COMMERCIAL.

Oamaru Mail, Volume XXXIX, Issue 10778, 29 May 1911, Page 6

COMMERCIAL.

WOOI, SALES. [By Kr.ECTitic 'J'ki.eojiai'ii—Coi'Yiuoht.] (I'f.k I'hksh Association.) L'et- 'led Ma.\ l'>. at .-,..-, p.m. London.' May -_'7. Al ;J],. Wool sales bales Here catalogued: 'Jo.ff.M bales were .-.id lor Home collMl!f.pi.iotl. GlUWj'.'l for Continental, and 11-fill f.,r ihe 1"n i ted Si a uv. :\~.■>■■;■! l.ab-.s ue,-.. !„.|,l „ver. iiifludum rJl.'Kii) .\ew Zealand. Compared with the March -ah-s merinos generallv showed h";rle ahcraUO!), h.lt choices:' l;,eke,l United Sr;:te; supp-.rt. therefor,, prices were hardy maintained. Fine medium cent. louw. ihe finer sorts showing most de'pn-siijii ; coarse grades were iirin hut remain unchanged : scoured .-!i"«'-> a decline, or Id.. Price.,!.,.- luniks '•'•''«' l were w. II maintained. The following ar.-Mie prices realised i"\- tin- ih.-ece ponion of (he clips named : "Ker. rii." 100 uric |]d, average !)Jd : ••Koputone/'^fid.

The .\V-w Zealand. L„an and Mereannle Agency Co.. Ltd.. have received the following cable mm: London :—l(!3.(i()() bales of wool .sold at wool sales, 38.000 held over, •i'l'Hl hales tor America. Sales closed with good competition. As compared with last sales closing rates, prices are,: About par to ~> per cent. lower for iiierino (medium and inferior). fine scoured <-ros.sbred. iino greasy crossbred, medium crossbred slipe. fine crossbred .slipe. inediimi scoured crossbred, coarse scoured crossbred, coarse crossbred slipe: aboirc par to 5 per cent, higher for coarse greasy crossbred.

THE LOCAL MARKETS. Oamaru Mail Office, Monday afternoon. The weakening tendeucy of the Home and Australian markets has reflected, itself locally; consequently there was little business transacted in wheat during last week. The upwurd. tendency reported a fortnight ;ago proved to be quite ephemeral iri its nature-, and to-day a further recession of at.leastId per bushel has to • be recorded. One or two farmers-who refused-the better vnluo which ruled for a short, space -in anticipation of.--something still higher have since regretted their action, and on Saturday wero content to accept current" quotations. Even at 3s 3d millers decline to operate more- than is absolutely needful, most of them having adequate stocks. The few. transactions reported include a line of. twelve hundred and some odd principally velvet, which was purchased in the early part, of .the -.week., at 3s. 5-id, -less;'commission, ex, store, and a., line- .of ~650 ..'sacks ; jvetvet, ex store, and another fairly large .line, w ; hic,h chmiged..liands eadyi'ju at like ; money. L Qn] : Sa turdayf.sinijl lines wer,e..purchflse<L;iiJ; 3*i3cl: nation trucks,-, and, represents the value to-day. "-" " ;i>?£!*■"'•''si' .'. The oats market Jtasca. firming* tendency, owing to .theiUiglieAvpjacesv-.whiiji southern .liolcler.s.tarc ;2s yd to 2s Cd. delivered*.O.ainas'utii., ,-.j.-<:- .-.- Potatoes' were Saiuitday, at.£3 10s per tori, less commission, delivered. Oamarju,,. and. delivered ' Oamaru,"the quality being extra good for "North OtagQ;. .->

