COMMERCIAL.

Taranaki Daily News, 30 April 1921, Page 2

COMMERCIAL.

DISPOSAL OF WHEAT

PURCHASE FROM FARMERS.

By Telegraph.—Press Association. AshWurton, Last Night. A statement regarding the purchase of wheat from farmers was made by the Hon. W. Nosworthy (Minister of Agriculture) today. The Minister, speaking in regard to the concern evinced regarding tte wheat which cannot be taken by the millers at present, said farmers would now be afforded relief, as he had approved a. scheme enabling the wheat control officers to take all good milling wheat from the and pay for same as delivery was approved' stores. Full instructions hadf been issu&d to registered brokers, and the scheme wasi now operating, though difficulties encountered explained any delay which had occurred in formulating satisfactory arrangements to deal with the position which had arisen.

THE WOOLLEN TRADE.

BAD CONDITIONS AT BRADFORD.

Melbourne, April 29.

Mr. Billyard Leake, who is on a visit to Australia to inspect his sheep station, expressed dissatisfaction concerning the commercial prospects of Great Britain. He stated that the Bradford woollen industry was deeply Involved in large numbers of broken American contracts. The general complaint among Bradford mill-owners was that American firms had no compunction in cancelling important orders, and all European customers endeavored to compromise when it came to payment. As a result the full amounts were seldom collected, and. suppliers were sometimes forced to accept 40 per cent, of the original contracted price. Most mills were a losing proposition, as they were working only eighteen hours weekly.

Mr. Billyard Leake’s son commanded the Iphigenia at the storming of Zeebrugge.— Aus.-N.Z. Cable Assn.

HIGH COMMISSIONER’S CABLED REPORT

The Department of Agriculture has received the following cablegram, dated April 23, from the High Commissioner for New Zealand, London :—■

MEAT.

Meat.—Market dull, small demand for all descriptions, and prices lower. Quotation^: — English mutton, April 23, Is 5%d, April 9, Is 6d; English lamb, April 23, 2s o%d, April 9, 2s 3d; Scotch mutton, April 23, Is 7d; Argentine chilled beef, hinds, April 23, 10%d; April 9, Is, fores, April 23, April 9,7 d; N.Z. ox beef, hinds, April 23, 6%d, April 16, 6d to 6%d, April 9, 6%d, forc-s, ApriJ 23, 3%d, April 16, 4d to sd, April 9, 4%d. No demand for inferior quality and cow beef.

Very little free New Zealand mutton on market. Quotations: Light-weight: April 23, B%d, April 16, 8%.d to 9d, April 9, B%d to 9d; heavy-weight, April 23, Bd, April 16, B%d, April 9, 8 3-Bd. .

N.Z. lamb from America: April 23, Is Id, April 16, Is os£d to is Id, April 9, Is Id. Very little free lamb available: April 23, Is 2d; April 16, Is 2d to Is 3d, April 9, Is 2d to Is 3d.

BUTTER.

Butter.—Less demand owing to forward purchases last week on account of possible transport strike.

Danish: Quiet at reduced price, £.12 6s to £l3 10s (2s 3’4d to 2s 4%d lb) ; quotation April 16, £l3 6s to £l4 2s (2s 5%d to 2s 6d lb) ; quotation April 9, £l4 4s to £l4 10s (2s to ,2s 7d lb). Expect price to further decline in a few weeks.

The price of Government butter has been revised, April 22 to May 5. New Zealand first and second grade, £l3 2s per cwt (2s 4d per lb) ; Australian, £l2 10s per cwt (2s 3d per lb) ; Argentine, £ll 6s per cwt (2s per lb) J New Zealand, whey, £ll 12s per cwt 2s o%d per lb) ; Australian, third grade, £ll per cwt (Is U%d per lb). , Official quotations are:—

New Zealand: April 23, £l3 5s to £l3 10s per cwt (2s 4 x 4d to 2s 4%d) ; April 16, £l3 6s to £l3 10s per cwt (2s to 2s 1 4%d per lb) ; April 9, £l3 6s to £l3 10s (2s 4%d to 2s 4%d per lb). Australian: April 23, £l2 13s to £l2 18s (2s 3d to 2s 3%d per lb) ; April 16, £l2 8s to £l2 12s (2s 2%d to 2s 3d per lb) ; April 9, £l2 8s to £l2 12s (2s 2%d to 2s 3d per jib).

Argentine: April 23, £ll 4s to £ll 18siper cwt (2s to 2s l%d per lb) ; April 16, £l2 2s to £l2 12s per cwt (2s l%d to 2s 3d per lb) ; April 9, £l2 4s to £l2 12s per cwt (2s 2|s,d to 2s 3d per lb).

