COMMERCIAL.

Taranaki Daily News, 21 October 1922, Page 2

COMMERCIAL.

FOREIGN EXCHANGES. SLUMP IN FRANC AND MARK. By Telegraph.—Press Assn.—Copyright. London, Oct. 19. Following are the current exchange rates, a comparison being given with the last report (October 16) and par:—

The Paris figure is a record since early in 1921, owing to the French reparation attitude and French selling pressure. The slump in the mark is due to heavy selling on German account. /

AUSTRALIAN MARKETS. Melbourne, Oct. 20. Hides.—Large catalogues offered and competition general. Values were firm for all good conditioned parcels. Medium and heavies Improved a farthing per pound. Lights; were firm and kips slightly easier, except extreme fight-weights. Barley.—English 3s fld to 3s 10%d, medium Ss 4d to 3s 6d; Cape 2s lid to 3s. Oats. —Algerian 3s 7d to 3s Bd. Potatoes. — £5 to Onions.—£B 10s. THE PIG MARKET. At Newton King's, Ltd., , haymarket si)je yesterday store j pigs made from 10s to ,J £2 10s. THE POULTRY MARKET. Messrs. L. A. Nolmt an'd Co. report a very large yarding at their poufjry sales yesterday, With the following prices: Hens 3s Gd to 4s Id, cockerels 2s 9d to 4s 6d, chicks lOd, small 3d, ducklings Is 2d to 2s, broody hens 5s 3d and 7s.

Messrs. Webster Bros, report as follows: Hens 2s 8d to 2$ lid, duqks 4s 6d, turkey 12s Gd.

ADDINGTON MARKET. LARGE YARDING, LOWER PRICES. Christchurch, Oct. 18. There were larger yardings of nearly -all classes of stock at Addington to-day. Beef was slightly easier, and the steady rising movement in mutton values was arrested. Considering the size of the yardings, however, the sale was a very good one. Store sheep had a larger yarding, and generally sales were not so brisk. Hogget® and wethers met with the best demand, and good crossbred hoggets sdkl at 19s 6d to 21s 3d; inferior, 15s 5d to 16s 2d; crossbred ewe hoggets, 20s to 22s 6d; crossbred cull ewe hoggets, 16s lOd; good three-quarter-bred ewe hoggets, 23s 2d to 245; cull halfbred, IGs Id; inferior halfbred wether hoggets, 10s lid to 17s 9d: cull halfbred, 13s lOd; good m.s. hoggets, 19s Id to 19s 7d; shorn wether hoggets, 13s lOd: inferior and aged ewes and lambs. 12s lid to 13s 9d (all counted) ; good 4 and 6-tooth halfbred wethers. 24s to 255; good, 21s to 23s 7d; 2-tooth wethers, IGs lOd to 18s.

Spring Lambs.—247 were penned and -met with keen sale. The top price was 395, and the bulk were sold at- from 32s to 355, and a few at under 30s. The over all price was ; nearly Is per lb.

j Fat Sheep.—A bigger yarding, comprising 12 races, a fair proportion being shorn. The i market was easier than last week by about 2s per head. Over the preceding month, there had been an average weekly rise, of quite 2s 6d per head. Extra prime wethers brought 35s to 38s Gd; prime wethers, 32s to 34s Gd; medium, 28s to 31s; light, 24s Gd to 27s Gd: extra prime ewes, 365; prime, 27s to 31s; medium, 24s 6d to 26s 6d; light, 19s to 23s Gd; extra prime shwrn wethers, 30s 10d; prime, 26s 6d to 295; ordinary, 22s to 265; shorn ewes, 20s to 23s 6d; prlime hoggets, 25s to 30s 3d.

Fat Cattle.—This division had a yarding of 340, compared with 247 last week. Ninety odd came forward from the North Island. There was a slight easing in prices. Prime middle weights realised 32s 6d to 35s per lOOlbs., big beef 30s to 33s ;■ secondary, 26s Gd to 30s; rough beef, 22s Gd; extra prime steers, £ 16; prime, £l2 15s to £l4 15s; medium, £lO 10s to £l2 10b; light, £6 15s to £lO ss; extra prime heifers, £l2 2s 6d; prime, £9 to £11; ordinary, £6 15s to £8 15s; extra prime cows, £l2 12s 6d; prime, £8 5s to £lO 10s; ordinary, £G to £7 15s.

