COMMERCIAL.

Taranaki Daily News, 30 October 1922, Page 2

COMMERCIAL.

BUTTER AND CHEESE. The following cable was received Saturday by Messrs. Newton King, Ltd., from their London agents, Messrs. R. Davidson, Ltd.: — “Bytter, a little steadier, 204 s to 208 s; cheese, firm, white 106 s to 108 s, colored 104 s to 1065.” AUSTRALIAN WHEAT SURPLUS. New York,' det. 27. Advices that the estimate of the Australian exportable wheat surplus was reduced to 40,000,000 bushels caused an advance in prices of December-May wheat at Chicago to between lll%d and 113 l-8d a bushel. LONDON WOOL SALES. The New Zealand Loan and Mercantile Company, Ltd., have received the following cablegram! from theLr London house under date 26th instant:— Wool Sales.—The sales closed firmly today. As compared with last sales' closing rates, prices are higher by about 10 per cent, for merino and crossbred lambs and scoured merino super; prices are higher by about. 10 per cent, to 15 per cent, for medium and Inferior merino and fine scoured crossbred; prices are higher by about 15 per cent, to 20 per cent, for medium greasy crossbred. The prices realised for average to super grades of the uhdernoted descriptions of wool were t-r-Merino super, 2s 3d to 2s sd; merino average, Is lid to 2s 3d; crossbred (50-58's), Is 7d to Is lid; crossbred (48-50’s), Is Id to Is 3%d; crossbred (46-48’s), 10%d to 13d; crossbred (44-46’s), B%d to lOd; crossbred (40-44's), 7%d to B%d; crossbred (36-40's), 7d to Bd. INGLEWOOD SALES. The bull fair held on Thursday at the Inglewood sale yards of the Farmers’ Co-operative Organisation was not a brilliant success. Apparently tlie requirements of most farmers who desired to secure first class animals for their herds had been satisfied at one or other of the numerous sales of pedigree bulls already held this season in Taranaki. Taking advantage of the gathering of farmers present Mr A. W. Yeates, hon. secretary of the Inglewood Jersey Breeders’ Club, gave a short address, in which he pointed out the advantages to be got by joining the club, which would benefit by being better supported than at present. Members, he said, could notify the secretary when they had pedigree cattle to dispose of, or, if they wanted to purchase any they could get information as to where cattle were to be bought. The prices at the sale were on the whole rather disappointing. Pedigree Jerseys (15 months) made up to 10 guineas, two-years-old 9 guineas, five years 15 guineas. For Frlesians the best price given* was 12 guineas, and for grade bulls 4 guineas. Other bulls sold at what may be termed boner prices. The sale at the Farmers’ Co-op. yards on Wednesday was well attended and the pens were well supplied with stock. Prices realised showed little if any variation in the market, though the majority of lots offered were disposed of. Ewes and lambs made 255, woolly hoggets 235, 15-month Friesian-Jersey heifers £4 15s, plain ditto Jersey strain £3 19s to £4 3s, Shorthorn-Jersey cross £2 18s, 2 to 3-year empty Shorthorn heifers £3 ss, store cows 20s to .30s, young sound ditto 50s, fresh and forward 60s, fat 80s, dairy heifers Jersey strain £9, Jersey Holstein £7 10s, springing cows £6 to £B, Jersey grade bulls up to £2 15s, and a line of 15-months steers 425. There was a large attendance at Newton King, Ltd.”s mart on Saturday. Calves sold at from 4s to 10s. pigs fweaners) 14s, slips 18s to 21s, stores 27s to 30s. A quantity of split rimu fence posts sold at Is 3d. Cocks and hens made from Is Gd to 3s 6d. Various sundries, including cabbage plants at Is per bunch, sold at satisfactory prices.

NEWTON KING, LIMITED, REPORTS. At Urenui sale and bull fair on 16th October, we had a fair penning of store and dairy cattle, and report a full clearance at .late rates. Bulls were yarded in full advertised numbers, and sold well, pedigree Jerseys especially. Store cows 22s 6d, 30s, forward do. £2 12s 6d, £3 Ils, fat cows £5. 2-year-old steers £2 10s, £2 16s, fat bullocks £7, yearling Jersey heifer £6, springing heifers £6, £6 15s, £7 10s, better quality do. £9 ss, £lO 10s, £lO 15s, spring cows £7 15s, £8 10s, pedigree Jersey bulls 10 to 25 guineas, grade do. to £l2 10s. At Stratford on 17th Inst, a moderate yarding Of stores came frward, the majority of which sold,, market remaining’ mostly on a par with late sales. One exceptinally fine line of 15-month grade Jersey heifers bred by and sold on behalf of Mr A. D. Walker realised the record figure of £lO 10s, Mr J. T. Walsh being the buyer. There was a big offering of dairy cattle, and values were mostly in favor of buyers, although the yarding on the whole lacked quality. Fat cows £4 Is, £5 18s, store do, 325, 36s 6d, yearling heifers £2 Is, £2 18s 6d, extra choice quality do. £lO 10s. 2-year-old steers £2 4s, £2 15s, springing heifers £4, £G, better classes £7 15s, £lO, dairy cows £7 ss, £B, £ll 15s.

