COMMERCIAL.

Taranaki Daily News, 5 March 1921, Page 2

COMMERCIAL.

A FALL IN WHEAT. By Telegraph.—Press Assn.—Copyright. London, March 2. Australian and Manitoba wheats have been reduced 2s 6d; others remain unchanged. NATIONAL MORTGAGE COMPANY. London, March 3. The National Mortgage Company’ of New Zealand shows a profit of £77,941. A final dividend of Is 6d an& a bonus of 3s, both tax free, have been declared. An addition of £5OOO tas been made to the reserve, and brought, forward, THE WOOL MARKET. London, March' 2. At the sale of free wool the Continental style of merinos sold well for France and Germany at late rates. Yorkshire sorts were irregular. Crossbreds met with poor competition, and medium and low sorts were largely withdrawn. The Lansdowne clip brought top price, 24%d, average 22d. UEENSLAND DEBENTURES London, March 3. Mr. Hunter explains that according to the Chilagoe-Etheridge Purchase Act the Queensland Government contracted to discharge debentures valued at £225,000 on March 1 by a payment to Edward Faucourt Mitchell, barrister, of Melbourne, as trustee for the bondholders. The Government complied with that provision, therefore payments in London are not required.—Aus.-N.Z. Cable Assn. AUSTRALIAN MARKETS. Sydney, March 3. Oats. —Algerian feed 2s lOd to 3s; milling 3s 6d; white feed 4s 6d; milling 4s 3d. Maize.—Yellow 5s 6d, white ss. Potatoes.—Tasmanian £7 10s to £9. Victorian, £6 to £7. Onions.—Victorian £ 6. Adelaide, March 3. Oats.—2s 3d to 2s 4d. Melbourne, Mar«h 4. Hides.—The market is unchanged i heavies and stouts, medium and lights firmer. Barley.—English 4s to 4s 3d, Cape 3s to 3s 3d. Oats.—2s 5d to 2s 6%d. Potatoes.—£6. Onions.—£4 10s to £5. NEW SOUTH WALES LOAN. . ° Sydney, March 4. ' Slightly pver two million of tte New South Wales three million loan has been subscribed. LONDON MARKETS. ASSOCIATION WOOL SALE. Received March 4, 5.5 p.m London, March 3. At the Wool Realisation Association’s wool sale only 40 per cent, was sold. A very poor selection was offered, all being old and poor conditioned, except super new England merinos, which were keenly competed for by the Continent at full late rates. Average merinos were unchanged and low were largely withdrawn. Crossbreds were very poor, and there were heavy withdrawals in all qualities, as the reserves were relatively higher than at the “free” sales. The Bradford market is stagnant. Sixtyfour's sold at 44d, 56's at 28d, and 46’s at 17d. Wheat is quiet, and there is little inquiry. An Australian passage parcel sold at 85s. Flour is dull. Oats are steady, but quiet. Australian landed are quoted at 32s Gd to 335. Barley is inactive. Australian Chevalier landed is quoted at 68s lo 765. Beans are peas are quiet and unchanged. Sugar.—Granufated, 68s.—Aus.-N.Z. Cable Assn.

