COMMEECIAL.

Otago Daily Times, Issue 17943, 24 May 1920, Page 4

COMMEECIAL.

Daily Times Office, Saturday Evening. A new agency lines —Wftldron's Worcester sauce—is duo to arrive ex the Remuera. Tho Westralia had on board a further supply of Milduxa ourrants, lexiaa, and sultanas, and a parcel of Tasmanian. tinned fruits. She also brought a. small parcel of Havolock pocket pieces and cut aromatic and Imperial Alliance aromatic. A line of C, and B. curry powder is on board! the lonie, due here at about the end of the month. Owing to a shortage in America, of bright | leaf the manufaotuTers of Canary cigarette tobacco state that they are no longer able to supply this brand. Canary cigaretto tobacco k therefore in the meantime to be withdrawn from the market by the manufacturers. / ■ G-enuino parchment paper 13 worth to-day Is 5d per lb. Honey, in lib and Jib pats, is now being ofiored l at 10s 6d and 5e 6d per dozen respectively. _ . Champion vinegar is again altered in price. Brown is to-day worth 18s per dozen, and white 13s. Cereniilk is now being quoted at £40 per ton for 25's. A shipment of petrol has arrived by the Havre from Borneo. A supply of Sicily almonds arrived on the market during the week. A lino of Coutts's acetic acid! has come to hand. This brand has been off the itarket for some Airne. Certain sizes cf paper bags are again in short supply. Advice has been received from tho Eaet that, contrary to expectations, the prospects of full supplies of rice for the coming season aro very uncertain. As a matter of fact, indications point to much higher p-rices. Local stocks are short at present.

LONDON MARKETS. Presa Aeeooiation —By Telegraph— Copyright. LONDON, May 21. (Received May 23, at 5.5 p.m.) Short loans are discounted at 5J per cent.; threo, months' bills, 6i per cent. t The Bank of England returns show the stock of coifc. and bullion to be £111,9*1,000; reserre ( £20,011,000; proportion of reserve to liabilities, 16.50. Tie notes in circulation, total £110,881,000; Government deposits, £20,061,000; other deposits, £101,389,000; Government securities, £36,515,000; other securities, £82,632,000. Consols are quoted at £47 7e 6d. War loam, £82 12s 6d, £85 10s; Commonwealth si's, £95 15s; 6£'s, £94 15s; Victorian 4's, £99; 3|'e, £82 and £55 10a; 3's, £59; New South Wales 3J's, £59 15s; Queensland 3's, £54 17e 6d; New Zealand 4'e, £80 10a; 3&'s, £66 ss; 3's, £57 ss; Toemanian 3J'e, £64 10s; 3's, £61. Waihi Grand Junction—Buy. 10s Id, eel. 10s 4d. P. and O.—Buy. £460, eel. £480. Tho Bradford market is unchanged, there being not enough business to test the market. Wheat: A fair quantity of Australian cargo on pneeage eold at Ofie per qr. Trade in spot is ouiet, and stocks are firmly held. Beans and peas: The market is quiet and steady. Sugar: Granulated, 112s.—A. and N.Z. Cable. ...

. ANTWERP WOOL SALES. ANTWERP, May 21. (Beceivea May 24, at ois a.m.) At the wool sales 125,000 colonial bales wero offered and 1 5000 were withdrawn. Prices were 10 to 15 per cent, below those ruling , at tho Antwerp auction sales on April 23.— A. and! N.Z. Coble. FUR SALES. DECLINE IN PRICES. Press Association —By Telegraph—Copyright. NEW YORK, May 23. (Baceivedi 'May 23, at 5.5 p.m.) The fur auction sales show that tho prices of furs aro 25 to 30 per cent, lower than at the spring sales. There is a general tightening of the markets with an attendant fall' in prices. A number of small dealers throughout the country have failed, while others were ea.ved after receiving aid from the 'American Fur Dealers' Association.—A. and N.Z. Cable. AUSTRALIAN WOOL. Press Association —By Telegraph—Copyright. NEW YORK, May 23. (Received 'Muy 23, at 5.5 p.m.) Tho policy of the banks in restricting crodlite is hold , responsible for Australian woo.l, whjich was auctioned' under the British Government's auspices, suffering a 10 to 20 per oent. fall in prices. Of 18.569 bales offered, mostly merinos and other fin© grades, only 5500 bales were sold. Spinners' and shafty fleeces brought 93 to 99 cents per lb. Similar grades realised 108 to 125 cents three weeks ago. The remaining 13,069 bales will be offered to-day, and will be offered for private sale if unsold. Buyers ngr?* that the penk of high prices for wools has passed. The present move to dispose of Government stocks ie considered a, move to restore the pound sterling in tho foreign exchange market. —A. and N.Z. Cable.

