COMMERCIAL.

Lyttelton Times, Volume CXV, Issue 16646, 3 September 1914, Page 11

COMMERCIAL.

LONDON MARKETS. By Telegraph—Pros? Association—Copyright. LONDON, September 1. WHEAT. The wheat market is firm but quiet. Forty-four shillings and sixpence to 46s is asked for Australian. . There is excited and heavy foreign buying on the Chicago market. AUSTRALIAN MARKETS. WHEAT. SYDNEY, September % '■ . Wheat is steady. Sellers want 4s 9d V *nd buyers offer to 4s Bid. ADDINGTON YARDS. " THE METROPOLITAN MARKET. YESTERDAY'S SALE. At the Addington metropolitan market vesterday there was an average 'attendance, all classes as usual being represented. The yarding of fat sheep differed little from that of the previous week, whilst that of store sheep was : again of limited dimensions. Fat cattle entries wore not large and the market ehowed a sharp advance in values. FAT OATTLE. The yarding of fat cattle was not a vorv large one, the entry being limited to '245 head, compared with 273 at the previous sale, 344 on August 19, 283 on August 5; and 219 on July 29. The quality taken all round was notably good, the animals penned including an unusual high percentage of very prime beef. The demand from the outset was particularly keen, the whole sale showing a substantial advance in values compared with the rates ruling recently. Beef realised 32s to 40s per 1001 b, com--1 '/pared' with 29s to 35s at the sale held on August 26, the best class of beet showing a greater advance than sec- \{\ ondary quality. The advance was due ' :to the free operations of exporters.

