COMMERCIAL.

Taranaki Daily News, 16 July 1921, Page 2

COMMERCIAL.

AUSTRALIAN WHEAT FREIGHTS. By T.legraph,—Press Assn.— CopyrisUt. London, July 14. Owing to the dearth of early tonnage a sharp rise occurred in Australian wheat freights, 67ft 6d being paid tot an August Bteamer. September loadings are quoted at 63s 9d, with tonnage difficult, to obtain at this figure. AUSTRALIAN MARKETS. Melbourne, July 15. Barley.—English, 4s 6d to 4b 7d; Cape, 3s Bd. i Oats. —2s 8d to 2s 9d. Potatoes.—£2 19s to £5 ss. Onions.—'£3 10a to £4. MELBOURNE WOOL SALES. Melbourne, July 15. The closing day of July series of wool sales showed no change in the level of values, though competition was fair throughout. B.A.W.RiA. has arranged the following allot; ment for the month of August: One hundred and fifty thousand bales, excluding 44,009 bales passed In at previous auctions; also 7-5,000 bales for the month of September. AUSTRALIA’S SURPLUS OE JAM. Melbourne, July 15. In consequence of the insecurity of /he markets abroad the jam industry Is in a serious position. The surplus stocks of fruit pulp Ih Australia is estimated at 17,000 tons, whilst half a million cases, each 701 b in weight, are stored in the warehouses. MELBOURNE "mi&FMARKET. Received July 15, 5.5 p.m. Melbourne, July 15. The hide market is dull, except for special stouts and special kips. All sorts declined fully a balf-penny.

PRICES AT WESTFIELD. BKKF DECLINES ABOUT 23. MUTTON ALSO SLIGHTLY LOWER. Beef prices at the Westfield fat stock market on Wednesday showed a decline of about 2s per 1001 b, compared with the previous week’s rates. The quality of the cattle offered was- excellent, and the demand for all classes was well maintained. Extra choice ox realised £ 1 17s per 1001 b., choice . and prime £1 Ils to £1 15s, ordinary and plain £1 7s 6d to £1 108. Cow and heifer beef brought from £1 5s to £1 10s per 1001 b. . Mutton prices were also slightly easier than at last week’s sales, though the drop In values was not pronounced. Wethers fetched from 17s to £1 8s; ewes, 15s 6d to £1 Is; lambs, 14s to £1 5s 9d.

There was a good demand for pigs, last week’s values being maintained. Choppers and baconers realised from £4 16s to £6 18s.

ADDINGTON STOCK MARKET. BIG YARDING AND EASIER VALUES. Christchurch, July 13. At Lhe Addington market to-day there was a big yarding of practically all classes of stock, particularly beef and mutton, and an easing in values. Store Shep.—A fuller entry than for some sales. Good quality sheep, particularly breeding ewes, sold well, but inferior sorts met a dragging sale. Fair 4 and 6-tooth wethers realised 16b to 16s 6d; ordinary 13s fid to 15s 9d; 2-tooths, 12s to 14s 6d; good 4 and 6tooth ewes, in lamb, 25s to 26s 9d; fair, 20s; good and failing-mouthed ewes, In lamb, 13s 6d to 16s-fid; forward hoggets, Ils to 12s 6d; ordinary, 7« fid to 10s 6d; good ewe hoggets, 13s Id to 14s 6d; Inferior, 7s 6d to 8s 9d; cull, 2s lOd to fis fid. Fat Sheep.—There was a fall in values of about 2s per head. Southdown wethers realised 51s to 645; extra prime wethers, 27s to 33s 2d; prime, 22s to 265; medium, 18s to 21s 3d; light and unfinished, 14s 9d to 17s 9d; show Down ewes, 418; prime ewes, 18s to 25s 4d; medium, 14s 3d to 17s 9d; light and unfinished, 10s to 14s; hoggets, 12s to 17s Id.

Fat Cattle.—A big yarding of 470 head and values were down about 80s to 40b per head. Extra prime steers realised £24 2s 6d ; prime £l4 to £lB 12s fid; medium, £lO to £l3 ss; light and inferior, £S 5s to £9 15s; extra prime heifers, £l3 12s 6d; prime, £9 5s to £l4 12s fid; ordinary, £7 to £9 2s 6d; extra prime cows. £l6 ss; prime, £8 to £l2 ss; ordinary, £4 10s to £7 ss. Vealers.—-AU of good quality sold well. Runners realised £6 17s fid* good vealers, £4 to £4 15s; medium, £2 10s to £3 17s 6d ; small, £1 to £2 7s 6d.

Store Cattie.—A small entry and a brighter market. Thr<e-yeax steers, £5 15b to £7 12s 6d; 2-year steers, £4 .to £4 17s 6d; yearlings, 35s to £2 10s; medium to good cows, £2 10s to £4 15s; inferior, 20s. Dairy Cattle. —Second and Khlrd calvers, £2O ss; good first calvers, £l5 15s; ordinary to good springers, £8 to £l3 10s; inferior cows, 30s to £4 10b.

