COMMERCIAL.

Taranaki Daily News, 5 November 1921, Page 8

COMMERCIAL.

THE PRICE OF WHEAT. BIG FALL AT CHICAGO. By Tele,?raph.—Press Assn.—Copyright. Melbourne, Nov. 4. The Victorian Wheat Commission further reduced the price of wheat to be gristed for ’export to 5s 3d per bushel. New York, Nov. 3. Wheat was sold in the Chicago market at 99 cents (4s l%d, not counting exchange) per bushel. This is the lowest level reached for five years. There was wild trading In ice grain pit. James Patton predicts the price will recede much further. Millers are credited with driving down prices. HULL WOOL SALES. Received Nov. 4, 7.28 p.m. London, Nov. 4. At the Hull wool sales best sorts were firm, and average and faulty 7% per cent, below London closing prices. LONDON MARKETS. NEW FREIGHT RATES. Received Nov. 4, 5.5 p.im. London, Nov. 3. New freights to Australia —fine measurement 115 s, rough 90s, close weight 555, and packed 64s—commence next week with .the Beltana from London, and the Ayrshire from Liverpool. The wheat market is weak, following on the decline in America and Canada. Cargoes from Australia, January-February snipment, are quoted at 51s, and steamer parcels December-January, new crop, at 50s 9d. Flour is in moderate demand. Australian ex mill 535, parcels arriving 475. Barley is steady and quiet. Oats are firm. Peas and beans are dull and unchanged. Sugar, granulated 50s 3d. Bradford wool tops.—Quotations firm for prompt delivery, but there is no inclination to book forward. The Farmers’ Co-operative Auctioneering Company Ltd., Hamilton, have received the following cable from their London office: — Mutton and beef firmer tendency, lamb weaker; tallow, fine quality 2s Idp-er; sales closed firm, merino 10 per cent, to 15 pet cent.; fine crossbred and medium crossbred 7 per cent.; coarse, 12% per cent, dearer than September clean scoured values; New Zealand wool, grade 56, 2s l%d; grade 50, Is 6%d; grade 46, Is; grade 44, 10%d; grade 40, lOd; grade 36, 9d; butter, Government prices, New Zealand £9 12s; Australian first, £8 ss; white cheese £4 4s, £4 18s.

The New Zealand Loan and Mercantile Agency Company, Ltd., have received the following cablegram from their London house under date 2nd instant:— Tallow.—Wc quote present spot values for the following descriptions: Fine mutton, £2 9b 6d per cwt.; good beef, £2 7s per cwt.; mixed, £2 0s 6d per cwt. Fine mutton neglected. New Zealand Frozen Meat. —Lamb prices unchanged (last quotation 7 7-8 d per lb. average). Wether and maiden ewe prices unchanged (last quotation, light 5%d per lb., heavy 4 5-8 d per 1b.).-" Ewe prices unchangcd (last quotation, light 4%d per lb., heavy 4d per lb.). Beef, prices unchanged (last quotation, hinds 5%d per lb., fores »%d per lb„ ox. Cow, hinds 4d per lb., fores 2%d per lb.). HAYMARKET SALE. Messrs. Newton King, Ltd., report at yesterdav’s Haymarket sale the price of nigs ranged as fellows: Stores 16s 6d to 30s. slips 16s to 25s 6d, weaners Bs, and a porker was sold at £3 2s 6d. Heifer calves ranged from Is to Bs. A sale of farm implements realised good average prices. INGLEWOOD SALE. (From Our Own Correspondent.) There was a very good attendance and a fair yarding for Newton King Ltd’s. sale on Wednesday, when, despite the prevailing depression in prices, a good (majority of ’he stock offered was sold. 15 to 18-month •T*?rsgv crossed heifers made from £ 1 13s to A. i H)s, other breeds 22s to 50s, young steers 17s to ’2os, store cows in rough condition from Iss to 20s, better quality 26s to 545, fat cow for £5 17s Gd, two-year-old empty heifers from £2 10s to £3 10s, springing heifers from £4 to £8 for rough conditioned animae, and from £9 to £lO 10s fur better quality. Springing cows made from £6 10s to £l.. ADDINGTON STOCK MARKET. PRICES WELL MAINTAINED. Christchurch, Nov. 2. Owing to no market being held next week, there was a double, market at Addington ‘.oday. the sale lasting till after 9 p.m. There was a large attendance of buyers. Prices generally were well maintained, fat lambs being the exception. Store Sheep.—A small entry. The market was distinctly brighter than last week, values being from 2s to 3s per head above late rates. Fair crossbred ewe hoggets 14s Id to 14s 4d, inferior wether hoggets 8s 7d, cull mixed sex hoggets 8s sd, shorn wether hoggets 7s !)d ;o ;is 2d, good .shorn 4,6, and 8-tooth wethers 1-ls to 14s 7d, ordinary 13s 6d to 14s, aged ewes and lambs 8s 4<l (all counted). Fat Lambs.—The largest enjry of tl:e season, 1351 being sent forward, including a good proportion of inferior stuff. The market ojT-.i-ed With a weak tone, which became more pronounced as the sale progressed. At :lie finish values were 3s to ts per head less than last week. Extra prime lambs 26s to 4->s,

