COMMERCIAL.

Otago Daily Times, Issue 16463, 16 August 1915, Page 4

COMMERCIAL.

Daily Times Office, Saturday morning. Sulphur and saltpetre aro in very short compass. ~ J Dunedin merchants are anxiously awaiting the report from Auckland in connection with the damage received by the cargo for Dunedin which was on board the Waimaie tne vessel encountering rough weather, and water making its way into the hold. Several lines of Glasgow goods, which are badiv ne «ied, are on board tho Waimate The Rotoriia, which is due to arrive hero next week, has amongst hor cargo Crosso and Blackwell s essences and invalid jellies, both of\which lines are required on the local market.

_ The Hurunui is bringing a line of whiting.

The Tainui has brought, amongst other goods, sapon, Hudson's extract of soao, and JSird s custard and egg powder.

COMMERCIAL CABLEGRAMS.

Press Association—By Telegraph— Copyright. LONDON, August 14. (Received Aug. 15. at 5.5 p.m.) Cotton.—August - September delivery, Jute.—August delivorv, £24 ss. Hemp.—August-October delivery, £31 10s Copra.—August-September dol'ivcrv £22 10s. "'

Rubber—Para. 2« 4Jd; plantation, 2s 4j?d : smoked. 2s 4id. Silver, 22 15-16 d.

WHEAT AND FLOUR

CANADIAN STATISTICS WITHHELD. Press Association—By Telegraph—Copyright. ,-r, - •, . LONDON, August 14. (Received Aug. 15, at, 5.5 p.m.) Wheat opened higher, under the influence of unfavourable harvest and thrashing weather in America, coupled with unsettled conditions in Britain, but finished weaker following: a sharp decline in American cables. Chicago September options, 110 to 107 cents; December options, 108 to 106 cents. Wheat and flour afloat to the United ¥,^^? m ' 1 > 7 85.000 quarters; Continent, <l« artc Ks; Atlantic shipments, £S'°J£ quarters. Total for for Europe 290,000 quarters, including India |B3,oooquar--4.i.Tho ndo , n Grain Importer statos that tho -worlds shipments are now misleading as Canadian details are officially withheld.

OAMARU MARKETS. (Fbom Oue Own Cobhespondent.)

m * * i i ©AMARU, August 14. .Mat. stale, and unprofitable may bo accented as descriptive of the condition of tho local grain market thie week. There has not been a single sal© of grain of any description, and the prospect of anything in tho nature of a revival in wheat has been diminished by the reduction in tho prices of flour, bran, and pollard, for millers are not, likely to come upon the market as buyers until driven thereto bv tho necessity for replenishing their wheat' stocks. Tho potato mancet. in sympathy with tho advance in tho Sydney market, has recovered, to some extent. Sales at country stations. have been mado at £5 10a and £5 12s 6d,

while- for delivery in Oama-ru £5 12s 6d, £5 15s, and £6 net have been paid, the top tigtiro representing the present value. Tlio continued absence- o£ rain has caused something in the- nature of a paralysis of business in tho stock market, which nothing but a real good ruin can relieve. There are some sellers under iho compulsion of shortage of feed, but there, are practically no buyers, except at prices nuicii below values under normal conditions. Tho position was clearly demonstrated at the regular sale at Duntroon yesterday, -when Side.? wore slow and few, and those few only eifected by tho acceptance of low prices. At the Oamaru weekly sale, with a poor yarding, business in store, stock was difficult to effect, and prices wero poor. A good ram would produce an immediate transformation, and restoro values, for thero would oo at once a decrease of sellers and an increase of owners with improved food prospects. But the needed rain does not come, despite tho fact that tho conditions have frequently appeared favourable for a good downfall. While store sheep are. out of favour, thoro is a keen quest for fats, and this week several lines of fat wethers have been placed at 30s. 32s 6d, and 335. The prices for fat sheep wero also well maintained under the hammer. The onlv transaction roported in storo sheep was tlio sale by private treaty of a line of 1300 two-tooth halfbred tussock wethers at 18s. There has been practically nothing doing in storo cattle, whilo fat animals are scarce. A nico lino of fat bullocks was placed at £16 10s, and for a lino of light bullocks short of finish £10 was given. Dairy cows are not good selling property At a dispersal sale at Herbert on Thursday of a good dairy herd, including a number of animals with clean pedigrees, tho prices obtained were Delow tho normal market, as a rcsidt of tho. shortage of feed. The cnimals were certainly not in good condition, but the prices all round wero not good. Tho highest Cguro obtained was £13 10s, and several others brought between £12 and £10, but the majority went at lower prices.

SOUTHLAND MARKETS.

