COMMERCIAL.

Lyttelton Times, Volume CXXIII, Issue 15922, 7 May 1912, Page 8

COMMERCIAL.

THE FROZEN JLEAT TRADE. United Press Association —By Electric Telegraph—Copyright. LONDON May 5. % The Frozen Meat Trado Association'* Smithfield Market quotat/ions for the .undermentioned classes of frozen meat are based on actual sales of not less than 100 carcases of mutton or lamb or- 25 carcases of beef of fair average quality. These quotations arc ' not for selected lines, but for 'parcels fairly representative of the bulk, of the ' ■hipmeuts now on the market: —

prices are unchanged. Wool.—Tl wool sales have closed, j j There was a .arge attendance, and com-< jpetltion was keen for co." 30 cross-breds at the average of January rates. Fine | /to medium, cross-bivds were from 6- to 10 \ ijper cent cheaper, fc'coured slipes showa 5 .per cent advance, and all merino wools closed strong 5 per cent dearer. jLambs were in good supply, and meri--1 poe* advanced 5 per cent, and crossbreds sold at January's best level. ■ ■ {There were catalogued 269,387 bales, and; of these there were sold for the pome trade 141,000 hales, for the Continent 100,000, for tho United States 12,000, and there were held over 19,250. {The Moawhango clip's to£ price was jlljd, and the average 9Jd. Hauini, top 10d, average £<-Jd. Toko, top 9d, : Bfd. (Received May 7, 12.50 a.m.) SYDNEY, May 6. IJug price of flour has been raised 10s per ton. .. <■ ■ jIHIGH COMMISSIONER'S REPORT. [Per Press Association.] s Co WELLINGTON, May 6. The Department of Industries and Commerce has received the .following cable message from the High Commissioner, dated London, May 5. The quotations, unless otherwise specified, are the average market prices on the apot:— Frozen Meat.—Mutton—The market is quiet but steady. Light weights continue scarce, and command premium prices. Canterbury js not quoted officially,'but prices are about the same as , last, week's, viz.:—Canterbury, 4Jd; !> North Island, light weights 33d, heavy weights 3Jd. Lamb—-The market is •' Tery firm in general, and there is an active demand. Shipments are now ■-..clearing as soon' as they arrive. Future prospects are good. Canterbury s£d; ether than Canterbury, 5Jd; River Plate, s£d. Beef—The market is firm, with a good demand. New Zealand hindquarters, 4|d; New Zealand forequarters, 3jd. The following are tho shipments of mutton and lamb carcases ■ .received at the following ports from Argentine during April:—

Butter.—The market is somewhat iteadier. Choicest New Zealand butter to-day is 110 s per cwt; Australian, 106 s; Argentina, 105 s; Danish, 113 s; Siberian, 106 s. Cheese.—The market is quiet and, rather steadier; New Zealand, white 595, coloured ••705.: Herap.—The. market is firmer, with more demand; spot, New Zealand good Mr. £2l/15s per ton, fair £2O 10s; forward shipment,' same price. • Fair current Manila, spot £22, forward shipment £22 10s. The output from Manila for the week was 26,000 bales. Grain and' Pulse.—Wheat—The mar;£ct is active, notwithstanding advices of • heavy shipments. Nominal values aro: New Zealand long-berried wheat, ex •granary, per quarter of 4961 b, 38s; .ehort-berned 375. Oats—The market -is weaker, with a tendency downward, ! - in anticipation of heavy arrivals. Peas" ' —The market is firmer; nominally, New, Zealand peas, Partridge, per 5041 b, . 375.. j Beans'—The market is steady/ with ,a.; moderate inquiry; nominally,. New'Zealand'beans, f.a.q. (old crop), per 5041 b, 395. \ Hops.—The market remains firm. Wool.—The second series of wool sales has closed. The market was strong, with a very large demand, especially » for superior merino and strong crossbrcds. The prospects aro favourable. Of New Zealand wools 7700 bales were held over. The estimated values were: 'r— Superior merino Is to Is ljd per lb, 9Jd to 114 d, inferior 7sd to 9d; fine cross-breds, all grades, lid to 12Jd.; medium cross-breds, BJd to lid; coarse cross-breds, 7id to lOjd. The Bank of Now Zealand has received the following cable message from its London office:—"The market has closed with a good demand for fine andicoarse cross-breds. Total quantity held over 21,000 bales, of which 9000 bales are New Zealand. Coarse crossbred wool has been in better demand it an advance of 5 per cent compared %ith the average of last sales. Prospects are favourable." •she following cablegram has been received by Messrs Dalgety and Co.. Ltd.. from their London office, dated London, May 4, 1912:—"Wool sales closed very firm, especially for firieh'sired merinps. As compared with closing rates "of last series, greasy merinos are par to 5 per cent higher for sitper, 5 per cent higher for fair to gabd and par to 5 per cent higher, for inferior. Scoured merinos are par to 6 oer.cent higher. Greasy cross-breds, . light condition, free or nearly free, are unchanged, shabby and dingy par to 5 per cent lower, medium quality unchanged, coarse quality par to ij per cent. higher. Scoured cross-breds are 5 per cent higher. Some 145,000 bales were sold for »Home consumption, 100,000' bales to' the Continent. 10,000 bales to America and 20,000 bales were carried forward, of which 10,000 bales were not offered at this series." Tire New Zealand Loan and Mercantile Agency Company, Ltd., has received the following cablegram from London:' —" London Wool Sales.—A total of 253,000 bales have been sold, and ■ 20,000 bales held over: 100.000 bales I > for the- Continent and 10,000 bales.

