COMMERCIAL.

Taranaki Daily News, 3 December 1921, Page 2

COMMERCIAL.

RISE IN EXCHANGE. BETTER TONE IN EUROPE. By Telegraph.—Press Assn —Copyright. London, Nov. 30. The exchange on Berlin- is 957 marks to £l. The imp. oveiment is attributed to the talk about a moratorium. Owing to the suggested moratorium the German mark hardened with a sympathetic improvement in tbe French, Belgian, Italian, Swiss, Dutch, Swedish and Austrian currency. The Times adds: "It should be clearly understood that the suggestion of a moratorium is not made with a view to obtaining reductions in the amount fixed by the London agreement, but will increase the prospect of payment. , BRITISH TREASURY BONDS. London, Nov. 30. The British Government is offering a new series of Treasury bonds at 99, maturing in 1930. THE TALLOW MARKET. PURCHASE OF ZINC. London, Nov. 30. The demand for tallow has not improved, and the sales have not been held. Received Dee. 2, 5.5 p.m. London, Dec. 1. Tallow stocks 6289 casks; imports during November 4805; deliveries 2214. It is understood that subject to an arrangement of some minor details an agreement has been reached between the English zinc smelters and the Board of Trade for the temporary purchase by the latter of Australian zinc concentrates at a price and under conditions which will enable the majority of works to resume operations in the near future. Negotiations are also in progress for a supply of concentrates over a period till 1929, covering the Government's purchases. LONDON WOOL SALES. London, Nov. 30. At the mixed wool sale an average selection of merinos sold well at full late rates. Crossbreds, mostly low and medium, were also well cleared. Slipes were nearly all taken by Yorkshire at slightly harder prices. The quantity of free wool for the January sales has been fixed at 52,000 bales Australian, 30,000 bales New Zealand, 15,000 bales Puntas. On this basis B.A.W.R.A. is entitled to offer 95,000 bales, but it has not yet decided whethec to offer all. Received Dec. 2, 5.5 p.m. London, Dec. 1. At the mixed wool sale a rather poor selection of merinos, best sorts, was firm, others being slightly In buyers’ favour. Crossbreds are selling well to the home tratje and the Continent at full prices. The prices for slipes are flnm, all going ttf Yorkshire. For Bradford there was little business, 64’s, January-February, are quoted at 41d to aaa. LONDON MARKETS. Received Dee. 2, 5.5 p.m. London, Dec. 1. Wheat.—Quiet, on lower Argentine and American cables. Australian cargoes afloat are quoted at 49s 6d, January 51s, February 50s Gd, parcels December-January 495. Quiet trade for spot Australian ex quay at 545. Flour.—Quiet and firmer. Australian ex store 42s Gd. Oats.—Firmer. New Zealand landed 34s ro 355. Beans.—Steady and quiet. Sugar.—Granulated 49s 3d. The New Zealand Loan and Mercantile Agency Company, Ltd., have received the following cablegram from their London house, under date November 30 :

Tallow.—We quote present spot values for the following descriptions: Fine mutton, £2 5s 3d per cwt.; good beef, £2 3s 9d per cwt.; mixed, £1 15s per cwt. Market quiet. New Zealand Frozen Meat.—Lamb, 7d per lb.; wether and maiden ewe, light 5 3-8 d ner lb., heavy 4 5-8 d per lb.; ewe, quotation unchanged. (Last quotation, light 4‘,4d per ib., heavy 3%d per lb.). Beef, ox hinds 5%d per lb., remainder unchanged. Market slow. (Last quotations, ox, fores, 3%d per lb.; cow, hinds 4d per lb.; fores, 2%d per lb. London Wool Sales.—The January sales will include arrivals up to November 9, 1921, AUSTRALIAN MARKETS. Sydney, Dec. 1. Oats.—Feeding, 3s 3d; milling, 3s fid; white, 3s 6d to 3s Bd. Maize.—Yellow, 5s 6d; white, 5s 3d. Potatoes.—Tasmanian, old £5 to £6, new £10; local, new £6. Onions—New, £4 to £7. Millers to-day commenced gristing new wheat, for which they paid about 4s lOd. Adelaide, Dec. 1. Oats.—Nominal, 2s. Melbourne, Dec. 2. Barley.—English 4s and 4s 2d; Cape 3s. Oats.—2s Gd and 3s 7d. Potatoes. — £2 and £3 10s; new £9. Onions.—£2 5s and £5. MELBOURNE HIDE MARKET. Received Dec. 2, 7.15 p.m. Melbourne, Dec. 2. Hides are weaker and competition irregular. .They declined a farthing and kips declined a half-penny all round. THE PRODUCE MARKET. BUSINESS QUIETER. Christchurch 1 , Last Night. The produce business is much quieter than usual. Offerings from farmers are very low and the stocks held by the merchants are apparently ample to meet current business consumption. The demand for oats and chaff as well as the demand froun the North Island districts is almost negligible. This is owing to the splendid growth of green feed in both Islands reducing the necessity ior using nard fodder to a minimum. Gartons are now going at round about 2s Gd at country stations. Wheat, peas, and linseed stocks have been practically absorbed, and there Is no business doing In seeds. All cereal and seed crops are promising well, and there are indications of prolific harvests next year. Linseed has been on a steady decline since the Calcutta slump. An improved tone prevailed during the week in potatoes, and lines changed hands up to £2 per ton. Tills little animation may, however, be described as the last kick of the old potato crop, for there is very little offering, and the demand will only exist until the North Island early potatoes commence to come in in considerable quantities. NEW PLYMOUTH HAYMARKET. At Newton King, Ltd.’s, New Plymouth haymarket yesterday wean er pigs realised I (is to 12s Gd, slips 16s to 20s Gd, stores 225, baconers 395, pure-bred sows 3% and 3%gns. ADDINGTON STOCK MARKET. LARGE YARDINGS AND LOWER PRICES. Christchurch, Nov. 30. At the Addington market to-day there were large yardings and a good attendance of buyStore Sheep.—The sale lacked spirit and only about half the offering was sold. Good fresh full-mouthed woolly ewes and lambs realised 9s 9d (all counted), failing-mouthed ews and lambs 5s Gd to 6s Gd (all counted), 4,6, and 8-tootbed dry ewes Ils Id, 4,6, and 8-toothed shorn wethers 9s lOd to Ils Sd, shorn wether hoggets 7s 6d to 8s Bd, woo’ly wether hoggets 12s Gd. Fat Lambs.—l Boo were sent forward, compared with 846 last week. The over supply caused a drop of from 5s to 7s per head all round, although some very fine lambs were submitted. Extra prime lambs 21s to 265, prime 18s to 20s Gd, medium 15s to 17s 9d, light and inferior 9s 3d to 14s Gd. Fat Sheep.—Bidding, except for primest sorts, was without spirit, and a decline t»f about Is 6d per bead was recorded for first quality and of 2s to 2s 6d for others. Exira prime shorn wethers realised 23s Gd, prime woolly wethers 19s to 23s Cd, prime shorn 17s Gd to 20s, medium shorn 14s 9d to l"s, medium woolly 15s Gd to 18s Gd, inferior shorn 11s lOd to 14s. Prime woolly ewes realised 15s Gd to 17s Gd, prime shorn 13s to 14s,

