COMMERCIAL

North Otago Times, Volume CV, Issue 13939, 24 July 1917, Page 8

COMMERCIAL

BRITISH MARKETS. . . (Per Ciblo—Press Association—Copyright.) (Austiahan anil N.Z..Gab]e Association) LONDON, July 21. Lead—lmports, 12,204 tons; exports, 815 tons.

Frozen Meats There is nothing.do ing in rabbits.

! -Hemp-Hair point fair, July-Septem-ber delivery, £O2. • Uubbcr—l'ara, lis 2Ji'l;plantation, 2s "d; smoked, 2s GJd;

Copra—Spot, £43 ss. '■■ The maximum butter prices have been fixed at: Australian salted, 1.985; lihsalted, 201s. New Zealand salted, 200s'; unsalted, 2035. ,

There are many complaints of.short weight in the New Zealand cheese released by the Government, due to it being over-kept in unsuitable storage'. The Government allows 1U per cent, shrinkage of tho market weights, but the shrinkage is frequently 7 per cent., making it impossible to retail it at profitably at]GO. PRICE OF CANADIAN WHEAT . FIXED. (Australian and N.Z. Cable Association) OTTAWA, July I'l. The Canadian Grain Board has iixed the maximum price of wheat at two dollars 40 cents a bushel. SOUTHLAND MARKETS. \ INYERCARGILL, July 21.

The demand for chaff is confined lo

local requirements, The price continues to be remarkably firm, really good

chaff being worth quite £4 15s, on trucks

at country sidings. There unfortunately a good deal of inferior, 'discoloured chaff, for which a ready market is not obtainable. One or two lines have been on offer, for which merchants would not name a price, not altogether on account of inferiority as on account of poor appearance. It is a somewhat remarkable fact this season that some chaff of poor appearance is, however, quite sound and sweel, il:s appearance, .however, making it undesirable from a salesman's point of view.

The demand for ryegrass from the north still holds good, and flu's is hav-

ing an effect on local retail values; 321b seed is considered to-day to be saleable to northern merchants at 7s Od pe: bushel,

The position of the hemp market is considered to be uncertain, Good fair is considered to be worth £54, o:i trucks, for immediate delivery, bar

for forward delivery probably not more than £SO could be obtained. It is doubtful, however, if merchants would do business at either of these prices, liecause of the uncertainty of shipping facilities. It is now generally acknowledged that the possibilities of shipping during the coining year will be much more restricted than during 1017. Business continues very sound in ai! classes of stock, the supply on all sides hardly being equal to the demand. Not only are local people inquiring, but also others from northern provinces are making inquiries, which goes to show that very shortly we will have some northern buyers in.this part of the ])ominion looking for stock. The weather continues ideal for winter, which lias

had a iiimiiig effect on loi-al'pricoa. Tn fact, during the past week sheep and cattle ha\e shown a very firm two,

with, anything' readily sold"/at these' cxtrcmo rates'. It looks'as if there, is no chance'Of the market slackening, bocause, our winter feed now, no matter what happens, will all our stock through the change between turnips and grass,

Prices may be quoted:—Pat cattle: Ox beef, 48s to 4S(s 'Gil; heifer beef, 'lds to 4lis (id; cow beef, 4-ls to 465.

Fat Sheep—Extra, heavy butchers' wethers, 40s to 435; prime,, 38s to 30s; medium, 3(5s to'37s. (id; extra .prime twes, .15s to 3Gs (id; prime, 32s to l!4s (id. ,i Store Cattle—lt' to IU-year-qld' Jiullocks, £l2 10s to £l4 ss; 2i-yenr-ohl' ! £l1 Jss to £l.'!; LMyenr-old, £lolos to £1210s; .18 months .to rising two-year-Old. £S 10s to £lO lis; yearlings, £5 15s to £6.155; calves, £4 to £G, according to breeding anil size.

Store Sheep—Two tooth ewes, 110s to lis; four-tooth ewes, 40s to 425;- sixtooth, 375. to USs; sound-mouth ewe.', Ills to .15s; failing-moiilhcdcwcs, Ills lo 355; failing-month ewes, according to quality, 20s to 20s; older ewes, down to His; mixed sex hoggets, good sorts, 110s to 31s (id; medium sorts, 27s to 2Ss; wether hoggets, 25s to 275; ewe hoggets, up to 325; two-tooth wethers, 35s to 375; four and six-tooth, 30s to 3Ss.

DUNEDIN MARKETS, GRAIN AND PRODUCE REPORTS. DUNEDIN, July 23. Dalgciy and Co,, Ltd., report as follows:

Oats—The market is Very quiet, despite the fad. that offerings from the country are light. The demand is conlined practically to bright heavy samples lit for seed and milling purposes, for which late values are obtainable. Discoloured and feed lines of medium quality are difficult to place. We quote:—Prime milling 4s to 4s lil, good to best feed lis ft! to 3s lOd, medium to good 3s 7d to 3s Oil-per bushel (sacks extra). Wheat.—Very little of any description is offering. Millers are ready purchasers for suitable quality at full (iovcrnmonr ratesN Fowl wheat is in very short supply, and is readily disposed of in small quantities for local requirements at (is to (is 3d per bushel (sacks extra), according to sample. Potatoes—Supplies have been coming forward freely of late, but a large proportion of the consignments arriving are more or less faulty. Frosted linos and those requiring picking are now more difficult to quit, and in order to effect sales lower values have to lie accepted. Choice, well-gr.iilod, freshlypicked lines are not offering so freely, and are in most demand. We quote:— Choice lines £4 I.ls to £.l, medium to good £4 to £4 lfis, faulty lines from £3 per ton (sacks in).

Chaff—The market has been barely supplied of late, and all cousignmen.? coming to hand have been readily sold on arrival at quotations. In the absence, of supplies medium quality has been receiving' more attonlion from buyer?. Wo quote:—Choice, black oaten sheaf to £(i, good oaten sheaf £5 Ids lo £.i I.ls, medium to good £•! lfis I to £;1, straw chaff £', ;ls to £3 15s per I to'n (sacks extra). Donald Reid and' Co., Ltd. report:— We held our weekly auction sale of

{iniin'iiiKr'prailiicc lit.oni' stores lo. : ilh,v> when values ruled as "under;— . ! Oats'.-rPrime heavy. Xlartpiis are,in, demand, but the quantity; Offering-is small, and there is, little business to' repofrt. For all descriptions of feed oats the market is quiet arid sales are not easy to effect, We quote:—Prime milling 4s to 4s Id,.good to best feed ,'ls fld to lis lfld, inferior to medium lis lid lo lis Sd per bushel (sacks extra)." Wheat.—No milling lines are coming on the market, ami fowl wheat is offering sparingly. Best whole'wheat-is in good demand at lis to 6s lid per bushel (sacks extra),

I'otatoes.—The market is more freely supplied, consignments having come for.ward more freely from South Canterbury. The demand for shipment is dull, and.values have suffered a decline, choice table potatoes now being worth .£ls, good to prime £4 10s to £4 15s, medium £4 to £4 7s fid per ton (sacks included),

Chaff.—The demand is chiefly for prime quality, and .consignments of this class command ready sale. Medium and discoloured lots are not in request, but good clean straw chaff has fair enquiry, We quote: Pest oaten sheaf £5 .15s to £3 17s Gd, choice lo £G, medium to good £5 5s to £5 10s, light and discoloured £4 10s to £5 per ton (bags extra).