COMMERCIAL.

New Zealand Herald, Volume XLV, Issue 13767, 4 June 1908, Page 3

COMMERCIAL.

The Stock Exchange was closed vesferday on account of the holiday.

PRICE OF EGGS. The Co-operative Egg and Poultry Co., Ltd., will pay. 1? I'M per dozen for lien eggs, and Is 8d for duck eggs this week.

BURNSIDE STOCK SALE. [BY •t&UHQIUTB —PRESS ASSOCIATION.]

DUNEDIN, Wednesday. . At the Burnside stock market to-day 152 fat cattle were yarded. They were of good quality in the majority of cases, and improved prices were recorded. Well-llnislied cattle were much firmer, and inferior sold well at last week's rates. Best bullocks reaUsed £0 10s to £10 10s (extra, £11 15s); medium, £8 15s; inferior. £6 10s to £7 10s. Best cows and heifers, £7 to £8 bs; medium, .£5 10s to £6 10s; inferior, £4 10s to £5.

Fat Sheep: 3327 were yarded, and prices, owing to tho large yarding-, were easier, especially for ewes. The quality in the majority of. cases was medium, there being only a few pens of fine wethers. Be3t wethers realised 193 to 21s (extra to 24s 3d); medium,' 17s to 18s; inferior, 14s to 15s 6d. Best ewes brought 13s 6d to 15s; medium, lis to 12a; inferior, 7s to 8s 3d.

Fat Lambs: 1200 were yarded, prices being easier. Best lambs realised 14s to 15s ( extra to 17s): medium, 12a 6d to 13s 6cl; inferior, lis to 12s.

Figs: 85 were yarded. Suckers and Blips were dull, and porkers and baconers firmer. Suckers realised 7s to 9s; slips, lis to 14s; stores. 16s to 19s: porkers, 35s to 48s; baconers, 52s to 645.

ADDINGTON STOCK MARKET.

[BY TELEGRAM!. PRESS ASSOCIATION'.]

Christchurch, Wednesday.

There was a good yarding of stock '.-it Addington yards to-day and a fair attenance of buyers. The. fat cattle pens contained somevery, good sorts, but beef was slightly easier. Fat lambs were yarded in fair numbers, and there was generally little change lrom the quotations given last week. A line of four of unusually good quality topped the market at 20s 3d to 2ls 6d, while another line of 201 from the Oust brougnt 18s Id. Store sheep were dull of sale and prices showed a downward tendency. The entry of fat sheep was fairly large, but ewes showed a further decline.

There was a good entry of store sheep, and with the exception of forward wethers prices were slightly easier. Very forward wethers made from 15s to -16s Id, and an extra line of 207 sold at 163 4d. Medium realised los 6d to 14s 6d. and inferior and low-conditioned, 10s 6d to 12s. Ewes made from 8s to 12s 6d. Forward lambs were slightly easier, as it is rather late to put them on turnips. Best sorts made 9s 3d to 10s lOd; others, 8a 9d; while backward stores made 7s to Bs. The yarding of fat lambs was about equal to last week, and prices were practically unaltered except, for lambs of extra, special quality. Tegs made 16s to 18s Id (extra, 20s 3d to 21a 6d); freezers, 14s to 16s 6d; and lighter. 123 to 13s 6d. The yarding of fat sheep was a fairly large one, but the bulk were aged and unfinished ewes, consequently the market showed a decline, especially for ewes. Prime wethers made from 17s 3d to 19s 8d (extra, 203 6<J to 21s 6d): lighter, 13s 6d to 17s; prime ewes. 15s to 16s lid (extra, to 18s); medium. 12s 5d to 14s sd; lighter. 7s to lis. Tho entry of fat cattle consisted of 225 head of fairly good quality. Though the yarding was smaller than those of the past few weeks it was still about normal, and the price of beef showed a tendency to decline. Steers made'£l3 5s for best, '.£lO for medium, and £6 for ordinary. Heifers sold at £4 15s to £8 2s 6d. and cows at £4 to £8 and £8 7s 6d for best quality. Calves, of which there was a fair entry, made from 4s 6d to £2 10s. . There was only a fair yarding of store and dairy cattle and the sale was very dull. Heifers made from £2 12s up to £4 12s 6d, and cows £4 to £6 10s (extra, to £3 ss). Pigs were not.entered in large numbers, and the demand was easier. Porkers made from £1 17s to £2 5s (equal to from sid to 6d per lb); baconers, made £2 5s to £2 15s, and heavy no to £3 5s (equal to s£d and 53d ner lb). Suckers and weaners brought from 8s to 123.

