ADDINGTON STOCK MARKET.

New Zealand Herald, Volume XLV, Issue 13702, 19 March 1908, Page 3

ADDINGTON STOCK MARKET.

[BY TELEGRAPH. —PRESS association.] CUIUSTCinmCH, Wednesday. There were again large entries of store sheep and lambs, and moderate yardinga of other classes of-stock, at Addington Yards to-day. There was a large attendance, especially of store sheep buyers. a rise in fat cattle was noticeable at tno opening of the sale, and prices closed at, last week's level. Store sheep sold at, about last week's prices. Prime fat lambs were rather firmer, and there, was an advance in prime fat wethers and ewes. Pigs, also, sold well. A large yarding of store sheep was made, ewes forming the larger proportion, ana there were many lines, of store lambs, including drafts from the peninsula. lucre was a fairly strong demand, though it was not so keen as immediately after the late rain. Prices were about up to last weeks level, and a good clearance was effected. There were a number of buyers from the South, and they relieved the market ol a large proportion of the yarding. The entry of fat lambs was not quite so large as last week. There were some prime lines of tegs and ordinary freezing weights, hut, as usual, there was a considerable proportion of light ami unfinished lambs on oiler, For all prime lots there was good competition, and prices were firmer, but- other sorts sold at late rates. Tees made 16s to 19a Gt ; ordinary freezing weights, 12s b'X to 15s 6d; and light ami unfinished sorts, 10s 6d to 12s. The yarding of fat sheep was a moderate one. and included several lines of coarse, heavy sheen from the South. Tha scarcity of prime butchers' sheep caused a sharp advance in tin; best classes of ewes and wethers, and other descriptions also sob! better. Prime wethers made 20s to 25s 9d; lighter. 14s 9cl to 13s 9cl; prime ewes, 17s 6d to 21s (extra, 22s to 265); medium, lbs to 17s; aged and light, 12s to 12s 6(1. There were 220 head of fat cattle penned, of which only a small proportion were prime. The short supply resulted in an advance of 4s to 5s per 1001b at the opening of the sale, and then values dropped till, at the close of the market, they were down to last week's level. The range of prices was:— Steers, £6 to .£lO 10s; heifers, £4 5s to £8; and cows. £4 12s 6d to £') 12s bd. The average values were: Prime steer, beef. 20s to 24s 6d, to 19s 6(1 per lOulh; cow beef, 14s 6d to 17s per 1001b. Veal calves sold from 5s to 48s, according to size and condition. ' There was a' moderate entry of pigs in point of numbers, and the quality was generally good. Heavy baconers made 60s to 675; and light, 45s to 55s (equal to s<i petlb'. An exceptionally prime line of seven baconers from R. it. Rhodes (Otahtina) sold up to 80s. Porkers realised 36s to 47s (equal to sid to 5Jd per lb); large stores, 2os to 30s; medium. 18s to 235; and weaners, 10s to 12s. A good demand for springers existed, and the best sorts of cows in profit brought £5 to £3 9s; other sorts, at usual rates. '['here was a poor sale tor store cattle, the principal sales being a line of yearlings at 30s; three-year steers, at -£3 10s; three-year heifers, at £2 ss; and dry cows, at 20s to £3, DUNKDJN GHAUT MARKET. (BY TKLKGIiAPJI.—PKKSB ASSOCIATION '- DUNEDIN, Wednesday. .The demand for oats tor shipment continues good, and all lines on offer are readily taken by merchants at. prices fully equal to those lately ruling. The demand for duns ami other seed samples is good, and they are worth up to 2s 6d per bushel. Prime milling realise up to 2s 4(1; good to best, feed, 2s 2Jd to 2s 3Jd; inferior to medium, 2s to 2s 2d. Wheat: The decline in prices on the Home market has been reflected here, and buyers are holding oft', millers buying very cautiously, and only at lower prices than those ruling at, the beginning of last. week. Prime samples of velvet have most attention. Prime milling realise »1« 6'd to 4s 7jd; medium to good, 4s 5d to 4s 6d; whole fowl wheat. 4s 6d to 4s 6d; medium, 4s 3d' to 4s 4d; broken and damaged. 3s 9(1 to 'Is. BURN.SIDE STOCK SALE[XIV TELEGRAPH.PRESS .ASSOCIATION.! ' DUNEDIN, Wednesday. Some 1772 sheep were penned at the Burn* side stock sale to-day, and • on account of the small yarding prices for best sorts allowed an advance of Is 6d to 2s per head. Best wethers realised 20s to 23s 6d (extra to 24s 9d); medium, 18s to 19s 9d; inferior, 15s to 17s 6d. Best ewes, 16s to 17s (extra to 20s); medium, 12s to 15s; inferior, 9s. LambS: 806 were penneda. small entry of medium quality, with a few pens of prime. Values were much on a par with late rates. Best lambs, 143 6d to 17s; medium, 12s to 13s 6(1; light, 9s to 12s. Cattle: 224 were yarded—a large entry of fair quality. Best sorts were firm at late rates, whilst, medium lines showed a slight decline. Best bullocks realised from £10 to £11; medium. £8 10s to £9 10s. Best cows and heifers, £3 10s to .