COMMERCIAL.

Taranaki Daily News, 30 September 1922, Page 2

COMMERCIAL.

FOREIGN EXCHANGES. THE LATEST RATES. By Telegraph.—Press Assn.—Copyright. London, Sept. 28. Following are the current exchange rates, a comparison being given with the last report (Sept. 25) and par:—

LONDON MARKETS. London, Sept. 28. At the rabbitskin sales 1689 bales were offered and 1430 sold. All furriers' Borts' averaged 25 per cent, above the July prices." The advance was moat marked. In the lower grades there was little change in furriers’ sorts, but the tendency was mostly easier. New Zealand's were about 10 per cent, down and were mostly withdrawn, not reaching the limits. Hareskins, strong demand 5 to 10 per cent, advance. At the Liverpool wool sales there was keencompetition for all sorts. Prices were fully firm at a parity with last sales. At the Hull sales best wools sold in sellers’ favour. At Bradford there was good inquiry, but was restricted owing to the high prices; 64’s 58d, 56’s 21d, 50’s 21%d, 46's 14 %d. AUSTRALIAN MARKETS. Melbourne. Sept. 29. Hides.—Market very keen and values very flrm at last week’s rates, except for heavies and specially cared-for parcels, which advanced %d. Barley.—Little inquiry; English 3s 6d. Oats.—Dull; feed 3s 7d. . Potatoes.—£6 19s to £8 ss. Onions.—£lo 10s to £ll 10s. PRODUCE FROM INDIA. Received Sept. 29, 5.5 p.m. Delhi, Sept. 28. Restrictions on the export of wheat, flour, and other food grains and pulses have been removed. ADDINGTON STOCK MARKET. BETTER PRICES FOR FAT CATTLE AND - SHEEP. Christchurch, Sept. 27. At the Addington market to-day there were smaller yardings and an improvement In prices for fat stock. Store Sheep.—An average yarding. Dry sheep met an excellent demand, but ewes and lambs sold with less freedom than usual. Good forward 6 and 8-tooth halfbred wethers 22s to 23s 2d, 4,6, and 8-tooth wethers 17s 9d to 19s lid, three-quarter bred ewe hoggets 22s to 22s 6d. good crossbred 20s id, cull crossbred IBs sd, mixed sex hoggets 15s to 17s Gd, three-quarter bred wether hoggets 16s 3d to 16s Gd, crossbred wether hoggets 15s 6d to 16s, good failing-mouthed ewes and lambs 16s 3d (all counted). Spring Lambs.—A yarding of 102, compared with 53 last week. There was a really good sale, the price per lb being Is to Is 3d. Prices ranged from 26s Gd to 35s 6d per head. Fat Sheep.—The yarding was slightly below the average, and a brisk unarket resulted, there being an advance of 2s to 3s per head. Over the three past weeks the rise has been equal to 7s per head. Extra prime wethers made 35s to 38s 9d, prime 30s to 34s 6d, medium 36s Gd to 39s Gd, light 23s to 26s 3d. Extra prime ewes 31s 9d, prime 25s to 28s 3d, medium 22s Gd to 24s 9d, light 20s 6d to 22s 3d. Prime hoggets 24s 6d to 26s lOd, ordinary 20s to 245.

