COMMERCIAL.

Oamaru Mail, Volume XXXVI, Issue 11658, 13 June 1912, Page 6

COMMERCIAL.

LONDON .MARKETS. [By Electric Telegraph—Copyright.] (Per Press Association.) Received June 13, at 8.55 a.m. London, June 12. There were no tallow sales owing to the strike. Received June 13, at 10.5 a.m. London. June 12. The American visible wheat'supply is 58,118,000 quarters. THE BANKS. London, June 12. Bank shares: Bank of Australasia;, 117 to 119; Batik of Neq* South Wales, 42J- to 434; Union Bank, 58 to 60. New Zealand Loan and Mercantile, 99.

AUCKLAND MARKETS. (By Telegraph.) • (Special to the Mail.) Auckland, Juno 12. Potatoes.—The market has been somewhat easier in the south owing to the weakness of the position in Auckland, due to the excessive supplies that had accumulated locally. The Wimmera brought a light shipment of 454 sacks from the south, but latterly stocks have considerably decreased, with the result that this market is now somewhat better. It is quite probable that an increased demand from Auckland in the south may firm the market down there. As digging is going on freely in the south, growers may be willing to accept lower rates rather than-pit their stocks, but once that is done another advance may be looked for. The Pukaki,has brought 1700 sacks of potatoes and more are on board the Wanaka, due next Saturday. These supplies are in addition to' the. usual weekly shipments. Loeallv potatoes are quoted at £5 15s to £6' per ton. So far the attempts to get the restrictions removed upon the importing of New Zealand potatoes into the Commonwealth have been unsuccessful. If these restrictions are once removed free supplies may be drawn from the south for Australia. Oats. —The tone of the oat market is somewhat weaker in the south. Locally the quotation is 2s lid ex ship and 3s ex store. There is still a steady demand for Australia, and English business could be done if freights were available at a 20s rate. The local stocks are considered equal to present requirements. . . . , Seed Oats. —Algerian seed is m steady demand, and the requirements will increase towards July and August. lute and Black Tartarian oats are also being enquired for at 3s 9d, while recloaned Algerian seed realises 3s lOd to 4s. fowl wheat continues to rule high m price. Local supplies are fair at the present. The price is 4s 4d to 4s od. Milling, wheat shows no change upon the position previously reported. Seed Wheat.—Spring seed wheat is being enquired for. White-straw Tuscan is worth 5s Gd.

ALDINGTON MARKETS

(Per Press Association.)

Christchureh, June 12

At the Addington stock market there were again large entries of stock in the sheep sections and good yardings in. other departments. There was an average attendance. Fat cattle sold at abmit ilast week's rates, store sheep were in strong demand, and fat lambs were easier by about Is per head. The. fat sheep market opened vciry firm and closed at last week's prices. The entry of store sheep, as might naturally have been expected, at this season of the year, showed a marked falling off, and the sule was concluded shortly after noon. The yarding was of aii'ordina<ry class, and contained nothing special." There was a fair attendance and a brisk sale, everything being cleared at prices which still showed an upward tendency, firmness in the mart being especially noticeable in tho case of good young ewes and wethers. Lambs of all descriptions also participated in the improvement demand; in fact, the only class of sheep that did not command more attention than at the previous sale were old and toothless sorts. Quotations were: Ewes — A line, of 4, 6 and 8-tooth halfbredsmade 15s lid, 6 and 8-tooth (good) to 16s 2d. 2. 4. 6 .and 8-tooth of good clacs 16s Bd. 4 and 6-tooth (medium) 13s to 13s 9d, full-mouths to lis, aged and toothless sorts to 7s 7d. Lamhs — Fairly forward sorts 12s to 12s 6d, others 10s 9d to lis 9d', owe lamhs (small) lis 3d, wethers (fairly forward) 17s to 17s 6d. 2-tooth (forward) 15s 6d to 16s 2d.' low-conditioned small Jots (culls) 12s Sd, and merinos 10s. ' The entry of fat lamhs was a large, one, totalling 9359, but while there was a fair proportion of prime sorts there was a. large percentage of light and unfinished lambs. This indicates that the fattening season is now drawing to a. close, and entries from now onwards will perceptibly ease off. Competition lacked the'briskness that has characterised 1 late sales, and prices were easier hv fullv Is per head as compared with last we'ek. Tegs made 16s to 19s 4d, a, few extra to 21s, average weights 13s 6d to 15s 9d, and light and. unfinished lis to 13s.

