COMMERCIAL.

Otago Daily Times, Issue 18542, 1 May 1922, Page 4

COMMERCIAL.

Daily Times Office, Saturday morning. Certain brands o£ jams show a reduction in price. Oak shredded marmalade is now quoted at 19s 6d tor lib jams, SI for twos, and 12s 6d and 24 for tins.

A parcel of golden alirfcd marmalade, the first to arrive tor five years, has just made its appearance on the local market. Paper and paper bags have been sligh'ly reduced in price. The Cornwall is bringing supplies of M’Clinton’s Barilla soap and homo handy mops. Goar meats and pastes have been reduced in price. Caustic soda is in short supply, but fresn lines are expected immediately. Small stocks of Egyptian lentils are held by merchants. It is only recently that this article has again come on the market. Further supplies are expected. Shipments of Chinese walnuts and pea nuts have landed during the week. The Paloona brought further supplies of Australian sultanas. Three Castle and Capstan tobaccos are only available in very small lots. Tho Waimarino is expected to arrive with direct shipments of sago, tapioca, and pines in about five weeks’ time. Ueoldtt’s cream tints are again available at 27s per gross. Exlo macaroni has been advanced to 7s 9d per dozen and Exlo vermccelli to 8s per dozen. LONDON MARKETS. Press Association —By Telegraph—Copyright LONDON, April 28. Cotton; The Liverpool quotation for American middling upland, May delivery, is 10.6 d per lb. Rubber: Fine hard Para, 10|d per lb; plantation, first latex crepe, B£d; smoked ribbed sheet, Bfd. New Zealand hemp; April-June shipment, JCfl per ton. Jute: Native first marks, April-May shipment, £-29 5s per ton. Copra: The market fs irregular. South Sea bagged, April-June shipment, £23 10a per ton. Linseed oil, £42 16s per ton (equal to 3a 5d ter gallon). Turpentine, 84s 6d per owt (equal to Ss 4Jd per gallon).—A. and N.Z. Cable. FROZEN MEAT, Press Association —By Telesranh—Copyright LONDON, April 2s. ‘ Mutton.—New Zealand ewes, 6jd; Australian seconds, 6jd; ewes, 6|d; South American ewes, 6id. Lamb.—Saiflhland, HJd; North Island selected, llgd. Frozen Beef.—Argentine fores, 8d; hinds, BJd; chilled Argentine fores, 4|d; hinds. 7Jd. Other meats are unchanged.—A. and N.Z. Cable. NEW ZEALAND LOAN AND ftROANTILB. ■; Prees Association—By Telegraph—Copyright LONDON, April 28. The Now Zealand Loan and Mercantile Agency Company has declared no interim dividend on ordinary stock owing to the continuance of unfavourable business condition* in New Zealand.—A. and N.Z. Cable. LONDON WHEAT MARKET. Press Association—By Telegraph—Copyright LONDON, April 28. Wheat cargoes are meeting with little inquiry, Two thousand tops, part of a steamer shipment on passage to Swansea, was kdd at 57s 6d per quarter,—A. and N.Z. Cable. LONDON TALLOW MARKET. The New Zealand .Loan and Meroantile Agency Co. has received the following cablegram from London, dated April 96: Tallow: We quote present spot values for the following descriptions: Fine mutton, 42s per cwt; good beef, 39a 6d per cwt; mixed, Els 3d pei* cwt. Market quiet. OAMARU MARKETS. □Tbou Gun Own CosnrRPONDWT.J OAMARU, April 99. The threshing mills are still busy, and a fairly large quantity of wheat is coining forward. The consignments have included a number of good clean lines, but there have also been several lots ,of dirty grain containing foreign ,matter in the shape of oats, barley, etc. The latter are being, held up in the meantime, as the millers refuse to take them until they are dreseed. Fairly brisk business has been done during the week, some good-sized lines having changed hands. The sales have included lots of 1000, 800, and 600 sacks of mixed varieties. The market tor fowl wheat is weaker. North Island merchants are fully supplied, and are not keen to buy at present. Prices, range from 4s 3d to. 4s 5d per bushel, according to quality. The oats market has eased a litjle during (the week, and values may be quoted os follows ;—A grade Cartons, 2s 7d fcer bushel; B grade, 2s sd, on trucks at country station a. The inquiry is not so keen os it was. There have been fair offerings on the market, but farmers are reluctant to sell at present values, preferring to hold on in the hope that prices may improve ■ later on. No sales of barley have actually been made, but there is a better inquiry for the Cape variety for seed purposes. Inferior and feeding lines are quite neglected. There is nothing doing in seeds of any description, and no lines are offering at present.

