COMMERCIAL.

Taranaki Daily News, 25 August 1919, Page 7

COMMERCIAL.

WOOL SALES. j}y Telegraph—Press Assn.—Copyright. Received Aug. 24, 5 5 p.m. London, Aug. 22. The wool sales have closed. For the highest s«rles there was good competition throughout. France was particularly active, and tho United States, helped by the exchange, purchased freely, especially good style wools The Home trade was active. Seventy thousand bales were catalogued and practically all sold. Super combing merinos were keenly competed for, particularly by the United States and France, at ten per cent, to fifteen ler cent, above Hie last closing average, inferior combings being five per cent, up and carbonising at full July rates. Fine crossbrtds, which were in good demand for the Continent and Yorkshire, were ten per cent. K», medium being five per cent, up, and low Arm and unchanged. Fine scourods were ten p<r cent up, low being slightly dearer, fine s.'lpes harder, others unchanged New Zealnnd "Lumsden Hills" brought 28d.—Aus.-N.Z. Cable Assn. EFFECT OF EXCHANGE RATES.

New York, Aug. 21, The decrease In the foreign rate of exchange Is restricting American exports. In a single coy the Chicago banks lost £IOII,OOO. The British rate of exchange is now 412 cents fer £l,—Aps.-N.Z. Cable Assn. CANTERBURY PRODUCE MARKET. Chrlstchurch. Aug. 22 The markets generally are still very quiet. With the fine spring weather .being experienced "'pro Is but a limited demand for oats, and sales are now more difficult to effect than at the same time there Is little grain offering by growers, and there are no quotable changes in prices. Oatsheaf chaff is dull of sale, and tne price las eased. £5 los to £0 per ton Is now If rag paid at country stations, accorfllnu , u quality. There Is it further hardening of the potato market, and prices are now quoted at £8 ilia to £it per ton at country stations. Offerings from growers are not very largo at present ""he bulk of the onion crop has aow changed hands, only small lots coming forward Saies have been made dtirlnit the week at £l2 10s to £l3 per ton to growers. There are no changes to note in seeds, and Clovers are still rcry firm. THE HEMP MARKET. "The Department of Agriculture, Industries, and Commerce has received the following cablegram, dated August 17, from the High Commissioner for Now Zealand, London:—"Hemp ■ Mi.nila markot is easier; "J" grade shipment, inly, August, or September, sold £6O Mexican (word mutilated) lowered prto sisal hemp to 10 cents per lb, equal to £sl per. ton, spot, cif. New York. July price was 15 .'ents This affects demand Manila. New /(aland market Is dull and depressed High Points in dock, £sl; fair, £49 to £lO 10s." NAURU PHOSPHATES. Tho Prime Minister (Mr. Mnsscy) met the Board of Agriculture on Friday and discussed With tho members the Nauru Island scheme Tl,e board Is to prepare a report on the matter iwmners of the board expressed to Mr Massev tijpreclatlon of what he had been able to do up ti now, being of opinion that such a plentiful .-tipply of phosphates would be of great valuo to tho agricultural section of the community. FARMERS' CO-OP. SOCIETY'S REPORT. At Opunalte yards on Monday we held a si'eclnl horse sale Thore were 75 horses yarded, mostly draught and milk carters, and JH report a successful sale neovv draught off" f 2T 10 " ,0 £3! - "B K ' ""rnngh'ts £lB to £22, milk carters £1.7 to £25, backs £7 to £lO, unbroken draughts £ls to E2S At Opunnke yards on Monday wo held our usual fortnightly sale. There was a full yarding of cattle of all descriptions, and prices were well up to late sales. Dairy cows £lO to £l7 springing heifers £lO to £lO 10s, Backward heifers £7 to £9 10s, forward conditional cows £lO 10s to £ll 15s, store cows *' ">£" "I", three-year-old steers £ll 12s Cd to £l3 19s, 2-jear-old steers £7 5s to £7 m, yearling steers £4 10s to £5 5s yearling heifers £3 3s to £4 15s. On Monday, at Inglewood, we held a clearing sale of Mr. W. A. Jellyman's live and cend stock. There was a good attendance and everything sold well. Best dairy cows hrt to £27, others £l2 to £l9 10s, and the sundries, etc., sold well. On Tuesday, at Manala, we held our usual sale. There was only a small vardlng of store cattle. Prices were good. Store cows fii 10s to £lO, yearlings 30s to £3 3s. swinging heifers £l3 to £2l. wenncr ph-s ?oS lo 35*. store pigs £2 12s >.o £4. On Wednesday, at Inglewood virds, we held our usual salo Thore was a' good yarding of stock of all classes, and even-thing sold (it fully ruling prices We quite: Ewes In lamb 27s 2d to 30s cd. hoggets 23s to 30s 3d, rat cows £l3 15s, store cows £7 to £8 10s, empty hoifcrs £5 10s to £7 it, yearling nelfers £3 3s to £4 ig s , yearllag steers £3 S.I to £4 12s, dairy cows £lO 10s to £ls Iss, springing heifors £8 to £l2. On Thursday, at Inglewood, we held a cleartog sale r.f Mr. V Kehrldor's live and dead stock. Thore was a good attendance, and prices were tho same as late sales. yearling steers £4 12s Cd, yearling heifers £5 lis, ilalry cows £3 ins to £l3 10s. At Auroa yards on Friday, at our usual Shie, there was a small sale, and good prices were realised. Good forward cows £l2 5s to £l3 7s Gd. store cows £8 13s to £9, yearling heifers £4, yearling steers £4 15s, swinging heifers £l3 las to £2O 10s. N.Z. LOAN AND MERCANTILE CO. The New Zealand Loan and Mercantile Agency Co., Ltd., Hawera branch, report as follows: At Kalearamea on Monday, IBth Inst., we had .1 good yarding and attendance of buyers, and hislness was transacted at'tho following prices: Store cows £0 15s to £S, forward 3-year steers £ll 15s, 2-year empty heifers £7 5s fd, yearling heifers £3 8s to £4, mixed yearlings £1 10s to £3 7s, full-mouthed ewes and lambs 31s, hoggets 2Gs 3d to £1 12s. The advertised springing heifers on account of Mr. C. S. Tonks were an exceptionally choice lot and best Jersey sorts made £2O to £2O 10s. others £l4 5s to £lB 10s. On account of other vendors springing heifers made £l4 5s to £22 10s, dairy cows dose up £l3 10» to ££l.