.V Quotations are: — ' Steers, £8 7s 6d to £lO Ss. : Extra good steers to £2O 12s 6d. Heifers, £6 5s to £8 ss. _ ' Extra good heifers to £l2 17s 6d. Cows, £5 15s to £8 10s ' Extra good cows to £l2 2s 6d. Price of beef per 1001 b, 32s to 40s. Tlie principal sales were: For •Hillyer Bros: (Eiffelton), 14 at £l4 5s to £lB os; T. M«fm (Lincoln). 4 heifers at £6 10s to £8 12s 6d; Sheat Bros.' (Horrelville), 4 steers at £lO 2s 6d to £ll 15s; C. W. Black'more (Horrelville), 1 steer at £ll os, 1 cow at £8 15s: client, 16 steers at £lO to £l3 2s 6d; J. Wells and Son (View Hill), 8 steers at £8 17s 6d to '£ll 7s Gd: R. Henderson (East Oxford), 4 steers at £l2 10s to £ls 10s-I.heifer 'at £9 15s, 2 cows at £ll and £ll 10s; D J. Hawke (Hawkins). 1 cow at £ll os; W. J. Baxter (Waddington), 7 steers at £5 os to £8 5s 1 heifer at £6 10s; C. Rudd (Greendule), 2 heifers at £6 10s and £7 2s Gd; MrsJ. Doody (Whitecliffs), 5 steers at £ll 10s to £l2 ss; J. Donald (Darfield), 1 cow at £ll 15s; F. G. Sowden (Aylesbury), 1 heifer •at f £l2, 1 cow at £11; Hawkswopd 7 i Estate, 8 steers at £ll 10s to £l7 los, 1 3 cows at £9 5s to £ll 5s 4 heifers '.at £9 to £9 15s; F. and J. Northcote a-liehfield), 6 steers at £l7 15s to £2O 12s"6d; J. Sloss (Omihi); 1 cow at £9 17s 6d; W. Wilkie (Omihi), 1 cow at £9; A. Beaman (Greenpark), 3 steers ' at £lO 10s to £ll 10s 1 cow at £l2 12s 6d, 6 heifers at £6 Yh Gdl te £9 15s; client, 9 steers at £lO to £l2 12s 6d, 3 heifers at £6 17s 6d;W.' Duffy ; (Bpreydon), 1 heifer at £6 ss; A. K. - Jnrman (Lincoln), 2 cows at £5 to ±,o, William Nicholls (Belfast), 5 cows at ',£s os to £8 ss; J. 8 steers at £lO 2s 6d to £l2 10s; H. Pannett (Springston), 3 heifers at £7 17s 6d to £ll ss, 1 £9 ss; F. Parnham (Kaiapoi), 6 steers at £loi Zs 6d to £l4 15s, 1 cow at £8 2s 6d, South Canterbury client; 3 steers at £l2, 2 heifers at £9 7s 6d, 2 cows at £lO and £1312s 6d; T. Stevenson (Spotswood), 4 steers at £lO 7s 6d to £l7 17s 6d, 2 heifers at £8 15s; clients, 4 steers at £lO 10s to £l2 25.6 d, 1 heifer ' at £7 2s 6d, 2 cows at £8 10s and £8 12s 6d, 1 steer at £lO 7s 6d; W. Thornton (Harewood), 2 cows at £6 \lss and £8 15s; J. Wright (Coutts's . Island), 2 steers at, £Bl7s 6d and £10; • W. Hampton'(Leeston), 7 steers at £ll 10s to £l2 ss. " , VEALERS. Fat calves were penned in about the customary numbers, the entry being a medium one. The demand was unchanged, prices ranging from 8s to 1 £2 10s. : \J 'STORE CATTLE. The yarding of store cattle was not ■'" a large one, and consisted largely of old cows. The only really useful lines were some two and a half and three- ' year heifers. Prices were unchanged. Quotations are:— • Fifteen to eighteen-year sorts £2 to £3 3s 6d. Two'-and-a-balf-year heifers £4. Three to four-year steers £6 los to • £8 10s. Three-year heifers £5 Is. , Cows £1 7s 6d to £4 ss. DAHIY COWS. The entry of dairy cows was a mixed >ne and there were few extra good tnimals. The sale was brighter than for some weeks, competition being free, ' prices ranging from £2 los to £l4. FAT SHEEP. The yarding of fat sheep was only lligbtly larger than the previous week, eight and a halfi races being filled. The amount of private purchases on the .Farms, in consequence of the re-open-ing of some of the freezing .works, no -, doubt curtailed the entry. The yarding was of fair average quality. The sale was late in starting, but even before it opened it was confidently predicted that prices would show an advance. This expectation was not belied in any way, as the sale opened rtrongly, all prims sheep realising 2s 6d to 3s per head in advance of the prices ruling a week earlier. Light and medium sheep showed a rise equal to 6d to 9d. Exporters were willing to operate, but found the prices largely beyond their limits, and with the exception of a few lines towards the close their purchases- were not large. A West Coast buyer was present, and operated to a slight extent. v The range of prices was:— ',' Extra prime .wethers to 565. : Prime wethers 22s to 283. Other wethers 17s Id to 21s (3d. Merino wethers 16s to 24s 3d. Extra prime ewes to 28s. Prime ewes 19s 6d to 25s 4d. Other ewes 13s 4d to 19s. Merino ewes 14s to 15s 9d. Hoggets 16s 9d to 20s 3d. Extra prime hoggets to 295. The principal sales were:—Wethers—For W. F. Clinton (Darfield), 55 at 26s Id to 565; W. Cun- . ningham (Rangiora), 11 at 27s 3d to 40s, 23 hoggets at 25s to 295; D. Chapman (West Eyretou), 13 at 32s 6d to 365; A. M'Kenzie (Hinds), 43 at 26s 3d to 29s 3d; A. Drummond (Lauriston), 31 at 28s lOd; Geo. Rutherford (Springbank), 44 at 25s 9d to 28s 2d; L. A. Oakley (Mayfield), 103 at 25s to 27s Id; ' F. W. Ruddenklau (Staveley), 102 at 23a 6d to 27s Id; South Canterbury client, 82 at 23s 6d to ? 275: W. H. Turner (Waikari), 20 at 21s 7d to 26s lid, 41 hoggets at 16s 9d to 20s 3d; J. Little (Montserrat), 65 iat 23s 6d to 26s 7d; Mrs M. F. MacIfarlane (Waikari), 58 at 24s Id to 26s 3d: Mrs E. Green (Darfield), 64 at 24s j »*,'. —.

