COMMERCIAL.

Taranaki Daily News, 10 May 1921, Page 2

COMMERCIAL.

LONDON MARKETS.

By Telegraph.—Press Assn. —Copyright. London, May 7. Copra.—£touth Sea bagged May-July delivery nominal at £2B 10s per ton. Jute.—May-Juno £33. Hemp.—New Zealand April-June shipment £4O. Rubber. —Fine hard Para 10%d per lb., plantation first latex crepe 10%d, smoked ribbed sheet 9%d.

CANADIAN PACIFIC RAILWAY.

New York, May 7. The Herald announces that the Canadian Pacific 'Railway has closed a deal to market 50 million dollars’ worth of 15-year bonds bearing interest at 6% per cent, in the United States. This is the largest ‘C.P.R. oflering made in this country, and will suffice for Canadian requirements for many years. HIGH COMMISSIONER'S REPORT. The Department of Agriculture has received the following cablegram, dated May 4, from the High Commissioner for New Zealand, London : "Wool sales commenced yesterday with offering 100,055 bales free wool, of which 682 bales were New Zealand, balance principally Australian. Large attendance buyers, and, with good competition from Home and Continent, bulk offering sold. Compared with closing rates last series, merinos 5 per cent, dearer on average (quotation last series 6064's Is to Is 2d. per lb). Fine crossbreds slightly dearer; others, unchanged. Bawra sales to-day and to-morrow. Limit in accordance with Melbourne resolution not having been fixed in time for present series, it has been decided to offer Bawra wool at limit approximately equal to closing prices of April series. Closing prices April series were: 60-64’s, merino, Is to Is 2d per lb; ,56's, super half-bred, ll%d to Is Id per lb; half-ored, 9%d to lid per lb; 48’s, fine crossbreds, 8d to lOd per lb; 44-46’s, medium crossbreds, 6%d to B%d per lb; 36-40’s, coarse crossbreds, 5d to 6%d per lb." F.C.O.S. MARKET REPORT. The Farmers’ Co-operative Organisation Society of N.Z., Ltd. (Hawera) report as Arnows for the week ended May 7, 1921: At Opunake on Monday we had a full yarding of all classes of stock. Grown cattle sold well, and were all cleared at auction, but the weaners were hard to quit. We quote:—Dairy heifers £8 15s, good conditioned cows £3 10s to £3 15s, store cows 15s to £1 Is, better sorts 35s to £2 10s, weaner heifers (mixed breeds) £1 17s to £2 17s. On Tuesday, at Manaia, we had a large yarding of cattle, the whole being sold under the hammer. . Buyers were in attendance, and bidding was fairly brisk throughout. Store pigs brought 16s Gd, goods lambs to 11s Bd, fat cows £5 17s to £6 Ils, fresh conditioned do. £1 17s 6d to £2 10s, store cows £1 to £1 7s 6d, bulls £1 10s, Jersey cross heifers £2 10s. At Eltham on Tuesday we report a full yarding of all classes of stock. There was a fairly keen demand for cows, and practically the whole yarding changed hands before we left the yards. Fat cows brought £5 5s to £5 15s, fresh conditioned cows £3 10s, store do. 17s 6d to £1 ss, Jersey weaner heifers £4 10s, dairy heifers to £l2, store lambs 6s 6d to 8s 6d, f.un. ewes in lamb 7s 6d. On the sth instant, at Hawera, we report a full yarding of both steep and cattle. There was a slight improvement in the market, and the whole yarding was sold. We quote: Fat wethers 17s 6d, 4-tooth wethers to 13s, 4 and 6-tooth do. to 13s Bd, 4-tooth ewes in lamb to B.L. rams 11s, fat lambs 10s Bd, good lambs 8s 3d, others to 4s 9d, 3%-year fat bullocks to £B, 3%-year bullocks £5 17s 6d to £6 10s, fat maiden heifers £7 12s, best cows to £6 10s, good conditioned cows £3 to £3 10s, lighter sorts to 30s, store do. (light) 15s to £1 Is, weaner heifers, Jersey cross, £3 12s; others to 30s, weaner steers to 10s 6d, dairy heifers to £ll.

On Friday, at Waverley, we had a small yarding. Stock was dull of sale, and very little changed bands. Store pigs brought 10s to 10s 6d, store lambs 5s lOd, empty ewes in good condition 9s 6d, dairy heifers £ll ss. WAIKATO STOCK MARKET. The Farmers’ Co-op. Auctioneering Co., Ltd., report:—At Hamilton on Thursday, May 5, we had a large entry of both cattle and sheep, with pigs in average numbers. Beef was easier than last week. Best cows (made £lO, second quality £5 to £6 10s, store cattle were much on a par with late rates although competition was brisker. Forward rough £3 10s to £4 10s, store cows 10s to 30s, 18-month steers 33s to £2 15s, heifer calves 255. The sheep pens were well filled and sold under better competition especially in the forward classes. Fat wethers 19s to 20s 6d, lighter sorts 16s 9d to 18s, forward wethers 12s to 14s, small 10s to 10s 9d, fat ewes 15s to 17s Id, forward ewes 14s, ewes in lamb (fair) , 10s, small and low conditioned 6s 3d, best lambs of which good numbers were yarded, made from 9s 9d to 14s, medium 6s to 7s, small 3s 6d to ss. Pigs showed an improvement on last week’s rates, baconers making from £3 5s to £5, porkers 35s to £2 10s, slips 15s to 255, weaners 6s to 12s 6d. Best dairy cows made from £l2 to £l4 ss, second quality £7 to £lO.