COMMERCIAL.

Otago Daily Times, Issue 13846, 8 March 1907, Page 4

COMMERCIAL.

LONDON MARKETS. Press AEBOchUqn—By TolcfirnpH—Copytijnt. LOSBON, Jlarch G. Wheat: An Australian cargo was sold at 30s 3d.At tho tallow sales 1077 casks were offered, and 803 sold. Mutton: Fine, ?,!)a Sd; medium. 3Gs Gd. 13ccf: Fino, Ws Cd; medium, 35a Cd, Silver, 31Jd per ounce. oTHE FROZEN HEAT itAHKET. (Per United Press Association.) NAPIER, March 7, Tho C.C. nnd D. Company to-day cabled' tho'fallowing report regarding Ihe'frozen meat market:—"A further general decline has taken place in values, duo to heavy stocks and shipments afloat. Quotations:" CanterImry mutton, 4Sd; Nmiier. Wdlitiffton, aud Noith leltmd, 4d, Lamb: First, 5Jd; second, 63. Beef: Hinds, 3|d; fores, 2Jd." o HIDES. Preia Association—By TtUgrivih— CopyrigW. MELBOURNE, March 7. (Received March 7, at 11.16 p.m.) Tho hide market is very strong. All Ibo catalognio,i lmvo been cleatcd. SOUTHLAND OAT ITAJRKET. (Pin Unitid Pots 3 Association.) INVBRCARGILL, March 7. A -number of sales of new season's oafs havo boeu mado this week. Very high prices hava boon given by buyers, several of whom bail from tlio nottb. For ono very bright nud heavy lino a buyor gave 2s id on trucks at a n«\r station, nnd other growers have received fiom 5s 2d to 2s !Ud, nccordiiiß to quality. Buyers do not anticipate that these prices will lie nmintairod, the opinion being that tho early cleaning out of last Benson's stock has induced a marked rise. • SHEEP SALE. (FROM OUB OWH ConnSSPOTOENT.) OAMARU, March 7. The annual sale of sheep at Otekaiko today was largely attended l by buyers from all over Cimtorbury and Otago. The sbeop wero hardly in the sa'mo condition as in previous years, but wore nevertheless surprisingly good considering tho season. Values were fully up to those obtained at rcccut sales in Canterbury, but were 2s or more abovo those lately iiiliug in Otago. Tho following were tho prices loilised:-"Four-tooth halibrcd ewes, IGa 2d and 15s IOd; two-tooth halfbred ewes, los 3d and Its 9d; full-mouthed lialfbred owes, 10s Ed and Uβ 2<l; four and six-tooth halfbred wethers, 125 Sd; two-tooth crossbred wethers, 8s i<\; two-tooth halfbred wethers, 103 4d; thrce-qiiartcrbred lambs (mixed sexes), 103 sd; halfbred do, 8s; halfbred wether lambs, 03 9d and 9s 7d; halfbred lambs (mixed sexes), Cs 'Id; full-mouthed merino ewes, Gs 4tl. A Inrgo lino r,f full-mouthed merino wolhers from Otemalata. brought Us 3d, and old merino wethers 23 Id, Tho bulk of tho sheep wont to Canterbury. <$. PROPERTY SALES. The Otngo Farmers' Co-operative AsEociation of New Zealand (LM.) report:—Wo offered and sold yesterday the farm known as 13roadacrcs, at North-East Valley, contain-ing-50 acres, with buildings, crops, and iniproveiiMiits, also tho whole of tho dairy herd, dairy utensils, farming plant, etc., by order of the trustee in the estate cf tho late Johanna. Collins. There wa3 a ■ good attendance, and spirited competition. Bidding was started at jCIGOO, and rose lo £1000. at which price tho property was knocked down to Mr Thomas Collins. j . ' Messrs James Samson anil Co. held a sale, by auction at their repms at 7.45 last evening, when they offered the section in the new township of llolmis, Sawyers' Bay. There was a large number of Port Chalmers and Sawyers' 15ay people present, and the bidding seemed brisk for the frent sections, with the following results:—Section 23, £&); section 22, £65; section 21, XGO; section 9, £57; section 8, £G3; section 7, £31; section 6, £55. Section 5 was' Withdrawn by the vendors nt. ffil, also sections 3 and 4. Section 10 brought £57 and section 07 £2G. The other sections were withdrawn. ■McFsra Todd Bros, and Co. report having sold, en account of Mr James M , Hurry, at a very satisfactory price, lo Mr George N. Haugli, of Dunroiiiu, his farm of 2GS acres 3 roods 2,1 poles, being sections 11, 2.1, and 23. block V, Circenvale survey district* ami situated within three miles of lieriot. The farm is in firnt-c!a=s heart, Mcssre E. L. Macassey and Co. yesterday disposed of at auction a shop and dwelling at Burnside, with half an aero of land, for £245, (ho purchaser being Mr Chas. Samson, sen. The pamo firm also offered the Ccffeo Palace Hotel at Balclntha. Bidding for this property reached £1150, nt which figure, tlio reserve not being reached, it was passed in. Several city a:id suburban properties were ala offered, but passed in, the reserves not being readied.

