COMMERCIAL.

Taranaki Daily News, 15 January 1921, Page 2

COMMERCIAL.

* AUSTRALIAN MARKETS. By Telegraph.--Press Assn.—Copyright. Melbourne, Jan. 14. Barley.—English 4s 6d, Cape 3s 4d. Oats.—2s 5d to 2s 6d. Potatoes.— £6 10s to £7. Onions.— £7 to £7 10s. ENGLISH MARKETS. London, Jan. 13. The wheat market is very qviet. Flour is in poor demand, though the price has been further reduced by Is. Oats are dull. Beans and peas are quiet and steady. Barley is slow of sale; Australian, 75s to 88s. Sugar is unchanged. TIN COMPANY’S FAILURE. Received Jan. 14, 5.5 p.m. ? Melbourne, Jan. 14. A meeting of shareholders of the Badak Tin Company, whose shares, before the recent collapse, reached sensational figures, decided that the directors should wind up the company and distribute the assets as speedily as possible. The necessary steps were taken to appoint a liquidator.—Aue.-N.Z. Cable Assn. FREE LONDON WOOL SALE. OFFERING NEARLY ALL SOLD. London, Jan. 13. At the free wool sale there was good Home and Continental competition and practically all the offering sold at about 10 per cent, below the reserves in the Government sales. There is rather more inquiry in the Bradford market. Top-makera’ quotations are hardening;. 64’s, 51 to 54d; crossbreds irregular. CHRISTCHURCH WOOL SALE. RECOVERY OF HALF-BREDS. By Telegraph.—Press Association. Christchurch, Jan. 14. ■Better prices for good half-breds was a feature of the third wool sale which began this morning. The offering was one of the largest yet recorded, and selling was all-round heavier than at the December sale, Bradford firms operating freely. The catalogue totalled 21,784 baleff. The best prices in the first catalogues submitted were: Super merino 16d to super half-bred 14d to 17d; medium half-bred, lid to 14d; inferior halfbred, lOd to lid; superior three-quar-ter, lOd to l*2£d; medium three-quarter, 7d to lOd; inferior three-quarter, 4d to 6d; superior crossbred, GAd to lid; medium crossbred, 5d to 6£d; inferior crossbred, 3d to sd; first half-bred pieces, to 12%d; second half-bred pieces, 9d to IU/gd; locks, 3£d to 4d; first bellies and pieces, Bfd. ADDINGTON MARKET.. SPIRITED LAMB SALE. Christchurch, Jan. 12. There was a big yarding of beef and lambs to-day, and an average one of mutton. On account of freezers’ competition, there was a spirited lamb sale, but mutton, particularly ewe, and secondary beef were in poor request, and sold at decreased values. The lengthy spell of dry weather is making the feed position acute, and stock is coming forward with more than usual freedom. The feed prospects have given a lifeless tone to the store marketStore Sheep.—There was a fuller yarding than for some time, inclusive of a fair number of lambs. The sale was lifeless and lower values were recorded. Good four and six-tooth wethers 245, 24s 7d, inferior four and sixtooth wethers 19s 4d to 21s 7d, good two-tooth wethers 22s 3d to 23s 6d, inferior and cull two-tooth wethers 10s 9d •to 14s, good two-tooth ewes 23s sd, failing-mouth ewes and lambs (all counted) Ils, good two, four, and sixtooth ewes 255, inferior four-tooth ewes 10s Id, fairly forward lambs 20s 9d to 21s 7d, other lambs 15s 9d to IBs. Fat Lambs.—About 2400 were yarded. Ridding was keen, exporters seeurut* a

