COMMERCIAL

Wairarapa Age, Volume XXXII, Issue 10585, 16 March 1912, Page 3

COMMERCIAL

; PALMERSTO.N STOCK SALE. (By Tclo^rnph—Sprcia! to the Ago.) PAJ/M HUSTON X., Last Nijxht. Mc»sr.> Abraham and- Williams, Ltd., report on their Pahnorston sale yesterday as follows : —A good demand existed tor all classes of sheep, and sides were effected at the following quotations:—2, -I and G-tooth ewes, 12a 8d ; 1 and 5-year ewes, lis 3d ; forward ewes, 9s to 9s 9d ; f.m. ewes, 8s ; cull owes, 3s 3d to us (3d; 2-tooth wethers, 9s to l()s; fat eows, .U5 18s Gd; light fat eows, £"-.! 18s; store cows, ,€3 3s Gd ; springing heifers, Lo 12s. MAHTJNBOROUGH STOCK SALE. Dalgety and Co., Ltd., lield their sale in tlie Martin borough yards on Thursday, when they offered good yarding of stock to a fair attondance of buyers. Bidding throughout was rather slow, lint nevertheless most of the line'-, we quitted at satisfactory prices. Quotations:— Sheep : Woolly mixed lambs, Gs 2d to 7s 3d; good woolly cwo lambs,-10s; culls lambs, 2s Id to' 3s Id; 2-tooth wethers, 12s 3d; sound mouth breeding ewes, 10s; fu-'l mouth ewes, 7s Gd to 9s; rains, to 2\ gns. ("attie: 2£-year old steers, £5 ss; -1-year old bullocks, £G 15s; LJ-yr old steers, £1 ; weaners, mixed, 295. LONDON MARKETS.

Messrs James Macintosh and Co. | have received the folloAving report . from their London agents: —The first ■ series of colonial wool sales for the cm- , rent year commenced on the 10-th i It., ' | and terminated on the 3rd inst., hav- j ing occupied 15 selling days (no sale being possible on two days owing to fog),' during which time 177,015 bales were catalogued, representing a daily averngo of 11,8-10 bales. Of Dhis quaintity it is estimated that 92,000 bales j have been taken for home :<risimption, and about 75,000 bales for ex- j port, including about 7000 bales for ' . America, and some 12,000 bales were ] withdrawn or held over for future realisation. The attendance of buyers throughout have been very good, g whilst keen competition has character- r iscd the biddings in the side room. During the interval prior to-the opening of the auction, the market had been somewhat perturbed by the poshibility of labour troubles, so that under these circumstances the opening was quite as good as was generallv anticipated. Greasy merin-s if the i better descriptions at the.outset show- | cd little or no change on December car- j rencies, although at times selling in sellers' favour, but inferior'and faulty lots sold somewhat irregularly at 5 per cent decline. Scoureds of the finer grades also maintained December , rates, but medium' kinds were generally five per cent lower, and short and i faulty lots 7£ per cent easier. _ ' Ii- crossbreds the offerings comprised a very fair proportion of "o\v clip • New Zealand wools, the condition of j which showed a marked improvement on last season; being bright and in ! light condition, more especially Ihe , wools from the North Island. ..he American section of the trade manites- ( ted keen interest in the medium and , finer grades, and actively competed j for same whereby these descriptions j appreciated about five per cent, the i improvement being most pronounced on tlie finer grades, but other kuu.s, j when not. suitable for Amerie.m re- , quircments, showed some irregularity, ; and sold hardly up to prev.jis level, j The better dots of lambs wool, wuen • of good length, showed 'lttlo or no change, but -short, skirty and seedy lots dec'lincd fully five per cent. ScourI eds and stipes although in somewhat short supply have been a httlo disap- , pointing, for whilst the J.ner grades have remained fairly steady, the medium and course descriptions h ivc sola at a reduction of five per cent. Advices from the manufacturing districts both here and on the Continent have been somewhat disappointing of late, and indicate some slackening m the volume of consumption. On the othti hand it is not generally expected that supplies will be in excess of require- | ments, especially with the possibility of , continued support from the American section of the trade'. The latest Bradford price for tops , u . e : _Crossbrcd, fine 56's, Is odld; medium 46's, Is 2d; coarse 40's, is Id; 36's, Is 03d per lb. Frozen Meat,— During the past month the values of all classes of , frozen meat have remained very firm, and although stocks are very hunted, *they are more than ample for the uemand. Owing to the higher prices . asked, butchers have gone on to tr.e cheaper classes of meat, and many .salesmen feel that it will be very dimcult to get them back into purchasing frozen again, except when it is ahsor lutelv necessary for their trade. Mut- ! ton is very difficult to move now tnat ! quotations are so much above thoae i ruling for selected River Plat and Australian sheep. Old season New ■V Zealand iambs are practically hnishod ■ with, and the enquiries for new seasons are very small at present. Ihere ' have been practically no supplies ot f Sew Zealand beef. We quote present | 1 values on Smithfield nominally :—IS.a. | mutton, best, 2s 8d to 2s lid second 2s 3d to 2s 7d per stone-, lambs, 3s M p to 3s 7d new seasons, 3s 4d to 4s; beef fores, Is lid to 2s Id, hinds, 2s ■ * Gd to Is 7d. Sheepskins:—The auctions were held on the 2nd and 3rd inst., when m all 8200 bales were offered, including 1127 bales Pnnta Arenas, and 352G bales New Zealand descriptions. There was » good attendance •of buyers from all sections of the trade, and with acr tive competition the catalogue was tor \ tho most part cleared. t Merinos showed little or no change i on previous rates, whilst the same remark applies to crossbreds, except the " coarse kinds, which improved id per lb. Lambs skins also are without change. We quote ruling prices as follows:—Merinos, full woolled, Gd to 7>jd ; i and :J-woollcd, 43d to 7d ; short and'shorn, 3d to 5Jd; crossbred, fvdlwoolled, fine, 6Jd to Bjjd; coarse, to 8 J t d; hto :'i-woollcd, fine, GJd <- 7Arl ; . 4id to 7d; short and shorn.

