COMMERCIAL.

Taranaki Daily News, 9 December 1922, Page 3

COMMERCIAL.

LONDON WOOL SALES. By Telegraph.—Press Assn.—Copyright. Received Dec. 8, 5.5 p.m. London, Dec. 7. At the wool sales there was a better selection of topmaking merinos nnd a fair offering of crossbreds. There was a. good competition, and prices were unchanged; “Algidus,” 53d. On the Bradford market merinos were nominally unchanged, and there was only moderate business. There was fair enquiry for crossbreds at hardening rates. Quotations: 64’s, 51d; 60’s, 34d; 50’s, 25d; 48’s, 19d; 56’s, 16 %d. The New Zealand Loan and Mercantile Agency Co., Ltd., have received the following cablegram from their London house, under date 6th Instant: January Wool Sales.—Arrivals up to December 2, including Port Albany, Mahana, Port Sydney, Westmoreland, Kaikoura and Whaka-. tane, are available. New Zealand Frozen Meat.—Lamb 11 Vid per lb. Mutton : Quotations unchanged (last quotations November 15, 1922: wether and maiden ewe, light B%d per lb, heavy 7%d; ewe, light 6%d per lb, heavy 6 3-Bd. Beef: Ox.— hinds 4%d per lb, fores 3 5-8 d; cow—hinds 3 7-8 d per lb, fores 3 l-8d; market slow. MELBOURNE HIDE SALES. Received Dec. 8, 5.5 p.m. Melbourne, Dec. 8. At the hides sales competition for all ciasses was very good, and late values were finally maintained. AUSTRALIAN MARKETS, Received Dec. 8, 5.5 p.m. Melbourne, Dec. 8. Barley.—English 3s 9d to 4s; Cape 2s lOd to 2s lid. Oats.—3s Bd. Potatoes.—-Old £B, new £ll 10s to £l2. Onions.— £lO 10s.

Sydney, Dec. 7. Oats.—Algerian food, 4s 6d and 4s 8d per bushel; white, local and New Zealand, 4s 6d and 4s 8d per bushel. Maize.—South African 6s 2d. Potatoes.—West Australian, £l7 per ton. Onions.—Victorian, £l4 per ton. Adelaide, Dec. 7. Oats.—3s 2d and 3s 3d. LONDON MARKETS. Received Dec. 8, 9.55 p.m. London, Dec. 7. Wheat cargoes are very slow, and nominally unchanged. Parcels declined 3d to-day. Spot trade is dull. Flour—Market slow; Australian ex store about 41s. Oats—Market slightly easier; New Zealand A Gartons ex store 35s to 37s 6d; B Gartons 32s to 335. Peas—Quiet. Tasmanian blues 370 s to 4205. New Zealand 280 s to 3605. Beans slow; New Zealand 50s to 555. Sugar—’Prices unchanged. BRISBANE WOOL SALES. Received Dec. 8, 5.5 p.m. Brisbane, Dec. 8. The third series of the wool sales have closed. A good average selection was offered, but competition was not animated. Japan sought greasy fleece wools, and Continental buyers bld for finer qualities fleece and skirtings. WELLINGTON WOOL SALES.

By Telegraph.—Press Association. Wellington, Dec. 8. The New Zealand Loan and Mercantile Agency Company, Ltd., reports:— The second Wellington wool sale took place on Thursday, and the catalogues totalled about 15,000 bales, consisting of representative clips from the Walrarapa, West Coast, Marlborough and Nelson districts. There was a very good attendance of buyers, representing all Home, American, Continental, and Japanese houses, also the usual operators on behalf of the Dominion mills, scourers and speculators. Bidding was, on the whole, spirited, although at times irregular. Excellent prices were obtained. If anything, super crossbreds were a shade lower than the November prices. On the other hand, coarse wools were appreciably higher. For croswbreds suitable for Aunerica prices were easier to the extent of %d to Id, average quality ruling at par with the November prices, while inferior sorts were %d to Id higher. 44’s to 46’s, medium crossbreds. —We have to report American sorts at about par, while average quality wis %d better, and inferior Id higher.