substantial part of the entry. About ©id vper lb. was paid, and in sanie butchers’ purchases a shade more. Extra prime B5« 2d, prime lambs 29s 6d to 28s lighter lairibs '2os 6d to 25s 9d. Fat Sheep.—There yvas an all-round easing in ewe mutton, to the extent of - 3s to 4s per head, the bulk of it bringing about 4d to 4 l-Bd. per lb. Wether mutton was in better request. Freezers bought only .a- few lines of lighter mutton. Prime, 3ls to 36s Bd, mediuip to . 29b, light and unfinished;" wetliers 23s 7d to 26s Gd, extra prime ewes :31s to 31s 4d, prime 20s to 271 lid, ewes. 20s 6d to 25s 9d, light and unfinished, ewes los to 20s. Fat Cattle. —There was a big yarding of 365- As freezers .did .not operate there was an over-supply/ and all but prime beef dropped in price. The best sold at up to £2 12s 6d per 1001 b. lighter eteer beef down to 455, and cow beef less than 425. Extra prime steers £23 to £25, prime steers £l9 to £22 ; 10s, medium steers £l4 5s to £lB 10s, 1 light and unfinished steers £3 2e 6d to ( £l3, extra prime cows £lO 17s Od, ; prime cows £l2 5s to £l4 15s, medium cows £9 15s to £l2, ordinary cows £7 10s to £9 12s'6d, prime heifer;* 10s to £l5 12s 6d, medium heifers £lO 10s to £l2 sa, light and unfinished heifers £8 12s fid to £lO ss. Vealers.—There was a small supply of vealers and they sold well. Runners £7, good calves £5, medium calves £3, small and inferior £2. Store Cattle.—There was a yarding of odd lots, which met with a lifeless demand. Three-year steers £lO 10s, twoyear steers £7 to £8 10s, medium quality mixed sex yearlings £4, good 12 to 18-month Hereford heifers £4 10s to £4 19s Gd, inferior cows 30s to £3 10s. Dairy Cattle.—There was a fair entry of well-conditioned springers and milkers, which sold well. Good second calvers £l5 to £22 ss, good third, calvers £l3 to £2O 10s, inferior cows £4 to £B, heifers £8 to £l4. Fat Pigs.—A further drop in values was recorded. Choppers £6 to £8 15s, light taconers £4 15s to £5 ss, heavy baconers £5 10s to £6, extra heavy baconers £6 10s (average price per lb. 8d to B£d), light porkers £3 15s to £4, heavy porkers £4 5s to £4’ 12s Gd (average price per lb. lOiJd to lid). Store Pigs.—There was an average yarding with moderate demand. Good stores £3 5s to £3 18s. medium stores £2 5s to £2 16s, small stores £1 12s to £2 2s, weaners 14s to £1 ss, sows in pig 12*% guineas.

BURNSIDE MARKET. SALES LACK ANIMATION. Dunedin, Jan. 12. There were small yardings of sheep, lambs, and pigs at Burnside to-day, but fat cattle, on the other hand, were forward in large numbers. The sales lacked animation in all departments, and a reduction in prices for sheep, fat cattl,e and pigs had to be accepted. Lambs, however, sold at an advance on last week’s rates. The reasons given for the reduction in prices for sheep and cattle are that butchers are not transacting business, as many of their customers are absent- from the city, apd, further, that the hot weather and the butchers’ long holdings are militating factors. There was an overstocked market in store cattle, and a further reduction in prices had to he accepted in order to effect sales. Many of the pens contained cattle in forward condition, but as there was practically no demand for this class, several lots were passed in unsold. The continued hot weather is having a decided effect on the store cattle market.

Sheep.—A small yarding, numbering 1791 head of fail’ quality. Competition was slack, and prices showed a reduction of fully 3s per head as compared with last week’s rates- Extra prime heavy-weight wethers realised from 40s to 475, prime 365. to 38s, light and unfinished sorts from 28s to 355, extra prime heavy-weight ewes realised up to 42s 9d, prime 28s to 31s, medium 24s to 275, light and aged from 20s to 235. Lambs. —A small yarding, numbering 219 head. The quality on the whole was good. Competition was a Shade better than at last week’s sale, and prices showed an advance of about 2s per head. Prime lambs realised from 30s to 33s 9d, medium 27s to 295, light and unfinished sorts from 20s to 255.

Fat Cattle.—A large yarding, ling 285 head. Some of the pens contained animals of excellent quality. Very few extra heavy-weight cattle were forward. The sale opened under slack competition, and prices were fully 20s below last week’s rates, nor was there very much likelihood of improvement as the sale proceeded. Prime bul. locks realised up to £2O 10a, medium ■ from £l7 to £l9, light and unfinished sorts up to £l6, prime heifers realised up to £l4, and medium from £ll to £l3.

Store Cattle.—A full yarding was offered, -but competition was practically lifeless, and all lines were hard to quit What few sales were effected showed a further reduction of about 10s per head. One or two pens of three-year-old bullocks in good, forward condition were passed in, but were subsequently disposed of by private sale. Pigs-—A small yarding was offered, but proved quite sufficient for, requirements. Competition was very slack, and a few lines were hard to quit. Towards the close of the sale prices again showed a decline, prime baconers oqjng sold at a reduction of from 7s 6d to 10s, porkers from ss, and stores fro<n 8s to 10s per head.