COMMERCIAL.

Taranaki Daily News, 18 March 1922, Page 2

COMMERCIAL.

AMERICAN WOOL TARIFF. By Telegraph.—Press Assn.—Copyright. Washington, March 16. The Senate Finance Committee, which is considering the wool schedule of the Fordney Tariff Bill, heard various witnesses. It is stated that an effort is being made to have ,a duty of 15 cents per lb. provided for low grade wools, such as the South American tjpe. Senator Goodihg stated that the sheep industry had suffered greatly, the number decreasing from 64 millioais to 33 millions during twenty years. Other witnesses pointed out that'the Fordney Bill, as passed by the House, provided rates that would not exceed 85 per cent, ad valorem. They asked that only specific rates be included in tie permanent tariff, all duties being bused on clean wool, which would work out at 33 cents per lb. scoured, 22 cents washed, 11 cents greasy. LONDON MARKETS. London, March 16. The cargo market Is -weak, with continued pressure to sell from the Argentina. Prices declined Gd to Is. . There is very dull trade in spot Australian ex ship at 63s 6d. Flour. —Steady and cheaper. Australian, ex store, 47s 6d to 48s. Oats.—-Steady. New Zealand landed '37s to 38s. Beans and Peas.—Steadily held and unchanged. Sugar.—Granulated 47s 6d. ■ STOCK EXCHANGE HEAVY London, March 16. The Stock Exchange displays a heavy tone, chiefly owing to the uncertainty of the political outlook. Consols are quoted at £55, Imperial War Loans at £92 and £96 15s. LONDON WOOL SALE. London, March 16. The wool sales again showed very strong demand for all sorts, merinos, crossbreds and slipes meeting brisk home and Continental competition at full rates. The Bradford market is very firm, but spinners are hesitant. There is better inquiry for fine crossbreds. Sixty-foufs quality, June delivery, are quoted at 50d to 51d; 58’s 36d, 56’s 27%d, 50’s 20%d, 46’s 14%d. AUSTRALIAN MARKETS. Melbourne, March 17. Parley.—English 4s 4d, Cape 3s to 3s Id. Oats, 3s .3d to 33 6d. Potatoes, £4 to £4 10s. Onions, £6 5s to £6 10s. A REPORTED AMALGAMATION. Sydney. March i 7. A rumor is being freely circulated on the Stock Exchange that Goldsborough, Mort and Harrison, Jones and Devlin are amalgamating. Shares in both companies tave advanced. ALLEGED WOOL BUYERS’ COMBINE. Melbourne, March 17. Mr. Gibson, Ip the House of Representatives, said that there were only a dozen buyers at the Launceston wool sales last week and they combined to keep prices down, with the result that the drop varied from 20 to 40 per cent. The dozen met subsequently and pooled their purchases, also the privately purchased wool passed in. HOWARD SMITH AND CO. Melbourne, March 17. Howard Smith and Co., Ltd., propose eo reduce the company’s capital by the return to shareholders of £500,000 preference capital. THE HOME MARKETS. FROZEN MEAT AND TALLOW. The New Zealand Loan and Mercantile Agency Company, Ltd., have received the following cablegram from their London house under date 15th Instant: — “Tallow.—Better market; quotations unchanged. Last quotations, March 8: Fine mutton, 42s 3d per cwt.; good beef, 41s 3d per cwt.; mixed, 35s 9d per cwt. “New Zealand Frozen Meat.—No change in market. Last quotations, Marcli 8: Lamb, 10%d per lb.; new season, UMid per lb.; wether and maiden ewes< light 7 l-8d per lb., heavy 6%d per lb.; ewe, light 5 7-8 d per lb., heavy per lb.; beef, March 1, ox, binds 4 l-8d per lb., fores 27-3 d per lb.; cow, hinds 3%d per lb., fores 2d per lb.” POULTRY SALES. Messrs. L. A. Nolan and Co. report sales of poultry at the following prices: Hens is lid to 3s, cockerels Is 4d to 3s, pullets (small) 4s 2d to 5s 3d, ducks 2s 3d to 3s. Messrs. Webster Bros, report the following range of prices: Hens 2s Bd, cockerels 9d to Is 6d, ducks 2s Bd. NEWTON KING, LTD.’S HAYMARKET. There was a full yarding of pigs at Newton King, Ltd.’s haymarket yesterday, and ,a consequent easing in prices. Stores made up to 14s, slips to 12s, wenners from 4s 6d to 9s, sows in pig £1 to £1 12s 6d, pedigree Berkshire boar £2 2s. ADDINGTON STOCK MARKET. AN ACTIVE DEMAND. Christchurch, March 15.’ At the Addington market to-day the ya-rd-ings were again large, although smaller than last week. Store ewes met with a keen sale, and forward lambs were also in active demand. Fat lambs recovered from last week’s easing. Beef was firmer, and fat sheep prices were practically unchanged. Store Sheep.—A heavy yarding, the oulk being ewes. A proportion came from distant parts of the island. The demand, particularly for good ewes, was remarkably keen, and the clearance was practically completed. Forward rape lambs made 15s to 17s Bd, good 13s to 14s 6d, medium 10s to 12s Gd, small 7s 9d to 9s 9d, cull 5s 4d to 7s 6d. Extra good two-tooth half-bred ewes realised 30s 3d, good four and six-tooth 18s Gd to 21s, ordinary four, six, and eight-tooth 16s 7d to 18s, good six and eight-tooth 22s 3d to 24s lOd, ordinary six and eight-tooth- 15s to 17s 6d, low-conditioned and Inferior four, six, and eight-tooth 9s 6d to 13s 9d, inferior twotooth ewes Ils 6d to 14s, rape 6s lOd to !»s 6d, cull 38 3d to 5s 9d. Four and six-tooth wethers to 16s Gd, fair four and six-tooth Ils 9d to 14s 3d, inferior 9s 3d to Ils 3d, good two-tooth 13s 7d. 1