40’s to 44’s, coarse crossbreds, showed an average advance of Id per lb. 36’s to 40’s, low crossbreds, also appreciated to the extent of %d to Id .per lb. There was keen demand for lambs’ woo?, of which very little was forthcoming at this sale. Bellies, pieces, locks and crutchings met with much better sale. Our offering was, on the whole, slightly better in quality than that of November, although the catalogue contained a considerable quantity of old wools. Some of our principal sales were: Fine half-bred Flaxbrook 19%d, Timara 17d; medium half-bred Flazbrook 17d, Timara 14%d, 17d, Braeholm 16%d, f.f. 11 coarse halfbred FJR over O 12d, fine crossbred A's over Akupe lid, Mamaku 13 %d, WH and VW ll%d; medium crossbred, ER over Weraroa HVsd, JB over Linton ll%d to 13\4d; crossbred (40-44’s) RMD B%d, EJH B%d; hoggets, fine MXV 12%d. Messrs. Newton King, Ltd., received a cable from their London principals (Messrs. R. and W. Davidson, Ltd.) yesterday saying: “Butter 170 s to 1725, and still dropping.” , Messrs. L. A. Nolan and Co. report the following prices at their poultry sale held yesterday: Hens, Is 9d to 3s; cockerels, 2s to 4s 3d, small 7d to Is 6d; chickens, 3d to 9d; ducks, 2s 4a to 5s 7d; ducklings (small). Is 2d to Is 9d. Messrs. Webster Bros, report as follows: Cockerels, Is 9d to 2s 6d; chickens, 6d to lOd; hens, 2s 4d to 3b 9d.

THE CEREAL MARKET. Christchurch, Last Night. Oats are the principal source of interest just now. Inquiries on both Australian and English behalf have been made, 'and this movement has had an effect on the local market, which is now more buoyant than it was. Outside enquiries are for early deliveries. Quotations for April-May delivery ask up to 3/11% f.o.b.s.i. for B’s, A holders asking up to 4/4. The forward market for potatoes has weakened. A few weeks ago, up to £4 15s per ton for whites was being paid f.0.b.5.i., with f.a.q.’s at £4 10s. This figure has eased, and offers to-day are round about £3 5s to £3 7s 6d, country stations, for April delivery. At this price farmers are not disposed to do much business.

BURNSIDE STOCK SALE. KEEN COMPETITION. Dunedin, Dec. 6. Sheep and laimbs wore in short supply at Burnside to-day, and as a result of keen competition there was a buoyant sale in each department. With the exception of a few pens, the quality of the sheep was really good. Butchers were practically out of supplies, and they were consequently anxious to stock up. Fat Cattle.—294 were yarded, an exceptionally large entry, which included a large number of well-finished bullocks. The proportion of cows and heifers was less than nf late. The prices realised for all prime cattle were not on a par with late rates, but it was anticipated that a reduction would take place before the close of .the sale. Heavy prime ox beef started at 26s to 27s Gd per 100 lb, but firmed up to 28s Gd to 295. Handy weight ox sold at ,2Ss to 30s, good heifer beef 18s to 225, cow beef 18« to 20b, old cows 16s

to 17s 6d. Extra prime heavy-weight bullocks realised £l5 5s to £l6, prime £l2 17s 6d to £l4 10s, medium £lO to £ll 17s 6d, others £8 12s 6d upwards. Best cows and heifers made to £7 15s, medium £5 15s to £6 12s (Jd, others £4 10s upwards. Fat Sheep.—A small yarding, numbering 1768 head. Prices at the commencement of the sale were slightly higher than those realised last week, and firmed as the sale progressed. Values for all classes showed a rise of from 2s to 3s per head. To-day’s prices for light prime wethers are on a basis of 6d to 6%d per lb, and for prime ewes 5%d to 6d. One pen of special heavy-weight wethers realised £3 5s per head. Extra prime heavy-weight, woolly wethers made from 50s to 58s, prime 44s to 495. Prime shorn wethers made from 38s to 435, medium 33s to 365, light and unfinished sorts from 24s to 30s. Prime woolly ewes made from 38s to 425, madium 36s to 38s, lighter kinds up to 34s Gd. Prime shorti ewes made from 32s to 35s Gd, medium 20s to 33s 6d, light and aged 24s to 27s 6d. Lambs.—A medium yarding, numbering 144 head. At th* close of the sale the prices realised were on a basis of from lOd to 10%d per lb. Extra prime lambs made up to 36s 3d, prime 29s Gd to 335, medium 27s 6d to 295, light and unfinished sorts 23s to 265. Store Cattle.—A full yarding, with about 100 head of three-year-old bullocks in a forward condition from the Southland district. These claimed attention, and were sold at prices ranging from £4 to £6 7s 6d per head. The purchasers were mostly Taieri graziers. A large number of fat cows and young cattle sold at very low rates. Pigs.—A full yarding, all classes being represented. There was a good demand for prime baconers, which sold at prices on a par with late rates. Porkers and light pigs were not so eagerly sought, and those suffered a reduction in price to the extent of about 5s per head.

