COMMERCIAL.

Stratford Evening Post, Volume XXXIII, Issue 16, 16 May 1912, Page 8

COMMERCIAL.

THE WHEAT MARKET. (By Electric Telegraph.—Copyright.) {.United Press Association.) London, May 14. Wheat. —An Australian cargo sold at 40s. Sydney, May 14. Bran lias sustained a further ad vance of os. THE PRICE OF SILVER. (Received 15, 12.10 pan.) London, May 14. Silver 27 15-l Gd. FROZEN .MEAT. The New Zealand Loan and Mercantile Agency' Company, Limited, have received the following cablegram from their London house under date 10th instant:—EroKOn Meat: Tim demand for mutton is improving, the market for he of is firmer, and shows increased firmness for lamb. M.Z. Loan and Mercantile Agency Gc.’s Report. The N.Z. Loan and Mercantile Agency Co., Ltd., Stratford branch, report as follows: On Tuesday, 7th inst., we held our usual fortnightly sale in conjunction with Messrs. IV. H. H. Young and Co., when we had a small yarding of 650 cattle and 130 lambs. Store cows came forward in greater numbers than usual. Prices were as follows:—Store cons 32s to £3 17s, forward cows from 01 2s to £4 135, ; fit cows £5 to £5 Bs, weaners (small,' 23s fki, weancr steers 30s 6d to 3Gs (id, weauer heifers (showing colour) 35s to 45s Gel, 20 month heifers in calf £3 (is to £3 10s, 20 month empty heifers 58s Gd, bulls £3 to £4 15s. lambs 6s. A nice Luc of 16 wellgrown Shorthorn weauer heifers realised 39s to a local purchaser. On Friday, 10th instant, we held our I usual monthly sale at our Kohuratahi yards, when we had a fair yarding of : 286 cattle and IGO sheep. Trices realised were as follows :—Mixed weaners 235, 18 month steers £2 0s to £3 3s Gd, 18 month empty heifers £3 2s, heifers in calf £4, store cows £3 Is to £3 15s, lambs 7s Id, 2 tooth wethers 13s Gd. On Tuesday, 7th inst., we held our monthly wool, sheepskins, hides, calfskins, etc. A fair quantity of wool and skins were offered, the bulk of the wool being coarse crossbred

and lambs. Places for the fleece wool were about n a par with last sale, but lambs’ wool was about )d higher. The following prices were realised: — Course crossbred fleece Gd to Gijd, seedy crossbred fleece to 6)d, lambs from Gd to 7d, crutchings to sd, pieces to 3i}cl, locks to 3.',d. Tho sheepskins, hides, calfskins and tallow were disposed of at full valu.es. During the frock we have sold privately several lines of cattle at the following prices:—Mixed weaners £2 to £2 ss, coloured in calf heifers £5 to £5 ss, and £7 4s Gd for a nice line of 50 sold to Waikato buyers, 3>ear old steers £6, and a herd of dairy cows realised £6 17s Gd. BETTER AND CHEESE. Following is a copy of the dajry produce report (dated April 4 th) received by, Air. Newton King from R. and W. Davidson, Glasgow:—The butter market during the past week has again been very dull and depressed. Although total imports are very small, these appear to be ample to meet all requirements; in fact, at several points we believe some accumulation of stock is taking place. Tho cause of course has been the Je-j creased spending power of millions of; consumers owing to the coal vtr Ice,l

and the' shutting down of other live eg owing to the want of coal. At tl?e moment of writing the ballot of the miners has been completed, and the result is expected to be declared today. it is, however, immaterial which way the vote goes, as all over the country tho miners are now returning to work, and in the course of a few more days, it is fully expected they will mil have resumed. The, trade of the country as a whole lias suffered to such an extent that it will be some considerable time before we get back to normal conditions. The weather during the past few days has been much milder, and Home supplies

are now making their appearance on the market. Continental butters: The demand tills week has been fair at the official reduction. Owing to the Easter holidays the committee met yesterday in Copenhagen, arid declared the quotation as 3 kromcr lower. Danish and Swedish: 'The arrivals of Danish this week show a decrease of 114 casks. There was a moderate demand, and stocks fairly well cleared at a reduction of 5s per owt., choicest T2i)s to 130 s. Siberian: Arrivals this week total fully 3000 casks. The market has been dull and irregular, and juices are considerably weaker, strictly choicest goods are obtainable at 116 s to 118 s up to 120 s, u ith secondary descriptions at 312 s to 114 s. Telegrams received from Siberia show that the market there is again somewhat easier.

Colonial Butters—Australian : Arrivals this week comprise the s.s Orsova with 18,400 boxes, the Suffolk with 9250. The market during the past week has been very depressed, buyers being very scarce; in consequence, juices show a considerable reduction. Choicest quality is now obtainable at 11 (5s to 118 s, with medium parcels very dull at 110 s to Il ls. At the lower prices now ruling there appears to he a little more buying, and we think that for the time being we have got over the worst. Perfect quality unsalted is not plentiful, and commands 120 s to 1225.

Now Zealand.—The demand during the juist week has been excejrtionally slow, and there is still a considerable quantity unsold ex the s.s. Ruapehu, and the s.s. Delphic; juices have again favoured buyers. Choicest quality today cannot he quoted over 120 s, with iinsalted at 122 s to 121 s. Tho s.s. Tainui, with 14,000 boxes on board, is due to dock cud of this week. Imports to United Kingdom.—Tho total figures uj) to 30th March of tin’s year, and for the corresponding period of 1909. 1910, and 1911 are as follows: 1909, 1.111,101 cwt; 1910, 1,101,302 cut.; 1911, 1,205,462 cwt; 1912, 1,130,941 cwt.

Cheese.—Canadian : Owing to the small quantity on offer, the market for tliis gra.de continues Him, choicest white and coloured 75s to 70s. New Zealand: The demand this week has

again been rather slow, and prices show a further small reduction, choicest white and coloured arc now obtainable at 73s to 71s. Imparls to tho United Kingdom.—The total figures up lo 30th .March of this year, and for the corresponding period of 1909, 1910 and 1911, are as follows:—1909, •110.351 cwt; 1910, 127,078 cut; 1911, ■109,709 cut; 1912, 108,980 cu t.