There is still a good deal of activity in tho sheep market, and soma substantial lines have changed hands during the week. The demand for good sheep is keen, but travelstained sorts are neglected. Good forward wethers and lambs readj for immediate fattening meet with a very ready sale, and tho same remark applies to really good breeding ewes. The supply is nearly equal to the demand. In view of the fact that a number of farmers are likely to give up, cropping in favour of sheep, it is considered that the market will remain firm, with the probability of a hardening tendency later on. Farmers are busy mating their sheep at present, and a good deal of the time of the agents has been occupied in procuring suitable mms. The demand for breeding ewes is scarcely as pood as it was, farmers having practically filled their wants.

There was an exceptionally large yarding at Waiareka on Wednesday, some 2500 fata and over 4000 store sheep being penned. There was a.good demand for all fats, and exporters competed fteely for everything offered. Prime lambs brought from 27s 6d to 28s 6d; extra prim© to 30s; medium, 25s to 26s 6d; small, 22s 6d to 23s 6d; prime wethers, 19s to 23a Gd; extra prime, to 25s 6d; prim© ewes, 14a 6d to 16a 9d; extra prime, to 16s 6d; light, 12s Bd to 13s 6d. ■

Store Sheep.—Four, six, and eight-tooth ewes brought 22s to 235; medium, 19a 6d to 21s 6d; sound-mouthed halfbred ewes, 17a 6d to 19s 8d; medium, 16s 6d to 16a 6d; failingmouth ewes, 9s to 11s 6tl; small and medium, Bs to 7s Id; store wethers, 18s 9d to 20a; extra, to 22s 6d; store lamlis, 18s Id to 19a; extra, to 20s lOd.

At the Duntroon sale on Thursday the entry comprised about 800 fat sheep and some 3500 stores. There was a small attendance, bidding for store sheep was hardly as good as it was last week. Although the bulk of the entry was cleared, lower prices had to be accepted. For fat sheep good prices were obtained. Fat lambs, 25s 6d to 26s 6d; prime wethers, %2a 6d to 25s ;> medium, 19s 6d to 21s 6d; prime ewes, 13a 6d to 14s 6d; extra, to IBs 6d; light and inferior, Us to 12s 6d. Store sheep; Four, six, and eighttooth ewes, 21s to 22s 6d; two-toot l ' ewes, small, 21s; aged ewes, 10s to 12s Od; inferior, 5s to 7s. Store lambs: Good, 18s 6d' to 19s 6d; medium, 16s 6d to IBs 6d; four and six-tooth wethers, 17s 6d to 19a 6d; eight-tooth, 14s 6d to 16s. There was a small yarding of«cattle at Duntroon. Eight fat bullocks realised £7; four fat cows, £2 15s; yearlings, 30a; two-year-old steers, £3 10s. During week salea have been made at the following rates: —Fat lambs, 26s to 27s 6d; extra, to 30s; four, six, and eighttooth Romney cross ewes, the ages being equally proportioned, 22a 6d; halfbrod do, to 21s 6d; two and four-tooth crossbred ewes, to 24s 6d ; fat and forward wethers, 21s; four, six, and eight-tooth breeding ewes, 21s; fourtooth three-quarterbred wethers, in forward condition, to 19s 6d; half bred wether lambs, 13s 3d; rape ewes, 10a to 13s; cull owes, 6a Id, The market for cattle is still practically lifeless, but the position is a shade better than it, was a week ago. Very few transactions, however, have been recorded. Good dairy cows, guaranteed sound and right at profit, are. in demand, and sales have been made at up to £l2. SOUTHLAND PRODUCE MARKETS. [From 0d» Own Correspondent.) INVERCARGILL, April 29. Oats.—-Prices to growers since last report have decidedly receded, and are now more in line with f.0.h., s.i. values, A grade Cartons do not command to-dlay more than 2s 8d on trucks, and that figure only at handy sidings. Even this is somewhat in excess of f.o.h. values, and although one or two isolated sales have been made at 3s 3id, actual values cun hardly be taken as exceeding 3s 3d, even if that price at tame of writing is obtainable. The price for B grade Gartens to growers is in region of 2s Sd on trucks, according to situation. Undergrade oats, of which a good quantity is offering, and which can only be used for local consumption, do not command more than 2s per bushel, when of tfound quality. Chaff—Fair offerings of old chaff continue to be made, and for this £3 10s on trucks is still maintained, despite growers’ expectations of higher values. New chaff, which is also offering, is in very little demand on

account of objection to its use bo early in the season. Sales have been made at £3 Ss on trucks. '

Ryegrass.—-There is a very decided downward tendency in this market duo to the small amount of business passing with other centres, and also to the fact that several of the larger buyers are not operating. Well-milled 241 b seed does not command to-day more than 3a 8d on trucks ,in comparison with 3s 94 or thereabouts a fortnight ago. Lower weights have fallen in proportion, while light-weight seed does not extract a bid from buyers.

