COMMERCIAL.

Taranaki Daily News, 8 February 1921, Page 2

COMMERCIAL.

THE COMMONWEALTH LOAN. By Telegraph.—Press Assn.—Copyright. London, Feb. 4. Subscriptions to the Commonwealth loan are coming In satisfactorily. The list closes on Monday. LONDON MARKETS London, Feb. 5. ! The selling price of Australian wheat has Seen reduced to 87s 6d c.i.f., bulk 88s 6d. Bags of flour have been reduced another ekilling. Cotton. —'Liverpool quotations: American Midland-Upland March delivery 8.74 per lb. Rubber. —Fine hard Para per lb.; plantation, first latex crepe, 12%d; smoked ribbed sheet 10 l-Bd. Jute.—January-February shipment £3B per ton. Hemp.—Dull. January-March £5l. Copra.—Easier. February-April £3O 15s per ton. Linseed oil.—£3o 10s per ton, equal to 2s 4.%d per gallon. Currants are selling at 80s per cwt. Sultanas.—'llBs to 125 s per cwt. The imetal exchange statistics place the Stocks of tin at 6741 tons, copper 11,948 tons, lead 19,777 tons, spelter 14,86-2 tons. FARMERS’ CO-OP. MARKET REPORT. The Farmers’ Co-operative Organisation Society of New Zealand, Ltd., report as fellows for the week ending February 5, 1921: At Opunake on Monday we had a fair yarding. Bidding was slow and dragging, but despite the low prices vendors iii the majority of cases were prepared to sell, consequently most of the lines changed hands. Quotations: — Shorn lambs Ils to Ils fid, woolly ditto 14s, dairy heifers £8 to £9 10s, bulls £4 to £6, best cows and heifers to £7, others £3 to £5, 3yr steers to £7, small steers to £2 6s, heifers £2 15s. At Manaia on Tuesday we had a good yarding. Prices for the good conditioned young cows showed a slight improvement on Opunake. Boners were on a par with late rates. Jersey weaners were forward in numbers, but vendors in most eases were above the present market prices with their reserves, and only a few pens were sold. Quotations: Best fat and forward cows £8 15s to £9, medium to good £5 to £6 15s, others to £4, 18-month steers to £4 4s, export bulls freon £4 to £B, Jersey weaner heifers, medium, £3 to £3 10s; mixed other breeds 25s to £3O, small lambs to 7s. At Inglewood on Wednesday we had a good yarding. Prices were as follows: —'Shorn lambs 12s 9d, woolly medium to Ils 9d, forward wethers 20s, medium to 16s 9d, 3yr steers £7 to £7 9s, fat cows £8 10s to £9 15s, medium £5 to £7, small £3 10s to £4, in calf mixed heifers £5 10s to £6 10s, weaner mixed breeds £2 to £3, weaner steers £1 to 30s, bulls £4 to £6. At Auroa on Friday we had a. good yarding. Prices: Woolly lambs to 14s. forward cows £8 12s fid, others £4 to £6 10s, In calf heifers £9 to £l3, good slips 15s to 21s, suckers to 5s 6d, export bulls £5 to £6. OHAUPO SHEEP FAIR. On Wednesday, February 2, we yarded about 5000 sheep and lambs, the whole of whic£' was cleared, though not in all cases to vendors’ satisfaction. It. is not, however, to be wondered at that buyers show considerable caution in regard to the stock purchases they make, and sellers must, realise, as, indeed, most of them do, that for a time at any rate moderate values must prevail. Although the class of ewe yarded at Oba.upo was superior to that in evidence at Rangiriri, prices on the whole were easier. On the other hand lambs were much brisker and competition was well maintained to the end. Prices realised were as follows: —Two-tooth ewes 17s fid to 22s fid, 4-yea.r ewes 17s, 5-year ewes 14s to 15s 9d, two-tooth wethers 19s 9d to 21s 9d, best show lambs 16s to 17s 3d, medium 10s to 14s fid, small Cs 6d to 8s 9d, woolly rape lambs to 17s 6d. LOAN AND MERCANTILE REPORTS. STRATFORD BRANCH. The New Zealand Loan and Mercantile Agceny Co., Ltd , Stratford, report as follows The stock market continues dull. Holders of stock, who can possibly do so, seem to be hanging on for better prices later on. In conjunction with Newton King, Ltd., we held a sale at Whangamomona on January 21, to a poor yarding. Vendors’ reserves were high, and did not appear to meet the market. Prices:—Mixed sex hoggets 16s to 17s, f.m. ewes 9s, 3yr steers £7 15s to £7 17s 6d, 2yr steers £7. At Te Worn sale on the 23rd we had a fair yarding of mixed cattle. Competition was not very keen, but vendors met the market in most cases. Prices: M.S. hoggets 15s. 16month steers £4 to £4 Is, heifers £3 5s to £4, 2yr steers £7, 3yr do. £7 15s to £8 2s 6d, store cows £5, £5 4s to £6. At Stratford on February 1 we had a fair yarding. Store cows and young steers were competed for, and the yarding was all disposed of as follows:—Woolly lambs (small) tss, f.m. rams £1 Is, 10-month steers £3 to £4 ss, heifers r.w.b. £6, cows and calves £3 7s 6d (poor condition), store cows £3 2s fid to £3 8s and £5, forward cows £6 7s 6d to £7 9s. HAWERA BRANCH. The N.Z. Loan and Mercantile Agencj’ Co.. Ltd., Hawera. branch 1 , report as follows for the week ending February 5, 1921 • At Kakaramea on Monday we had a medium yarding of all classes of stock, and in spite of the low prices, vendors in all cases were prepared to meet the market. We quote:— Shorn lambs (culls) Gs 6d, weaner pigs 7s 6d, good cows and heifers to £B, lighter sorts £5 to £6, others £2 5s to £4, export bulls £2 10s to £6, Jersey 15-month heifers £B.

