COMMERCIAL.

Taranaki Daily News, 7 May 1921, Page 2

COMMERCIAL.

LONDON MARKET. BUTTER POSITION UNFAVORABLE. By Telegraph.—Press Assn. —Copyright London, May 5. Moderate business is reported In wheat with Ann prices. Flour.—Better demand, Australian spot 66s to 66s 6d ex store. English oats, easier, Australian and New Zealand unchanged. Barley.—Firmer, Australian not offering. Beans and peas.—Quiet and. unchanged. Sugar.—Easier; granulated 665. There is good demand for apples and pears and prices are maintained. Colonial butter is absolutely at a standstill. Danish Is now obtainable here at 2OCs and likely to be lower next week. Retailers are selling it at 2s to 2s 2d. There is practically no demand in the north of England owing to the coal strike and the unemployment. Butter traders generally anticipate that a considerable reduction in prices is inevitable. It is estimated that the Government stocks here, afloat and unshipped amount to two million boxes. It will be hopeless to attempt to clear it unless the price is lowered sufficiently to stimulate demand by the working class, who cannot afford the present prices. There is good demand for cheese. Unemployment is causing many people to use it instead of meat.

SALE OF FREE WOOL. London, May 5. At the free wool sale there was a good selection of Merinos, particularly Queensland and Adelaide. The former sold very well to Germany and France at about 10 per cent above the opening rates. The Adelaide wool was taken by Yorkshire at 5 per cent above the opening rates. Other Merinos and crossbreds were firm and unchanged. Practically the whole catalogue was sold. The Bradford top-makers are adopting a firmer attitude and there is not much business; sixty-fours 39d to 40d, sixties 36d, fifties 28d, forty-sixes 14d.—Aus.-N*.Z. Cable FLOTATIONS DEFERRED. London, May 5. It is understood that the Government Is exercising pressure to prevent flotations until the Imperial Government’s 600 million conversion loan is completed. Many issues, including Australia, are held. LONDON METAL MARKET. London, May 5. Metal exchange statistics are as follow.: Stocks of tin 6338 tons, copper 19,305 tons, lead 18,127 tons, spelter 17,730 tons. AUSTRALIAN MARKETS. Melbourne, May 6. Hides. —At’ the sales values advanced a half-penny all round, and the tone of the market was much firmer. Barley.—English, 4s to 4s Cape, 3s to 3s 5%d. Oats.—Feeding, 2s 5d to 2s 7d; milling Bd. Maize, 5s Id. Potatoes, £4 to £5. Onions, £3 to £3 10s.

BURNSIDE SALE. Dunedin, May 4. There were good in all departments at Bumside to-day, and generally speaking, last week’s prices were maintained. Fat Cattle.—l 66 were yarded, which was sufficient for the demand. The quality was under the average, many of the animals being very plain, and some cases just forward stores. Although the quality of some few consignments of heifers was excellent, the demand, everything considered, was very fair and the entire yarding moved off at an average of 7s 6d per head lower than the previous week. Prime ox beef was worth approximately 35s per 1001 b, with plain sorts easier. Graziers were taking odd pens of forward steers at. about 20s per 1001 b, and cow beef brought from 19s to 225. Quotations: — Prime heavy bullocks made from £l7 to £2O 10s, prime £l4 to £l6, medium £ll to £l3 10s, light and unfinished £7 to £lO, prime heifers £ll 2s 6d, medium £7 10s to £9, light and aged £4 6s 10s. Fat Sheep.—2B6 were yarded, practically the whole of which were ewes and plain wethers, there only being an odd pen of good wethers. The tone of the market w T as rather better than last week taken all over and really prime stuff was worth 11s per head better than last week. Other sorts were about on a par with last sale's rates. Towards the close of the sale bidding slackened off considerably. Mutton was worth up to 3%d for prime wethers, and up to 3d for ewes. Prime wethers brought 22s 3d to 29s 6d, medium 17s to 21s, and light and unfinished 14s jo, i»rime heavy ewes sold at 19s to 24s 61, medium 15s 6d to 18s, light and aged from 10s 6d up.

Fat Lambs.—l92B were penned, the bulk of which was of fair quality. Exporters and butchers bid freely and the whole yarding was disposed of at the previous week’s rates, which were equal to 5%d to 5%d per ib. Values ranged from 14s to 21s. Store Cattle.—There were fewer store cattle yarded and tte market was again in a lifeless condition, graders showing no disposition whatever to stock up. Values lately have been very low and to-day’s sales showed no improvement whatever. Pigs.— A. medium yarding composed mostly of baconers. All classes met with good competition at prices on a par with last week’s rates. Porkers and baconers sold at 8d to B%d per lb. ADDINGTON MARKET. Christchurch, May 4. At Addington there were large yardings of all classes of fat stock. Beef eased in value, and ligiit mutton was a shade weaker. Fat lambs sold much better, and store sheep also met with an improved sale. Store Sheep.—There was a smaller yarding arid a much brighter demand, and a good clearing was effected. Good forward lambs, 9s to Ils 2d; fair wether lambs, 2s lid to ss; ewe lambs, 6s 6d to 10s 4d; forward 4 and 6-tooth wethers, 8s 9d to 12s; good 4 and 6-tooth ewes in lamb, 14s 3d to 19s; superior, 10s lOd to 12s 4d; good 4, 6 and 8-tooth ewes, 14s to 16s 2d; ordinary, 10s to Ils 6d; two-tooth ewes 10s to 13s.

Fat Lambs.—s6BB were penned. There was an active demand for freezers, prices averaging about 6 J 4d to 6%d. Extra prime lambs, 255; prime, 19s 3d to 22s 3d; medium, 17s to 19s; light, unfinished, 12s Id to 16s 3d.

Fat Sheep.—There was a big yarding, and prices were maintained, except for light ewe mutton, which was easier. Freezing buyers did not buy so freely as last week. Extra prime wethers, 255; prime, 18s 6d to 225; medium, 16s 9d to lss 3d; inferior light, Ils to 16s 3d; prime ewes, 15s to 16s; medium, 12s to 14s; lighter, 10s to Ils 9d; inferior, 6s to 9s 6d.

Fat Cattle.—There was an over-supply, and a drop in values of about 25s per bead. Extra prime steers, £2O 15s; prime, £l5 5s to £lB ss; medium, £lO 5s to £l4 ss; light, inferior, £7 17s 6d to £9 15s; extra prime heifers, £l'4 12s 6d to £l6 10s; prime, £9 to £ll 10s; light medium, £5 to £8 ss; extra prime cows, £l3 7s 6d to £l6; prime, £7 5s to £lO 12s 6d; inferior medium, £3 15s to £6 Store Cattle.—There was a spiritless sale. Eighteen-month steers, £3 to £4 12s; yearling steers, 32s 6d to £2 2s; two-year heifers, 32s 6d to £2 15s; cows, 20s to £2 15s.

Dairy Cattle.—There were slightly lower values. Third and fourth cal vers, £l3; good springing heifers, £9 to £l2 10s; superior heifers, £4 10s to £9; old cows, 15s to 355. Fat Pigs—An average sale. Choppers, £3 to £5 10s; baconers, £4 15s to £5 ss; heavy baconers, £5 10s to £5 15s; extra heavy, £6 to £6 8s (average price per lb 6d to 7%d) ; porkers, £2 15s to £3 ss; heavy porkers, £3 10s to £4 5s (average price per lb 9d to 9%d). ■

Store Pigs.—There was a much brisker dc- g mand. Medium stores, 35s to 445; small, 14s' 6d to 245; good weaners, 21s 6d to 15s; small, 10s to 12s.