Fat Lambs.—4sso were penned, compared with 5030 last week. There was a freer sale and an appreciation in values. A total clearance was made at an average price of 6%d to 7d per lb. Extra prime lambs made 23s to 255, prime 19s 9d to 22s 6d, medium 17s 6d to 19s 6d, light and unfinished 14s to 17s 3d.

Fat Sheep.-—A yarding of eleven races compared with 13 last week. The sale was somewhat irregular, and for all but very prime wethers was scarcely as keen as a week ago. Extra prime wethers made 25s to 33s 6u, prime 19s 6d to 22s 6d, medium 17s 6d to 19s 3d, lighter 16s to 17s 3d. Prime ewes 15s 9d to 19s, medium 13s 3d to 15s Gd, light 9s to 13s. Fat Cattle.—3l7 were There was a. brisker sale for prime beef, which sold at 30s to 32s 6d per 1001 b. Secondary beef was down to 20s. Extra prime steers realised to £l6 12s Gd, prime £ll to £l4 17s 6d, medium £8 5s to £lO 12s 6d, inferior £6 to £B. Extra prime heifers £ll ss, prime £6 5s to £8 17s 6d, ordinary £4 5s 6d. Prime cows £5 15s to £7 15s, ordinary £3 15s to £5 10s. Vealers. —Calves fit for butchering were in short supply, and showed a sharp advance in prices. Runners made £6, good vealers £3 10s to £4 ss, medium £2 to £2 ss, small calves 3s upwards. Store Cattle.—A small yarding, mostly of nondescript lots, snd a fair demand. Eight-