have been taken for America. Sales ctosed -with, good competition.. Quotations unchanged since Inst telegram. Frozen Meat.—There is more inquiry for mutton. The market is very firm for lamb and slightly better for beef (sides)." STOCK EXCHANGE OF CANTERBURY. : The follo\rinz are latest quotations:

i April23. Mayo. . .Muttond. d. Canterbury, .light 43 . <8 Canterbury, medium ' s *i 42 Canterbury, heavy — — Southland ... — — - North Island, best brands 3J Si North Island, • ordinary . 8 9-1G 3i •New Zealand; ewes . 8 3-16 3 3-16 Australian, light <, • "■ u a Australian, heavy , . 8 5-16 3o-16 Australian ewes • * 31 8| Haver Plate, light . SI 3J River Plate, heavy . . Si 34 River Plate ewes , . 3 3-16 3 3-lfl |<amb— - i Canterbury, ilight . . 5J BJ Canterbury, medium . S 11-16 5J Canterbury, oheavy North Island, selected 61 B« 5j 52 North Island, ordinary . 5 7-16 5h Southland, selected . *l *l Australian, best brands . 6J 51 Australian, fair quality . 6 •5* Australian, inferior . a 5 River Plate, first quality s' s Paver Plate, second quality *i 5 l Beef—. J- New" Zealand, 'fores ; . Si 31 New Zealand, hinds 41 4i 1 Australian, fores 3 S HI Australian, Jsino.9 • . -'R River Plate, chilled fores 34 31 River Plate, hilled hin9s C; 5 River Plate, frozen fores 31 81 ' River Plate, frozen hinds a n Rabbits.—The nir 1% is dull, and

Mutton. Xiarnb. [jpndon . • . 69,527 10,533 Liverpool . . . 101,344 54,400 anil '. . 5.5(H) — Sfewcastie • • . 14,910 1,636 Southampton . . 14,630 1.S50 Cardiff - . 8,316 ,' • — Plymouth > • 1,056 523 Ireland .- • 1,678 — Total . . . 217,500 68,442 Total, -April, 1911 . 229,845 86,702

* Buyera. Sellers. £ i. d. £ a. d. GAS— Tiniaru . • « 97 6 IN6UIIANCE— National of N.Z.-. < 1 18 9 MEAT— Christchurch Meat Co. (£10 paid) . . MISCELLANEOUS— 15 7 6 Bcoth, Macdonald. ,, ■*■. r f'jj ' 10 6 N.Z. Drug Co. ' 'j A \m$r:> N.Z. Fanners' Co-op. * 2 9 0 N.Z. Paper Mills ■ t : , ■£> ;. ■. , ;• 12 0 MINING— Talisman . •....• 2 5 0 Waihi Grtind'Junction 15 9 1 G 0 . ._.