COMMERCIAL.

Timaru Herald, Volume XIIIC, Issue 14221, 11 June 1910, Page 4

COMMERCIAL.

LONDON MEAT MARKET. Gilbert, Anderson and Co.. London, report under date April :29th:—There has been an improvement in the tone of the market, tor the week, with tho exception of mutton, which has been Tery slow with lower prices. Home and foreign supplies continues short. Stocks of frozen meat are still light. Xo steamers have arrived from New Zealand. Discharge from previous arrivals has been very slow. Prices of New Zealand Lambs average 1-lOth higher. Australians and River Plata remain the same. Mutton has declined ith.. Beef is l-16th to id higher. Prospects for the future show an improvement in lamb as the weather becomes warmer, and should shipments be regular. Mutton is unaccountably dull, owing to small retail demand. With high prices for beer and lamb the future position should not be bad.

STUDHOLME JUNCTION SALE. The fortnightly sale was held at Studholme Junction yards yesterday when a medium yarding comprising about- 5000 sheep and 60 head of" cattle was offered. Competition was keen tor all classes of sheep and realised prices must have proved satisfactory to vendors. _ Cattle were also in" demand, and sold at values quite tip to late quotations. Prices ruled as follows— Fat lambs 13s, 13s lOd. 13s Bd, 14s, 14s Od to 10s lOd ; fat wethers 14s. 14s Gd to lu's: fat ewes lUs (jd Ids'It);! 10s lid, lis Id. lis :3d. lis Gd, lis 9d, 12s Id, 12s 3d, 13s 7d to 15s G:l; store wethers lis, I2s 3d, 145.4J, 1-ls 4d, 14s sd, to 14s 7d: store hoirjiets

9s'6d, 9s 9d, 10s to "lis. CattleFat cows to £'7 15s, fat Jieifeis £'-3 5s to £6 10s, springers (cows and heifers; £6 5s to £">! los. young cattle (steers and heifers) £2 10s to £4, vearlini-s to £T 4s Gd.

THE TIILARU MARKETS, j The local grain markets arc- eharae-1 terised by a complete luck of animation. \ Millers are tally stocked, and art- now . regretting that they bought; early in ; the season at mgu price*, iiie market ; has improved a little in Australia, arid I there :s a Jitdo iiraier feeling at Home, I but in the absence of sales it is impos- ; sible to say what values are at present. I The problem as to what is to oe done j with all the damaged wheat still re-1 mains unsolved. JNo improvement is i looked for iu the market lor i;ood mill-; iii2 wheat, until the stocks at present ; on 'hand are lowered. j The oat market is also dead. '• Farmers are asking 2s per bushel • it country stations, and some ; oi theni more, but merchants say : it is quite impossible for them to give ; this price. -No oats are ottering just . now. it is anticipated in some quar- i ters that the present holding back of ■, stocks will result in a lot oi' grain ; coming on the market in the spring, ! V.'heii prices are expected to bo easier, j The potato market has eased back 5s per ton during the week, to-day's quotation being £4 15s on trucks, country stations. The easier tone is attributed to importations from Australia.

TEE CHRISTCHI'RCH Per Tress Association. CHRISTCrirRCH, Juno 10. The local wheat market is very dull. Good Pearl wheat is most in demand, but is apparently very scarce. There is a fair quantity of wheat offering, but in view of the state of the London market there is practically no demand for shipment. The oats market is likewise very quiet, ami business is limited. Potatoes are not <iuit c so firm and

there are more sellers at £5 os, which is, however, the lowest price that will he accepted.