OTAGO FARMERS' HORSE BAZAAR. Tho Otago Farmers' Co-operative Association of New Zealand reports:—We held another horse sale at otir bazaar on Saturday, when wo offered about 50 draught and light horsos to a representative gathering of buyers. For working draushts there was a good demand at prices equal to last week's ratce, but unbroken and aged horses were dull of sale. ' Wte offared consignments of useful plough horses from G-cre, Taicri, and Waikouaiti, most of which wero purchased to go to the country.

VISIBLE WHEAT SUPPLY. Ptmo Association—By Telegraph—Copyright. CHICAGO, May 23. (Received May 23, at 5.5 p.m.) Tho visible whoat supply ie 41,-178,000 bushels.—A. and N.Z. Cable. -r> FOREIGN EXCHANGE RAT-ES. LONDON, May 20. Par. MivylS. May 20; Paris (fr.) 25.22 6S 43.70 Stockliolm (lα-.) .. .. IS.IC 15.15 18.25) Ohristiania (kr.).. .. 18.16 20.60 21.08 Montreal (dol.) .. .. 4.85 4.23J 4.25 Nmv York (dol.) .. .. 4.8G 3.824 3.813 CaJcuttu, (nip.).. .. 10.11 2GJ 26J OAMARU MARKETS. (FROM OUK OWJf CORriESI'O.VDBST.) OAMARU, May 22. A broken week has not beon productive of much business in tho local market. Wheat of milling quality has been coming forward and paesinp into the hands of the gristera. Tho aalee included a mixed line of 750 sacks composed of RodchaflE and Dreadnought, but tho remainder of the business done- wae in small lines ranging from 300 aa<:ks downwards. Outs have been offering fairly freely, but in the absence of shipping facilities and no storage accommodation available- merchants have refrained from purchasing to any extent. A few modest lines changed handis at country stations, the net prices being 5a for A grade Cartons, and 4s 10d and 4a lid for B'a. * Soroo parcels of ryecorn were dealt in at 7e net at country stations. Though an improved lono pervades the stock market, business has not bocomo active. There ie some inquiry for good breeding ewoe and hill lambs, but neither of tlwae classee of eheop has been forthcoming. Transactions during tho week havo for th 4 most part been ooniinedl to fat animals, ealea of which havo been made in varying lines at the following prices:—Fat wethers, 34e to 365; ewes, 31s 6d for heavyweights, and from 233 Gn to 26a for lighter sorts; lambs, from 26s to 28s. A line of 200 sound-mouthed ewca changed hands at; 225, and a lino of 400 lambs in forward condition found a buyer at 235. No business in store cattle during the woek. Fat ateere -were dealt in at from £13 ! up torflG 10s, the top money being given fora nice lino, and fat heifers were sold at £10. Dairy cattle of quality find ready buyeofs, and dluring the week a herd of about 20 spring-calving ocavs brought under tho hammer at jv clearing sale realised an average of £14 10s.

SOUTHLAND MARKET REPORT. (fROM OUIt OWS CORRESPONDENT.) INVEHCARGILL, May 22. Local merchants continue firm holders of oats, though business with the North Island is not at present possible, their quotations being on the basis of 6s Id, f.0.b., s.i., for A grade Gartens. It seems evident that very little remains in farmers' hands, while there is also an active demand for seed oats from farmers. On (op of this thero has been something in the nature of an inquiry from Australia, which has strengthened merchants' positions. Up till now business has be<m decidedly unsatisfactory, farmers demanding prices which, according to northern buyers' ideas, necessarily resulted in loss on saJee made from the port of Bluff. Buying business, therefore, up to the present has been of a speculative nature. The chaff market is firm, with prime quality worth £7 on trucks at country sidings. Owing to the impossibility of securing space thero is no business other than the supplying of local demands. * All ryegrass seed is now virtually in the hands of merchants, and there is an evident shortage. In many cases the seed is dresing out by no means as well as was expected, and local ideas of values of rnachinedreesed seed are on the basis of 9s 6d per bushel of 281b seed.

There is still alair demand for hemp from twine manufacturers, etc., but shipping business is abnormally quiet owing to the lack of space and through Iho fall in London values. At tho ordinary stock Bales during the week all classes of etore sheep have improved in value, prices having risen Iβ 6d to 2s per head. Pat sheep have been selling on a par with last week's rates, as ha,ve also fat cattle, but store cattle have shown, a decline on prices ruling last week. Prices may bo quoted:— e Fat Cattle: Ox beef, 60s; heifer, 48e; cow, 455; extra prime steers, £18 to £20; prime, £15 to £17 10s; unfinished down to £12 10s; extra prims heifcre, £12 to £14; prime, £10 10a to £11 10s; unfinished down to £7 lCs. Store Cattle: Three and 3J-year-old steers, £10 10s; two and 2£-year-old9, £7 10s; 18 months, £4 10s to £6; oalves, 203 to 255; dairy cows, factory calvere, £16 to £17 10s; average, £10 10s to £12 10s; inferior, down to £8. Fat Sheep: Extra prime wethers, 40s 6d to 425; prime, 36s to 38s 6d; unfinished, down to 355; extra prims ewes, 32s to 355; prime, 28s to 30s; unfinished, 255. Store Sheep: Extra good mixed-sex lambi 23s to 21s; average, 18s to 20s; weedy down to 12s; four and six-tooth wethers, with condition, 32s to 345; average, about 30s; inferior, down.to 265; two-tooth wethers, 28s to 30s; average, 26s to 27s 6d; inferior, down to 225; four and six-tooth ewes, in lamb, 28s to 80s; for good sorts, average, 265; inferior, 219 to 225; sound-mouthed ewes, 22a to 2Se; full and' failing-mouthed ewes, 10s to 15s, according to condition.