2Jd to 6d. The next sales will tako place on the 24th March. Tallow. —During the period under review four auctions have been hold, at which 4292 casks were brought forward, and 1942 casks sold. The market lias been very featureless and slow; at the same timo prices show little or no change during the month. We quote values to-day :—'Mutton, good to fine, 36s to 36s Gd; ditto, fair to good, 34s Od to 36s per cwt; beef, fine, 35s to 35s 3d; fair to good, 33s Gd to 3-1 s I 9d; mixed, good, 33s 3d to 33s 6d; dull to fair, 31s to 32s 9d. Stocks during the month have increased about 3500 casks, the landings being 11,325 casks, and the deliveries 7817 casks, making the stock on hand a.£ the present time 14,654 casks, whilst shipments from Australasia for January were 3500 tons. On c.i.f. terms, business is very restricted, and quotations are somewhat nominal at 32s for good colour, and 30s 3d for no colour, titre. Pelts. —This market has not shown any particular change during the past month, and last quotations still hold good. Grain. —New Zealand wheat, in sympathy with other descriptions has been in better demand, but supplies here are not heavy. We quote 'ongberry 36s 6d to 37s 6d ; shortberry 36s to 36s 6d per 496 lbs ex store. New Zealand oats met with only a moderate enquiry. Stocks are small, and buyers attention had been devoted to the lighter qualities of oats. We quote: Gartons and Sparrowbills, 22s 6d to 235; duns, 23s 6d to 245; Danish, 20s to 21s per 3201b5, ex store. Butter. —Prices are,somewhat lower, but still stand at 'a high, level. Finest New Zealand, 130s to 1325, good to fine, 126s to 128s per cwt. Cheese.—High prices continue to be maintained, quotations for New Zealand being, best white, 72s to 735; coloured, Is less. HOME MARKETS. The New Zealand Loan and Mer- j cantile Agency Co., Ltd., have receiy- : cd the following cablegram from their j London House:—Wheat, Wo have sold j an Australian cargo at 37s 6d., c.i.f. There is very little demand, and the. outlook is uncertain. We quote- per quarter, c.i.f., New Zealand wheat, ■ longbcrried, 36s 6d, and shortberried, ] 35s 6d. Oats.---Wo quote Gartons 22s Gd; sparrowbills, 225. The market is firm, and the outlook encourag- , i»g-