COMMERCIAL.

Taranaki Daily News, 28 January 1922, Page 2

COMMERCIAL.

SOUTHERN MARKETS. STEADY BUSINESS. By TelegrajJff—Press Association. Christchurch, Last Night. Quite a steady amount of business has been done during the week, particularly in oats, which have been quite lively. A number of inquiries from 'Australia caused a stir among oversellers and as a result of business done values in oats have gone up lid to 2d. Some good parcels were sold during the week, but yesterday the demand showed an easing off. Practically all' Algerians available have been disposed of. It is stated that there has been a growing inquiry lately for wheat for early delivery, some millers having allowed their supplies to become pretty low. On the other hand a number of millers have quite a lot of old season’s wheat to grist before they will have any need to look around for new grain.

Perennial and Italian ryegrass is reported to be a little firmer, due no doubt to reports that threshing results in connection with these* lines have not been very favorable, the protracted spell of dry weather causing a lot of seed to wither instead of ripening properly. For a similar reason a lot .of cocksfoot will not be up to the usual quality. No sales of this seed have been reported during the past few days. Merchants state that they have not heard any reports of blight among the potato crops in North Canterbury, whatever may be the case in the South, and they say that the present weather is conducive to a, good crop. A fair amount of business is being done for forward particularly April and May.

HAWKE’S BAY RAM FAIR. Hastings, Last Night. The Hawke’s Bay ram fair was continued to-day in bad weather. There was no demand for Lincolns, but a good entry. Border Leicesters were a small entry and brought fair prices. Southdowns were in demand and reached 10 guineas in studs. Best Romneys ranged from 12 guineas to 31 guineas, the top of the market. Southdowns, a small entry, brought a top price of 24 guineas. BUTTER AND CHEESE. CHEESE ADVANCES. By Telegraph.—Press Assn. —Copyright. London, Jan. 26. The colonial butter market i’ slightly less active, principally owing to a reduction of 20s in th 3 price of Danish, which is now selling at 180 s, but consumption is still satisfactory. Salted New Zealand choicest is quoted at 140 s to 1455, secondary 125 s to 130 s, choicest unsalted 140 s to 1425, secondary 125 s to 1355. Cheese is firmer and the demand is improving. New Zealand white 90s to 925, colored 94s to 965, Australian white 84s to 86s, colored 88s to 90s. Importers are complaining bitterly of delay in dscharging New Zealand butter from ships, notably the Tainui, which arrived on January 5, and only a few boxes have been discharged. The Raranga arrived on January 14, and none is yet un-loaded.—Aus.-N.Z. Cable Assn. LONDON TALLOW MARKET. London, Jan. 25. Tallow is in poor demand and no sales were held. MELBOURNE HIDE MARKET. Melbourne, Jan. 27. The hide market is firm, stouts showing a substantial advance of -jd. Other grades are unchanged. AUSTRALIAN MARKETS. STATEMENT BY BAWRA CHAIRMAN. r Melbourne, Jan. 27. Barley.—English, 4s 5d to 4s 7d. Oats. —Milling, 3s 4d; seeding, 3s 2d to 3s 3d. Maize, ss. Potatoes, £3 10s to £4 10s. Onions, £6 10s to £7 ss. Adelaide, Jan. 27.

The South Australian wheat standard for the season 1921-22'has been fixed at 601 b per bushel. A statement by the chairman of the Wool Realisation Association shows that in the past year, including New Zealand carry-over wool, which was almost wholly crossbred, the disposals of Bawra offerings totalled 139,000 bales. Stocks in hand at January 1 totalled 634,000 bales, including 37,000 greasy crossbred, 126,000 slipes and 128,000 scoureds. There was still 399,000 bales of Bawra wool in the Commonwealth, which it is proposed to ship at the rate of approximately 30,000 bales monthly. It is expected the whole will be consigned by the end of the year.

A NEW SOUTH WALES LOAN. London, Jan. 26. A New South Wales conversion loan of £7,000,000 at 6 per cent, issued at £97, has been underwritten. INGLEWOOD SALE. (From Our Own Correspondent.) There was but a small yarding for Newton King, Ltd.’s sale on Wednesday, nor was the attendance large. Two-tooth wethers macle Ils 3d, small heifer calves sold at from Ss 6d to 14s (id, better quality 22s 6d to 265, store cows made from 17s to 40s, anti bulls from 20s to 60s. ADDINGTON STOCK MARKET. LAMBS UP 3s PER HEAD. Christchurch, Jan. 25. The improved tone of the lamb market at Home was reflected in to-day’s Addington sale, there being a rise on last week of 3s per head, or fully 6s in a fortnight, a full ring of exporters operated keenly hrougljout, and paid on an average 7£d to 8d per lb. Mutton was a shade better, but beef, on account of an excessive yarding, receded in value. Apart from this section, it was the best sale at Adding--1 ton for a long time.

