COMMERCIAL.

Taranaki Daily News, 16 December 1919, Page 2

COMMERCIAL.

THE STEELING EXCHANGE.

By Telegraph.—Press Assn.—Copyright. Received. Dec. 15, 5 5 p.nt London, Dec. 14. The committee on currency and foreign exchanges, in its final report, states that the depreciation of. "the starling' exchange in >"ew Fork is largely due to the expanded state of credit in Britain and the large payments we bare to make to America for necessary imports make it essential we should secure payment In cash fof as large a proportion of our exports as possible. We therefore recommend that we should give preference to' exports to countries able to pay in the ordinary course of trade. The tost essentials to a recovery are increased production, cessat'cn of Government borrowings, decreased expenditure by the Government and Individuals.

LOSS ON EXCHANGE RATE*

Becelved Dec. 15, 5.5 p.m. .. ' Paris, Dec. 14. With a view to covering the loss on the rate of exchange the Trench Government is heicelourth taxing foreign telegrams 65 centimes per franc.

THE PRICE OF GOLD.

Becelved Dec. 15, 5 5 pip. London, Dec. 14. Tine gold sold at Ills 3d per ounce, which is a record since the Napoleonic wars. The advance is largely due to India buying keenly, following the Government raising the price of the rupee to 2S& .

LONDON MARKETS,

Cotton.—January 24.32 d. Jute—Quiet. December-February £64 to £65 per ton. Hemp—Quiet. October-December nominal £4B 10s. Rubber.—Para 2s 6%d per lb., piSitation, smoked, 2s 6%d per lb. Copra—January-March £6l 10s. Linseed Oil, £IOB. Turpentine, £134.

LOAN AND MERCANTILE

At Kakaramed, on Monday, prices ranged aa follows: Store pigs £3 lis, large weaner pigs 35s to 38s, sows £9 15s, fat cows to £ls 12s, store cows £8 Is to £lO 10s, light store cows £4 10s to £6 10a, bulls £4 to £l2, 15-month heifers £6 14s. On Wednesday, at Eltham, the advertised sheep and cattle came forward and prices were on a par with late sales. We quote: Woolly hoggets 26s 9d to 28s 6d, empty ewes 23s 4d, broken-mouthed ewes lis 6d, weaner pigs 22s to £2 Is, gelding £25 10s, fat cows £l2 lis to £l3, forward cows £lO 9a to £ll 10a, store cows £7 10s to £9 l<s, light store cows £5 15s to £7, dairy helferg £8 to £lO, dairy cow £l3 10s. On Thursday, at Hawera, we report having a large yarding of cattle "when practically a total clearance was effected under the hammer, store, forward, and fat cows meeting with especially keen demand. We quote: Store pigs £3 3s to £3 lis, weaner pigs 31s to 365, wethers 4 and 6-tooth shorn 275, fat cows £l2 9s to £l4 133. ftoward cows £lO 17s 6d to £ll 15s, store cows £8 2s to £lO 3s, light store cows £5 to £6 17s 6d, 2-year steers £B, 3-year bullock £l4 15s, dairy cows £7 to £2O, bulls £5 15s to £ls. The advertised horses on account of Mr. Gregor McGregor sold from £8 to £22.

FARMERS' CO-OP. REPORT.

At Opunake, on Monday, we had a fair good entry of all classes of atock. fresh cows were In good demand and a satisfactory clearance of this claw was effected. Young cattle were dull of sale, steers especially beine only saleable at low money. Dairy cows and heifers came forward In large numbers, and considering that the season Is now well advanced competition might be termed keen, prices being In the vendors' favor. Fat cows made to £ls, fresh forward cows to £lO ss, lighter sorts £« to £» ss, good yearling t0 £i . dairy cows to £l4 10s, heifers to £l2 IDs, bulls to £l7 IDs, store pigs to £3 Bs.

On Tuesday, at Manaia, cattle came forward i", " umb " every pen In the yards being mied. The offering was comprised chiefly of good forward cows. There was a good attendance of export buyers, and a good sale resulted every beast being sold under the hammer at satisfactory prices. The supply of pigs was very large, and being greater than the demand, a dragging saler esulted. Quotations: Fat and forward cows £ll 10s to £l2 15 S forward cows to £lO 10s, others £6 to £9 bulls to £l2, dairy heifers to £7 15s, calves ■o 18s. yearling heifers small to £3 4s 2-tooth wethers small 19s, ewes anl lambs, all counted 12s 6d, weaner pigs 27s 6d to 35s store pigs £2 lis to £3 18s, sows to £6' On the same day at tSratford, we had a good entry which changed hands at late rates, , £l3 17s ' forward cows £lO to £l2 2s 6d, others to £9, yearling steers to £2 17s Bd, yearling Jersey heifers to £7 12s bulls to £l6 15s, dairy cows to £l2 10s. heifers (very late) £5 ss, small wethers 22s At Inglewood, on Wednesday, there was n larg» entry of all classes of stock. Graziers and speculators were afraid of the dry weather and although we sold a large proportion of the entry bidding was very slow and dull Quotations: Cull hoggets 15s, fair hoggets 19s to 22s 7d, store ewes 21s 3d, woolly ewes 25s fat and forward cows £lO to £l2 7s Rd, others to £B, 2-year-old steers £6 lis, good yearling heifers £6 10s, Jersey heifer calves £8 7s 6d, yearling steers good £4 2s «d. dairy heifer* £l2 10s, culls at £l2 15s.

At Auroa, on Friday, there was a good entry of cattle. Bulls sold well, but cows were slightly easier. Working bulls to £lB 17s 6d, fat cows to £ll, yearling heifers to £5 17s 6d, dairy cows to £l2 10s, heifers to £9 10s, 4-year-old gelding £3O, five-year-old mare £32.