COMMERCIAL.

Otago Daily Times, Issue 18324, 15 August 1921, Page 4

COMMERCIAL.

Daily Times Office, Saturday Morning. 1 Exlo macaroni and verroecilli, an agency ,T line, manufactured in New Zealand, is quoted 1 at 7s per dozen. r Oreamoata is now being made in a special rolled or coarse grade. 1 A shipment of Macclesfield's bluestone is “ duo to arrive shortly. It will be in time for tho new season’s spraying. The quotation, is 55s per cwt. Slocks of Granos© biscuits ore again in ' short supply, the manufacturers being unable 1 to fill all the demands. 1 The manufacturers of Highlander milk ®d- * vise that prices will remain unchanged until December 31. 1 The quotation for Nazol is 14s per dozen. ’ Double Zig-zags are available at 11s Gd > per box. . A shipment of Santa Clara prunes, 80’s-90’s, 1 is due to arrive next week. These are being 1 offered at 6Jd per lb, 70's-80’s at 7id, ’ There are no stocks of drained cherries in • merchants' hands at present. \ Cable advice from Ceylon this week an- > nouncos an increase in the price of broken pekoe teas of IJd per lb. Quotations from Australia for dressed rice 1 have been -withdrawn, and merchants are at present declining to offer in any quantity A small parcel of Smyrna figs, 28lb, has just arrived. These are being eold at lljd per ib. . It is difficult to obtain supplies of cheese ■ at the present time, factories evidently preferring to wait until tho trend of the Home market is ascertainable. SOUTHLAND MARKET REPORT. (From Our Own Correspondent.) INVERCARGILL, August 13. ’ Oats. —There is little to report for tho past week, although a few transactions have taken 1 plaoa between merchants and growers at 2s 7d per bushel for A grade Gaxtons and dune, at convenient sidings. Northern ideas are not on a parity with these prices, but as the stocks on merchants’ hands are decidedly 1 limited, tho general opinion of merchants is that prices must, if anything, advance, and it is difficult to find sellers at leee than 3s , 6d for B Gartens, f.0.b., e.i Chaff.—Considerable offerings have been made by growers during the past week, and as there is no outside market, values have dropped to £3 10s, on trucks, at country sid--1 ings, for prim© quality. Ryegrass.—This market is still moving upward, and really prime seed from tho mill requiring little dressing is worth up to 3s 9d ’ per bushel, and this price might be occasionally exceeded for something of exceptional weight. To-day’e values aro round about 5s for machine dressed 301 b seed. stock. —Tho stock market has eased slightly during the week, and tho prices quoted last week are about Is or 2s better than these ruling to-day. This is most noticeable in breeding owes, which have dropped fully 2s per head. Yardings are smaller, and there is not so much coming forward. The reason of tho reduced prices may be put down to the shortage of-feed. The store cattle market is about the same and fat cattle are a little easier, a drop of 5s per 1001 b being noticeable. The following prices may be quoted; Fat Cattle. —Prime ox beef, from 40s to 42s per 1001 b; average prime, from 37s to 395; oow beef, from 32s to 355; inferior quality, down to 28s; extra prime bullocks, from .£l7 to £l9; prime, from £l6 to £l7; inferior, down to £11; dxtra prime cows, from £lO to £l2; average, £7 to £8 10s; inferior,* down to £6; extra prime heifers, from £l2 to £l4; prime, from £lO to £ll 10s; inferior, down to £7. Store Cattle.—Forward three and four-ycer-old bullocks, from £9 10s to £lO 10s; two and two and a-half-year-old steers, from £4 10s to £5 15s; extra good condition, up to £G 10s; yearly and eighteen month steers, from 30s to £2 ss. Dairy Cows.—Extra good factory calvers, from £ls to £l7; ordinary dairy cows, from £lO to £ll 10s; inferior, down to £7; extra good three-year-old heifers, factory culvers, liom £ll to £l2 10s; ordinary heifers, from £8 to £9 10s. Fat Sheep.—Extra prime wether mutton ie bringing from 3Jd to 4d per lb; extra prime wethers, from 34« to 265; average, from 20s to 21s 6d; unfinished, down to 17s; extra prime ewes, from 15a to 16e 6d; prime, from 12s to 14s; inferior, down to 9s 6d. Store Sheep.—Forward two and four-tooth wethers, from 17s to 18s 6d; average, from 14s to 15s Gd; inferior or cull, from 10s to Us 6d; m.s. lambs (good sorts), from 11s to 12s; average, from 9s 6d to 10s 6d; unfinished, down to Gs; two end four-tooth ewes, in lamb, from 19a 6d to 20a Gd; extra good four and six-tooth ewe®, up to 235; sound-mouth ewes, from I7s to 18s; full and failing mouth ewes, 12s to 14s THE OAMARU MARKETS. (From Our Own Correspondent.) OAMARU, August 13. The local markets are still lacking of animation even in any solitary direction. Tho dulnesa to which business circles have 'become accustomed of late was this week intensified by the absence from Oamaru of those closely concerned with the markets, allured away by the attractions of tho Grand National week. So far as the grain market is concerned, the fag end of the wheat season has been reached. No offers in any bulk have been made, and tho week’s business has been confined to small lota—the clearings up of bams and tho remnants from seed sowings. Tho winter sowing has now been about completed, and it is computed that the increae© in area under wheat is fully 60 per cent, over that of last year, which means a total of something like 30,000 acres —a, total far in excess of anything known in North Otago for a great many years. Farmers have been induced to turn more largely to wheat growing because it offers a bettor prospect of profit than any other rural enterprise outside of laborious dairying. The seed has been sown under favourable conditions, and has been followed by a timely rain that should ensure early and strong germination. Oats continue to move off slowly, sales being few and of no magnitude. Prices remain without quotable change. Good milling Gartens have changed hands at country stations at 3s net, and 3s less commission, and A grade Cartons at 2s lOd net. Cape barley has been on offer from the country, but no buyers have been found at prices eatisfactory to growers. The market for cowgrass seed has weakened and, while one small special lot was taken at Is net, at a country station, the rest of a modest amount of business was done at 9Jd end lOd. There has been no chaff coming forward, and potatoes have sunk so low in value that growers cannot discover any wisdom in breaking pits. Tho stock market has been exceedingly quiet. To begin with, tho weekly sale was abandoned, and the only transactions by private treaty in sheep reported are a lino of 100 four, six, and eight-tooth ewes, in lamb, at 20s, and a Jin© of fat wethers at 21s. Business in cattle has been restricted to dairy stock, for which there ie still an outside demand. Good quality cows at profit have been eold at up to £l6, and other sales have boen made at tho following prices; all classes being spring calvers. Cows, £lO to £l3; mixed 2J and three-year-old heifers, £8 5s to £10; 2i-year-old heifers, £7 10s. LONDON MARKETS. LONDON, August 13. (Received August 14, at 5.5 p.m.) Cotton. —Liverpool quotation, American upland, September delivery, 8.78 d per lb. Jute. —The market is irregular. Old crop, August-September shipment, £27 per ton. 1 Hemp.—New Zealand is steady. AugustOotober shipment, £3B per ton. Rubber.—Fine hard Para, 12Jd; plantation first latex crepe, BJd per lb; smoked ribbed sheet, Bid. Linseed oil, £39 per ton, equal to 3s lid per gallon. Turpentine, CBs per cwt, equal to 5s 1 J<l per gallon. . » Copra.—The market is fluctuating, sellers asking £34 per ton for Angust-October shipment. The Wheat Commission has completed the sale of its reserve stocks. —A. and N.Z. Cable.