medium shorn 10s to 12s 9d, inferior shorn 7s to 9s 6d. Fat Cattle.—Extra prime steers realised £l7 2s 6d, prime £l2 to £l5 10s, medium £9 to £ll ss, light and unfinished £6 to £8 17s 6d, extra prime heifers £l3 17s Gd, prime £7 7s Gd to £8 15s, ordinary £5 to £7, prime cows £6 to £9 ss, ordinary £3 to £5 15s. Vealers.—Runners £4 10s, good vealers £3 10s, medium £2 10s, good calves 17s 6d to 255, small calves 5s to 15s. Store Cattle.—Extra good 3-year-old steers made £7 7s, 3-year-olds £3 15s to £5 ss, good 2-y ear-olds £4 17s 6d, yearlings £1 15s to £2 2s Gd. Dairy Cattle.—Second and third calvers £9 to £l6 4s, extra good Holstein heifers £ll to £l4 10s, springing heifers £7 to £lO 10s, inferior cows and cows in milk 10s to £3 10s. Fat Pigs.—Choppers £3 to £4 17s Gd, extra heavy baconers £4 17s 6d, heavy £4 to £4 7s Gd, light £3 5s to £3 17s 6d (average price per lb Gd to 7d), heavy porkers £3 to £3 10s, light £2 7s 6d to £2 17s 6d (average price per lb 7d to 8d). Store Pigs.—Large stores £2 5s to £2 10a, medium £1 18s to £2 4s, small £1 7s to £1 12s, weaners 17s to £1 3s, small weaners 9s to 12s. BURNSIDE STOCK SALE. Dunedin, Nov. 29. On account of show week, the stock sales at Burnside were held to-day. Usually on sucti occasions the yardings are small, but to-day there were excellent yardings of lambs and fat cattle, with moderate yardings of sheep and pigs. The quality on the, whole was good and prices for sheep were equal to late rates. This was caused by the smaller yarding offered. The fat cattle market lacked buoyancy and the prices realised to-day failed to reach last week’s rates. Fat Cattle. —A large yarding, numbering 232 head of good quality. The sale opened with a very sickly tone, buyers assuming the most indifferent attitude. Prices were even lower than last week’s low rates, heavy cattle showing a. decline of 10s 6d per head. Prime ox beef was worth up to 26s per 1001 b. Prime bullocks realised from £l2 to £l4 10s; medium £8 10s to £ll, light and unfinished sorts from £7 upwards, prime heifers £9 to £lO 10s, light and aged from £5 upwards. Sheep.’— A moderate yarding of fair quality, numbering 1567 head. The sale opened slack at prices about on a par with late rates, but competition quickly improved as far as handy weights were concerned rrd prices advanced Is per head. In the case of heavy-weights, however, there was another decline which ranged from Is to Is 6d per head. Prime wether mutton was worth up to 3%d per lb, and heavy-weights %d per lb less. Prime woolly wethers realised from 21s Gd to 25s Gd, medium 19s to 21s, lighter kinds from 16s upwards. Woolly ewes realised from 12s 9d to 18s 9d per head. Extra prime heavy-weight shorn wethers made up to 23s 3d, prime 19s to 22s Gd, medium 16s f.d to 18s 3d, lighter kinds, from 14s 6d upwards. Shorn ewes made from 12s to 15s 6d per head. Spring Lambs.—A large yarding of gortd quality, numbering 430 head. There was good competition and tho prices realised were equal to last week’s rates. Values ranged from 14s 6d to 25s 6d per head. Prime lamb was worth about 7d per lb. Store Cattle.—A small yarding was offered, the quality and breeding of which were not good. There was a very slack demand and sales were difficult to effect.

Pigs.—a medium yarding, all classes being represented. Suckers and small pigs sold exceptionally well, while larger pigs realised prices about equal to late rates. Best baconers made from 7d to 7’4.d per lb, and best workers from 7?fd to 8d per lb.