COMMERCIAL.

Taranaki Daily News, 24 October 1921, Page 2

COMMERCIAL.

LONDON MARKETS. LATEST MEAT PRICES. By Telegraph.—Press Assn —CopyrlghL Received Oct. 23, 5.5 p.m. London, Oct. 22. Sheep.—Southland 5%d, North Island 5%d to 5 7-Bd, Patagonian light 5%d, heavy 4%d, Laimbs.—Canterbury heavy Rd, ordinary Norrl; Island B*Ad, South American light 7d. Frozen Beef.—New season’s New Zealand

fores 4’4<l, hinds 6d, Argentine fores 4%d. hinds 7%d, Uruguay hinds 554 d, chilled Argentine fores 4%d, others unchanged. Rubber.—Para Is 2d, plantation 9 7-Bd, smoked 9 7-Bd. Copra.—October-December shipment £2G Jute. —New crop, October-December shipment, £32 10s. Hemp.—Slow ; September-Noviwnber shipment £3B 15s. Linseed Oil, £2B ss. Turpentine, 64s 6d. Wheat-cargo market weak owing to the decline in America. An Australian cargo arrived sold at 53s 9d. Parcels of new crop, December-January, are quoted at 53s 6d, quiet trade in spot, Australian ex ship 565, ex quay 57s 6d. Flour.—Slow; Australian ex store 525. Oats, beans and peas.—Quiet and unchanged. Sugar.—Granulated 50s 3d. THE COMMONWEALTH LOAN. Received Oct. 23, 5.5 p.im. London, Oct. 21. The underwriting of the Commonwealth loan has been completed. The final instalment of 40 per cent, is payable on January 6. LONDON WOOL SALES. Received Oct. 23, 5.5 p.m. London, Oct. 21. At the mixed wool sales better offerings of merinos sold well. There was rather more French competition. Prices were unchanged. Crqssbreds were steady, and low sorts were occasionally a little weak, but clearing well. The "Mueeller" clip realised top price with 32d. The average was 30d. The Berlin exchange rate has reached 640 marks to £l. MELBOURNE HIDE AND WOOL SALES. Melbourne, Oct. 21. Hides.—A large catalogue was submitted. Competition was keen for all well-flayed parcels, but pric's were unaltered except for kips, which were slightly easier.

The wool sales trouble has been adjusted ano the sales resumed. Tbe lots are mainly crossbreds, practically covering the remaining parcels of the old clip. There was keen competition and good clearances. Merinos, flne comebacks, advanced 10 to 15 per cent., flne merinos 10 per cent., medium and coarse 5 per cent.

WAIKATO STOCK MARKET.

The Farmers’ Co-op. Auctioneering Company, Ltd., report»

We had a full entry of beef and an average yarding of store cattle at our weekly Hamilton sale held yesterday (Thursday, October 20). Beef sold at about late rates. No heavy weight cattle yarded. Steers of a medium weight but well finished, made £7 10s to £9, heavy fat cows £5 2s to £6 3s,

frrward condition 4-year steers off turnips £4 14s to £5 16s, forward cows £2 5s to £3 10s, store cows £1 to £2 2s 6d, good 20month to 2-year heifers suitable for dary purposes £5 7s 6d to £5 10s, others £3 7s 6d to £4, Jersey cross and Jersey £4 to £7. Bulls £1 10s to £l4 according to breed .and quality. The competition for fat steen was not brisk, while buyers were present for al! store sheep. Small woolly hoggets brought up to 7s 3d, 2-tooth wethers 10s. Our advertised recommendation to clients not to yard pigs this week resulted in a small entry, which, as anticipated, met with slack competition, baconers making £4 Ils porkers £2 6s to £3 10s, store pigs 12s to £1 16s.

BURNSIDE STOCK MARKET.

BETTER PRICES FOR FAT SHEEP. Dunedin, Oct. 19. There was a large yarding of fat cattle nt 'Burnside to-day. The higher values obtained for this class of stock at. last week’s sale were not maintained at to-day’s sale, prices being below those which rured a fortnight ago. Fat sheep were in small supply, and prices for these were higher. An increased number of spring lambs were offered, the values for which were below those of last week. Pigs maintained late ruling rates. Fat Cattle.—A large yarding, numbering 270 head of fair quality. Competition at the opening of the sale was not very brisk, and prices showed a decline of 30s to 40s per head. Extra prime bullocks realised up to £l7 2s 6d, prime £l3 to £l5, medium £lO to £l2 10s, light £7 to £®; prime cows £7 to £lO, medium £5 to £6 10s, light and unfinished £4 to £5. Price ox beef was worth about 30s per 1001 b., medium 21s to 255, heifer beef about 295.

Sheep.—A small yarding, numbering 1744 head of fair quality. The sale opened under brisk competition, heavy-weights advancing 2s and lightweights Is above last week’s rates. As the sale progressed prices further hardened. and about the middle of the sale values had still further advanced. Towards the close, however, bidding became slacker, and values receded about 2s per head. Prices on the average showed an advance of from 2s to 2s 6d per head above last week’s rates. Prime wether mutton was worth on the average per lb, ewe mutton 3d. Extra prime heavyweight wethers realised from 28s 3d to 30s 3d prime 23s to 275, medium 18s 6d to 225, Hgl t and unfinished sorts from 16s upwards. Only a small number of ewes were offered, and these sold at prices ranging from 15s to 20s 9d per head.

Spring Lambs.—A total of sixty-three head was offered. These were of mixed quality. On account of the larger supply, prices were easier, receding 5s per head compared with last week. Prime lamb was worth per lb The yarding was disposed of at. values ranging from 16s 6d to 32s per bead. Store Cattle. —A very small yarding of 50 head of poor quality, and very few transactions took place. Owing to the reduced fat stock values, the demand for stores is lifeless. One pen of young Hereford cows, in calf, unade 58s; other sorts were unchanged. Pigs.—A medium yarding, all classes being represented. There was a fair demand for jxjrkers and baconers at last week's rates. Small pigs and slips were > keenly competed for, and sold at relatively higher values than the’ rates ruling for fats. Best baconers realised from 8d to B’Ad per lb., and best porkers from 8d to B%d per lb.