COMMERCIAL.

Press, Volume LIII, Issue 15849, 14 March 1917, Page 9

COMMERCIAL.

'fij Cable—Press Aseociaiion.—Copyright.) (Australian aad. 2C.Z, Cahlo Asioiiaiion.) (Received March 13th, 10 p.m.) METALS. LONDON, March 12. Copper—Spot £136 ss, three months £133 13s. Electrolytic, £149. Lead—Spot £30 10s. three months' £29 10s. Spelter—Spot £56, three months £52 10s. Tin—Spot £2(X) 7s 6d, throe months £199 17s 6d. WOOL. The Bradford, wool market is very firm all round, and prices arc in sellers' favour. SHARES. Union Steam, buyers 45s 6d, sellers 46s 6d; AYaihi, buyers 31s Gd, sellers 35 s 6d. HIGH COMMISSIONER'S CABLED REPORT. Tlie Department of Agriculture, Industries, and Commerce, has received the following cablegram, dated London, 10th March, 1917, from the High Commisaioner for. Isew Zealand. (NoU>—Quotations, unless otherwise specified, are averago market prices on spot): Meat-There is no material change in tlio market-. Home-killed mutton and beef arc in good supply. Argen- ! tino mutton and lamb, prices are higher ! owing to continued small supplies or ! English lamb. New Zealand and Australian mutton per Jh, B g d, owe mutton, BJd: Argentine mutton, i heavv weight, Hid. light "weight lls^f > Ncw'Zaland lamb, lOd; Argentine lamb, 12% d; New Zealand beef, no supplies availablo; Argentine chilled beef, iuuds lljd, fores 10id. Butter.—Market oontinues firm, owing to the absence of Dutch and Danish. Demand is mostly for colonial salted butters. Cheese. —Market continues, firm owing to continued small supplies. By tho authority of. tho Pood Controller the following maximum -wholesale prices have been fixed for both butter and cheesd during the next two weeks. Danish and finest New Zealand butter, salted and unsalted, 224s per <rwt ; Dutch creamery, Argentine, and. Irish creamery, heavy buying by Home and Continental trade,' 218s, French 2175, American cr.eam.ery 2145. English oheddar. per cwtlGys; Canadian wliito and coloured cheeso 1625; State flats 160s. Hemp.—Market firm and prices continue to advance. Good fair New Zealand per 'ton £69, fair £67, Government graded fair Manila £90, coarse£77. March to May shipment, good fair New Zealand £69, fair £60, Government! graded fair Manila £90, coarse £75. Tho output of hemp at Manila' for the weok ended last Saturday was 22,000 bales. Wheat.—Market firm with an upward tendency. Australian 89s, Canadian 81s, Argentine Btte. Oats.—Market firm with hardening tendency.

GRAIN AND" PRODUCE MARKETS. (BY OUR COMMERCtAr, EDITOR > .. Tuesday Evening. Fair quantities of wheat aro offering, and all on offer is being taken up. Much of it is below milling grade, and is being gold slightly under the prices fixed by the Government, and is practically going out as whole fowl •wheat. . . Offerings of oats continue short, and the demand ie still good. Chaff is quoted at £3 5s to £3 IoS, according to weight. Somp on offer is very light in weight and fetches the lower figure; good heavy stuff is difficult to procure, and farmers appear disinclined to_ sell, though it easily fetches the higher figuro. The market for. cocksfoot and ryegrass is reported to be active, and prices have risen. The following are the i>ricos paid to farmers, at country stations, free. of commission, sacks extra, except where otherwise stated: —

Milling wheat according to Government price. Maximum —Pearl 5s 9cJ 3 Huritere 5s Bd, Tuscan and other varieties 5s 7d f.o.b. Fowl wheat about la to 2d per bushel less. New Oats—Heavy Algerians, Cartons, and Duns, 3s to 3s 6d. Barley—Malting, 4s to os 3d. Flour—£ls per toil; 1001b bags £1-3 10s; 501b~bage, £15 15s; 251b bags, £16. Bran—£-i per torn Pollard—£6 per ton. Oatmeal —2olb bags £21 per ton. New Oateheaf Chaff —£3 5s to £3 15s for immediate, and £3 for forward delivery. Peas —Partridge, 03 9d to 6s 3d. Ryegrass—Perennial, 241b to 251b seed, 4s 3d, '221b to 231b, 3s 6d; lightweight, 3s; Italian, 4s to 4g 6d, Westernwolths and Giant Italian. 4s 6d to 4s 9d. Cocksfoot —121b to 131b seed. 9d to 10Jd. 5 S to £4 10s. Onions—Sss to 90s per ton. ILVXGIORA MARKET. There was an entry of 337 i) fat sheep at the l'angiora yards yesterday. Theio was a large attendance of buyers and farmers.-and prices were in line with last week's quotations. The top price for lambs was 3Ls 4d, which was obtained ior a line sent in by Messrs Yerrall Bros., of Swannanoa. The range of prices was:—Lambs — Extra prime 30s to 31s 4d, prime 27s lid to 29s Bd, others 24s lid to 27s 6d. Ewes> —Extra ;prime 335, iprime L>9s Id to 30s 10d, others 3d to 28s 6d. Wethers—26s to 36s 4d.

