COMMERCIAL

Otago Daily Times, Issue 17954, 5 June 1920, Page 8

COMMERCIAL

mi. Times Office, Friday Evening, lhe international wheat trado at about the Pressing practically as anticipated. Thero had bora, however a Sr mg ?? ™ shipments of wheat from Argenr tea, which tended to make it difficult for Franc© and Italy, and to emphasise the shortriJs, e 1 rmany .. i I !' na Atwt Ti'i'- There were very liberal quantities affoat, and in the meantime largo slocks were accumulating at Argentine ports and railway centres, ana the time noar . whc ? spring- movement *LSZ?™ i7?"L K stait ,rbe Argentino freight market Jims been moving in favour of better "b?!?T d " ic cxc ' lm d 0 was also better, but the strong advance i n prices of a l?? 6 Alres aDd Kosario indicated that traders there were trying to absorb these financial advances, whilst the weakness of the j °fu , °? 4 ""vrkets in Great Briton showed thai importers did not acquiesce in that one-sided arrangement, hom a Ereneral supply point of view the outlook for next wf^Jf a L n °r^ tog ? the J without n nsiety, but good quantities of wheat were in eigm and were corninp: lrfto sight, and, although the position might get worse as the season advanced, on the other hand, if the spring wheat crops of the United Stal« and Ctaad® turn out well, supplies are likely to be equal to the purchasing power of importing countries, allowing for non-erportatiou from. -Russia. and Rumania. LOCAL MARKETS. There is no milling wheat on offer. Fowl wheat ifl al«o off the markot, and poultry keepers have to turn their attention to short oats. The oat market is very irregular. At the beginning of the week inquiries wore received from the North Island, merchants there evidently desiring to fill forward sales Their orders now appear to be filled, and the marsot is again,

Sales of B Gar tone were made to the North Island at the beginning of the week at 5s lOjjcl, f.0.b.5.1., and local merchants aro etill holding out for these prices, but the best price obtainable to-day is 68 lOd. A Gartons are being offered at up to 6e, i.0.b.8.j., with no buyers. Offerings from tho country aro very small. A few Imee have changed hands at 6s to 5s rnu n , tru^ k ®' ommtr y sidings, Biiclre extra, iha local Government fixed wheat prices for June are os follow;— Velvet or pearl, 7b md; Hunters, 7s 8d; Tuscan, 7s 6Jd— all f.0.b., brokenige) a pnces ln clnde lid por bushel T ,Tic f s are as follow:—Flour, £"iG P fL ton: 100 ' 3 - £m £18 108 : 50' a, £18 10s to £19; 25 s, £19 lft, to £20. Bran, per ton Pollard, £10. Pearl barley, £35. Oatmeal, £31 per ton. PRODUCE REPORT. Th° broken weather has delayed the cutting of chaif, and the local market is a little bare a»3 ft result. About £8 10s per lon, saoka eX vl Gx truck, is now obtainable for good fna-hty. There io also a hotter domand for medium at £6 10s to £7 10a per ton, sacks extra, <sx pr oto. There havo been several shipping inquiries, but owing to lack of space no businew iB at present possible. The potato market continues to drag, and unless the Australian Government permits shipments to bo made from the dominion the prospects for growers are not too bright. Current wholesale prices fi.ro as follow: — Fowl whoat, 8s 3d per bushel, sacks extra (very scarce). Chaff; Prime oaten sheaf, £3 103; medium, £8 10s to £7 10s. Potatoes. £6 10s, sacks extra, ex truck; medium, £5 to £6. Onions, lis por ewt. Eggs: Stamped, 23 lid; fresh, 2s Sd to 2s 9d. Buttor: Milled, bulk, best, is 5Jd to Is Oil • separator pate, to Is Sid. ' Margarine, to Is 3Jd T** lb. Pigs: Porkere, lOd to 10Jd per lb; baconers, 10a per lb—supplies equal lo tho demand. Bacon, Is 6dl to Is 7d per lb. FRtJIT REPORT. The greater portion, of the banani&e which were brought by the Monowai were blackened; as a consequence of tho fruit being carried on deck. It is unfortunate that this was bo, as tho sound fruit brought satisfactory prices. A few boxes of oranges also arrived by tho* Monowai. The supply was not nearly equal to the demand. The passions on the same boat were not of the some good quality as shipments. Freeh supplies of New South Wales-grown passions and mandarins are due from Sydney ex the Manuka, and a * on Inar 'i e t on Monday. A further shipment of New South Walesgrown fruit is expected within the .next govoii or eight' days. Fairly good supplies of apples and pears have arrived from Otago Central, Canterbury, ana Aelsaru Good coloured: desserts meet with, a ready demand, and other sorts aTe also selling well. The demand for vegetables is rather irregular, and prices also fluctuate. Current wholesale prices are as follow:— Dcssort apples: Jonathan, 7s to 9s; Deli-* cious, 11,9 to 16s 6d per case; Cox's Orange Pippin, 6s to 8a; cookers, l§d to 2|d. Hothouse tomatoes: Local, Is 3d to Is 9d per lb; Christchurch, outside-grown, 4d to Pears: Choice, to 3Jd per lb; good, 6s to is per bushel esse. Grapes: Local hothouse, to 3s 3d per lb Oranges: 27s 6di to 35S 6d. Loiaons: Californian, 55s to 60s. Passions: Bestto 11a; inferior, 3s to se: medium, 7s to 9s. ' Carrote: Bags, 2s 6d to 3s 6d; 9s per cwt. Cabbage: Choice, large, 5s to 6s per dozen; sacks, G3 to 6s. Cauliflowers: Medium, 2s to 3s per dozen; choice, 63 to 83 por dozen. Potatoes: Taieri and Oamaru, 8s Gd per cwt. demand ' Js W4O & per sack-krong Vegetable marrows, 14s to 15e 6d per sack Kumeraa, lid to 2d per lb.

