COMMERCIAL.
THE WOOL MARKET.
ADVANCE AT LONDON SALES.
By Telegraph.—Press Assn.—Copyright. London, May 12. The London wool sales closed with the Bawra catalogue. Buj'ers were in excellent attendance throughout, especially Continental. France and Belgium were helped by the appreciation of the franc. In merinos the Continent was active, particularly France and Germany. Greasy clothing was 20 per cent, above April. The advance was most marked in broken wool and pieces, which sometimes advanced 25 per cent. Average scoured was keenly competed for by the Continent, and advanced 15 per cent. The crossbred offerings were comparatively small. The Continent competed for fine and medium at 10 to 15 per cent, advance. Low sorts were firm, and were taken for the Home trade. Scoured, chiefly Bawras, were frequently withdrawn owing to the high reserves. Slipes, a poor selection, were generally withdrawn. A few lots of merino lambs shared the general advance to the extent of 10 to 15 per cent. There were catalogued 75,407 bales, of which 8991 bales were New Zealand. About 90 per cent, were sold. The New Zealand JF clip brought lO’/fcd top price, 9%d average. Bradford Wool.—Better inquiry, actual business small, quotations slightly harder.
MELBOURNE WOOL SALES.
MARKET CLOSES FIRM.
Melbourne, May 13 The wool sales have concluded. All sections operated freely and competition was keener tlian, on the opening day, the market closing at the highest point of the series. It is argued that if the present strong Continental bidding is sustained it will go far to ensure the clearing of much of the faulty wool that remains.
LONDON MARKETS.
London, May 12. Colonial butter is still neglected. Danish is slightly firmer at 194 s to 196 s as arrivals have been reduced. A fair quantity is going to Germany. Cheese.—ln fair demafid, white New Zealand 138 s to 140 s; Australian 1365; colored New Zealand 1563 to 158 s; Australian 1545. Wheat.—Dull and inactive. Flour.—Quiet; Australian on spot 66s to 67s ex store. Oats.— easier, Australian ex quay 325. Barley,—Quiet, Australian not offering. Peas and beans.—Quiet and unchanged. Sugar.—Weak. Granulated 625.
AUSTRALIAN MARKETS.
Melbourne, May 13. Hides.—Sales: Large catalogues were offered. The market was firmer and values advanced a farthing. Barley.—English, 4s to 4%d; Cape, 3s to 3s 6d. Oats.—Milling 2s Bd, feeding 2s 5d to 2s 7d. Maize.—ss. Potatoes. —£4 to £5 10s. Ouions. — £3 to £3 ss.
BURNSIDE MARKET.
Dunedin, May 11. All classes of fat stock were well represented at the Burnside sales to-day. Th« standard of quality of the sheep offered was not very high, but notwithstanding this, prices were firmer generally, best sheep being fully 2s a. head better than at last sale. Fat. cattle, lambs', and also pigs sold at the prices lately ruling.
Fat Cattle. —Good yarding of medium quality, a total of 197 head being offered for sale. The sale opened with fair competition at prices equal to late rates. Unfinished sorts were easier. Prime beef barely touched 32s 6d per 1001 b. Prime bullocks realised from £l7 10s to £2O 10s, medium £l3 to £l6 10s, light and unfinished sorts, from £9 upwards. Prime heifers realised from £l3 to £l5, medium £!) to £l2, light and aged, from £6 10s upwards. Store Cattle.—A fair yarding. Among the number penned were some well-bred and
ferwafd three and four-year-old steers. For this class of animal competition was somewhat better than of late, but for young and backward-conditioned cattle competition showed no improvement. For axtra good and wellbred steers, up to £8 10s was realised. Fat Sheep.—A large yarding, 3624 being petnned. The quality in most cases was medium. Prices for prime wethers and ewes, showed an advance of 2s a head compared with last week's rates, prime wether mutton being worth 3%d to 4d per lb, and ewe in the vicinity of 3d. Extra prime wethers made up to 30s 6d, prime 24s to 265, medium 18s to 20s, inferior 14s to 15s Gd. Best ewes made 18s to 20s, medium 12s 6d to 14s, inferior 9s to Ils. Fat Lambs.—A large yarding, 2328 being penned. The quality was better than that at the previous week’s sale. Prices consequently showed an advance of from Is to 2s a head. The demand was keen. Best lambs made 19s to 21s, extra 25s (equal to 6d per lb), medium 16s to 17s 6d, inferior 7s to Ils.
