COMMERCIAL.

Taranaki Daily News, 20 January 1920, Page 2

COMMERCIAL.

SLUMP IN SILVER. By Telegraph.—Press Assn.—CopsTight, London, Jan. 15. Silver slumped heavily to 79d. owing to the recent record rise bringing out sellers, who believed that top prices had been reached, and also because China was not a buyer in the market. However, it is generally believed that the reaction is only temporary. FOREIGN EXCHANGES. London, Jan. 15. Foreign exchanges: On Paris 42 47, Stockholm 17.8, Christian!* 19, Calcutta 27 15-16 d, Montreal 4.03 dollars, New York 3.725 dollars. BRITISH CURRENCY NOTES. London, Jan. 15. A Treasury statement says . that the currency notes issued to ddte were £1,516,979,401, of which £338,722,363 are outstanding. LONDON MARKETS. London, Jan. 15. Wheat.-r-Qulot and firm. An Australian cargo diverted from Liverpool sold at 61s. Flour.—QuieUr after the better demand owing to the increased railway rates now in operation. The Government realisations of Imported flour yesterday consisted of half Australian and half North American, Oats.—lnactive; La Plata, 55s 9d. Feaj.—A'air trade at .full late rates. . Beans.—ttather more business. Barley.—Quiet. Sugar.—Granulated, 66s Id. FARMERS' CO-OP REPORT. At Okala.wa on Monday we had a good yarding of sheep and cattle and report a successful sale, almost the whole yarding being sold. Fat ewes 295, cull woolly lambs 12s 3d, store ewes 18s, cull shorn lambs at lis, good woolly ewes at Its, fat and forward cows £lO to £ll 12s 6d, others £6 to £9, bulls to. £ll ,ss, Jersey heifer calves at £2, other calves £ll 6s, steers to £2 Bs, springing heifers to £9 15s, store pigs £4. At Eltham on Wednesday we had a record yarding of both sheep and cattle. Competition was keen throughout and a good sale resulted. Prices were as follows: Forward ewes 25s 10d, fat ewes and lambs 25s 2d (all counted), forward 2-tooth fat ewes 30s, ewes and wethers at 25s sd, store ewes to 17s, fair shorn lambs 158, others to 13s, fat cows to £l3 10s, forward £lO to £lO 10s, others £6 to £B, hulls £l9 15s, Jearling empty heifers to £4 6s, dairy cows to £lO 15s, light store pigs to £2 18s, weaners 29s to 409. On Thursday at Hawera We penned 2100 shesp and 365 head of cattle. Although bidding was not brisk we had a good sale of sheep, every pen being sold under the hammer. There was a good deal of life in the cattle market, and prices showed an advance on late rates. Quotations: Forward 2-tooth wethers 25s 6d to 29s sd, fat lambs 235, forward ewes 27s 6d, fat ewes (extra heavy) 555. fat sheep 41s, good woolly lambs 16s to 16s 4d. light store ewes 17s, fairly good woolly lambs 14s sd, fall shorn lambs 12s 4d, culls to 9s 4d, fat cows to £l3, forward £lO to £l2 10a, others £6 to £'9, bulls (heavy) to £l7 15s, others £7 to £ls, 2-year-old in-calf heifers £8 6s, empty yearling do. £4 14s, steers to £3 7s, dairy heifers to £9, light store pigs £2 10s, weaners 22s to 355. At Wawle.v on Friday ,we had a good entry of cattle and a medium yarding of sheep. There was a large attendance of buyers and the market showed an Improved tone, values being in vendors' favor. The entry on account of Mr. L. G. Bremer showed plenty of quality and realised satisfactory prices Quotations: Down rams to 3%gns, 2-tooth ewes 28s, fat cows £l3 19s to £l4 17s 6d, forwaid bullocks £l4 to £ls, forward cows £lO to £l2, others £9, 2-year-old Sliorahorn heifers to £9, yearling do. to £5 6s, cows and calves £B, light bulls to £7 12s 6d.

