COMMERCIAL.

Taranaki Daily News, 19 April 1921, Page 2

COMMERCIAL.

AMERICAN WHEAT RISE. By Telegraph—Press Assn.—Copyright. New York, April 16. Wheat prices at Chicago advanced five cents as the result of reports of the damage caused by the tornado and the Argentine crop estimates, which are 30 (million bushels below last year’s crop. A wild scramble to buy followed. THE WOOL MARKET. London, April 16. The New Zealand Loan and Mercantile Agency Company, Ltd., have received the following cablegram from their London house under date 15th inst.: Wool.—Average current London value of the undernoted descriptions of New Zealand greasy wool: Good merino 15d, medium db. 12%d, inferior do. 9%d, fine crossbred 13d, medium do. B%d, coarse do. (40's) 6d, cc rse do. (36's) 5%d. Sales closed. Tone of market better owing to more active Continental competition. As compared with prices at April 6, merino and fine crossbred and medium crossbred are about 5 per cent. dearer. NEWTON KING, LTD., REPORTS. At our Douglas sale on April 11, a moderate yarding met with fair enquiry, the bulk being cleared. Prices were unchanged. Weaner heifers brought £1 Bs, 3yr steers £4 2s 6d to £4 3s fid, store cows £1 9s to £1 12s fid, forward do. £2 2s to £2 6s. At Stony River on 12th inst. we report a full yarding, all classes, with the exception of grown steers, being represented. A steady demand kept up throughout, and little remained unsold, vendors meeting the market cheerfully, although prices did not show any improvement beyond late sale levels. The offering of weaners was good, enquiry for this dlass pointing mostly for Jersey cross heifers, several pens of those affording keen competition. Eighteenmonth cattle were not wanted, a pen of Shorthorn heifers being the only line sold of this age. Store and fair meaty cows in big numbers all sold at present ruling rates. Dairy cows and heifers for winter supply made fair values. Weaner steers 12s fid to £1 Is, yearling do. £2 2s to £2 ss, weaner heifers 15s to 28s, Jersey do. £2 16s to £4 16s, in-calf heifers £4 2s 6d, store cows £1 Is to £1 12s 6d, fresh conditioned do. £2 Is to ’£2 ss, dairy heifers £l6, springing cows £lO to £lO 15s, horse, gig and harness £5l. At Ohura, on the 14th inst., a good yarding of both sheep and cattle was offered, most of which sold. Enquiry was mostly local throughout. Two-tooth wethers 8s 6d to Ils 9d, 4 and 6-tooth do. 103 sd, f.m. ewes 9s, inferior do. 3s 9d, lambs 4s to 5s 6d, yearling steers £1 10s, 18-month do. £2 ss, 2%yr do. £3 9s to £3 15s, 3yr do. £5, springing heifer £7 10s, springing cow £l3 10s. At Waiwakaiho, on the 15th inst., we offered a good yarding, and report an improved toned sale. Prices did not advance to any extent, but bidding was brisk throughout, and the whole yarding sold under the hammer. Dairy cattle at profit much in demand, and this was the on’y class for which values strengthened compared with late sales. Lambs 5s 2d, 2 and 4-tooth wethers 12s Id, 2 and 4tooth ewes 9s 9d, s.tm. ewes 5s to 6s, aged do. 2s Bd, weaner, heifers 16s to 25s 6d, Jersey do. £2 16s, heifers r.w.b. £3, weaner steers 8s fid to 9s 6d, better grown do. 15s to 17s Cd, vealers £2 ss, fat cows £5 10s, store do. 14s 6d to 15s, fresh do. 23s to 295, boner bulls £1 5s to £1 12s 6d, dairy cows £lO 15s to £l4 10s, springing heifers £7 5s to £lO 15s. SALES AT INGLEWOOD. (From Our Own Correspondent.) Last Wednesday’s sale in the Farmers’ Co.op. yards at Inglewood was, to put it mildly, held under very adverse climatic conditions. Nevertheless there was a very fair attendance, and by no means a bad yarding of stock, and considering conditions generally a fair sale was held. Small mixed calves made from 6s to 15s, heifer weaners 20s to 30s, and ?Jersey weaner heifers up to £4 16s. A springing heifer sold for £7 ss, fat bullocks for £7 17s 6d, cows £5 10s, store lambs made Bs, and ewes in lamb 10s. At Newton King, Ltd.’s mart on Saturday a good number of pigs were offered, and sold at from 2s to 8s for weaners, 12s to 18s for slips, and 27s 6d for stores. Few poultry were penned. Fowls made Is 3d to 2s 3d, ducks 2s 6d. Bimu posts, seasoned, sold at Is sd. In the mart itself was a considerable display of various vegetables, fruit, and general sundries, for which buyers, at good prices, were readily obtained.

