COMMERCIAL.

Lyttelton Times, Volume CXV, Issue 16566, 2 June 1914, Page 8

COMMERCIAL.

LONDON MARKETS.

FROZEN MEAT.

B} Tulograph—Press Association—Copyright. LONDON, May 31.

The Frozen Meat Trado Association's Smithficld market quotations for tho undermentioned classes of frozen meat arc based on actual sales of not fewer than 100 carcases of mutton or lamb or twenty-five carcases of beef of fair' average quality. These quotations are not for selected lines, but for parcels fairly representative of the hulk

The market is dull, and prices are unchanged. WHEAT. The wheat market is steady and quiet. A cargo of Australian wheat has been sold at 37s lid. Holders ask 37s fid off coast. Tho quantity of wheat and flour' afloat for the United Kingdom amounts to 3,030,000 quarters, and for the Continent to 500,000 quarters. Atlantic shipments total 2,•160.000 quarters. The total for Europe is 1,380,000 quarters, and from Australasia 107,000 quarters. HIGH COMMISSIONER’S REPORT. [Peii Press Association.]. WELLINGTON, June 1. The following is the High Commissioner’s market report dated London, May 30. The. quotations, unless otherwise specified, aro average ’ market prices on spot Frozen Meat.—Mutton —The market is steady and prices, are well maintained. There has been more inclination to purchase mutton during the past week. Canterbury light-weight 4§d. There is a hotter demand for heavy-weight at 3gd. North Island is quoted at 4 13-16 d for light-weight. Lamb. —The market is very firm, with a better demand for heavy-weight on account of the high mice's of English mutton. Canterbury iamb, twos, 6gd, heavy weights 6|d,. other than Canterbury fijd for lightweight. Beef. —Tho market is quiet, with no alteration in prices. New Zealand hinds 4Jd, fores 3£d. Chilled beef is in moderate supply; hinds s]d, fores 3Jd. Butter. —Tho market is steady. Danish is quiet; 113 s to 115 s, exceptionally choico 116 s. New Zealand is firmer; 107 s to 108 s, exceptionally choico 110 s. Australian 100 sto 104 s. Siberian is in moderate supply; 98s to 102 s. Irish creamery is slow; 105 sto 108 s. Cheese.—The market is firm, with an upward tendency. The Canadian 6tock is almost exhausted ; 68s to 70s For New Zealand tho market is firmer, with a fair demand; white 59s 6d to 60s 6cl, coloured 63s to 64s . Australian white 57s to 595, coloured 60s to 625. English cheddar, new make 62s to 68s. English cheddar loaf, new make, 68s to 725. Cheshire, new make, 60s to 655. Hemp.—Tho market is rather unsettled on account of the Mexican position. Now Zealand, good fair, £26 10s, fair £23 10s, June to August shipments, good fair, £26. 15s, fair £23 153. Prices aro nominal. Manila, fair current, £26 10s, Juno to August shipments £26 15s. Prices aro nominal. The output from Manila for the week was 29.000 bales. . _ Hops.—Tlie market is steady, and holders are firm. There is no change in prices. , , Wheat.—The market is steady, hut the demand is only moderate. Oats.—The market is firmer, and tho demand is Incoming better. The stock is being reduced. Beans.—Tho market has advanced. Peas.—Tho market is firm. Cocksfoot.—The market is quiet.

AUSTRALIAN MARKETS.

BUTTER. (Received June 2, 1.5 a.m.) SYDNEY, June 1. Tlie price of butter lias advanced by 4s per cwt.

MARKET REPORTS.

SALES OF STOCK

AMBER.LEY,

At the usual fortnightly sale held at Amberley yesterday there was a yarding of 1000 sheen, of which 800 were fats. Ewes brought from 9s to 18s, wethers from 17s 6d to 18s 2d, lambs 17s to 19s 7d. The principal sales were:—Ewes—For M. D. Wilson, at 17s lid > J. Lawcock, 17s lOd; G. A. Worn all, 11s fid; A. S. George, 14s 9d. Wethers—A. S. George, ißs 2d; C. H. Hamilton, 17s 6d. Lambs— Mrs Tutton, 149 at 19s fid, 39 at 18s 4d ; G. li. Stead, 28 at 18s; J. Lawcock. 27 at 18s 7d; J. Borgfeldt, 42 at 18s; Broomfield Estate. 61 at 17s 9d; H. H. M’Lea.n, 48 a.t 18s 6d, 37 at 19s 7d; W. H. Hale, 91 at 18s; A. S. George, 55 at 15s 4d and F. Coleman, 27 at 17s sd. Pigs, of which there was a small entry, made:—Weaners, 14s 6d to 21s; porkers, 30.5. ’ WAIMATE. At the Glennvv, Waimate, sale yesterday there was" a very large yarding, but the season is nearly over for fats. Prices went up to the following: Fat ewes 18s (id, fat wethers 22s fid, fat lambs 225, cull store ewe lambs 11s, cull wethers 8s 6d, store lambs up to 16s 6d; springing cow £9; eighteenmonths heifer £47 STOCK EXCHANGES. CHRISTCHURCH.

