COMMERCIAL.

Oamaru Mail, Volume XXXIX, Issue 10766, 15 May 1911, Page 6

COMMERCIAL.

LONDON MARKETS, [liV El.lXTlilU TEI.KUKAPn—COI'YIMGIIT.J (Pkii Pi:i:ss Association.) ;;•(. ive«] May io, ai It.lll a.m. London. May ]■!. Wheal and flour afloat for the United Kingdom i-: 3.3*5.1/O" quarters: for the ( ~i• Tii•,-- lit :i.-j7O.ijUU. Atlantic sliipinei:; - are l±.M'lO(), and Pacific lb\UU3 iiua:te"s. Tin- total shipments to Kurope amounted to 1.070.U0f) quarters, inei'idiuL' Argentine Russian 74.">.t 'i:). Dauubian ISo.iMji). Indian ILS.i:O<J. Australasia 7-i.U!lij quarters. OAMARU MARKETS. Oamaru Mail Offic-. Monday Afternoon. A good inquiry was experienced ior '-.vheat during the past wei'k, but offerings were not equal to the possibilities of business.' Indeed, during tli ■ latter part of'.the week ft was "practically- impossible to ' obtain samples, and on Saturday, which is .usually the busiest dav in the grain market, not a single offer was made. This may indicate either that wheat is oncoming exceedingly short"ill the district "or that holders are confident that values have not \ft reached their highest point A good many sales were made, nearly all 'at country stations, ..and,, less commission. ' Under 4hese terms Velvet was sold at 3s 4d.aud.3s;.4|d,, mostly in lots ranging about*2oo sacks; but two lines reached 500 "sacks., The only net rash Sale- renorted was made at 3s 3d on trucks.' Fo.r..Red .Chaff the same net pric-r was also paid, arid, sales,,, subject to commission, .wiere' made at 3s 3jd at country stations! Tuscaii and Bordier varieties also changed hands at 3s 31d. less commission, . at ' • country stations, and a parcel of solid straw Tin can was taken at $d less money. No oafs are procurable in the district, and potatoes, which have declined in \ nine, are, practically a dead letter, no outside business being possible. < : 1 SOUTHLAND MARKETS. By. Telegraph. (Special to the Oamaru • Mail.) Ihvercargill, May 13; Oats".—Prices remain firm, although there is very little enquiry from the North Island, as northern merchants are still continuing to hold off the market. There has not been.a great quantity on offer during the week, -.and arrivals, at the Bluff have eased off considerably during the last,few days. Merchants finding that there is no outlet at present do not feel disposed to operate to any greater extent, and growers have . not been, offered much inducement to sell. Buyers, on the other hand, are just as independent, and'still maintain, a standoffish altitude". Cartons ar,e worth from 2s to 2s Old, and A- grade sparrowbill.s -id less, oil trucks at country stations. Ryegrass.—The market,-still remains quiet, and holders are looking forward to a demand coming along soon. Reports from tho-north are not very encouraging, and Dunedin merchants have been endeavoring.to undersell their Invercargill colleagues with a view of bringing down the price there. , Very little is "held ju farmers' hands, but any good lieavy lines are quoted at 2s. 9d on trucks. .... .. Chaff.—This commodity is in fair demand at up to £4 .on trucks, but during the w r eek some good samples were boTight at 2s 6d per ton less.' Even these prices are in excess of those ruling in Dunedin, where the market is reported to bo easier. Wheat. —Prices have advanced from Id to 2d per bushel during the last few davs. This advance has been brought about by a demand setting in from the north :iud the -advance .in. prices .in Australia. Later advices indicate, however, that tl;e Melbourne .market has assumed ;-, lowering tendency. Y civet is worth up to 3s 9d, and red straw and Tuscan 3s. on trucks at country stations.

Fat Sheep.—Owing to farmers being now practically assured of their turn of winter.crop being fully up,.to recent years, there is a decidedly, better ieeling in the stock market. This applies to all classes of stock. The most noticeable demand is for good wethers, and any lines of these coming along are invariably well sold. Prices ruling .'are from 14s to 15s.

Lambs. —Fat lamb buyers are operating more freely than has been..the case for some time past. It is understood that the limits is some cases are a trifle better than 4;d per .lb. Farmers are selling freely, and the price works out at about from 13s to 14s per head. In nearly every case the lambs are. heavy weights, farmers having held -on and kept theirjambs on feed in -anticipation of a rise, and they have not been disappointed. Forward lambs meet with a ready sale at from lis to 125.. A very large number of farmers are on the lookout l»r well woolled ewe lambs to carry over for shearing. For this class of sheep a noticeable rise has taken place, values ruling at up to 14s for ewe lambs, and extra good lambs (mixed sexes) are making up to 12s 9d. Store and Breeding Sheep.—Good young ewes arc readily placed in small lots, but there is no great demand. However, any small lines of really good sheep coining forward are readily disposed of at up to 17s (3d for 4-tooths, 16s (id for 6-tooths, arid 16s for 2tootlis. .Any lines of old ewes_ in .good condition coming forward are easily placed at from 7s 6d to 9s, a large number of farmers being after, this class of sheep for fattening in anticipation of improved values ruling. Butchers' wethers.are readily sold, and it is reported that several lines have been sold to northern butchers at from 17s 6d to 19s for delivery from now to the end of June.

.. Fat Cattle.—The beef market, is very firm, hut the bulk of what is-offering is cow and heifer beef, and this has a tendency to keep the market for prime ox beef steady. The latter is selling at from 37s to 39s per 1001b, whilst cot? and.heifer beof can.be got at:from 25s to 30s per 1001b. Store Cattle.—There is a decidedly good demand for forward cattle, thrqc and four-year-old steers making .up-to £S 10s, a number of buyers from the Wa|ati district having been operating during tho last fortnight. Yearlings arc. worth from £2 15s to £3 10s per head, and IS-months to 2-vear-olds from £4 to £5 10s. , DUNEDLX HORSE SALE. ' (Otago Daily Times.) Messrs Wright, Stephenson, and Co. report as follows: —The entry for last Saturday's sale was not large, and what was forward was aged and' worn out. There was a fair attendance of the public, including a Jarge - number farmers -on the look out-for'plough horses. If the right class of horse Had been on hand, good husiries)s.;wbuld have resulted, as we had -a' lot of buyers anxious to secure young,' sound,' ac'tiv.c sorts fit to go into immediate work. Well-bred draught fillies and mares are eagerly inquired for. Paring, the .week wc held a special sale at" Kelso, "and under keen competition mares realised > up to £56, and geldings up to £45 10s. The following day. we had of horses at Clydevale on account of Mr John Jones. .This.-lot was a contractor's team just out of hard work. There was a large, concourse of-people at the sale, and "under keen competition a clearance was speedily effected at prices ranging up to £44 10s for geldings. .The demand for all classes of draught stock;, if voiing. sound, and reliable,"continues unabated. "We.quote: Superior, young draught geldings.atfrom £4O to £45; extra good do '(prize-winners), at from £SO to £6O; medium "draught mares and geldings at from £3O to £4O; age??, at from £lO. to £ls; strong spring van-horses at froim £25 to £3O; spring-carters at from £lB to £25; milkcart and butchers' order-cart horses,- at from £ls to £2O: light hacks, at from £8 to £l3; extra good hacks and harness horses, at-from £l3 to. £25: weedy and aged, at from £5 to £7.