LOM>ON 'WOOL MARKET. Messrs Murray, Roberts, and Co. 'have roZZfai ?fo ow ™S cablegram from London, doted 3let nit.: .Crossbred fine declined 10 to 15 per cent.; crossbred medium declined P °? r B i le ? tion of crossbred offering, not sufficient to test the max-

LONDON METAL MARKET. LONDON, June 3. (Received Juno 4, at 11.5 p.m.) Copper. Spot, £92 12s 61; forward, £91 f B bcL Electrolytic.—Spot, £106; forward, £110. Lead.—Spot, £37" forward, £38. Spelter. Spot, £41 15s'; forward, £43 153 Tm.—Spot, £264; forward, £271 10s. Silver, 43 BJd per ounoe—A. and' NZ Cable. ' '

MELBOURNE MARKETS

Pxesa Association—By Telegraph— Copyright -MELBOURNE, June 4 The hide market is very restricted and shows a decline of from 2d to 3d all round Barley : English, 7s Bd, fis; Cape, 6s Bd, 7a Oats: Algerian, 63 2d, 6s 4d. Potatoes £12 103, £13. .Onions, £13 10s, £14.

CHBISTCHURCH PRODUCE MARKET. iI'KR IjK1T«I) PHBBS ASBO<JII.TIOJr.) OTRISTCOTRCH, June 4. Most of this ycur's wheat crop in marketed, and very little freah business hits been Irana-fl-ctod this week. D-eliveries have bcon delayed on account of tlie shorUi-s© of trucks, and linos fl.ro now steadily coming into stores. G-ononilly Bpeaking-j B:unplr.3 aro well XLp to th* quality of autumn deliveries, but in some instances wheat is affected by tho weather. A fair quantity of oats has changed hatnds durinpr the prioos remaining on tho same level as previous quotations. Tlio trading hus, however, be?n mostly among nierchants, and farmery aro not offering" supplies. Th-o opinion among local morclian r t« is that Canterbury prices aro too high to allow of track) to any extant boing dono with Australia. Busings in dim if ha<t Ira quiet. There aro large quantities of chaff, which have Wn sold, still in tho country awaiting delivery, but as there is now a boiler supply of railway trucks, consignments aro steadily commg into tho stores. Lack of coastal shipping still continues. Transactions in tho JNorth Island are alao being delayed owina to wet weather. There lias not been much business effected m potatoes this week, end there has been practioally no shipping to tho North Island 0 ruling rate remanns at £4 p© v ton, at country stations; but a few linos have bee®, •purchased at .£3 15s. Onions aro freely purchased at country stations at from £6 to £G l(b per km. This year's crop, generally speaking is not keeping eound, and, except for odd lines, merchants are not inclined to buy for exportbusiness. A cablegram from Sydney stated that onions chapped to Sydney on the Tarawora were landed in good condition, and sold ai £13 to £14 per ton. Considering tho pnoo quoted! locally, there does not appear to lx> any margin of profit.

Frasor and Co., auctioneers, produce merchants .commission agents, and agents for the Otago Egg Citclo, 146 Crawford street, r" 3 ! !?' „, r «P2rt:—Eggs: Market weak— frceh, -s Gd; Egg Circle eggs, 2s 9d to 3s; preserved, & 3d. Butter: lb pats, separator, Is sd; milled bulk, Is std. Pigs; Good bacon Rights, lOd to lOJd"; porkers, lOd; overweights 4d to 6d, according' to size and quality. Tallow: Market is weaker, from 36s to 46a according to quality. Honey. Good bulk, 8d per lb; 10lb tins, 7s Gd -io Ss; seotions, 9d to 10:1. Beeswax, 2s 4d to 2s Gd Canterbury onkmo: 10a to lis ner cwt. PotaZ toes: Markot easy, at £8 for ba?t quality me<lram from ,£G to £7 per ton. Thomson's eaif meal :100lb bag, 325; 50lb bag, 17s; 251b bag, 9s. Triumph incub»ators: £14* 250-egg, £18; 375-egg, £22 10s; £28'. Poultry: We held our usual weekly salo on Wednesday at 1.30, when the following prices wero rc-a.lwcd: —Hons—26 at 4s lOd, 15 at ss, 15 at 5s 2d, 25 at 5s 4d, 45 at 5s G;l, 16 at 13 6d; roostsis—l7 at 4s 2d. 22 at ss, 15 at 5s 4d; cockerels—l 3at 4s lOd, 15 at sa, 19 tr 7s; ducks—from 5s 6d to 6s 8± (all at -pair ; turlcevs— gobbleiß, Is 4d; hens, Is 2d .per lb, "lh'e weight.

