COMMERCIAL.

Taranaki Daily News, 23 March 1920, Page 2

COMMERCIAL.

"" 10ND0N MABKETS, ■ By Telegraph.—Press Association, deceived March 22, 10.15 a.m. London, March 19. At the wool sales recent rates tor all sorts were fully maintained. The New Zealand TBS. realised 38% d. The Bank of England's announcement that it will withdraw six months. Treasury Bills from sale and substitute twolre months bills Is Interpreted as a hint that the authorities do not desire to Increase bank rates, and has caused a decidedly better tone on the Stock Exchange. LONDON WOOL SAIK3. The N.Z. loan and Mercantile Agency Co. Ltd. have received tho following cablegram from their London house under date 10th March, 1920: A» compared with last Sales closing rates, prices are lower by about 5 per cent to 7% per cent, for fine crossbred and merino. No change In other sorts. CANTERBURY PRODUCE MARKETS. Christchurch, March 19. Offerings of wheat are comparatively small. The oats market remains steady, and a fair amount of business has been done at late rates. There Is a good demand for chaff, and the attractive price that Is offered (up to £7 per ton' for good quality) Is resulting In a fairly large proportion of the crop being chaffed. There is little doing in potatoes, and the normal price averaged £5 10s for delivery next month or later. Onions are still nominally £8 per ton, and a little business has been done at this figure. Most merchants consider It excessive, however, and the consequence is that orders are very restricted, and only small quantities are being purchased. One merchant remarked:—"ln the past we have bought largely and taken a Tlsk with the onion crop; this time we will only buy to All our Immediate requirements, and will let the growers take more of the risk." FARMERS* CO-OP. SOCIETY'S REPORT. At Opunake yards on 15th, practically all offerings changed hands. We quote:—Sow to farrow £fi 10s, weaner pigs £1 Is, shorn lambs 13s Id, fat sheep 30s, dairy heifers £9 10s to £lO, bulls (light) £5 to £8 10s, fat cows £ll 5s to £l2, forward do. £9 2s «d to £lO. light cows £7 15s to £B, boners £4 10s, 18-month steers (Holsteln) £4 Bs, 2%-year steers £7 10s, empty heifers £0 3s, weaner heifers (Jersey) £6 6s to £6 173 6d, weaner heifers (mixed) £2 2s Bd to £3, weaner steers 16s to 345. At Manaia on 10th, we report a good sale. A good entry, of pigs being all sold. Wa quote: Good store pigs £3 to £3 7s, lighter do. £2 6s to £2 15s, good weaner pigs £1 Bs to £1 lis, small do. £l, fat sheep 28s 6d, good woolly lambs £l, shorn do. 13s Od, fat cows £ll 2s 6d, store do. £8 ss, forward do. £9 10s, Jersey heifers (empty) £ls, heifers (rw.b.) part Jersey £l4 7s fid, do. smaller £l2. bulls £lO 10s to £l4 ss, weaner heifers (mixed) £2 9s, do. part Jersey £3 19s to £4, dairy cows £l3, do. heifers £9 to £9 10s. At Stratford on 16th a fair yarding of sheep »nd cattlo sold at the hammer. We quote: Fat and forward ewes and wethers 28s, store ewes 15s to £1 Is, 2 and 4-tooth wethers (small) 24s 6d. cull lambs 12s, fat cows £ll to £l2 ss, forward do. £9 10s to £lO 10s, store do. £6 to £7 ss, bulls £9 to £l4. 