WOOL SALES.

LONDON, March 6. At Hie Antwerp wool sales there was a good attendance, but a poor selection. Merinos and fmo cros?breds were firm, but prices wero upchtuiged compared with January sales. Medium and ordinary crossbreds wero neglected at Id lower. Seventeen hundred and sixty bales of La Plata were offered and !)G7 sold. DUNE DIN SALES. LAST SALE OF THE SEASON. Tho fourth and last wool salo of tho present series was held in the bonrd room of the Agricultural Hall Buildings, Crawford street, yesterday afternoon. The catalog™ submitted comprifed briween 703 and SOO bales, principally farmers' lots, oddments, lato shearings, and irregular in quality. The attendance of buyers was not so large as lit previous sales, but the bidding, as a whole, was spirited, and good lots rcalisrd the level of prices obtained in February. Competition for indifferent lots was not keen, however and prices for this class of wool wero lower than at crcvous sales. Tho small catalogue was speedily disposed of, and the sale did not occupy two hours. The following reports of brokers givo details of some of the lots offered anil price? realised:— Tho A'ew Zealand Loan and Mercantile Agency Company (Ltd.) report:—Our catalogue comprised 213 bales, tlio whole of which wo quitted under the hammer. Prices wero about on a level with the sales held in February, but the estrcmo figures then secur<-d were, of course, not obtainable at. tho present sale, owing lo the quality of the wool not beiug so good. 'What was offered to-day consisted cliiefly of stragglers' .wool, and values wore tiicrefore considerably affected by the clips being seedy. Our highest price for lrallbred was 13d. 'This was secured ior ft very nice lino of wool from Mr M'Leod's Lome Peak Station. Fine crossbred realised lip to lUd. while halfbred pieces brought 10M, and crosslink pieces 10d. The following aro prices realised ior some of the clips: — L.'over -• . 2 bales hnUbred 13d. 2 second combing halfbred 12d. 1 first combing merino lid; GS in square. S bales first clothing halfbred 12il, 13 do fine crossbred Hid, 8 second combing halfbred lljd, 15 do crossbred IOJd. 3 first combing Ihrco-quarterbred lOJd: CC in diamond, 2 bales halfbred pieces 12! d, 5 first pieces crossbred lOd. 15 crossbred pieces 3d; Nokuuiai. 2 baie3 first pieces hallbrod 101 d, 2 second pieces crossbred 10d, din?) , fleece 10d. Strouiich, Morris, and Co. report:—We submiiUxl n small catalogue totalling -JO ba'.es and .14 bags. There was a smaller attendance of buyers than usual, several having left for Home, but competition was very animated, and wo had u most satisfactory salo. Compared with previous sales, values all round wero higher, nnd we regret that we had not a larger catalogue to offer. Tho offerings were mostly stragglers and oddments, and oiir top price wa? 13Jd, paid for 2 bales of halfbred. We also sold haltbred at l'»d, 12.U1, and 12d. and crossbred up lo 12Jd. The National Mortgage and Agency Compaiiy of New Zealand report that they sub-