Pigs.— A. good yarding, composed mostly of baconers. All met with good Competition at prices well up to late rates. The market closed very firm, values being equal to B%d to B%d per lb. ADDINGTON”MARKET.
Christchurch, May 11. At the Addington market there were big yardings of all classes of stock. Prices were well maintained, except for beef, of which there was an over-supply. Lambs were firm. The detailed report is as follows: Stor Sheep.—An average yarding and healthier tone, particularly for forward wethers. Good forward lambs made »s to Ils, fair wether lambs 6s to 8s Gd, cull 3s 9d to 5s 3d, ewes 11s 6d. Forward 4 and 6-tooth wethers made 12s 6d to 14s 7d; ordinary 9s 6d to 12s 3d. Good 4 and 6-tooth ewes, In lamh, made 14s 3d to 17s, inferior 9s lOd to 13s 9d. Two-tooth ewes made Ils to 12s 9d.
Fat Lambs.—sl9B yarded. Competition was keen, and prices were slightly improved, averaging 6%d to 6 5-8 d per lb. Extra prime lambs made 24s lOd, prime 19s 6d to 22s Qd, medium 17s 3d to 19s, light 12s 4d to 16s 9d. Fat Sheep.—A big yarding. Freezers operated most actively, and a shade better sale resulted. Extra prime wethers made 25s 3d, prime 18s 9d to 225, medium 16s 9d to 18s 6d, inferior light 12s to 16s Gd. Prime ewes made 15s to 16s 9d, medium 12s to 14s 9d, lighter 10s to Ils 9d, inferior 8s Gd to 9s 9d. Fat Cattle.—An exceptional yarding—4Bo head—and an easing in values, particularly for lighter beef. Prime steers made £l5 to £l9 17s 6d, medium £lO 5s to £l4 15s, light inferior £5 7s 6d to £9 15s. Prime heifers made to £l3 15s, light medium £3 12s 6d to £8 ss. Prime cows made £7 5s to £ll 7s 6d, light medium £3 10s to £6 10s.
Vealers.—Sale was slow. Runners made £4 Ts 6d, good vealers £2 17s 6d to £3 2s 2d, medium calves £1 5s to £2 10s, small calves 5s to 17s 6d. Store Cattle.—A large entry: weak demand. Three-year steers made £5 2s 6d, two-year mixed sexes £2 7s 6d.
Dairy Cattle.—Third cal vers made £2O, springing heifers £9 to £l2 15s, good cows £9i Fat Pigs.—The entry included an oversupply of porkers, which were weaker in price by %d to Id per lb. Choppers made £3 to £5 2s 6d, light baconers £4 12s Gd to £5 ss, heavy £5 7s 6d to £5 15s, extra heavy £6 to £6 7s 6d, average price 6%d to 8d per lb. Heavy porkers made £3 10s to £4 ss, light £2 12s 6d to £3 17s 6d, average price per lb Bi&d to 9d. Store Pigs.—Medium matje 32s 6d to 42s 6d, small 14s to 28s Gd, good weaners 12s 6d to 16s Gd.
LOAN AND MERCANTILE REPORT.
The New Zealand Loan and Mercantile Agency Co., Ltd., report as follows: The yarding at Matau on the 6th inst., was only a. fair one, chiefly sheep, and i.c. heifers, which sold at full market rates. Prices: M.s. lambs (small) 2s 9d, f.m. ewes Bs, 4 and 6-tooth wethers, forward ISs lOd, 2% i.c. heifers £7 10s. We had a good yarding of sheep at Stratford on the 10th inst., chiefly back country stock, which was all disposed of under the hammer. Prices: Lambs 4s 7d to 4s 9d, small 2-tooth ewes 5s 7d, mixed age ewes r.w.r. 4s 6d, 4 and 6-tooth wethers forward 16s, 20-month bulls 7s 6d to £l, store cows £1 to £1 10s.
(Private Sales.—Market very quiet, sales have been made, 2%-year i.c. heifers £7 15s to £9, dairy herd £l4 15s (pick 20 of 22), 4-tooth ewes 13s 6d to 14s, 2-tooth wethers 9s Gd, 2 and 4-tooth do Ils 6d, 2%year steers £4 2s Gd, m.s. lambs Bs.
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Taranaki Daily News, 14 May 1921, Page 2
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1,371COMMERCIAL. Taranaki Daily News, 14 May 1921, Page 2
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