COMMERCIAL.

Taranaki Daily News, 17 January 1921, Page 8

COMMERCIAL.

MONEY MARKET IMPROVING, By Telft^rauh.—Press Assn Copyright. London, Jan. 14. Commonwealth financial experts report that the money market is steadily improving and the Commonwealth loan is practically assured. It is understood that South Australia and Tasmania are jointly floating a loan of £3,000,000 shortly. Mr. Coghlan has published a cablegram from Mr. Storey stating that he not coming to London for the purpose of borrowing.—Aus.-N.Z. Cable Assn. LONDON TALLOW SALES. Wellington, Jan. 13. The New Zealand Loan and Mercantile Agency Co., Ltd., have received the following cablegram from their London house, under date 12th instant: Tallow.—We quote present spot values for the following descriptions: Fine mutton, £2 12s 6d per cwt; good beef, £2 9s; mixed, £1 19s 6d. No demand for best qualities. CANTERBURY MARKETS. Christchurch, Jan. 14. The present dry weather is not doing late crops any good, but earlier sown ‘were well developed before the heat set in. Oats are not wanted, and prices offered are below the cost of production, with no immediate prospects of improvement. All the crops cut have been put into stack. The ryegrass and barley are being thrashed. The few samples shown are of good quality. Farmers, it is reported. are asking more for ryegrass than it is likely to fetch. A line of Italian ryegrass was bought during the week at 3s to 3s fid per lb. There is no demand for linseed. The potato market is beginning to show signs of animation. Merchants are offering about £4l per ton. No samples of the new season’s wheat have yet been submitted.

LONDON CHEESE MARKET. Mr. Geo. H. Buckeridge has received - cabled advice from Lane and Co., Lon- * loii. stating: “Cheese market steady; ’ fair business doing; present price 154 s to 1585.” ' LOAN & MERCANTILE. On Monday at Opunakc. held our first sale, and as is usual at this time of the year, the sale was poorly patronised both in entries and attendance of buyers. Practically nothing was sold at auction. At nlanaia on Tuesday we also had a small yarding. On Friday at Palmer Road there was a ifi'.dium yarding of fat and young store cows, and for these bidding was fairly brisk. The whole were quitted, and a satisfactory sale resulted.. We quote: Eat cows (medium) £9 15s to £lO Us, forward ditto to £8 13s, fresh conditioned ditto to £7, Holstein heifers £3 5s (culls). Jersey cross weaner heifers £4 12s, bulls £4'lss to £9 15s. THE FARMERS’ CO-OP. The stock business has not yet recovered from the holiday s and the sales during the week have been small and no 2’reat amount of business has been transacted. Vendors, have, in most cases, owing to the dry weather been anxious to sell, and although prices iavo been low practically everything coming forward has been §old. Export buyers have been operating .and prices paid at auction have been slightly better than 35s pef hundred for good conditioned cows. Lambs have been coming forward, but the rape crops are late and prices are not yet too encouraging, however, a good rain would no doubt- , help this market. At Okaiawa on Monday we had a fair Warding, store ewes to 17s Id, cull do • 'los 9d." small larnbs 10s 9d, export bulls ■ £5 to £lO, best cows £8 10s to £lO, others £4 to £7, steers to £4 4s, weaner heifers £2 7s fid. At Eltham on Wednesday a fair yarding: Slips to 15s, best cows £8 to £9 10s. others £4 to £7, best bulls to £ll, others £5 to £7. At Hawera on Thursday a fairly good yarding: Store pigs to 30s, good slips to 20s, suckers to Bs, best lambs (woolly) Ifis’ to .17s, cull do 9s 3d to 10s fid, fat and forward ewe,-. 18s 3d, fat wethers (2tooth) 255. bulls (extra heavy) £l3, others £5 to £B, best cows and heifers £9 to £lO ss, others £4 to £B, cows (with good calves) £8 to £lO 15s, weaner heifers £3 5s to £6, dairy cows £i3 to £25 10ts. At Waverley on Friday: Suckers 10s, B F. lambs 15s 3d, W.F. well-grown do to 14s, others 10s to 12s fid, fat and forward ewes 18s, 4 and C-tootb ewes to 20s sd, small 2-tooths to Ws Gd. B.F. rams 44 guineas, fat and forward bullocks £l2 ? 18s, cows to £O, dairy cows to £l7, r steers <to £2 7s.

WAIKATO MARKETS. At Hamilton, Thursday, 13th January, we had a good yarding of cattle but the supply of sheep was small. Competition for beef was more spirited and practically the whole yarding was cleared. * Light weight steers made to £l4 Ss, heavy cows to £l3, lighter weights £8 to £lO ss. A couple of gobd lines of to 4-year steers from the coast were penned, and although reserves were not reached under the hammer most of them were disposed of privately. Those sold made to £l2 Ils, 216-year steers sold to £8 Kte, smaller sorts £7 2s 6d to £7 10s. Fresh-con-ditioned cows were not keenly sought after, realising from £5 5s to £7, heavy bulls from £6 10s to £l3 2s fid according to size. There were only a few pensof fat sheep, ■which were well competed for. Wethers to 335, woolly hoggets 31s, A pen of store lambs made 10s 9d. The yarding of pigs w’as better but values considerably declined. The best made to £4 Bs. * Store pigs and weaners were also proportionately low. The New Zealand Loan and JJercantile Agency Co., Ltd., have received the following cablegram from their London house under date 13th fast.: Rabbitskins.—Very few New Zealand skins sold. Best quality little-change; others 20 per cent decline; nominal quotation.