COMMERCIAL.

Taranaki Daily News, 26 February 1921, Page 2

COMMERCIAL.

, LONDON MARKETS. BUTTER SELLING WELL. By Telegraph.—Press Assn. —Copyright. London, Feb. 24. Butter is selling well. It is now practically certain that the Government price will be reduced by at least fourpence in the middle of March. Cheese. —Firm. New Zealand white 146 s to 148 s, coloured 150 s to 160 s. The Government is offering 10,000 crates of old New Zealand and Australian cheese, some of which is eighteen months old, to importers at 110 s to 1265, according to condition. At to-day’s wool sales half the offering was free wool, and half the Realisation Association’s. Merinos suitable for America were firmer, and under competition from United States combing sorts were mostly cleared, though; unchanged. Faulties were withdrawn. Good new slips crossbred was cleared at full opening rates; other sorts unchanged. Clothing alipes were firm. Combing slipes were mostly withdrawn. The Bradford market was very flat, and quotations unchanged apd nominal. Wheat and Four.—Quiet, and prices unchanged. Oats, Beans and Peas.—Unchanged. Barley.—Easier. Sugar.—Granulated, 67s 6d. HIGH COMMISSIONER’S CABLED REPORT. The Department of Agriculture has received the following cablegram, dated February 19, from the High Commissioner for New Zealand, London:— “Meat.—Chilled beef continues in large supply at previously quoted prices, viz., Fores 8(1, hides to Is per lb; result is, Home-killed beef lower at Is 4%d per lb, and little demand for New Zealand beef. Home-killed mutton, Is 9d; lamb, 2s o%d per lb;/6000 New Zealand lambs from America mainly owned by Swift and Armour, placed on Smithfield market this week; Canterbury brand, first and second quality, in good demand, all at maximum price (Is Id per lb). In consequence, demand has fallen off considerably for New Zealand cut lamb sold on Government account.

“Butter.—Average prices are: English £2l per cwt. (3s 9d per lb) for small supplies available; Irish, £l4 to £l5 10s 6d per cwt. (2s 6d to 2s 954 d per lb). Stated to be large supplies in Ireland, owing to withholding of export certificates. Government butter, no change (£l4 18s 8d) per cwt. wholesale (3s per lb retail).

"Cheese.—Wholesale price of Government cheese has been reduced to Is 4%d per lb, but retail price sustained at Is 8d pr lb. English scarce at £8 8s to £9 2s per cwt (Is 6d to Is 7%d per lb) ; Canadian slow at £7 14s to £7 16s per cwt. (approx. Is 4%d per lb) white, and £7 16s to £7 18s per cwt. (approx. Is 4%d per lb) colored. New Zealand, demand restricted at reduced prices; white £7 6s to £7 12s per cwt (Is 3%d to Is 4 1 4 d per lb), colored £7 16s to £7 18s per cwt (approx. Is 4%d per lb). “Hemp.—Manila market is inactive on account of absence of demand. Nominal quotations are: “J” grade November-January to February-April shipments £44 per ton, and possibly sellers at £4B per ton. New Zealand neglected. Nominal values are: Hlghpoints, afloat, about £45; fair £43 per ton.

