COMMERCIAL.

Oamaru Mail, Volume XXXIX, Issue 12292, 20 July 1914, Page 2

COMMERCIAL.

) LONDON WOOL MARKET. [By Ei.ectiuc Telegraph—Copyright.] (Per Press Association-.) Received July 18, at 3.15 p.m. July IT." At the wool sales there was-spirited bidding for all sorts at unchanged prices. ' Received July 19, at 5.5 p.m. London, July IS. At the wool sales the following prices were realised for the fleece portions of New- Zealand clips as named: —.Santoft, top IO.Vd, average lOJd;. Wainui,- top top 10.'.d, average 13* d; Rhoborough, top 14-I-, average 13-j-d; Clayton, top lold, average- 14gd ; Brookdale, top I'd, average 15-Jd; Moeraki, top 17d, average lojd. • . Meats. —London quotations, including ex-store. Sheep: Canterbury light, 4Jd. Lamb: Canterbury light, 6 3-16 d; second quality light, oijd; medium s£d; heavy fine Southland 5 13-16 d; North Island, sjjd, selected brands 53d. Beef: Australian, fores, 32d, hinds 4Jd; Argentine, 1(50 to 2201bs frozen fores, hinds 4*, chilled fores 3Jd, hinds 6jd; Uruguay. 140 to 2001bs frozen fores 3£d, hinds 4id, chilled hinds sid. Other meats are unchanged. Rabbifs are dull and unchanged. Butter. —New. Zealand salted lifts to 118s, unsalted 118s to 120s. . London, July 19. The wool sales continue good, and prices are and unchanged. ' The following prices were realised for the Now Zealand clips named: —denary, top 16id. average 14d; Gear, top 15d, average ll.Vd: Mar, top 14id, average. ll*d; Flat Point, . top 13-Jd, average,' 11-J-d; Nikan, top. 12Jd, average 11-gd; Papanui, top lOci, .average 9Ad; To date 125,597 bales have been catalogued and 117,742 have been sold. HOME MARKETS. Received July 20>.at 8.10 a.m. London, July 19. Wheat is firm, but unchanged. The wheat and flour afloat for the United Kingdom is 2,625,000 quarters, and for tho Continent 1.720,000. . At- [ lan tin shipments total 009,000 quarters; Pacific nil. \ The total shipments to Europe during the week were 1,200,000 quarters, . of "which- Australasia provided 48,000. , Rubber—Para, 2s lOd to 2s IO.Vd per lb; Plantation, 2s-2d to 2s 2iJ; smoked. . 2s 3d to 2s 3i*d. •' ' Cotton July - August shipment, '. 7.15Jd. L Galvanised iron, £l6 14s. Fencing wire, 1355, less 3. Wire netting,, 62 i per cent., less 5. I SOUTHLAND MARKETS. By Telegraph. 5 (Special to the Oamaru Mail.) Invercargill, July 18. The activity which ha,s been an outstanding feature of the stock market in Southland for some time past is in no ; way waning. All classes of stock are . in request, store sheep particularly . The principal sale held since our last r weekly report was that- at "Wallace-town . on Tuesday. The yarding of fat caftle 3 was not only small., but the quality g was somewhat inferior, the bulk of" the 5 stuff coming under the hammer being I unfinished heifer and cow beef. Oont sequent- upon the small entry and the good demand, prices naturally ruled at a high level, beef being easily disposed I of at 35s per 1001b. -The entry of fat ' sheep was fairly large, and, although values were not quite so firm as those ruling at the.previous fortnightly sale, they should be considered by the vendors as satisfactory. A very active de- , mand exists for store sheep of all classo; ' and it would seem that operators in r this section of stock are rushing the market, with the consequence that j prices are rising to an .unusual degree. In fact it is now some years since values reached such a high level at this period. Compared with the Canterbury market, prices for store sheep at this end of tho Dominion show an j advance of .from Is 6d to 2s per head. The mild winter has had a beneficia! I effect on turnip feed, which is lasting , out remarkably well. and. in view of the abundant supply, graziers have r been unusually active' in an endeavor to secure stock to eat off what remains of the turnip crops. It is not anticipated that prices will decline to any : extent, although if purchasers wish an adequate return for grazing and in- , cidental expenses they will have to ! look forward to tremendously high prices off the shears. Buyers of ewes, even at current values, may think it Ls safe enough business, but "we are inclined to think that the prices ruling for hoggets are rut her on the high side. The store cattle market -has firmed somewhat, the advance being not only noticeable for forward bullocks, but for young stuff also. It would appear that one or two graziers are a little chary of the sheep market at- tin prices ruling, and are turning their attention to cattle. To-day's stock quotations, are as under: — Fat Cattle—Ox beef. 34s to 355; prime heifer do, 33s to' 345; medium. 32s to 3&s; cow beef, 28s to 29.5. Fat Sheep—Butchers' wethers, 23s to 245; extra, heavy, to 25s Gd; medium. 22s 6d to 235; extra prime, 19s to £1; unfinished, 16s to 17s. Store Ca ttle —Threc-voar-old bullocks, £7 10s to £8 15s"; 21-voar-olds, £5 15s to £6 ss; 2-year-olds," £5 5s to £5 10s; 18-months, £4 to £4 10s • vearhngs, £2 15s to £3; calves, 30s. ' Store Sheep.—Two-tooth ewes,' 24s 6d to 25s 6d 4-tooth, 27s to 28s; fitooth, 26s to 275; 8-tooth, 22s to 23saged, good fresh sorts, 16s 6d to 17s 6d; older sorts. 12s to 13s 6d'; ewe hoggets, 19s to £1; wether hoggets, 16s 6d to 17s; good mixed sexes, 18s to 18s fid; 2-tooth wethers, 19a to £l* 4 and G-tooth, £1 to 21s. Oats.—The market is quiet, but firm. Stocks of "A" grade Cartons especially are not large, and aa the demand is mainly for this class, merchants are holding on to their .stocks firmly. Prices may bo quoted at 2s Id to 2s I.UI f.0.b., s.i., Bluff. In view of the limited business, merchants do not appear to be able to sec their way to increase quotations to growers, which remain the same as those recorded' last week, viz., Is 7d on trunks for A grade Cartons. Chaff.—There is a slight improve- J ment in the demand, and as deliveries j have been somewhat slack of late merchants are willing to buy prime quality for either spot or forward delivery at £2 15s on trucks. Ryegrass.—There is no business passing between merchants and farmers in this commodity, but there is a fairly keen'demand for machine-dressed seed. Prices to farmers will probably range from 4s 9d to 6s, according to weight and quality. Potatoes. —There is a fair demand for seed! potatoes for forward delivery at from 3s 5d to 3s lOd on trucks. Sales of table tubers are limited to the local market, as farmers evidently will not accept the prices offered for consignments for shipping purposes. Purchases have been made on a limited scale up to £3 10s on trucks, but if supplies increase, values will probably drop to £3, or even lower. Wheat. —Supplies are practically unprocurable, with the result that there is nothing doing in this commodity. Hemp.—The market is quiet, but rather firmer in tone. For AugustSeptember shipments fair is worth about £l7. good fair £l9, and third grade about £1 5s on trucks in each instance.