COMMERCIAL.

Taranaki Daily News, 28 March 1921, Page 2

COMMERCIAL.

EXCHANGE RATES. By Telegraph.—Press Assn.—Copyright. London, March 24. Foreign exchange rates on London are quoted as follows:—Paris, i. 6.32 francs to £1; Stockholm, 16.92 kroner; Christiania, 24.42 kroner; Calcutta, 15%d to the rupee; Yokohama, 29&d to the yen; Hongkong, 28%d to the dollar; Montreal, 4.46 dollars; Berlin, 246 marks. LONDON MARKETS. London, March 24. Cotton—Bs 4d. # Copra. —Mar ch-May, £26. Hemp.—March-May, £42. Jute. —March-April, £32. Rubber.—Para ll%d, plantation 12%d, smoked 10 7-Bd. Linseed Oil.—£'2B 10s. Turpentine.—sos. Wheat. —Inactive. Flour.—ln »oo< demand. Australian spot 68s. Barley.—Quiet; a parcel Australian Chevalier March shipment sold at Antwerp at 625. Oats.—Firm. Peas and Beans.—Quiet and unchanged. g U g ar< —Firm. Granulated 695. I MELBOURNE WOOL SALES. Melbourne, March 25. The March series of wool sales has concluded. There has -been more competition from the Continent for the finer descriptions of crossbreds than lately at tile recently reduced level. 1 THE BUTTER CONTROL. By Telegraph.—Press Association. Wellington, March 26. With reference to the control of butter and butter prices in Great Britaqi, Mr. Massey has received the following cable from the High Commissioner: —“Butter. —The Ministry of Food announces that its control over the import, distribution, and prices will be revoked on March 31, and that the trade distribution up to March 31 will be the last allotment of .Government butter. Thereafter the Ministry’s stocks will be sold from store to approved first-hand buyers, who will be at liberty to sell to any customer without restriction. This revocation will render the term “Government butter” unnecessary, as the public will be able to purchase according to type, quality, and price as in pre-control days.” BURNSIDE. Duedin, March 23.