AUCKLAND. [Per Press Association.] AUCKLAND, June 1. Sales —Waihi, 445. 3d.

WELLINGTON. [Per Press Association.] WELLINGTON, June 1. Sales—Union Steam (ordinary), £1 5s 7d. Afternoon call —Now Sylvia, 10Id ; Waibi, 44s 6d

DUNEDIN. [Per Press Association.] DUNEDIN, June 1. Sale made—Waihi Grand Junction, £1 5s sd.

Sales reported—Union Steam, ordinary, cum. div., £i_ss fid; Westport Coal, new issue, £1 las. The following are Stock Exchange quotations:— Dredging Stocks—Electric, buyers 2s fid ;'Rise and Shine, sellers £1 IDs; Rising Sun. sellers £l. Alining Stocks—Ross Goldfields, sellers 4s; Progress Mines of New Zealand, sellers 13s fid; New Sylvia, sellers lid; Waitangi. buyers Is 2d; Watchman, sellers 2s 6(1; Talisman Consolidated,' sellers £1 19s; Waihi, buyers £2 4s. sellers £2 4s 6d ; Waihi Grand Junction, sellers £1 5s sd. Investment Stocks—National Bank, buyers £5 los, sellers £5 15s 6d; National Insurance, sellers £2 13s; Union Steam Ship Company (ord. ex. div.), buyers £1 4s 9d, sellers £1 5s 3d; Union Steani Ship Company (prof.), buyers £1 0s 7d, sellers £1 Is; Westport Coal Co., buyers £1 11s; Westport Coal Co. (new), sellers £1 10s 6d; National Mortgage Co., buyers £4 3s fid, sellers £4 6s: Auckland Trams, buyers £1 4s: Dunedin Stock Exchange Proprietary, buyers £3 3s 6d; Kainpoi Woollen Co. (ord.), buyers £5 5.s 6d : Kaiapoi Woollen Co. (or of.), buyers £5 5s fid. sellers £5 6s 6d; Milburn Lime and Cement, sellers £1 12s; New Zealand Paper Mills, buyers 16s 9d, sellers 17s 2d : Kaikorai Trams, buyers £1 3s fid; Wright, Stephenson, buyers £6 11s.

MININS.

ROSS GOLDFIELDS. [Per Press Association.] WELLINGTON, June 1

The Ross Goldfields mine superintendent reports under date May 28 for tho previous week’s work : “Sixth levoi workings—No. 6 south has been extended to 36 feet from the lino of No. 2 east; wash payable. No. 2 east has been extended to 64 feet from No. 5 south; wash of medium quality. No. 5 south has been driven to 108 feet from opening. Wash poorer in last few sots. No. 4 south has been driven to further distance of 12 feet and is now 52 feet from the opening. Tho wash in this drive though nice-looking is of low quality. One party is blocking in No. 2 south, one partv in No. 3 south and one in No- 5 south. These faces are in wash of fair quality.”

of the shipments now on tho market: — Mav 23. May 30. Mullon— d. d. Canterbury, light ii <1 Canterbury, medium A 1:1-16 A 13-16 Canterbury, heavy . 313-16 32 Southland .... — — North Island, ordinary ;ii 31 North Island, best brands A A 1-16 • Near Zealand ewes . 3 r.-16 3 7-16 Australian, heavy as 3 ill-16 Australian, medium . 3 7-16 3 7-16 Australian, light 3 0-16 3!i 3|! Australian ewes 34 River Plate, light . 39-16 3 9-16 River Plate, heavy . River Plate ewes 3 i 3* 34 — djamb— Canterbury, light . . 6 5-16 6 5-16 Canterbury, medium • 63-16 6 3-16 Canterbury, heavy . 6 1-10 64 North Island, selected . 6i . 63-16 North Island, ordinary . 5 15-16 6 Southland, selected . C 61-16 Australian, best quality . 5S 5 11-16 Australian, fair quality . 5 is 3 11-16 Australian, inferior . 51; 52 River Plate, first quality River Plate, second quality 5S 33 r,r si' Beef (nominal)— New Zealand fores . 34 31 New Zealand hinds . Ah A 5-16 Australian fores . 32 ■’it Australian hinds 4i 4i River P'atc, chilled fores 34 32 River Plate, chilled hinds 54 54 River Piute, frozen fores . 34 34 RABBITS.

The following are the latest quotations: — Bur era. Sellers. COAL— £ s d. £ s. d. Taupiri . • • 1 1 0 Westport INSURANCE— 111 Standard of N.Z. . SHIPPING1 15 0 New Zealand (pref.) . Union Steam Ship 10 5 0 (pref.) WOOLLENS— 1 0 0 Kuiapoi MISCELLANEOUS — Booth, Macdonald and Oo. (pref.) Loyland O’Brien Tim5 5 0 10 0 berr . 1 3 0 Whitcombo and Tombs 5 18 6