SOUTHLAND MABKETS. i • .Oy. Telegraphy .>- •.(From O'ur.Qmi,Correspondent j.• <: Invercargill, May' 27. Oats.—Business, in oii'ts is very quiet! just now, but strii - the market remains; linn. Deliveries from the 'country have almost ceased, and it is reported there : is. very little more to come forward. The grain stores at the Bluff are fairly, fulli'Tnit iiVti or three" more shipments to the north will m.ake a considerable reduction. To-day's quotations are: A Gartons, 2s 14d; A sparrowbills, •2s Id; B- grades, both varieties, -".. la less. These prices are o.t.c.s. ■ ~. ~. ; .Ryegrass.—There' is not much to re-! ' port with regard to this .commodity, | and business is still quiet. 'Merchants, \ however, anticipate £ keener enquiry j during, the next month. As'a matter j of fact there is very little grass left | in growers' hands Jn. . Southland, the! hulk of it being held by Thvercargill I merchants,, who do not, fee} .inclined, to! add to their stocks. ' For,: ..ajij;,* good j heavy lines offering 2s 9d is.beiiig paid,; o.t.c.s. . ... ~ , | Chaff.—There has.been a fair qtian-i tity of chaff on offer during the. week, j and several fairly large parcels liavej been bought by merchants in "anticipa-j tion of a demand coming "Troni . the \ North Island. So far, however, en-j quiries from that quarter have.not led; to much business, owing to the prices! offered being on the low side. For' prime oaten sheaf chaff £3 17s Gd'.toi

£4 per ton, 0.t.c.5., has been' paid., AV/icat.—The market remains the same. As a matter of fact' there is practically none of this cereal left, in growers' hands in Southland. To-day's quotations are: Velvet, 3s Id; red straw and Tuscan, 2s lid to 3s per bushel, o.t.c.s. -

I'otatogs.—The northern markets are glutted with potatoes at the present time." Owing to large quantities that have been sold off the forks/ growers realise that there is an all-round sav-

ing of £1 per ton in disposing of their crop immediately it is dug; as pitting not only means a lot of extra- labor but a considerable diminution in weight as well. The fact, of growers having realised this has led to an, extraordinary quantity of tubers being placed; on the market. ;An extra inducement: this season, too, was. .the good "'price: ruling, and growers all oyer the Dp-! minion have taken : advantage, ,wjth, th,e; result, as stated, that the northern nutr-; ket is glutted. There seems .every, x<ea- ; son to believe that.the-jnartet.will i'm-, prove and that. good. ; .pnces will i-rulof right on to -spring,, although -it is ilbtanticipated that anything ' like figures pqr ton ,will. be* reached.-,.. Itv,is; not likely that much will ftci done in the,.near.;ruture, as .practically t all the unsold argijpitt'ed, iSSiQ,-, gjriiwur.s do riot "feel the pits until, there .is aji,inip£oy.ei6'ait.'? in the niarket. .-I£ 05e-;;may:judgerfr'»ni: j enquiries: that : are.jieuig;m'adßj ; |6r.s§ed;j potatoes, it seenis,- q. rinn that the ..--aije'autp be.. v pl4gtod u n'ext!i ronsnn is "likely to be Jjttlisj applies not.pnly.jfco.this province,"ab.iij"j6;| the whole of thevpptatoSouth Island, -. ~.- ',., ;. j i;'-.,;,i.- .-rt ' i Frit last;', report market has .been" easier,..;and;; though there have been several,ijij-i quiries... from... .Cun.ed.in yet;; agents .have-not ,been i su<?pessf.i t il i : in per-' .suad.'ug tjieni.;tp.,dp business at <atiything i like-the figurs? ( Thcji vary.lr-west.figures which' local-Tiolders; nre asking is 36s"'the hundred' and..according to reports. the'lDunedih; market is.decidedly belew that...^.Seyje-: in I large, lines" of. northern ~cattle have : , b.icn finding their, way-to Djin'edin, and: thii, combined .with, the fact/that they cannot do business- witlv Southland holders, has made butchers there seem' quit?, .content .to. operate at their local y.irds. For the present there is..-"no do.uht but what on the general average local butchers, have bought at equal to 3(« to 3'Ss per'hundred pounds for prim.ox. Still in a number of cases a good deal less than this has been paid. Both cow and. heifer beef has been offering freely, and; butchers-have been able to buy at from 2os" to 28s per hundred pounds. The very l>e,-.t heifer beef has not made more than 31s.

