COMMERCIAL.

Taranaki Daily News, 20 November 1922, Page 2

COMMERCIAL.

LONDON MARKETS. By Telegraph.—Press Assn.=r-Copyr!ghL London, Nov. 16. Flour is steadily held, but. Is slow. Barley is quiet and steady. Oats are firm. Beans and peas are tending upwards. Sugar (granulated) 51s l%d. Wheat cargoes are firm In sympathy 'with American, and . advanced 6d to 9d. Parcels were firm, and advanced 3d to Gd. There is fair trade in spot, with a strong market. The New Zealand Loan and Mercantile Agency Company, Limited, have received the following cablegram front their London house under date 15th iustaut':— Tallow.—We quote present spot values f.:r the following descriptions:' Fine mutton 43s 3d per cwt., good beef 41s Gd per cwt., .nixed 87s per cwt. Market quiet. New Zealand frozen Meat.—Lamb ll%d per lb. (Average.) Mutton: Quotations unchanged. Last quotations November 8: Wether and maiden ewe, light B%d per lb, heavy 7%d per lb; ewe, light B%d per 18, heavy 6 3-8 d per lb. Beef: Ox hinds per lb, fores 3 l-8d per lb; cow hinds 3 5-8 d per lb, fores' 2%(t per lb. Small demand, BUTTER AND CHEESE The following cable was received on Saturday by Messrs. Newton King, Ltd., from their London agents (Messrs, R. and W. Davidson, Ltd.) : “Butter quieter, 2125; cheese quieter, nominally 1265.” BURNSIDE STOCK MARKET PRICES FOR FAT CATTLE ADVANCE. Dunedin, November 15. An excellent yarding of fat cattle as regards quality was offered nt the Burnside sales to-day. Tlie yarding Included several pen? of prime quality cattle, and prices, taken all round, showed an advance of 10s per head or. last week’s rates. The yarding totalled 184 head, compared with 236 last week. Competition was fairly keen throughout.. Prime ox beef ranged from 26s fid to 27s Rd p?r 100 Th, light-weight prime from 27s fid to 80s, while light and inferior sold at 27s 6d, h?ifcr beef up to 20s, inferior heifers and old cows 17s 7d to 18s 6d. Extra prime bullocks realised up to £l5 15s, prime £l2 10s to £l3 10s, medium £9 10s to £lO 10s, light and unfinished sorts from £7 10s to £8 10s. Prime cows and heifers realised from £6 10s to £7 10s, medium £5 to £5 10s, light and aged from £4 to £4 10s. Fat Sheep.—A smaller yarding than usual, 1632 being penned, a fair entry. Some extra prime animals were sent forward. Competition was fairly keen, but prices were a shade easier as compared with the extreme rates realised at the previous sale. The range of prices was ao follows: Prime shorn heavyweight wethers 5%d to 5%d per lb, mediumweight shorn wethers 5%<1 to 6d, woolly wethersj Gd, medium to 7d, light-weights in wool 7d to 714 d, prime woolly ewes 6d to 6%d, aged woolly ewes sd. Extra, prime heavyweight wethers realised up to 52s fid, prime 44s to 48s, medium 32s to 365, light and unfinished sorts from 27s to 295. Best shorn wethers made up to 30e fid, medium 24s to 265. Prime woolly ewes imade from 28s to 34s> medium 21s to 235, light and aged from 10s to 15s. Spring Lambs.—l 43 were sent forward, which is the largest number penned this season. The quality was good, with the exception of a few pens which should not have been sent forward for market purposes. Prime sorts realised from 8d to 10d per lb, and light and inferior 7d to 9d. Prices per head were: Prime 32s to 34s 6d. medium 26s to 28s, lighter- kinds 15s to 18s. Pigs.