3d to 265; H. Kennedy (M o %#o£ at 23s 2a to 25s lid; clients, oof 9d to 25s 7d, 55 at 17s Id to ™™%\ G. Farquhar (Birr Hill), 65 &s**? to 25s 2d; D. M'Millan (Wadding , 64 at 24s 3d to 25s 2d; A. &'.„# d ,rw (Lauriston), 63 at 23s 9d to 2fo» "V Bros. (Methven), 120 at 22s Id to J4s 9d; James M'Farlano (Metbvonj. M at 21s to 24s lOd; A. M'G ffonl (Cheviot), 00 at 23 3 3d to 24s i.fldj JM'Girr (Methven), 31 at 235 2d to 2U sd: J. Marr (Methven), 36 merinoes at 21s to 24s 3d; P. Morrison field), 66 at 22s Od to 24s 3d; D- JMorrow (Montalto). 31 at 22s 2d to 24s 2d, 68 merinoes at 16s to 19s; J. LocHhead (Rakaia), 60 at 21s Sd to 245; T. James (Leithfiold), 63 at 22s 6d to 23s 4d; H. C. Townond (Waddington), 65 at 21s 8d to 23s 4d; C. and J. Ryan (Broadnelds), 36 at 22s od to 235; K. Shaw (Kirwoe), 42 at 21s to 22s <d: W. Higginson (Oxford). 63 at 19a■ 11a to 21s lid; D. Dwver (Hawarden). 68 at 19s to 21s lid; R. M. Bennett (Bennetts), 60 at 19s to 21s Od; G. Manson (Kimberley), 27 merinoes at 18s 9d to 21s 3d; North Canterbury client,, 90 at 20s lid to 21s; J. Halkett (Rakaia), 120 at 19s 2d to 20s lOd; H. Oliver (Hororata). 60 at 20s to 20s 7d; JSloss (Omihi), 14 at 20s 7d; J. ells and Sons (View Hill). 70 at 10s 2d to 19s lOd; J. and A. J. Wilson (Methven). 11 at 17s 9d, 51 merinoes at lbs to 18s lOd; G. Forgusson (Sefton), 24 hoggets at 15s 9d to 17s 9d. ■ Ewes: A. Drummond (Lauriston). 2i> at 20s "id to 28s; G. Rutherford (Springbank), 29 at 24s 7d to 26s 6d; J. Moir (Methven), 80 at 22s to 25s 4d: D. MuUiclland. (Darfield), 120 at 20s lid to 24s 6d; D. J. Morrow (Montalto), 122 at 20s Id to 23s sd, 31 merinoes at 14s to 15s 9d; C M. Jackson (R.-kaia), 64 at 18s lid to 23s Id; A. M'Kenzie (Hinds). 17 at lfy 10d; A. V. Richards (Methven). 61 at 14s 9d to 18s sd; J. M'Cormick (Burnham), 37 at 19s; R. Shaw (Kirwee), 23 at los; J. M'Pherson (Cheviot), 66 at 13s 4d to 14s 9d. r STORE SHEEP. ".

The slump in store sheep which took place with the outbreak of the European war has apparently passed, and now each succeeding week shows increased firmness in the market. Further evidence on this point was afforded by yesterday's sale, when prices were markedly better. The yarding was again of very limited dimensions, including one pen of good sound-mouth ewes, a few pens of aged ewes (of a very medium class), several lots of hoggets and a couple of pens of wethers. The improvement in values noticeable a week ago in young sheep, more' particularly in hoggets, showed a still further appreciation, prices advancing 'to the "extent of -6d to 9d per head for fair to good hoggets, but small and inferior lots were unchanged. The few good ewes on offer also 6o'd better, but anything inferior, aged or in low condition, were neglected. Wethers also were unchanged.

