COMMERCIAL.

Oamaru Mail, Volume XXXIX, Issue 10768, 17 May 1911, Page 1

COMMERCIAL.

i HOME MARKETS. ; [l'.v Kf.Kt"t»:if Tvxi.on.u-it— Copy«u;in. I i (i'i:i: .I'ije.ss .Association.) ! M.ccivcd May 16, at 10.25 p.m. ; London, May 16. | Wool—Tekoa, top price 13d, average < 12d. Y'.heat —An Australian cargo sold at 35s 7 Ad. CHRISTCHURCH MARKETS. .(Per Pukss Association.) • Christchurch, May 16. The cable advice received a few days ago stating that a cargo of New Zealand wheat (new crop) had been sold at 35s 6d is not accepted as correct by grain merchants in Christchurch. The best offers they have received are 33s 3d and 33s 4d, and they do not consider that more than 2s per quarter more than this could have been paid. The market remains firm, but with little doing, as farmers are still refraining from offering their grain. The price of bran for local consumption has been raised. Chaff is very firm, and the local demand has increased with the advent of colder weather. rotators arc now being pitted, and the offerings have therefore eased off. The demand is quiet, and the best prices now offered are 60s and 66s at country stations. JUNCTION YARDS. Messrs Uruet: Christie and Co. held their usual weekly stock sale at the Junction Yard.-* yesterday, when therewas a fair attendance. Cattle. —50 head were yarded. Fats are scarce. Prime beef 27s Cd to 30s, good forward steers (3 to 5 years old) £6 to £7, 2.Uyear-oltl steers £4 to £4 10s, 18-moutbs-old steers and heifers 35s to 40s, vcar!ings 20s to 255, calves 10s, bulls (potters) £2 to £3, cows (potters) 20s to 255. Dairy cows and heifers (coming to profit) 'continue in demand at late rates. \Ye quote: Best cows (at profit) £7 to £7 10s. medium sorts (at profit) £5 to £6, others £3 to £4. Pigs.—4s penned. Slips 13s 3d to 15s, best weaners 6s to 7s, small weaners 4s to ss. Prime baconers, from 1301b to 16011), continue in good demand at late prices. *' AYAIAREKA YARDS. The Oamaru Auctioneers' Association held their weekly sale of stock yesterday, when about 2000 sheep were yarded. Fat wethers (medium quality) 12s sd, fair to good to 14s Id, fat ewes 10s 2d to 10s 3'd, fat lambs 10s 6d to 10s- 9d, forward wethers lis Sd to 12s Id, fat and forward lambs to 8s lOd, forward lambs to Ss 3d, sound-mouth ewes 9s to 10s (id, failing-mouth ewes 3s 3d to 7s fid. 'Che safe for low-conditioned stock was very dragging. Fat sheep sold fairly well, especially wethers, but soundmouth vwea did not meet with the keen demand expected. FROZEN MEAT MARKET. The Colonial Consignment and Distributing Company, Limited, reported •as follows on April 7th:— New Zealand Mutton. —The arrivals comprise the Nairnshire 5046 carcases, Matatua 42,777 carcases, and Athenic about 24,000 carcases. The demand 's still very slow and the wintry weather tends to restrict business in mutton. The supplies of Canterbury sheep are still extremely light, and the fancyprices asked bear no relation to other quotations in the mutton market. North Islands are relatively plentiful, and the majority of holders arc trying to push sales at 2;Jd to 3d per lb. The normal quotation for good light carcases is3.'td per lb, but not many make this figure, while ewes have been sold as low as 2Jd per lb. The competition between importers is largely responsible for the present weakness. Australian mutton. —The only arrival has been the Orontes with 750 carcases, and it appears that stocks are being, rapidlv reduced to moderate proportions. " Good quality maintains its value at 23d to 2|d per lb, and ewes cannot be bouglit at less than 211-16 d, but provincial markets have not yet firmed tin to this level. "Frozen lamb. —Receipts during the week consist of 172.399 carcases from New Zealand and 9990 carcases from South America. The market is in a curious condition. The demand still leaves something to be desired, but the undertone is distinctly stronger and difficulty is experienced in buying lines at tin- official quotations. Canterbury brands meet a fair inquiry and are worth up to 5Jd per lb for'3Blb car-ca.-!'s. Lighter weights can be bought a 1 4;d per lb. North Islands arc plenlii'oi. but inferior carcases predominate. Yalms range from 4d to 4;d per lb. Australians are dealt in at last rates, but business is not active and prices a:>• weak. Frozen Beef. —Receipts consist of 1(1.9-12 quarters from New Zealand and 15.115 quarters from South America. Prices arc not quite so firm and the sale is slow, hnt the stocks in store, although slightlv larger, are still very moderate. The quantities afloat, however, show a substantial increase.