COMMERCIAL

Taranaki Daily News, 17 December 1921, Page 2

COMMERCIAL

AUCKLAND CITY LOAN. By Telegraph.—Press Assn.—Copyright. London, Dec. 15. A Victorian loan Is reported to be imminent. The City of Auckland £400,000 6 per cent, loan was issued at 94. , LONDON MARKETS. The New Zealand Loan and Mercantile Agency Company, Ltd., have received the following cablegram from their London house under date December 14:— Tallow.—We quote present spot values for the following descriptions: Fine mutton, £2 3.; per cwt.; good beef, £2 Os 6d per cwt.; mixed, £1 15s per cwt. Quotations are more or less nominal. The market Is inactive, and sale by auction has been suspended. New Zealand Frozen Meat.—Prices unchanged. The market is quiet. POOR DEMAND FOR TALLOW. London, Dec. 14. Owing to the poor demand the tallow sales will not be held till January 11. AUSTRALIAN MARKETS. Sydney, Dec. 15., ' At the wool sales competition was very keen, all buyers operating freely. Greasy combings realised 32%d; the prices • of fine merinos increased 10 per cent.; good quality bellies and pieces and fine crossbreds increased 10 to 15 per cent.; strong haired wools increased 7% per cent, compared with the closing November rates. Oats.—Algerian feed 3s 3d, white 3s lid to 4s. Maize.—Yellow 5s 3d to 5s 4d; white 5s 2d to 5s 3d. Potatoes.—-Local, new £8 to £9, Tasmanian, new £ll, old £7 to £B. Onions.—Local, new £6 10s to £7, old £3 15s, Victorian £3 10s to £4. Adelaide, Dec. 15. Oats.—-Algerian feed 2s id. Melbourne, Dec. 16. Barley.—English 4s 4d. Oats.—2s 7%d and 2s 9d. Potatoes. — £4 to £7. > Onions.— £4 to £4 10s. MELBOURNE HIDE MARKET. Received Dec. 16, 5.5 p.m. Melbourne, Dec. 16. Hides.—Stouts and heavies showing substance were firm at unchanged notes. Kips, sloppy and inferior parcels showed a farthing decline. THE FALL IN BUTTER. POSITION IN AUSTRALIA. Sydney, Dec. 16. Butter interests are alarmed over the falling prices of butter in London, and are pressing for information of an Australian pool, with a view to building up a reserve and checking the rapid decline of prices at a time when they are allegedly lower than th? cost of production. STUD RAMS. AN IMPORTANT SALE. By Telegraph—Press Association. Palmerston N., Dec. 16 The fourth annual sale of the stud flock Romney Marsh rams, on account of Mr. Ernest Short, Parorangi, took place yesterday. Special interest attached to the fixture because it was the first Dominion ram sale of the season, and probably the first occasion on which a stud stock sale was conducted on a long credit basis. Competition for Stua raims was limited. Prices ranged from 15 to 60 guineas. The top price was paid by Mr. K. E. Ryder, Marton, for a Perrier ram. NEW PLYMOUTH HAYMARKET. At Newton King, Ltd.'s, New Plymouth haymarket yesterday weaner pigs made up to 10s, slips to- 17s, small stores 255, and big stores 40s. ADDINGTON STOCK MARKET. RECOVERY IN FAT LAMBS. Christchurch, December 14. A notable feature of the Addington market to-day was a substantial recovery in fat lamb values. Last week there was an oversupply and prices touched the lowest point for a number of years. To-day brought a very small yarding, due in a measure to the freezing works opening on December 19, and values jumped up about 8s per head. Mutton was slightly dearer, but beef showed a further weakening.