fien-month Jieifers. realised £3 10s, gojod-Awor. year-olds to £4. Two and a half-year-old steers £3 15s, two-year-old. £3 2s 6d, yearlings £2 to £3 Is. Dairy Cattle.—A fairly large yarding and last week’s prices were maintained. Good second and third cal vers realised £8 to £l2, ordinary £4 to £7 10s. Good springing heifers £l3, ordinary £7 10s to £ll. Aged and inferior cows £1 10s to £4. Fat Pigs.—A big entry and prices about equal to last week’s. Choppers made £2 10s to £5 17s 6d, light baconers £3 5s to £3 10s, heavy £3 15s to £4 10s, extra heavy to £5 (average price per lb 6%d), light porkers 45s to 50s, heavy 55s to 60s (average price per lb 8d to B%d). Store Pigs.—A big yarding and yalues fell again substantially. Good sows in pig made £4, good stores 30s to 425, medium’ stores 21s to 235, good weaners 10s, small-3s .to 6s, c ’ BURNSIDE STOCK SALE.SHEEP VALUES HIGHER, Dunedin, Mfircli 15. Large yarding of fat stock were offered at Burnside to-day. The quality was fairly good, with the exception of sheep, iWilch were much below the standard of late offerings. They were, however, higher in value. Pigs were sold at prices about the same as last week, but. fat cattle and lambs were much easier in tone. Fat Cattle.—A large yarding of good quality, numbering 24-7 head. The sale'opened, somewhat weakly, which was evidently due to th© over-supply, and at the close of the day’s operations competition became more weak and lower prices had to be accepted in order to effect sales. Frlme ox beef was wr h 22s to 23s per, 1001 b, cow beef and inferior ox about 20s. Prime bullocks realised from £lO 10s to £l2, medium. £8 10s to £lO, light and unfinished sorts’ from £7 upwards. Prime heifers realised from £7 10s to £8 ss, medium £6 to £7, light and aged from £4 10s upwards. Sheep.—A medium yarding, numbering 2352 head, the quality of which was the poorest seen at the Burnside sales for a long time. The yarding consisted mostly of second-grade ewes. The demand was brisk, any good quality beef eliciting keen competition, and the closing sale of the day was dearer than the opening one. Wethers advanced 2s 6d, and fat ewes from Is 6d to 2s per hedd above last week’s rates. Prime mutton averaged from 3%d to 3%d per lb. Extra prime heavyweight wethers realised 29s 9d, prime 23s to 27s 9d, medium 19s to 22s 6d, light and unfinished kinds from 16s upwards. Prime ewes realised from 19s Gd. to 23s 6d, medium 15s to 18s, light and ( aged from 12s upwards. Lambs.—A good yarding, numbering 1239 head of fair quality. . On account of the larged supply, prices were a shade easier compared with those wheih ruled last week. Values were down about Is per head, and varied from 15s to 23s 9d per head, which Is equal to about 6%d per lb. Store Cattle.—A full yarding was offered, the bulk of which comprised young and back-ward-conditioned animals. This class and also half-fat cows were difficult to sell, even at low prices. A number of three-year-old forward steers of good breeding realised up to £6. Pigs.— a large yarding, all classes being well represented. At the opening of the sales it was expected that values would be easier owing to the large offering, and this proved to be the case, prices declining from 5s to 10s per head. Best baconers realised up to 7d per lb, and porkers up to 7%d. WAIKATO STOCK MARKET. The Farmers’ Co-operative Auctioneering Company, Limited, report:— At Hamilton on Tuesday, March 13, beef was in plentiful supply, but met with a poor reception, values being lower than the previous week. At the conclusion of the sale, however, very little remained unsold. Best bullocks realised £8 ss, lighter weights £4 6. to £6, fat cows made to £5 10s, lighter weights from £3 to £3 15s. Store cattle generally were dull of sale, but the ' entire entry was disposed ofi Grown steers made to £4 15s for a pen of Hereford cross, low conditioned sorts from £2 7s 6d, 2%-year steers sold up to £3, good 20-month steers made £2 2s, others to 30s. The yarding of sheep was smaller than at recent sales and fats were easier. Ewes made from 9s to 10s Gd for medium quality. Breeding ewes drew good competition even inferior quality sheep changing hands easily, 14s per medium sorts f.m. was the top figure, others from Ils, culls from 6s 2d to 7s Gd. Lambs were not plentiful nor was competition strong. Those sold from 6s 4d to 7s for small frames. Pigs were again penned in record numbers, fats opening briskly, but declining somewhat towards the end of the sale. Young pigs were in strong demand throughout. Heavy baeoners made to £3 17s, heavy porkers and light baconers■’£2 8s Gd to £3, light porkers £1 12s to <£2 ss, slips £1 Is to £1 11s. best weaners 9s to 13s, others 5s 6d to 8s 6d.