MARKET REPORTS.

Lyttelton Times, Volume CXVII, Issue 17290, 4 October 1916, Page 9

MARKET REPORTS.

GBAIN AND' PRODUCE. CHRISTCHUBCH, October 3. Tho wheat market, shows no change from last report. Merchants report tho purchase of small lines of "odds and ends" of wheat from farmers, but there is very little offering. No merchant or miller appears to be looking for business sufficiently to advance the price, -and holdero aro apparently content to wait. The generu! opinion seems to be that, in view of the reported excess, there will bo little movement in tho markot this year, but it is always risky to mako predictions concerning the grain market. The Koromik'j, loading to-day, is taking a fair quantity of wheat for northern porta. Thero" is a decidedly firmor tone in the oat market, due to buyinp; operations in the south. The contracts made for forward supplies by northern houses have iu many cases expired and tho ruorchanis now have to come on to the South Island market for supplies. Tho activity does not affect Christchuroh very much, as Canterbury has practically no oats '- , Potatoes remain at tho level of baturdays quotation, up to £6 15s a, ton. There are verv few offering* Orders continue- to come forward from the North Island, but not for large quantities." The following quotations •*• for purchase* from farmers, net cash, sacks extra, de livered at country stations, the figures ior the corresponding date of 1915 being also given for purposes ol comparison:—

EGGS. At the auction gale of "Feather Brand" guaranteed fresh eggs, sold yesterday on behalf of the Canterbury Efcg Farmers’ Association, there was a large entry and every lot was sold. First grade hen eggs realised Is Id per dozen, second grade la to Is IJd, and'duck eggs Is OJd to la id. RANGIOBA. ' .There was a fuil attendance at the Rangiora market yesterday. Only 403 sheep were yordod, 163 being fats. The quality was somewhat better than last week’s and good prices ruled. Fat ewes s6ld as follows: For R J. Robinson, 52 at 23s 2d to 81s 3d; for J. AY. Foster, 17 at 25s 3d and 20 at 235; for client, 21 -at 21s 6d. Wethers: For It. J. Robinson, 11 at 36s and 11 at 33s 3d; for A. IFlntosh, 10 at 33s and 20 at 31s Cd; and .for Hcndy Bros., 7 ot 21s 3d,- Stores; Wethers, 21s 3d' to 235; ewe hoggets, 21s Cd to 30s lOd. There was a yarding of 69 cattle. Fat steers sold to £l4, fat cows £9 to £l4, fat heifers £7 10s to £9 10s, 18-month-old steers £i ,10s to £6 15s, heifers £3 10s to £5, yearlings £2 10s to £3 10s, storo cows £4 10s to £3 'los, springers and milkers £6 to £l3. /About 100 pigs score pennjd. Baconers mado 70s to 100 s, porkers 58s to 60s, stores 495, and small pigs 18s to 30s. In the produce yards, heavy cross-bred sheepskins made 3s to 12s, medium 6s to 9s, light 3s 6d to 6s; merinoes, 3s Gd to 5s Cd; .pelts, 3s; calfskins, 3s to 4$ Odj yearlings' skins, 11s 3d; hides, BJd to 10Jd lb; fleece, wool Is to Is 2d; crutchinga, lid; pieces, 9dj fleece wool, is; horsohair. la Id; fat, 2jfd. In tho poultry pens roosters made 4s to 12s, liens 3s 6d to 9sj chipk wheat, is 6d to 5s a bushel; oats, 3s 3d to 3s Cd; peas, 5s Gd; bran,'6s a sack; sharps, 13s; wheatmeal, 15s; barley meal, 15s 6d; oatsheaf chaff, 4s; strawchaff, 53; potatoes, 9s to 12s; parsnips, ss; carrots, 3s Cd; apples, 9s a case; tomato plants, Is a dozen. ASHBURTON. There was a yarding of only 552 sheep at tho weekly stock sale held at the Ashburton yards yesterday, as compared with 1723 at the Tinwa.d yards last week. This included 70 fat owes, 70 fat wethers, 21 fat hoggets, and 391 6tores. Owing to the small yarding there was a good demand, and ail the-yarding was sold at auction at fuil market rates, ewos making up to 3Gs 3d. wethers to 36s Cd, and hoggets to 25s 9d. The following prices were obtained:—Prime fat owes 3<s fid to 36s 3d, others 23s 6<l to 245, shorn ewes 20s Id. wethers 33s 3d to 36s €d, and hoggets 22s Cd to 25s 3d. Sales were:—Ewes—24 at 3fis 3d, 7 at 23s Cd, 27 at 34s 6d, 10 shorn 20s Id; wethers—3o ot 36s 6d, 33s at 38s 3d; hoggets —lB at 25s 3d, 3 shorn sheep 22a Gd. The yarding of store sheep consisted of a lino of wether hoggets and three small lines of ewes with lambß. There was a fair demand, and all were sold at auction as follows:—24B half-bred wether hoggets 225, 26 fai.ing-mouth half-bred ewes and 31 lambs (all oounted) 17s 7d, 52 failing-mouthed halfbred ewes and 60 lambs (all counted) 17s, 6u failing-mouthed half-bred ewea and 69 lambs (alt .counted) 17s. There was a small yarding of cattle, a Holstein cow springer making £lO, five young steeTS 15s each, empty cows. £0 and £7 ss, two young store heifers £3 45,. cow (springer) £l2 6s, cow in profit £3 15s.