N.Z. LOAN AND MERCANTILE AGENCY CO. The New Zealand Loan and Mercantile Agency Company, Ltd., have received the following cablegram from their London house under date 2nd instant:— Tallow.—We quote present spot values for the following descriptions; Fine mutton £ 2 per cwt., good beef £1 17s 6d per cwt., mixed £1 10s 6d per cwt. Limited demand. Cheese.—Quotations: Colored £7 18s 6d per cwt., white £7 7s per cwt. THE INGLEWOOD SALI. (From Our Own Correspondent.) Time was when, to report a stock sale, was as easy as shelling peas and as pleasadt. That is not the case nowaday, with the heavy depression in prices everywhere prevailing. This was felt severely at the Farmers’ Co-op. sale on Wednesday, and the sheep fair on Thursday, in their Inglewood yards. There w#s a good muster of stock at each, and the public attended in good numbers, but though they were said to be better sales than expected so far as prices were concerned, there was no blatant jubilation amongst the vendors such as one used to notice some twelve months ago. At the cattle sale mixed weaners made 30s, Jersey weaner heifers £3 Is, 20-month in-calf heifers (Ayrshire strain) £2, store cows from £3 to big Shorthorn bull in god condition £5 10s—about onequarter the price it would have brought at last year’s rates. At the sheep fair Romney raims made 2¥l guineas, Lincolns 1%, breeding ewes, mixed ages, from 7s to 15s, 2-tooth wethers, small, 9s 4d, store lambs 7s to 9s Gd, and best lambs 15s. BURNSIDE STOCK SALE. DECIDED DROP IN PRICES. Dunedin, March 2. There were large yardings of fat cattle, sheep, and lambs at Burnside to-day. As export buyers were. operating on very much reduced limits, a very decided drop in all the above classes took place, and to-day's prices were, approximately:—Ox beef, according to quality, 30s to 35s per 1001 b; cow and heifer beef, 208* to 255. Wether mutton brought 3 J ,4d to 3%d per lb; ewe mutton. 2%d to 2%d; lamb, from 5%d to 7%d, according to weight and quality. Fat Sheep.—37o7 were offered, the quality being good. Prices receded from 6s to 10s a head for heavy-weight ewes and wethers, and for light-weight there was a. drop of from 4s to 6s a head. Extra prime heavy-weight wethers realised to 31s 9d; prime, 20s to 245; medium, 16s to 18s 9d; light, 12s Gd to 15s; extra prime ewes, to 24s 9d; prime, 16s to 20s; medium, 12s 6d to 14s 9d; light, 8s to 10s 6d. i Fat Cattle.—A big yarding, totalling 291 head, composed principally of well-finished steers and heifers. Export buyers were operating to a limited extent, which helped to keep rates fairly steady, but nevertheless a fall In prices took place to the extent of 35s to 50s a head, as compared with last week’s rates. Prime bullocks, £l4 to £l6; medium, £ll to £l3; light and unfinished, £8 to £lO 10s; prime cows and heifers, £lO to £l4; medium, £7 10s to £8 15s; light and aged, £4 15s to £7 ss. Fat Lambs.—Another large entry, 2021 coming under the hammer. Export buyers secured all well-finished sorts at a reduction on last week’s rates of about 3s, while unfinished sorts were very hard to dispose of at Gs per head drop on late rates. Prime lambs, 22s 6d to 28s Gd; medium, 17s to 20s; light, 12s 6d to 15s; unfinished, 8s to 12s. Store Cattle.—A full yarding. There was a very poor demand, and any sales which were effected were at reduced prices in sympathy with fat stock reductions. Pigs.—A large yarding of both fats' and stores. Prices for fats showed a drop of 10s a head on last week’s values. Stores also met a dragging sale, prices being 7s 6d to 10s flower than last week.

