COMMERCIAL.

Taranaki Daily News, 1 June 1920, Page 2

COMMERCIAL.

THE ZINC MARKET. By Telepaph—Press Assn.—Copyright Sydney, May 31. The non-ferrous metals mining committee, in addition to the proposals already cabled, also suggests that the Government prepare to purchase the blende (zinc sulphide) produced in the zinc mines, at a price equivalent to the cost of the Australian concentrates, plus £1 per ton, to cover the greater value to the British smelters. The suggestion put forwnrd resulted from a statement that the blonde market in the United Kingdom would be for some years affected by the purchase of Australian concentrates and buyers propose that tho Government ought, therefore to guarantee a corresponding price for home mines. It was asserted that the Government's agreement for tho purchase of Australian ores was depressing the market for 'he home article. The committee, however, thinks that tho present effect of this transaction has been exaggerated in tho minds of home mlneowners. LOAN & MERCANTILE REPORT. The NZ. Loan and Mercantile Agency Co., Ltd. (Hawera branch), report for the week ending 29th May:— At Kakarantea, on Monday, owing to boisterous weather, we had a small yarding. We quote: Forward cows, £8 2s Cd, stores, £4 3s to £4 7s Cd; Shorthorn dairy heifers, £l4 to £l4 10s; lambs, 18s; culls, 12s; pigs (small), £i. On Wednesday, at Elthnm, we had a good yarding of both sheep and cattle. Bidding was very slack, but in spite of this most of the vendors were anxious to sell. We quote: Fat and forward cows, £9 17s Oil to £lO 7s; store cows, £3 10s to £7; dairy heifers,' £l2 10s to £l4 10s, Holsteln weaner heifers, £2 15s; fat sheep, 35s lOd; 2-tooth m.s., 16s 4d; lambs, 17s; pigs (small), £1 to £1 2s; sows £3 2s Cd to £6. At Hawera, on Thursday, we had a good yarding of stock. Bidding was dull and lagging, but in spite of low prices vendors in a number of cases had come prepared to meet the market. Quotations; Fat cows, £9 15s to £l2 15s; forward cows, £7 19s to £8 15s; stores, £3 10s to £0 2s Cd; weaner heifers, £2 13s; steers, 15s to £1 8s; 2tooth m.s. (fat), 37s Cd; lambs (eood). 22s Cd; ditto, 15s to 19s; pigs (small), 15s to ICs. pedigree Berkshire boar, £10; also several unbroken hacks and milk carters, £0 to £lB. On Friday, at Waverley, we had a fair yarding Bidding was not brisk owing to the depression of the market, however we quitted most of the stock before leaving the yards at late rates.