COMMERCIAL

Otago Daily Times, Issue 13861, 26 March 1907, Page 4

COMMERCIAL

LONDON MARKETS. ' LONDON, March 21 Frozen mc.r.t: North Island sheep, Sid; best brands, SJcL Lambs-Canterbury, medium and heavy, 5Jd; North Island, 4 11-lGd. New Zealand bocf— ISO'.b to 2201b, fair average quality, ox fore 3, 2jd; ox hinds, 3jjd; Plato fores, 2 9-lBd; hinds, 3 3-lGd. The rest are unchanged. Ilcinp: Depressed; March and May alnpmcnts, £36. Rabbits: Dull and unchanged. "Wheat: 13.030 quarters of Victorian wheat, January shipment, soltl at 30s 3d. A South Aufirnlitm cargo sold nt 31s ljd. Copra: Quiet and unchanged. Copper: Spot, £105 ss; threo months, £107 103, Tin: Spot, £18G; three months, £181. Silver: 30 15-lGd per ounce.

WOOL SALES. LONDON, March 21. Tho wool sales aro animated nnd prices fully maintained. The following prices wo.ro realisoil for tho flcecc portions of. tho clips named:—Petae, 13Jd; Puketoi, 12] d; Mcawhango, llijd. . Tho catalogue to date shows 137,031 bales, of which 132,539 have been sold.

HIGH COMMISSIONER'S MARKET CABLEGRAM.

WELLINGTON, M:.rch 25. The Department of Industries and Commorco has received the following cable from the High Commissioner, dated London, 23rd inst.:— Mutton.—Tho market is slightly -weaker, with less domand. Supplies arc increasing, but there is a scarcity of prime.quality. Canterbury mutton is quoted-at -id per lb; North Island brands at 3|d. Lamb 3— I Tho market is dull, and stocks on hand arc heavy. Tho demand is cxpcciod to increase. Average price for Canterbury lambs is 6d per lb; other than Canterbury brand, l]d. Tho beef market is dull, and tho supply excccd3 iho domand. Tho average prico is 3Jd and 2*d for hind and forequarters respectively. Butter.—Tho market is steady, and prices ftva woll maintained for choicest quality, owing to short supply. The market is dull for second-class quality, as the supply excccda tho demand. Current quotations are; Choicest Now Zealand, 101s; Argentine, 100s; Yict<jrir.n, 09s; Danish, Ills per cwt. Cheese.—Tho market is quiet, and prices aro slightly weaker, with leas demand, at 65s per cwt. Hemp.— I The market is rather unsettled, and priccs are slightly weaker. Gcort fair grade on spot is quoted at £>" per ton; April-Juno shipment, £83; and fair current Manila, on spot, £30 per ton. Cocksfoot Seed.—The market is firm, but buyers] arc not keen to do business. Thcro is, however, no pressure to Fell. Current quotation is ti'is per cwt of 17ib bright, cloandrcsscd seed. Current quotations for Bradford tops are: AG's, low crossbred', Is s' ( d; 40's, low crossbred?, Is Gd; 4i's, medium crossbrcds, Is Gj(d; uO's, halibreds, Is lOJd; 56's, quarlerbredfl, *Js lid; fi«Vs merino, 2.? 4£d. ' Tho hop market is dull, and likely to continuo so. There is a moderate demand for Californians, but stocks arc heavy. The prico in Loudon is 60s per cwt for English, and 50s for Californians.

SALE OP FARMS. The Ofngo Farmers' Co-operative Association o[ Xew Zealand (Ltd.) report having disposed of {he following farm?:—On account of James Geddes, of J'almerston South, to Messrs Roy Bros., Moonlight, a farm of about 473 i acres, with all the buildings thereon, situated at Moonlight, adjoining Messrs Roy Bros., also 233 acres perpetual leaso adjoining tlio freehold. Price of freehold, .I''2 2s Gd per acrc. Also, in conjunction with tlio Southland Farmers' Co-operative .Association (Core), 011 account of Messrs Jnmos and JI. O'Brien. Greenville, Glenkeaicli, 811), acres freoliold, with buildings and iiuprovoir.cnts. Price, —300. Mr W. Pollock, purchaser.

COUXTKY SALES REPORT. Tile National Mortgage and Agency Company of Nev.' Zealand (Ltd.) report having held their usual fortnightly sale at Clinton ou tlio -Ist inst., when there was a fairiy largo yarding of sh:ep. There was n largo attendance of buyers, who competed spiritedly for every lot ottered, resulting in a completo clearance at a substantia! advance on previous ruling rates in this centre. Tlio sales wwo as follows: —For Mr A. C. Be.gg (Ciiirn), Gilo (ui'.-niouthed crossbred ewes at lGs, liGl'i do at los, 813 lambs at !)s 3d, 33 Koinney ewes at Ms. iiO cull lambs at 6s; Mr 11. Tolmie (Waipahi), SSI) two-toMh withers at lis Id, 107 mil wetliers at 8s Id; Mr 11. Steel (Wsinina), 100 two-tooth ewes and wethers at 13s -Id; Mr A. D. Mattieson (Popotuiioa), I'M two-tooth ewes at 17s Dti; Mr T. ,Irvir.e (Wu.i rim ri), 21 lambs at 13s Id; Mr S. Hajran (Clinton), 71 lambs at lis lid, -15 ewes at tls 2d; Mr J. B. Thomson (Clinton), 230 lambs at lis Sd; Mr W. Pagan (Waiwera), 10!) lambs at 13s Cd, 19 fat wethers at 19s ltd, 7 fat ewes at Ills 3d; Mr J. R. Roy (Wairuna), It!) two-tor.th owes at 18s Id; Mr J. Johnston (Anise Hill), BG3 lambs at 12s. 33 c wes at i«s, 12 do at 7s Id, 2'2 wethers at lis 7d.

