COMMERCIAL.

Timaru Herald, Volume XCIV, Issue 14457, 1 June 1911, Page 5

COMMERCIAL.

WHEAT CHOP REPORTw Press Association —By Tel.—■OopyrigSft. BUCHAREST, May 20. An official roport states that tho Roumanian wheat crop is in Jjood condition, and will probably yield a! tut 20 per cent, above the average. AUSTRALIAN TARIFF. ) LONDON, May B.">. Mr Hamilton Wickos addrossed tli» Belfast Chamber of Commerce, and said that revision of the Australian tariff was in tho air. Australia dosired to support British industry, which gave better value than Ita rivals. ADDINGTON 6TOOK SALE. Per Press Association.

CHRISTOHURCH, May 31. Tbere waa a large yarding of stock, especially of .fat sheep at Addingtoa to-day, and a good attendance. Fw cattle sold at last week's rates for ordinary quality, but there wo# an advance in prime beef., Store sheep were a little easier, as were fat lambs. Fat sheep,, deep!to an exoeptaonaLy large entry, sold well, aged ewes only being oasior. Pigs allowed so change in values.

Thero was a good entry of fftoro sheep, being rather larger than week, and it consisted jdhiofly, of equal numbers of owes and lambs with » few lines of wethers, all of ordinary quality. There was not a very uctaya demand, and with the exception of good sound mouthed owes prioes were a shade weaker. Six and eight tooth ewes made 8s Id to IDs .7d, 6ouod mouth lines 8s to 9s, fair mouth* 6e 6d to 6s 9d, and agod 4b to -4s Bd> ewo lambs 7s 9d to 10s lOd, tho latter price being for an especially good line, mixed sexes Bs to 8» 6d, medium. sorts 6s 6d to 7s Cd, forward wethers 18s Bd, others lis 3d to lis lid.

The entry of fat lambs totalled 8416, or 2300 more than last week. The quality was bettor than last week, and the yarding included some exceptionally good lines. The sale opened fully up to last week's rates, but competition and prices afterwards eased 1 off, several speculators not -operating. 'Jliere were 7984 taken' for export at 9s Id to 18s 4d, and 432 by butchers at 8s Gd to 16s 9d.'

There was an exceptionally heavy entry of fat sheep, this being the last sale at which ewes will bo sold without a guarantee that they are not in lamb. Notwithstanding tho large supply there was an active demand throughout tho sale. Wethers, of which there were some prime lines offered) were . very firm, and good ewes sold weld, but aged and inferior sorts were somewhat easier. The range of prices was — Prime wethers 17s to 20s 6d, extra, to 23s 9d, others 12s lOd to 16s 6d, prime ewes 14s to 18s Id, extra to 20s, medium lis to 18s> 6d, aged and light 6s to 10s 6d, merino wethers 7s 5a to 14s 6d.

The supply of beef totalled 262 head or about 150 less than tho previous week. Included in the entry were some lines of very prime quality, but the general average was below that of the previous sale. There was practically no change in prices except for very prime steers, tnese showing an advance in values. Steers made £72s Gd to £ll, extra to £l4 heifers £5 to £lO ss, and) cows £5 to £ll, equal to 30s for extra prime, 24s to 28s for prime 21s to 23s for medium and 19s 6d to 20s 6d for .cow and inferior per 1001b. Veal calves made 4s 6d. to 60s.

A small yarding of store cattle in poor condition met with a dull sale, yearlings making 20s. 15 to 18 months £2 18s fid to £3 2s, year steers £412s fid, and dry cows 34s 6d to £4 10b. Good dairy cows were in demand, and made £3 10s to £9 15. Pigs were entered in smaller numbers than last week, but there was practically no ohangG in values. Choppers sold up to £4 15s, large baconers 47s 6d to 555, lighter 37b-to 40s, equal to 4d per lb, laree porkers 27s 6d to 335, small 20s to 2os, equal to 4J<2 per lb. A small yarding of store pigs met with little demand, medium sorts making 14s to 18s, small 8s to 12s, ordinnry weaners 2s to 69, and larger to 8s 3d.