(Feom Oub Own Correspondent.) INVJiRCARGILL, August 14. Tho oat market is very quiet, aud sales ai-o difficult to olfect. 'lliero is practically no business doing with farmers ai, present, and quotations are, therefore, purely nominal. Tho general quotation lor .a grade Gartens is 4s 3d to 4s 4d, f.0.b., 6.i., Blulf. Efforts are being made by the local grain merchants to get the embargo on the export of oats removed, as it is felt, in view of the slackness of tho demand from the North Island, that this restriction is unnecessary.

The chaff market is also quiet, and thero is very little demand from tho North Island. Prices remain about the same as last week—viz., £6 to £6 5s for prime quality, on trucks, though higher prices have been paid. Thero is nothing whatever doing in straw chaff. Tho potato market is quiet and thero is very httle doing. Merchants are not open to buy at more than £5 on trucks, and growers, for the most part, aro not responding to this low quotation. There is very little doing in ryegrass at present. The seed is verv firmlv held, and it is expected that it will all be required during tho next two or three months. Ihere is not a great deal doing in hemp, winch is worth about £23 on trucks for high point fair, and £24 for good fair. ihere is very little business passing in either wheat or flour, the wholesale price of the latter 'being £16 10s on trucks, at Invercargill There is a little inquiry tor fowl wheat, on tho basis of 5s 6d to 5s 9d on trucks.

The stock market continues acute in all classes and a good deal of stuff is going through, agents all round putting through more during the last few months than tor a long time Two sales of note were held during the week, one at Wallacetown T. £„ y ' and one at Otautau on Friday At Wallacetown sale there was a large entry of all classes, especially in the fat sheep and • fat cattle sections. Local butchers are right out of stuff, and were very keen to get supplies, and in consequence the market kept firm. Store cattle were fairly well represented, although the quahty was fairly poor; yet prices, especially for well-bred, decent stuff, were firmer than those ruling for tho past few weeks. At Utautau sale on Friday, some 8000 sheep were yarded, comprising a few pens ox really first-class hoggets. Although bidding was not so keen as at the last few sales, yet tho whole yarding changed hands even in some cases at higher prices than those ruling, some really nice lines of hoggets bringing as high as 22s lOd There was a very small entry of ewes and wethers, and if there had boon manv ewes they would have been quickly snapped up. Crood forward bullocks continue in good demand, and still hold their prices. A number of sales of dairy cows are going to be held during the next few weeks; a good few dairymen going out of cattle into sheep. It is expected, however, that prices tor good young cows will continue high laking the whole market, on tho face it aFcwSf * Sakl *' k VCry Str ° ng in Prices are as follow:—

Fat Cattle.—Cbc beof.' 41s to 425; heifer beef, 38s 6d to 39s 6rl; cow beof, 36s to 0/8.

Fat Sheep.—Extra heavy butchers' wethers. 32s to 345; medium. 28* to 30sextra prime owes. 25s to 265; medium and unfinished, IBs to 21s.

j. £ T ? £ attI °-—Three-yoar-old bullocks, £10 to £11 10s: £7 10s to £8 10s: two-year-old, £6 to £6 10s; 18-months, £4 Ids to £5; yearlings, £3 10s to £4 ssgood young dairy cows, £10 to £12"; older sorts, £7 to £8.

Store Sheep.— Two-tooth owes, 24s 6d to So r° : o, s,x - t00t "..25s to 265; eight-tooth, to 235; good mixed Foxed hogget<= 18.? to 19 3 ; extra good, to 20s; ewe 'hoggete, goocl 19s 6d,to 21s: two-tooth wethers. 23s to 23s 6d; four and eix-tooth, 25s to 26s

LONDON SHEEPSKIN SALES.

The New Zealand Loan and Mercantile Agency Company (Ltd.) has received the following:_ cablegram from its London omce:— Sheepskins—merino combing idcrossbred combing, mostly gd lower; short shorn, neglected."

OTAGO FARMERS' HORSE .BAZAAR.

The l'Virrners' CYi-oporativo Association of Xew Zealand (Ltd.) report: SVo held our weekly horse sale on Saturday, when wo Imd un entrv of ,jb horses all told, (.'onsignmeiit.s wen- forward from Milton, -Uicldlemaivh, Outran), Ta.ieri, and the districts Kurroundiug lhmedin. Th«*re. was ;L good attendance of buyers, the looul carter.; and farmers being well represented. Bidding throughout the miction was fairly brisk, and the whole of the country, its well as a good proportion of the town entries, (•hanged hands at satisfactory prices. Wo quote: Good young draught' niarrs, £28 to £35; superior young draught geldings, fit for shaft or lorry work, £30 to £38; ordinary draught mares and geldings, £20 to £25; aged draughts, to £15; c,i:od upstanding vanners. at from £18 to £2.5; ordinary spring-carters, at from £15 to £20; upstanding buggy mares and geldings, £11 to £20; hacks and ponies, £5 to £12.

CENTRAL PRODUCE MART.