Tho principal sales rrerc as follows : —

Lambs —H. Brown. 22 at- 29s 6cl, 60 no 26s 2d: M. Fahey, T7 at 2<3s lOd; "V.\ J. Heney, 55 at 28s; H Talloit, 02 at 26s Td: Dickhoff, 79 at 27s 4d to 30s; H. J. Horrell, 102 at 22s 9d to 27s lid: D. Mcintosh.- 5Q at 24a 9d; C. Hands, 4S at 275, 77 at 24s lid: E. 13<?r»ttio. 21 at 28s lid; -T. White. 26 at 33s Sd; Ja*. Pulley, 135 a t 27s ildi ft. Collie, • 105 at- 28s 7d ; W. Bennett, SO nt 2os 3d; J. Brosnsut, 34 at 275; J. F. Dawson. 53 a't,s7s Hd- j, H. "Wallis, 17 at 27s lfl ;.T." Heitev 41 at 33s od.; F« Hiaoj-30 at 28s sd,' 40 at • 26s 4d: John Catherwood, 45 at 24s •)0d; H. Bcnger. -112 at 27 s 2d: F. Tpapue, 137 Wt 235: T. Power 73 at 2H* fid; TTI Rosters. 109 at 28s fid: Jas. Miles. 183 at- 28s 7d; H. and E. MiJes,

183 at 28s 6d : J. Miles. Co at. "Os lOd: S. McUowan. 44 at 2os Pd; Yerrall Tiros., 31 at 31s 4d: G. Croft, 20 at -•3s 10J: Jas. Hassall. t>-> at 27s 3d; J. Gibb-Stacton, 24 at- -4s Id; H. Clothier, 45 at CDs Id; AY. S. llicharda, 1C at '-Mis lid; Anderson and Berry, 100 at- 27s Id; clients, 43 at 2Ss Id, 1(J at 2os 4d.

Ewes—s. McGowan, 14 at 26s 7d: G. Croft, 10 at 27s 9d: G. Hassall, 20 at 28s Id: AY. J. Heney. 21 at 27s Id; 0. Waters, 13 at 26s od: C. Rands, 18 at 28s 6d; C. Moore. 19 at 335: F. Teague, 12 at 23s Od: J. "White,. 10 at 275: client, 32 at 26s 3d: J. H. AYallis, 12 at 29s Id: YZ Hide.'23 at ?7s 7d: T. Power, 18 at- 245: client, 49 at 27s 2d. 17 at 30s 9d. 5J at 29s 4d, 40 nt 30.? lOd; J. B. Catherwood, 31 at 29s 9d: T. Hawley. 47 at 27s 6d: AY. Rosens, 48 at 27s 9d.

Wethers —F Merrin. 49 at 31s: C. Moore, 8 at 30s 6d: H. Tallott. 10 at 30s 9d; J. G. "Doali, 30 at 30s 4d: A. F. Muir, 7 at There wc-re 2000 store sheeo yarded, for which the demand was fair. . The quality of the sheep was very mixed, and t-lie prices realised were rot up to those realised at- Ambcrley on lionday. Aged ewes juade los 6d to 23s lOd, four end six-tootli ewes 29s 9d to 3jis 9d, eound-mouth ewes 2fls 7d to 28-3, wether lambs 20s 9d. mixed sex lambs 17s Gd to 17s 7d, store wethers 20s to 255.

Cattle—Only 19 head of cattle were yarded, and no dairy cattle were included in the entry. Fat cows niacie £9 to £10, cigh teen-months cattle £5 16s, store cciv.s £3 to £7. _ • Pigs—About ICJ pigs were disposed or. baconers making 73s to 100s, porkers 53s to 603, stores 40s to 18s, and small pigs los to 30s. In the produce yards, heavy crossbred made to 10s od, medium sheepskins 4s to os. light 2s to 3s, merinos 7s, pelts 2s to 3s, calfskins ss. yearling skins 20s, hides 10-Jd, fleece wool is 3d, crutchings 9d, bellies and pieces 8d to 9d, horsehair Is, fat 2d, chick wheat os 0d to (is 3d abushel, oats 3s Gd, grass seed 4s (3d to 3d, bran 6s a sack, sharps lis Od, pigmeal and wheat meal 13s, outsheaf chaff 4s, straw chaff 2s, potatoes id per lb, tomatoes Is 20lb box, apples 3s 0d ri. case, pears 2s, onions Id per lb. Poultry— "Roosters Gs a couple, pullets 3s Od,'liens 3s to 4s, ducks os. geese 3s Gd.