TEMTJKA. The yarding of sheep at the Temuka stock sale total'cd 485, against 560 at tho sale held on September 19. The quality of the weathers was very good. A line of 18 belonging to Mr G. Brown, Temuka. brought 87s id. A fine lino of wethers were passed, tho prices not reaching the reserves. The following prices was obtained:—Ewes—lo at 17b Sd, 10 frcm 25s to 27s Cd, 48 from 28s to 30s, 20 at 31s Bd, 10 from 34s 6d to 355; wethers—B at 32s 6d. 47 at 335, 54 at 33s 6d, 19 "at 33s 9d, 54 from 34s 6d to 35s Gd, 20 at 36s 6d, 10 at 36s 9d, 16 at 37s 4d; 111 hoggets at ISs 3d. The varding of cattle totalled 105, against 58 at the last sale, 37 being in tho fat pens. Fat cows brought from £lO 15s to £l6. fat cows (empty) £5 12s to £6 15s, heifers £6 10s to £lO oh. Jersey heifer £4 4s, store heifers £.> 5s to £5 16s, springing cows from £7 10s to £8 17s 6d, calves 10*s. Tho prico of pigs was very high, weancrs wiling irom 23s to 345. Porkers £2 os to £3 3s. SPRINGSTON SALEYARDS. Messrs Pyno and Co. report as follows: At the abovo yards on Mbnday there were yardod 1120 sheep, 60 head of cattle' and 50 pigs. There was a big attendance of buyers, and good competition, late valuta being more than maintained. The principal sales were as follows:—68 fat wethers 32s lOd, 33 do 355, 62 do 31s 6d, 97 ewes and lambs 20s (all counted), 207 do 15s 3d (all counted), 200 wether hoggets 245, 146 do. 25s 7d, 145 forward* wethers 27s Id, 128 aged cwts, with lambs, 15s <sd (oil counted). There was a keen demand for all the cattle on offer. Fat cows fetched up to £ll, cows, near calving to £l4, empty cows from £3 10s to £7 ss, yearlings from £3 15s to £4 12s 6d. Piga were in medium supply, and. realised very high

prioas. Woranar.s from 02a to 339 per head, very rural! etorw up to 40» per head. There ■eras a largo entry of grain, grass seed nrnl produce, potatoes, tablo and seed, soiling from Ss to 12s peT sack, Italian ryegrass seed at 7s per bushel, seed peas 22a per sack, 230 STOCK EXCHANGES. CHRISTCHURCH. The following are the latest quotations: £ a. d. £ «. d. Buyers Sciion.

OTHER EXCHANGES. [Per Frjhs Association.] AUCKLAND, Octobor 3. Sale—Union Steam Ship Company (prof) 21s 3d.

WELLINGTON, October 3.

