COMMERCIAL.

Taranaki Daily News, 1 December 1920, Page 2

COMMERCIAL.

THE ORIENT COMPANY. DECREASING PROFITS. By Telegraph.—Press Assn.—Copyright -London, Nov. 29. The Orienl Company meeting adopted the capitalisation proposal to take half a rnllIfon from the icscrvc mid distribute it to j present holders fn the form of deferred shares. ' Sir Kenneth Anderson, presiding, regretted . (hat liroflts wire mi liit 1 . down grade, »nd that he was unable to take it sanguine view of the future. The ratio of the advance in saloon pasSsge rates wits at ill fur short of the ratio r.f the advance !ai coals, and far short of the mileage charge on the other chief ocean routes. There would he an unanswerable cc3e for an increase of fares, hut the re- | cction by checking the trafflj might make tad worse. If an eight hours' day at sea was Imposed, file result would be an almost, disastrous enibarassment to the conduct of the passenger business. Either fare 3 must rise to a prohibitive level or passenger:; must be content to And "more for themselves and accept, a. much inferior standard of service. It was estimated that on a IG,OOO-ton vessel an eight hour day would Involve additional running costs of about £7OOO monthly. Until shipowners can effect, big economies In costs they must economise on the provision of facilities end the standard of comfort, and above a] 1 . In speed. The position regarding mails was mutch 'the same as last year. The company would cortimio to do Its best u> meet the Coniti.mv/ealth. Governing-it's wishes m.'J minimise 'he inconvenience io the puljlV.—Aus.N.Z Cable Assn.

P. AND O CtIMPANY. London, Nov. SC. The Peninsular and C' ental Comt.any creft balance ia £773,000, and £111,933 is carried forward. i LONDON MARKETS. j Tlio N.Z. Loan and Mercantile Agency Co. Ltd. have received tho following cablegram from ttevr London house under date 20th. Inst.RabhltskSns rejstjrtcted 'demand. Best sorts declined 40 per cent., medium 50 per cent., Inferior 40 per cent. Outlook unfavorable WEEKLY REPORT. Newton King, Ltd, report:— At Uronui, on November 22, prices casod a shade for all classes. A fair yarding came forward the bulk of which was cleared at tile hammer. Woolly hoggets 24s 9d. shorn ewes 245, store cows £4 15s to £3, forward ditto £7 2s 6d to £8 10s, fat cows £i) 15s to £lO 10s, yearling heifers £3 10s Ic £4 lis, 15-month ditto £5 ss, empty heifers £G to £0 10a, yearling steers £2 7s Od to £3 Bs, 20-month ditto £4 2s 6<l, 2-ycar-old steors £5 IDs, 4-year-old bullocks £0 15s, springing heif/rs £l2 to £lB. At Stony River, ou 23rd Inst., competition was keen and a steady market was maintained throughout. Buyers attended for all classes, and little of a full yarding remained unsold. Weaner pigs £lO to £2O, store pigs £2, store cows aged £3 5s to £3 10s, better sorts £5 to £0 16s, forward cows £7 7s 0(1 to £8 15s, light fat cows £lO, Jearllng heifers £2 15s to £4 15s, Jersey ditto £0 17s 6d to £9, 20-month empty lieifers £5 12s 6d to £G, 2-year ditto £G 18s to £7 ss, Jersey 2-year empty heifers £ll 10s, yearling steers £2 JOs to £3 lis, 15-month ditto £4 3s, 2-year steers £5 18s. In-calf heifers £ls, springing heifers £8 to £l2, choker quality ditto £l3 10s to £l3, Jersey ditto £l6 to £l7 10s, dairy cows £ll to £l6, grade Jersey ditto £3O, heifer calved £lO to £l4 15s, Jersey bulls £2l to £24, Sbornhorn bull 3 £5 10s to £ll 15s.

At Waiwakaiho yards, on 20th., we conducted a sale of pedigree Jersey cattlo on account of Messrs. H. Stonex, C. W. Reube, and J. H. Street, and several other vendors. Buyers attended In strong numbers from all parts of Taranakl, and in consequence a keenly contested sale was the result. Tl-e cattlo were an exceptionally fine collection and were all In show condition with the result that sonto record figures were obtained. A good portion of the catalogue was secured by Taranakl buyers. Quotations: Cows 45 to 190. gns., 2-year-old heifers 152 to 312 gns., heifsr calves 50 to 160 gns., bull olives 60 gns., 2-year-old bull 105 gns.' At Waiwakaiho sale, on the same day, a fnir yarding came forward and a good clearance made. Dairy cattle and storo cows maintained late market values, but other classes, young cattle, especially, ceased considerably. Vendors, however, were in most cases prepared to meet the market. Woolly hoggets 25s lOd, store cows £7 to £8 forward ditto £8 5s to £9 15s. fat cows £8 lis Cd to £ll 13s 6d, yearling heifers £2 13s to £4 10s, Jersey ditto £l2 os, 15-month heifers £G 7s 6d, empty heifers £6 10s to £7 10s, yearling steers £2 17s, 3-year steers £3 17s 6d, springing heifers £8 to £l2 10s dtlry cows £lO 5s to £l3 10s, choice ditto £lO to £l9, Jermiy ditto £2O to £25,