mitted a catalogue of 251 bales, put oi a tofai offering of about 7CO, and: sold tJie lot with the exception of 10 bales. Tksir catalogues was made up of late shorn farwi'-rs' clips and tho final shearing from the weH-known. Teviot Estate, comprising 173 bales, -fliia elicited spirited bidding, and sold na follows : 2 bales half and quarter-bred,-133d; 13 baJds, halfbrod, 11 jd; 18 biiles halfbretl hogget, Hid;' 3 bales second halfbred pieces 9Jd; 19 bales halfbred bellies, 92d; G bales third halfbred pieces, B}d; 9 bales stained linJfbrcd l)ieCo3, 7Jd; 18 bale 3 halfbred locks, o>d; 2 bales fusK combing merino, lid; G bales combing merino, lOJd; 10 tales second merino pieces, IOd; G bales merino necks, lOJd; 10 bales merino bellies, BJdj 7 bales tbird merino pieces, 7jd; 13 balc3 merino locks, CJd; 2 bales combing crossbred, lid. Comparwl with last salo prices wero fully maintained. The Otago Farmers' Co-operative Association (Ltd.) report: There was a, good oliendance of buyers, and prices were about on a par with those ruling at Inst sale, in some, instances a little higher. Our catalogue, being composed of farmers' lots, contained nothing of exceptional quality, ajid we have no high prices to record. For n small line of scoured wool wo obtauied: Ist pieces IGJd, Ist pieces halfbred IGJd, bellies and locks 13Jd. Messrs Dalgoty and Co. report: We offered 150 bales. Thore wag a good attendance of buyers for this lime of the year, and competition for all on ofcr was very good. ■ Thebulk of (bo wool offered was of inferior to medium quality, somo of it being very rough and seedy. For medium and inferior cross: breds prices wore quite equal to those ruling at last sales. Pieceß were alco in good denißiid, nnd brought full rates. Messrs Donald Ueid and Co. report: The ontjies fot thi3 sale ware on a very Jintiieel scale, and consisted chiefly of oddments anct late shearings from stragglers. The condition of the offerings was very irregular. There was a fair attendance of bnyers and satisfactory competition. Considering the ehmactor nnd condition oi the wools very full values , ', wero obtained. The catalogues of the several bickers amounted to some 800 bales. Our own catalogue, which was mado up entirely of oddments and late-shorn clips, contoincd'llO lota—bales, fadges, ond bags. Merino wool sold up to 10d per lb, come-back wool to lHd per lb, crossbred wool to lljd per lb. The demand for pieces and locks was somewhat disappointing, and prices were rnther easier than at our last sale. Pieces sold up lo 8(f per lb, and locks up to 5Jd per lb. Messrs Wright, Stephonson, and Co. report an follows: A total of somo 800 bales was offered to a very large gathering of buyers. Bradford, tho Continent, and tho local trade wero all well represented on the benches, nnd all wore keen, to do business. Our catalogue comprised 101 bales and a largo number of bags. The bulk of the wools offered, as is usual at this tiino of year, were more or less "Beedy," but even this did not appear to retard the bidding, and the prices paid, as compared with-figures ruling at the previous fixtures of the season, in most cases showed a decided improvement. It is rather a difficult matter to draw comparisons between tho prices at which tho clean wools offered in December, January, and February wero sold ami the figures realised, for tho stragglers' wools forward for thin series, bub we- givo our estimate as under:—Merinos, Jd to j<l per lb advance; Lalfbreds, nt par to Aii per lb advance; crossbreds, U to Jd per lb advance; merino and lislfbred pieces, at par to Jd advance; crossbred pieces, at ?.& to Id advaucc; locks, at par.