COMMERCIAL NEWS.

New Zealand Mail, Issue 1775, 14 March 1906, Page 51

COMMERCIAL NEWS.

THE GRAIN MARKET. CHRISTCHURCH, March 9. There has been a fair quantity or wheat on offer, but only a small amount of business has been done at slightly increased prices. Among tlio sales reported were 4000 bushels Tuscan- 4000 bushels Hunter’s, equal to 3s 2d f.o.b. ; 1000 Hunter’s, at 3s 1-ld; a similar line at equal to 3s Id f.o.b. There was a good quantity of oats submitted, but tho demand Wa,s not very keen, and prices were lower than last week; 700 bushels Canadians, 2800 bushels Garton’s. and 1500 bushels Rosebery’s were quitted at equal to Is 9d f.o.b. : also duns and Garton’s at Is 7d, Danish Is 5d to Is fid. nr Him- Canadians Is Bd. country stations. SOUTHERN STOCK SALES. CHRISTCHURCH, March 7. At Addington live stock market today there Were fairly large entries, especially of store and fat sheep, and a good attendance* Reef made about the previous week’s rates. There was a sharp rise in fat lambs. Store. sheep sold well, ewes and lambs being in best demand. Fat sheep were much easier, particularly ewes. Fat pigs, owing to a small entry, so’d at improved rates. There was practically no demand for store cattle, and dairy cows were also dull of sale. Store sheep.—There was a very large yarding cf store sheep, lambs forming the bulk, and there were also a good many lines of old ewes. There was fair demand for owes, while R.inbs were rather firmer than last week, and wethers were not so brisk cf sale. There were a few Chatham Island sheep-and a North Island lino of wethers amongst those cite red. Fat lambi —Tho entry of fat lambs totalled 2907, the quality showing an improvement upon late yarding. The presence of a Victorian buyer enlivened tho biddings, and there was a decided advance in prices. There were 2430 taken for freezing at 14s Gd to 15s 6d : tegs to 16s sd. 253 bought by butchers at 12s 3d to 16s 7d, 173 by a grazier at 9s 2d to 12s Bd. 57 passed in. A Victorian buyer purchased 441 at 14s 8d to 15s 10d. Fat sheep.—Tho yarding of fat sheep was a fairly large one, ewes forming the largest portion. Tho market opened at lower rates for all classes, and wethers sold throughout at eh out Is below late prices. A number of young ewes of medium weight were bought for freezing, which saved the market from a total collapse. As it wrs- sales were difficult to make towards the close, and a number of lots were turned out unsold. The range of prices was:— Prime wethers 18s 6d to 21s, others los 6(1 to 18s; prime heavy ewes 16s to 18s 3d, medium 13s to 15s 6d, aged 9s to 12s. Fat cattle. —The supply of beef totalled 224 head, a fair proportion being good quality steers. The market opened rather dull, but afterwards improved somewhat, values being equal to about 20s to 22s for prime, and 16s to 19s for cow and inferior beef per 1001 b. Store and dairy cattle.—There were only a few mixed lots of store cattle entered, and there was a poor demand, very littlo business being done at suction. Tho entry of dairy cows was a fairly largo one, but they were mostly moderate sorts, and were difficult to dispose of, the top p'-ica being £7 15s. DUNEDIN, March 7.