Quotations. —Murray’s Freehold, sellers 20s; Success Dredge, sollcrs 30s; Talisman, sellers 9s 3d; Wailii, buyers, 3Gs; New Zealand Shipping (preference) buyers £lO 10s; Kaiapoi \Vpollen, sellers 12os; AVestport Coal, sellers 29s 9d; Westport-Stoekton {preference), buyers 10s Gd. SOUTH BRITISH INSURANCE COMPANY. The animal report of tho directors of the South British Insurance Company shows the position for the year ended August 31, 1910, to bo as follows (shillings and pcnco aver-

The balance-sheet shows that the company has invested £93,840 in tho Imperial war loan ».t 4i per cent, £737000 £ n Imperial exchequer bonds at 5 per cent, and £IOO,OOO (of which the first instalment of £25,000 figures in the vear'R accounts) in the New Zealand war loan at 4J per cent free of moome tax.

Oct. a, UCt. 4, 1916. 1915. 1. d. • s. A s. d. i. 4. Wheat (nominal) Tuscan 4 7 to 4 8 Hunters 4 10 to 4 11 4 3 to H Pearl B Oats Gartons 2 1 to 6 2 7 to 2 9 3 10 to i 2 Algerian* a 10 to 8 0 4 8 Duns 2 • 9 to 3 0 ■1 2 to 4 6 Danish None offering;. Barley (malting) (nominal) 6 0 to 5 3 5 3 to 6 3 Peas— " Partridge None offering. 6 0 Bran 80 0 105 0 Chaff (nominal) 100 0 Oatmeal 310 0' 420 0 Pollard 540 0 120 0 Potatoes 1 "0 0 to 13S 0 145 0 * Flour 250 0 2G0 0 Seeds— Kyegrati B e .. S « to 6 0 Cocksfoot (121b) 0 9 to 0 11 0 61 to 0 7 W. Olovar- ■ .(farm dr'ss'd) 1 6 to r 3 1 0 Cowgrais 0 8 to 0 10 /o ei to o 1 Dairy Prodne*. Oct. 8, Oct. 4, 1916. 1916. •. d. a. d. Dairy faotory oheeie . 9 11 0 101 Butter— Iiocal Factory (1st grade) 1 T 1 5 Farm separator . 1 a 1 1 . Farm, dairy • . 1 2 0 11 flams >• - . 1 1 0 10 Bides . . . . on 0 9) fioli'Hams . . . i 4 0 10i Lard Pate . i 1 OK £ggs Prices quoted • . . 0 11 0 11.to 1 0 for butter aro less discount

BANKSAnawalasi* (cum div.) 120 0 l> Commercial (pref.) 5 15 0 Now Zealand (fully paid) 17 0 6 New Zealand 6s fid :>nid) • ■ • 11 4 6 DEBENTURES— N.Z. Refrigerating (6 per cent) 100 10 0 OOAL--Stockton 0 6 0 0 6 6 Stockton (8 pox cent preference) . 0 10 6 FINANCIALN.Z. and River Plats Land Mortgagea l 0 GASGisborne (ex rights) 1 0 0 INSURANCE— New /iea'.and . . C 11 0 SHIPPING— Huddart-Parkor (6 per ceut prcforonco, ex 1 0 0 Union 2 '2 a 2 9 a Union (6J per cent pref.) . . 1 1 0 WOOLLENS— Kaianoi 6 1 0 6 10 0 UIS'JELLANEOUSD.I.C. (6 per cent pref.) 1 0 s N.Z. farmers' Co-op. (6 per cent 1st pref. cum div.) 5 5 0 MINING— Junction . .' 0 16 0 M'jUTit liyell 1 6 0 1 7 6

aged): — £ Baknco brought forward . . . 48,11!) Profit on underwriting . . t . 71,22t Interest and rents . . . . 43,511 £162.854 Part of this-has been dealt with as follows: — Added to reserve . . . -10,000 Written off Investments . 21,263 Auckland leasehold tanking fund ,••--. ■ . • . • - ,w London leasehold sinking Officers' provident and superannuation funds . . . 4,53* . Interim' dividend 2s 3d per shave . .... 02,500 83,725 The directors recommend ft further dividend of 2s 3d, making 15 per cent for the ycir, which will ab22,500 Lenvinir balance t? oarry forward . £51,«23