COMMERCIAL.

Oamaru Mail, Volume XXXIX, Issue 10764, 11 May 1911, Page 2

COMMERCIAL.

HOME MARKETS. [By Electric Telegraph—Copyright.] (Per Press Association.) Received May 11, at 0.35 a.m. London, May. 10. At the wool sales 8242 bales were offered, whereof two-thirds were New Zealand, a somewhat miscellaneous selection. There was a very large attendance and keen competition for the Continental and Home markets. Prices were par to 5 per centum advance all round. The greatest rise was in coarse crossbreds. The Bank of New Zealand has received the following cable from its London office: —"The sales have opened with' strong competition and large attendance of buyers. The market is strong for all kinds of wool. Prices are higher, par to 5 per cent. Total net quantity New Zealand wool available, 100,000 bales." ADDINGTON MARKETS. (Pee Peess Association.) Christchurch, May 10. - There was a large entry of stock and a good attendance. Fat cattle sold at the previous week's rates, store sheep and fat lambs were much firmer, fat sheep sold well, notwithstanding an exceptionally large entry, store cattle and pigs were dull of sale, but dairy cows were in active demand.

There was a further decline in the number of store sheep yarded, and there was an improved demand for all classes. Ewes formed the principal portion of the-entry, mostly of a moderate quality, the balance being made up of inferior to good lambs and a few lots of wethers. The competition of several South Canterbury buyers assisted to improve the tone of the market, and the sale was brisk throughout. The demand was chiefly for young and sound-mouth ewes, and prices for these were better by Is to Is 3d per head compared with the previous week. Lambs also improved in price to the extent of 9d per head, while good wethers were firm at late rates. The range of prices was: Two-tooth ewes 12s to 12s sd, small halfbreds lis 3d, two, four, and sixtooths 10s to 10s 3d, four, six, and eight-tooths lis, sound-mouth 8s 6d to 10s 6d, full to failing-mouth 5s 6d to 7s 6d, culls and aged 3s to ss, medium lambs 7s to Bs, others os 6d to 6s 6d, halfbred (ewes) 12s 6d, crossbred (ewes) 9s, culls 4s 9d, medium wethers lis to Us Gd. , x,. ii i The yarding of fat lambs totalled 7199, or about the same as last week, of very mixed quality, ranging from prime down to very inferior. Included in the entry were several pens of show lambs from Rangiora, which sold at lbs 6d to 19s. The sale was a brisk one, and prices showed an appreciable advance on late rates. The rise was due to cable advice of a rise in wool, and the coming in of the winter freezing rates. There were 6856 taken for freezing at 9s to 16s 7d, and one pen at 18s Id 216 by butchers at 10s 6d to los 4d, and extra to 19s, and 127 were passed at lis Id to 13s Id. The yarding of fat sheep was a very lar"e one, and the quality was on the average better than of late, there notbeing'such a large proportion of old and unfinished ewes. The bulk of the entry consisted, however, of ewes, wethers being in short supply. The market opened well, the West Coast buyer operating assisting to firm the market, but after he had completed his purchases the market fell back to last week's level of prices, though, the sale continued fairly brisk, especially tor good wethers and for ewes at about lis per head in value. Old and unfinished ewes were more difficult to dispose of. Owing to the very large entry the sale was not over till a late hour. _ There was a good demand for export in consequence of the winter freezing rates bein" now in, and notice having been given that after the end of the month ewes will have to be sold with guarantee that they are not in lamb lhe range of prices was: Prime wethers lbs 6d to 21s 6d. extra 23s 9d, lighter 13s to 16s, prime ewes 13s 6d to l<s J-Od, medium lis to 13s, aged and light os 9d to 10s Gd, prime merino wethers 14s 9cl ° There were 324 head of fat cattle penned of generally good quality, and including several lots of very prime heavv bullocks. There was a steady de-mand-throughout, and late prices were well maintained. Steers made. £< los to £ll 2s 6d, extra £l3 to £l4 10s, and £ls 10s, heifers £o to £lO 10s (equal to 25s to 29s for prime, 22s to 23s 6d for medium, and 21s to 21s Gd for cow and inferior per 1001b). Veal calves made 4s 6d to sos, and extra to £4 15s, there being a number of well-grown animals offered. There was a moderate demand tor tfie few store cattle yarded, yearlings making 255, 15 to 18-months £3 /s Gd, 2vear heifers £3 10s 3-year heifers £3 19s to £4 los, and dry cows 20s to Dairy cows were in keen demand at £3 10s to £lO, and extra to £l2. There was a fair entry of all classes of pigs, and at the opening of the sale fats sold well, but as it advanced the demand fell off considerably. Choppers made up to 70s, heavy baconers oOs to 555. and smaller 35s to 47s 6d (equal to 4d per lb), large porkers 2/s to 325, and lighter 22s to 25s (equal to 4Jd to 4.U1 per lb). There was a poor demand for store pigs, medium sorts making los to 20s, smaller 7s to 12s Gd, and weancrs Is 6d to 6s and .7s. BTJRNSIDE MARKETS. (Per Press Association.) Dunedin, May 10. At Burnside to-day there was a medium cntrv of fat cattle, 150 being varded. There were few prime bullocks forwarded. Bidding was a little more spirited than last week, but prices were about the same. Best bullocks £lO 10s to £ll 15s, extra heavy to £l3 17s 6d medium to good £8 5s to £9 10s, light £6 10s to £7 15s, best cows and heifers £8 to £9. medium to good £6 5s to £7 10s, light and inferior £4 10s to £5 10s. .■ Fat Sheep.—There was a very large yarding, 4427 being penned. A verylarge percentage consisted of ewes of medium quality, not many wethers being forward. Bidding lacked animation, and prices showed a drop of Is to Is 6d for wethers and up to 2s 6d for ewes. Best wethers 18s to 19s 6d, extra. 21s 9d to 22s 6d, medium to good los 6d to 17s 6d, light and inferior 12s 6d to 14s 6d, best ewes' 14s to 16s 6d, extra good to 20s 6d, good lis 6d to 12s 6d, light and inferior 8s 6d to 10s. Fat Lambs.—llßo were penned. Although the numbers offering have decreased somewhat the quality was very fair. Exporters were not at all keen to buv, and prices ruled about the same as last week. Best 13s to 14s 3d, extra to los 9d, good 10s 6d to 12s. Pigs.—About 100 were penned, the majority being baconers and porkers. Prices for suckers and stores were slightly better, while porkers and baconers showed a good rise as compared with last week. Suckers 4s 6d to Bs, slips 10s 6d to 12s 6d, stores 18s to 20s 6d, porkers 29s to 375, light baconers 38s to 455, heavy ditto 47s to 61s. There is iittle change to report in the oats market. Consignments are coming forward fairly regularly, and are readily sold on arrival. There is a fair difference in the ideas of value between shippers and growers, and business is hard to transact. Seed lines,are in demand. Prime milling 2s 3£d to 2s 4d, good to best feed 2s 2£d to 2s 3d, inferior to medium 2s to 2s 2d. . ■ , Wheat.—There is a good demand from millers and for shipment, and prices show a slight advance. The demand for shipment is chiefly for Tuscan and velvet ear, millers taking all <rood lines of velvet offering. Fowl wheat is scarce and readiljvsold. Prime milling 3s 5d to 3s 6d, medium to good 3s 4*d to 3s od, best whole fowl wheat 3s 3d to 3s 4Jd.