prime 24s to 25s 9d, medium 20s to 23s 6d, small 14s 6d to 18s ftd, Inferior and unfinished 9s 10d to 13s lOd. Fat Sheep. -Bidding commenced at last week’s rates, and was spirited throughout the sale, late values being maintained. Extra prime wethers 29s to 355. prime 25s to 28s )d. .medium 21s 3d to 24s 9d, extra prune ewes 27s prime 20s 9d tn 245, medium l.s to -0s Gd ’ light and unfinished 13s 6d to 16s 6d, prime hoggets 20s to 225, ordinary hogge-.s 13s to 19s 6d, Fat Cattle. —The market opened on a par with last weak, but quickly improved, and nt the finish values were from 20s to 30s per head in advance of late rates. Extra prime "leers £2O. prime £l4 5s to £lB. medium £lO 7s 6d to £l3 7s 6d, light and unfinished £8 to £lO. extra , prurte heifers £l5 12s Gd, prime £9 12s Gd to £l3 10s. ordinary £8 10S to £9 ss, extra prime cows £J3 10s. prime £8 to £ll 7s ordinary £a 10s l °vfalei.—Runners £5 15«. S° od vealers £3 5s to £4, medium £2 5» to £3, small calves 7s 6d to £1 17s 6d. Store Cattle.—A large entry, and the demand was brisk. Four and 5-year-old steers £7 to £lO 7b Gd, 3 and 4-year-old steers £8 to £0 10s. yearlings 15g to £l7 Bs. 2-.■ear-old heifers £♦ to 64 Ms. ycarlu.as and Is-montha 61 9» «d io 6 8 ll>». aged and inferior cows 10s to £2 , Dairy Cattle.—Extra. good second and th’rn ealvers £lB. good medium second and th.rd ealvera £0 Ms to £l2 Ms. swinging heders £5 Ms to £M Ms- inferior cows and cows In milk £2 to 66 Ms. ... Fat Pigs-—Choppers £2 to £4, light baeooer» S 3 Ms 10 84 10s - hl "" ! ' fi4 Ins (average price per lb to Sd), light pmkers 4SSI to W», heavy 60s to 70s (average price per lb Sd to 9 ’/a). ' afore ’’igs. —Good store £2 3s to £„ Bs, tiuedium £1 12s to £2 2s, small £1 5s to £1 10s, good weaners £1 2s Gd to £1 fid, small weaners 17s to £1 is.

AUCKLAND STOCK MARKET. Thp New Zealand Loan and Mercantile Aeenev Co.. Ltd., reportWe held sales of Xr 'and store, cattle during < he nt \v<n«tfir>l<l Ngatea, Whitfmd, ana Kapkura. The demand and quotations for all classes of stock are on a par with late quota- . Dairy rows and heifers close to profit, beat £l2 Ms to £2O. others £l> to 6 M ..s. Sword springers. b«. £9 to 8 « o hers £6 to £8 15s; aged cow« and inferiohJfcr3 £2 upwards. Store cattle; Gmw>l ate«ra in forward condiHou, £6 lob to KSf

