COMMERCIAL.

Taranaki Daily News, 22 September 1921, Page 2

COMMERCIAL.

LONDON METAL MARKET, By Telegraph.—Press Assn.—Copyright. London, Sept. 19. Copper.---Spot, £6B 3s 9d; forward, £6B 18s 9d. Lead.—Spot, £22 17s 6d; three months, £22 12s 6d. Spelter.—Spot, £25; forward, £25 10s. Tin.—Spot, £154 10s; forward, £156 13s 9d. Silver, 40d per ounce. ANTWERP WOOL SALES. London, Sept. 20. Twenty thousand one hundred bales will be offered at the B.A.W.R.A. wool sales at Antwerp on October 6 and 7. LONDON MARKETS. HIGH COMMISSIONER’S CABLED REPORT. The Department of Agriculture has received the following cablegrams, dated September 16 and 17 respectively from the High Commissioner for New Zealand, London: — September 16.—W00l sales closed last night. Offerings during the series consisted of 79,000 bales privately owned, of which 36,000 bales were New Zealand and 60,673 bales 8.A.W.R.A., of which 6580 were New Zealand. Attendance good throughout, and increased buying by Home trade was encouraging feature. Continent also supported well, though Germany less active than at last series. Competition keen throughout, though somewhat easier this week. Continental buying being affected by weakness of exchange. Compared with last sales, prices have advanced. Average closing values were:— September 16.—60-64’s, merino, Is Id to Is sd; 56'a, super halfbred. Is Id to Is 4%d; 50’s kalfbred, »d to lid; 48’s, fine crossbred, 8d to lOd; 44-46’s, medium crossbred, to 8d; 36-40’s, coarse crossbred, 5d to 6d. July 29—60-64's, 'merino, Is to Is 4d; 56’s, super halfbred, Is to Is 3cfc 50’s, halfbred, 7%d to 9%d; 48's, fine crossbred, 6%d to 8d; 44-46’s, medium crossbred, 5d to 6%d; 36-40’s coarse crossbred, 4%d to 5%d. Next series commence October 11. MEAT. s Markpt weaker owing to heavy supplies. Mutton quiet, heavy-weight decidedly lower. Lamb: Sales slow. Home-killed retarding sales. Only demand is for best Canterbury. Prices lower for second-class quality. Beef steady, little better demand • for best qualities, which are scarce, but very little demand for inferior. Only moderate supplies frozen on hand; fair quantity chilled afloat. September 17.—N.Z. mutton, light-weight, 8d; N.Z. mutton, heavy-weight, sd-5%d; N.Z. Jamb, light-weight, is o%d; N.Z. lamb, heavyweight, 10%d. BUTTER. Market weak and prices have tendency downwards, buyers holding back, English lower; recent rain should assist production. Irish: Weak with little demand. New Zealand.—Sept. 17, 210 s to 220 s per cwt.., Is 10%d to Is IPzfcd per lb. Sept. 10, 226 s to 228 s per cwt., 2s to 2s o%d per lb. Sept. 3,244 s to 246 s per cwt., 2s 2’4d to 2s 2%d per lb. Government revised ex store prices:— New Zealand.—First and second grade: Sept. 16 to 29, 220 s per cwt.. Is ll%d per lb. Sept. 9 to 15, 224 s per cwt.. 2s per ro. Sept. 2 to 8,242 s per cwt., 2s l%d per io. CHEESE. Market less depressed. Colonial,—Little more Inquiry at easier prices. New Zealand.—Sept. 17, spot, white, 104 s to 110 s per cwt., lid to ll%d per lb; colored, 102 s to 106 s per cwt.. 10%d to ll J 4d per lb. Sept. 10, white, 112 s to 116 s per cwt., Is to Is per lb.; colored, 104 s to 110 s per cwt., lid to ll%d per lb. Sept. 3, white, 118 s to 122 s per cwt., Is o%d to Is Id per lb.; colored, 114 s to 120 s per cwt.. Is 0&d to Is o%d per lb. WAIKATO MARKET.

The Farmers’ Co-operative Auctioneering Company, Ltd., report;

Beef.—The market Is still exceedingly weak but vendors seem more reconciled to the situation.

Mutton.—The market for mutton is in a similar position with little prospect of improvement. The yardings. however, have on numerous occasions lately been too small to satisfy the enquiry. Store Cattle.—The position remains unchanged. It is hoped that the welcome change in the weather may similarly affect the stock market. At the present time most classes nre practically unsaleable, even ' empty heifers which were In been demand a week or so ago now sharing in the general decline. Store Sheep.—Are not the subject of much enquiry. It unay safely be stated that ewes with lambs at foot of good quality will meet with fair competition. Not much, however, of this nature has so far been offered, from which conclusions may be drawn.

Dairy Cattle.—Due no doubt to the dry spell of weather just experienced, dairy cattle on the average have declined, although good animals are still strongly competed for. There seems every reason to believe that values will in a short time again recover.

pigs.—Have been coming forward in greatly increased supply and meeting with excellent competition. Bacon pigs, according to returns, are realising prices equal to about 9%d per lb at the yards. In some cases 10d has been reached.

Horses. —As anticipated our annual spring fair at Cambridge maintained its reputation. The entry of draught horses was large and comprised a collection of tip-top animals. Bidding was very spirited and well sustained. £7l was the top figure realised. The light horses on the contrary were of exceedingly poor quality on the average. Anything good or even of medium quality sold well. We quote as followsßullocks, heavy prime £ll to £l3 10s. medium £9 to £10: cows, heavy £6 to £7 10s, medium £4 10s t Q £5 JOs forward £2 10s to £4; steers, 4-year £5 to £6, 3-year £4 to £4 10s, 2-year £2 to £2 10s; heifers, 2-year empty £5 to £6; cows, store 15s Io £1 10s; heifers, R.WR. 3-year Shorthorn £l3 to £l7, 2-year £9 10s to £l2 10s; yearlings, best steers £1 to £1 ss, best heifers £2 to £3 10s, medium mixed 15s to £1 ss; dairy cows, best £l9 to £25 second quality £lO to £l3; ewes with laimbs, by S.D. rams 24s 3d; wethers, prime 20s to 235, medium 17s 6d tn Ifis fid: ewes, prime 15s to 17s 6d; wethers, forward 4-tooth 15s to 16s, forward 2-tooth 12s to 13s: ewes, forward 10s to 12s, store 5s to fis Cd: lambs, fat 16s to 205,. store (shorn) best 8s to 10s, store (shorn) medium 5s 6d to 7s 6d; pigs, baconers £5 to £7, porkers £3 5s to £4 10s, good slips £1 10s to £2 10s, weaners 10s to £1 2s; horses ( heavy draughts £45 to £65, medium draughts £3O to £4O, light draughts £22 to £3O, harness horses £l2 to £2O, hacks £6 to £lO.