At Elthaun on Wednesday, chiefly owing to the races, our yarding was small, and the attendance of buyers was very poor. We quote: Woolly lambs 12s 7d, fat cows £9, forward ditto £5 10s to £7 2s, bulls £3 10s, weaner steers 18s 6d, Jersey cross heifers £'2 7s. At Hawera on Thursday, owing tp the races, we also had a small yarding, especially of cattle., However, in all cases vendors were prepared lo sell. We quote:—Two-tooth to <.f.m. wethers 18s 7d, ewes 16s 3d, woolly lambs 12s, shorn lambs 9s lOd, culls 4s 6d to 5s Bd, bulls £3 to £B, light cows £4, Jersey weaner heifers £4 5s to £4 9s, others 31s to 40s. RANGIRIRI SHEEP FAIR. ( The Farmers’ Auctioneering Co., Ltd., report as follows At Rangiriri on Tuesday, February 1, we opened our season’s sheep fair, and although values were considerably below those ruling last season they w<re nevertheless quite up to anticipations and quite as high' as the present outlook warrants. With a few exceptions the ewes were not of a very high standard, but many good lines of lambs were penned, and these were certainly sold at values below those recently ruling. Prices realised were as follows:—Fat ewes 225, 4-tooth ewes 20s. A line of mixed ewes culled from Mr. J. McKinnon’s flock made 225. Pens of mixed aged ewes from 4-tooth to f.f.m. realised from 15s to 18s, 5-year ewes from 15s to 17s 6d, good two-tooth wethers 225, small 4-tooths 218 6d, cull wethers 16s to 18s fid, cull ewes 9s 6d to 10s 3d, best shorn lambs 12s to 15s, medium 10s 3d to Ils 6d, small from 7s, woolly lambs 14s, Southdown rams £4 4s, old rams 5s to £1 Is.