Store _ Cattle.—"Well-grown bullocks for timiiping arc in good demand, ;iikl arc readily saleable. There are very few good lines held at present, and those who are fortunate enough in hold them are not at- all inclined to m>II. Several .«ales have been made at from £7 to £8 os for thrive antl four-vear-oid bullocks that would be likely to oomo off Turnips fat. Younger class,- s of cattle. 21 and 3-year-olds, are also in good demaj.d. and are selling at from Co os to £0 10s. Two-year-old cattle are worth from £3 10s to £4")S: vearlings. op to £3 lO.s; nnd calves. 35s to £"' Fat Sheep. Prime wethers are -ought a tier, and several sales both to li.'-al' and Puiu'din butchers have be.511 m. ; de at 17s fid. |s s .' and for extended ileiiverv (sav. from two t<> three weeks'' a- bid: as L'Os has been paid. Some 'eld- rs are now asking as high as 2'2s i'd. extended delivery. 'Pin- freezing sections of the fat. stock marked an' very healthy, and freezing buyers have been operating in both wethers and ewc.s —' wethers it is understood at 3Jd per lb and ewes 2id. The effect of this is that butchers have to pay a higher price in order to keep up their supplies* Fat

ewes have been offering fairly freely. and ;i number have changed hands. The ruling price for these locally is up t" V.'.< Gd. but at Burnsidc. for good cleati ewc'.f'that '"Would kill oiit between G'llb inid 7'llli. pries rule, at from 14s to l.'is. Litdirer weight ewes aIV been kemly >.<niL;lit alter by ffeezing buyers, and f.i-i.-i-.- have ruled 'at from !).s to IDs

!■'.■: Land).!.—The fat I:ijiilj ' inark-et has been ;;■ shade healthier .since last report, buyers evincing much more k> i l'.ne-.s to operate, and it is understood -l.'.d ancl in .some cases a shade hotter ca,n be obtained. Most lambs that :ire being bought- are heavy "eights, having been a considerable tinVe nil. rape and turnips. These pan out at. i'rom l.'ls fid to 14s fid per head.

Store Lambs. —The store lamb market has been more active, and best forward conditioned sorts making, up to. lis Gd : ordinary stores !)s Gd to 10* Gd. There is very good enquiry for good, ewe Jambs, to carry over the shearing, and prices rule at up ttj 14s Od. Store Sheep.—Very few lines of breeding ewes, are offering .at the present time. holders being inclined to hold on, on the chance of values- improving. Good voting ewes are worth up to I.Bs. and holders of this class of sheep are looking forward to getting.2os per-head. There still remains a good enquiry for old civcs to run over the turnips ahead of the other sheep, and these have been selling at from Gs to' 9s. Boilers are worth from 3s to os Gd per Good forward wethers are in. good request, and prices rule up to 15s Gd for fourtooths. Two-tooths are making from 13s to 14s. Small ordinary- conditioned wethers are selling at from 8s to 10s. Any lines of good wethers .that arc on offer are readily placed on a basis of above prices. '. " -'