SOUTHLAND STOCK MARKET. (Fkou Oub Own Corbespondbnt.) INVERCARGILL, April 29. At country sales during the past week large numbers of store sheep have been offering, prices being equal to those ruling during the post fortnight. There has been a keen dbmand for store wethers and good forward lamb*. If anything, breeding ewes eased off slightly, inquiry being not quite SO keen. There have been a, few inquiries from the north for extra prime fat cattle, also prime wethers. The following prices may bo quoted;— Fat Cattle. —Extra prime ox beef, 27s to 30s per 1001 b; prime, 24s to 265; cow beef, 12s to 16s; extra prime bullock?, £l2 10s to 13 ss; average prime, £7 10s to £8 15a ;• inferior, down to £6; extra prime cows, £4 10s to IQs; average prime, £3 to £3 15s; inferior, down to £2. Fat Sheep.—Extra prime wethers, 25s to 26s 6d; average prime, 22s to 23s 6d; inferior, down to 21s; extra prime ewes, 15s 6d to 16b 64; average prime, 14s to 14s Cd; inferior, down to 12a.

Pat Lambs, 8d per lb; extra prime, 26s to 275; average prime, 23e to 24s 6d; inferior down to 21s.

Store Cattle.—Three and four-year-old steersi £4 IBs to £5 10s; two and a-half year old steera, £2 15s to £3 10s; yearling to 18 months, 30s to 37s 6d. Store Sheep.—Four and six-tooth ewes, 22s to 23s 6d; eight-tooth ewes, 90s to 21s; full and failing-mouth, 11s to 13e, according to condition; forward lambs, 178 to 18s 6d; average lambs, lis 6d to 14s 6d; inferior and cully, down to 7s tid; two-tooth wethers, fair, 17s to 18s 6d; extra good, up to 20s; inferior, down to 14s; forward four and.sixtooth wethers, 20s to 21s.

THE FRUIT AND PRODUCE WORLD,

Reilly’s Central Produce M art (Ltd.) report:—A fair amount of business passing, and all commodities ore realising very eotiofaotory prices. Walnuts and cooking apple* are wanted. We received and e°Wl: —Strawberry plants: Laxton’s Noble, 40s; Fillbaskete, 80? to 40s; _Bttersburg, 30s per thousand. Errington’s Champion sweet peas; 6s for collection of 12 varieties. Violets, 4s to 7s par dozen. Grapes: Locals) Gros Colmas, 2s; others. to Is 9jd; Oamarn, 9d to Is 6d. Quinces, 3Jd. Tomatoes: Christchurch firsts, to 4'id; seconds to 2jd; locals, to Bid; Central, to 4jd. Garlic, ip 2jd. Eschallots, to 2Jd. Green peas; Choice, to SJd. Pickling Onions, to lid. Celery, 6d to la per dozen. Potatoes; Locals, to 8s; Oumaru, to 6a 6d; Taieri, to 7a 6d owt; prime quality, £5 6a ex truck; others to £4 10s. Hothouse cucumbers, 4s to ss; small, 2s 6d to 3s 6d. Lettuce: Choice, to. 2a dozen. Apples: Choice Cox’s, to 12s; Delicious, 12s to 14s; Jonathons, 8s to 10s 6d; other desserts, 7s to Baf cooking, 7s to 8s 6d. Pears; 8.C.. 7s 6d; ML., 12s; Conference, to 12s; Winter Coice, 12s; Winter Nelifl, 12s. Lemons: American "Pacific” brand, 60s. Pineapples, to 30s. Oranges: American, 60s; Tahiti, 225. Bananas: Ripe, 435. Preserved ginger, Is. Peanuts: Beet.quality shelled, 6d-, unshelled, to fed. Walnut?, la to Is 4id. Almonds, lid to 19 Id. Factory cheese, mild, Bid, 9d. Butter: Dairy, to Is 3d; milled, Is- 4d. Honey; Bulk, to 65d; sections, 8s to lOe; jib pats, to 6s per dozen. Bacon pig*; Prime porkers, to 7d; primS baconerß, 7dj heavy-weights, to 6d; choppers, 3d. Golden Bgy bacon; Rolls, Is Id; hams, 1? Id; boneless, Is 2d. Eggs; Stamped, 2s 19d; cased, 2s 8d; preserved (fllow sale), Is 9d. Cauliflowers, to 7s for choice. Cabbage, to 2s 6d per dozen. Vegetable marrows, 6s. Pumpkins, 9s. Onions: Canterbury, os. Carrots, 6*. Parsnips, 7s. Poultry: Hens realised 3s to cockerels realised 8s 9d to ss; ducks realised 9s (all at per pair). E. OSWALD REILLY, Managing director, Moray piece, Dunedin.