COMMERCIAL.

Taranaki Daily News, 29 January 1921, Page 2

COMMERCIAL.

AUSTRALIAN MARKETS, By Telegraph—Press Assn—Copyright. Melbourne, Jan. 28. Barley.—English, 4s to 4s 3d; Cape, 3s to 3s 3d. Oats.—2s 4d to 2s 6d. Potatoes. —£3 to £4 10s. Onions—£4 10s to £5. THE FALL IN TIN. Sydney, Jan. 28. Owing to tin falling £27 10s per ton since the New Year, tho latest quotation bein'? £169 15s, the mines are closing down, as they are unremuneratlve. During 1919 tin production was valued at £416,623. COMMONWEALTH DEBT. London, Jan. 27. The 1 Treasury has practically agreed to fund the Commonwealth's forty million indebtedness. The rate of interest alone is unsettled. THE COMMONWEALTH LOAN. London, Jan. 27. The Commonwealth £5,000,000* loan has been underwritten as cabled. The final instalment of 30 per cent, is payable on April 1. Six months’ interest is payable on September 1. The prospectus will be issued on Saturday. WAIHI DIVIDEND. W T aihi, Jan. 28. The directors have notified the declaration of sixpence dividend payable in March, also recomrifepding the release of capital at the rate of 10s per share to be approved at a general meeting. LONDON MARKETS. Received Jan. 28, 5.5 p.m. London, Jan. 27. Wheat. —Quiet and demand slow. Flour. —Dull. Bakers are holding off in the hope that there will be further reductions. 68s 6d c.'.f. is asked for Australian due to arrive at the end of February. Oats.—Easier. La Plata spot, 33s 6d to 313 6d. Barley.—Quiet. Australian spot, 75s and 88s.' Peas and Beans.—Quiet and unchanged. Sugar.—Granulated, 755. HASTINGS RAM FAIR. By Telegraph.—Press AssocLatlon. Hastings, Last Night. The concluding day of the ram fair was held to-day. In flocks, for Lincolns, there was no demand and many were passed in, the highest price being 4 guineas. Border Leicesters were generally poor, but three lots sold at from 6 to 8% guineas. Southdowns were of good quality, bidding was brisk, and prices good, 14 guineas being the top price. Shropshire downs were all passed in. Two pens of Cheviots reached 7 guineas. In studs, Romneys of the best class brought a good response, prices ranging from 15 to 60 guineas. LSncolns were In poor demand, and many were passed Ln. The best class of Southdowns fetched satisfactory prices. THE BURNSIDE MARKET. HEAVY YARDING AND DROP IN PRICES. Dunedin, Jan. 26. There were large yardlngs of fat stock at Burnside to-day. Fat cattle in particiri'ir were in good supply, and mauy of the pens contained animals of excellent quality. The sales lacked spirit, in general departments and a further reduction has to be recorded in the prices for pigs. Freezing buyers were operating for lambs, which had the effect of keeping the market steady to a certain extent, although prices showed a slight reduction on last week’s rates. Tlie sheep sale opened at prices about on a par wLth those which ruled at the previous sale, but the demand slackened towards the close of the sale, which closed with prices showing a reduction of from 3s to 4s per head. The store cattle market shows no improvement, which Is, no doubt, due principally to the continued hot weather. There was a full yarding, but competition was very slack, and young and backward cattle were hard *o dispose of. Sheep—There was a large yarding of mixed quality numbering 2405 head. A few pens of good heavyweight wethers were forward, but competition for wethers was not very brisk. No heavyweight ewes were forward and competition for this class was somewhat slick. Prime wethers realised from 36s to 40s, and and prime ewes up to 30s. Lambs.—A large yarding numbering 536 head of good quality. Competition was fairly keen, but prices showed a reduction of about Is per head as compared with last week’s rates. Best lambs sold from 30s to 32s 6d and others from 22s to 27s per Lead. Fat cattle—A large yarding of excellent quality numbering 230 head. On account of the large number coming forward it was expected that there would be a reduction in prices, but the sale had not commenced up to the time of going to press. Store cattle.—A full yarding was offered, which comprised mostly young and backward sorts and a dragging sale resulted. Two pens of three and four-year-old bullocks sold at prices about on a par with those realised at previous sales, but other sorts were hard to quit. Pigs—A large yarding, which consisted mostly of bacon pigs. Competition was very slack and prices were back to the extent of about 15s per head. Several pens were passed in unsold, best baconers realised up to £7 and best porkers up to £4 per head.

