COMMERCIAL.

Taranaki Daily News, 7 January 1922, Page 2

COMMERCIAL.

AUSTRALIAN MARKETS. By Telegraph.—Press Assn.—Copyrrgbt. Melbourne, Jan. 6. Barley.—English, 4s 4d to 4s 6d. Oats, 2s 9d to 3s. Potatoes, £5 to £G. Onions, £4 5s to £4 10s. AUSTRALIAN COMPANY. PURCHASED BY LOAN AND MERCANTILE. Sydney, Jan. 6. It is stated that the Pastoral and Financial Association was sold to the New Zealand Loan and Mercantile Agency Qompany for £lO,OOO cash on signing the contract and £35,000 subsequently, subject to 140,000 bales of wool being received from former clients of the association. The Town Hall will be opened for business next Saturday and subsequent Saturdays. SOUTH AUSTRALIAN LOAN. London, Jan. 5. The South Australian loan has been fully subscribed. Received Jan. 6, 5.5 p.m. London, Jan. 5. The South Australian loan was oversubscribed the day before the date fixed for closing the list.—Aus.-N.Z. Cable Assa. AN AMERICAN LOAN. New York, Jan. 5. An American syndicate is floating a 40,000,000-dollar loan for the Dutch East Indies in 25-year external 6-per-cent. gold bonds, the price to yield 6$ per cent. LONDON MARKETS. London, Jan. 5. In the absence of buyers business in wheat cargoes is practically at a standstill. The quotations vary with the fluctuations in America and Winnipeg, but without bids it is difficult to determine values, Australian January-February is nominally quoted at about 50s, parcels ditto. Fair business was done in spot, Australian ex quay at 53s 6d. Flour. —Quiet; Australian ex store 43s to 43s 6d. Oats. —Firm. Beans and Peas. —Quiet and unchanged. Sugar.—Granulated, 46s 6d. Wheat freights are easier. Fixtures for South Australia and Victoria 47s 6d. Cheese.—ln slow demand; New Zealand 84s to 86s.

The New Zealand Loan and Mercantile Agency Company, Ltd,, have received the following cablegram from their London house, under date January 4:

Tallow: We quote present spot values for the following descriptions: Fine mutton, £2 3s per cwt.; good beef, £2 per cwt; mixed, £1 14s 9d per cwt. The market is quiet. Sale by auction has been resumed. New Zealand frozen meat: Lamb, 7§d per lb; wether and maiden ewe, light, sgd per lb; heavy, 4Jd per lb; ewe,, light 4]d per lb, heavy 3Ad per lb. Frozen beef, Ox, hinds 4Jd per lb, fores 3id per lb; cow, hinds 3Jd per lb, fores 2£d per lb. Messrs. Dalgety and’Company, Ltd., report having received the following cablegram from their London house under date January 4: “'fallow: Market very inactive. Since our last wire prices are par to Is lower. Fine mutton, 43s to 445; good mixed, 395; gut, 335.”

LONDON PRODUCE MARKET. Messrs. A. H. Turnbull and Co. have received cable advice from Messrs. W. Weddel and Co., Ltd., regarding the dairy produce market, as follows: Danish butter, 154 s to 158 s (last week, 174 s to 1765); New Zealand cheese, white, 86s to 90s (last week, 90s to 945); colored, 86s to 92s (last week, 88s to 945). Market improving. New Zealand butter, first grade, salted* 120 s to 130 s (last week 140 s to 1455). Rather better demand at the lower price. POULTRY MARKET. Messrs. Webster Bros, report a small entry for their sale of poultry yesterday. Hens brought from 2s 6d to 3s 6d, and chickens from 4d to Is. Messrs. L. A. Nolan and Co. had a good entry and report prices as follows: Hens, Is 6d to 2s 3d; cockerels, small 8d to Is 4d, large 2s 6d to 3s 6d; chickens, 2d to 4d; ducklings, 2s 3d. NEW PLYMOUTH HAYMARKET. At Newton. King, Ltd.’s, New Plymouth Haymarket yesterday a few pens of good slips were offered, prices varying from 15s to 17s 6d. ADDINGTON MARKET.

