COMMERCIAL.

Taranaki Daily News, 18 November 1919, Page 2

COMMERCIAL.

LONDON WOOL SALES. London, Nov. 14. The wool sales have closed; 150,000 bales v.ero offered and practically all sold. Compared with tho last sales the closing rales, fur best merinos advanced fully 15 per cent., aurage faultles 10 to 15 per cent, scoured 15 iit-r cent., finer crossbreds 10 per cent., medium 20 per cent., coarso 15 per, cent., slipes .uul scoured 15 per cent., good mcvino lambs 10 per cent., faulty, both greasy and scoured V/s per cent. A few merinos were offered to-day, and a largo selection of greasy crossbreds. There was good competition, and a strong sale. A new record price of 123 d per lb was realised for Australian scoured super-combing. Business firms, as well as the official authorities interested in the wool trade, agree in predicting that growers' proflls will remain well above the pre-war average for tho ' next two years, whether the British Government attempts another deal or adheres to the arrangements terminating the purchase in June, 1920. The war has left Continental Europe almost hnro of home-grown material, and the ab-. semie of tho Russian contribution leaves a great gap In the normal supply. Recovery in other countries has scarcely begun, but Wurope must be clothed. The restoration of Continental manufacting will far precede local production of tho raw material on a large scale. French and Belgian mills are resuming strongly, and Germany and Austria will scum follow, tempted by consumers' readiness to pay ;hlgb prices. The rapid consumption by manufacturing firms largely explains tho extraordinary bidding at the latest wool sales. REDUCTION IN MEAT PRICES. I London, Nov. 14. | There is reason to believe that the Tecent I reduction in tho price of meat was partly due 1 tlie pressure of Australian meat Interests, Mio found Hint all the cold storage in Britain 5 -as crammed with meat, and this prevented , ho discharge of incoming shipments. An Australian firm informed the authorities 1 i ;hat unless more meat was released and the}, ut eoeourace freer cou«wo«es,

they would bo compelled tv close their Australian works next season. SHARES. London, Not. 14. Waihl Junction shares: Buyers 13s 6d, sellers 14s, 3d. P. and 0.: £660 and £6BO. Government stocks: Copper 18,482 tons, spelter 20,290 tons, aluminium. 9353 tons, lead 04,832 tons, nickel 2100 tons, antimony 3200 tons. LONDON TALLOW MARKET. Messrs. Dalgety are In receipt of a cablegram from their London house, under date of 12th lust., reading as follows: At the auction sales 1380 casks of tallow were offered and 1050 soli). Mutton realised 110s per cwt., good color mixed 100s, and gut 80s to 935; beef tallow, nothing offered, nominal value 1211s. FARMERS' CO-OP. ORGANISATION SOCIETY'S REPORT. At Opunako, on Monday, we had a large entry of all classes of stock. Fresh cows and heifers sold well, but steers were not In demand, and were only saleable at reduced prices. Good woolly hoggets made to 355, fresh forward conditioned cows and heifers £lO to £l2 15s, lighter sorts £0 10s to £9 10s, 2-year medium bred steers £8 Gs, yearling steers £2 10s to £3 10s, dairy heifers, close up, £lO to £ls, pedigree Jersey bulls to 30gns, grades to 22gns, Shorthorn and Holstein bulls to 12gns, weaner pigs 38s to 41s. At Manala, on Tuesday, there was the usual entry, comprised chiefly of good fresh cows. | A total clearance wa3 effected at prices In the vendors' favor. Quotations: Weaner pigs 21s to 31s, light stores to £3 6s, hoggets to 395, forward cows to £l2 lis, light do. to £9, dairy cows to £l7, heifers to £l2 ss. On the same day, at Stratford, we had a good entry of storo and dairy stock, which sold at lato rates. Forward cows to £lO 18s, light do. £6 to £8 10s, 2-year steers to £7 19s, yearling heifers from £4 Is to £6 13s (id, stoers to £4 7s (id, bulls to £l4 10s, dairy cows to £l7, heifers to £l2 15s, backward sorts £? to £8 10s. On Wednesday, at Inglewood. there was a large entry of all classes of stock. There was a fair demand for empty cows and also fresh conditioned young cattle, but anything dry in tho coat in tho latter class was not eagerly sought after. Quotations: Ewes and lambs from 42s 6d to 45s 6d, weaner pigs to £2 6s, forward cows to £ll, light cows to £8 10s, good conditioned yearling heifers to £j> 12s, yearling steers'to £4 9s, dairy heifers to £l4 15s. At Auroa on Friday we had a large entry of cows and young cattle, and the whole of the entry changed hands, excepting a few pens of yearling steers and medium conditioned heifers, for which there was little demand. Best cows made from £lO 10s to £l2 15s, others to £9 10s, 3-year-old bullocks £l3, iVre-ycar 'steers £9 ss, yearling Jersey heifers £S 15s, yearling steers to £3 2s, yearling Holstein heifers to £5 53, dairy heifers to £l3, N.Z. LOAN AND MERCANTILE CO.'S REPORT. Tho New Zealand Loan and Mercantile Agency Co., Ltd., Hawera branch, report as follows: On Monday, 9th inst., we held our usual fortnightly sale at Kakaromea when cattle came forward in large numbers. Prices were: Store pigs £2 5s to £4 10s, fat cows £l3 2s 6d, forward cows £lO 15s to £ll 10s, store cows (good) £8 15s to £lO 2s, light store cows £5 to £7 ss, bulls £5 to £ll, dairy heifers £8 10s to £l2 ss. The advertised heifers were yarded in large numbers and met with a ready sale. We Quote: 2-yenr empty hoifers £0 15s to £8 17s, best yearling heifers £5 to £7, small sorts £3 to £4 10s, yearling steers £3 10s to £4 16s. On Wednesday, at Eltham, there was a full yarding of sheep, and an average number of cattle were penned Sheep were dull of sale, but tho cattle sold woil at ruling rates. Prices were: Fat and forward ewes 20s 6d, store pigs £2 Os, Shorthorn bulls £l6 10s to £l7, Holsteln bulls £ls to £ls 10s, unsound bulls £4 to £7 10s, forward cows £lO 5s to £ll 13s, store cows £6 10s to £9 9s, weaner heifers £3 4s to £5, weaner steers £2 5s to £3 17s, dairy heifers £6 to £l2. On Thursday at Hawera we report a very large yarding of all classes of stock. Sheep came forward in exceptionally large numoers, and although dull of .sale ai the hammer, a peat number were sold privately. Cattle met with keen demand. We quote: Ewes and lambs 30s, hoggets 2Gs to 31s, ewes and wethers 345, bulls (unsound) £4 to £]3 ss, sound bulls £G to £lO 10s, yearling ditto £4 15s to £0 dairy heifers £7 to £l2 10s, cow £lO, store pigs (small) £2 10s to £2 12s, weaner ditto ISs to 20s, fat cows £l2 16s, forward dixto £lO 12s Cd to £ll 19s, store cows £G 17s to £9 12, Gil, empty 2-year heifers £7 18s to £8 Is. good weaner heifers £5 6s to £6 ss, weaner heifers £3 to £4 9s, steers £3 to £4 6s.