—A large entry was offered. Very few prime baconers were sent forward. Competition was brisk, and at .the commencement of the sale prices were about on a par with last week’s rates, but values showed an easing tendency towards the close. Best baconers realised from 6’/ 2 fl to, 7d per lb, and best porkers from 7%d to Bd. Store Cattle.—A medium yarding, which included one pen of very large four-year-old bullocks in forward condition from the Waimate district. These claimed attention from graziers, and were sold nt up to £8 5s per head. Several pens of three-year-old bullocks in good condition from the Taleri district were sold at prices ranging from £4 to £5 per head. Competition for young and backwardconditioned cattle was almost lifeless. ADDINGTON STOCK SALE IMPROVED DEMAND. Christchurch, November 15. There being no sale last week, the yardings at Addington 10-day were larger than usual. There was a keen sale for fat lambs, an improved one for beef and a slightly firmer demand for fat sheep. Store Sheep.—A small entry, mostly of dry sheep off the shears. There was a good demand. particularly for wethers, and prices all round were better than a fortnight ago. Crossbred shorn wether hoggets made 14s 7d to 15s 9d, woolly halfbred wether hoggets 20s Sd, woolly crossbred wether hoggets 17s sd, mixed sex shorn hoggets 15s Bd. 2 and 4tooth shorn wethers 15s 4d, good 4. 6, and 8-tooth shorn halfbred wethers 21s 3d to 21s 4d, small sorts 17s 7d, sound and failingmouthed shorn ewes and Down cross lambs IBs lid to 19s Id (all counted), aged woolly ewes and lambs 15s 8d (all counted), -aged shorn ewes 13s 3d. Fat Lambs.—A small yarding of 473, compared with 1250 a fortnight ago. and a “hot” sale, values being from to lid per lb for prime sorts. Extra prime lambs made 33s to 365, prime 30s to 32s Cd. medium 27s io 29s 9d. light 24s 9d to 26s 9d. Fat Sheep.—The market opened better, hut ’cased later. Prime wether mutton sold at 5d to 5y t d per lb, ewes up to sd. Extra prime shorn wethers realised 31s to 365, a few special to 39s 7d. prime 27s fid to 30s, medium 23s to 26s 6(1, light. 21s 6d to 22s 9d. extra prime woolly wethers 35s to 395, prime 32s to 34s Rd, medium 29s to 325, light. 25s to 28s Gd. Extra prlune shorn ewes made 31s 2d,- z prlme 25s fid to 27s Gd, medium 22s to 255, light 18s Gd to 21s, extra, prime woolly ewes 32s to 345. a few special to 39s fid, prime 28s fid to 31s Gd, medium 24s Gd to ’2Bs, light 19s to 245. Fat Cattle.—349 were penned, including prime South Otago drafts. All round, values were up 20s to 30s. Prime medium-weight beef sold at 31s to 335, heavy beef 29s to 31s, choice heifer beef 30s to 335, secondary 22s Gd to 27s Gd. Extra prime steers £l5 to £l6 15s, medium £22 10s to £l4 14s, light £6 IBs to £lO. Extra prime heifers £l2, prime £8 10s to £lO. ordinary £5 to £8 ss, extra prime cows £l4 15a, prime £8 to £9 10s. Vealers. —The entry was not large, and anything good sold freeby at a slight advance on late rates. Runners made £4 10s, ordinary vealers £3 5s to £3 17s 6d, small calves Ss upwards. Store Cattle.—A fair-sized yarding of good quality. Big cattle were In good demand. Four-.vear steers made £6 15s to £7 10s, 3-vc-ar £3 15s to £4 ss, 18-month to 2-year £1 10s to £2 ss, good 3-year heifers £4 ](P., 18-monlh to 2-year heifers £2 to £2 i ins’ yearling heifers £1 12s 6d, fresh cows I £i ]ss to £2 10s. Dairy Cattle. —A fair demand. Third and fourth calvers made £ll, second, third and fourth calvers £5 to £B, good springing heifI ers £B, springing heifers £3 10s to £6. ■ Fat Pigs.