OVER-SUPPLY OF BEEF. Christchurch, Jan. 4. A_t Addington market to-day there was an over-supply of beef and prices were further reduced by about 20s per head. Mutton was easier by 2s to 2s 6d per head. Lambs gold well, freezing buyers operating freely, up to 5Ad per lb. They also bought a fair proportion of ewe and lighter wether mutton, the store stock market dragging. For store sheep there was practically no demand, only a few pens selling. Good forward 4 and 6-tooth wethers were “passed” at 13s 2d, inferior 4 and W-tooth wethers made from 7s 2d to 7s 4d, and fair two-tooth wethers 6s 3d. Fat Lambs.—49oo yarded. A complete clearance. Extra prime lambs made from 18s 3d to 30s, prime 16s to 18s, medium l'3s 9d to 15s 9d, inferior Ils to 13s Gd. Fat Sheep.—A moderate yarding and poor sales, butchers having supplies from the previous market. Freezers took a good proportion of suitable weights. Extra prime wethers brought 22s Id, prime 16s 9d to 18s 9d, medium 14s 9d to 16s 6d, light and unfinished 12s to 13s 9d, prime ewes 13s to 14s 9d, medium Ils 3d to 12s 9d, light and unfinished 6s fid to Ils.

Fat Cattle.—4o9 yarded, the lowest entries for beef for a long time, the bulk selling at up to 25s per 1001 b. Extra prime steers made from £l2 15s to £-14 10s, prime £9 5s to £l2 10s, medium £6 7s fid to £9, inferior £4 15s to £6 ss, extra prime heifers 1 £9 17s fid, prime £6 to £7, ordinary £4 7s fid to £5 17s fid, prime cows £4 10s to £6, ordinary £2 10s to £4 ss. Store Cattle. —Two-year-old steers brought £3 3s, yearling 275, two-year-old heifers £B 10s to £3 10s, yearling £2 to £8 12s Gd. Dairy Cattle.—Prices were on a par with late rates. Good second and third year culvers made from £6 to £l2, good first calvers £5 to £9 10s, inferior cows and cows in milk 10s to, £3 10s, vealers and runners to £4, good vealers £2 5s to £3, medium £1 10s to £2, small 15s to £1 ss, small calves 5a

to 12s Gd. Fat Pigs.—-A weak demand and prices were slightly lower. Choppers brought from £2 10s to £4, light baconers £2 15s to £3, heavy £3 5s to £3 15s, extra heavy £4 10s (average price per lb was sjd to 6d), light porkers £1 10s to £1 17s, heavy , £2 to 7s fid (average price per lb 6d to 7d). Store Pigs. —'Prices hardened to some extent. Medium stores made from 2*2s Gd to 265, small 14s to 21s, good weaners 13s 6d to 18s fid, small 7s fid to 12s Gd, sows in pig to £2 os.

BURNSIDE SALES. GOOD SUPPLY OF FAT STOCK. Dunedin, Jan. 4. The Burnside sales were well supplied with fat stock to-day. Values for fat cattle and lambs were decidedly easier. Inferior ewes were also cheaper, but porker pigs were a little firmer in price. Fat cattle, a large yarding numbering 250 head of good useful animals. Competition was slack at the commencement of the sale and did not improve at the end of the day. Only prime bullocks met with any competition and for these prices receded to the extent of 30s per head below opening rates. Ox beef was worth 25s per 1001 b, medium quality 21s to 245, prime bullocks realsed from £l2 10s to £l4, medium £lO to £ll 10s, light and unfinished sorts from £7 10s upwards, prime heifers realised from £8 to £lO, medium £G 10s to £7 10s, light and aged £4 upwards. Sheep.— A medium yarding numbering 1677 head, the quality of which, with the exception of a limited number of wethers, was of a secondary description. Prime wethers sold at prices on a par with last sales rates, but inferior classes were back Is to 2s per head, prime wether mutton barely made 8d per pound, prime wethers realised from 18s to 20s, medium 15s to 17s Gel, lighter kinds from 12s upwards, prime ewes realised from 13s 9d to 15s, medium Ils. to 12s Gd, light and aged from 5s fld upwards.

Lambs. —A large yarding, numbering 1097 head of fair-medium quality. Fortunately for vendors the buyer for freezing purposes was operating and preventing what would otherwise have been a disastrous sale. Even with the new buyers in competition lambs were back fully 3s per head, compared with the Christmas sales’ rates. Extra prime lambs realised up to 30s, others from 9s to 18s.

Store Cattle.—A small yarding, the poorest assembly this season. Only a few sales eventuated and the prices realised were only nominal. Pigs. —A small yarding and in consequence porkers met with fair demand, but beconers sold at prices equal to late rates. Best baconers realised, from Gd to 6£d per lb and best porkers from 7d to per lb.