At Eltham, on Wednesday, we had a fair •r.rdlng, and satisfactory prices ruled throughout. We quote as follows: Fat cows £lO Bs to £ll 2s 6d. forward cows £8 12s Cd to £9 Bs, storo cows £7 U to £8 Bs, .i-year empty heifers £6 Is to £7 14s, a good line of ditto realised £B, yearling steers £2 irs to £3 lis, yearling heifers £3 7s to £4 1 17s, springing heifers, backward sorts £7 to £l2 10s, dairy cows £l!i 10s to £2l IDs On the same day we held a clearing sale at Ncrmanby on acount of Mr. Richard Burke, when there was a lnrge attendance of buyers, and good prices were realised throughout. Best dairy cows made £2O ins to £29 10s, others £l4 to £lB lis, springing heifers £l6 l!is to "i 8 10s, bull £29, milk cart horse £2O lis, sow close to farrow £23 10s, sow and litter £l9 10s, boar £B, store pigs £ Ss. Sundries and household furniture sold exceptionally well At Hawera, on Thursday, we hold our usual fortnightly sale when wo submitted n good average yarding. Pr.icticnlly everything «j« dWntsed of under the hammer at the following prices: Good forward cows £lO to £lt, others £8 3s to £9, store coirs £0 to £7 IBs, 2% to 3-year steers £9 6s, yearlings mixed sews £2 to £4, veJirllng steers £2 19s lid to £4, yearling heifers £3 2s 8d to £3 Bs, full-mouthed empty ewes 245. In dairy pens, springing heifeis raad« €l2 to Kid. dairy «*-= SI? t» ««