COMMERCIAL.

Sun (Christchurch), Volume I, Issue 242, 16 November 1914, Page 5

COMMERCIAL.

PBOzik MtIAT MARKET. 'By,. CabU. — Press Association.—Copyright. LONDON, November 14. 'The Frozen Meat Trade Association 's Sraithfield Market quotations for the undermentioned classes of frozen meat are based on actual sales of not fewer than 100 carcases of mutton, or lamb, or 25 carcases of beef, of fair average; quality. These quotations are not for selected lines, but for parcels .fairly representative of the bulk of the shipments now on the niarket : Ndvr 7 Nov. 14

LONDON MARKETS. (Eeceived November 16, 8.5 a.m.) LONDON, November 15. At the hides sales there was steady enquiry, but the embargo, on exportation was curtailing business. Australians ranged from 8 3-16 d to S 7-16 d. For leather there was good enquiry; best Australian (heavy) 16d to 18d. Basils very firm: First Sydneys 16d to 173 d; New Zealands 19d to 21d. Rabbits were firm, but unchanged. Australians are getting scarce. Wheat is dull, quotations being 3d lower.

The wheat and flour afloat for the United Kingdom is estimated at 2,220,000 quarters, and for the Continent 1,560,000. Atlantic shipments total 762,000, and Pacific 45,000. The total to Europe for the week Was 1,230,000; from India, 64,000. HIGH COMMISSIONER'S REPORT. I'reaa Association. WELLINGTON, November 16. The following is the High Commiseioner's report, dated London, November 14. (Note: Quotations, unless otherwise specified, are average market prices, on spot):— Meat market—Large supplies of Irish beef and English and Dutch mutton are coming forward at a reasonable §rice, which keeps the market steady, 'here is little demand for frozen mutton, but prices are firm owing to the short supply at present in store. Canterbury mutton is 6d per lb, North Island 53d, and ewes s£dLamb —The market is dull with very little business doing, and prices have declined. Canterbury up to 421b, 6 11-16 d; other than Canterbury, 6£d. Beef—The ma/ket is very quiet, with very little doing. New Zealand hinds 6 3-16 d, fores s£d, chilled hinds 6}d, fores ssd.

Butter —The market is quiet. Danish is steady at 136/- to 139/- per cwt. Australian is steady at 122/- to 126/-. Siberian is quiet at 118/- to 120/-. Irish creamery is slow at 122/- to 126/-. Argentine is in fair demand at 120/- to 124/-. Cheese-? The market is firm with a fair demand. Canadian white and

coloured at per cwt., 75/- to 76/-; deep red 70/- to 77/-. English cheddar 82/to 84/-, exceptionally good 86/-. Hemp-^—The market is quiet, but rather steadie'r. Fair current Manila, per ton, £23; forward shipment, December to January, £23 16/-. The output from Manila for the week was 16,000 bales. Bather more interest was shown in New Zealand hemp this week, but at present the price is low. Good fair grade, per ton £22 to £22 5/-. High points quoted at £2l 5/-, and fair £2O 15/- for forward shipment. The stocks of New Zealand hemp, and tow at the end of October were 1204 tons.

There is a better demand for sisal, but owing to the political situation in Mexico it is difficult to give reliable quotations. The nominal values are £l9 12/6 per ton for fair, average quality, and £2O 7/6 for superior quality. Wool.—36's low crossbreds, 18Jd per lb; 50's halfbreds, 25|d; 40's. low crossbreds, 19|d; , 56's quarterbreds, 28d; 44's medium Crossbreds, 21d; 60's } merinos, 30d. There is no material change in the' market, and quotations are well maintained.

CHRISTCHURCH STOCK EXCHANGE.

NOVEMBER 16, 1914. TO DAY'S QUOTATIONS.

BULL SALE. Messrs H. Matson and Co. report having held their annual bull sale on Saturday, when there was an entry of 103 head. As is customary at this sale, prior to the opening each entry is drawn for by ballot, so that no vendor can say he has not had a fair draw, and as each entry is separately submitted no vendor can monopolise the market. This system has proved very satisfactory, and merits the confidence, of the vendors, with the result that the sale has become such an established one that buyers and sellers alike look forward to making their purchases and submitting their consignments with confidence.