PEICE OF BUTTER RAISED. Preas Association—By Telegraph—Copyright LONDON, August 12. The Government has raised the price of butter 5s all round, making first-grado New Zealand 262 s and Australian 2465.—A. and N.Z. Cable. * LONDON SHARE MARKET. LONDON, August 12. Waihi Junction shares, 8s 6d.—A. and N.Z. Cable. ♦ LINCOLN SHEEP SALE. SLUMP IN PRICES.. LONDON, August 12. The absence of Argentine buyers caused a heavy slump in the Lincoln sheep sale prices. Only 162 out of 370 -were sold the average price being 255, compared! with 41s last year. The highest price was 1475, compared with 1050 s last year and 16S0s in 1919.—A. and N.Z. Cable. * FROZEN MEAT MARKET. LONDON, August 13. (Received August 14, at 5.5 p.m.) Mutton.—Canterbury, heavy, 6|d; New Zealand ewes, sgd; South American heavy, 6|d-} ewes, 5Jd; Patagonian, light, 6Jd. Beef. —Argentine frozen, fores, 4Jd; hinds, 9d ; Uruguayan, fores, 3£d; hinds, 6Jd; Argentine chilled, forces, s£d; hinds, lljd.— A. and N.Z. Cable. GOVERNMENT SECURITIES. Press Association—By Telegraph—Copyright LONDON, August 11. The following are the latest quotations for Government securities, with a comparison with those ruling last week :

