COMMERCIAL.

Press, Volume LII, Issue 15658, 2 August 1916, Page 9

COMMERCIAL.

j (By Cable.—Press Association.—Copyright.) (Australian and J\.Z. Cable Association.) METALS. (Ilcccired August Ist, 7 p.m.) LONDON, August 1. Copper—Spot £111 ss, three months £109 os; electrolytic £125. Tin—Spot £168 12s 6d, three months £169 7 S 6d. _ Load—Spot £28 os, three months £27 ss. Spelter—Spot £60, threo months £50. Silver—3o 9-16 d per 02. PRICK OF WHEAT. MELBOURNE, August 1. The heat Board has fixed a uniform price fo r wheat for export of 4s 9d per bushel. SYDNEY WOOL SALES. (Received August Ist. 10 p.m.) SYDNEY, August 1. The new season's wool sales opened strong. The market for the better classcs advanced 5 per cent. Greaey made up to 18id. and scoured to 33Jd. The New Zealand Loan and 3lercnntilo Agency Company, Ltd., has received the following cablegram from its London office: "TV oof—lV o fjuoto present value:—Good merino Is lQd, medium merino Is BJd, inferior merino Is 4id. fine crossbred Is 9d, medium crossbred Is Gkl, coarse crossbred 40's Is od, coarse crossbred 36's Is 4}d." HIGH COMMISSIONER'S REPORT. ! The High Commissioner cabled as follows on July 29th. (Noto: The quotations, unless otherwise specified, are tho average market prices on spot.): Meat.—Now Zealand mutton and lamb arc in active demand owing to the short supply. Prices are unchanged. Owing to the continued small supplies of New Zealand mutton and lamb Argcntino mutton and lamb prices aro higher. American chilled beef, ex ship, is turning out in had con. dition, with tho result that I bolievo tho market has settled down again. Now Zealand mutton. Bgd: ewe muiton, BJd; Argentine mutton, 9Jd; New Zealand lamb. 9}d; Argentine lamb, lid; New Zealand bull beef—hinds sjjd, fores 5 Jd; Argentine chillcd beef— hinds 93d, fores 7d. Butter.—The market Las a firmer tono sinco tho last report. Danish salted, 174s to 178s per cwt; Irish Creamery, salted, 160s to 1625; unsalted, 162s to. 1645; Canadian, salted, 164s to 1665; unsalted. 166s to 168s; New Zealand, salted, 168s to 170s; and up to 1725; unsalted, 168s to 170s; good to fine quality salted, 164s to 1665; Argentine. salted, 156s to 158s: unsalted, 158s to 160s. . Cheese.—The market is quiet, but steady. Canadian white, 88s to 925; I coloured, 88s to 925: English Cheddar, 102s to 106s; New Zealand whito. 90s ito 925; coloured, 88s (according to con--1 dition). Wheat.—Tllo market is firmer, bnt ( offerings are very small. Argentine j afloat. 595; Canadian landed, 565; afloat, 555. Oats.—The market is quiet, but firm for Argentine arrived. Linseed.—Tho market is firm, with a hardening tendency. Calcutta. 725. Hops.—Tho market is quiet, but rather steadier. English, 120s to 150s; Californian, 110s to 130s. GRAIN AND PRODUCE MARKETS. (BY OCR COMMERCIAL EDITOR.) Tuesday Evening. The fixing of the price of Australian wheat fqr export at 4s 9d has relieved the situation in tho wheat market, as it jvas reported that the price might be reduced to 4s. Tho reduction is only lid per bushel, and it is probable that the advance m the London market bas obviated the necessity for bringing the price lower. --Whether the local market will again open at the rates ruling when millors and merchants ceased operations remains to be seen, as thero nas not yet been time to oonsider tho position. In tho meantime, the removal of tho fear of \ importations of cheap Australian wheat ana flour has given considerable re- , lief.