? ADDINGTON MARKET. SLIGHTLY BETTER DEMAND. Christchurch, Jan. 26. ( At the Addington market to-day the yardings of beef and mutton were smaller owing to the improved feed prospects as the result of the recent rain. Th j tone generaVy for ail classes of stock was a shade healthier, particularly for store sheep. Store Sheep.—A much bigger yarding and a particularly good sale for store lambs. Good rape lambs, 23s to 25s 9d; fairly good lambs, 18p 3d to 22s 9d; small lambs, 16s 6d to 18s. ’ c.u’l lambs, 9s Gd to . 15s; fairly good 4-tooth wethers, 24s Id; good 2-tooth wethers 24s Cd to 25s 6d; ordinary ’-tooth wethers, 18s 4d to 235; sound-mouthed ewes, 19s to 24s sd; low-conditioned sound-mouthed ewes, 18s; sound and failing-mouthed ewes, 14s to 16s 3d. Fat Sheep.—An exceptionally small yard.'.ng, comprising little over five races. The shortage caused a recovery at the opening of the market of about 4s per head, but the I demand fell away, and freezing buyers were enabled to secure ewe mutton at the finish at about 4d per lb. Extra prime wethers, 37s to 39s 3d; prime wethers, 31s to 35s Gd; ' medium wethers, 27s to 30s; light and unflnlsh- : ed wethers, 21s to 25s 3d; extra prime ewes, 27s to 31s; medium ewes, 23s Gd to 2fis 9d; light and unfinished ewes, 17s Gd to 225. Fat Lambs.—A yarding of 6037. Freezing buyers secured the bulk of the entry at about late rates, equal to 9%d to 9%d per lb. Extra prime lambs, 34s 8d; prime lambs, 29s Gd to 335; medium lambs, ,26s 3d to 295; lighter lambs, 23s 6d to 25s 9d. 1 Fat Cattle. —A yard'.ng of 250, compared with 365 last week. The smaller entry in1 duced a freer sale, with a slight firming in values for prime beef. Extra prime steers, £23 5s to £25 12s 6d; prime steers, £l9 10s to £.23; medium steers, £l4 10s to ■ £lB 15s; light and unfinished steers, £8 2s Gd to £l3 10s; extra prime cows, £lB ss; medium cows, £9 17s Gd to £l2 10s; light and unfinished cows, £7 to £9 15s; prime 1 cows, £l2 17s 6d to £l5; extra prime hel- ; fers, £l6 ss; prime heifers, £23 to £25; medium heifers, £lO to £l2 10s; light and unfinished heifers, £6 17s 6d to £9 17s 6d. 1 ' Vealers. —A strong sale for good vealers, which were up 10s per head. Runners, to r £8; good vealers, £3 15s to £5; medium vealers. £2 12s 6d to £3 ss; small calves, [ 15« to 20s>

Dairy Cattle.—An average yarding with a moderate demand. Good second and third calvers, £l2 10s to £l9 10s; first calvers, £8 10s to £ll 10s; inferior cows, £2 to £5. Store Cattle—A mixed yarding, but a weaS demand. Good fresh cows, to £7; bulls to £9 10s; 15-monthi steers, £4 ss. Fat P!.gs.—The market showed a slight improvement on recent sales. Choppers, £5 to £8 10s; light baconers, £4 to £4 15s; heavy baconers, £5 to £5 15s; extra heavy baconers, £6 8s (average price per lb., 7d to 7%d) ; light porkers, £2 15s to £3 ss; heavy porkers, £3 10s to £3 15s (average price per lb., 9d to 9%d). Store Pigs.—A medium entry and a poor demand. Good stores, £3 to £3 15s; medium stores, £2 5s to £2 15s; small stores, 23s to 355; weaners, IGs Gd to 225; sows in pig, £3 16s to £5.