ADDINGTON MARKET. SUBSTANTIAL DROP IN VALUES. Christchurch, March 2. At Addington market to-day the yarding was a particularly large one. There was a substantial all-round drop in values, which reached a lower point for mutton than for years. Store Sheep.—An overflow yarding and a dragging sale. There was an entry of over 20,000, principally lambs, and sales were effected only on a low basis. Good forward lambs, IGs to 16s lid; fairly forward lambs, 13s Gd to 15k Gd; medium, 10s 3d to 13s; inferior and small, 7s 2d to 9s 9d; cull, 5s to 7s; good four and six-tooth ewes, 17s 6d to 255; two, four, six and eight-tooth ewes, 9s 6d to 12s 9d; two-tooth ewes, 14s 9d to 18s; good fresh full-mouthed ewes, 17s 9d to 21s; aged ewes, 5s to 6s 3d; forward four and six-tooth wethers, 16s to 17s 10d; good two-tooth wethers, 14s 2d; ordinary two-tooth wethers, Ils to 12s 9d. Fat Lambs —Values were easier, and averaged 7%d to 7%d per lb. Freezing buyers operated keenly at these figures. Extra . prime, 28s 2d to 30s 3d; prime, 25s to 28s; medium, 21s 9d to 24s 9d; light and unfinished, 14s to 20s 9d. Fat Sheep.—Wether mutton sold at about 4’£d to 4%d per lb, and ewe mutton 3d to 3%d, and towards the end of the sale at less 1 Extra prime wethers, 28s Gd to 32s 8d; prime wethers, 24s 9d to 27s 9d; medium wethers, 21s to 245; light and unfinished • wethers, 12s 6d to 18s 9d; extra prime ewes, 26s JOd; prime ewes, 19s 6d to 23s 9d; medium ewes, 14s 3d to 19s; light and unfinished ewes, 8s to 13s 9d. Fat Cattle.—A yarding of 370. Prime beef dropped about 30s per head, and secondary quality about 50s. A fair proportion of the entry was passed in, the good feed available saving graziers from accepting .low rates. Extra prime steers, £22 15s; prime, £l7 10s to £l9 12s 6d; medium, £l3 10s to £l7 ss; light and unfinished. £6 5s to £l2 10s; prime heifers, £lO to £l2 12s Gd; ordinary, £6 to £9 10s; prime cows, £7 10s to £ll 7s 6d; medium and inferior cows, £5 12s 6d to £7 ss. Vealers.—A big entry, and lower values, In sympathy with other prices. Runners, £6 10s; good vealers, £3 to £4 ss; medium calves, £1 17s 6d to £2 15s; small calves, 10s to £1 10s. Store Cattle.—A big entry and a slack sale. Good-conditioned steers, £6 15s to £7 10s; 18-month steers, £3 5s to £3 10s; yearlings, £2 to £2 7s 6d; good cows, £3 10s to £4 ss; inferior, 15s to £1 10s. Dairy Cattle.—A large entry and a dragging sale. Good cows, third calvers, £l6; medium cows, £lO 10s; springing heifers, £l3; inferior cows. £4 to £9; old cows, 30s to 60s. Fat Pigs.—A> weak demand, except for porkers, which sold well. Choppers, £5 to £8; light baconers, £4 15s to £5 ss; heavy, £5 103 to £G; extra heavy, £6 5s (average price per lb, 7%d) ; teavy porkers, £4 to £4 7s 6d; light, £3 5s to £3 15s (average price per lb, 10%d to ll%d). Store Pigs.—A weak demand, values dropping about 10s a head all round. Good stores, £3 to £3 12s; medium, 42s to 50s; small, 28s to 38s; sows in p)g, £6. NEWTON KING LTD., REPORTS. At Douglas sale and Supplementary Sheep Fair on 28th february we report a very good yarding of sheep and a fair one of cattle. Although sheep values were greatly reduced there was a steady enquiry throughout and everything was eventually sold. Cattle were in little demand. Inferior lambs ss, 6s 7d; ordinary do 7s 3d, 7s 7d, 8s; rape do 10s Id, Ils Id ; 4 and 6-tooth wethers 14s 6d, 15s 6d ; G-tooth do 16s 9d; 4 and 6-tooth ewes 18s 9d; f.m. do 8s 9d; aged do 5s 6d; Romney rams 1 gn. to 3 gns.; fqrward cows £4 17s 6d; 18-imonth steers £3 13s, 3%-year steers £8 ss; dairy bull £10; boner bulls £3 17s 6d.

At Stony River on March 1, good entries of both shep and cattle were offered to a fair attendance of buyers. Lambs were well sought after, the whole offering changing hands at late rates, breeding ewes also being in demand. In the cattle section vendors were prepared to meet the market and practically the whole offering was sold at the hammer. Prices were easier for all classes, steer and weaners especially stowing a decline in values. Store pigs 9s, 12s 6d, 14s; lambs 10s, 10s 6d; rape do Ils Id, Ils Bd, 13s; ewes 16s 6d, 21s; weimer heifers 235, 29s 6d, 30s; Jersey do £4, £5/£5 10s; 20-month do £3/Is; 2-year old £4 2s Gd; agad store cows £1 ss, £1 12s 6d; ordinary do £2 7s 6d, £2 10s; forward do £4 12s Gd; dairy heifers £8 5s to £ll.

