COMMERCIAL

Taranaki Daily News, 24 January 1921, Page 2

COMMERCIAL

FOREIGN EXCHANGE RATES. By Telegraph.—Press Assn.—Copyright. London, Jan. 20. Foreign exchange rates on London are quoted as follows:—Paris 57-43 francs to £1; Stockholm 17-55 kroner; Christiania 20-10 kroner; Calcutta, 17£d to rupee; Yokohama 30% to yen; Hongkong 35d to dollar; Montreal 4 dollars 29 cents; New York, 3 dollars 78 cents. —Aus.-N.Z. Cable Assn. ENGLISH PRODUCE MARKETS. London, Jan. 20. Wheat and flour are very quiet. The official price of flour has been lowered Ib. Barley.—Dull. Oats.—Quiet; La Plata (spot) 37s to 37s 6d. Beans and Peas. —Blow and unchanged. —Aus.-N.Z. Cable Assn. LONDON STOCK EXCHANGE. London, Jan. 20. The Stock Exchange is cheerful, especially gilt-edged securities. A feature L-s the good demand for Colonial securities. Consols £46, war loans both £B5 2s 6d. ENGLISH METAL MARKET. London, Jan. 20. Copper.—Spot £7O 2s 6d, three months £7O ss; electrolytic £79 and Lead.—£23 and £23 7s 6d. Spelter.— £25 and £2O. Tin.—£lB7 2s 6d and £l9l 17s 6d. Silver.—4o%d. LONDON WOOL REPORT. London, Jan. 20. At the wool sales there, was rather more competition, but prices were unchanged. Thirty per cent. sold. Bradford wool was firmer: there was a more general inquiry and slightly more business ; 84’s 54d. INVERCARGILL WOOL SALES. By Telegraph.—Press Association. Invercargill, Jan. 22. The wool sale held here to-day was attended bv a fair number of buyers, and the market showed a firmer tendency. Prices ranged as follows: Superior merfno Ifld to 18d, superior halfbred 13d to 14y 2 d, medium halfbred ll%d to 13M, inferior half bred 9d to 46s to 48s, superior three-quarer-bred lOd to Is, medium three-quarter-bred 7d to 9d, inferior, three-quarter-bred 3’s 6%d to gd. 4’s to 4’4’s superior crossbred 6sd to lid, inferior 4id to Gd, pieces 9Jd to Hid, crossbred 5d to bellies and pieces 2y 2 d to 3%d, others, merino 3d to 3%d, crutchings 4-%d to sd. The N.Z. Loan and Mercantile Agency Co., Ltd., have received the following cablegram from their London house, under date 19th instant: Tallow—We quote present spot values for the following descriptions:—Fine mutton, £2 12s per cwt; good beef, £2 7s 6d per cwt; mixed, £1 16s Ad P er cwt. Small demand. Nominal quotation. LONDON MARKETS. HIGH COMMISSIONER’S CABLED REPORT. The Department of Agriculture has received the following cablegram. -ted January 15 from the High Commissioner for New Zealand, London: “Meat.—Home-killed in larger supply, but prices little altered. Average prices are: Beef Is sid, mutton Is 9d, lamb 2s lb. New Zealand mutton and lamb continue in steady demand at maximum prices. “Butter.—More business has been done in Irish, new creamery selling at approximately ,£J6 10s per cwt (3s per lb). Danish, official quotations lower, and butter for United Kingdom sold at £l3 6s per cwt (2s 4|d per lb), f.o.b. Australian output reported to be large and shipments heavy. “Cheese—English, demand has improved; lower qualities firmer. Finest farmers, £7 10s to £9 per cwt (Is 4d to Is 7d per lb). Canadian, spot, practically cleared, and demand is good at firmer prices; white, £7 16s to £7 18s per cwt (Is 4fd to Is 5d per lb); colored, £7 18s to £8 per cwt (approximately Is 5d per lb). New Zealand, ex Shropshire, not landed yet, but quoted at: White £7 14s to £7 15s per cwt (Is 4£d per lb), colored £7 16s to £7 19s per cwt. (Is to Is 5d per lb). “Hemp. —Manila market quiet, and prices slightly weaker owing to the absence of buying interest. Closing quotations were: J grade October-December to February-April shipments quoted £57 sellers. New Zealand market idle, and last week’s quotations nominally unchanged Probable buyers 40s to 60s below those figures. “Wool.—Sales continue without much change. Bradford tops neglected, nominal prices 64’s 4s 3d, 56’s 3s 2d, 40’s Is s£d. There is no improvement in yarn or piece goods.”

