COMMERCIAL.

Taranaki Daily News, 6 March 1920, Page 2

COMMERCIAL.

EXCHANCE RATES. < By Telegraph.—Press Assn—Copyright. London, March 1. Foreign exchange rates: London on Paris 48.52 francs, Stockholm 18.22, Christlanla 19.92, Calcutta 31d, Montreal 393 cents. New York 342 cents. AUSTRALIAN MARKETS. Sydney, March 5. Barley.—English, 7s 2d tu 7s 6d; Cape, 6s 2d to 0s !id. Oats.—Algerian milling 5s 9%d to 5s lOd; feed, 0s 5d to 5s 6d. I'otr.toe9.~-£G to £6 10s. Onions.—£l3 10s to £l4 Is. Melbourne, March if. Hides— Medium and heavies a half-penny letter, ordinary kips declined a half-penny md lighter grades a penny. ADDINGTON MARKET. Chrlstchurch, March 3. At Addlngton market there was an average yarding of fat cattle and sheep and a large one of fa* lambs. Both cattle and >heep sold at late rates, notwithstanding that Freezing buyers operated less freely, than usual. Fat lambs were caster. Store Sheep.—A large yarding, about 28,000. The sale for forward lambs and wethers was good, although all lines eased towards the close of the sale. Forward lambs 22s to 24s lOd, ordinary 18s to 21s 9d, low conditioned and inferior 14s to 17s 9d, cull lis 4d to 13s Dil, 6 and 8-tooth ewes to 31s 2d; and 4-too-Ji 26s to 31s 2d, 4 and 6-tooth 25s to 325, good 4 and 6-tooth to 33s 6d, low conditioned 18s 6d to 24s 6d, aged 14s 5d to 19s, 2 and 4-tooth wethers to 29s 2d, 6 and 8-tooth 28s, 2- tooth halfbred ewes 425. Fat lambs.—There were 0000 penned, compared with 4860 the preceding week. A big proportion were of indifferent quality, which met a slow sale. A few pens of really prime brought from S3s to 365. Prime lambs 29s to 32s lid, medium 25s to 27s 9d, lighter and unfinished 20s 6d to 24s 9d. Fat Cattle.—3so penned. The quality generally was inferior, a great quantity of unanlshed stuff being forward. Values were Arm throughout, - particularly towards the close. Prime steers £2l to £24 10s, medium £ls to £2O 10s, lighter and unßnlshed £8 13s to £l4 l'2s 6d, prune heifers to £l7 17s 6d, lighter £8 7s 6d to £l3 10s, prime cows £l3 10s to £lB 10s, lighter £ll to £l3. Fat Sheep—There was an average yarding of seven races of good quality. The tone was very firm towards the close. Freezing buyers secured a proportion of the yarding, but did not display so much activity as at recent sales. Extra prime wethers to 40s Td, prune wethers 27s 6d to 43s Bd, medium 34s 6d to 363 «d, lighter 2Ss 9d to 34s Id, prime ewes 37s to 43s 4d, ordinary 31s to 375, lighter 24s 6d to 31s. Dairy Cows—A short supply met with a keen demand, heifers and cows close to profit being keenly sought after. Heifers to £lB, good cows £ls to £lB 5s Od, ordinary £9 to £l4 10s. Store Cattle—An average entry, bulls figuring largely. Forward steers met with good Inquiry. Bulls to £lO 10s, 2-year steers £7 5s to £3, 3-year steers £lO 10s to £l2 155. Vealers.—There was a medium yarding and an average demand.

Fut Pigs.—There was a good entry of fat pigs, which met with a fair demand. Recent rates were realised, the average price per lb being lid to lU6d. Store Pigs—There was a large yarding and reduced demand. Best stores to £5 3s, medium to £3 18s, weaners 19s to 325. 6URNSIOE MARKET. Dunedln, March 3. All the fat stock departments were well supplied at Burnaide to-day. Freezing buyers would have competed more keenly had space been Satiable at the freezing works, which would undoubtedly have resulted in Increased values being obtained. As compared with last week's rates there was very little difference In the prices realised, with the exception of pigs, which showed a substantial reduction on last week's high rates. Fat cattle: A medium yarding, numbering 159 head, of fair quality. The demand at the commencement of the sale was somewhat keen, prices being dearer by 20s to 30s per head. Extra prime bullocks sold at from £2O to £25, prime £lB to £2O, medium £ls to £l7 10s, lighter £9 12s Cd to £ls, extra prime heifers £lB to £lB 10s, prime £lO to £l7. lighter and unfinished £9. Store cattle: An unusually large yarding, which resulted in a very- dragging and unsatisfactory sale for vendors. A large number of cows suitable for canning purposes were offered and sold at 10s per head below last week' 3 rates. Very young cattle, and those in backward condition, were difficult to dispose of, even at a substantial reduction on late rates. Sheep: A good yarding of mixed Quality, a total of 2498 head being offered. The proportion of prime sheep was small. The demand for first-class was good at prices a shade firmer, while secondary and Inferior sheep were a little weaker than late rate*. Prime wethers made from 44s to 50s 6d, medium 37s to 435, lighter kinds, from 30s upwards. Extra prime heavyweight ewes made up to 475, prime 37s to 43s 6d, medium 32s to 38s. light and aged from 24s upwards. Fat lambs: A large yarding of fair quality. The total number offered was 1729 head. Owing to the congestion at the freezing works assuming a more serious character, the sale waa not of an animated description. Prices realised were a little below late rates, ranging from 17s 6d to 34s per head. Pigs: A full yarding, and though there was good competition prices were easier by 10s per head for light pigs, and from 15s to 20s per head for heavier kinds as compared with the extreme rates of last week. Suckers and slips were also easier. Best baconers realised from lUid to Is o%d per lb., and beat porkers from Is o%d to Is l%d per lb.