COMMERCIAL.

Otago Daily Times, Issue 18687, 17 October 1922, Page 4

COMMERCIAL.

THE WHEAT MARKET. PreM Awasiation— by Telegiaph—Copyright LONDON, October 15. Wheat cargoes aro firmly held. Sellers aro asking 3d advance. Parcels are quiet after a week of advances. —A, and N.Z. Cable. WORLD'S WHEAT YIELD. LONDON, October 14. The world’s wheat yield is estimated at 377,090,000 quarters, compared with 382,000,000 last year.—A. and N.Z. Cab-e. SYDNEY WOOL SALES. SYDNEY, October 16. (Received Oct. 16, at 9.50 P-m.) The wool sales wore continued. There was a large attendance of buyers, and though most of the offerings were burry, competition was keen, late firm ratas being maintained. GRAIN AND PRODUCE REPORT. Messrs Donald Reid and 00. report as under: — _ _ Oats.—We quote A Gartons, 2s 8d; B G artons, 2s sd! to 2s 6d: undergrade, Is 8d w Potatoes.—Good tables, free from blight, £B. Chaff. —Prime quality, £4 12s 6d; medium, light, and discoloured, £2 10s to £4, sacks extra. Messrs Dalgety and Co. report as follows: Oats.—Grade oats are in good demand and prices are slightly firmer. We quote: A Gartons, 2s ’Bd; B Gartons, 2s 5,d; undergrade, from Is 9d per bushel, sacks extra. Potatoes.—The small quantities arriving are meeting with a good demand. Prime tables are firm at £8 per ton, sacks in. Chaff.—The market is unchanged. The only demand is for prime quality. We quote: Prime oaten sheaf, to £4 12s 6d; good to b:st feed, £4 to £4 7s 6d; inferior, from £2 10s per ton, sacks extra. SHEEPSKINS SALE, Messrs Dalgety and Co. report having received the following cable from London, dated October 13; "Three thousand five hundred and seventyfive hales sheepskins. Australasian: 700 Puntft offered; bulk sold; number of buyers is large; good competition. American buyers are buying freely. As compared with last sale’s closing rates, merinos, none offered; merino three-quarter woollod, prices are higher by Id; merino half woolled, prices are higher -by 2d; fine medium crossbred, full woolled, prices are higher by ltd to 2d; crossbred three-quarter woolled, higher by IJd to 2d; coarse, unchanged; fine medium crossbred half wtfolled, prices aro higher by ]Jd to 2d; coarse, unchanged; crossbred, short woolled and shorn pelts, prices aro Jd higher; lambs, crossbred, are higher by IJd to 2d.” LONDON WOOL SALES. Messrs Murray, Roberts, and Co, have received the following wool market quotations from London, dated the 13th inst: Opening of Present Series. Series, d. d. New Zealand merino 60/64’a, yielding 48 per cent. •• 50’s balfbred yielding 65 per cent. 14 14| 44,’46's crossbred preparing yielding 74 per cent, _.. 9 9J 44|4G’s, crossbred carding yielding 1 72 per cent. .. 8J 8J 40/44’s crossbred, yielding 70 per cent, • • • • 86/40’s crossbred yielding 75 per cent RABBITSKIN MARKET REPORT. The Dunedin Woolbrokers’ Association (Messrs Dalgety and Co. (Ltd.), Todd Bros. (Ltd.), National Mortgage . and Agency Company (Ltd.), New Zealand Loan and Mercantile Agency Co. _ (Ltd.), Otago Farmers’ Co-operative Association (Ltd.), Donald Reid and Co. (Ltd.), Stronach, Morris, and Co., (Ltd.), and Wright, Stephenson, and Co. (Ltd.), report as follows; —Tho usual fortnightly sale was held yesterday, when medium-sized catalogues were offered to a full attendance of buyers. Competition was erratic and prices for winter skins were easier, more especially for winter bucks, which showed a decline of 3d to 5d a lb on lato ruling rates. Prime winter docs, to 90Jd; prime winter bucks, to 80Jd; first winter bucks, to 74Jd; first winter does, to 84Jd; second winter does, 66d to 69J-. second. winter bucks, Gkl to GBd; incoming and early winters, Old to Gsd; autumns, to 43Jcl; outgoings, to 42d; racks, 24d to 27Jd, light racks, 21*ld; springe, to 2f?d; summers, to 19d; milky does, to 24A1; small, 8d to 9d; winter black, to 72d; autumn black, 32Jd; winter fawn, 70d; hareskins, 28d to 36d; horsehair, 36Jd.

INQUIRIES FOR PORK. (Per United Press Association.) WELLINGTON, October IS. The Meat Producers’ Board has received a cable stating that inquiries aro being made in London for carcases of pork at 1201 b to 180 lb, suitable for curing, and up to 80lb as porkers. The board is asked to indicate what Now Zealand sellers are prepared to quota c.i.f., and Home buyers' ideas of prices aro stated to be 8d to 9d per lb. SHIPPING INDUSTRY CONDITIONS. Presiding on August 31 at the meeting of Furness, Withy, and Co., Ltd., Sir Frederick W. Lewis dealt at length with the general ■position in the shipping industry, and it was not a very encouraging picture that he drew of the situation. He was, however, not without hopo of a gradual improvement in conditions, and expressed his confidence in the continued prosperity of the company. The shipping situation at present he said, was no better than when tho shareholders met last year, with the exception that a good deal of progress had been made in reducing expenses. Freights usually were on an average only about one-fifth of what they were during 1920, which was simply tho reflection of tailing trade, and the result was that there were on July 1 laid np in home ports alone no fewer than about 532 vessels, of just over 1,000,000 tons net register, or 2,500,00 tons d.w. Thai was to say, 10 per cent, of tho British mercantile fleet was lying idle for lack of profitable employment. Part of that tonnago was probably obsolete, but. none the leas, it was obvious that there needed to be a very substantial revival in international trade before all that idle tonnago was absorbed. Scott Bros., produce merchants and commission. agents, agents for tho Egg and Poultry Growers’ Association, Duneim, report:—Eggs: To-day, weak, lid to Is Id per dozen. Butter: Weak; Dairy, Is 3d per lb. Honey: Prime clover, bulk, 6ld per lb; 10lb tins, Gs 9d each. Beeswax, Is 8d per lb. Fat, 18s to 21s per cwt. Poultry: Hens, 6s per pair; roosters, 4s 6dl to 6s 6d per pair; ducks, 7s per pair; geese, 8s per pair. Turkeys: Hens, 9d per lb; gobblers, lOd per lb. Pigs: Prime baconera, 6RI to 6Jd per lb; porkers, 6Jd per lb. Potatoes: Prime, £8 5s per ton; medium quality, £6 10s to £7 per ton, ex truck. Ofiioris: Melbourne, £18; Californian, £2O per ton. Chaff: Prime oaten sheaf, £4 10s per ton, sacks extra; medium quality, over supply. Oats, 3s Gd per bushel, sacks extra. Whole fowl wheat, 4s 3d per bushel, sacks extra. . Straw; Pressed wheuten (quiet), £2 10s; oaten, £3. Lucerne hay, £4 15s per ton. Please note; Poultry and pigs must arrive not later than Thursday mornings. Wo can supply petrol, motor lubricating oils and greases, lucerne and poultry meal, hulled oats, shell grit, Pareora meat meal, leg rings, toe punches, charcoal, wive netting, Star brand chicken food and egg crates. October 16.