There were only medium yardings in all departments at Burnside to-day, and prices showed a slight improvement for cattle. The sale opened at a slight advance on last week’s prices, and as the sale progressed prices were about on a par with the previous week, and when the last race was offered the demand bad fallen off. Altogether clearances of really prime ox beef were made at a shade better than 41s per 1001 b. Prime heavy bullocks sold at £l7 to £2O, prime £l3 10s to £l6 10s, medium to light £9 10s to £l2, prime cows £ll to £l3, medium £7 10s to £9 2s 6d, lighter £4 15s. Store Cattle.—A good yarding was offered, and from the vendors’ point of view* it was one of the most unsatisfactory sales that have taken place at Burnside for many years past. While the bulk of the yarding was sold, prices were very low. Three and four-year-old steers, not in forward condition, were sold at prices ranging from £4 10s fo £5 per head. Fat Sheep.—There was a small yarding, numbering 1841 bead of medium quality. Really prime sheep were in short supply. Towards the close prices for prime sheep hardened to the extent of Is to Is 6d per head, while medium were firm at last week’s rates. Prime heavy wethers made 25s 6d to 265, prime 19s to 22s 6d, medium 15s 6d to 17s, others from 10s, prime ewes 15s 6d to 18s 6d, extra to 24s 9d, medium 10s to 13s 9d, others 5s upwards, prime wether mutton realised 3 5-8 d and ewes 2%d. Exporters secured a few lots of ewes at a farthing under the rate quoted. Fat Lambs —The yarding consisted of n 6, the quality being good. Owing to the holidays freezing buyers were unable to operate. The butchers’ demand firmed prices to the extent of Is per head on last week’s rates, prime lamb selling at prices in the region of 6 3-8 d per lb. Best lambs made 22s 3d to 25s 6d, good 17s to 19s 3d, otheres 12s 3d to 15s. Pigs.—A small yarding was offered, consisting mostly of porkers. There was a keener demand than last week, and prices were in the vicinity of 5s per head dearer. ADDINGTON STOCK MARKET. Chrlfltchurdi, March 23. At the Addington market to-day the sale was generally brighter. There was a firming ifi fat lambs, and a much freer sale of store sheep, particularly good class ewes, and dairy cattle. Fat cattle were In over-supply, and the price for secondaffy quality declined. Prime mutton was unaltered, but average mutton, of which there was an over-supply, was cheaper. StorP Sheep.—A slightly smaller yarding, 70 per cent, of which were ewes. There was a firm sale for good class farmers’ ewes. Good forward lambs 10s 9d to 13s 6d, medium 7s to 10s, inferior and small 3s 6d to 6s 6d, forward four and six-tooth wethers, 12s 6d to 16s, ordinary four and six-tooth wethers 10s lOd to 12s, good two-tooth wethers 13s 6d, ordinary two-tooth wethers 9s 2d to 10s 6d, good two-tootb ewes 20s 6d to 28s 6d, ordinary two-tooth ewes 14s to 18s 6d, good 4, 6, and 8-tooth ewes 18s 6d to 25s 4d, ordinary 4,6, and 8-tooth ewes 12s 6d to 18s, inferior 4,6, and 8-tooth ewes 9a to 12s, four and five-year ewes 8s to 13s 6d, aged ewes 4s to 8s 3d. Fat Lambs—A better and a more spirited demand, values appreciating slightly. Prime lamb av.eraged 6d per lb. Extra prime lambs 25s 6d, prime 20s 6d to 23s 7d, medium 17s 6d to 20s 3d, light and unfinished 12s 9d to 17s. Fat Sheep—Prime wether mutton averaged quite 4d per lb, but a great deal of secondary ewe sold at 2%d and less. Extra prime wethers 25s 6d to 30s, prime 22s Cd to 255, medium 19s to 225, light and unfinished 12s to 18s 6d, prime ewes 19s to 23s Id, medium 14s 6d to” 18s 6d, light Ils 6d to 14s 3d, Inferior 5s 10s to Ils.

Fat Cattle.—An overflowing yarding of 435 head. Prime beef sold at £2 per 1001 b, secondary 10s to 15s less, A good deal of inferior was passed. Extra prime steers £2O 10s, prime £l6 10s to £lB 15s, medium £l2 15s to £l6/ ss, light and unfinished £4 17s 6d to £lO, extra prime heifers £l3 12s 6d, prime £8 10s to £l2 17s 6d, ordinary £4 17s 6d to £B, prime cows £7 5s to £9 10s, medium to inferior £4 17s 6d to £6 15s. Vealers. —A weaker demand. Runners, £6, good vealers £2 7s 6d to £3 7s 6d, medium £1 7s 6d to £2 2s 6d, small 10s to £1 2s 6d.

Store Cattle.—An improved demand. Tkreeyear steers £6 17s 6d, 18-month steers £2 7s 6d to £3 10s, three-year heifers £4 10s to £5, 18-month heifers £2 17s 6d to £3 10s. Dairy Cattle.—Extra good third calvers, £23 15s, extra good second calvers £22, good third calvers £lB, ordinary third calvers £l2, first calvers £6 to £l2, inferior cows 30s to £5 10s.

Fat Pigs.—Choppers £3 10s to £5 12s 6d, light baconers £4 5s to £4 155,. heavy baconers, £5 to £5 10s, extra heavy baconers £6 (average price per lb 7d), light porkers £2 10s to £2 17s 6d, heavy porkers £2 15s to £3 12s 6d (average price per lb 9%d). Store Pigs.—Prices were on a par With last week, when a substantial fall was recorded. Medium stores 37s 6d, small stores 26s to 32s 6d, weaners 7s 6d to 16s. N.Z. LOAN AND MERCANTILE, REPORT. The New Zea j an tl Loan and Mercantile Agency Compp"- Limited, have received the following cab>£7., m from their London house under date, 23 Tallow.— We quote present spot values 'or tha following descriptions:—Fine nutton £1 19s 6d per cwt., gboB beef £1 15s 9d per cwt., mixed £1 9s 3d per cwt. Limited dbaMkdi

Cheese. —Colored, market firm. White vary quiet £.7 4s.

