COMMERCIAL

Timaru Herald, Volume LXXVI, Issue 11665, 25 January 1902, Page 2

COMMERCIAL

THE HOME MARKETS. ■ The National Mortgage and Agency Co. have received the following cablegram from their London office, under date January 21st—" VVocI saies opened at an average advance of 5 per cent, on merino, aIL descriptions, and an average advance of per cent, for cios-bred, a'i descriptions. Frozen meat market inactive. Available stocks quite adequate for requirements/' STUDHOLME JUNCTION STOCK SALE. There was a large yarding of sheep yesterday at Studholme, and a good sale resulted, the majority changing hands at late rates. There was a large entry of cattle, about 120 head of mixed sorts, which met ■with a good sale, prices being on a par •with those of last week. There was a good demand for dairy cows. The following are quotations : Sheep—Merino wethers, 7s lOd; fet ewes. 9s 4d, 10s lOd, to lis 3d; store lambs, 8s 6d, 9s 6d. 10s 3d, 10s 6d, to lis Id; two-tooth ewes and wethers, lis to lis 7d; four-tooth maiden ewes, 15s 7d; four, sis, and eighttooth ewes, 9s 6d to ICs 6d. Cattle. — Springing cows, from £5 12s 6d to £6 7s 6d; dairy cows, from £4 up to £7; good forward steers up to £6 10s; yearlings to eighteen months from 55s to 545. THE LOCAL MARKETS. The animation in the wheat market continues, and the quotation for prime lines is now 3s f.0.b., shewing an advance of Id on the week. This is an indication that buyers are inclined to meet holders' idea of values. A fair quantity oi wheat is still in farmers 7 hands, and as new wheat will not be on the market for some weeks yet, prices are likely to still advance. The keen demand ior fowl wheat continues. Of seconds the market is now quite bare, and orders have to be met by placing very good wheat. This i> quoted j at 2s 6d to 2s 8d per bushel. In oats there is nothing doing, and no change in last week's quotations. Hand - rubbed samples have been shown to merchants, and are very fair. None of the - new grain is yet offered for sale, and it is an open question whether farmers will take the risk and bear the expense of yutting the new oars into small bags. In b»v!ey there is nothing at all n:o-.-ir.g.