At Inglewood on 18th October there was a fair yarding of all classes, the bulk of which sold. Ewes and lambs 265, yearling heifers £3 8s Gd, £3 10s, Jersey do. £5 10s, empty

2-year-old heifers £4 ss, fat cows £4, £5, £5 ss, store do. 20s, 28s, £2 Ils, dairy heifers £4, £5 10s, £7, good do. £8 10s, £9 10s, £ll, dairy cows £4, £5 15s, to £l2 10s,

At Rahotu on 19th insr. a fair yarding was fully cleared under gooti competition. There was a good local demand for dairy cattle; fat cows £4, £4 7s 6d, £5 17s 6d, store do. 30s, 345, yearling heifers 355, £2 9s, empty 2-year-old do. £3 14s, £5 17s Gd. store do. 30s, 345, yearling heifers 355, £2 9s, empty 2-year-old do. £3 14s, £5 12s fid, springing heifers £6 ss, £7 15s, £JO, dairy cows £B, £9 10s.

At Awaklno on 20th Inst, cattle came forward in full advertised numbers, consisting mostly of bullocks. There was a good attendance of Taranaki buyers, all of whom bought freely. With several exceptions prices on the whole compared favourably with the Taranaki market, grown bullocks being the only class to sell at a d e<) line. Only two pens of sheep were yarded, both of wnlch sold under decidedly hot competition. Quotations: 4 and 5-year bullocks £4, 3 and 4-year Hereford do. £3 to ,£3 15s, hud colored and poorer condition do. £2 6s to £2 16s, 2-year steers 30s to £2 10s, fat bullocks £6 10s, light do. £5 7s, fat cows £4 10s to £5, fat Hereford cross heifers £5, 3-year empty Hereford heifers £4, 2-year empty dairy heifers £2 10s to £4, yearling do. 20s to 37s Gd, cows and calves £2 ss, springing heifers £4 10s to £5 Ills, good 4 and G tooth wethers (in wool) 28s, small woolly 'hoggets 18s 4d. At Okau the following day a full yarding? of cattle and fair one of sheep came forward. Buyers that wore at Awaklno again operated and the bulk of the cattle came to Taranaki. Sheep again sold well. Quotations: —4 and 5year bullocks £4 and £4 Is, 3 and 4-year do. £3 to £3 6s, 2-year do. £2 to £2 12s, yearling do. to 355, light fat cows to £4, store do. to 355, cows and calves £3 ss, yearling Jersey cross heifers £8 8s 6d, mixed yearling heifers £2 Is, ewes and lambs 29s 3d, 4-tooth wethers (shorn) 235, m.a. do. 20s sd, shorn hoggets 17s 2d and 17s fid. At Stony River on 24th inst. we had a full yarding principally of store cattle, the majority selling. Mixed yearling heifers 30s to £2 ss, Jersey cross do. £3 ss, Jersey do. £5 17s, 2year empty heifers £3 3s, to £3 Us Gd. yearling steers to £2, fat bullocks £7 17s 6d, best springing heifers £8 to £8 15s. At Stony River saleyards on 25th inst. we conducted a clearing sale on behalf of Mr P. R. Farnham. There was a splendid attendance of buyers and the sale was eagerly contested throughout. In addition to the grade stock Mr Farnhaiin also sold several head of pedigree Friesians of good breeding, and although they were hardly in the best of condition they found many admirers and eventually sold well. The yearling grade Friesian heifers realised the big figure of £5 15s. Quotations pedigree Friesians: Cow 20% guineas, heifers 20 to 23 guineas, 2-year bull 25 guineas, yearling do. 5 guineas. Grade cows made mostly between £8 10s and £l5, yearling Friesian heifers £5 15s, small do. £3 18s fid, horses £2B to £35. LONDON MARKETS.

The New Zealand Loan and Mercantile Company, Limited, have received the

following cablegram from their London house under date 25th Inst. Tallow.—We quote present spot values for tho following descriptipns:—Fine mutton 40® 6d per cwt, good beef 38s 9d per cwt., mixed 35s 9d; market firm.

New Zealand Frozen Meat.—Lamb 12<i per lb. Mutton: Wether and maiden ewe, light 8d per lb, heavy* 7 l-8d per lb; ewe, light 6%d per lb, heavy Gd per lb. Beef: No alteration. (Last quotations 11th October, 1922: Ox: Hinds 4 7-8 d per lb, fores 3 l-8d per lb. Cow: Hinds 3%d per lb, fores .25-8 d per lb). Market slow.