Store Sheep.—A big yarding and a particularly keen sale, especially for lambs, and the demand was unsatisfied. Values for all classes were well ahead of last week. Forward lambs realised 14s to 15s lid, ordinary 10s 6d to 13s 6d, small and inferior 6s 9d to 10s, cull 3s lid to 5s 6d, two-tooth ewes 13s 4d to 13s 7d, four and six-tooth ewes 12s 4d, two and 4-tooth wethers 9s 7d to Ils 9d, inferior 2 and 4-tooth wethers 7s 2d to 8s 6d, culls 6s Id to 6s Bd.

Fat Lambs. —A very small proportion went f butchers. One line for export

brought 27s per head. Extra prime lambs realised 24s 3d to 28s Id, prime 21s 6d to 245, medium 17s 9d to 21s 3d, inferior 14s 9d to 17s 6d.

Fat Sheep.—A smaller yarding and a slight appreciaticin in prices. Wether mutton sold at 4d per lb, and above exporters’ rates, few going to them. Extra prime wethers realised 23s 6d to 26s 6d, prime 19s 6d to 235, medium 17s to 19s 3d, inferior 13s lOd to 16s 9d, extra prime ewes 20s to 25s 2d, prime 14s 9d to 18s, medium 12s 3d to 14s 6d, inferior 9s 6d to Ils 9d.

Fat Cattle. —An over-supply, 360 head being yarded. Last week’s recovery was practically lost. Prime beef sold 27s 6d per 1001 b, but secondary was about 22s 6d. Extra prime steers ealised £l4 15s, prime £9 to £l2 15s, medium £6 15s to £8 17s 6d, lighter £5 to £6 12s 6d, prime heifers £5 5s to £7 ss, ordinary £3 10s to £5, prime cows £5 to £7 7s 6d, ordinary £2 15s to £4 17s 6d. Store Cattle.—A small entry. Two-year-old steers made £2 ss, yearlings 25s to 33s 6d, two-year-old heifers £3 10s to £4 2s 6d, yearlings 35s to 42s 6d, medium cows 24s to 28s 6d, aged and inferior cows 10s to 16s.

Dairy Cattle.—The demand was not keen, but good cows close to calving sold well. Good second and third calvers, springing £8 to £l3 10s, good three-year-old springing heifers £9 10s to £l2 10s, medium £5 to £8 10s, sound cows just calved, with calf at foot £l4 10s, inferior cows and cows in milk 10s to £4 10s.

Vealers.—Runners £4 12s 6d, good vealers £2 to £2 10s, small 10s to £1 ss, small calves 5s to 8s 6d.

Fat Pigs.—xAn improved demand, and prices were a shade better. Choppers made £2 10s to £5, light baconers £2 15s to £3 ss, heavy £3 12s to £4 3s (average price per lb 5d to light porkers £1 18s to £2 ss, heavy £2 7s 6d to £2 12s 6d (average price per lb 7d to 8d).

Store Pigs.—Prices were up several shillings. Best stores 34s to 38s, medium 28s to 335, small 13s to 20s, weaners 9s to 13s, sows and litters £3 10s.

WAIKATO MARKET. The Farmers’ Co-op. Auctioneering Co., Ltd., Hamilton, report:—At Hamilton on Tuesday, January 24, we had a small yarding of all classes of stock with the exception of store cattle which were poorly represented. Beef showed slight improvement on the previous week. Steers which were few in number made to £6 10s for medium weights, heavy cows realised up to £5 Is, lighter weights £2 10s to £4, empty cows £1 9s to £1 16a, bulls £1 6s to £2 Is. Sheep were in good supply and under strong competition sold at rates well advanced of late rates. at wethers made from 13s 7d to 15s 6d, fat ewes 10s to Ils 7d. A pen of well fatted Shropshire ewes reached 12s 9d, second quality 8s sd. Li’mbs were again in great demand, best stores reaching 10s, others 4s 8d to 6s 6d. The yarding of pigs was heavy and prices fully equal to and in the case of porkers primer than the previous week. Baconers made from. £2 5s to £2 12s 6d, porkers 30s to £2, slips 16s to 225, weaners 12s 6d.