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Taranaki Daily News, 6 April 1921, Page 2

COMMERCIAL.

LONDON SHARE MARKET. By Telegraph —Press Assn —Copyright Received April 5, 5.5 p.m. London, April 4. Mount Lyell shares.—Buyers, 13s; sellers, 13s fid. Talisman.—Buyers, 5s 6d; sellers, 6s. P. and O— Buyers, £320; sellers, £340. Aus.-N.Z. Cable Assn. THE PUZZLE OF MONEY. An article in the London Spectator, dealing with the puzzle of money, says:— During all the war we have been creating money and destroying wealth; we have more money now than we ever had before, and less wealth than we had six years ago. That means we have more apparatus for buying things and fewer things to buy. So we find that our money buys less and brings us less wealth and less power than it did before, and we accordingly ask to have more money. But what we really need more wealth, for money only matters because i.t controls wealth. And while we ask for more money, the Government is destroying money; it is burning millions of Treasury notes in a week. And we applaud the Government for destroying money, although for ourselves we want more money and not less. Are we wrong then in wanting more money for ourselves? How can we be wrong when without it we cannot get the wealth we really need? W6 have to think all that out. And when we have thought it out (and i.t is not very difficult) we shall find puzzles that, really are difficult, and which must tee rightly solved if life on either level is to be rightly lived. Never, assuredly, did money matters need more thought.”

N.Z. LOAN & MERCANTILE REPORT. HAWERA BRANCH. The New Zealand Loan and Mercantile Agency co, Ltd., report for the week ending April 2: — On Wednesday at Eltham, prices were at late rates. On Thursday at Hawera we had a good entry of both sheep and cattle. Most of the former were fat and forward wethers, and these were keenly competed for at prices shown below. All the cattle were cleared at prices on a par with previous sales. We quote:—Fat wethers 15s lid, forward 6-tooth and f.f.m. 10s Id, s.m. ewes 3s, fat cows £6 13s to £8 9s, fresh conditioned cows to £2 17s 6d, others 18s to 365, shorthorn and Holstein heifers r.w.b. £3 15s, Jersey weaner heifers to £4 7s, others 18a to 345, store pigs 325, weaners ss* 6d. At Waverley on Friday we had a good entry. There was a large attendance, but bidding was dull. However the whole, with the exception of a few store cows, were sold under the hammer. We quote:—6-tooth and x f.m, wethers 7s 9d, line of 4^-year forward bullocks £B. AUCKLAND MARKET. At Westfield and Clevedon, best dairy cows and heifers made £l5 to £22, others £9 to £l4 10s,, aged cows and inferior heifers £5 to £8 10s, bulls £2 to £3 15s, empty cows £2 5s to £3 108, calves, best £1 10s to £2 ss, others 15s upwards, heifers, suitable for dairying purposes £4 to £6 10s, yearling to 18-month steers £2 5s to £3 15s, two to three-year steers £4 to £5 17s 6d, fresh full-mouthed ewes 12s 6d to 14s 6d, fullmouthed ewes 5s to 7s fid, store wethers 14s 6d to 18s, store lambs 8s to 12s 6d. At Papatoetoe dairy cows sold up to £37, mare, buggy and harness £BO, fowls 3s 6d to 10s, ducks, 8s to 10s fid, pigs £1 to 1 9s. At Westfield, ox, extra choice, to £2 4s per 1001 b, prime £1 19s to £2 3s, rough and inferior £1 5s to £1 15s, heifer beef £1 12s to £1 17s per 1001 b, cow beef £1 5s to £1 Ils, steers sold at from for best. £l5 to £lB 10s, others £lO to £l4 17s fid, small and unfinished £5 17s 6d to £9 17s fid. Heifers sold at - from £6 10s to £l3 2s Gd, cows £4 10s to £B. Calves were penned in average numbers, prices being an improvement on last week’s quotations. Runners £4 10s to £5 ss, vealers, heavy £4 to £5 Is, medium £3 5s to £3 17s, light £2 5s to £3, small £1 to £1 10s, fresh-dropped 6s to 15s. Pigs were yarded In average numbers, and improved in price. Baconers, heavy £4 to £4 18s,. medium £4 to £4 15s, light £3 10s to £3 18s, porkers, heavy £3 to £3 Bs, medium £2 5s to £2 18s. Small yarding of store pigs, which were again dull of sale. Sheep were penned in average numbers, prices being easier than last report. Wethers, heavy prime £1 3s to £1 6s 3d, medium prime 19s to £1 2s 9d, light and small 15s 3d to 18s 9d, ewes, heavy prime 14s 9d to 17s fid, medium 13s to 1 14s 6d, light prime 11s !ld to 12s 9d, small and inferior 9s to Ils fid. Lambs were penned in average numbers, and sold at late rates. Heavy prime lamb, £1 2s to £1 7s 9d, medium prime lams 17s to £1 Is, light prime lambs 13s to 18s fid, small and unfinished lambs 7s Bd to 12a fid. 1