COMMERCIAL.

Taranaki Daily News, 7 October 1922, Page 2

COMMERCIAL.

FOREIGN EXCHANGES. THE LATEST RATES. By Telegraph.—Press Assn. —Copyright. Received Oct. 6, 5.5 p.m. London, Oct. 5. Following are the current exchange rates, a counparison being given with the last report (Oct. 2) and par:—

TALLOW MACKET. By Telegraph.—Press Asan,—Copyright. London, October 5. Tallow.—One thousand nine hundred arid sixty-five casks were offered, and 926 sold at late rates to an occasional threepence advance on lower qualities. Mutton, fine 41s, medium 36s 6d; beef, fine 41s, medium 365. THE GERMAN MARK. London, October 5. There has been a further slump in the German exchange, which closed at 9350, owing to fresh uneasiness regarding the financial situation and the continued heavy output of paper marks. VICTORIAN LOAN CONVERSION. London, October 5. For the Victorian conversion loan, under which holders of £3,000,000 4 per cents, were offered an equal amount of 5 per cent, stock, repayable In 1935-45, the applications totalled about £1,050,000. The London and Westminster Bank provides funds at 3% per cent.’ and will pay the holders of the unconverted balance. AUSTRALIAN MARKETS. Melbourne, Oct. 6. Hides.—Market keen and values firm for all good-conditioned hides, whilst extreme lights advanced a farthing. Barley.—English 3s 9d to 3s 10%d, Cape 2s lid to 3s. Oats.—Algelan 8s 6d to 3s 7d. Potatoes.— £3 to £6 15s. Onions. —£9 to £lO. THE PIG MARKET. There was only a small yarding of pigs at Newton King, Ltd.’s haymarket sale yesterday. Slips brought from 12s 6d to 17s, weaners 20s 6d, porkers 445. ADDINGTON STOCK MARKET. A SPIRITED SALE. Christchurch, O".t. 4. To-day’s Addington market was exceptionally good for fat sheep and store sheep, a shade easier for fat cattle, but much improved for store cattle. It was generally a spirited sale, as a result of recent rains to some extent. Store Sheep.—The smallest yarding for a long time. Competition was keen, particularly for wethers, and ■ prices generally were better than last week. Fairly good three-quarter-bred wether hoggets made 15s 4d to 16s lid, halfbred 16s 4d, small 14s Id. Three-quarter-bred ewe hoggets 18s 7d, good aged ewes and lambs 17s 2d (all counted), ordinary aged ewes and lambs 13s to 14s (all counted), small 4,6, and 8-tooth halfbred ewes in lamb 26s Id to 26s 6d, culls 20s fid. Good 6 and 3tooth halfbred wethers 23s 3d, ordinary 20s lid to 21s sd. ' Spring Lambs.—The number penned was 234, compared with 102 last week. The fancy prices previously ruling were not maintained, although prime lamb sold at up to Is per lb. Values ranged from 21s 6d to 31s 9d per head, the hulk going at from 24s to 275. Fat Sheep.—The yarding was slightly smaller than last week, but the quality was particularly good. There was another jump in vahrs of 3s to 3s fid per head, making a 10s rise over the past month. The keenness was maintained until the finish of the sale. Extra prim-? wethers made 37s to 41s, and in a few special cases to 465, prime wethers 32s 6d to 36s 6d, medium 29s to 325, light 24s to 28s 6d. Extra 'prime ewes 35s 9d, prime 28s to 31s, ordinary 25s to 275. Prime hoggets 24s to 26s 9d, ordinary 20s to 23s 6d. Fat Cattle.—3o6 were yarded, Including 82 from the North Island. The market was scarcely so buoyant, partictilarly for big beef. Good beef averaged 32s to 34s per 100 lb. Extra prime steers made £l6 17s 6d, prime £l3 to £l4 15s, medium £ll to £l2 17s 6d, light £7 to £lO 15s. Prime heifers £9 to £ll 2s 6d, medium £6 17s 6d to’ £8 10s, light £5 7s 6d to £6 15s, extra prime cows £l3, prime £8 to £lO 15s.

Vealers.—The market opened at about late rates, but prices eased towards the end by about 5s per head. Runners made to £4 12s, vealers £3 5s to £4, small calves 6s upwards.