“Wood.—Bradford position weaker. Business on account of United States practically finished. Tops, nominally, 64’s 4s 3d, 56’s 2a lid, 40’s prepared Is 4%d per lb. At Hull Government sales on Wednesday, 101 bales of New Zealand and 18,731 bales of Australian were offered. Good attendance Hom® trade, but Continental support poor. Superior merino maintained prices; medium and Inferior declined 10 per cent. Crossbreds neglected, and largely withdrawn. ADDINGTON MARKETS. HEAVY YARDINGS AND LOWER PRICES. Feb. 23. At the Addington market, beef, mutton and lamb were all easier to-day, and in all sections there were heavy yardings. Store Sheep.—An exceptionally heavy yarding. The market opened with a distinctly weaker tone, but livened up a little as the sale progressed, although prices for lambs were lower In sympathy with the fat lamb market. Good forward lambs made from 19s to 23s 9d, fairly forward lambs 17s to 18s. 9d, medium lambs 15s to 16s 9d, inferior and small lambs 10s to 14s 9d, cull lambs 5s to 9s 6d, good 4 and 6-tooth ewes 20s 9d to 24s sd, 4, 6 and 8tooth ewes 15s to 19s, 2-tooth ewes 21s 6d, ordinary 2-tooth ewes 17s 3d to 18s 6d, good 2,4, 6 and 8-tooth ewes 25s 3d, fairly good fresh full-mouthed ewes 16s to, 18s 6d, forward 4 and 6-tooth wethers 22s fid to 25s 7d, forward 2-tooth wethers 21s to 23s 7d, ordinary 2 and 4-tooth wethers 16s 6d to 19g. Fat Lambs.—About 5000 came forward, compared with 8500 last week. The freezing people bought freely, but prices again t declined about Is per head. Extra prime made up to 32s 3d, prime 27s 9d to 80s 6d, medium 24s 9d to 27s 3d, light and unfinished 20s 6d to 24s 3d. Fat Sheep.—About nine races came forward, the same number as last week. The quality was scarcely up to the average, a large number of very plain ewes being forward. From the outset prices were considerably lower than recent sales, and freezing buyers were only disposed to operate at bedrock prices. Generally, prices were 3s below last week’s figures, when a substantial decline was also experienced. Extra prime wethers made from 32s 3d to 33s 4d, prime wethers 28s 9d to 31s 9d, medium wethers 22s 6d to 28s 3d, light and unfinished wethers 22s 9d to 26s 3d, prime ewes "26s to 29s lOd, medium ewes 19s 9d to 25s 6d, light and unfinished ewes 12s 6d to 19s 3d. Fat Cattle.—A yarding of 380 compared with 320 last .week. Prices showed an easing against late rates, which was due, probably, to an over-supply and the unsatisfactory state of the hide market. Extra prime steers brought £24, prime steers £l9 to £22 10s, medium steers £l4 10s to £lB 15s, light and unfinished steers £8 to £l4 ss, prime heifers £7 10s to £l2 10s, prime cows £ll 15s to £l3 10s, medium cows £8 5s to £ll, light and unfinished cows £6 10s to £B, vealers and runners £8 12s 6d, medium calves £2 15s to £3 ss, small and inferior 12s 6d to £2 15s.

Store Cattle.—Two and a half to three-year-old medium bullocks brought £5 10s, yearling steers £3 7s 6d to £4 10s, medium cows £2 15s to £4 10s, good cows £4 10s to £6 ss. Dairy Cattle.—Good cows made from £l4 to £24, good heifers £l2 to £lB 10s, small and inferior £5 to £lO, old and Inferior cows £4 upwards. Fat Pigs.—Choppers made from £6 to £8 10s, light baconers £5 to £5 10s, heavy baconers £5 15s to £6 ss, extra heavy baconers £6 10s to £7; average price per lb 8d to B%d. Light porkers £3 15s to £4 ss, heavy porkers £4 10s to £4 15s, average price per lb 10%d to lid. Store Pigs.—Good made from £3 to £3 9s, medium £2 10s to £2 18s, small £2 is tb £2 9s. weanen 16s to 80s (for good auality).

BURNSIDE MARKET. GOOD YABDINQS OF CATTLE AND SHEEP. Dunedin, Feb. 23. There were large yardings of sheep, lambs and fat cattle at Burnside to-day, but pigs were in small supply. Prices for good quality sheep showed an advance of about 2s a head, while pigs were sold at an advance of fully 15s per head on last week’s rates. Freezing buyers were operating keenly for all lambs suitable for export, and prices were fully maintained. Owing to the large number of fat !cattle coming forward there was a decided reduction, prices having declined 20s to 30s per head. Store cattle were also forward in large numbers, and prices on an average showed a reduction of fully 10s per head. Fat Cattle.—A large yarding, which included several pens of excellent quality. The total number was 257 head, and the sale opened at prices on a par with last week’s rates, but towards the close values showed a decline of 20s to 30s per head compared with the previous week. Extra prime bullocks realised up to £22, prime £l7 to £l9, medium £l3 10s to £l5 15s, light from £9 to £9 10s, trims halters £l5 to £l6, medium £ll to £l2 10s, light £7 up. Store Cattle.—A full yarding was offered, and one or two pens of good four-year-old bullocks, from Southland, realised up to £lO. The rest of the yarding was of a mixed quality, and these were hard to dispose of, a reduction of about 10s per head having to be accepted in order to effect sales. Sheep.—A large yarding, numbering 2000 head. There was only a email number of good quality wethers forward, and these were sold at an advance of 2s pr head, while light wethers were disposed of at prices on a par with last week’s rates. No extra heavy-weight sheep were forward. Prime wethers realised from 35s to 375, medium 30s to 335, light and unfinished sorts from 25s to 28s. The prices for ewes showed practically no change. Prime sorts realised up to 28s per head. Lambs.—A large yarding, numbering 1736 head. There was only a fair demand, and prices showed a decline of 2s per head compared with last week. Prime lambs realised 28s to 31s 3d, medium 24s to 275, others 18s 6d. •. Pigs.—A small yarding of mixed sorts. There was a good demand, and prices showed an advance of about 15s per head as compared with last week’s rates.