DUNEDIN HOUSE SALES:-* Wright, Stephenson;; and Co. (Lt<l.) report as follows:—The entries for last Saturday's • sale were ■ very ' good, and' the, major, portion. : -w:as' .-.composed of High-class, draught, mares and geldings, ■ivitli a. few nondescript light-harness sorts. jfTie'.a-ttendance'of the public was exc.eptiona.lly good,-and included most "of tlie town carters .and contractors as well as-a large, number of studmasters and,-fftraiers,,:who.competed keenly for all ' the..young serviceable,, animals ■ as; they were offered, and consequently wei have tor.report, a. splendid l sale. The; feature, qf the auction, was the consign-j ment front Mr James Crowe, Under-: wood. The whole of this consignment was really, .high-class,: stock, and was greatly, admired. . A seven-year old mare sired by Hector Macdonald out of a •Herd Laddie-mare, and in foal to Pre-i :mier Balgarv.ie, elicited, very, keen com--petition, and. was eventually secured by] Messrs J. and C. .Campbell (Allanton)' .atv.i74gs;■:,-,. Two-splendid foiir-year-old, geldings.; .were-.greatly . : a.diiiired, and; aff.e'r..very, keen competition, eventually; 'fell:to the 1 bid of iMr- Ac,tbiw\dams "at! >£5Q eaell.j :,AijHce."blacki i'ojur-year-oldj y'eariold "goldiiig/£3|}. : , Fori 'other vendors ■ 'tfeV.soldi quite? 'it; nuihibfir.-;of draught"; :mave.Syand go|4.i»gs.r..:jtJ!e-ifoiifler making; upi"to £4B. ,'anjl r .'tlie fa v tteij'.,to £37.: -Taken all tbrougli.-Satfrcda-y's sale was! lOiSe <ul" the ;best;tlV<it Wveijiave orsome considerable timc,, ; iiionstrajt«s:i.j±ha.t..,\yUepey.er l ;- I^^B7c)ajss. ! stock is pufco'n the DUriedin marljatftit' realises excellent prices. We quote:. Superior young.) draught... front £4O to £45; extra good do (prizes wjnnersjl) at\-f)lftTn £4p< : tnj£so,; ; "superior: young draught, mares, at.frpin £SO to: £6O; medium draught mares and geld-f •Jugs at. fr.oni.£3o to £4O-; aged, at from; £lO to £ls; strong spring-van" horses:; at fr.om ; £25. to £,3,0.;.-. strong springcarters at. from £IS to £2s.;. ; milk-cart; and-butchers'; horses, at'.from: £ls. .to, £2O; light hacks, at to £l3; extra good, liacks. and harness, horses, at from .£l3 to ,£25; w:eedy and' aged, at from £5 to £7.

FROZEN MEAT M.VRKET

The Colonial Consignment and Distri- | huting Company,- Limited, report as fo'l- '■ lows: — ~.,,. .'*■'■• New Zealand Mutton: —The Sussex brought 8661 carcases to West Coast ports and the Maiiiari 30,631' carcases to London'. 'A"poor trade is reported from most distributing centres, and North''.lsland mutton, which .predominates in* the supplies, does not now ex-ceed--3£d per lb for the best light carcases,- heavy. : weights, selling- down, to 2f!d per lb. Canterburys axe in light supply and quoted- at 3gd" to 4d per lb,-but are little wanted.-at these-prices. South American Mutton .—The only arrival has been the Highland Glen with -10,402 car.c'ases.-: Sales are: still being-pressed.- and. .the bestlight- weights can .be ..easily bought, both in Bondon and the provinces at 2£d per'lbl Me r dium weights are-freely sold at 2Jd per lb, and sales of some, very heavy carcases; are reported at i2i}d per'lb.! Frozen Lamb:—The week's receipts comprise • 129,273, carcases from New Zealand, 04,27-5 carcases from Australia, and 33 carcases from -South ' America.' As already stated, the. output lias not sbjown. tlup expansion expected,- aiid prices show no improvement.'! In fact Plate and Australian Jambs ate making slightly less money.at 3.} dto 3j|d per lb for the latter and l& per lb more for .the former. Light and medium weight Canterburys can be bought' at- prices from 43d-. to. 5d per lb. a. few.of ;the heavier carcases, making ojd per lb. North Islands range between 4d! and 4Jd per lb, but a. large proportion are below the usual standard of qhality and average nearer.the-foruier figure. ...... , Frozen "Beef.—The arrivals, consistof: 775.1 quarters,.from; .New .ZJa1and,,,2284 quarters from Australia, and '20,367 America*; the last total, including' • : 1277- quarters- from Venezuela vFiozen ; beef has>- a slightly weaker tendency, although" the offerings of chilled are light',., but -prices do-not show any material change..