BURNSIDE MARKET. Dunedin, Jan. 19. There were small yardings of sheep, lambs, and fat cattle at Burnside today, but the supply in each instance proved si fficient for requirements. Pigs and store cattle, on the other hand, were forward in large numbers. The sales lacked animation in all departments, but prices, taken all round, were about on a par with last week’s rates, with the'exception of storq cattle. This class was\ hard to quit, and a further reduction in prices took place. Sheep.—rA small yarding, numbering ]9BO head of mixed’quality. The yarding included a few pens of good quality wethers, but no extra heavy-weight sheep were forward. Prime wethers were sold at prices about Is in advance of last week’s rates, but light wethers and all classes of ewfts realised prices about equal to late rAtes. Prime wethers realised up to 40s; medium 32s to 365; lighter kinds from 25s to 30s. Prime ewes realised i p to 345; lighter kinds from 25s to 28

Lambs. —A fair yarding numbering 391 head of mixed,quality. Competition was not very brisk and prices were about on a par with last week’s rates. Prime lambs realised up to 33s per head. Fat Cattle' —A medium yarding, a total of 187 head being offered for sale. The quality was not up to last week’s standard. Competition was not very brisk, and it was expected that prices would show a reduction before the close of sale. Prime bullocks realised up to £22 per head. Store Cattle.—A large yarding was offered. The yarding included a few

pens of good three-year-old bullocks, but these failed to bring the vendors’ reserve and were passed in unsold. Young and backward cattle were practically unsaleable and prices showed a further decline for the few lines disposed of. Pigs.—A large yarding, a large proportion being baconers. The demand was fairly brisk, and prices, with the exception of those for stores, were about on a par with last week’s rates. Prime baconers realised from £6 to £7 6s per head; prime porkers from £4 17s 6d to £6 ss, while stores were sold at a reduction of from 10s to 15s per head. ADDINGTON SALES. ' Christchurch Jan. 19. There was . a big entry of lambs and beef, and an average one of other classes of stock generally. Except in the case of fat sheep and fat pigs there was a slight firming in prices, lambs again selling particularly well. Store Sheep.—A fairly full entry, chiefly lambs, with a fair proportion of wethers. The demand, owing to the rain improving pastures, was much keener, lambs selling particularly well, though at times irregularly. Generally, prices were better. Fairly good 4,6, and 8-tooth wethers, 23s Id to 23s sd; 2tooth wethers, 17s 3d to 19s; 4- tooth ewes, 26s 8d; sound and failing-mouthed ewes, 17s 9d; good rape lambs, 23s to 24s 3d; fairly good lambs, 17s lid to 21s 3d; small lambs, 16s to 17s; cull lambs, Ils 7d to 16s.

Fat Lambs.—A yarding of 5307, considerably more than double that of last week. Bidding was spirited, and freezing buyers secured the bulk of the entry at prices ranging from 9£d. to 9§d per lb. Extra prime lambs 34s Hd; prime lambs, 29s 9d to 33s 3d;, medium lambs, 26s 9d to 29s 3d; lighter lambs, 22s to 265. Fat Sheep.—Eight races of mediumquality sheep were yarded. Last week’s prices were scarcely maintained, values being about 4d to 4£d lower for ewe, and up to s|d for wether mutton. Freezing buyers operated to a limited extent for lighter mutton. Prime wethers, 30s to 34s lOd; medium wethers, 26s 6d to 29s 3d; light and inferior, 20s 6d to 25s 6d; prime ewes, 27s to 31s 3d; medium ewes, 23s 6d to 26s 9d; light and unfinished ewes, 15s to 225. Fat Cattle.—The yarding comprised 363 head, about the same as last week. The tone was better, and a slight improvement of values was effected, particularly for prime cow beef. Inferior beef was still in poor request. Extra prime steers, £23 15s to £25; prime steers, £l9 10s to £23; medium steers, <£l4 10s to £lB 17s 6d; light and unfinished steers. £9 15s to £l3 10s; prime cows, £l2 17s 6d. to £l5; medium cows, £9 17s 6d to £l2 10s: light and unfinished cows, £7 10s to £9 15 1; prime heifers, £l3 to £l6 12s 6d; medium heifers, £lO 5s to £l2 10e; light and unfinished heifers, £9 7s 6d to £9 17s Gd. Vealers. —A good yarding and keen demand for good sorts, inferior being neglected. Runners, £7 ss; good calves, £5 2s Gd; medium, £3; small and inferior. 37s 6d. Dairy Cattle.—An average yarding, with a somewhat slumpish demand, particularly for inferior cows. Best tows, 10s; third and fourth calvers, £l2 to £l5: springing heifers,. £9 to £l3 10s; inferior cows, £2 to £6. Store Cattle.—A fair yarding, with an indifferent demand, inferior stuff being neglected. The sale, however, was an improvement on last week. Three-year steers, £8 10s to £9 15s; good fresh cows, £6 «ss; 18-month steers, £4 8s; 18-month heifers, £4 12s 6d; inferior cows, £2 10s; bulls, £l4 10s. Fat Pigs.—The downward movement in pigs was confirmed. Choppers, £5 to £8; light baconers, £4 to £4 10s; heavy baconers, £4 15s to £5 5s (average price per lb, 6£d to 7Jd); light porkers £2 15s to £3; heavy porkers, £3 5s to £3 10s (average price per lb, 9d). Store Pigs.—A medium entry, which will moderate the demand. Best stores, £3 5s to £3 10s; medium stores, £2 8s to £2 18s; small stores, £1 10s to £2 4s; weaner, 14s to £1 4s 6d; sows, in pig, £3 to £4 10s.