COMMERCIAL

Timaru Herald, Volume XIIC, Issue 13663, 4 August 1908, Page 7

COMMERCIAL

Press Aasociation-By Telegraph-Copyright LONDON, August 2. New Zealand mutton, crossbred wethers and maiden ewes, North Island 551bs to 60tbs, 3Jd; best brands 3|d. The rest are unchanged. Xew Zealand lamb, Canterbury light 281bs to 361bs, s£d; medium s|d; heavy 56lbs to 42ibs s|d. New Zealand beef, ox forequarters 18Ulbs to 2201bs 2 15-16tt; hindquarters 1801bs to 2201bs ojd. Hemp k slow of saTe; October-Decem-ber shipments £25 10s per ton. Rabbits are firm; large are retailing at 15s to 13s 6d per crate. The new season's arrivals are in excellent condition. ( > Hides are neglected and were withdrawn from, the sales. There is .better biuiucas in leather at late rates. At the wool sales 201,583 bales have been catalogued to date, 95,000 bake sold to Home buyers, 75,500 for the Continent, 13.000 for America, and 80,000 held over. The recent weaker demand led to a- relapse, and closing prices are mostly identical with May closing rates, the only exceptions being medium to good merinos, both" scoured and greasy, which are 7£ j per cent, dearer than in May; fine greasy trosfcbreds. which declined 5 per cent., and 6coured crossbreds which are' a penny cheaper. The following were the average pricts realised for the fleece portions of the- clips named:—Mangaohane, 7£d ; Tehoa 10gd. Copra is quiet, a few sales of .South Sea, sorts in bage are made at £l7. Tallow.—Stocks, 12.032 .packages or 4.208 tons. The gross 7 Imports for the week were* 5502 packages and the deliveries 8122 packages. Copper, on spot £59 17s 6d per ton; thnre months £6O l&i 6d; electrolytic JD6O 15s. Tin, on *pot, £l3B 10n per ton; three months £139 15s. Lead, £l3 7s 6d per ton. The wheat and flour, afloat for the United Kingdom amount to 1,815,000 quarters and for the- Continent to) 1,090,000 quarters. The Atlantic shipments for the week total 254,000 quarters. SIDNEY, August 3. Butter in the local market- will be quoted at 180s per cwt. to-day. HIGH COMMISSIONER'S REPORT. The Department of Industries and Commetce has received the following cable lue-saage from the High Commissioner, datt.i London, August lsti: — Mutton.—rThe market is dull ,and trade is very disappointing, there being merely a hand to mouth- demand, and the supply i exceeds the demand. Canterbury muuon, ! <M; North Island, s£d; River Plate, 3id. Lamb.—The market is a shade weaker, bat there is a. good demand for prime quality lamb. The stocks on hand are It avy, and are being widely distributed uiuoiigst the agents who are pushing saled. Canterbury brandI*, 1 *, s|d, for heavy weights; other than Canterbury, sid. Beef.—The market is quiet, and the stocks of New Zealand btanas on hand are light. The weather lately has been unfavourable to the sale of beef. Hindquarters, 4d; forequarters, 2Jd. Batter.—The market is quiet but firm. 'The supplies are increasing, but there is a good demand, and no stock is accumulating. The prospects for next season are ■encouraging. Choicest New Zealand butt ier, 116s; Danish, 1225; Siberian, 103s; and Canadian, 116s per cwU Cheese.—The'market is quiet, but steady. Coloured makes 595; white at. 62s per cwt. . ' Hemp. —The market is dull, very little business is doing, and there is no change in prices tiO report. Cocksfoot seed.—The market is -unsettled, and speculative American crops are being offered, and it is anticipated that the crop will fall shorti of the estimate. Nominal quotations are:—American, 90s: New Zealand, 85b for bright, clean 171b seed. ' ' Hop S .—The market is dull owing to the English crop promising well. WooL —The sales closed on August Ist. Americans are buying and shipping tunable parcels freely, and the demand is likely to continue at the present quotations: Following are estimates of values —Superior merinos, IQJd to Is; medium merinos, 8d to lOd; inferior merinos up to 7id; Hue crossbreds all gratUs, lOd to Is; medium crossbreds, all grades, Sd to lOd; coarse crossbreds, all grades, i}id to BieL - The following shipments arrived from River Kate during 4>ly : London, mutton, 187,911" carcases; lamb, -27.815 carcases; Liverpool, mutton, 125,869 carcases; lamb, 4478 carcases; Hull, mutton, 12,544 carcases; lamb, 1250 carcases ; Newcastle, mutton, 14,001 carcases; lamb, 1455 carcases; Cardiff, mutton, 21,567 carcases; lamb, 391 carcases; Plymouth, mutton, 820 carcases; lamb, nil. , Dalgety and Co. report under date London, "Jnlv 31:—"Prices of hides are rather dearer, whilst leather and basils j.tv unchanged." The Canterbury Farmers' Co-operative Association are i"n receipt of the following cablegram dated London, August Ist: —"Mutton —Prime Canterbury, delivered Smithfield, in present condition of the market precise values cannot be named. Lamb Prime Canterbury, [delivered Smithfield, has declined Id. The wool

soles closed to-day, and prices as compared with closing raws of last series are: Merino, 5 per cent, higher: tine cro:.sbred,-5 per cent, lower; medium and crarse crossbred, unchanged, with the exception of lines suitable for the American trade." ■ The New Zealand Loan anil Mercantile Agency Company, Limited, have received the following cable. message from their London house in regard to the elet-e of tike wool sales: — " A& compared with the--last sales closing rates, prices are about par to 5 per cent, higher for eoar.-~e crossbred, scorned merino medium, medium crcesbred, and coarse and medium cros>bred slipe; about par to 5 per cent. lower for fine crossbred : about the 6ame for scoured merino sup-.-r; about' 5 per cent, lower for scoured merino and faulty wool, and about 5 per cent, to 7£ per cent, higher for greasy merino medium. Sales closed fiimly, but 88.000 bales were eld over." N Messrs Dalgety and Co. report tinder date London, August Ist: —"The wool sales closed with the demand fairly maintained. As compared with the eh sing niUts of last series prices on the average are as follow*; Super merino wools are at p:n-: good and medium greasy merino wools are 8 per cwt higher; inferior greasy merino wools are 5 per cwii higher; to medium scoured merino wools are at par to '5 per cent, higher; short and faulty scoured- merino wools are unchanged; fine crossbred wools are at par to 5 I per cent, higher and good bright medium greasy crossbred wools, when bought/ for America, are 10 per cent, higher; other descriptions of greasy medium and coarse crossbred wools are 5 per cent, higher; medium and coarse scoured crossbred wools are unchanged. Out of the net quantity available for the. sale some 102,000 bales have been sold for Home consumption, 76,000 bales for the Continent, and 10.000 bales for America, leaving 88,000 bales to be carried forward to the nftxt series. Of the total quantity of: Colonial wool available 80,000 bales.have not been offered."