Store Cattle.—Recent rains having. Improved feed prospects, there was a much keener inquiry, especially for young steers and heifers. Three and four-year steers made £4 10s to £5 10s, two-year-orth £3 15s to £4 9s, elght-een-mpnths £2 15s to £3 ss, yearling £1 153 to £2 2s fid. Eighteen-months and two-year heifers £2 15s to £3 10s, yearlings £1 10s to £2. Good cows £2 15s to £3 Is, fair cows £1 10s to £2.

Dairy Cattle.—A better demand for good sorts, and prices for these improved. Inferior cows and heifers were not sought after. Extra good second, third, and fourth calvers made £l2 15s, ordinary to good second, third, and fourth calvers £4 10s to £B, aged spin?ers £2 10s to £4, good springing heifers to £7 15s, medium springing heifers £3 to £6. Fat Pigs.—There was a good demand for choppers and porkers, but baconers met a poor sale. Choppers made £3 10s to £5 10s, light porkers £2 5s to £2 10s, heavy £2 12s fid to £3 (average price per lb 7 J ,£d to B%d), light baconers £3 3s to £3 10s, heavy £3 15s to £4 (average price per lb 5J4d to 6d). Store Pigs.—A spirited demand, especially for weaners. Good stores made 40s to 455, small stores 18s 6d to 30s, weaners 16s to 225, sows in pig to £4 15s.

BURNSIDE STOCK SALE. ENHANCED PRICES FOR FAT CATTLE. Dunedin, Oct. 4. There was a fairly large entry of fat cattle at the Burnside sales to-day. The pens included a number of good quality animals, hut there were also many unfinished bullocks and heifers. A total of 185 head were offered. The sale opened under keen competition, and when this report was written prices showed an advance of from £1 to £1 5s per head as compared with last week’s rates. There was every prospect of these enhanced prices being maintained to the close of the sale. Today’s values are on a basis of 30s to 32s fid per 100 lb for prime ox beef, medium quality 28s to 30s, prime heifer beef 27s 6d to 28s 6d, prime cow beef to 255, medium quality to 28s. Prime bullocks realised from £l2 10s to £l3 10s, medium £lO 10s to £ll 10s, light and unfinished sorts from £7 15s to £8 10s. Prime heifers and cows realised from £8 10s to £9 10s, medium £5 15s to £6 10s, light and aged from £4 15s upwards. Over fat cows were hard to quit. Fat Sheep.—A total of 2196 were penned, the quality being up to the average. All were sold at prices about on a par with recent rates. Prime wether mutton was worth 4V 2 d to 4%d. medium quality 4d to prime ewe mutton 3Vid to 3%d, medium quality 3d. Extra prime heavy-weight wethers realised up to 40s 6d, prime 28s to 355, medium 24s to 265, light and unfinished sorts from 18s to 225. Extra prime heavy-weight ewes realised up to 325, prime 22s to 245, medium 18s to 20s, light and aged from 10s upwards. Spring Lambs.—As a result of the keen competition for the fifteen offered, best lamhs realised from 51s to 595, and others from 30s to 355. These prices are equal to quite Is Cd per lb. Store Catt’-’ \ full yarding was offered. Bullocks sold i’.i a slight advance on last weak’s prices, bu e.ws, heifers, and yearlings

were hard to dispose of. One or two pens of three and four-year-old bullocks from country districts realised up to £6 7s 6d per head.

Pigs.—A large yarding, all classes being represented. Prices at the opening of the sales were on a par with last week’s rates, but

the market weakened towards the end. Baconers were sold at a reduction of about 10s and porkers at about 15s per head. Best baconers realised from 5d to 5%d per lb, and best porkers from 7d to 7%d per lb.

Oct. 5. • Oct. 2. Par. Montreal (dol.) .. 4.42% 4.39% 4.866 New York (dol.).. 4.32% 4.39% 4.866 58 10 57.93 25.255 Stockholm (kr.).. 16.63 16.67 18.159 Christiania (kr.) .. 24.93 25.57 18.159 Copenhagen (kr.) 21.47 21.53 18.159 Berlin (marks) .. 9450 7850 20.43 Rome (lire) ..... 103% 102% 25.255 Calcutta Is 3%d Is 3%d 2s 2s 2%d 2s 2%d 2s 0%d Hongkong 2s 7d 2s 7d 2s