20-month steers £4 2s to £5 ss, in-calf heirers 2-year £9 10s to £lO 10s. Jersey weaner heifers £5 5s to £6 7s 6d, Shorthorn do. £3 Is 6d to £3 ss, weaner steers £2 10' £2 10s. At Inglewood on 17th we had a full yarding of sheep and cattle, for the latter class bidding being free, a good sale resulting. We quote: Woolly lambs 17s 9d to 20s 9d, 4 and t-toorh ewes 203 8d to 27s Cd, f.m. ewes 14s to Us 3d. fat cows £lO 15s to £ll 10s, forward <lo. £9 17s, 2%-year steers £0 12s 6d to £7. lif-month steers £4 19s to £5 2s Cd. in-calf heifers. Holstein and Shorthorn £lO 15s to £ll 10s, do Jersey cross £l4 12s Gd to £ls 15s, empty heifers £4 15s. do. Jersey cross £8 Is, bulls £7 5s to £8 15s, Jersey weaner heifers (good) £8 14s, do. £5 7s to £6 17s, mixed weaner heifers £3 10s to £4 Cs, weaner steers £1 15s to £2 10s, mixed weaners £2 Is, %-draught gelding, 9-year, £l2 10s. At Auroa on 19th fat and forward cows were in good numbers, prices being on a par with late rates. We quote:—Light store nigs £2 2s 6d, weaner pigs 17s to £1 ss, tails (heavy) £l7. also £0 to £0 15s, fat cows £lO 17s 6d, forward do. £lO 13s, store do. £8 5s to £8 17s Gd, 2y a -year steers £7, j weaner heifers (small) 255, i Jersey cross -weaner heifers £4 17s Od, dairy heifers £9 to £lO 15s. N.Z. LOAN AND MERCANTILE REPORT. At Kaknramea on 15th we had a good yarding of both sheep and cattle. Bidding was brisk. Quotations: Fat and forward cows £9 10s to £ll 2s, store cows £4 15s to £8 10s, 18-month heifers £5 Bs, weaner heifers £2 5s to £3 9s. weaner steers 22s 6d to £2 is, males £l, bulls £7 10s to £3 10s, cull lambs lis lid to 14s Cd, f.m. ewes 17s 7d, fm. wethers 17s Id. On 10th (owing to St. Patrick's Day, Wednesday) we held our Elfham sale and had a good yarding of sheep and young cattle. Wo quote: Store cows £9 7s 6d, young cows £4 12s 6d, fat heifers £l2, weaner heifers £1 7s to £3 6s, steers £1 10s to £3, cull Ijmbs 10s 6d, woolly lambs 14s sd, 4 and 6tooth m.s. 225, fat ewes 26s lid. At Hawera on Thursday we had a good yarding of both sheep and cattle. Competition was keen, We quote:—Forward cows £lO 9s, Store cows £4 10s to £8 10s, Jersey helfera (r.w.b.) £ls 7a 6d, Jersey weaner heifers £5 12s, weaner heifers 26s to £3 10s, steers £1 7s to £3, bulls £4 2s 6d to £l2, fat and forward ewes 20s to 30s, fat wethers 35s 2d. 6-tooth and f.f.m. ewes 19s 6d, f.m. ewes 15s 3d to 20s lOd, 6-tooth and f.m. wethers 31s 6d, 5-year ewes 17s 6d. On Friday we held a clearing sale on behalf of the trustees of the late M. J. Goodson. There was a big attendance of buyers, and we report a very successful sale Quotations: Jersey cow 15%gns„ pedigree weaner Jersey bull 23gns., 18-month Jersey empty heifers £lO 6s, Jersey weaner heifers £7 6s, 2%-year Kieers £7 9s, 18-month steers £3 7s 6d, Southdown 2-tooth rams B%gns., stud ewes 2, 4, and 6-tooth 2gns, 4 and 6-tooth and f.f.m. ewes 25s 6(J, ram lambs 22s 6d, ewe lambs 24s 6d, lambs (good) 225, yearling draught geldings £l2 to £l7 10s. NEWTON KING'S REPORT. At TJrenul on the 15th. Inst., a fair yarding of both sheep and cattle sold readily throughout, prices for all classes being on a pur with late sales. Sheep: 6-tooth and f.m. ewes 20s to 22s 3d, fat and forward ditto 20s Od, f.m. ditto 10s to 12s Cd, good sttorn lambs 18s 6d, small ditto 13s. Cattle: Jersey and Jersey cross weaner heifers £5 15s to £6 4s. mixed weaners £2, weaner steers £2, 2%-year steers £7 16s to £8 4s, Jersey ditto £5 15s to £6 2s, 20-month ditto £4 15s to £4 19s, 20-month empty heifers £5 16s, 20month In calf heifers £7 ss, store cows £6 to £B, bulls £9, 2% -year Shorthorn springing heifers £ll 10s, dairy cows (springing) £ll 10s to £ls. Pigs sold from £2 Is to £2 10s for good stores, and 258* for weaners.

