Commercial

New Zealand Tablet, 16 January 1913, Page 29

Commercial

PRODUCE Wellington, January 13. The High Commissioner cabled from London on the 11th inst. Mutton. alteration in the market since last week. North Island, 4yd. Lamb. Market firm. A few of this season’s North Island have arrived, realising 6yd. Last season’s, Canterbury syd. Beef.—Market quiet. New Zealand hinds, 3yd; fores, 3^d. Butter.—Market quiet;' prices : slightly weaker. December imports, 26,923 cwt more than for the same month last year. The season continues unfavorable for sales. On account of the fine weather the Irish, English, and Continental production is still considerable. The average price for the week for choicest New Zealand butter was 117 s, Australian Ills, Argentine 110 s, Danish 128 s, Siberian 110 s. Cheese. Market dull; less demand. Some holders are forcing sales. English cheese is plentiful. New Zealand 60s fid, Canadian 625, English Cheddar 70s. Hemp. Market quiet, but firm. Spot: New Zealand good to fair grade, £33; fair grade, £3l 10s ; forward shipment about the same price. Fair current Manila, £34 ; forward shipment, £35. The output from Manila for the week was 22,000 bales.

Messrs. Donald Reid and Go. report as follows: There is no business of any importance being done in grain and produce, and quotations are nominal. Oats. —Prime milling, 2s 2d to 2s 3d good to best feed, Is lid to 2s Id; inferior to medium, Is 6d to Is lOd per bushel (sacks extra). Wheat.-—Stocks of prime quality are light. Millers are buyers of these at quotations, which in most cases vendors are not keen to accept. Medium quality has little attention. Fowl wheat is not so plentiful, and meets fair demand. Prime milling, 3s lid to. 3s lid; medium to good, 3s 6d to 3s 8d; best whole fowl wheat, 3s 3d to 3s 4d; medium, 2s lOd to 3s 2d ; broken and damaged, 2s 3d to 2s 9d per bushel (sacks extra). Potatoes. —The market is not heavily supplied, and prices are firmer, best being worth £l2 to £l3 per ton. Chaff.—A few consignments of prime oaten sheaf are coming forward. These are in good demand, and sell readily at £4; choice, £4 2s fid to £4 ss; medium to good, £3 5s to £3 15s ; light and discolored has no demand, and is difficult to place at £2 to £2 IDs per ton (sacks extra).

Stronach, Morris, and Co., Ltd., report for week ended January 14 as follows: Oats.—There is very little business being done in produce of any description, and quotations arc practically nominal. Quotations: Prime milling is worth from 2s 2d to 2s 3d; good to best feed, Is lid to 2s Id inferior, Is 6d to Is lOd per bushel (sacks extra).

Wheat.—Millers are not very keen and farmers are not willing to sell at prices offered. . Prime milling, 3s 9d to 3s lid; medium to good, 3s 6d to 3s 8d; best whole fowl wheat, 3s 3d to 3s 4d ; medium, 2s lOd to 3s 2d ; broken and damaged, 2s 3d to 2s 9d per bushel (sacks extra). Chaff. —There is very little about, and prime lines arc worth up to £4 ss; medium to good, £3 5s to £3

15s; light and discolored is not in demand, and is hard to sell at £2 to £2 10s per ton (sacks extra). Potatoes.—The market is very short, and supplies from Oamaru are worth, from £l2 to £l3 per ton (sacks in).

WOOL

Christchurch, January 13. The third wool sale of this season’s series was held in the Alexandra Hall to-day, when 27,096 bales were catalogueda record for a Dominion sale. The wool was somewnat heavier in grease than that offered at the two previous sales, as the last few weeks of warm weather before shearing had been more favourable to its development. There was an attendance of about 50 buyers, ail sections of the trade being represented. It was feared that there might be a further decline upon the lower prices recorded at Napier and Wellington sales, but there was no further weakening ox values. On the other hand, fine wools sold well up to the level of those realised • at the December sale, and if there was any reduction in the actual figures it was mainly due to the heavier condition of the wool. Medium wools were scarcely so firm,- and crossbreds, especially the coarser and heavier descriptions, were par to a id lower. Best pieces sold wed, but other descriptions were irregular, and generally easier. The bulk of the wool went to Continental buyers, the local woollen mills,- and local speculators. Bradford representatives were .operating very cautiously, and only on the cheaper lots. American competition was almost absent beyond a certain, limit, and little wool was secured for this quarter. The offerings comprised a number of large clips, as well as farmers’ lots, and among the former were many of . the best half bred and Ccrriedale clips from North Canterbury. A good clearance was effected of the catalogues submitted, competition being very keen.

Stronach, Morris, and Co., Ltd., report for week ended January 14 as follows: Rabbitskins.—Our next sale will be held on Monday, February 3.

Sheepskins.—We held our sale to-day, when we offered a small catalogue. .' Owing to the wool sales the attendance of buyers was small. Bidding, however, was fully up to late rates for good skins, but dead and inferior showed a reduction in price. Quotations: Best half-bred, B|d to 9j|d; medium to good, 7|d to Bid; dead and inferior, 6Ad to 7|d; best fine crossbred, 8d to B|d; medium to good, 7d to 7|d; best coarse crossbred, 7|d to Bid; medium to good, 6fd to 7jd; dead and inferior, 6d to 6|d best merinos, 7d to 74d; medium to good, 6]d to 6|d ; best pelts, 5-|d to 6|d; medium to good, 4-1 d to s id; inferior, 3Ad to 4d; lambskins, to 7d. ~

Tallow and Fat. —There is a good deal coming forward at present, and this is readily cleared at late rates. Quotations: Prime rendered tallow, 23s to 25s 6d; medium to good, 20s to 225-6 d; best rough fat, 18s 6d to 20s 6d ; extra, to 225; medium, 16s 6d to 17s 6d; inferior, 11s to 14s 6d.