At Kohuratahi on March 2, the yarding was good of both sheep and cattle, but enquiry almost lifeless. Price showed a considerable decline, but fair business was done nevertheless. Lambs 7s 2d; 4-tooth ewes 15s; f.m. ewes 8s 4d, 9s 3d; f.f.m. ewes 6s 6d, 7s 6d; Romney flock rams I’4 to 2*4 gns.; 18-mionth steers £4, 3%-year do £6 10s; fat heifers £6. N.Z. LOAN & MERCANTILE REPORTS. AUCKLAND STOCK MARKET. The New Zealand Loan and Mercantile Agency Company, Ltd., report:— We held sales of dairy and store cattle during, the past week at Westfield, Waiuku, Takapuna, and Kaukapakapa, reporting good sales at late quotations:—Best dairy cows and heifers £l6 to £23, others £lO to £l5 15s, aged cows and inferior heifers £6 to £6 10s, empty cows £3 to £5 ss, bulls £1 10s to £7, calves, best £1 15s to £2 10s, others 15s upwards, yearling to 18-months steers £2 16s to £4 ss, yearling to 18 months heifers £2 15s to £4 10s, 2 to 2%year heifers, suitable for dairy purposes 45 to £7 10s, 2 to 2%-year steers £5 10s to £6 15s, 3-year steers £7 10s to £9, 3%-to 4year steers £9 5s to £l2 10s, store ewes f.m. 10s 3d to 17s, store wethers 19s 9d to £1 3s, lambs 8s to 16s. Beef at fully Westfield prices. At Westfield fat stock market on Wednesday beef was penned In -large numbers, competition was not so keen as the previous week, and prices rtere easier. We quote; Choice oxen to £2 8s per 1001 b, prime oxen £2 2s to £2 7s per 1001 b, rough and inferior ox £1 15s to £2 3s per 1001 b. Heifer beef sold at from £1 18s to £2 4s per 1001 b; cow beef sold at from £1 15s to £2 per 1001 b: rough and inferior cow beef £1 8s to £1 14s per 1001 b. Steers sold at from, for best £l5 10s to £lB 10s (no extra heavy steers were penned), others £l2 to £l5 7s 6d, inferiorly fatted steers £8 to £ll 17s Gd, heifers sold at froun £8 10s to £l5 for three heifers fatted by Mr. Jos. Dreadon, Papatoetoe/cows sold at from £7 15s to £l2 for best, others, inferiorly ’ fatted and aged, £3 10s to £7 10s, bulls £2 to £4 10s. Some of the overages were:—B steers from Mr. R. A. Bent, Puketurua Estate, Putaruru, £l7, 8 steers from Mr. L. Bassett, Paparoa, £l4 3s 9d, 8 steers from Mr. N. K. Taylor, Tauplri, £l3 12s 6d, 8 steers from Mr. W. W. Carpenter, Papakura, £l3 Is, 11 steers from Mr. Alex Orr, Papatoetoe, £l3 10s, 27 steers from Waikato, £l2 15s, 5 heifers from Mr. Jos Dreadon, Papatoetoe, £l4 ss, 3 heifers from Mr. N. K. Taylor, Taupiri, £lO 15s, 6 cows from same client £B. Calves were again penned in large numbers, competition being dull. Prices were easier than last week. Runners £4 10s to £5 17s, heavy vealers £3 5s to £4 Bs, medium £2 10s to £2 173 6d, light £1 Ils to £2, small and freshdropped 5s to £l. Pigs were penned in average numbers, selling under steady competition at late quotations. Store pigs were neglected. Heavy baconers £4 10s to £5 ss, medium £4 4s to £4 12s, light £3 15s to £4, heavy porkers £3 10s to £3 12s, medium £2 10s to £3 ss, weaners 10s to 15s, slips £1 to £1 ss. Sheep were penned in average numbers selling at late quotations. No extra heavy prime wethers or ewes were penned. Heavy prime wethers £1 9s 6d to £1 13s, medium prime £1 6s 9d, light £1 4s to £1 Gs 3d, small and unfinished wethers 19s 9d to £1 4s, heavy prime ewes £1 5s to £1 7s Gd, medium pririe £f 2s to £1 4s tfd, light 19s Gd to £1 l s smaU and inferior ewes 13s 9d to 18s Rri. T. nn ibi were penned < in large numbers, se]]j nir .-inte‘ quotations. 'Heavy prime £1 6s to 3d, medium ' £1 2s 9d to £1 5a 9d, ]j Kht gj to £1 2s 6d, small and unfinished 10s tu