COMMERCIAL.

Otago Daily Times, Issue 13858, 22 March 1907, Page 4

COMMERCIAL.

LONDON MARKETS. LONDON, March 20. The of the Ban'.i o( Australasia, allows tha-'t tho deposits amount toil 0,002,000: cash aiul other securities, £6,73-1,778; and bills, £15,160,550. Copper: Spot, £105 15s; 1 three months, £107. t Tin: Spot,,£lSß 15s; three.months, £187. Lead. £19 13s 9d. 1 At iho tallow' sales 800 casks were oft'eieil and 'too sola. The American visible wheat- supply is 50,430,000 bushels. — o WOOL SALE-S. LONDON, March 20. There was a spirited sale for all descriptions of wool, the highest price of the series being realised. FROZEN MEAT NAPIER, March 21. Tho C. C. and D. Company to-day cabled tho following report:—" Frozen meat values continue to decline. Lamb has fallen a farthing since last quotations. Canterbury mutton is quoted at 4Jd; Napiej, Wellington, and North Island, 3jd. Lamb: First quality, od; second, -tjd. Beef: Hinds, 3gd; fores, 2Jcl." , s HIDE MARKET. Press Association—By I'elegTaph—Copyright. MELBOURNE, March 21. . (Received March 21, at 11.28 p.m.) There was good competition for New Zealand hides, and late rates veto fully maintained. SHORTAGE OP ROLLING-STOCK. (Per United Press Association.) AUCKLAND, March 21. The difficulty created by the inadequate supply of trucks for the Auckland railways has nov: reached an acuto stage, and it has injured tho frozen meat export trade of Auckland so seriously that the Auckland Fanners' Freezing Company is faced with a decrease in the total weight of lamb frozen as compared with last year, whereas there would have been a' sustontial increase had trucks been forthcoming. To-day Mt J .Barugh, chairman of directors, sent tho following telegram to the Minister of Haihvays:—" At a. meeting of directors of the Auckland Farmers' Freezing Company the following resolution was passed: 'That this company advises the Minister of Railways that owing to the sliortagoftif rolling stock on the AucklandWaikato Section the Farmers' Freezing Company, its clients, and workmen are suffering great financial joss. Fifty per cent, more luinbs, exclusive of delay through floods, could have gone through had trucks been avaliablc, and we ask you for immedinto relief.'"

EXPORT OF AUCKLAND BUTTER.

(Per United Pesss Association.) AUCKLAND, March 21. AVith this week's shipment of butter tho export season l'or the Auckland province closes, and from March 31, 190G, to the present (Into tho total export hns been 133,639 boxes, or 3342 tons, as against 103,022 boxes, or 2700 tons, for the previous year, an increase in export of G42 tons. Last season, at corresponding date, between 2000 and 3009 boxes were in store, while to-day, exclusive of Saturday's shipment, there were 17.5i3 boxes. Taking lest season's holding at 3000 boxes at corresponding date, although it was considerably less, the butter held in store now shows an increase o( 14,513 boxes, or 363 tons, over last season's storage to date, so that the make of butter this season shows an increase of 1005 tons, or roughly il'lo,ooo more money returned to the province. The total make of butter is, of course, not covered by these figures, bccnusc local consumption is not accounted for, nor is tho southern trade counted in, and that is much larger this year than last, owing to the drought in Otago and Southland. The quality on the whole 'has been admirable, many factories scoring second grade last year, having eomo well into first grade this yew. The largest shipment of the season was by the I'aparoa on December 15 (14,751 boxes). The largest shipment of the previous season was by tho Tcyigariro on January 18, I'JOG (0533 boxesV

HtOPIJRTY SALE.

Messrs Donald Reid and Co. yesterday offered for sale by auction a freehold farm of 1330 acres in the Dun'oack district. Tho properly was knocked down to Mr A. M'Lennan at £1 19s per acre. A freehold property of 185 acres in the Taieri districtwas passed in.

HIDE SALES.

.Messrs Stronaeh, Morris, and Co. (Limited) report as follow:!:—We held our fortnightly sale of hides at our stores, Crawford street, on Thursday, when there was an average attendance of buyers. Competition was good, and prices all round were on a par with last sale. Included in our catalogue were several lines ot stout ox hides, and thos'i sold well, our top price being TJd. paid for one weighing 701b. We nlsn sold three 721b at 7jd, two lines of 7311) and 77ib at 7Jd, one of liOlb at 7Jd, and two of 751b at 7d. In cow hides cur top price was G}d, paid for several lines of medium and light, weights. In money value we sold ox hides to 13 4s Id and medium weight cows to -CI 7s Id. Our catalogue totalled 185, and the following arc actual priecs paid:—Prime stout heavy ex hides. 7d to 7Ad per lb; good heavy, G§d to I'id; medium weight, GJd to ii|<l; light weight, 55d to GJd; slippy and inferior, 4Jd to s(d; prime heavy cow hides, none forward; medium weight, 5Jd to GJd; light weight, 5Jd to 6|d;

cut aiul inferior. 31d to Gid; yearlings, 5Jd to f.jd; calfskins, 4Jd to id; horso hides, lis to lis 3(1 each, Messrs Waters, l'itcbie, mid Co. report having hold their 11=11:1! fortnightly sale of hides at their stores, Crawford .street, on Thursday afternoon. There was a good fittolKUnicc of buyers, and competition was keen at late ruling prices. Our catalogue v/as niiide up of t'!G hides, yearlings, mid calfskin?, and we cleared -the lot at the following quotationsPrink l stout ox hides, id to 7Jd; heavy. Old to medium, SJ(I to GJd; light, Cil to Ggd; inferior, 4d (0 5Jd; heavy cows, 6;1 to GJd; niediuDi, 53d to GJd; light. 5M to GJd; inferior, !Ud to Sid; hulls and stags, 4d to. sd; best oalfskine, Gd to id; medium, 5d to Gil; inferior, from 2d to •li<( per II). Messrs Wright, Stephmfcon, and Co. report as follows:—We tfnr usual Ajrtniglitly hide sale in our Maclaggan' slrc-el storc:!on Thursday, when we. offered, a, catalogue totalling 353 to a full attendance of buyers. Bidding was very brisk' throughout our auction, prices all rourtd :niliiig. oil a par \vilii late rates. CaltJkins show'od-tiii.advance. Wn had a few lines of prime heavy-weight hides, forward, and these sold at up to 7J(I. We give hereunder p. few of our individual sales: —Seven (>911) ox, ijjd; seven 711b ox, 71(1; four 70lb ox. id; four GOIb ox. 7(1; five Gill] ox, 05d; 22 5!)lb ox, GUI; six Glib, GJd; 10 501 b nx, GJd; tV.rce G2lb ox, Gjd; seven stlb ox. Gsd. The market is strong, and wo can recommend vendors to consign their hides Ir, our fortnightly sales. Wo quote: Extra stont prime heavy ox nt from id to i.'.d; heavy do, GJd to 7d; medium do, GJd to GJd;; light do, 5Jd to GJd; heavy cow, pjcl to medium do, GJd to 6Jd; light do, 5Jd to GJd: stag and bull, 2Jd to 4Jci; yearlings, 5Jd to GJd per lb; calfskins, Is to 4s 0(1 each.