SALE OF PUKB KOMNICY STOCK. Jlessrs AVriglit, Meuhoiison. and Co. (in conjunction with Mr Frnscr Falconer) lust v.-eek sold on account of Mr J. 13. Logan (Greenville), 85 four-tooth and 15 two-tooth stud Homncy ewes at- very high figures in Mr Baxter, farmer. of Glenkenieh, Kelso. Mr Logan's stud liock is well and favourably known all over Xew Zealand, and several shipments have been made to the Australian colonies. It lias arrived t<* its present perfection as a result of Mr J. li. Logan's personal attention and assiduous care for over IW veal's. GRAIN* AXD PRODUCE REPORTS. Ifcssrs Donald lieid and Co. (Ltd.) report: We held our usual weekly auction sale of grain and produce at our r.tores on Monday. There was n good ntismlance of buyers, and as 1 must o? the lots on ofTev were suitable for the local trade a lair clearance v."it- effected. Values ruled as under: — Oats.—Thcri is little change to report. Consignments are arriving sparingly, and nearly ail olTcrcd (or sale are readily taken on arrival at prices on e. par with kite quotations. VTp quote: Prime milling, 2s Td to iis 7Atl; good to best feed. 2s Gd to 2s G.'.il; inferior to medium, 2s 4d to Is 51d "per bushel (sacks extra). Wheat.—'the market is firm for all good to prime milling quality. Medium sorts are not much sought after. Fowl wheat is offering more freely, but has good demand both,

locally and for export. Wo quote: Prims milling, 3s 5d to 3s sid; medium, 3s 'Id to 3s 4Jd; whole fowl wheat, 3s M to 3s 4d; broken and damaged, 33 lo 3s 2(1 per bushel (sacks extra).

Potatoes.—Supplies arc still arriving, and only those in best condition aro easily sold. Medium quality and unripe consignments aro difficult to deal with even at reduced rates. We quote: Best frcshly-dUg'lots, in pritno condition, £1 to £1 10s; medium to good, £i 03 to £3 las; stale and interior, £2 10s to £'3 per ton (bags included). Chafi".—The quantity coming forward is sufficient to supply present requirements, and values arc unchanged. Prime oaten sheaf has most inquiry, ar.d is faleable at fi 15s lo £3. Medium quality is not in such good demand at £1 to £t 10s. Interior and straw chaff is slow of sale at £2 15s to £3 15s por ton (bags extra). Pressed Straw—Oaten has fair demand at 55s to 60s, but whealcn is in over-supply, and sells at 42s to 45s per ton. Turnips—Several trucks to hand sold at 35s per ton (loose). The demand is not yet general. Messrs Dalgety and Co. (LtA.) report as follows:—'Wc held our usual weekly auction sale of grain and produce at our stores on Monday, when we submitted a. "airly largo catalogue to the usual attendance of buyers. Competition at the sale was not over brisk, but we effected a clearance of a large portion of our offerings privately at prices fully equal lo those ruling at our last sale. Oats.—There ia, i! anything, an easier feeling in this market, and shippers lire not keenly disposed to operate on a basis of last week's quotations. We quote: Prime milting. Qs tUd to T.ld; good to best feed, 'is Gd to 2s GJd; medium and iifferior, 2s 4d to 2c? Gd i>er bushel (snefcs extxn). Wheat.—There is no alteration to report in this market, either in vulues or demand. Prime lines of Tuscan and velvet meet with most attention from millers; medium and inferior samples find ready sale as fowl wheat at late quotations. We quote: Prime milling, 3s 4Ad to 3s 5Jd; medium milling, 3a 4d; best whole fowl wheat, 3s 3d to 3s 4d; broken and damaged, 3s lo 3s 2d per bushel (sacks extra). Potatoes.—Tiio market is dull, and any descriptions oiher than prime are most difficult to quit, even at much reduced prices. Quotations: Prime table sorts, £t os to £4 Ids; small, stale, and inferior, £2 10s to £ii--103 per ton (bags ill). Clwff.—The market is firm, and late quotalions are fully maintained. Prime bright oaten sheaf, heavy and well cut, is readily saleable. Inferior and medium descriptions, however, aro more difficult to dispose of at prices lately ruling. Quotations: Prime oaten sheaf, £4 15r, to £5; medium, £4 5s to £4 12s Gd; inferior, £3 103 upwards per ton (bags extra). Straw.—The market is bettor supplied with wheaten, which wc quote at from 4'2s Gd to 45s per ton. Oaten realises from 55s lo GOs por lon, pressed.

Turnips.—Quotations to 35s per ton, loose, ex truck.

PROPERTY SALE.

Considerable interest was taken in the snlo by auction by Mr D. JI. Speeding, at his rooms yesterday, of two city freehold properties in tho estate of the laio William Harrop, the sale being by order of tho Public Trustee. There was a very largo attendance, and competition war, teen. Part of sections 41 nnd 58, block XXIX, Albany street, with a five-roomed house, also two -three-roomed cottages thereon, started at : £500, and, utter spirited bidding, was purchased by Mr D. 1!, White for £650. Part of section 57, block XXIX, Castle street, with four-roomed cottage Ihcroou, was sold to Mrs VI. C. Sluart for £280. The' ajrents for Sunlight soap advise an advanco in the pricc of Is per box, Owing to the easing in the oat market the price of oatmeal has. been bv £1 per ton, and now stands at £14.