DUNEDIN GRAIN MARKET. [BY TELEGRAPH.— ASSOCI/rIOK-.J DUNEMX, Wednesday. Owing to the lull in shipping inquiry the market, for oats is barely as bright as last week, but sales were effected on almost the same basis as last quotations. A and B grade Gartons met .with preference by buyers, prime milling realising 2s sid to 2s 6(1; good to best feed, 2s 4*d to 2s 5Jd; inferior to medium, 2s 2d t0.25.4d. . Owing to heavy importations tho Australian flour market is depressed and few local millers are operating even at a considerable reduction on late rates. Prime milling realised 4s 7d to 4s 9d; medium to good, 4s 5d to 4s 6d; best whole fowl wheat, 43 5d to 4s 6d; broken and damaged, os 6d to 4s 3d.

THE WOOL MARKET. A writer of City Notes in the London Evening Standard observes:—" The position of the wool'market has now (April 24) reached a very interesting stage. During the past six months, largely owing to the financial crisis in the United States, the price has dropped about 40 per cent., and in some quarters it is feared that a further fall of 5 per cant. will take place before any recovery will be seen, while other authorities think that bottom has already be'en reached. The recent heavy- fall has caused a good deal or trouble, and those who entered into contracts some time back are now having wool delivered to them which can be obtained at 6d or more per lb below the contract price. Business is very much of the hand-to-mouth character, but a rather more hopeful feeling about the future prevails. The Continent is at present holding off, and anticipations are rather directed to a revival of the American demand now that the financial position in the States seems to have undergone some improvement. Stocks are said to be not large, and Australia may be inclined to hold its wool rather than sell at present low prices."

CONSUMPTION OF COPPER. There is general increase in the consumption of copper in Europe, the amount taken by England during the past quarter showing an increase of 4700 tons, equal to 40 per cent., and that by France 2100 tons or If per cent,, while in two months Germany absorbed an additional 12,300 tons, equal to 77 per cent. At the same time more demand is reported on the part of electrical industries in the United States, where, after the stagnation of the past six month?,' much work remains to be clone.

AUSTRALIAN MARKETS. By Telegraph.— Association.— Sydney, June 3. Wheat, 4a 7d. Flour. £10. Oats, Algerian, os 8d to 3s 9d; white, 3a 6d to '3s Bd. Barley, Cape, 4s 9d. Maize, 4s 6d. Bran and pollard, la sd. Potatoes. Tasmanian, £3 to £4. Onions, Victorian, £8. Butter. 106s to 108s". Cheese, 6Jd to B}rt. Bacon, 'Bd. The above quotations are those ruling between merchant and retailer, and do not represent slightly lower values obtained by recognised brokers.

Melbourne, June 3

Wheat, 4s 6d. Flour, .£lO. Oats, 3s 3d. Barley, good, ss. Maize, 4s sd. Bran and pollard. Is sd. Onions, £6 ss. Potatoes, £4. Adelaide, June 3. Wheat.. 4s. Bran and pollard. is 6d.

LONDON. By Telegraph—Press Association.— London, June 2. TALLOW. The tallow stock consists of 14,302 casks; imports, 9519 casks; deliveries 7396 casks. ~ METALS. Copper, spot, £57 15s; three months. £58 7s 6(1; electrolytic, £59; supplies, 37,129 tons; deliveries, 32,614 tons; stock, 31,158 tons; afloat, 4900 tons. Tin: On spot, £128; three mouths, £127; stocks, 15,993 tons; spot, 4374 tons; afloat, 5332 tons; deliveries. 2380 tons. BANK SHAKES. Australasia, buyers 103, sellers 105: New South Wales, buyers £40, sellers £41; Union, buyers £59, sellers £60. Best unchanged.