Fat Cattle.—The smallest yarding for some time, comprising 245 head, of which 61 were from the North Island. There was an advance in prices of 25s per head, the bulk of the beef selling at from 32s to 45s per 1001 b. Extra prime steers made £l6 to £lB 10s, prime £l3 7s 6d to £l5 ss, medium £ll 5s to £l3 ss, light £7 10s to £lO 15s. Extra prime heifers £l3 7s fid, prime £9 to £ll 10s, ordinary £6 10s to £8 10s. Extra prime cows £l3 ss, prime to £ll. Vealers.—The general quality was again poor. Anything fit for killing sold well at late rates. Runners made to £4 12s, vealers £3 10s to £4 ss, small calves 8s upwards. Store Cattle.—A poorer demand, prices not being so good as during the past two weeks. Thre-year steers made to £4 3s, yearling heifers £2, fresh cows £1 10s to £2 10s, old cows 15s to 30s. Dairy Cows.—A big yarding of very indifferent sorts. The demand was fair, at a price, hut it was difficult to unake sales. Extra good second and third calvers realised £lO. 10s, ordinary to good second and third calvers £3 10s to £7 10s, good springing heifers £7 10s, medium heifers £2 10s to £5 10s. Fat Pigs.—A medium yarding. Porkers and haconers met with a good sale and showed an advance on late rates. Choppers made £4 to £lO, light baconers £3 15s to £4 ss, heavy £4 10s to £4 19s 6d (average price per lb 6%d to 7%d), light porkers 45s to 70s, heavy 52s to 60s (average price per lb 7%d to B%d). Store Pigs.—A spirited demand and a really good sale. Good stores made 40s to 455, medium 34s to 395. small stores 16s to 30s, weaners 16s to 225, sows in pigs £5. BURNSIDE STOCK SALE VARIATION IN PRICE. Dunedin, Sept. 27. Prices varied greatly at the Burnside stock sale to-day. Beef depreciated in value, whilst fat sheep and pigs improved in price as compared with last week. Fat Cattle.—A yarding of 266 head, a large supply, a good proportion of which consisted of animals of excellent quality. Competition from northern buyers having ceased, bidding was confined to the local trade. The sale opened at a reduction of from 15s to £1 per head, as compared with last week’s rates. As the sale progressed the decline became more pronounced and medium and light sorts were

easier to the extent of 30s per head. Prime beef sold on a basis of 27s fid to 30s per 100 lb for prime ox. Medium quality ox brought 24s 6d to 26s fid, prime heifer to 235, cow beef to 20s. Extra prime heavyweight bullocks realised up to £l6 15s, prime £ll to £l3, medium £9 5s to £lO 15s,* light and unfinished sorts from £7 10s to £8 15s. Prime heifers realised from £6 10s to £7 10s, medium £5 to £6, light and aged from £4 10s upwards. Fat Sheep.—lB64 head were yarded and prices for all classes showed an advance of from Is fid to 2s per head. This was due entirely to the short supply. Competition was very keen and was confined solely to local butchers. Prime wether mutton sold at 4%d to 4%d per lb. medium 4d to 4%d, prime heavy ewe mutton 3d to 3%d. Spring Lambs. —Six spring lambs, the first of the season, were offered. There was keen competition for them, and they realised up to 54s per head. Considering the size and condition of the animals, the prices are a record for the yards, working out on a basis of probably Is lOd per lb. Store Cattle. —The large yarding Included several pens of three and four-year-old steers, in good condition. The prices realised were not"satisfactory to the vendors. A number of animals realised from £5 15s to £6 10s per head, but three or four pens were passed in unsold. The sale lacked animation throughout and prices for all classes showed a reduction of from 15s to £1 per head. Dairy Cattle.*—Gloat on 100 head were offer*

ed and prices showed no improvement on those of last week. Pigs were in short supply, and prices advanced considerably in consequence. Competition was very active and porkers realised from 10s to 15s, and haconers about 5s per head above last week’s rates. Prime baconers were worth 5%d to Gd per lb, and priune porkers 8d to B%d. THE PIG MARKET. At Newton King, Ltd.’a New Plymouth haymarket yesterday there was a large penning of pigs. Weaners and slips made from 12s 6< to 18s, stores 27s to 375, according to aize and condition.

Sept. 28. Sept. 25. Par; Montreal (dol.) .. 4.39% 4.42% 4.866 New. York dol.).. 4.39% 4.42% 4.866. Paris (fr.) 57.59 57.65 25.255 Stockholm (kr.) .. 16.67 16.61 18.159 Christiania (kr.) .. 25.85 26.17 18.159 Copenhagen (kr.) 21.25 21.17 18.159 Berlin (marks) .. 7400 6175 20.43 Rome (lire) ...... 104 104% 25.255 Is 3%d Yokohama, ....... 2s 2%d 2s 2%d 2s 0%d Hongkong 2s 7d 2s 7d 2s