THE FRUIT AND" PRODUCE WORLD. Reilly's Central Produce Mart, Ltd., reports:—ltfTß© quantities of flowers continue to arrive, «11 of which meet an excellent demand. Cabbage and cauliflowers are in keen, demand. Good cooking and dessert apples are receiving more attention; Full supplies of oversea fruits available. Poorman oranges now in full supply, and customers would bo well advised to place their orders at once. Stamped eggs have sold freely, though at prices somewhat lower than those ruling for some years. Bacon pigs and table poultry aro eagerly inquired for. Table and seed potato sales are in favour of buyers. Flowers, Ds to lis 9d; narcissi, 6s 6d to 10s dozen. Apples: Delicious, wanted; Stunners, 10s to 12s; Jonathans, 12s; Lord Wolseleys, 9s Gd; Cleopatras, 9s, 10s; Dunn's Favourite, 8s; cookers, 8s for choice; inferior, 4s, 6s per case. Oranges: Adelaide Navels, Valencias, and Poormanß arriving per Paloona; American Valencies, 88s; Sovilles, 20s. Mandarins: Choice, to 225. Lemons: American, 455; Adelaide, 20s 6d. Pines, 25s for choice; green, to 17s. Bananas: Choice ripe, 40s; Suvas, to arrive. Passions, 16s 6d per case. Goooanuts, 22s sock. Pears: Prime quality wanted. Tomatoes: Locals, to 2s OJd. i"eanute: Best quality swelled, 6d. Butter, Is lOd. Honey: Bulk, 7Jd, 8d; sections wanted. Beeswax, 2s, 2s 3d. Bacon pige, to 9J-d; porkers, 9d; choppers, 4§d, 6d. Tea: Choice, 2s 4<H per lb in 10lb boxes. Rabbitskins: Winter does, 30d to 78d ; bucks. 21d to 60d; racks, 7d to 13d per lb. Tallow, lis, 13s cwt. Bargreave's choice canned pineapples, 19s. Eggs: Stamped, Is 9d, Is lOd. Cauliflowers, to 12s 6d for choice. Cabbage, 6s Brussels sprouts, 6s per case. Fruit trees: Two-year-old best quality apples, £7 10s per 100.1 Roses: Latest novelties, 12s to 20s per dozen. Table carrots, 6s 6d. Swede turnips, 2a 6d, slow sale. Parsnips, 7s 6d. Potatoes: Canterbury Reds, 2s 9d; whites, 3s 9d: Southland, ss; locals, sg; Southland Seed, Bs, 10s; Onions: Canterbury, 6s; Melbourne, 3s 6d cwt. Oyster shell grit, 9s. Incubators, 60s, to 4205; Hatcho incubators. 7s 6d. Poultry:' Ducks, 10s; hens, from 3s 6d to 9s; cockerels, from 4s 6d to 8s 6d per pair; turkeys realised! from Is 2fd to Is 3Jd per lb. E. OSWALD REILLY, Managing Director, Moray place, Dunedin.

L: c. 1 Phis wc^ k. 2} per cent. Imp. Con. £49 10 b £48 10 0 S per cent. Imp. War Loan ... 88 2 6 88 2 f 3$ per cent. Imp. War Loan 8G 10 0 86 10 0 per cent. O'wealth Loan... 98 12 6 99 0 0 per cent. C'wonlth Loan 95 12 6 95 10 0 N.S.W. 4's, 1938, Jan.-Julv... 7G 15 0 77 0 0 N.S.W. 3i's, 1935-50, Jan.-July 63 12 6 63 12 6 N.S.W. 3's, 1D35, April-Oct.... 68 0 0 G8 0 0 N.S.W. 5J 96 10 0 96 0 0 N.S.W. 6i - s 102 10 0 102 15 0 Vic. 4's, 1921-6, Jan.-July ... 87 10 0 88 5 0 Vic. 31's, 1929-40, .Tan.-Jnly... 64 0 0 64 10 0 Vic. 3's, 1929-49, Jan.-July... 56 15 0 57 0 0 Q'lanrt 4's, 1924, ,Tan.-Jn!v ... 90 0 0 90 0 0 Q'lanrt ."IJ's, 1921-24, J*n.-Jnlv 89 0 0 89 0 0 Q'land 3's. 11)22-47, Jan.-July 56 5 0 56 10 0 N.Z. 4's, 1929, May-Nov. 85 12 6 85 12 6 N.Z. 3i'g, 1940, Jan.-July ... 70 0 0 70 0 0 N.Z. 3's, 1945, April-October 60 5 O 60 12 6 S.A. 3's, 1030, Jan.-July 52 0 0 52 10 0 S.A. 3's, 1045 or after 67 15 0 68 2 6 Tas. 3J's, 1920-40, Jan.-Jnly 68 15 0 68 17 6 Tan. 3's, 1920-40, Jan.-July... 63 0 0 63 0 0 W.A. 3|'s, 1920-35, Mav-Jnly 72 0 0 72 6 0 W.A. 3's. 1915-38, Mav-Nov. 68 2 6 68 2 6 —A. and N.Z. Cable.