£7 10s. ; Pigs: 110 were yarded, mostly composed of porkers and store pigs, the prices for which were considerably easier. Baconers also suffered a decline, whilst small pigs were firm at late rates. Suckers realised 13s to 15s; slips. 16s to 18s: stores, 20s to 28s;porkers, 33s to 38s; light baconers, 43s to. 48s; heavy do., 54s to 60s. | NEW ZEALAND PRODUCE IN LONDON. [FROM OCR OWN "CORRESPONDENT.] LOSUOK, February 7. WOOL. Messrs. Brown and Eagle mention that the total receipts of wool for the coining series of colonial sales ore 134,326 bales, including 40,338 bales from New Zealand, Victoria contributing 42,292 bales. Arrivals to date from New Zealand since the beginning of the year have been 71,799 bales, Victoria occupying first place with 83,346 bales. Writing with reference to the progress of the present series • of wool sales—the first of the year—the correspondent of a London, paper observes : '• During the week the large quantity of shabby, hurry, faulty wools, both grease and scoured, has "continued to move at lower values, and tin; fall is generally id to Id per lb. The very best merinos in the grease are frequently id better, but still the bulk of the wools, both grease and scoured, have made only last series' closing rates. The event of the week is undoubtedly the weakness seen in medium and coarse crossbreds. Directly the first flush of buying was over, and users,had supplied their most urgent needs, limits were reduced to'-the extent of Ad, crossbreds of medium and' coarse qualities failing; to that extent. This really is an echo of the decided Blackness in 36's to 46's tops in Bradford, where business is practically at a standstill, and where the ' bear' party is again in evidence. There is a sharp contrast today between the prices ruling for coarse crossbreds at the corresponding series a year ago. Buyers were then paying 12u to 13d for good 40's fleece wools, whereas to-day the price is ojd to Od. This is bound to tell a tale, so far as growers are concerned. Evidently users are in no name of mind lor buying on a large scale, and ihe competition of both Germany and America is a much-missed factor. Everybody expected that America at least would do belter; but seemingly buyers from that quarter are in no fettle for purchasing liberally. Bradford has practically had to lift the whole of the New Zealand offerings, and as some low ' future' Bates have- l.ad to be covered, it is considered policy to let. things slide to a still lower basis. The New Zealand clip this season is very well grown from some quarters, the staple being light and bright and of good usable length, whereas other clips are both extra yolky and wastier in condition. Coleman-street has shown distinctly that both fashion and' demand is pre-eminently, running from line wool." The first series of sales has now been brought' to a close, and throughout its course, .members of the home trade have been the largest operators. It is remarked by one writer, who reviews the course of the recent Bales, that a 1 feature of these auctions has been the consistently good competition shown throughout for practically all classes of wool, and this contrasted sharply with the tone exhibited (hiring the December auctions when, with an equally good selection available, the quantity bought 'in amounted to some 20 per cent, of the quantity offered. On the present occasion, out of a larger quantity catalogued, the total amount withdrawn, excluding unofl'ered wools, is under 9 per cent. Another fact which appears established by these auctions is the strong position held by genuine " warp" wools this season, a natural consequence of the large proportion of short staple wool in the present Australian clip. The chief reason for Hie further decline in faulty short wools which has taken place since the opening of the sales is also to be found in the character of this year's clip, the nature of which increases considerably the proportion of noils, and justifies a. corresponding decline in the value of all " byproducts" of wool. The marked drop shown by medium and coarse crossbreds (forming, • of course, by far the greater portion of the New Zealand * clip), when values ruling at these sales are. compared with those current in January, 1907, is naturally, says one. authority, a