Store Cattle.—A large entry, with . keen competition for big forward steers. Younger steers were also inquired after, but therd was not the same inquiry for heifers. Good forward 4-year steers sold for £7 10s to £8 2s; good 3-year steers, £6 5s to £6 15s; 2-year, £3 to £3 ss; good yearlings, £1 15s to £2. ,1,;

Dairy Cattle.—The yarding met with only a medium demand, and prices showed a decline on the improved prices of last week. Good second, third and fourth calvers on the point of calving sold at £11; fair, £5 to £8 10s; inferior springers, £1 10s to £4; extra good springing heifers, £10; medium, to good, £3 to £6.

Vealers.—The number offered was not sufficient for requirements. Prices rose 6s to 8s per head. Runners realised £4 12s Gd I vealers, £3 10s to £4 10s; small calvers. from 8s upwards.

Fat pigs met with slacker demand, and prices declined. Choppers £3 to £5 15s; light baconers, £2 15s to £3 3s; heavy, £3 7s Gd to £3 12s; extra heavy, £3 15s (average price per lb. 4%d to 5%d) ; light porkers, £1 15s to £2: heavy. £2 3s to £2 10s (average price, per lb. 6%d to 7%d). Store pigs had a slack demand, and prices were lower. Medium stores, 28s to 38s; small, 18s to 255; small weaners, 7s to 12s; good, 14s to 22s Gd; sows in pig, to £4 10s. BURNSIDE MARKET. A BRISK SALE AT INCREASED PRICES. Dunedin, Oct. 18. A short market was responsible for higher values being obtained for sheep, lambs, and fat cattle at Burnside to-day. Butchers were eager to secure supplies. Fat Cattle.—A yarding of 191 head of fat cattle was offered, the entry including several pens of good quality animals from the Southland district. As butchers were unable to secure sufficient supplies of sheep and lambs they turned their attention to beef, and there was a very buoyant sale for this class of stock, prices showing an advance of from 10s to 15s a head. Prime ox beef sold at 32s to 34s per lOOlbs., medium quality 30s to 325, light and inferior 28s to 3&s; prime heifer beef 28s to 30s; prime cow beef 22s 6d- to 255; light and aged 18s to 20s; extra prime heavyweight bullocks realised up to £l6 17s Gd, prime £l4 to £l5, medium, £ll 10s to £l2 10g, light and unfinished sorts from £8 10s to £9 10s; prime cows and heifers realised from £7 10s to £8 10s, medium £6 to £6 10s, light and aged from £4 to £4 10s.

Fat Sheep.—A small yarding of 1233 head. Bidding was very spirited at the commencement of the sheep sale, at an advance of fully 3s a head. Competition became more keen as the sale advanaced, and the closing rates showed an advance of about 7s to 10s a head for all prime quality animals. Prime quality, medium weights, wether mutton, brought 5d to G^d; light-weight prime wethers 4%d to 5%d; heavy-weight ditto 4%d to 4%<1: prime owe mutton up to 4%d; medium quality ditto 4d to 4%d; extra prime ;^. vy " weight wethers realised up to 53s Gd. ’ m 6 37s to 40s, medium 28s to 31s. light n«i unfinished sorts from 24s to 265; prime realised up to 335, medium 23s to 2Gs’. i Spring Lambs.— A small yarding, only 24

being forward, which sold at from is 2d to Is 3d per lb.; extra prime lambs £2 12s, prime £2 Is, others from\ 28s to 345. Store Cattle.—A large erttry, which included several pens of forward and well-grown animals. These were mostly absorbed by graziers at prices ranging from £6 to £6 10s. The entry also included a good sprinkling of young cattle, and the prices obtained for this class showed no Improvement on recent rates. Dairy Cattle.—-About fifty head were offered. These were of fair quality, and sold at a price about on a par with recent rates. Best cows realised up to £B, and aged cows from £5 to £6. Pigs.—There was a large entry of pigs, which sold under good competition at prices equal to last, week’s rates. Best baconers realised from 5d to 5%d, and best porkers from 7d to per lb.

Oct. 19. Oct. 16. Par. Montreal (dol.) .. 4.46% 4.43% 4.86G New York (dol.).. 4.47 4.43% 4.866 Paris (fr.) 60.45 59.08 25.255 Stockholm (kr.) .. 16.77 16.5G 18.159 Christiania (kr.).. 25.10 24.35 18.159 Copenhagen (kr.) 22.22 22.27 18.159 Berlin (marks) .. 14,650 12,900 20.43 Rome (lire) 106% 106 25.255 Calcutta Is 3%d 13 3 ll-16d 2s Yokohama ....... 2s l%d 2s 2d 2s 0%d Hongkong 2s 6%d 2s 6d 2s