—The market for heavy baconers was practically lifeless and satles could have been affected only at a substantial decline on recent prices. Light and imedium porkers also met a weak sale. Choppers made £2 JOs to £4 ss, light baconers £2 17s 6d to £3 108, heavy £3 5s to £3- 12s (average price ner lb, light 5%d to 5%d, heavy 4%d t-> sd), light porkers £2 to £2 ss, heavy ! porkers’ £2 7s 6d to £2 12s 6<l (average I price per lb 6d to 6%d). i Store Pigs.—An excellent sale, the demand I being keen, with prices well above late rates, i Medium stores made 38s to 445, small 28s to 36s Gd, waners 1.7 s to 245, extra 295, sows in pig £3 10s. DAIRY PRODUCE PRICES. The National Dairy Association of New Zealand. Ltd., circularises as follows: (bees? Prices.—During the last 10 days ai...., ; ir -. been n n'.i 'homcnal advance In the w.'lco o." chews, and November-December ship-

-meats have been.-sold as--high as-415-8(1 per pound f.o.b. main porta. It is reported that 815-16 d has been offered for complete outputs. The stocks of cheese at the main stores tn the United Kingdom at Septeunber 1 are less than half the quantity in store at the same time last year, and are given below. The total exports from Canada from May 1 to October 1 show a decrease of 24 per cent, on the previous years figures. Everything points to the advisability of consigning. Stocks of cheese at London, Bristol and Liverpool, at September 1: Canadian, 19S&, 102,900 boxes. New Zealand, 45,000 crates; 1921, Canadian, 202,900 boxes, New Zealand, 113,600 crates. Total exports from Canada from May 1 (beginning of season) to Octdber 1: 1922, cheese, 815,994 boxes, butter, 269,355 boxes; 1921, cheese, 1,072,346 boxes, butter, 68,601 boxes. Imports into Great Britain for 8 months ending August 31: Butter, Denmark (1920), 566,380 cwt., (1921) 821,405 cwt.., (1922) 837,960 cwt.; Argentine, 65,583 cwt., 357,172 cwt., 256,348 cwt.; Australia, 163,919 cwt., 717,294 cwt., 757,428 cwt.; New Zealand, 258,732 cwt., 610.155 cwt., 815,898 cwt,; Canada, 25,474 cwt., 26,767 cwt., 83.032 cwt.; other countries, 160,779 cwt., 119,759 cwt., 211,469 cwt. ,* total, 1,240,867 cwt., 2,652,552 cwt., 3,062,135 cwt. Cheese, Australia, 61,066 cwt., 63,689 cwt., 93,397 cwt.; New Zealand, 852,204 cwt., 1,088,170 cwt., 1,127,916 cwt; Canada, 663,836 cwt., 623,907 cwt., 420,547 cwt.; other countries, 279,223 cwt., 173,776 cwt., 200,479 cwt.; total, 1,856,829 cwt., 1,949,542 cwt.; 1,842,339 cwt. Quantities of butter and cheese graded for export in New Zealand for 8 months ending October 31: Butter, 1922, 301,742 cwt. salted, 23,867 cwt. unsalted, total 325,509 cwt.; 1921, total 185,811 cwt., increase 75% W cent. Cheese, 1922, 47,447 cwt. white, 26,855 cwt. colored, total 74,302 cwt.; 1921, total 141,615 cwt., decrease 47% per cent. On a butterfat basis the production has increased by 43 per cent., taking both butter and cheese into consideration. The following steamers have reached London, carrying the present season’s produce: Mahana, sailed August 28, carried 433 boxes butter, reached London October 10; Gallic, sailed September 2, carried 15120 boxes butter, reached London October 14 ; Athenic, sailed September 17, carried 32730 boxes butter, reached London October 31 ; Kaikoura, sailed September 14, carried 16247 boxes butter, reached London November 4.