COMMERCIAL.

Oamaru Mail, Volume XXXIX, Issue 10901, 19 October 1911, Page 6

COMMERCIAL.

HOME MARKETS. [By Electric Telegraph—Copyright.] (Per Press Association.) Received October 18, at 9.-30 p.m. London, October 18. The New Zealand Shipping Company has declared a dividend of 10s and a bonus of 2s Gd. Wheat. —Ten thousand quarters of Australian, per sailer, October shipinert. have been sold at 30s 9<l. The Marconi Company is increasing its capital by the creation of a quarter of a million ordinary shares. 'Hie Company has secured the control of the Russian wireless company of St. Petersburg.

A L'C K LAN D MAIIK ETS. Ey Telegraph. (Special to Oaniaru Mail.) Auckland, October 18. Potatoes. —This market is now completely bare of stocks of old potatoes, as the arrivals by the last two boats were not nearly equal to the requirements of this market. In consequence of that prices firmed considerably this week, the quotation now being £5 to £6 per ton, c.i.f., for consignments. Merchants are quite unable to meet the demand at prices and are'only supplying portion of orders. The store price to-day is £6 10s per ton. It will be another fortnight before supplies are increased on the local market. Farmers in Canterbury are not offering freely, just now, as they are- 7 too busy with spring planting to worTy about sending in potatoes to • sell at the low prices ruling latterly. New potatoes are coming in more freely, and are now quoted at l.Jd to lid per lb, according to quality. It will be, another three or four weeks yet before supplies of new potatoes will be sufficiently ample to fill local requirements. Oats.—-Stocks in store are light this week owing to the unexpected delay in the arrival of the Iscbumata with supplies of Algerian feed oats from Australia. The result has been to lower stocks held in store to keep consumption going. The Ischumata is not due for a few days yet. Until she arrives this market will be short. The local quotation this week i.j 3s 6d ex store for southern oats, 3s 4d for Algerian feed. Seed Oats. —Algerian seed, reclcaned samples, are quoted at 4s per bushel. Stocks arc getting low as there is still a fair inquiry. . Fowl wheat is m good demand, with very short supplies. Farmers in the south are not offering much, added to which what grain is now available would be .classed as second milling in an ordinary season. Milling wheat shows, no movement of note this week, prices being unchanged. Growers in the south maintain a very firm attitude, and this tends to restrict business.

DUNEDIN MARKETS

(Pee Press Association.') Dunedin,, October 18. At Burnside to-day 230 fat cattle were yarded, consisting of good .quality, taken all Tound. At the beginning of the sale prices were a little easier than last week, but tliey gradually firmed, and closed on a par with the rates ruling a week ago. Best- bullocks £l-, 6d, extra to £ls, medium £lO to £ll, unfinished £8 to £9, best cows ana heifers £8 to £9 10s, medium £6 10s to £7 10s, inferior £5 to £6. Fat Sheep.—2os7-were yarded, constituting a medium entry. Prices were much the same as last week's rates. Best wethers 22s to 245. extra to _9s 3d, medium 19s 6d to 21s 6d, unfinished 17s 6d to 19s. best ewes 18s to 20s, extra to 27s 9d, medium 16s to 17s, inferior 13s. to 14s.

ADDINGTON MARKETS. (Per Press Association.) Christchurch-, October 18. At the Addington live stock market there were moderate entries of stock and a good attendance. Fat cattle recovered in price to the extent of about Is 6d per 1001b, store sheep showed no change, arid fat lambs and fat sheep showed an advance, especially the latter Pigs also sold well, and there was a dull sale for store and dairy cattle, most of which were inferior. There was a fairly large yarding of store sheep, made up of about equal proportions of ewes and lambs and hoggets and a- tenpens of shorn and unshorn wethers. Most of the Hnes changed hands. = t about last week's prices, and a few lots of ewes and lambs that were passed were disposed of privately. Medium wethers made 14s 7d to los 9d, and <•- few of a better class 16s, small and low-conditioned 13s lid, ewes liogge 13s lOd to 15s lid. wethers and mixed lines lis 9d to 13s lid, ewes with lambs (all counted). 4, 6, and 8-tooth 10s 2d to lis Id. fair-mouths 9s 6d to 10s 'd, aced and inferior 6s to 8s 3d. A pood line of 4 and 6-tooth Down cross ewes (with lambs) 13s, young dry ewes 12s lOd to 13s 9d, aged ewes /s fid, shori forward 4 and 6-tooth wethers 12s 6d to 14s others lis -to 12s, shorn wether hoggets 9s 4d, shorn ewe lioggets lis od to lis 7d. - , There was an entry of 1/4 fat lambs, the quality being very good. There was a keen demand, and tlus. coupled, with the size and condition of the lambs, caused ah improvement in prices,;,es r pecially for the largersorts. Tliegeneral run of prices was 14s 6d to 19s bd. extra good 235,: and a-few. small 10s. Fat Sheep formed a ; small yarding, and were again largely made up of good Southland lines, and a mixed entry >t local sheep, including some pens ot shorn sheep and merinos. There was keen competition, and prices advanced several shillings per head, sheep that were passed in the .week before making in some cases 3s'and ss_per;head, the general' advance being: about Is od io 2s per head. The railed of pricey was: Extra prime to 30s. 6d, prime , 23s to 28s 3d, others 18s 7d to 22s 6d, shorn wethers 16s Id to 19s. merino wethers 16s to 20s 3d, extra prime ewes t<v 295, prime 20s to 25s 9d, others 16s lOd co Ids 6d The yarding of fat cattle totalled only 146 head, or a little mor e than_halt the number offered last week., was a good proportion" of prime animals in the yards, most of which came from the North Island. There was brisker competition on account of the short sutjply, and values .advanced, abijut- Is 6d per 1001b. Steers made £B-to £ll,los, extra to £ls, .heifers *£7 2s 6d to. £B, extra to £ll 15s, and cows £5 los; to £lO 5s (equal to 27s 6d to 33s 6d for prime, extra to 38s-6d:?arid'c6w and inferior 25s to 26s per 1001b). V.eal calves made 4s 6d to 525,. and one extra large £4 ss. A a'rapara steers made £l3 to £ls os. A small yarding of store cattle consisted of young sorts in low condition, and there was only a limited demand. Yearlings made 2os. 1-5 to 18 months £2 8s to £2 13s, 2-year heifers £3 Is (pnsFod). dry cows 2~s t'i £4 2s. Dairy cows. —The small number of dairv cows on offer were mostly inferior sorts. and they met with a dragging sale, prices ranging from £3 10s to £9 2s 6d.

Fat piirs were offered in Ir.riie numbers. Hut :i troed proportion were unlinished. The best finished .sorts sold well. Choppers made oOs to 365. lar.ce baconets o('s in /Ss, liirhter >jo.s to fid (onual to fid per lb"), lart/o porkers 37s fid !o 47k fid. lighter 30s to 3-~ss (equal to fid to O.'d per lb). medium e:itry of store pi.L'S was also in acti.-e demand, lar.'ie sorts makins 27s to 31s fid. smaller Ids to 2os. nrd woaners is fid to 17s Gd. tlie latter price foi an exceptionally pood line.