Fat Pigs.—A firmer demand. Choppers, £5 to £8 Jss; light baconers, £4 15s to £5 10s; heavy, £6 to £6 15s; extra heavy, £7 5s to £7 15s (average price per lb, B%d to 8%d); light porkers, £2 15s to £4 ss; heavy £3 10s to £4 5s (average price per lb, lOd to 10%d). Store Figs.—A keen demand for medium. Stores, £2 2s to £2 12s; small, £1 12s to £fi; weaners, 15s to 20s; sows in pig, £7 2s fid. <

BURNSIDE STOCK SALE. VALUES DECLINE IN FAT STOCK CLASSES. Dunedin, July 13. Ail departments of fat stock were well supplied at Burnside to-day. Sheep and fat cattle in particular were sent forward in large numbers. There was a decline in values of all classes of fat stock, with the exception of pigs. Fat Cattle.—3o9 head were yarded, the quality being good. Owing to the large supply, prices were easier by 25s to 35s per head on prime cattle, while medium and inferior sorts suffered to a still greater extent. Prime heavy bullocks made from £lB 10s to £2O 7s 6d; prime, £l5 15s to £l7; light and unfinished, from £10; cows, from £8 to £lO ss; light, £6; prime heifers, £l3 to £l5; medium, £lO to £l2 10s. Prime ox beef was worth up to 41b per 100 pounds; medium ox beef, 35s t«l 375; cow beef, 20s to 235. Sheep.—A large yarding of fair quality, numbering 3112 head. Competition was fairly brisk. Medium weights and inferior classes were sold at prices about on a par with last week’s rates, but prime heavy-weight sheep were weaker by Is per head. Extra prime heavy-weight wethers realised from 28s 6d lo 32s 3d; prime, 23s to 275; medium, 18s to 225; light and unfinished sorts, from 15s upwards. Extra prime heavy-weight ewes realised up to 24s 3d; prime 18s to 21s 6d; medium, 15s to 17s; light and aged, from 12s upwards. Prime wether mutton was worth from 3%d to 3%d per lb; ewe up to 3d. Lambs.—A medium yarding, numbering 1376 head. A good proportion of the yarding lacked finish. Prices for good quality were equal to last week’s rates, but light and wa« finished sorts were easier. Freezing buyers were evidently operating on the basis of 6%d per lb. Values ranged from 14s 6d to 25s per head. Store Cattle.—A full yarding several pens Of which were filled with cattle in forward condition and showing good breeding. Competition was good for this class, and the prices realised were several shillings per head in advance of late rates. Backward conditioned and inferior sorts were more difficult to place. On the whole, the (market had a healthier tone.

Pigs.—A small yarding was offered, which met with keen competition, and the prices realised were well up to last wek’s rates. Best baconers realised from B%d to B%d per lb, and best porkers front, to 9d per ,1b

, LONDON MARKETS. HIGH COMMISSIONER’S REPORT. The Department of Agriculture has repaired the following cablegram, dated 9th instant, from the High Commissioner for New Zealand : MEAT, i K ■ • • Meat.—Market quiet; demand is moderate and prices are affected by forced sale of English meat on account of hot weather. Stocks of New Zealand lamb are very low, and supplies from ships discharging continue in act* iva demand. N.Z. mutton, light Weight! Demand is good, B%d-B%d, 9th July, B%d-9d 2nd July, Bd-9d 25th June. N.Z. mutton, heavy-weight: Sale difficult to effect, 6d-7%d 9th July, 6%d--7%d 2nd July, 6d-7%d 25th June. N.Z. mutton: Government ewes, no better demand, 4%d--stf.d 9th July, 4%d-5%d 2nd July; Patagonian mutton, light weight, 7d 9th July; N.Z. lamb, Is l%d - Is 2d 9th July; Is Id - Is l%d 2nd July, Is l%d - Is 2d 25th June. N.Z. Beef: Prices firmer for best quality. Ox hinds, 6d 9th July, 5%d 2nd July, 5%d-7d 25th June; fores, 4d 9th July, 3%d 2nd July, 3%d - 4%d 25th June. Chilled beef: Prices firmer. Hinds lid 9th July, lOd *- lid 2nd July, lOd 25th June; fores, 5d 9th July, 4%d - 5%d 2nd July, 4%d 25th June. No demand for N.Z. inferior quality and cow beef. BUTTER. Market firm. Irish supplies small on account of hot weather. Danish.—Supplies small: July 9,214 s to 224 s per cwt. Is lid to 2s per lb, salted 186 s to 190 s per cwt. Is 7%d to 13 B%d per lb; July 2,210 s to 214 s per cwt. Is 10%d to Is lid per lb, salted 180 s to 186 s per cwt. Is 7%d to Is 7%d per lb; June 25, 204 s to 200 s per cwt, Is 9%d to Is lOd per lb, salted Is 7d to Is 7%d per lb. Irish, unsalted.—July 9,198 s to SOOS per cwt. Is 9%d per lb; July 2,194 s to 198 s per cwt, 13 B%d to Is 9%d per lb; June 25, 190 s to 198 s per cwt. Is Bftd to Is 9%d per lb. New Zealand.—Tirst and second grade: July 9,198 s to '2oos pe rewt, Is B%d to Is 9%d per lb; July 2,194 s to 200 s per cwt, 18 B%d to Is 9%d per lb; June 25, 193 s to 196 s per cwt, Is 854 d to Is 9/1 per lb. , Australian.—First grade, July 9,178 s to 180 s per cwt. Is 7d to is 7%d per lb. First and second grade: July 9: 172 s to 1709 per Ctfti, Is 6%d to 13 6%d per lb; July 2,172 s to 178 s per cwt. Is 6%d to Is Td per lb; June 25, 171 s to 174 s per cwt. Is BVid to Is 6%d per lb.