English: April 23, £l5 18s per cwt (2s lOd per lb); April 16, £l6 c6s per cwt (3s per lb); April 9, £l7 5s per cwt (3s o%d per lb). Irish (new). —April 23, £l3 10s to £l4 per cwt (2s 4%d to 2s 6d per lb) ; April 16, £l4 10s to £l4 15s (2s 7d to 2s 7%d per lb) ; April 9, £l5 10s (2s 9%d lb). CHEESE. Cheese.—-Market firm with a moderate demand. English, £7 to £9 per cwt (13 3d to i* dm lb). Other quotations:—

White. Canadian: April 23, £-7-10s to £7 14s per cwt, Is 4d to Is. 4%d per lb; April 16, £7 4s to £7 18s per cwt, Is 3%d to Is 3%d per lb; April 9, £7 6s to £7 18s per cwt. Is 3%d to Is 4%d per lb.

New Zealand: April 23, £6 14s to £7 2s per cwt, Is 2»4d to Is 3d per lb; April 16, £6 14s to £7 2s per cwt, Is 2%d to Is 3d per lb; April 9, £6 16s to £7 2s per cwt, Is to Is 3d per lb.

Australian: April 23, £6 14s to £6 18s per cwt, IS 2*4d to Is 2%d per lb; April 16, £6 14s to £7 per cwt. Is 2%d to Is 3d per lb; April 9, £6 16s to £7 per cwt, Is 2%d to Is 3d per lb.

Colored. Canadian: April 23, £8 to £8 2s per cwt, Is 5d per lb; April 16, £8 to £8 2s per cwt. Is 5d per lb; April 9, £7 18s to £8 4s per cwt. Is 4%d to Is 5%d per lb. New Zealand: April 23, £7 16s to £8 2s per cwt, Is 4%d to Is 5d per lb; April 16, £7 18s to £8 2s per cwt, Is 4%d to Is 59 per lb; April 9, £7 16s to £8 2s per cwt, Is to Is 5d per lb.

Australian: April 23, £7 14s to £7 18s per cwt. Is 4%d to Is 4%d per lb; April 16, £7 14s to . £.7 18s per cwt., Is 4%d to Is 4%d per lb. April 9, £7 14s to £7 18s, Is 4%d to Is 4%d per lb.

Price for white expected to be maintained, but reduction'* in case of colored, with increased supplies and Canadian colored shipment by first steamer, being offered at £6 12s to £6 14s per cwt (Is 2d per lb) c.i.f.

CASEIN.

Casein.—Market continues weak, and prices declining. Nominal quotations are:— Argentine, lactic, April'23 £57 per ton, April 9, £57 per ton; English, rennet, April 28 £B3 per ton; French, rennet, April 23 £7O per ton, Apr J 9, £B9 per ton; N.Z. and Australian rennet, - inll 23 £63 12s per ton, April 9 £63 12s 6d per ton.

But sellers are asking for offers.

WOOL.

Wool: Bradford market had improved tone this week. Export of tops and yarn to America’ helped to clear spinners' stocks, and with slight movement of piece goods, position is better. Tops: Prices are firmer:—

64’s (Merino), April 23 3s per lb, April i 3s 4d per lb; 56’s (halfbred), April 23 2s 3d per lb, April 2 2s 5d per lb; 40’s (coarse crossbred, prepared), April 23 Is pqr lb, April 2 Is 2%d per lb.

HONEY.

Honey.—Market very dull. Value of first grade New Zealand, about 70s to 80s per cwt .(7d to B%d per lb) for really White. Low grade is abundant, but not in demand. Value about 40s per cwt (4%d per lb). Note.—New Zealand beef referred to will be old season's, probably depreciated by storagA apd handling.

ADDINGTON MARKET.

A HEALTHIER TONE.

Cllristchureh, April 27.

At Addington a healthier tone prevailed. Beef and store sheep advanced in value, aud fat lambs and mutton met freer sale.

Store Sheep.—There was a smaller yarding and a much better sale, values appreciating up to 3s per head. Good forward lambs, 8s to Ils 6d, fair wetter lambs 6s 8d to 7s Gd, cull lambs 3s to 5s 6d, good halfbred ewe lambs 15s, cull ewe 6s 9d, forward 4,6, and 8-tooth wethers 12s 9d to 14s 3d, ordinary ditto 9s to Ils fed, inferior wethers 8s to 9s, good 4 and 6-toqth ewes In lamb 14s 9d to 10s lOd, fair ditto 12s to 13s lid, falJingmouthed ewes 5s 7d to 9S.