We had a good yarding of sheep at Stratford sale on the *l5 lust., chiefly f.m. ewes and lambs. Competition was dull, but we sold most of entry under the hammer. Cattle was neglected. Prices: —Wether hoggets Ils to 13s 6d, cull lambs 3s 6d to ss, wether lambs 8s 3d to 8s Bd, f.m. ewes 3s 6d to 4s, fat ewes 7s lOd, store cows 32s 6d to £2. At Tarata on the 18th inst., we had a fair entry of sheep and cattle. Vendors of sheep met the market and most of the entry were sold. Cattle including line of 16 and 18-month heifers were neglected. Prices: —Lambs 3s to 3s 6d, e.m. ewes 3s, 2-tooth wethers 13s, f.m. Lincoln rams 12s 6d. AUCKLAND MARKET. We held sales of dairy and store cattle during the past we?k at Westfield, Ngatea, Waiuku, Tuakau, Whitford, and Kaukapa kapa. Dairy cows and heifers close to profit still sell readily, the demand for store cattle being very dull. Best dairy cows and heifers £l4 to £2l, others £9 10s to £l3 15s, aged cows and Inferior heifers £5 to £9, bulls £1 10s to £3 10s, empty cows £2 5s to £3 15s, heifers suitable for dairy purposes £4 10s to £6 10s, calves 14s to £2 7s, yearling to 18-month steers £2 10s to £3 10s, 2-year to 2%-year steers £3 15s to £4 15s, 3-year to 3%-year steers £5 to £7 10s, beef at fully Westfield prices. At Papakura on Tuesday we held a clearing sale of Messrs. Burgess Bros.’ horses and contracting plant, and report a good sale. Draught horses sold to £42 10s.

At Westfield fat stock market on Wednesday beef was penned in less than average numbers. Competition was keen for good quality, the market showing a firmer tone, prices improving aflightly on last week's report. We quote :—Choice ox sold to £ 2 2s per 1001 b, prime ox, £1 13s to £2 per 1001 b, rough and Inferior ox, £1 5s to £1 12s per 1001 b, heifer beef ss to £1 13s per 1001 b, cow beef, £1 to £1 10s per 1001 b. Steers sold at from, for best, £ll 10s to £lss 7s 6d, others £8 17s 6d to £ll 7s 6d, cows, £2 15s to £8 10s, heifers £5 10s to £lO 7s 6d. Sheep were penned in large numbers. Competition was dull, and prices were again easier. Heavy prime wethers £1 2s to £1 ss, medium 18s 6d to £1 Is 9d, light and small 15s to 18s 3d, inferior small .two-tooth wethers Ils upwards, heavy prime ewes 17s to £l, medium prime ewes 14s to 10s 6d, light prime ewes 12s to 13s 9d, small and inferior ewes 4s 9d upwards. Lambs were penned in average numbers, selling at late quotations. Heavy prime lambs £1 0s 6d to £1 ss, medium 17s to £1 0s 3d, light 14s to 16s 9d, small and Inferior 9b to 13s 9d. Calves came forward in less than average numbers, there being a keen demand for good venlers, price improving on last week’s report, rough calves and runners showing no improvement. Runners £4 15s to £5 ss, heavy vealers £4 5s to £5 Is, medium £3 to £3 15s, light £2 to £2 15s, small and fresh dropped 8s to £1 ss. Pigs again penned in large numbers, prices not being up to last week’s quotations. Heavy baconers £4 5s to £4 15s, medium £3 15s to £4 10s, light £3 10s to £4, heavy porkers (prices being much easier for both light and heavy) £3 to £3 lOs, medium £1 15s to £2 15s. Small yarding of store pigs, which were duM of sale.