The yardng of fat sheep was a very large one of mixed quality, but included) sojme good; ilines of .freezing wethers and ewes, but the bulk of the entry consisted of medium and inferior ewes. The market opened under keen competition, and prices for both ewes and wethers were very firm, and closed at last week's rates. The range of prices was: Most prime wetheTS 18s to 21s, extra, to 24s 6d, others 15s lid to 17s 9d, prime ewes 14s 6d to 19s 7d, extra or 23s 3d, others 7s 6d to 14s, merino wethers 12s 6d to 16s 7d. The entry of fat cattle, which totalled 242 head, "compared l with 190 at the previous sale, included a few lines of quite exceptionally fine and heavy cattle, but the bulk of the yarding was of medium quality, and there was' the. usual proportion of cows. Tlve. demand for all classes remained unchanged, the better description' of animals being responsible for the higher figures ruling. Beef realised. 23s 6d to 29s per 1001b, the highest price being obtained for prime steer feed. Steers brought £7 10s to £ll. extra to £l4 ss, heifers £5 10s to £8 10s, extra, to £ll 15s, and cows £5 to £B.

The yarding of store cattle was a. small oire. .and consisted mainly of old l cows. The demand was weak, there being few buyers. Yearlings made £1 18s to £1 19s. 2-year steers £4 Ss. 2vear heifers £4 to £4 Bs, 2-y-enr heifers £4 to- £4 3s "6d; and cows £1 15s to £4 7« 6d. "Dairv cows £4 to £lO 15s. • - Th yarding of fat pips was relatively a small one, and as a result there was a good demand, all lines offered selling freelv. Choppers covered a wide range of quality, and prices ran from 55s to 105s, whilst heavv baconers realised 67s 6d to 755, and lighter sorts 53sjto 655, these prices being equivalent to ojd per lb; heavv porkers made 43s to 48s. and smaller pigs 35s to 40s (eoual to skl per lb). Stores were in good supply, and the demand was brisk; large sorts realised 35s to 42s 6d, medium 25s to 32s 6d, small sorts 14s to 22s 6d, weaners (whore were in good request) brought | 9s 6d to 14s 6d. '

DTJ24EDIN "MARKETS. (Per Pbess Association.) Dunedin, June 12. Cattle.—2oß fat cattle wore yarded, consisting principally of fair to good quality cows and heifers, with an odd pen of prime bullocks. This number was in excess of requirements, and an all-round drop of about 10s per head was experienced. Extra hcavv bullocks £l2 10s to £l3 15s. prime £lO 10s to £l2. medium to good £S to £9 10s, light £6 to £7 10s. extra prime heifers and cows ■<•-■]] food £7 to £B, medium £5 10s to £6 10s. light £4 to £5. ' Fat Sheep.—32l2 were penned, the bulk of this number being medium to good quality ewes, while a small proportion consisted of prime wethers. Export buyers were operating freely for all light-weight wethers and medium-quality ewes. Prices for wethers showed an advance of 6d to Is per head, while ewes realised prices fully up to last week's rates. Extra heavy wethers 25s 9d, jiood 19s 6d to 22s 6d, medium 17s to 18s Gd, light 14s 6d to 16s 6d, extra heavy ewes to 23s 6d, heavy 18s to 20s, good' 15s to 17s 6d, light to medium lis 6d to 13s 6d. Lambs.—There was a large yarding,

3368 being penned. A number of the pens offered were prime quality, but the bulk of the yarding could only be classed as medium. Prices for well-finished lambs were on a par with last week's rates, but unfinished and medium sorts were slightly easier. Extra heavy to 21s 6d, prime 17s to 18s 9cl, medium 14s to 16s-. lu:htl2s to 13s 6d. Pigs.—lo2 were penned. There was a slack demand, but prices were much on a par with last week's rates. ke ' - s 8 S to 15s. slips to 22s 6d, stores 2,s_bd to 31s, porkers 35s to 40s, baconers oos to 70s.