COMMERCIAL.

Waikato Times, Volume 107, Issue 17976, 22 March 1930, Page 10

COMMERCIAL.

' LONDON WOOL SALES. STEADY YORKSHIRE DEMAND. OPENING RATES MAINTAINED. United Press Assn.—Elec. Tel.—Copyright. LONDON, March 20. At the wool sales 8634 hales were offered, of which 4331 were New Zealand. About 7150 were sold. There was a good selection of greasy merinos, a -moderate lot of scoureds, and a good offering of greasy crossbreds. There was a steady Yorkshire demand at full opening rates. New Zealand greasy crossbred sales: Akitlo, top price lid, average 10fd; Te Rata, 9id and B£d. SALE OF SHEEPSKINS. LONDON, March 20. At the sheepskin sales 3280 bales were offered to a large attendance. There w’as a good American and home trade, but Continental inquiry was small. Merinos declined 7J per cent, compared with January 30; crossbreds, fine to medium, good style, 10 per cent.; inferior and faulty, 10 to 15 per cent.

BANK OF ENGLAND. WEEK’S RETURNS. United P-ress Assn.—Elcc. Tel.—Copyright. LONDON, March 20. Tne following are the weekly returns for the Bank of England:— Issue Department—Notes in circulation, £348,890,201; in banking department, £64,567,857 -- total, £413,458,058. Government debt, £11,015,100; other Government securities, £233,569,774 ; other securities, £10,651,478; silver coin, £4,463,648 (these four items constitute the fiduciary issue total, £260,000,000); gold coin and bullion, £153,458,058 — grand total, £413,458,058. Banking Department—Proprietors’ capital, £14,553,000; rest, £3,748,246 ; public deposits, £12,882,650; other deposits, bankers’ £62,086,473, other accounts £35,883,025; seven-day and other bills £l797—total, £129,155,221. Government securities, £41,481,563; other securities, discounts, and advances £6,060,054; securities, £16,258,430; notes, £64,567,857; gold and silver- coin, £787,317- —total, £129,155,221. Proportion of reserve to Liabilities, 58.90 per cent.; short loans, 2 per cent; three-month bills, 2J per cent. AUSTRALIAN PRODUCE. SYDNEY, March 21. Wheat, in bulk 4s sd, bagged 4s 7d; flour, £11; pollard, £7 15s; bran, £8 10s; potatoes, Tasmanian £8 to £.lO, Victorian £7; onions, Victorian Globe and Brown Spanish £5; oats, white 4s 9d, Algerian 4s 3d; maize. 6s^