MAYKIELD STOCK SALE At the Mayiield stock sale on Monday, the entry comprised 15-5G fat Bacep anil lambs, and 323 d stores. hats bold u,5 follows: —Lambs —1-0 at 2m ld ; at 20s !M, 123 at 25s 7d, <1.0 at -'os. 1»0 at 2Js lOd, 73 at 2-ls I'd, 170 at U4s Id, 47 at 24a, 05 at 24s . r xl, 121 a 23s lOd, 30 at 23d 2d, H'-l at 23s Id, 20 at 235. AVct-hera —31 at 31s 3d, ™ at 28s, 30 at 27s 6d. Ewes—l.B at 28s Od. 21 at 23s (kl, 80 at 23s sd, 14 at S - -,l Store sheep sold as iollows: Lapc lambs —41 at 2ls 3d, 221 at 20s fld, 103 at l&s; rape owes, B5 at 18s, 47 18s 6d, 51 at 14s (3d, 142 at 13s 4d. Breeding ewes —134 four and six-tooih at 345, 81 two and lour-tooth at ;53s Cd, 204 sound-mouth at 275, 205 EOU " c '" mouth at 20a Gd, 80 two-tooth at -,Bs, sound and failing-mouth at l'3s 4d, 48 full-mouth at 30s, iXK) soimd-moutn merinos at 14s lid, 218 failing-mouth merinos at 9s

ASH BURT ON STOCK MARKET. Tho largest varding of lat theep mid luiur,,: yarded m the Ashburton County was yarded at the -Tinwald yards terday, when the-entry totaled Vl,Gjl, as against -3440 the previous week at tho Ashburton yards. The entry included 1277 fat ewes, 516 fat wethers, and 9601 fat lambs. With butchers and freezing buyers operating, the salo opened well, prices being up to la-to rates, but as the sale continued prices slackened, and in addition many of the unfinished lines of lambs wore passed at auction, the total passingß numbering J 2132.v Fat ewes made up to 3'2s, wethers to 38s, and lambs to 31s fid. The following was the range of prices ol>taiiK.<l; —iMmc bntchor.4* cwo#, 2d to 325: others. 20s to 2Gs fld ; prime wethers. 30s to 335; others, 24s 3d to ?.9s; prinlo freezing lambs. 90s I'l to 31s 8d; others, 22s lo 2ns lid. There was a yarding of fully 10,000 store sheei>, but the entry was far in excess of the demand, and a large proportion was passed at auction.

CHItrSTCHimOEf STOCK. EXCHANGE. LATEST' QUOTATIONS. Buyers. Sel:<n. £a. d. £«. J. DEBENTURES— Lvfcteltcn Harbour (6 p. 9. 1929) .. 00 0 i — BANKS— Nattend' -. •• 0 1 0 BREWERIES— Crown . • • • JJ 0 ll Ward ... •• Sl2 U COAL— Wcstpart .. - I' 8 0 Stockbcn • • ' — 0 7 D Stockton (8 per ceut. prof.) ... .. ■ — 0 U 0 INSURANCE— Stajidajxl (cx div. ) .. — 3 19 0 SHIPPING— Union .. ■. 2 G - 4-0 MISCELLANEOUS— Mason, Strulhers (fl. T>d-) — K ; n Mason, Stnithws (lis pd.) — 010 6 Papuan Products .. 0 2 2- — YESTERDAY'S BUSINESS ON OTHEII EXCHANGES. (rRESS ASSOCIATION TKI.IiOUAMS.) AUCKLAND. Sales: —Auckland Uu3, 28a 3d; contributing, 51e. Sale reported':—Union Steam, iia 2d. DUNEDIN. Sales: —Union Stcum, 433 3d (two parcels); Dominion llnbbcr, £2. MINING SCHEELITE MINE. (SPECIAL TO '"THE IT.ESS.") DUNEDIN, March I!). Th 2 -work at the now scheclite mine at Piikcranpi i 3 progressing favourably', mjno continues to open up well. Machinery lor the treatment oi the ore is now itrrivijx? on tho property, audi it is anticipated that the mine will" bs producing scbeelitc in •liiTgc quantities iu about a month's time.