N.Z. PAPER MILLS. DUNEDIN, May 31. At tlie annual meeting of the New Zealand Paper Mills Company the chairman said tliat for the first time in their history there liad been a falling off in profits. This' was due to keen competition by English and foreign manufacturers. Owing to cheap labour and abundant supplies of tho best raw materials, all grades of paper and light bags were landed' In the Dominion at very low rates. Another factor was the phenomenal drought in Southland, so that only lialf the power at Mataura. mills was "available. The available balanra was £1125 less tlian that of las', yoar. Owing to the Woodliaugh fire the directors reoomended a reduction of the dividend, to 6 per cent, for the year, and the carrying of £1603 forward. This amount, 'with the reserve, should meet the fire loss. Tho mill at WoodJmugh would not be rebuilt till tho arrival of an expert from England. CUSTOMS REVENUE, - The following is a comparative statement showing the amount of Customs duties collected at Timaru during the month of May fa 1910 and 1911: 1910 1911 £ s. d. £ s. d. Spirits ...... 1908 18 6 1587 17 11 Cigarettes . 96 5 0 121 2 0 Tobacco .... 480 10 0 685 11 0 Wine— Sparkling 13 10 0 Australian 55 7 4 61 17 8 Other kinds 13 13 8 B S 0 Ale, beer, eto. 41,16 0 8 2 0 Goods by weight— Gen. tariff 4-1 17 B 19 7 0 Pref. tariff 5 118 3 12 6 Goods ail valorem— Gen. tariff 409 10 0 447 10 10 Pref. tariff 6 5 11 20 1 10 Othor duties— Gen. tariff 106 3 9 64 2 9 Pref. tariff ' 0 17 3 Surtax ... 71 1 7 Totals ... £;i2Hn 8 1 £2920 8 G Beer duty ... 190 1 0 187 4 0 GERALDINE BALE. The fortnightly sale was hold at Geraldino County yards yesterday when another large yarding of fats wore forward. Stores occupied _ a lew pons and were made up principally of old ewes and lambs. Fat lambs were again in good demand, and the top price of tho day IGs 8(1 Fecured for a line offered, on account of Messrs Macaulcv and Dick. Prices ruled as follows:—Fat lambs 16s So, 15s 9d. 15s, 14s 3d. 14s, 13s Bd, 13s Gtl. 13s 4d, 13s, 13s lOd, 13s Sd, 12s Od, 12.5 6d, 12s 4d. 12s Id, llsSd to 10s fid ; fat ewes. 12s'. lis ]os Bd. 10s od, 10s !)d, 10s 3d. Ps D<l, 9s id, 9* Gd. 9.= 3d to 8s; fat w«-tliors 16s 11.1 to j I.k: store lambs S s 7s Ptl, 7s 0< Od i h> . Q tl : 0 and 8-tonth ewes 10s to ! 9# 3d ; old c-wcs us Gd, 4s 3s G',l, So to 2s oil-

j iiuh-vsidj; stock sajtb.

UUNI'jOIN, May 01. I'fit Cnti!-o.—'llioro woe u lar(;o yurtling of 239 iiofwJ, mi'l ua several butchers ;iro out of tlio market at) lir"fioi:b m-ioea. wore from 16s to 20a ljor he.'tfl lower tlnm lust wool:. Quot;ltions: Best bulloolts £lO fj» £lii, extra heavy bullocks to £ 111 Gs medium bullocks £8 10s to £0 6a, beet helfcrc £8 15b Uj £0 17s Od, tnediura 17 V) £8 oa. Fat Bhooi). —4178 wow panned,' ooi> (iatiiip; mostly of cwoa, with a few pen* of tood wethers, iukl tut freeaiitg buy' orb were operating froely bout vethera 1 voro 1* |wr head hotter, wlifio inodium wetliors and ewea sold at la/it woek's rat<«. Quotations: — Barti wethers to 20.i, extra hoavy wether* to 22b Od. medium 10s to 18s, light 14k to 15s od, best owes IGb 6d to Ids od, extra hoavy to 20s &d, medium 11* 6a to 12s 0. Fat I^amba.—2oo4 vore yarded, ft .fair yarding ,but Uio quality was not qui to so good na Inat woek, and freezing buyors operated on tho name hvsis as last sale. Quotation#: beat lambs 14s Od to 10s Bd, medium 12s to 12s Bd, inferior 9s to 10s Od.