i The wet weather has caused a littlo ' better enquiry for oatsheaf chaff, but , the demand is limited. Prime chaff is worth about £5 at country stations. The potato market shows signs of 1 recovering, as enquiries are now tortiring to hand again from Auckland. ! Buyors have been offering £6 to £6 os, I but there are few sellers at present. I The following are the prices paid to farmers at country stations, freo of commission, sacks extra, except whero ' otherwise stated:— "Wheat (nominal)— rMilling Tuscan, 4s 5d to 4s 6d; Hunters, 4s 9d to 4s 1 lOd; Pearl, 5s to 5s 3d. Oats—2s 7d to 2s 9d for Gortons, and 2s 9d to 2s lOd for Duns. Barley (nominal) —Malting, 4s to 5s j 6d. ' i I Flour—£l2 10s; 1001b bags. £13; 1 501b bags. £13 ss; 251b bags, £13 10s. Bran—£s per ton for shipping. PollSrd—£B per ton for shipping. Oatmeal —2olb bags, £17. Oatsheaf Chaff —£5 for primo quality. Ryegrass—4s to ss. Cocksfoot —12lb seed 9d, 131b seed 9K, l4lb seed lOd. Potatoes—£6 to £6 os for August delivery. Pfcas—Partridge, os. EGG MARKET. At tho auction salo of Feather Brand guaranteed fresh eggs held yesterday, on behalf of the Canterbury Egg Farmers' Association, first-grndo hen eggs brought Is BJd per dozen, second-grade from Is 8d to Is BJd, and duck eggs brought Is B|d. Every lot was sold. THE FROZEN MEAT TRADE. Messrs H. S. Fitter and Sons, writing on June loth, savs:— "Home-kiyed Mutton.—Supplies from Scotland and Ireland are very short, and those from England are not sufficient to meet all requirements, consequently prices arc-very high. "Home-killed Lamb.—lfc is somewhat too early for Scotch lambs, and tfeere are very few from Ireland, so English lambs find a ready sale and are realising high prices. "Frozen Mutton.—Tho requirements of the Government continue to absorb nearly all mutton shipments, a few Now Zealand old owes and a moderate quantity of very big Argentine sheen