matter of great concern' to growers, whose wool realises 25' to 35 per cent, less than it did twelve months ago. "On the other hand," he. continues, " it is rare , that, so great a decline has occurred in . the price of crossbred as in the present case without cans, ing considerable anxiety to the consumptive branch of the ■ industry. Unlike buyers of merinos in (hat disastrous year 1900, mid more fortunate than those who a few months ago were over-sanguine, the crossbred trade has no reason to feel apprehension on account of wools bought in distant, markets at values greatly above those current to-day. The Bradford section has no,ground for the kind of nervousness which was felt in the spring of 1905, since only a moderate quantity has, up to the present, been purchased in New Zealand markets, and this has been acquired on terms which give buyers no cause for uneasiness." DAIRY PRODUCE. Messrs. W. We.ddel and Co. write to me today that the market, this week for New Zealand and Australian butter lias been considerably excited, ami prices have advanced another 8s to 10s per cwt, which makes a total rise of 16a to 18s on the fortnight. Steamers arriving have included the Tongariro mid the Morayshire from New Zealand, and the India and Star of Ireland from Victoria. Next week there are some 40,000 boxes due from Australia, but none from New Zealand. The demand for colonial butter ii.is intensified, and from everywhere conies proof that stocks in both the retail and the wholesale hands are very small. The reported decision of the large 'multiple-shop concerns to raise the retail price of butter by 2d per lb will doubtless have the elfect of reducing the demand, and the present high values may give way a few shillings in March, but unless supplies can be increased considerably values will remain around 130s for choicest butter until the beginning of April. The Copenhagen official quotation has been raised only b kroner, which, under the present condition of things, look« quite inadequate, as New Zealand and Australian has been Belling during the last few days at 5h to 7s per cwt above Danish, and the.™ .appears every prospect of this position remain-

mg lor next week. It; is twenty-four years, namely, in 1884, since the official quotation was as high in February as it is to-day, and the import of Australian butter in. that year was 86 tons arid New Zealand 141 tons. Quotations are: " Choicest" Australian, 134s to 1365; "choicest" New Zealand, 134s to 136 a; "finest" description* of both kinds are also quoted at Similar prices, viz., 130s to 1325. There is little, to record of interest, in the market for Ne-.v Zealand and Canadian cheese, which, according to Messrs. Weddel's report, remains quiet, but firm. DUNEDIN STOCK EXCHANGE. [BY TELEGRAPH.— PHE9S ASSOCIATION.] DUNEDIN, Wednesday. The following Stock Exchange sole has been reported I'actoias, 24s 9d. LONDON WOOL SALES. Messrs. Dalgety and Co., Limited, have received the following cablegram from London:— The wool sales have opened, there being a large attendance of buyers. There is an indifferent selection and competition is dull. In merinos prices have declined 5 per cent., being 10 per cent, below the closing rates of last side, Scoured merino, burry.uncl seed}-, is neglected. Hardly any line crossbred lias "been offered up to the present. For medium and coarse crossbred prices have declined 15 per cent. AUSTRALIAN PRODUCE MARKETS. . By Telegraph.—Press Association. —Copyright. Svdxky, March 18. Wheat, chick, 4s 4d : milling;, 4s 5d to 4s 6d. Flour, £10. Oats. 3s 2d. Bailey, Cape, 4s 2d to 4s 3d. Maize, 4s 9d, Bran, £6 2s 6tl. Pollard, £7 2s 6d. Potatoes. Circulars, £5 15s. Onions, £6 10s. Butter, 94s to 975. Bacon, 3d. Cheese, 6d to 7d. Mklhouunk, March .18. Wheat, 4s 3id to 4s 4d. Oats, Algerian, 3s to 3s Id. For barley', Cape. 4s is wanted. Maize. 4s. Bran, Is 4d. ' Pollard, Is 4jd. Potatoes, to £4. Onions, prime, £i. ADUnAIDB, March 18. Wheat, 3s 10J. Flour, £9. Oats, Algerian, 3s Bran, la 2Ad. "Pollard, Is 3id. LONDON. By Telegraph.— Press Association.—Copyright. London, March 17. METALS. Copper: On spot. £59. Tin: On spot, £138 10s; at three months, £136 10s. .Stiver, 2s l]d per ounce. SHARES. Shares are. unchanged. (Received March 18, 11.43 p.m.) London, March 18. WOOL SALES. A Joint catalogue of 7487 bales was submitted to-day, nearly half being New Zealand. For crossbreds there was poor competition owing to the miserable selection, a lot being faultiea. Compared with January salee' closing rates merinos declined 'l\ per cent, and crossbreds 15 per cent. ; .