Fat Lambs.—A total of 4300 was yarded, and there was a spirited sale, the bulk realising 5%d, and in some cases 6d. Prime lambs 18s 9d to 21s, medium 16s 6d to 18s 6d, light unfinished Ils 6d to 16s.

Fat’ Sheep.—there was a bigger yarding,, but a firmer sale, freezing buyers operating more freely for wether mutton, paying up to 19s. Extra prime wethers 25s 3d, prime 19s to 23s 3d, medium, 16a 9d to 18s 9d, inferior 10s 6d to 16s 3d, prime ewes 16s to 17s 6d, medium 12s 6d to 15s 9d, lighter 10s to 12s 3d, inferior 6s to 9s 9d.

Fat Cattle.—A much better sale, values firming up for prime beef by 30s to 40s a head. Extra, prime steers £l9 5s to £2l 15s, prime £lss £lB 17a 6d, medium, £lO 10s to' £l4 17s 6d, inferior steers £6 to £lO, prime heifers £9 to £l2 17s 6d, Inferior £5 to £B, prime cows £7 15s to £lO, ordinary £4 to £7 10s.

Vealers.-r-A firmer demand. Runners £4 ss, good vealers £3 12s 6d, medium calves 25s to £2 7s 6d, small 5s to 20s.

Store Cattle.—A poor yarding, and little quotable. Eighteen months to two-year-old steers £3 17s 6d, old cows 15s to £4, calves 15s. Dairy Cattle.—A big entry and good demand for cows close to profit. Extra good young cows £22, third and fourth calvers springing £7 to £l9, cows in milk £2 to £6, aged cows £1 to £3 10s.

Fat Pigs.—There was an over-supply of porkers, and a decline in values. Choppers £6, light baconers £4 10s to £5 10s, extraheavy £6 12s 6d (average price per lb 7%d to porkers £2 15s to £3, heavy porkers £3 5s to £3 15s (average price per lb 9d to 10%d). Store Pigs.—A large entry and moderate demand. Medium stores 40s to 50g, small 30s to 40s, weaners 7s to 13s, small we&ners 4s to 7s.

BURNSIDE SALE.

PRICES SHOW SLIGHT ADVANCE.

Dunedin, April 27.

There were good yardings at Burnside to-day, the. fat stock departments being specially well supplied. There was a decided better tone in the market and prices showed a slight advance on last week’s sale.

Fat Cattle.—2l9 yarded, of only fair quality, a large proportion of the animals brought forward being unfinished. Competition was fairlj' good at the commencement of the sale, and prices showed an advance of approximately 20s a bead, but the sale closed with prices on a par witli last week. Prime ox beef was worth up to 35s per lOOlbs at the opening, and receded to 80s at the close. Cow beef realised from 22s to 255. Quota-* tiohs: Extra prime bullocks to £2l 17s 6d, prime £l5 to £lB, medium £ld 10s to £l3, 15s, light and unfinished £6 to £9, prime cows, heifers £ll to £l3 10s, medium £7 10s to £9, others £4 to £6.

Store Cattle,—A moderate yarding, comprised mostly of young and inferibr sorts. Competition was particularly lifeless, and with poor prospects for winter feed graziers showed no inclination whatever to stock up. Value were, if anything, even lower than the very low rates ruling lately, the only exception being good three-year-old Hereford steers, which made from £7 2s 6d to £B' 2s 3d. Year and a half Ayrshire cross steers made 31s. Dairy heifers were not in much demand at £6 10s.

Fat Sheep.—2943 were yarded, the quality on the whole being fair, medium-class ewes, however, predominating. Prime heavy sheep appreciated in value compared with last sale. There was a good demand throughout, and values improved to the extent of Is per head. Prime wether mutton was up to 3%d, and ewe up t(f 2%d, and a fraction more in some cases. Quotations.: Extra prime wethers, up to 29s 6d, prime 22s 6d to 265, medium 17s to 21s, light 14s to 16s, extra prime ewes, to 22s 9d, prime 17s to 20s_. medium 12s 6d to 16s, old and inferior 4s to 10s.

Fat Lambs.-—1960 were penned, which was a fairly large entry. The quality generally was better than last sale. Owing, perhaps, to the previous week’s yarding not killing out up to expectations, demand was slack and .export operators were cautious. Clearances were effected at rates on a par with last sales’ limits, but, considering the Improved quality, buyers secured cheaper meat by Is a head, prime lamb being worth in the vicinity of 5%d. Values per head ranged from 12s 6d to 23s 6d.

Pigs.—A large yarding and a full supply of both baconers and porkers, the major portion being good baconers. For such a large yarding the demand kept up well, porkers realised values equal to last week’s rates, while baconers mei with a firm sale. The ruling price per lb for prime was from 8d to 8&d,