COMMERCIAL.

Taranaki Daily News, 14 July 1921, Page 2

COMMERCIAL.

NEW ZEALAND LOAN. By Telegraph.—Press Assn-—Copyright. Landon, July 12. The New Zealand loan has reached one per cent, premium. LONDON WOOL SALES. London, July 11. There was a small attendance at the opening of the sixth scries of wool sales, at which 12,000 bales of Bawra wool were offered. Competition was slow, especially from the Home trade. The Continent took the bulk, the Ger'Dians being most active. Merinos showed a--5 to 10 per cent, decline compared with the last sales. Scoured was frequently withdrawn. A fair demand existed for finer crossbreds at par to 5 per cent, decline. Medium and law sorts were neglected at 7% to 10 per cent, decline. About a quarter of the total offerings were withdrawn. THE METALS (MARKET. London, July 11. Copper.—Spot £72 Ils 3d, three months £72 Ils 3d. Lead, £23 2s 6d and £23. Spelter, £26 17s 6d and £27 7s 6d. Tin, £166 2s 6d and £l6B 12s 6d. Silver, 36%d per ounce. FALL IN AMERICAN EXCHANGE. London, July 11. The fall on the New York exchange was not unexpected, though the amount was greater than anticipated. It is attributed to the autumn grain, cotton, and other seasonal requirements from America. NEW TREASURY BONDS. London, July 12. Discussion is proceeding between the Treasury and the Stock Exchange relating to the former's desire not to permit Stock Exchange dealings in new Treasury bonds, the prospectus of which has now been issued. It is expected dealings will be permitted after July 26, closing date of conversions. MELBOURNE WOOL SALES. Melbourne, July 13. At, the wool sales there was good general competition, but prices showed a distinctly easier tendency. Crossbreds were in better deunand, and all offered were cleared. NEWTON KING, LTD., REPORTS. At Douglas on July 4 a moderate yarding was cleared at prices mostly In advance of late rates. Sheep and yearling steers and heifers stowed most improvement. Ewes in lamb 17s 6d, lambs Ils 6d; store cows £2, £2 2s fid, £2 10s; weaner heifers 255, 395; weaner steers 17s, 19s, 265; in-calf heifers £4 10s; fat cows £6 ss.

At Stony River on the sth Inst, yearlings strengthened considerably in values, and there was also a brisk demand for good early calving heifers. Other classes at late rates. Store pigs 32s 6d; weaner do 5s 6d, 7s 6d; store cows 20s; empty heifers £4 12s; weaner sters 225, 275, 28s; weaner heifers 21s, 25s‘; better quality do £2 15s, £3 9s; Jersey do £4 15s, £6 103; springing heifers £ll 15s', £l2 10s, £l3 15s; backward sorts £7 10s, £9 10s.

At Waiwakaiho on July 7 enquiry was of a dragging nature in the store pens, whilst a brisk and good sale was met with in the dairy section. In the latter the yarding was good, including two small herds, and everything sold. Launbs 12s; weaner steers 22s «d; weaner heifers 265; store cows 20s, 31s, fresh conditioned do £2 15s; Jersey bull £9; dairy coWs, backward and Inferior £7 10s, £B, £9, better sorts £l2, £l2 10s, £l4 10s, quality Jersey do up to £26 10s.

We have conducted the following clearing sales and report as under: — Xt Inglewood on July 4, on account of Mr. G. Bennett, although the weather was by no means Favorable, buyers attended in strong numbers and a satisfactory clearance was made. The herd, which contained a big percentage of Jerseys, sold for the most part between £l2 and £2O; Jersey cross yearling teifers £2 16s; yearling pedigree Jersey bull, 18 guineas; yearling steer, 255. At Hillsborough on the sth Inst., on account of Mr. J. B. March, the attendance was large and competition very brisk throughout, a most satisfactory clearance the result. The herd was an old established one and contained some very nice types of dairy cattle (a fair sprinkling of Jerseys), which sold mostly between £l2 and £2O, some extra good Jerseys selling to £25; yearling Jersey heifers £6 4s; well-bred pedigree Jersey bull 45 guineas; and a large range of implements, etc., at full market values.

At Stony River on the 6th inat., on account of Messrs. Bates and Kimber, the sale was keenly contested throughout. The cows were a good lot in splendid condition, averaging £l5; good Jerseys selling to £22; Jersey cross £l5 to £2O; best quality Shorthorns and Holsteins £l2 to £l6 10s; backward do £8 to £10; well-grown mixed yearling heifers £2 6s; yearling steers 28s; store pigs 15s 6d to 26s 6d; sows, in farrow, £2 15s to £4; 5-year gelding £37 10s; lighter do £18; excellent sale for implements and sundries. At Awatuna on the 7th Inst., on account of Mr. C. H. Silby, the attendance of buyers was good, and bidding on implements, etc., especially keen. The cows, nil Friesians, although a shade low in condition, averaged very well, the best selling from £l3 to £18; weaner heifers £2 12s; good farm horses £27 10s to £33. On account of other vendors good 3-year-old heifers, at profit, £l4 ICs; yearling heifers £2 IDs. At Tuna on the same day, on account of Mr. W. Forbes, we report a very good clearance. Best cows sold from £l2 to £18; yearling heifers , £3 9s; small store pigs 10s; sows £2; farm mare £23. WAIKATO MARKET. Beef.—The market is fairly steady at late values. There is a scarcity of prime beef in the Waikato, but this appears to be counteracted by plentiful supiies In other districts. A much keener demand was anticipated than at present exists. Mutton.—The market Is still advancing and indications point towards continuance. Store Cattle.—Tempted no doubt by the better reception accorded, store cattle have come forward in much greater quantity and practically everything that is submitted changes hands. Intending buyers seem this year more inclined to pause and consider the general situation and outlook, and to base their calculates for purchase more on the realities of last season than on unwarranted optimism regarding the next. It. is to be hoped that this safeguard will not be abandoned. Forward bullocks and cows remain about recent quotations. Two year empty heifers are in brisk demand with few offering. Steers of the same age though not equally in favor are steadily Improving. Calves and yearlings have shown a more rapid increase than any other class, good heifer calves especially inducing strong competition. Store Sheep.—All classes are in strong demand and advancing steadily. Forward wethers and ewes are keeping pace with the finished article. Ewes in lamb, which a few weeks ago were neglected, have suddenly assumed marked prominence. There Is just a danger, however, of popularity overrunning good judgment. Lambs are steady at rates lately quoted. Dairy cattle are still the subject of strong enquiry with values somewhat higher. Most of the good lines of fully matured heifers have been disposed of and it is difficult satisfy the present demand. Pigs.—Owing no doubt to short supplies the market has considerably advanced for all classes, buconers and porkers making up to lOd per lb. Slips and weaners are also keenly competed for. Horses.—There Is not so far a very strong demand, but no doubt another month will witness improvement.