At Stony River, on the 16th. Inst,, I report a full yarding of cattle also a good entry or sheep. Cattle sold well throughout, very few pens being passed at the hammer. For good Shorthorn weaner heifers prices advanced, but all other classes remained at the same level as recent sales. Well-grown Shorthorn weaner heifers £4 2s fid, mixed heifers £2 2s 6d to £3 is, Jersey cross weaner heifers £5 17s Gd, weaner steers £1 15s to £2, fat cows £9 15s to £lO 2s 6d, store and forward ditto £7 to £9. bulls £4 12s 6d to £7, 18month empty heifers (small) £4 15s, 20month steers £4 14s, poor ditto £3 6s, good conditioned 3-year steers £lO 10s, 20nionth heifers (In calf) £7 10s, small ditto £5 5s to £6 10s, choice Jersey cross in calf heifers £ls 5s to £ls 15s. There was keen inquiry for springing stock, of which there was a good offering, 2%-year heifers close up, £ll 15s to £l2 10s, not so forward £9 IDs to £lO 10s, heifers (In milk) £8 5s to £9 10s. Sheep sold as follows: Good lambs 15s to 18s, late shorn and smaller sorts 10s to 13s 6d, fat ewes 295, forward ditto 21s, 2-tooth wethers 24s Od, f.m. ewes 10s.

At Uruti on the 18th. Inst, I held my second sale of this year, a good yarding of both sheep and cattle being offered to a good attendance of buyers. Sheop: Competition for all classes was keen, only two pens being passorl lit. Local buyers operated very strongly on lambs. Prices for well grown but late shorn lambs 10s 7d, —l6s Id and 10s, smaller lambs 13s to 14s 6<l, 2-tooth ewes 22s 7d to 255, 4 and 6-tooth ditto 26s 6d. f.f.m ditto 21s Id to 225, iraixed aged ditto 20s 6d to 24s 7d, sm. ditto up to 19s 6d, fm. ditto 12s to 14s Gd, mixed aged ditto 20s Gd to 24s 7d, sm. ditto up to 19s 6d, f.m. ditto 12s to 14s 6d, fat and forward ditto 265, 2-tooth weaners 28s 3d, 25s to 20s »d. 4 and 0-tooth ditto 265, rams, Lincoln 3g!is, Romneys 2'to 3gns. Cattlo sold with a Arm tone throughout, empty heifers and 20-month to 2 1 /i-year steers selling at Improved rales. Weaner heifers £3, 2%-year Jersey In calf heifers £ls 15s, Holsteln ditto £l2 12s 6d, 20-month empty heifers £6 13s to £7 2s, 20-monlh steers £4 19s to £5 10s, smaller ditto £4 Us, 2y 3 -year ditto £B, 3-year ditto £9 15s. At }Va!wakaiho on the 19th. Inst., a small yarding sold satisfactorily throughout: Jersey weoner heifers £7, Jersey cross ditto £5 2s Cd, mixed heifers £2 Ss to £2 12s. empty heifers £0 17s Od, small ditto £4 19s, 20-month steers £5 2s, 20-month in calf hellers £6 17s Od to £7 17s 6d, heifers springing £l3, store cows £7 to £8 12s Od fat heifers £9 15s, lambs £ls.