steers, £5 to £6 12s 6d; 3-ycar steers, £3 15s to £4 15s; 2 to steers, £2 5s to £3 12s Gd; yearling to 18month steers, £1 to £2 2s Gd; yearling heifers, £1 5s to £2 15s; 18-month to 2-year heifers, suitable dairl purposes, best £5 to £7, others £3 to £4 15s; empfV cows, £1 to £2 10s; bulls, 1 guinea to 15 guineas, according to breed and quality. Beef at fully Westfield prices. At Westfield fat stock market on Wednesday beef was penned in extra large numbers, and although competition was steady throughout, prices were again lower. We quote:— Choice and extra choice oxen to 32s per 1001 b., prime 24s to 30s, rough and interior 18s to 235; heifer beef, 21s to 25s per 101)16;; cow beef, las to 20s per 10016. Steers sold at from, for extra heavy prime, £l2 17 6d to £l4 2s 6d, heavy prime £9 12s Gd to £ll 17s 6d, medium £7 12s-6d to £9 7s 6d, light £5 15s to £7 10s; unfinished and rough cattle, £3 to £5 10s; heifers anti young cows, £ 5 to £ 7 2s 6d; other cows, £2 15s to £4 17s Gd. Some of the averages were :—8 steers from Mr. F. Kelland, Wainlpi. £ll 17s Gd; 9 from Mr. W. Vosper, Cambridge, £lO 6s 3d; 8 from Mr. R. A. Beet, I’ukcturea Estate, £7 3s Gd; 16 from Mr. F. C. S- Lawson, Ngaruawahia, £7 4s; 19 from Messrs, A. Yates and Co., Karaka, £7 9s; 18 from Mr. A. Allen. Hawera, £lO 16s Sd; 12 from Mr. Alexander Orr, Pupatoetoe. £S 12s; 9 heifers from sarnie vendor, £sj 5 steers from Mr. E. I*. Paul, Mangere. £7 6s; eight from Mr. Wills McLaughlin, Papatoetoe, £9 ; 55 from Mr. W. Paterson. Moi It; Island' £7 2s 6d; 16 from Mr. E. T. Bain, liotongaro, £8 9s 3d; 24 from Mr. A. S. Boler, Tauhoa, £6 .13s; 17 cows from Mr. Jas. Taylor. Cambridge, £6 13s 6ii; nine cows from Mr. W. Paterson, Motiti Island, £5 8s d ; nine cows and heifers front. Waikato, £5 2s Gd. Calves were penned in large numbers. Competition was good, with prices showing an /improvement on last repor’. Runners from £4 2s Gd to £5 12s 6d; heavy vealers £4 2s 6d to £4 15s, medium £3 2s Gd to £4, light £2 7s iid tq £3, smaller 25s io £2 2s Gd, small and fresh dropped 5s to £1 2s- 6d. Sheep were penned in average numbers, selling at late Quotations. Heavy prime wethers in wool £1 to £1 3s, heavy prime wethers shorn 19s Gd to £1 Is 3d, light prime and unfinished wethers ' 15s .o 17s 3d; heavy prime ewes 16s to 18s 9d, medium 14s to 15s 9d, light 12s 6d to 13s ’.ld, unfinished ewes 8s 6d to 12s 3d; woolly hoggets 12s to 16§ Gd, shorn 10s Gd to 15s 9d. Pigs were yarded in rather fewer numbers than last week, and advanced in price, especially for stores. Choppers from £3 12s Gd to £4 18s; heavy baeoners £4 3s to £5 7s Gd, medium £3 19s to £4 12s 6d; ligQt baeoners and heavy porkers, £2 17s 6d to £3 12s 6d; light porkers, 37s 6d to £2 ss; slips, 24s to 3Gs, weaners, 8s Gd to 235. Lambs were penned in large numbers. Competition improved as the sale advanced, prices being better than last report. Heavy i priime lambs ISs 3d to £1 0s 9d, medium 5s 9d to 18s, light 12s Gd to 15s 6d. BURNSIDE STOCK SALE. Dunedin, Nov. 2. There were large yardings in all fat stock departments at Burnside to-day. Owing to outside competition, together with local buyers, sheep realised good values. Fat cattle, spring lambs and pigs were easier in. tone. These classes realised prices up to last week’s rates. Fat Cattle.—-A large yarding, numbering 273 head of fair quality. Owing to the large supply, competition was slack at the opening of the sale, and prices were about 20s per head below last week’s opening rates. Prime, ox beef was worth 30s to 32s Gd per 1001 b; medium quality, 21s Gd to 24s 6d; cow beef, about 225. Prime bullocks realised from £l5 io £l7: medium. £l2 to £l4: light and unfinished sorts, £8 los upwards; prime heifers, £l2 10s to £l4; medium, £9 10s to £l2; light and aged, from £7 upwards. Sheep.—A large yarding, numbering 2918 head of good quality. At the commencement of the sale the demand was keen and prices were on a par with those which ruled at last, week's sale. Later on, however, prices became weaker, and the sale closed with values showing a reduction of Is per head as compared with last week’s rates. Best prime wether mutton was worth 3%d per lb; ewe mutton about Extra prime heavyweight wethers realised from 28s to 33s Gd; prime, 23s to 275; medium, 19s to 225; light and unfinished sorts, 17s upwards. Extra i prime heavyweight ewes realised 23s 3d to 255; prime, 19s: aged? from 14s upwards. ■ Au increased number of shorn sheep was ofl’ered. Prime shorn wethers realised from 22s 'to 25fi 9<l; medium, 18s Gd to 21s; lighter , kinds, from 16s upwards; prime shorn ewes, 19s 3d to 21s 9d; others, from J4s. Spring Lambs.—A total of 148 head was offered. The quality was medium. This was , the largest number offered so f;tr this season, i and was somewhat in excess of requirements. , Prices in consequence showed a reduction of about 3s 6d per head. Values ranged from )4s Gd fo 32s per head, prime lamb being worth up to 8d per lb, Store Cattle.—A medium yprding was offered, Among the number penned werq about 25 , h«ft4 Ihree and fotjr-yegr bullocks from the ■ West Coast. Tliese were good sorts. The dec mand was a little healthier in tone, hut without any quotable change in values. The West ! Coast cattle received the close attention of buyers, and realised fair prices. , pigs,—-A medium yarding, all classes being re- ; presented. The demand was good for small piga, , but for heavyweights prices receded fully 15s r per head. Best baeoners realised from o%d I to 7Vjd per lb, and best porkers from "Hd ; to per lb.