NEWTON KINO'S REPORTS. The opening sales of the New Tear have not as yet attracted big yardings, but fhe market taken on the whole has a brighter tone and there Is prospect of fair autumn sales for both sheep and dry cattle, despite the drought conditions recently experienced in certain districts. At Douglas, on 12th inst., the warding was small. Store and fresh conditioned cows sold readily, making from £8 10s to £lo Ts fid, light stores £G 15s, cows and calves £8 15s, bulls (for boner purposes) £lO to £lB 15s, 15 to 18-month steers £4 10s to £4 12s, 2%-year in-calf heifers £7 10s. The quality of the sheep throughout was not of a very high standard, sales resulting: 2-!uotii wethers 245, good lambs 20s, others 13s 3d, mixed agid ewes 18s. , At Stratford, on 13th inst., fat cows made from £lO 15s to £l2 ss, stores £7 7s to £9 16s, bulls £9 to £l7 dOs, younger cattle were penned in small numbers, 15 to 18-month steers making £4 16s, 20-month empty Jersey heifers £7 Bs, The sheep mostly were of an inferior class, two pens of good lambs changing hands at 15s and 13s respectively. At Kohuratahi, on 7th Inst., 1 neld a sheep find cattle sale in conjunction with the N. 35. Loan and M.A. Co. Tlip yarding of sheep was small but there was enquiry nevertheless oil pens offered changihg hands. ' Two-tooth wetbers 245, 4-tooth do 285 Cd, 4-tooth ewes 28s 6d. The cattle yards were full, consisting mostly of 15-raonth to 3%-year steers, of only fair quality. Two and half steers made from £6 to £7 78 6d, forward conditioned cows £ll, bulls £6 to £B. At Ohura, on 15th inst., I report a fair yarding of both sheep and cattle. Enquiry throughout was very keen, all classes of stock realising advanced rates, resulting in practically the total yarding changing hands. Good conditioned cows made from £9 2s 6d to £9 10s, cows and calves (in lines) £9, In-calf cows £7 12s 6d, bulls £6 to £lO 15s, The steer yarding comprised mostly Well-grown cattle, which sold well. Three and a half steers £lO to £ll ss, 2%-year do £6 10s to £8 Cs, colored do £5 9s, 15-month to LB-inonth do £5 to £6, poorer do £4 to

£4 lis, 20-month in-calf heifers £5 159 to £7, heifers (springing) £6 to £B, 15-month empty heifers £5 Is to £5 10s, small do £3 Qs to £4 2s. The offering of sheep was small, fair 2-tooth ewes making 22s 7d, fat and forward ewes 26s to 20s Id, f.to, ewes 17s. At Kaponga, on 19th Inst., I report a good yarding. Store and good conditioned cows and bulls were la hot favor, graziers and freezing companies operating very strongly for these classes. Best cows/.mad'e from £lO to £ll, stores ranged from £7 7s to £8 10s for light sorts up to £9 10s for those more forward. Heavy bulls £l3 to £lB, others £9 10s to £ll, 2%-year steers £S Is, dairy heifer (calved) £ll ss, shorn lannbs 9s Hd to 10s 3d. At Ingiewood, on 14th Inst., I had a good yarding despite rough weathei conditions. There was a good enquiry throughout, prices on the whole showing an advanced price, a most satisfactory clearanco resulting. Pat and forward cows £9 10s to £lO 15s, stores £7 10s to £9 Is, £4 15s to £5 15s, heavy bulla £lB 10s, others £7 to £lO ss, .cows and calves £7 17s Cd tc £8 15s, steers £7 10s to £8 15s, poorer do £5 15s to £6 7s Cd, 15-month dt £4 ss, others £3 to £3 18s 6d, small empty heifers £8 to £6 15s, heifers (in calf) £8 7s, do (springing) £6 5s to £9. Good lambs just shorn realised 14s, poorer dc 9s lid, f,m. ewes lis.

CANTERBURY MARKETS. Christohurch, Jan. 16. Tho flew season's oats are commencing to appear on the market, and Interest has revived accordingly. One or two lines of Algerians have been sold at 5s 3d and 5s 6d at country stations. There is very keen demand from the North Island for Algerians for seed purposes, and the market for a few weeks Is likely to remain buoyant.. A line of the new season's new Danish oats has been sold at 4s 7d at country stations. Gartons have eased and may be quoted at 3d less than recent figures. This is a somewhat premature forecast, but it is tho figure at which the new season's crop will generally open, the good price for Algerians being entirely due to tho new immediate rtquirements of the North. The new season's barley will commence to come In during the next fortnight. There is no indication of the figure at which the market will open. Chaff has eased in price, £6 10s fielng the limit of offers at country stations. There has peon a sharp rise In the price of cocksfoot during the week, representing from 2d to 3d per lb., and lid to Is 2d Is now freely offered at country stations. The rather disappointing nature of the Peninsula crops, combined with the increased North Island demand, is responsible for tho activity.