'.Quotations: — Good sound-mouth half-bred ewes, 21s 4d. Four, six and eight-tooth ewes (inferior arid in low condition), 10s 9d (passed). * Aged ewes, 8s 6d to 9s 6d. Merino ewes, aged, 6s. Good hoggets, 14s to 15s. Medium hoggets, 12s 6d to 13s. Small and inferior ewes, 8s 3d to 9s 6d. Cull ewes, 6s Id. Forward four-tooth wethers, 19s. Two, four and six-tooth wethers/ 18s. , Two-tooth wethers (small), 14s Bd. The sales included : Ewes: 34 (aged) at 8s 6d, 186 soundmouth half-breds (in lamb) at 21s 4d. Wethers: 35 at 14s 8d„ 233 fourtooth half-bred at 19s, 228 four and six-tooth at 18s. Hoggets: 214 (wether culls) at 6s Id, 33 at 12s 9d, 12 at 8s 3d. 224 at 14s. 39 at 15s, 13 at 9s 6d, 80 (forward) at 14s 9d. PIGS. „ Fat pigs camo forward in medium numbers and competition for all classes was again keen, values being on a par with those ruling a week earlier. Quotations are:— Choppers, 60s to 1555. Heavy baconers, 70s to 765. Other baconers, 58s to 655. ' Price per lb, sfd. Heavy porkers, 45s to 575. r Other porkers, 40s to 445. . Price per lb, 6sdThe. yarding of store pigs was a large one. altogether too many for requirements, and the natural result was that prices showed a distinct easing tendency compared with those ruling a week earlier. Quotations are:— Large stores, 38s to 425. Medium stores, 25s to 375. Small stores, 18s to 245. , Weaners, 12s 6d to 17s.

MARKET REPORTS. . BURNSIDE. [Per Press Association.] DUNEDIN, September 2. Fat Sheep.—There was a small yarding, and the sale opened exceptionally well, prices showing an advance of in some cases 4s to' 5s per head on ' last week's rates. Competition then eased, and at the close prices were only Is 6d to 2s per head better than i;hose of last week. Best wethers 27s to 335, extra to 38s 9d, medium 23s to 255, light 19s week. Best wethors 27s to 31s, extra to 295, others 18s to 20s, fat lambs, best to 20s 6d, medium 16s to 18s 6d. Fat Cattle.—A small yarding, and prices ruled higher. There was good competition throughout the sale, and prices showed an advance of from 15s to 21s per head. Best bullocks fetched £l3 10s to £ls, extra to £l7 17s 6d, medium £ll 10s to £l3. others £9 10s to £ll, best cows and heifers to £ll, medium £7 10s to £9 10s, others £6 to £7. calves up to 375. Pigs.—There was a bigger supply of fats than there was last week ; and consequently a slight dror> in price. Suckers 14s 6d to IGs 6d, slips 17s 6d to 21s 6d. stores to 30s, porkers 40s to 47s 6d, light baconers to 555, heavy baconers to 68s. . JOHNSONVILLE. [Peh Press Association.] WELLINGTON, September 2. S At the Johnsonvillc fat stock sale fair yardings came forward. Bullocks sold at late rates, but sheep wero easier, owing to butchers only being able to dispose of skins at prices 50 per cent below normal. Prime bullocks made £l2 10s to £l2 17s 6d, lighter £l2 2s 6:1, prime heavy wethers 28s, prime, wetbers 24s 9d to 255, plain light wethers 20s 6d to 21s, medium owes 20s od. EXCHANGES. WELLINGTON. [Per Press Association.] WELLINGTON, September 2. The Stock Exchange recorded no transactions to-day in 1 mining stock. Quotations were:—Blackwater, sellers 16s; Consolidated Goldridds, sellers 14s 6d; Kuranui, sellers 6d; Ross Reconstructed, buyers lOd. sellers Is 3d; Swastika, sellers 4s; Tnlisman Consolidated, sellers 27s 6d; Waihi, buyers 29s 3d, sellers 29s 9d (ox dividend); Grand Junction, sellers 27.5. .■ , , Other Stocks—National Bank, buyers | 91s 6d, sellers 955; Bank of Zealand, buyers £9 7s 6d; Auckland Gas,

buyers 255; Wellington Gas; buyers £ls os; Westport-Stockton Coal, buyers 2s iq' -fharland and Co. (pre!.), buyers 18s; Ward and Co., sellers Is.

DUNEDIN. [Per Prkss Association.] DUNEDIN. September 2. On the share market to-day, Waihis were, available at 29s 9d. buyers quoting 29s 3d. Talisman were inquired for at 275, but sellers asked 27s 6d. Waihi Grand Junctions found sale at 19s 6d and 20s.