Store Sheep.—A bigger yarding and a slightly healthier sale, although there was no advance in values. Good 2-tooth wethers realised 7s 6d to 8s 4d, ordinary 5s 3d to 6s 4d, cull 3s lOd to 4s, 2 and 4-tooth wethers 6s 9d to 8s Id, woolly wether hoggels Bs, forward 4. and 6-tooth wethers 10s Id to 12s Id, ordinary 8s 8d to 9s Id, 2-tooth ewes 10s sd, aged ewes and lambs 3s (all counted), sound and failing-mouthed ewes and lambs 6s 6d (all counted). Fat Sheep.—A small yarding with . a small proportion of prime wethers. For these there was an advance of Is 6d per head, and medium quality was practically the same. Extra prime wethers realised 22s 9d, prime 18s 9d to 21s 6d, imedium 15s 9d to 18s 3d, lighter 12s to 15s 6d, extra prime ewes 17s 7d to 19s 3d, prime 15s to 17s 3d, medium Ils 9d to 14s 9d, light and inferior 6s 9d to Ils 3d. 1 Fat Lambs.—76o were penned, compared with 2230 last week. There was an active demand by butchers and most of the lamb sold at from 5%d to 6%d per lb. Extra prime iambs realised 25s to 31s, prime 20s 6d to 24s 6d, medium 17s to 20s, light and inferior 12s 9d to 16s 9d. Fat Cattle.—A big yarding of 363 head. There was a further decline in prices, and prime beef sold at from 27s 6d to 30s per 1001 b, secondary 22s 6d to 255. Cow beef was unsaleable. Extra prime steers realised £l4 12s fid to £l6, prime £-10 5s to £l3 ss, medium £7 10s to £lO, lighter steers £5 to £7 ss, prime heifers £7 2s 6d to £8 17s 6d, ordinary £4 10s to £7, prime cows £5 7s 6d to £8 7s 6d, ordinary cows £3 to £5 ss. Vealers.—Runners £5 10s, good vealers £3 2s 6d, cnedlum £2 10s, good calves £1 to £1 10s, small calves 5s to' 15s. Store Cattie. —A large yarding and a fairly good demand. Three-year-old steers realised £3 10s to £4 ss, two-year-olds £2 10s io £2 18s 6d, yearlings £1 5s to £1 15s, twoyear heifers £4 10s, yearlings £1 10s to £2, fair cows £2 to £3, medium and inferior cows 15s to £1 ss, good bulls £4 ss, inferior bulls to £3.

Dairy Cattle.—Extra good fourth calvers £l2 to £lB, second and third calvers, sound and close to calving £6 to £lO, springing heifers £5 to £9 10s, aged and inferior cows £1 to £1 12s. Fat Pigs.—A large entry and a moderate demand. Prices were on a par with last week’s. Choppers £2 to £4 7s, light baconers £3 6s to £3 10s, heavy £3 17s Od to £4 5s (average price per lb 5%d to 6%d), light porkers £2 6s to £2 12s 6d, heavy £2 15s to £3 5s (average price per lb to 8d). Store Pigs.—-Medium stores £3 to £3 7s, small 22s to 295, weaners 7s to 9s. BURNSIDE STOCK MARKET. VALUES EASIER IN MOST DEPARTMENTS. Dunedin, Dec. 14. Each department of fat stock was well supplied at Burnside to-day. Last week's advance in prices for sheep was not maintained, while values for laimhs, pigs, and fat cattle were also easier, being in striking contrast to the prices which ruled at the corresponding sale a year ago. Fat Cattle.—A large yarding of 221 head of medium qua'lity. The market opened on a par with last week’s rates hut fell away towards the finish, prices declining by 16s to 15s per head. Prime ox beef was worth on the average 24s per 1001 b, medium quality 21s to 325,' and cow beef, a good deal less. Extra prime bullocks realised to £l4 10s, prime £ll 10s to £l3 10s, medium to £lO, light £5 10s upwa’-ds. i*«if ~ “*■ 10s, a 4 io £5.

Sheep.—A large yarding, numbering 3124 head, the bulk of which was snorn. There was an increased number of ewes of mixed quality. The wethers offered were good on the whole, several pens being extra prime. Competition was not brisk, and the demand for inferior quality was particularly slack. Other sorts showed a reduction of 2s 6d per head as compared with last week’s rates. Prime medium-weight wethers were worth 3%d per lb heavy-weights a fraction less, and ewes under 3d. Extra prime heavy-weight shorn wethers, from 24s 9d to 27s 6d, prime 19s io 22s 9d, medium 16s 6d to 18s 6d, lighter kinds from 14s upwards, shorn ewes Ils to 18s 3d, woolly wethers 16s to 225, woolly ewes, from 12s 6d to 20s. Spring Lambs.—An extra large yarding, numbering 1011 head. In consequence of the large supply, the demand was below last week’s level. A good proportion of the yarding consisted of lambs of small size, while only a small number of pens contained animals in the pink of condition. The prices realised ranged from 9s 6d to 18s 9d, the bulk of the entry being sold at about 12s. Values receded by 2s to 3s per head, prime lambs being worth about 4%d per lb. Prime Cattle.—A good yarding of mixed quality was offered. The bulk of the yarding comprised young and backward cattle. There were very few buyers, and It was difficult to effect sales even at the low rates ruling. Pigs,—An extra large yarding, all classes being well represented. The sale lacked buoyancy, especially in respect to large pigs, which suffered a reduction of 10s per head, as compared with last week’s rates. Porkers did not suffer to the same extent. Prime baconers realised from 6d to 6%d per lb, and prime porkers from 7%d to 7%d per lb.