THE, FRUIT AND PRODUCE WORLD. Redlly's Central Produce Mart, Ltd., advises:—The glorious weather experienced for the Prince's visit and the large influx .of visitors meant increased business in all departments, large orders being received for fruit trees, shrubs, and stud poultry, also white leghorn hens and pullets. All lines of produce were in full supply. For choice tomatoss and grapes an exceptionally keen, demand was experienced The following prices wero secured for consignors:—Apple, plum, cherry, quinco two-year-old trees, 15s pot dozen, £5 per 100. Shrubs, Iβ 6d to 3s. Bhnbarb roots, 15s per 100. Gooseberry and currant trees, 5s to 7s 6d per dozen. Violets 3a per 100 bloome. Chrysanthemums Is 6d dozen. Passion fruit: Wanted. Cape gooseberries, Bs. Walnuts, Is 2Jd to Iβ 6M. Almonds, 2s 2d. Hazelnuts, Lj Gd to Is B*d Island oranges, 15s to 20s. Bananas: Arriving 31st. Lemons: American 50s. ApplesChoice desserts—Cox's to 3kl, Delicious to Ed, Jonathans to 3d, Lord Wolseleys to 21d Mimroos to 2Jd; cooking to 2d; inferior! bruised, Eoft, eecond-grade have to be eold at the best price offering. -Peare: Prime des•serts, to 4d; cooking, to 2d. Quinces, 2£d to 3Jd. Peaches: Cooking, 4Jd; desserts, 9Jd. Tomatoes: Outsido (choice), to aid,'; Chrietchurch (hothouse), Is 6d; locale, to 2s 2d Grapes: Oaraarus, to 2s IOd; locale to 3s Green peas, to 5Jd. Cauliflowers, to 6s CabJ bago, to 3a Vegetable marrows, to 15s 6A Pumpkms 12s eack. Pie melons, 16s. Cucumbers: Hothouse, to 20a dozen. PotatoesOemuru* Sβ. 6d; locals, 9s 6d per cwt. Bacon pips: 150-17015, lOJd; 100-1301K lOJd; heavyweights, 7Jd to IM. Eggs: M; preserved, 2s 6d. Butter: Prime separator U63 Honey: Prime sections, 10b; bulk, to B£d; 101b tins, 7s 6d. Beeswax 2s in 10lb tine. Oatmeal. 30s cwt Pollard 11s 10dI per 1001b W. M. 10d per 1251b Vgl l'arro food!:- Specially recommended, lie Bran, 9 3 3d per bag Oats, 5s 9d. Wheat 8s 3d' Capo barley Ss Pmaim Wuo peas, & <& to 20s bushel Oatsheaf chaff, to £9, es store Oatstraw chaff, £6 to £7, ex store CMW epray pumps. 265. " Mrsto" knapsack sprayers £4 18s Gd Katakilla, 5s per W of about 251b. "Vallo" giraffe brand of 1 ime sulphur wash, 2s Gd per gallon in 40-gallon oasko; 3s per gallon in small lots. M-Dou-Kall s fruit tree wash, 10s 6d per gallon Ponwol: Prepared- spraying oil in 4£fon tme Rabbiteuns: Sale Wednesday, 26th Tallow: Sale Wednesday, 26ft. Poultry (supplies short of requirements): Cockerels 2 nt 16s 6d, 2 at 89, 2 at 7s 64 3 at ft 1 at 5s 6d, 3 at -5s 4d, 6 at 5e 2d 7 at Sβ 29 A 4s 6d 17 at 4e, 5.1 a, 8d het, 3' aT 8s 3s at Tβ, 8 at Gβ Gd, 5 .at 5s 4d; 16 at is 8d 25 at ■Iβ Gd, 32 at 4s id, 41 at fe 2d "(5 at 4s, 2 at 2s 6d; pullets, 4 at Wβ 4 ft 265, 3 at 18s, 6 at 13s; stud pulkte,'white Leghorns from 30s to 425, Black Orpingtons from 25s to 40s, Mmorcas from 30s to 42aa1l at per pair. E. OSWALD R.EILL-Y, Managing Director, Moray Place, Dunedin.