At Burnsido market to-day 162 fat cattle Avere yarded, a fair proportion good to prime. Prices Avero about the same as last week. Best bullocks up to £lO 10s, good £8 15s to £9 10s. Fat sheep—lllß penned. Despite the small yarding, prioes for good heavy wethers were scarcely as good as last week, but lighter sold somewhat better. Good ewes were a shade easier, while old and medium conditioned sorts were considerably lower. Best wethers brought up to 21s, best ewes to 18g 9d. Fat lambs—slo penned.—As freezers were bidding briskly for best quality, butchers had to pay about Is per head more than last Aveek. Best realised .ip to 15s 9d. Pigs—233 yarded. Prices were about the same as last week, except for big sorts, AA'hich realised slightly more. AUSTRALIAN MARKET. SYDNEY, March 7. Wheat, chick, 3s to 3s Id; milling, 3s Id to 3s 2d. Flour, £7 10s. Oats, Tasmanians, 2s 8d to 2s 9d ; Algerian, 2s 4d to 2s 6d. Barley, Gape, 3s 6d. Maize, 4s 3d to 4s‘ 6d. Peas, 4s 9d to ss. Bran and pollard, lOd. Onions, £5 to £6. Butter, choice, 101 d. Bacon, 7£d to 9d. The above quotations are those ruling between merchant and retailer, and do not represent .slightly lower values obtained by recognised brokers. „ MELBOURNE, March 7. Wheat, 3s 2d. Flour, £7 to £7 ss. Oats, 2s Ud; seeding, 2s 4d to 2s sd. Barley, prime malting, 4s lid. Maize, 3s 9d. Bran, lOfd. Pollard, lid. Potatoes, £6 to £7. Onions, £4 6e to £5. ADELAIDE, March 7. Wheat, 3s Id to 3s lsd. Flour, £7 to £7 10s. Oats, Algerian, 2s Id; white, 2s 7d to 2s lOd. Bran and. pollard, 10?. <l*

JOHNSO'NVTLLE STOCK SALE. JOHNSONVILLE, March 6. Abraham and Williams, Ltd., report on their Johnsonville sale as follows: A small entry of prime bullocks made 20s, best bullocks £8 ss, others £7 10s to £8 2s 6d and £7 5s to £7 7s Gd. A fair entry of sheep of prime quality sold at last week's rates. Best wethers from 16s lOd to 17s Id, prime ewes 14s lOd, others 13s 6d. A good entry of prime woolly lambs sold freely. Best lambs 13s 10d, others 13s 2d to 13s 9d and 12s 9d to 12s lid.

STOCK SALES. Abraham and Williams, Ltd., report: —At Palmerston on Thursday we had a full yarding of sheep, over 12,000 coming forward. Bidding for sound young sheep was brisk, but aged ewes wore not so keenly competed for, and dropped back in price. We made a good clearance, very few lots being turned out unsold. Cattle came forward in good numbers, but met a very dragging s.?le, some lots being almost unsaleable. Quotations: —2-tooth Romney ewes 18s lid, 2,4, and 6-tooth ewes 16s 6d, 6-tooth and f.f.m. ewes 14s lid to 15s, sound mouth ewes 12s 9d to 14s 9d, f.m. ewes 9s to 9s Cd, woolly lambs 10s 6cl to 12s 2d, shorn lambs 9s to 1C.:; 4d, fat ewes 12s 7d to 15s Id, Romney rams 1-lgns to Signs, 4-tooth E.L. rams lfgns, cull lambs 4s 4d to 5s 2d, cull ewes 4s 6d to 6s, purebred Border Leicester lambs 32s 6d, purebred 2-th Border Leicester ewes 325, purebred 6-th Border Leicester ewes £2 3s to £2 7s 6d. At Raumsi on Tuesday more than thq-advertised entry of sheep came to hand, every yard being full. Bidding was brisk, and every lino war. sold at good prices. Quotations: —2 and 4-tooth wethers 14s 4d, lambs 9s lid to 12s, medium lambs 6s 3d to Ss 6d. cull lambs 4s 7d to 5s lid, s.m. ewes Us 9d to 12s 4d, fat ewes 14s 3d. good Lincoln ewes 16s, cull ewes 4s 2d to Cs 9d; 18-month rough steers 245, yearlings 20s, 24-year stems £3 ss, 2-year steers £2 Is. ITOMEBUSH SALES. SYDNEY, March 9. At the Homebush stock sales, owiug to tho short supply there was a strong advance in the price of sheep. Best crossbred wethers touched 21s 6d and ewes 17s 4d. CHRISTCHURCH, March 10. At the annual meeting of the Canterbury Slioepbreeders' Association a resolution was- carried that the name “Corrieda!o" shall apply to sheep derived from merino and any long-woolled breed, and to the name “Corriedale” shall be prefixed the name of the long-woolled breed from which the Gorriedale is bred. The mover said there was rapid development of the breed, which was largely taking the place of the merino. CHRISTCHURCH, March 9. At the ram and ewe fair to-day stud sheep were offered. There was limited demand for ewes, selling at 1 guinea to 1» guineas, and English Leicesters 2 guineas. Border Leicester rams were in fail* demand, John Little's (Montserrat) consignment selling up to 23 guineas. Two imported rams were offered; one bred by D. Hume sold at 95 guineas, and the other, bred by A. and J. Kerr Smith, at 50 guineas. There was no sale for Oxford Downs, anu poor demand for Southdowns, a number of imported by Boult and Sons, Feildiug, selling at 8 guineas to 25 guineas, and locally bred rams 6 guineas. W. White sold a Shropshire ram, bred from imported stock, at 67 guineas, and others at 174 guineas to 30 guineas. One of Parry's rams also brought 30 guineas. A few Corriedales were sold at 5£ guineas to 14 guineas, and a few Lincolns at 5 guineas to 8 guineas. Stud English Leicesters were in strong demand, F. C. Murray's topping the market at 52 guineas. The highest prices for other breeders' lots were —W. B. Andrew, 4-U guineas; P. C. Threllceld, 394; W. B. Andrew, junior, 39 guineas; Isaac Andrew, 37 guineas; W. Nixon, 35 guineas; A. Ruddock, 31 guineas; R. and J. Reid, 274 guineas; L. Grant, 25 guineas.