FARMERS' CO-OP. REPORT. At Opunake, on Monday, we had a fairly good yarding of yearling steers and heifers especially coming forward in large numbers. Although bidding was not brisk practically everything was sold at prices showing a decline on our previous sale. Suckers made up to 30s, especially good dairy heifers to £lB, good to £l4 Ids, others £8 to £lO yearling Jersey bulls to Isgns. Best cows to £l2, medium to good £8 to £D 10s, light £5 to £7, two-,vear steers from £5 lis to £«, yearling ditto to £4 2s lid, yearling heifers (well-grown) £5 to £5 15s others £3 Iss. ' At Slanaia on Tuesday we had a medium yarding. Prices show an improvement on our Opunalie sale, cows being about 10s better and heifers Arm nt late rates. Medium to good cows £8 JOs to olhers £6 to £ j 15s, bulls to £l3, yearling steers £3 0s to £4 4s, Jersey cross yearling heifers to £7 IDs. On the same day at Stratford we had a largo yarding. store cows were In demand and sold at prices in the vendors' favor Young stock were dull of sale, although we managed to quit the hulk of the entry At Inglewood on Wednesday the yards were well filled with sheep and cattle. Sheep sold well and the whole entry was disposed of under the hammer. Woolly ewes and lambs 34j, shorn do 30s lOd, woolly well-bred ewe hoggets 38s 7d. Prices of cattle, especially bullocks, were much below late rates and severaJ pens of three-year-old ratio were sold at values which looked to he well in favor <* the purchasers. im.de from £9 to £9 i 3s , me( ii„m to good £1 to £B, others £5 to £6, three-year bullocks £7 to £7 ss, two-year ditto to £G two-year empty Holstein heifers to £8 mix' ed breds to £7 lo.s, well-grown yearlinheifers to £5 10s, small £4 to £4 10s Jersey yearling heifers to £lO 6s. Best'dairy heifers £i(i, others £8 to £lO 10s dairy cows from £lO to £24, sows to farrow ss. At Auroa, on Friday, there was a mail entry. Evertliing as sold, prices being- Best cows £lO to £l] 6s, good £8 10s to £0 10s, others to £7 10s, yearling Jersey bulls to £l2 ss. three-year Shorthorn bulls to £l4, Jersey heifers to £l2, mixed extra good yearling heifers to £B, dairy heifers £9 to £l2, spring carter £26 ids suckers 10s to 15s. N.Z. LOAN AND MERCANTILE, At Kakaramea on Monday wo bad a good yarding of both sheep and store cattle. The vendors of the few dairy eattle yarded had come prepared to meet the market, and all were sold at late rates. Wfl quote: Shorn hoggets to 24a Gd store ewts and wethers to 28s, storo pigs 80s sow (In pig) £5 ss, fat cows £l2 2s 6d to' £l3 us, forward ditto £S f, s to £io is fresh conditioned ditto to £7 17s, others at market value, Shorthorn bulls £8 8a to fin Holstein bulls to £l4, empty heifers to £7 6s, yearling heifers £3 ios. steers to *5 springing heifera to £l4 13a, oalrod dltto~ta eIB Ml, ttftl t« £ll

i On Wednesday at Elttam stock were not penned la average numbers. This was probably owing to Stratford Show. However, wo quitted practically tho Whole of (tore pens at satisfactory iirirpß. Kidding was very flagging for dairy cattle. W<s quote: Fat «u.s. sheep Zi Is 6d, fat woolly hoggets 355, store pies £3 3» (id, sow £2 ss, forward cows to £lO 2s Cd. fresh conditioned ditto £6 17s 6d, empty 2nd calvers (Jerseys) £9, Shorthorns £7 10s, empty Shorthorn 2-year heifers £7 Cs, 2year steers £5 17s, Holsteln yearling heifers £5 14s, others £3 10s to £0 10s, springing heifers £l3 10s, cows to £l.". At Hawera on Thursday we had a good yarding of lioth sheep and cattle. Apart from dairy riuflte, competition was fairly krin throughout, and practically all Mm (allor wore disposed of before leaving tho yards at lato raluM. We quote: Shorn ewes and Ills, shorn :r:( ■■ (Id, store pi;::; ii.'i'.) to £3 14s, small do 355, pen of prim.: Jut cows £ u:, iuo;Hiiri' "'.'C o to cows to £9 Kb, fresh condition?:; ;in lo £7 ]oa, others at mar Sot. taliie, >wn of 2-year Hol«e!n hotfm CS 13s, Sh#rll«r/M» £8 1 Sn, yenrlln; heifers £3 10s to f:r> |ii<, p/npiy heifer. (Tood condition) to £!) :s*. irringuig heifers (Rood) £l7, calved ditto rj 17 ss, outers :■?. market value, cow Mersey) >'2l r Op Fr'H.iy ire held our fnrtnttM.v sale at Waveriey. We had a good entrv, but competition was not keen and most o* the yarding was passed in. Prices at lute rates, WAIKATO STOCK MADKF.T. Tha Fajrrafjrs' Co-op). Ltd., report:— At Hamilton on Thursday, November 23th, we had good yarding of cattle and p';:s and a small verding of sheep. The market generally was much duller and many pens failed to roao'i owners' reserves. Beef was in fair supply and tho bulk of It was sold. Best cows made to £l2, lighter woights £9 to £lO frcsli conditioned cow 3 to .£9 10 s. Store cows were much easier but sellers showed a disposition to meet tfe market. Prices ranged between £!> 15s and £B. Twoyear empty heifers were tha only class »f cattle really in favor and prices were quite equal <r, Uiopn lately ruling. Pair quality made to £7 Is, Inferior sorts £5 2s to £G Ills. Yearling cattle were not much In demand and pen after pen was passed in. Steers made to £4 ss. All the sheep yarded were cleared at ruling rates. Evtnv prime show miliars ni».do to 388, do ewes 355, fat ewes 30s. Pigs were In stron-: supply, but weakened considerably in value. Baconers up to ') 16s, slips £2 los to H'i 12s Gd, weaners 28s to £2 7s 6d.