being all that are available for Home consumption. Unfortunately the drought in Australia has crippled tho export of mutton from that country. "Frozen Lamb.—Tho supply of New Zealand lamb is still a good deal short of requirements; tho endeavour of tho Government to keep prices from rising too high lias created a. very big demand for that article. A Bmall quantity of Argentine lambs are arriving, but only a portion of theso are available for London. Owing to the drought no Australian lambs have been coming. "American and Argentine Beef.—As the Government are taking large quantities of this beef, only a small percentage is coming to London, and "present prices are very high. "Frozen Beef. 2nd quality.—Very little frozen beef is now seen on the market. Small of South African beef have been arriving; these arrived in good condition, were fairly well butchered, and had been well fed. Somo of tho bullocks were perhaps not quit© so young as they might Tiave been; they realised, ltowevar, very satisfactory prices." RANGIORA MARKET. Thero wero only 463 sheep penned at Rangiora yesterday, 288 being fats and 175 stores Extra prime ewes mado 259 9d, prima 23s 4d to 23s 10d, and prime wethers 26s 2d to 27s sd. The demand for stores was very poor, only three lines beirfg sold. F.m. ewes mado 21s 3d, and mixed sex hoggets 18s. Cfottle—Thero was an entry of fiftyone head, and good prices ruled for those sold Fat heifers made £10 10s to £11 10s, fat sheers to £10 12s 6d, springers and cows in profit £6 to £12, springing heifers to £10 ss, and yearlings to 18-months' culls £4 16s 6d to £6 6s. Pigs—About a hundred were penned. Baconers made 80s to 105s, porkers 48s to oos, small stores' 30s to 40s, and weaners 19s to 265. In tho produce yards heavy crossbred sheepskins sold to Bs. light ss, merinos 5s to Bs, pelts 2s, yearling skins 10s, calf-skins 3s 6d, hides 9d lb, fleece wool Is. crutchings lid. horsehair Is, fat 2Jd Poultry—Roosters 6s to 9s a couple, hens 5s 6d. ducks 9s, one turkey 17s, chickwheat 4s to os a bushel, oats 3s, peas 4s 3d, bran 6s a sack, sharps 13s, wheatmeal 15s to 17s, pigmeal 15s, barlevmeal 15s, oatsheaf chafF. ss, straw chaff 2s, potatoes 13s, carrots 3s, parsnips 29 Gd a kit, apples 7s 6d a ease, poors 3s 6d, and "onions Id lb. •* ASHBTJRTON STOCK MARKET. There was a yarding of 2836 sheep at the weeklv stock sale held at tho Tinwald yards yesterday, as against 2221 at tlio Ashburton yards last week. The yarding included 432 fat ewes. 339 fat wethers, 117 fat lambs, and 1948 stores. Thero was a fair demand for fat ewes and lambs, htrt wethers at tho prices asked were not in demand, and 248 wore passed at auction. Fat ewes made up to 265, wethers to 27s 6d, and lambs to 28s 9d. Tho following was'the range of prices obtained:— Prime butchers' ewes 19a Id to 23s 6d, extra heavy 25s to 265, others 17s. fat wethers 2& lOd to 27s 6d fat lambs 18s 6d to 245, extra lieaw 28s 9d. The yarding of store sheep included 484 hoggets. 54 wethers the balance being ewes in lamb. Thero was very littlo demand for cither ewes or hoggets, and of tho 3-arding 1442 wero passed at auction. ' Among tho passings wero two very fine lines of four, six, and eight-tooth ewes in lamb to Rveland lambs, the property of W. Giddings. Ealing, which were passed at- 35s and 36s 2d respoctivelv. Fat cows sold at £8. £8 2s 6d, and £12 17s 6d; fat heifers? £8; cows springing, £6 17s 6d, £7 12s 6d. £7 15s 6d. £8 ss, £8 los, £9 ss, £10 2s 6d. £14 ss, and £14 10s; dry cows. £2 17s 6d; cow ir full profit, £7 2s 6d; storo heifers, £3 10s.

BUTTER STOCKS.

(rszsa ASSOCIATION TELBGRAV.) WELLINGTON, August 1. The quantity of butter at the -variousgazetted grading 6tores in the , Dominion on July 31st was 26,903 boxes. The total for last year was 11,291,-and the previous year 22,644. CHRISTCHURCH STOCK EXCHANGE. LATEST QUOTATIONS. Buyer*. Sailers. £». d. £a. <L BANKS— National .. £9 6 5 6 0 CEMENTS— Golden Bay .. — 13 6 FINANCIAL — N.Z. and B. Plate Land Mortgage .. 2 0 0 — GAS— Chrtttchurch (aim dir.) — 7 12 6 INSURANCE— Standard .. .« — 1 19 6 MEATS— Canterbury .. ..836 i Christclrurclx .. .. 10 15 0 — SHIPPING— j Huddart-Parkor .. 15 0 — Union .. .. 2 3 6 2 8 6 Union (5J pel oont. prcf.) ' — 11,0 • M.A N^oUo— Mason, Strutters (£1 pd.) 13 0 ■— Maaon, Struthoia (14e pd.) OIS 6 017 0 N.Z. Farmers' Co-op. (6 per cent., Ist pref.) B 6 0 — Wfcitcombe and Tombo — 0 11 0 MINING— Waihi Junction .. 015 3 — YESTERDAY'S BUSINESS ON OTHER EXCHANGES. (PBESS ASSOCIATION TELEGttAiIS.) WELLINGTON. Quotations: —Dominion Developing, eellcrn •11a; Success, sellers 30s; Talisman, buyers Qa 9d, sellers 10s 2d; Waihi, buyers S7s 3d; Union Steam, 43s 0d; Union Steam (preference), buyers 20a lOd. DUNEDIN. Sales: —Union Steam, 395; Talisman, 10s 3d; Paper Milk, 183 (two parcels); Christchurch Meat), £20; Chriatchrorch. Meat (£3 paid), £i.