7d to ss, : damaged 2s, 3<Bd, ss, 5s 9d, 6s lid to 7s 3d, spring lambs Is 3d to Is (3d, pelts 9d, lOd to Is, damaged pelts Id, 2d to sd, dead 4s Id, 5s 3d to 7s Id. Salted lines: Heavy wool 6s 9d, 7s, 7s Cd, 7s Bd, 8s Id to 9s, fullwool 6s, fls 4d, 0s 7d to Cs lOd, damaged 3s 6d, 4s 2d to ss, spring lambs Is Id to Is sfl, pelts Is 1d,..1s sd, Is 7d to Is lOd. Hides—Butchers' ox, stout, 445, 455, 50s to 5Gs each, medium ox 325, 335, 34h (id, 375, 38s to 395, light 22s 6d, 28s, 255, 27s Od to 2!)s;,cow. heavy 31s. 32s fid. 335, 34s 9d, 35s fid'to 3.85, medium 25s fid, 20s, 27s 3d, 28s -to 29s Cd, light. 225. 235, 245-to 255, cut cow 21s, 21s' ; fid, 225, 25s to 275: farmers' cow, light Gy,d to 7%d. medium G%d t0.7%d, heavv 7d, 7y 4 d to 7%d, slippy 3d,. 4d, sy s d, Cd, o%d to 7d, cut cow. Od, fi'/ 3 (l, o%d to 7d, dry Cd, Cy 2 d to o%d, stags sy.d. 5%d to fid, yearlings, sound Gy,d, o%d. 7(1 to B%d, slippy 5y 2 cl to,fiy,(l, cut o%d, G'/ 2 d to 6%d. . r

Calfskins—Special lines 12'/,d to 13d, special cut ]2y s d, first calf 12d, 12%. 12y 4 d to 12% d, seconds lid. liy s d, liy t d to ll%d. fteshv 8%,'0d, lOd. lo'/.d to lid, small fleshy, 6V-A to Bd. dirty fid, 7d, 7 J /.d to 10d, first cut'l'(M,'iey.ci.'lld to ny'd, second cut 7d, 7>/ 2 d, Sd to 9%d. badly cut od to fiy,(l, first slippy Bd, Syd, Sy.ii. B%d, 9d to 9%d, second'slippy sd, 5%d, (id to Gy,d, inferior lots Id. ly.d, 3d to 4d, dry Od, 9d, Is 2d to Is 7d. Tallow—ln casks, best mixed 27s to 27s (id, good 20s to 20s fid. medium 245; 3d to 24s fld, .inferior- 23s 9d; in tins, best lines 20s Od to 28s fid, medium 24s to 24s 9d.

Horsehair, Od, Is Gy,d to Is S'/od per lb. Horse tails. lOd each. Cow hair, 7%d per lb. Cow tails, Is fiy 2 d per doz. Horse hides, 9s Od to lis 0d; cut, 3s Od to Cs 9d.

My next sale will be hold on Tuesday December 17.

LOAN AND MERCANTILE CO.'S ' REPORT., The New Zealand Loan and Mercantile Agency Co., Ltd. and Reduced (Stratford branch) report aa follows: — On Tuesday, lilth inst., we held our annual combined cattle fair in our Stratford yards, when there was a large attendance of buyers from all over Taranaki and from as far distant as Taihape. We. yarded 1200 head of cattle, most of which were sold at the hammer or afterwards. Kifteeivm'onths cattle came forward in large quantities, but the demand was not very keen for young cattle. We quote prices as follows:—3'/ 3 to 4-year bullocks 125s to 140s, 2 to 2 1 />-year steers 93s to 97s Cd, 2-year empty heifers 80s to 97s fid, lu-months heifers (Shorthorn sorts) 's4s fid for small stuff to 75s for veil-grown heifers; 15-months Jersey and Jersey-Holstciri heifers 88s Cd to 105s, 15-months steers (small and in poor condition) 52s Od to 78s Od for lines of good condition; store cows (low in condition and small) 4-43 to 02s fid, ordinary sorts 05s to 82s Cd, forward and fat cows 90s to 134=, bulls 37s fid to ]24s. We also held a sale in our dairy pens, where there were about 30 heifers yarded, and prices realised were from 95s to 127s Od.

On Friday, 22nd inst., we held our usual monthly sale in our Kohuratalii yards, when there was a good yarding of 300 head of cattle, and'3oo head of sheep, also a large attendance of buyers. We quote prices as follows:—2 to 2 ! / 3 - year steers 85s to 05s, 2-year empty heifers 86s to 97s fid, 15-months steers GOs to '7ls, mixed yearlings 57s fid to fios. store cows 50s to 80s, bulls 57s to 100s, fat sheep 14s to 17s 6d, dry 0-tooth ewes (poor) 10s 3d, ewes and lambs (very poor) lis fid to 13s Od, wethers 13s (id, ewes (mixed ages, 00 per ceftt. lambs) 17s Bd. During the week wo have sold a large number of sheep privately for forward delivery, prices being as follows:—Wethers, 4 and fi-tootli, 14s fid to 15s, 4 and 5-year ewes 10s fid, wether lambs 0s fid, mixed lambs 10s. We have also sold a good number of sheep and cattle privately for immediate delivery, prices. being as follows:—Hoggets 14s to 16s,

ewes and lambs 15s 9<l to 22s 6d, rams 425, 4-tootli wethers 20s; yearling to la-months steers 60s to 68s, 15-months Shorthorn' heifers G2s 6d to 60s, 2-year heifers 90s to 955, Jersey-Holstein heifers (15-months) 90s to 103s fid, store cows 51s to 90s, springing heifers 128s to 150s, dairy cows 105s to 150s, Jersey bulls 13y>gns'to 20gns.