GOOD PRICES AT ADDINGTON SHEEP FIRMER Christchurch, Dec. 7. At the Addington market there was a brisk sale to-day in most classes of stock, beef being the principal exception. Beef was easier, but fat sheep, lambs and store sheep met a firmer demand. The local works open on December 12, and It is understood that 9%d to 9%d will be offering for lambs and 5y 2 d to 5%d for wether mutton. Store Sheep.—A much larger entry and keen sale for all classes; Chatham Island ewes made up to 28s Gd and shorn lambs to 22s sd, all classes showed improving prices; forward 4. 6. and 8-tooth wethers 26s 2d to 28s 9d, good 4 and 6-tooth wethers 24s to 26s 3d, cull 17s Gd to 21s 4d, good 2-tooth wethers 21s 9d to 23s Rd, plain Inferior 16s 7d to 19s 9d, cull 2-topth wethers 14s Id, rape lambs 20s 3d to 22s sd, aged ewes and lambs 16s 9d to 20s 6d (all counted) ; sound failing-mouthed woolly ewes and lambs 17s 7d to 22s (all counted), aged woolly ewes and forward lambs 26s (all counted). Fat Lambs.—66l penned compared with 990 last week; a keen demand in the earlier part of the values being up 3s per head. This advance was lost over the later part of the sale; on an average values were from 9%d to 10%d per lb. Extra prime lambs 365. a few special 38s 6d, prime lambs Ms to 31s, medium 2(5s Gd to 28s Gd, light inferior 23s lOd to 265. Fat Sheep.—A very light yarding of 7% races: market opened 3s to 4s in advance of last week, but fell away towards the finish; wether mutton sold at 6%d to 6%d, and ewe 5%d to Gd. extra prime wethers 34s to 38s. a few special to 425, prime 31s to 33s 9d. medium 2Rs to 30s 6d, light unfinished 25s 6d to 27s fid, extra prime ewes 31s Gd to 34s 6d. a few special to 38s, prime 28s 9d to 31s 3d, medium 2Cs fid to 28s 6d, light unfinished 24s 9d to 26s 3d.

Fat Cattle.—Yarding 366 head, a few less than last week: values eased further to a slight extent; prime medium-weight steers 27s fid tn 30s per 100 lb, heavy 26s to 28s, secondary 23s to 255, cow beef to 17s 6d, all local offerings, no outside beef being forward, extra prime steers £l3 5s to £l5 12s 6d. prime £lO 15s to £l3, medium £7 15s to £lO 12s fid, light unfinished £7 ss, extra prime heifers £lO 10s, prime £7 to £8 15s, ordinary £4 to £6 10s, prime cows £6 to £8 12s Rd. Vealers.—Anything good sold fairly well, hut generally prices showed a decline about 5s per head on late rates, runners £4 ss, ordinary vealers £3 to £3 15s. store cattle, demand not keen and prices easier, three-year steers £4 5s to £4 15s, 18-month to two-year steers £2 to £2 ss, 18-month to two-year heifers £1 17s fid to £2 ss. Dairy Cattle.—Demand for good quality cows fair at a price, extra good second, third and fourth calvers £lO. medium to good £7 10s. aged inferior springers £2 to £4 10s, extra good springing heifers £lO 10s, medium springing heifers £2 10s to £5. Fat Pigs.—Prices firmer for porkers, but baconers not In keen demand and prices easier, choppers £1 10s to £3. light baconers £2 12s to £3, heavy £3 3s to £3 Bs, average price per lb, light 5d to 5%d, - heavy 4 1 ,4 d to sd, light porkers £1 18s to £2 3s, heavy £2 10s, average price per 1b 6%d to 7d. store pigs, good demand, prices generally higher, large stores 30s to 40s, medium 25s to 28s fid. small 18s to 235, good weaners 15s to 275. JOHSONVILLE SALE. Messrs. Abraham and Williams report on the Johnsonville sale held on Wednesday, December 6:—A good yarding of sheep sold freely, wethers being in good demand. Good lambs met with a free market at prices in vendors’ favor. The heef market was dull and lifeless, ox beef making only 20s to 21s per 100 lb, .and cow heef 16s to 17s per 100 lb. Wholesale companies seem to be supplying butchers at prices well below market quotations. We quote: Best wethers 32s to 335, woolly to 335, best ewes 32s to 335. light shorn ewes 26s 6d to 28s 6d. light sorts 22s 6d to 245, good lambs 28s to 32s 3d, medium 26s 6d to 28s, light 24s 6d to 275, vealers 30s tc £2 ss. Best ox £8 15s to £9 ss. medium £8 to £8 10s, light £7 to £7 16s, best cows £5 10s to £6 10s, good £5 to £5 15s, fair £4 to £4 15s. Good vealers £2 to £2 2s, fair 30s to 37s Gd, small 25s to 30s.