Argentine.—Salted and unaalted: July 9, 130 s to 160 s per cwt, la 2d to Is 5d per lb; July 2,130 s to 174 s per cwt, Is 2d to la 6%d per lb; June 25, 130 s to 160 s per cWt, la 2d to Is 5d per lb. Free: July 9,166 a to 170 s and up to 174 s per cwt. Is 5%d, Is 654 d. up to Is 6%d per lb; July 2,160 s to 174 s and up to 178 a per cwt, Is sd, Is 6%d and up to Is 7d per lb; June 25, 160 s, 166 s and up to 170 s per cwt. Is sd, Is 5%d and up to is 6d per lb.

Government ex store advanced for period July 8 to July 14 inclusive 10s to 40s per cwt., but no sale yet reported. New Zealand, Ist and 2nd grade: July 8 to 14, 220 s per cwt, la 11 %d per lb; July 1 to 7,196 a per cwt, la 9d per lb; June 23 to 30, 192 s per cwt, Is 8%,d per lb. Australian.—July 8 to 14, Ist grade 200 s per cwt. Is 9 J 4d per lb, 2nd grade 185 s per cwt, la 7%d per lb, Ist and 2nd grade together 197 s per cwt, Is 9d per lb; July 1 to 7, Ist grade- 175 s per cwt, Is o%d per IL, lat and 2nd grade together 159 s 3d per cwt. Is 5d per lb; June 23 to SO, lat grade 170 s per cwt. Is 6d per lb.

Argentine.— (Sorted to marks) : July 8 to 14, 170 a to 185 s per cwt for salted and unsalted, Is 6ftd to Is 7%d; July 1 to 7,152 s per cwt, la 4’4d per lb; June 23 to 30, 152 a per cwt, la 4%d per\lb. CHEESE. Demand active and market firm. English: Finest farmers’ 140 s to 145 s per cwt., Is 3d to Is 3%d per lb. Canadian.—White: July 9,118 s to 120 s per cwt, la o%d per lb, colored 114 s to 118 s per cwt, la o%d to Is o%d per lb; July 2, white 106 s to 110 s per cwt, il%d to ll%d per lb, colored 104 s to 106 s per cwt, lid to ll%d per lb; June 25, white 100 s to 102 s per cwt, 10%d per lb, colored 98s to 100 s per cwt, 10%d per lb. New Zealand.—July 9, white 118 s to 122 s per cwt, la o%d to Is Id per lb, colored 116 s to 118 s per cwt. Is o*fcd to Is o%<j. per lb; July 2, white 110 a to 114 s per cwt, ll%d to Is i per lb, colored 102 s to 108 s per cwt, 10%d to llVld per lb; June 25, white 102 s to 104 s per cwt, lid per lb, colored 98s to 110 s per cwt, 10 %d per lb. Australian.—July 9, white 116 s per cwt, Is o%d per lb, colored 112 s per cwt. Is per lb;‘ July 2,104 s to 108 s per cwt, lid to ll%d per lb, colored 102 s to 104 s per cwt. Is per lb; June 25, white 94s to 98s per cwt, lOd to 10V(d per lb, colored 92s to 96a per cwt, 9%d 'to’lOHd per lb. HEMP. Manila market is dull, with a downward tendency. Spinners ’ holding off owing to the absence of orders for cordage. “J” grade May-July to August-October shipments quoted £36 10s per ton. It is reported that with a view to clearing accumulated stocks of weak fibre, the Philippines Government is considering prohibiting the production and grading of lower quality from "J” down. New Zealand market quiet, with sellers’ high points JulySeptember shipment £36; and fair, on spot, £34 per ton. WOOL. At Hull yesterday, 20,500 bales were offered on accpunt of 8.A.W.R.A., mostly Australian, principally merino. Keen competition from Home trade and the Continent, and good proportion sold. Prices generally fully equal to last London rate.