The following are some of the principal sales:—On account W. Scoon: Roan bull, calved November 25, 1912, 19gs; roan ball, calved September 13, 1913, 25JgB; red bulU calved November 7, 1912, 17Jgs; roan bull, calved September Bull, Master Recorder, calyed August, 1913, 15gs. W. A. Morgan: Jersey two-year-old bull, BJgs. H. Pannett: Roan bull, calved March, 1913, 17ga. J.. Moore: Yearling bull, sJgs. W. C. Chamberlain: Red and white bull, calved September, 1913, 19gs;'rich red bull, calved November, 1913, 27gs; roan bull, calved September 19, 1913, 23gs; roan bull, calved January 3, 1913, 24gs; red bull, calved November 26, 1912, 20gs; red bull, calved May 29, 1913, 16Jgs. Hight Bros.: Roan bull, calved November 4, 1913, 15Jgs. W. Brooks: Yearling bull, calved June, 1913, 18Jgs; bull, calved May, 1913, 17gs. G. Gilbert: Jersey bull, sgs. Ashburton client: Jersey bull, sgs. Ballin Bros.: Jersey bull, calved May, 1913, 4Jgs. A. Addington: Jersey bull, two years old, Bgs. J. Bunting: Yearling Jersey bull, sJgs. D. Stalker: Yearling Jersey bull, 6gs; Jersey bull, Starlight, ,4Jgs. A. Fairweather: Yearling Jersey, calved [September, 1913, 4-lgs. W. A. Morgan: Yearling roan Shorthorn, 9Jgs; yearling roan Shorthorn, 15Jgs; roan Shorthorn bull, calved December, 1914, 14gs; Shorthorn bull, calved September 15, 1913, 18gs; bull, General French, calved October 10, 1913, 19Jgs. Hight Bros.: Shorthorn bull, calved October, 1913, 16gs; Shorthorn bull, calved October, 1913, 15Jgs; Shorthorn bull, Duke of Ostend, calved November, 1913, Bgs; bull, Conaaught, calved November, 1913, 13Jgs; Shorthorn bull, calved July, 1913, 13Jgs; Shorthorn bull, calved August, 1913, 14gs; Shorthorn bull, calved October, 1912, 25gs; Shorthorn bull, calved December, 1912, 25gs. W. Nixon: Shorthorn bull, two years old, 17gs. W. Brooks: Shorthorn bull, calved September, 1913, 9gs. W. J. Jenkins: Shorthorn bull, calved November 10, 1912, 9gs. W. A. Morgans Shorthorn bull, calved December, 1911, 19gs; Shorthorn bull, calved November 5, 1911, 17Jgs. A client: Shorthorn bull, roan Shorthorn bull, 11 months old, Bi?gs. R. Leggitt: Shorthorn bull, calved April 5, 1910, 14gs. A. S. Barker: 10-month-old Shorthorn, Ggs; 10-month-old Shorthorn, 4Jgs. J. Johns: Two-year-old Shorthorn, 12Jgs; 10-month-old Shorthorn, 8&gs; 10-month-old Shorthorn, 7Jgs; 10-month-old Shorthorn, BJgs; 10-month-old Sho*»thorn, 6gs. Frank Bennett: 18-month-old Shorthorn, 12gK. Ashburton client: Holstein bull, 12gs; three-year-old Holstein, 13}gs. C. Morris: Year-old Holstein bull, 13gs. J. B. Reid: Holstein bull, calved February, 1914, 15gs. R. Collee: 11-month-old Holstein bull, 6gs. R. Ellis: Holstein yearling, sJgs. Milne Bros.: 18-montu-

old Holstein bull, 9gs. B. H. Rhodes (in conjunction with Messrs Pyne and. Co.) : One red pole bull, calved, December ' 25, 1912, 20gs; red pole bull, calved August 11, 1913,* 25g«. .

A good many others were sold, in tlio vicinity of seven and eight-month-old calves, which were absolutely unfit for auction, at from 3 jgs to 6gs. The competition for Jferseys was very limited. The market for Holsteins and all good Shorthorns can be assessed by the number of sales and by the fact that the firm quitted 87 out of an entry of 103.

Mutton--- -.■"■■■.-, d. d . ■> Canterbury, light .* .. rr- r -, - — -Canterbury, medium ■•...-;. •«-v :"■ —' :-. Canterbury, heavy,,,..,,. .— — Southland' ''" '„;,".,,• . »7^>.«"' 'M.:\ 53 North Island, ordinaryV. ; -i_. '• ? -- ;: _ — North Islana;' teait brand*' ■•«* £ I New Zealand, ewes — — Australian,! heavy f _ ?.s. i —i- — Australian, medium ' '■«.' —.- — Australian* light . ;. <, *~ ■.-■;• ■■- - Australian, ewes .. .. — — River Plate, light .. — . 5g River Plate, heavy .. — 55 River Plate, ewes '•»•». —- 5 5-16 Lamb— > ... . Canterbury, light .. .. — 6 11-16 Canterbury, light, second — 6§ Canterbury, medium .. — 6i Canterbury, heavy .. — 6g North Island, selected'.. — — North Island, ordinary .. _=. — . Southland, selected .. — — Australian, wethers .. — — Australian, fair quality.. •3 9-16 6 9-16 Australian, inferior 6 7-16 6 7-16 River Plate, first quality — n.o. River Plate, second quality :—- n.o. Beef New Zealand, fores .. — — New Zealand, hinds ,. 6 3-16 6 8-16 Australian, fores — "53. Australian hinds 6 J C a River Plate, frozen fores : J - — River Plate, frozen hinds 6 3-16 6 3-16 River Plate, chilled fores 5§ 51 River Plate, chilled hinds 6S € i Uruguay, frozen fores .. — — Uruguay, frozen hinds .. 6 C t Uruguay, chilled fores .. 54 54 Uruguay, chilled hinds .. 53 52

Buyers. Sellers. ttANKS— "£■•• s. . a. £ 8. d. National .. . . .. — 5 3 6 N.Z. (fully paid) ... 15 5 0 — COAL0 17 0 _ <T 3 7 — GAS Christchurclf" .. . . — 7 5 0 MISCELLANEOUS— N.Z. Farmers' Co-op. 2 3 0 —.. MINING— — 1 9 0 ___ 1 14 6