WINTER HORSE BALE.

"Wright, Stephenson, and Co. report:—"We hold onr annual winter horso sale on Thursday and! Friday, when we submitted 21S horses. The quality, generally speaking, was considerably better than last year. Amongst these were a, few horses o£ outstanding merit, and t,-o can safely eay this is the best horso sal© v;e have had for several years. We sole} 162 horses, those unsold being prao-tica-lly rill aged and inferior animals, with a sprinkling of poorly-grown youngsters and hacks. The demand at tlio beginning of the sole was. good, and prices for all good sound young horses were maintained through-out. Consignments came from <ill over Otago cud Southland, and buyers wero present from Christchurch to Bluff. The sales inclucfed the following:—Cn account of \V. Cowan (Sandymount), a well-bred six-year-old maro by _ Baron Bold, to H. L. Brown (Pleasant Point) for ,-ClCo, a four-year-old mare to H. L. Brown for £60; acount'Bushey Park Estate (Palrnersion), a six-year-old gelding to A. BTadfiold (Clinton), for £58; account Johnston and Robertson, a four-year-old gelding to Jarrah Timber Company (Christchurch), for £56; account 11. A. Thomson (Otokia-), a five-year-old mare to J. E. Cameron (Timr.ru), for £55; account J. and C Campbell (Allanton), a seven-year-old marc to C. T. 'Cross (Waihao Dowrfs), for £53; acount Alex. Campbell (Milton), a, fiver-year-old gelding to H. Ir. Brown, for £51; account W. T. Mathevraon (Kokongo), a six-year-old gelding to A. Bradfiold for £51; account L. a Hazlett (Salisbury Estate), a six-vear-old gelc&ioto J. Speight and Co. for £50; account J. Raid (Oamaru), a four-year-old maro to JJ W. Lyon for £50; account H. TisdaJl (Middlemarch), a well-bred roar© to £1. L. Brown for £*16; account Johnston and Robertson, a five-year-old gelding to W. Lindsay, jun., for £45; account J. Cowie (Milton), a seven-year-old mare to New Zealand Express Company for £44; account A. W. Douglass (Tumai Estate), a six-year-old mare to J. E. Cameron for £43; account Kenyon Bros. (Merton) a three-year-old filly (unbroken) to C. T. Cross for £13; account J. Mj'G-rath (Wa-ikouaiti) a five-year-old gelding to J. G. Wyllio for £42;

account A. W. Douglass, two mares and geldings at £41; and on account of other sin ■ mareß un<l R° ldin gs at from £35 to '. * . n-cca compared with tho oorrosponding ° , la f wero letter to the oxtont ol fi f l2 £15 P° r lleild - A » >'« usual at this fixture, thero was no difficulty in quitting sound, young stork. Aged and "inferior wifworo as usual a drag on the market.

• LONDON' MARKETS.

„ . LONDON, June 3. At ..^ Kocc ' 1 T« l Jtmo 5 at 0.40 a.m.) m the wool sala? a better tone, continues ° i ■ with tho exception of low l m . wools. Beat merinos are distinctly ,™7> ' !nul is improved coimpotiency scoured with a firmer tend- * JF/ 10 Br&dfbnl murkot shows a slightly tor tone, though it i,<j irregular. SixtyTOi B ™ ? 132 - M's SOd, 50's G2d. Wheat.—Tho market is quiet, with small aitooations on passage and spot. allocated^ 8 800(1 dorttaml > but with little market is dull. La Plata's, on spot, ' Beans.—Tho market is quiet, and steady. ency 18 — market has an easing t endSugar is unchanged. Tho Athenic's shipment of Now Zcalaoid pears landed in a variable condition, many being eoft and wasting. Tho apples w-oro of excellent quality and condition, selling up to full control prices. Tho trade considers them quito eqtinl to the best Australian.—A. and N.Z. Ocblo '

EXPORTATION OP FLOUR.

It has been decided that after the Ist July th* export of flour to Fiji and the Society Islands will not bo permitted except on a special permit issued on the recommends tion of the Board of Tradb.

PROPERTY SALE.

Messrs Alex. Harris and Co. report having 1 >r a TT ry successful auction sale on behalf . ~ r Georgp Jfethv-on. The properties are situated in G-oodnll street, Caversham. House . ) containing eight rooms and modern appointments, after spirited bidding, was knocked down to Mt W. L. Lee for £605; house Ao. 35, adjoining* above, and containing WaS B ° ld Mr Henry D - Lamb

SALE OF FAT STOCK. c^?1 tTon , a^{1 ' Morris, end Co. report having sold, at the salo of stock at tho Otogo Agrif n< ? Pa ?! oral Society's Show, the following stock: —For William Moynihan (Ngapuua), 3 pens fat Jambs to £4.