COMMERCIAL.

Taranaki Daily News, 2 December 1920, Page 2

COMMERCIAL.

SYDNEY WOOL SALES. By T«l9«riph.—Press Assn.—Copyright. Sydney, Dec. 1, At 'the wool sales greasies readied the, record price of 45d. Best wools remain in good demand at late rates. Tte poorer classes are 10 to 15 per cent, below previous sales. Crossbreds are ; practically unsaleable. KAURI TIMBER COMPANY. Melbourne, Dec. 1. . At a meeting of shareholders of the Kauri "Mmher Company in connection w!ih the ret.instruction scheme, the board of the new ; -vmccrn announced that, after all obligations had been discharged, there remained above the capiUl of £150,000 a surplus of . £150,000. It was decided to place this to i the credit of the reserve of the new eonij pany. Tro valuation was inclusive of shares I In other companies which were accepted at. : the value placed upon thorn by the old com-pany.—AuS.-N.Z. Cable Assn. CANTERBURY GRAIN AND PRODUCE MARKET. Chrlstchurch, Not. 30. There Is nothing new to report in connection ; with grain and produce lines. Cabled advice ; received to-day states that La; Plata oats j were selling at 41s 6d per quarter,' equal to : a New Zealand price of 43s to 4Gs. This : 13 a drop practicaily of is per bushel on the ■ sales of two months ago, and consignors i jU3t at present have not a very busy outlook. I Some forward business in oats has taken ! place, but at a price that is not very en- • couraging to next season's growers. The I tusiness is of tJ:o "paper oats" character, '■•.' A may be taken purely as a speculative ; .-hot rather than a probsL.'e basis of values, however, sales havo taken p'.acc- on tha basis ■ ? Ms Bd, South bland, f.o.b. equal to 2s 9d • r 2s lOd to farmers at country stations. j '.Villi wheat at 7s (id and barley at 7s, this price is a daringly low c.uo. so much so that if farmers were satisfied that It was to be the ruling one next season they would be in feeding their oats. Chaff has heon tte subject of a little movement, but the Blenheim district is monopolising practically all the North Island trade, and local quotations are Bs, 5.1., f.o.b. There has been some retail business In ;:erennial ryegrass, and sume lines hare ni.inged hands at is for machine dressed. This is equal to 7s 3d per fanner's sample.

WEEKLY REPORT. The N.Z. Loan and Mercantile Agency Co. Ltd., report as follows: We had a largo entry of store cattle at our fortnightly Stratford sale on Tuesday, the 23rd Inst Good store cows and young steers sold well up to previous market rates. Yearling heifers unless of good quality were not wanted; two and three-year steers, of which we had » large entry were hard to quit, but vendors met the market In most cases. Prices realised were: Yearling steers 30s to 40s, heifers £4 to £5 10s, 2-year empty heifers £5 2s 6d to £(i 10s, 15-month Holsteln steers £3 15s to £4 15s, 3-year bullocks (mixed colors) £7 10s,-store cows (large entry) £K 14s to £lO 10s for good sorts, £4 13s to £7 for poorer quality. Bulls £5 7s Od, Shorthorns £lO, Jersey dairy heifers £l3 to £ls, cows £l3 to £22, cows and catves £ll to £l9.

At Te Went sale on Friday, the 27th inst., we had a fair yarding, chiefly two-year steers. Vendors reserves were high, and several pens were passed. Prices; Woolly hoggets 225, shorn f.m. wethers 245, yearling heifers £4 17s 'Cd, steers £3 6s to £3 10s, 2-year steers £4 13s to £5 2s lid, store cows £5 15s to £B. Holstein bull £7, springing heifers £lO 5s to £l2 2s (Jd, heifer and calf £B, dairy cows £ll to £l4.