MARKET REPORTS. The Farmers’ Co-operative Organising Society of New Zealand, Ltd., (Hawera branch), report for the week ending April 16, 1921: At Stratford on Tuesday we had a good entry of sheep and cattle. Store cows were, slightly easier, b|4t calves showed a slight improvement. Lambs made from 7s t'o 9s 6d, fat wethers 15s Gd, forward do. to 12s 9d, f.m. ewes in lamb to b.f. rams 10s, fat cows to £5 10s, cull cows 20s to £2, 20-month steers to £2, 21-month mixed heifers in calf to £5 17s Gd, Jersey heifers (weaners) to £4 6s, others 30s to £2. On Wednesday, at Inglewood, we had a good entry of cattle and a fair yarding of sheep, Owing to the inclement weather Stock did not show to advantage, and the sale was dull and dragging. Prices:—F.M. ewes in lamfo to 10s, store cows from 30s to £2, fat cows £4 10s to £5 10s, in-calf two and a half yearold heifers to £5 17s 6d, Jersey weaner heifers £3 10s to £4 ss, others 20s to 30s, springing heifers near to profit £7 10s to £9.

On Friday, at Auroa, we had a large entry of cattle. Prices were on about a par with late rates. Lambs made from 7s to 7s Gd, wethers to 13s, bulls £2 to £3, fat cows £4 to £5 10s, forward cows to £3 ss, boners 20a to 30s, good Jersey weaners £4 to £4 17s Gd, other breeds from 15s to 355, slips ss, light porkers 15s. At Kakaramea, on Monday, we had only a small yarding. We quote: Fat cows (good) to £7 13s, boners 20s to 325, store pigs 15s 6d, small ditto to 8s 6d, weaners 3s, sows 25s to £2 4s.

On Wednesday, at Eltham, we had a fair yarding. Prices were: —Woolly lambs to 10s 4d, shorn medium ditto 7s lOd to 8s Id, store pigs 13s 6d to 16s Gd, small ditto 9s, forward cows to £3, boners £1 to £1 10s, bulls to £2 ss.

At Hawera on Thursday we had a full yarding of young and grown cattle, and a fair entry of sheep. The majority of the grown cattle consisted of forward and fat cows, and all of these were disposed of at improved rates. Bidding was fairly brisk throughout, and the whole of the entry was quitted before leaving the yards. We quote:—Fat cows to forward cows to £3 12s 6d, boners 27s to £2 2s, 2J-year steers (good condition) £5 10s, Shorthorn-Hol-stein springing heifers £6 17s 6d, bulls 20s to £2 17s, Jersey weaner heifers £2 18s to £3, others 15s to 355, steers Ils to 12s, fat ewes 9s 6d, f.m. ewes 2s to 5s 2d, store pigs to Ils Gd, small ditto to Bs, weaners 3s to 4s.

HAMILTON STOCK SALE. The Farmers’ Auctioneering Co., Ltd., report: —At Hamilton, on April 14, we had a full yarding of sheep and pigs. Beef showed an improvement on the previous week, and all was cleared. Steers realised from £lO 15s to £l2 5s for medium weights; fat cows £6 5s to £8; lighter weights £4 15s to £6; a line of store cows from the South were 2|-year steers, which ranged in price from £6 5e |q ,£1 ofr siaallar IQs to

fers. (same breed) were not in keen demand, making from £2 5s to £2 15s for the tops; smaller sorts 36s to £2 2s 6d; 20-month heifers in calf, small and in low condition, best making 20s to 28s, small 3s to 12s 6d; dairy cows, best up to £l5 10s, second quality £9 to £l2 10s, best heifers £lO to £l3, backward cows and heifers, £3 5s to £6 ss. Sheep were much on a par with last week’s quotations. Fat ewes made to 18s 7d, forward wethers to 15s, forward ewes 8s Gd to 12s. Pigs showed an improvement, and realised up to £4 19s for baconers, porkers from 30s to £2 15s, weaners 3s 6d to 12s 6d.