Dalgety and Company, Ltd., Wellington have received the following cablegrams from their London office, dated the Bth instantßutter—Market very weak. Copenhagen official quotation unchanged. We expect loAver prices. The imports of butter into the United Kingdom for the week ending the 3rd instant amounted to 119.000 cwt as compared Avith 95,000 cwt for the corresponding period of last year. More demand for unsalted than salted. Frozen Meat.—Lamb—Expect a gradual decline in prices as arrivals come forward more freely. Mutton Market firm, but not much demand. Beef Arrivals from River Plate are heavy, and there is less demand. Our quotations are:—New Zealand prime crossbred lamb, Canterbury (heavy Aveights) sd, North Island, sd. Mutton, Canterbury (heavy) 4jd, North Island 33d. Lamb, Canterbury (light) s£d, North Island s£d. Mutton, Canterbury (light) 4-id North Island 4 l-Bd. New Zealand prime ox beef (fores) 2ifd, hinds 3d.

COMMERCIAL CABLES. LONDON, March 9. The market rate of discount for best three months’ bills is -|th loAver, at 31- per cent. The Bank of England rate is 4 per cent., as against 3 per cent, on September 28th. Wheat.—The markets are weak and cargoes are neglected. Australian afloat is offering at 30s 9d to ols: New South Wales March-April shipment, 30s 3d. Flour.—Lifeless and unchanged. Freights quiet. March arrival offering at 22s 6d ex ship

Butter is dull. There is little demand. Heavy supplies from four steamers have been discharged, together with much Australian unsatisfactory owing to heat. Danish is unchanged ; Australian. 98s to 100 s, occasionally 102 s, unsalted, scarce, 108 s to 110 s; New Zealand, excellent quality, 304 s to 105 s. Cheese is firm. New Zealand, G3s to 645. Sugar.—Dull. German beet, 88deg, Id lower, at 8s 3d; first mark, granulated, f.o.b. Hamburg, 2d lower, at 10s 2d per cwt. Bradford Tops.—The market is aniu ated, extreme quotations limiting bi ■siness. 40’s, 17d: 46’s, 19d; common 60’s, 2Gd : super GO's, 2GJd. Copper. —Spot, 17s 6d higher, at £79 17s Gd; three months, 12s (kl higher, at £7B per ton. Tin. —Spot, £IG4 IQs; three months, £164 5s por ton. Lead, 12s 6d lower at £ls 10s per ton. . Pig-iron, Sd lower at 4.8 s 3d per ton. Spelter, £24 ss. Silver, 2s 5 11-16(1.