ADELAIDE, March 21. Wheat, 4s Id; flour, £lO 15s; bran, £6 15s; pollard, £7 17s Gd; oats, Algerian 2s 8d to 2s lOd. MELBOURNE, March 21. Wheat, 4s 6d to 4s 8d; flour, £lO 15s to £11; bran, £7 15s; pollard, £8; oats, milling 3s to 3s id, feed 2s 7d 1,0 2s 9d. AUCKLAND PRODUCE. Wheat. —Offerings of fowl wheat are restricted and the local price is quietly firm at 7s 9d. Oats. —Offering a little more, freely in Canterbury. Local quotation is firm at 4s lid ex store for B grade and 5s for A. Chaff. —Steady at £lO las ex store for best southern. Demand is very quiet, owing to the exceptionally good pastures. pollard.—A likely shortage has induced importation from Australia. The first lot arrived by the Ulimaroa and is selling at £lO ss. The price has since fallen in Australia and it is expected that the next shipment will sell at the same price as local. Maize. —The first importation from South Africa arrived by the Ulimaroa and is selling at 6s 9d, the quality being good and free from weevil. This has still further reduced the interns taken in local, which will have to sell at the same price. Potatoes.—The bulk of the business is being done in supplies from Rangitikei and Canterbury. The Rangitikei potatoes are of prime quality and many of the Canterbury consignments are very fair Theseimportations are selling at £8 to £8 5s and further quantities are due next week. Lo.cai are not receiving much attention, and the price is £7 on trucks. Onions.— Heavy supplies keep the price down to £5 on trucks at Pukekohe, allowing for sale ex Auckland store at 6s. There is little or no prospect of price improvement. Grass Seed.—A few orders are coming in, but only for very small quantities, and it is understood that no large areas will ha planted this autumn. . , Fertilisers. —Heavy deliveries have been made in super and other topdressing fertilisers from the mills and from recent arrivals from overseas. Poultry.-—'Cockerels, heavy prime, 6s to 7s 6d each; not prime, 3s to 3s 6d; light, prime, 4s to 4s 9d; not prime, 2s to 2s 6d; fat roosters, heavy prime, 3s Gd; light, 2s; fat liens, heavy, 3s Gd; light, is 9d to 2s 3d; laying hens, heavy, 3s to 3s 3d; light, 2s 3d to 2s 6d; pullets, heavy, best, 6s to Gs 3d; smaller, 2s to 3s; light, best., 4s Gd to 5s 6d; smaller, 2s to 2s 3d; drakes, young, prime, 3s to 3s 6d; smaller 2s to 2s 6d; old, 2s to 2s 3d; ducks, young, 3s 3d to 3s 6d; old, 2s to 2s 3d; geese, 4s to ss; turkey hens, 6s to 7s 6d; gobblers, 14s 9d to 17s 3d. Dairy Produce. —Hen eggs, special grade, first quality, 2s 3d: A grade, 2s 2d; B grace. Is lid: duck eggs, special grade, first, quality, 2s Id: A grade, 2s: B grade, 1 s 1 Od; larmers butter, Is to Is 3d per lb.

RAETIHI CATTLE FAIR. • Messrs Dalgety and Company, Ltd., report having held a most successful cattle fair at Raetihi on March 18. Out of a yarding of approximately 1900 head of cattle we submitted 950. The quality of the yarding, with the exception of one or two pens, was excellent, and indicated that farmers were breeding a better class of cattle than previously. The buyers present for young cattle were from Waikato. Wanganui and Manawatu districts, and keenly competed for any good lines oj one and a half and two and a halfyear steers and heifers. Cows am. calves and rougher-bred young cattle were hard to sell and big bullocks in a number of cases did not reach the owners’ idea of value. Taken on the whole, the prices reached were better than was expected. We quote the following range of prices: 2j-year-old steers £8 to £9 14s, three-year-old steers £8 18s to £lO 10s, four and five-year-old coloured bullocks £8 5s to £lO 10s, .18-month steers £4 5s to £6 17s, fat cows £5 10s to £7 15s, empty cows £4 19s to £6, 20-month Polled Angus heifers to £6 10s, potter bulls £5 10s to £8 ils.

KAUROA STOCK SALE. Messrs Dalgety and Company, Ltd., report that at their usual stock sale at Kauroa a fair yarding of sheep and an extra large yarding of all classes of cattle came forward, and although bidding was slow practically ail stock yarded changed hands. Prices wero certainly lower than preceding sales, but .fin most cases sellers met the market. Following is a list of prices: Store two-tooth wethers 21s to 225, two-tooth ewes 27s 6d, small ewo lambs 16s, others 15s, mixed-sex lambs 13s 6d, fat cows £6 10s to £7 ss, lighter sorts £5 to £5 10s, boner cows £3 10s to £4 15s, light fat steers £lO 10s to £ll 12s 6d, three-year steers £8 15s to £9, 2J-year Polled Angus steers £8 5s to £8 11s, others £6 15s to £7 10s, 18-month steers £5 to £6 ss, cows and calves £6 10s to £7 ss, two-year heifers in calf £6 5s lo £6 ss, cows and calves £6 5s to 10s to £4 ss, weaner Jersey heifers £2 10s to £4, good sorts weaner Shorthorn heifers £1 10s to £2 ss, weaner Shorthorn steers £1 15s to £2 17s 6d, heavy bulls £6 5s to £6 10s, lighter sorts £3 15s to £5 ss, mare and foal £7.