COMMERCIAL.

Timaru Herald, Volume CXXIII, 25 March 1926, Page 7

COMMERCIAL.

CHICAGO WHEAT QUOTATIONS. By Cable —Press Association—Copyright. Australian and N.Z. Cable Association (Received March 24, 7.50 p.m.) NEW YORK March. 23. "Wheat. —Mav, new 157£ cents, old 150 cents; July 136 cents; September 132 cents. AUSTRALIA'S COMMERCIAL TREATIES. By Cable —Press Association—Copyright. ’ N.Z * •solution. (Received March 24, 5.5 p.m.) MELBOURNE, March 24. The House of Representatives, considering the tariff, increased the import duty on maize from Is 6d to 2s 6d, 3s to 2s 6d, and 3s to 3s 6d. . Arising out of this, Mr Prntten explained that the steps were being taken to abrogate the commercial treaty with • South Africa, whicljpivas replaced by a new reciprocal treaty. This was the outcome of the action of the South African Ministry last, year in materially altering the terms of the preference which it gave to Australia for the benefits received under the 1906 treaty, but the change would be made in no unfriendly spirit. ADDINGTON MARKET. BIG YARDING OF STORES. By Telegraph—Press Association. CHRISTCHURCH, March 24. Another heavy entry of store sheep at Addington to-day numbered 40,000. A heavy proportion wore of indifferent class North island ewes. All classes of fat stock sold briskly. Store sheep.—A very heavy entry' was forward, mostly ewes of poor quality. North Ts’and consignments were easier by up to 2s per head. Good ewes showed little change, and rape lambs sold, ' if anything, better than last week. Passings were more frequent than Usual. Forward rape lambs made 21s to 235, medium lambs 19s to- 20s 6d, small crossbred lambs 15s to 18s (VI, inferior lambs 14s to 15s, good threequarterbred ewe lambs 23s to 265, halfbred ewe lambs 22s to 255, two-tooth three-quarterbred ewes 28s 6d to 325, inferior two-tooth three-quarterbred ewes 24s to 27s 6d; four, six and eighttooth three-quarterbred ewes 25s 6d to 31s (id, lower conditioned four, six and eight-tooth three-quarterbred ewes 21s fid to 25s 9d, four and five-year-old local crossbred ewes to 295, failingmouthed halfbred ewes 18s 9d to 24s 6d, failing-mouthed crossbred ewes 16s to 21s. .four and six-tooth crossbred wethers 25s to 275, two and four-tooth halfbred wethers 22s 6d to 255. Fat lambs.—2soo were entered, and an advance of Is per head was recorded. Show lambs brought up to- 40s, extra prime to 325. prime 29s to 31s, medium weight 27s 6d to 29s 6d. Fat sheep.—There was a smaller entry, and a very bright sale followed, values being up for export ewes and all c’asoes of wethers by Is to Is 6d a head. The export schedule was genorallv -exceeded. Extra prime wethers 1 fetched 36s to 395, prime wethers 31s to 34s 6d, medium wethers 27s 9d to 30s 6d; extra prime ewes 28s to 335, prime ewes 24s to 26s 6d, medium ewes 2CF 6d to 23s 6d. Fat cattle.—A smaller entry, comprising 485 head. The bulk were cows, but for steers the forward sale was verv brisk, the drop of the nrevious week being fully recovered. Best beef was worth from 37s fid to 40s, in a few cases to 425, poll lOOlbs, heavy weight 35s to 38s, medium quality 32s to 345. Extra heavy steers sold up to £l3 17s 6d, heavy steers £ls to £V*. prime medium weight steers £l4 to £l7, medium quality steers £lO to £l3. light steera £6 to £9 10s: extra prime heifers to £l2 17s 6d, prime heifers £6 10s to £8 10s; extra prime cows to £l3 2s 6d, prime cows £7 15 to £lO 10s, medium cows £5 15s to £7 10s. Vealnrs met with a good sale. Calves brought 20s to 60s, runners £3 5s to £6 10s. Store cattle.—Some good lines of steers were forward. Three-year steers, made to £" Is, five-year steers to £8 Is, cows to A"®. Dairy catt'c.— A very small entrv was yarded. Springing rows made £5 to £lO 10s, springing heifers £4 10s to £9, Fat pigs were sliohtlv easier. Choppers brought £3 10s' to £9 13s 6d, baconers £4 to £6 10s (average per lb 9d to Old) : corkers 57s to 80s (average 9Jd to ]01d). Store pigs were in slacker demand. Weaners made 8s to 15s, slips 22s to 265. stores 2f\ to 50s, extra large 55s to 03s. BURNSIDE MARKET. By Telegraph—Pr***H Association DUNEDIN, .March 21. There were big vnrdings in the' main at Burnside to-day on account of the forthcoming hohVv- season. Pat cat* t’e advanced, while pigs rose further. Sheep.—There was a good mixed entry of 254. Finished wethers of weight were in the greatest proportion, including some pannings of extra heavies from the south. Values generally for wethers were practically on a. par with last week’s, hut ewes were a shade dearer. Extra heavy wethers made from 39s to 41s, prime heavies from 35s to 37s 3d. medium weights from 25k to 325. Heavy ewes made 26s to 28s Od, medium'-90s 3d to 235, light from 14s to 18s 9d. Lambs. —An exceptionally big yarding of llSf came forward, as against 607 last week. The quality was from fair to prime, and there were a number of heavy pennings. Competition was

good and rates similar to the previous salols ruled. Butchers were bidding keenly for heavy grades until near the dose of the sale, when values for lambs ■of the class lifted a trifle. Extra heavy animals realised from 27s 9d to 29s 9cl, prime from 25s 9d to 26s 6d, medium from 23s to 24s 6d, unfinished from 21s 9d to 22s 6d. Prime wethers sold on the basis of 4)d to 5d per lb; prime owes 4d, aged and light ewes 3jd. eavv lambs sold on the basis of 8)d in, and prime 9d. Fat cattle.—Approximately 360 were yarded, tiro approaching holidays accounting for the big entry. The general varding was comprised of a fair number of prime consignments of bullocks and medium to prime cows, with a lessor proportion of indifferent cows. The opening demand was quiet, some bullocks being passed, and values were down generally by fii'lv £1 per head. Prices were Prime heavy bullocks to £l7, lighter .from £ll-5s to £l2 10s; prime heifers £6 15s to £7 10s; cows £8 5s to £lO. Extra heavy prime bullocks were sold on the basis of 45s -per lOOlbs, prime light bullocks 42s per 100 lbs, prime heifers 32s 6d, light heifers and cows 30s. . Store rattle.—An overflowing entry of 466. made up of some good lines of station eows and heifers, steers and ordinary eows. About 100 head of spryed station heifers and nows met with very keen competition, and so'd at .from £4 to £7 ss. A number of eighteen month heifers brought £2 19s per head, hut the balance of the yarding sold at scarcely altered 'prices. From £. to £:8 15s was made by a lino of 24 -year-old steers Pigs.—A penning, of 78 fats, and 40 stores. Baconers ' and * porkers were firmer by about 5s per head.