Rciliy, Uill, and (_'o. re-port: — lliero is a light teiupment of Kaiotunga oranges and bananas to arrive, on Monday, wliicti should command good values. Wo liave BtXi oranges and iioO bananas. We are expecting our Inst snipmeiit ot American oranges, 300 cases of Valenciaa, and these shoiukl realise good prices. Some nice consignments of apple*; came forward and realised extreme values. Auckland tomatoes are wanted. Early consignments of rhubarb are eagerly inquired for. Flowers ha.vo been in good demand. Eggs have been arriving freely, and selling at Is for oaso eggs and Is Id lor stomped and guaranteed. Bacon and porker pigs have been short of requirements, and extreme prices ruling. We secured ojd per lb tor prime quality. Seed potatoes aro in keen demand. We hold orders tor British Early Puritans, Up-to-Dates, Robin Adair, and Beauty of Hebron, and for #ood samples high prices are assured. Tabla potatoes, oat-sheaf chaff, pollard, bran, and the produce market generally are easier. Nice eonsigninente of poultry came forward, all of which realised good values, an increase of fully 3d per head being obtainable on the previous weok s sales. Wo have pleasure in notifying growers that we have been appointed solo agents in New Zealand lor the Newtown apple grader. 'iho following prices wero secured for our consignors: —Flowers: ■breezias, 4<s 6d per dozen bunches; paper I white narcissi, 3s; violets, Is 3d to Is 6d. iomatocs : Auoklande. 7d, Bd, 9£d; seconds, j od. Potatoes, £6 lCs ex truck for extra prime; others, £6. Rhubarb, 5d per lb Cabbage Is 6d to 2s 6d per sack. Cauliflower, 4s 4s 6d, 5s fid, 63 per dozen.. Apples: Onoicc tSfcurmcrs, 10s 6d; Rome* Beautys, 8s 6d to 10a 6d; Cleopatras, 10s 6d; Dochcriys 7s, 9s 6d; Hoovers, 8s; Lord Wolseloys, 8s 3d, 8s 6d; French crabs, 8s; local cooking, choice, 2id; others, 2d, 21d TiTiL Ci i? ,Ce desscr,s > 3?d, 4d; cooking, ■igtl. l a d. Bananas: We expect a small shipment to arrive on Monday, and expect 12s ?0, % + £bo « aI PnwionS, choice, 10s 9d to lis p lnes , ,n perfect condition M v , Oranges-- Sydneys, 10s to 10s M Navel oranges, l 2s 6d; Queensland, 10s p a cke^° rm f n? ' 1Ss ,o M t0 14s " Mandarines: lackers, choice, 12s. 12s 6d. 13s. Island Arr i- V0 on Monday; wo expect 12s 1 TT Lem °ns: Adelaide, 1&J; &vtRr^n 143 ; Ha , zcl , nuts > shipment to'arrive AKro-,r tS R.1 Ple, S lid ClUalitv - Walnute fa ?*& , Pe . anute - 22s fxl. Butter: Is M M ' pats, -fs od, Is 4d Is sd. Honey: Chow 5d heese: . P™>« Akaroa, 10d E<4f{stamped and guaranteed. Is Id; plain ° Is '■ Se L cl 0 "" 9 Wa 7 W ' 6 * ? n »> able for choice; porkers, 6d; choppers. 2R vkJ* u 9 n ? ns: Choice Canterbury?. 8^ Fowl wheat, 6s 6d, 6s 9d for choice. 5 Oafe T?;J? ' i £,'' 4s od fo ' - special seed line« ?^in m t°inV £ 7 9 ?er K to "-, *£!»»»• *' P« Flour £lV in m k?° l \ 9? f - P° llard - i lotir, tis 10s. Oatmeal. £23 nor ton Barley 6s. Wheat pollard, £8 lfi Bran lfiV ??" ,z ?' M crushed. Hav £6 Poultn- W ° r R 00 !""*. £ 6 15s per ton. loultrj Hene. Is 6r. Is 7d 1, Q,l. Barger ch«o harrows , £6 m tno J Xapcst Parting so h / rr in Australasia. Ge particulars and see our sample machine" & VaX ', ls 5 d - RnbWtskin«: Small 3id"era, 6d; sprmgs, S^d; earlv auV.nrnns cii : - autum ,?; 12d = iil.™i n : com,ng S l 2 id; winter buck., 14* d; winter doe! «■ 1 ° nt^ JHd; prime winter tavi-ii. 22d ; black, 66d; second black. 48d • catsk.ns. 6d: horsehair. 23d. Hide.. 6>ll to Bid. Cowhides, 53d to 7?d per lb Calf- & «fr *g. W. ?id. 8Ad P 9d. Sheepskins. 4id. s|d, 6id. 7d, Bid. Bid. 9id. Fat <$%' 7t'« 21s - S2 - tt M - Wool: 2 4 |d sid, 7d; fleeces. 8R 9id, 9|d, lOd REILLT. GILL, AND CO., -Auctioneers and commission agents Moray place, Dunedin.