COMMERCIAL.

Oamaru Mail, Volume XXXIX, Issue 10958, 26 December 1911, Page 2

COMMERCIAL.

HOME MARKETS

[By Electhic Telegraph—Copyright.]

(Per Pp.ess Association.)

Received December 24. at 5.5 p.m.

Loudon, December 23. Copper.—On spot, £63: three months, £67 7s 6d: electrolytic. £66 ss. Tin.—On spot,"'£2o4 10s; three months, £l9l. Copra is in good demand. South Sea (in bags), £23 15s. Cotton, December-January shipment, 4.9(Hd.

Rubber, 4s 4d. Basils are firm. First New Zealands, Is 6d.

Hides are neglected. Mutton.—Canterbury, light, 4£d; North Island, ordinary, 4d. . Lambs. —Canterbury, • light, 51' d; medium, sfd; heavy, 4fd. - Australian Quotations. Mutton, heavy, .3Jd. Lamb, best brands, 4Jd; fair quality, 4id; inferior quality, 4d. South American —EweSj 3£d. Beef, chilled fores, 2sd. • Other quotations unchanged, _ Received December 25, at 5.5 p.m. London, December 24. The hemp, market is active.: JanuaryMarch shipmerit, £2l. ; Jute, December-January shipment, £l9 15s.

INVERCARGLLL MARKETS

(By Telegraph.)

(Special to Oamaru Mail.) J --»''••' Invercargill, December 23. Oats.—There is no change reported in the oat market, which is inclined to be quiet. The market is. somewhat bare! but as there are few enquiries the paucity of stock is not felt. There is a rather i easier feeling in the market, due no doubt to the fact that Canterburv's crop will be on the market before the end of next month. The crop in Canterbury and, North Otago promises to be a good one, so that it is not anticipated that present prices will long be maintained. A grade Gartons are worth. 2s Bkl to 2s 9d; A grade sparrowbills 2s 8d to 2s Bid; and B grade a halfpenny less. . Chaff.—The market is inclined to be quiet for this commodity, and prices range from £4 5s to £4 10s, but little business is Deng done. . Wheat.—There is practically no milling wheat on offer, nor has there been for some months. Velvet is worth from 3s 33d; Tuscan and red straw up to 3s 2d. There is good enquiry for fowl wheat at from 2s 9d to 3s per bushel. Potatoes.—A good many old potatoes, were on offer during the, week, but grocers are practically the only buyers, and even they are only prepared to purchase small quantities. Grocers are paying up to 30s per ton For wellpicked samples. New potatoes are being retailed at about 2d per lb, but as thev are coming to hand pretty rrcely it is not expected that this price will be maintained for long. Live Stock.—Owing to the holidays approaching the amount of stock business all through has been rather limited for the week. There is a keen demand from north as well as locally for shorn two-tooths, principally ewes, but owing to the rough weather prevailing for a long time very Tittle shearing has been done, and shorn sheep are therefore almost unavailable. Present indications point txwgood prices ruling for tat lambs, but owing to the weather very little lamb feed is being put m, and this fact must tend to spoil prospects. At Wallacetown yards last Tuesday tat cattle were very dull, owing to local and countrv butchers not operating. They have all filled privately, and in consequence beef at the sale was very hard to quit. A largo proportion was passed in, and what was sold was bringing only from 29s to 30s per 1001b. Fat cows were practically unsaleable. This sale, however, cannot be. taken asi a criterion, as when butchers unload the market will right itself again.; Fat sheep and lambs, however, were m keen demand. Prices may be quoted as follows:—Fat cattle (ex beef), 29s to 30s per 1001b; heifer beef, 28s; cow beef 91s to 225; fat sheep (best butchers wethers in wool), 23s to 23s 6d; lighter do., 20s to 21s; best ewes, 20s to 21s; lighter, 18s to 19s; best wethers (shorn), 17s to 17s 6d; lighter, 16s to 16s 6d; lambs, up to 16s for extra good; others, 13s to 14s; store cattle (tliree-year-old) £6 10s to £7 15; two-year-olds, £4 15s to £5; yearlings, £3 to £3 os; calves, £1 15s to £2; store sheep (young ewes and lambs, all counted) in wool, 12s to 13s; mixed ages. 12s 4d ; 6 and 8-tooth. lis to 16s 6d; 4 and 6-tooths, 17s to 18s. FROZEN MEAT MARKET. The Colonial Consignment and Distributing Co., Ltd., report as follows under date London, 17th November: — New Zealand Mutton.—Stocks have received a welcome increase by the arrival of tho Tainui with 5421 carcases and the Indralema with 53,867 carcases. Further arrivals until the new season's meat comes in will be trifling. Holders have been able to keep prices very firm in spite of a dull demand. The trade still suffers from the absence of heavyweight carcases, and North Islands of this grade are worth 4Jd per lb. The light weights, which usually command the most money, can, however, be bought at 3Jd to 3Jd per lb. Canterburys are not plentiful and range from 4d to 43d per lb. Frozen Lamb. —Receipts comprise 5349 carcases from New Zealand, 11,489 carcases from Australia, and 4764 carcases from South America. The demand for New Zealands is very limited and prices are maintained with difficulty South American lambs are plentiful, but the quality is very mixed and good carcases are hard to find. Values rule from 3£d to 4Jd per lb. The limited supply of Australians realises from 4Jd to 4|d per lb, but not many make the higher figure. - . Frozen Beef.—The heavy stocks have been increased by 5229 quarters from New Zealand, 30,824 quarters .from "Australia, and 18,261 quarters from South America. A slight improvement in the demand and a slightly firmer tendency in quotations can he reported. New Zealand hinds are very scarce and Australian hinds only sell at a discount on Plate quotations, but Australian fores hold their own against other sorts. , V PROPERTY SALES. Messrs F. L. Murray and Co.,_ Christ' church, report having sold during the past week, in conjunction with. Messrs ' Dalgety and Co., Oamaru, Mr Milmine's freehold property at Kia Ora, compris- ; ing 205 acres; also, on account of Mr Grant, Rakaia, his sheep station, comprising 2118 acres, together with stock thereon.- • The sanie firm also report having' sold on their own account Mr • Cooper's farm at Kia Ora, comprising 115 acres; also having sold, on behalf of Mr Penny, Mataura, his freehold farm, comprising 480 acres, at a satisfactory figure. .