MARKET REPORT.

Wairarapa Age, Volume XXXI, Issue 10713, 18 November 1912, Page 3

MARKET REPORT.

I Juuics Maciiu.; .isli and v..;., ~.,-, _• t\: i .--.v.'ctl tho folio ving t t>Jli ; . ..,, Clj; :, !( J.O..(h)iS y-gOJJta.- ,v . ';... -,uie. Lave continued to pn. 0 . .. - • .... .-ooc s .pin't. j.;O£?U COlllpftuiui. u.„.;.1i1g tin •'-•ijiy auctions. Ciii%: v an jI ' • [ -iinojitnl account, .at fully ht m rates: '":•'.'<..! sinc:> tne outSi fc prices have hardened to the extent of r.hout o per cent, especially on good combing greasy descriptions. Scoureds are also in good request at 5 per cent to 'i per cent advance. As far as crossbreds are concerned j Die best halfbrcd, and fine, crossbreeds suitable for the American dcJ maud which in do very extreme rates | Is to l.s lid during the earlier period of last scries, sho.w no change, 1.,-..< but are fully linn, the more wast.y parcels which were selling at and now making fully Id per lb. more •iind sometimes a little more. Medium and coarse descriptions are also , meeting with keen competition .at , •") per cent to 7i per cent advance, the , latter showing the fullest appreeiai tioji. Scoureds and slipes in spite of j tho ln>avy daily oiferings are well competed' for at an average advance of •') per cent on the liner grades and , about 7rJ- per cent on the coaser qual- .' ities. I'Voy.on Meat.—During' the past i month the general tone of the market ] has been very slow, the high prices j ::sked curtailing the demand. Values at quotations given continue to re- i I main linn and supplies aro strongly', j held in anticipation of higher prices ■ i" the near future to which position more attention is given than to the present situation. "" During the Jast Tort night the increased value of mutt.i.'i has had the effect of stopping the demml to a certain extent and the result has been a slight setback in prices. The demand for lamb has been ( very low also. Dutch and home kill- 1 id meat being frequently sold at lower rales than those quoted for frozen. ■ The l.eef trade is not brisk hub prices eon: rally .-ye maintained, and there i. ;: IVeiing c.f c.iii nckmcj in the futnro of the market. We quote present; values en Smit'hfield neininaliy: Xo-.\ Zealand mutton, 2s Stl and 3s 2d; Nov. Zealand lamb. 3s Hd and -Is per stone; \.Z. l.eef (foi\s), 2s and 2d ■ 2d; X.Z. beef (hinds), 2s Od and 2s l : Bd per stone. / Sheepskins.—- The auctions were /■ 1' 'd e-i the JSt-h and .U>th ult., when ' in all 1 1 .ivi'i bales were offered brtttliis ■ (jii.iniity included 2639 bales South : Anierican skins leaving about 9200) iv.'i.'s Australasian 'kinds, of which , 27:)') bales comprised New Zealand descriptions. There was a large attendance of buyers from d] sections of if;.' I'.a.le. the American buye-s competing freejy for the crnssbreds. , Prices of full-woolled merinos and . !';:ie crosslireds advance 2i to 5 per • ; ■:'.. and <o:irso crosslireds 5 per iiii.. whilst pelts likewise approciat- ,; *■ :,;■•;• cent., but other merino . 1 ;:: ! .. were unchanged. We quote, ruling prices as follows: Merino, full- j; wooled 7d to Hid per lb, I to 3 wool- j' led Od to Hid, short and shorn 3'Jd J !o fi.'Jd; ciossbred. full-woolcd, fine 7ld to 9:! d per lb, full-woolled, coarse 7':l !.> n:;d, i to -3 wool led. fine 7d to ■ O.'d, ito ':{ woolled, coarse (sid to 9-Jd, : sbort, ami shorn 4i to 7:} d. The - next ■. sale': will take place on the 31st inst, • Tallow. —During the period 'under review four auctions have been held. , ah which 1.1.021 casks were offered '• and 071)7 casks sold. Although sup- ( plies have been fairly heavy, demand J' lias been very good ; prices" have con- ' •-.rqupulS- advanced all round, espeoi- . ai'v iii ihe cvse of mutton deserin(ions. which mark an appreciation of _ Is i)d per cwt, but mixed sorts have not similarlv improved, and show on'v an advance of (xl to Id per c\\;t. V\'. : quote present prices as follows: '. Mellon, good to fine 30s to -10s Od, do. IVir to good 3Hs to 30s per cwt; ) 1„,..;■_ ;;,;., ;>7 S 0d to 30s. do. fair to <i—A. 3 l.s (id .to 37s per cwt; mixed, , .err:d 3os. to 3os Cd, 'do. dull to fair '."A, I ;r>- i)er ewt. Stock during the montli. have increased 1170 casks, the ill/ores -being: Landed 17,022 casks, . delivered 10,3-13 casks, and stocks on +!■;* Ist inst. stood at 21,120 casks, ■■ whilst shipments from Au.straliiisia I'm- Stptrmber are advised at 3100 tons, age.inst 5900 tons for th? same period, in 1011, and 4500 tons in 1010. . On c.i.f. terms (|imtations are 32s Od ; to 31s (id for mixed, 35s to 37s for beef, and nominally 3Ss aiu'i upwards for mutton. Duiing the past monfh a large business has been passing in all descriptions of Manila iu'inp, whilst prices have been steadily rising. New | Zealand also has been in very active ;!.".n:;.-:l. and prices have improved ; about 30s per urn. Doubtless several r".!sons are to l»o found for this im-

proved state of affairs, and the much higher prices which arc now ruling, , but undoubtedly 0110 reason is that "fair current" Manila which in the past lias been largely used for binder twino making, is now of -such indifferent quality that manufacturers are again turning their attention to New Zealand, the latter from the nature of its fibre being the. cheapest article at present in the market. Sales have this week been made of "good fair" at £29, "'high point fair" £2B, and "fair" £27 10s. These prices must prove highly to the* producers in the Dominion after the low figures of the past two seasons, and will doubtles stimulate production, whilst for reasons above mentioned, it Is to be hoped that the demand for the New Zealand article will continue. Stocks, 553 tons against 956 tons for the same neriod last year. Polts.—Little or no change in market conditions has taken place since our last rcnort. The season is nowdrawing to a c.!ose. and all arrivals meet a ready sale at fully late rates. We present prices as follows: Prime crossbred (extra large) 38s to 425, prime crossbred 32s to 38s. Ist crossbred 26s to 325, 2nd crossbred 20s to 28s. extra lambs 20s to 235. 2nd lambs 9s to Ms;,prime halfbrod 28s to 325. Ist halfbred 22s to 265, 2nd halfbred TBs to 235; Ist merino 10s to 14s. 2nd and 3rd merino 4s to 9s, Ist lamb:; Ms to 19s.