THE MARKETS

Manawatu Times, Volume LXXVIII, Issue 12864, 13 August 1914, Page 7

THE MARKETS

Press Association. —By Telegraph. WELLINGTON, August 11. The High Commissioner's market report, dated London, August Bth, the quotations, unless otherwise specified, being the average market prices on spot, is as follows: Meat Generally.—At the beginning of this week the wheat market was greatly affected by the declaration of war. Attempts were made to obtain very high prices, as high as B%d per lb being demanded by holders of chilled hinds with the result that all descriptions advanced in sympathy. The excitement on the market subsided, and was not justified, as a large supply is at present in store. The demand has considerably fallen off on account of the high prices. Mutton. —Canterbury mutton sd, North Is/and 4 7-Bd, ewes 4%d. Lamb.—Canterbury twos 7d, heavy-weight fours 6 3-Bd,. other than Canterbury 6 5-Bd. Beef quotations for New Zealand. — Nominally holders are keeping back owing to the expectation of purchaseß for the Government. New Zealand hinds 7d, fores 5%d, chilled-hinds 6d, fores 4%d. The butter market is firm at an advance. Conditions are now more normal. Danish, 140s to 150s per cwt; New Zealand, 140 to 1455; Australian, 130s to to 140s; Siberian, 130s to 140s; Irish creamery, 135s to 1445. Cheese. —On account of war conditions the cheese market has been irregular. but closed firm. Canadian and New Zealand white and coloured, 78s to 80s per cwt. It is estimated Candadian cheese stocks on August 4th in London, Liverpool and Bristol totalled 163,000 boxes against 209,000 boxes at the same time last year. New Zealand cheese stock on August 4th was 10,500 crates, against 11,000 at the same time last year. Hemp.—The market remains very depressed, and no transactions are reported. We cannot give quotations during the present condition of the market. The output from Manila for the week was 26,000 bales. Wool. —Business is practically suspended and quotations are nominally unchanged. Grain.—Markets are more settled. Australian wheat, 45s c.i.f.; flour, 35s ex store; New Zealand oats, 30s c.i.f.; New Zealand beans f.a.q. (new crop) per 5041b, 375; New Zealand peas (Partridge) per 5041b, 545. There is more inclination to do business at these prices for immediate delivery. No business has been done with forward shipments. JOHNSONVILLE SALE. (Special to Times.) JOHNSONVILLE, August 12. Abraham and Williams, Ltd., report on their Johnsonville sale: —A good entry of prime cattle and sheep came forward and sold well in accord with the drop of two or three shillings in skins. Prime heavy bullocks £l2 15s i to £l3 ss, prime bullocks £ll 15s to £l2 ss, prime cows £7 2s 6d, vealera 30s to 575, prime wethers 24s to 25s Id, prime ewes 21s to 21s 6d to 22b lOd, lighter 20s sd, prime lambs 14a lOd to 16s 6d.