COMMERCIAL.

Otago Daily Times, Issue 18754, 6 January 1923, Page 8

COMMERCIAL.

Daily Tii -s Office, Friday evening. There is practically nothing doing in the grain market at present. The millers are fairly well stocked, and are not keen buyers at present, seme of them holding sufficient supplies to last them for a month or two. There are considerable stocks in farmers’ hands, mostly of an inferior quality, and holders are not anxious to quit at present prices. There is no quotable' change to report, either in milling or fowl wheat..Tho oat market is very stagnant at present, and there has been practically no business since the holidays. Prices remain unaltered. Dunedin millers’ prices' are as follow: Flour: 2001 b, £ls 10s per ton; 100’s, £l6 10s; 50’s, £l7; 25’s. £l7 10s. Bran, £5 10s per ton. Pollard, £3. Oatmeal: 25’a, £18; 200’s, £l7. Current local wholesale prices for produce are ns follow: Chaff. —Good quality, £4 15s to £5, ex truck; medium and light, £2 10s to £3. New potatoes: Peninsula, lid to IJd per lb for choice; Oamaru and Taieri, IJd to lid. Dairy Butter.—Bulk, Is IJd, pats, Is Id; milled, Is lid. Eggs.—Stamped, Is Id: ordinary to la. Melbourne onions, 13s to 20s per cwt. Bacon.—Rolls, UJd per lb; sides, 10Jd. Hams, Is 3d; boneless, Is 3d. FRUIT REPORT. Business in tho fruit market has not been very brisk since tho holidays owing te a shortagb of snppliss. There is a good inquiry for choice oessert apples, and apy comfng forward immediately would realise high prices. High rates have ruled for cherries during the week, but supplies of fheso aro now nearly finished. Some nice plums have come forward from Canterbury, and realised high prices. Oranges have been somewhat slow of sale, this being probably due to the fact that stone fruit is becoming more plentiful. The Auckland boat this week brought down some 400 or 500 cases of green bananas, and these were readily taken up. Ripe bananas are very scarce, and will re-' main so until about the middle of next week. New potatoes apd peas meet with good inquiry. Tho following are the latest prices: Apples.—Market absolutely bare, a flew new season’s realising 9d per lb. Tomatoes.—Christchurch hothouse, 9d to Is 3d per lb. Bananas.—Ripe to 40s, green 22s Gd to 255. Rhubarb to 2s per dozen bunches, each of l",*1 loose to IJd per lb. Oranges.—Adelaide, 22s to 27s Gd. Lemons, 80s to 355; Italians, 38s. Cherries.-—Best to 2s per lb; good, Is to Is 6d: medium, 8d to Is. Cauliflowers, 6s to 10s per sack; loose, 5s per dozen. Cabbages, 7s to 10a per sack; medium, 4s to 6s; small, Is 6d to 3s; choice to 5s 6d per dozen. Green peas, 2Jd to SJd per lb. Cucumbers. 8s to 12s per dozen. Lettuce. —Poor demand. Spring onions, 3d to 4d per bundle. “White turnips to Is 3d per dozen bunches. New carrots, Is 6d to 2s per dozen bunches. Beetroot, new season’s, Is 6d to 2a. LONDON MARKETS. Press Association—By Telegraph—Copyright LONDON, January 4. Despite heavy colonial supplies, fhe butter market is very strong, with an excellent demand. Tho arrivals have been practically cleared. New Zealand choicest, 191 a to 1965; exceptional, 198 s; secondary, 186 s to 190 s, Australian choicest, 190 s to 1925; secondary, 183 s to 186 s; Danish, 216 s to 218 s. Cheese is very firm. Tho stocks are almost exhausted. New Zealand, 132 s to 1345. The Bradford wool market shows a good tone, with a hardening tendency, but buyers are hesitating. Sixty-fours, 62d; 50's, 55d; 56’s, 36d; 59’s, 27d; 46’s, 17Jd.—A. and N.Z. Cable. (Received Jan. 5, at 8.5 p.m.) Wheat cargoes aro steady—occasionally on a higher level, but quiet. Parcels are e.asicr. Tho spot trade is very dull. Australian, ex store, 51s, Ess. Flour is slow. Australian, cx-storo, 40a. Barley: Steady. New Zealand malting, 45s—48a, ex-store; feeding, 38s —40s. Oats: A good demand. A Gartens, 34s — 375, ex-store; 34s afloat. Peas: Flat apd slow. Blues —Tasmanian, 360a—420a, ex-store ; New Zealand, 280s — 3205; Maples—Tasmanian, 110a—112a; New Zealand, 100s—105s Beans: Firm. New Zca’and, 50s —545. Sugar - Unchanged.—A. and N.Z. Cable (R:ccivcd Jan. 5, at 8 5 p.m) Wsihi, 34a 91, 355. FROZEN MEAT. Messrs Dalgety and Co. (Ltd.) report having received the following wire from London, dated January 5: New Zealand prime crossbred lamb, Canterbury, heavy not quoted, light not quoted ; North Island, heavy lOd, light lid. Demand fair. Prime. crossbred mutton. Canterbury, heavy not quoted, light not quoted; North Island, heavy 6d, light 6Jd. Demand active. Prime ox beef hvnds 4Jd, fores 3Jd. Demand continues steady. AUSTRALIAN MARKETS. Press Association—Bv Telegraph—Copyright MELBOURNE, January B. Barley: English, 4s 4d to 4s sd; Cape, 2s lOd to 2s lid. Oats, 3s 5d to 3s 6d. Potatoes, £5 10s to £B. Onions, £7 to £7 10s, SHEEPSKIN MARKET REPORT. The Dunedin Woolbrokcrs’ Association (Messrs Dalgcty and Co., Ltd., Todd Bros, Ltd., National Mortgage and Agency Company, Ltd., New Zealand Loan and Mercantile Agency Company, Ltd.. Otago Farmoia’ Co-operative Association, Ltd., Donald Reid and Co., Ltd., Stronacb, Morris, and Co., Ltd., and Wright, Stephenson, and Co., Ltd.) report as follows: —Tho sheepskin sales were • resumed yesterday, when large catalogues were GvJiirutted to a full attendance of buyeis. Bidding throughout was v:ry keen, and the offerings were cleared at very satisfactory rates. Fine woolled skins, in good condition, wero again in great request, and prices for these were firmer, the highest price paid being per lb. Quotations. Merino, three-quarter to full woolled, 13R1 to 14Jd; merino half-woolled. 9jd to lOJd; halfbreds, three-quarter to full-woolled. ltd to 15Jd; halfbred. half-woolled, 10. id to HJd; halfbred quarter-woolled, 7Jd te BJd; fine crossbreds, three-quarter to fu’l-woolled, lid to 121 d; fine crossbred, half-woolled, Bid to 9Jd; crossbreds, full-wooilcd, 7Jd to 9Jd;

crossbreds, half-woolled, GJd to 7id; croasbieds, quartcr-wco'kd, 4Jd to Sift; hallbrcd hoggets, lid to 12d; crossbred hoggets, BJI to 9|cl; merino, dead, to lOJd; halfbrcd, dead, 9id to lid; crossbred, dead, Cd to 62d; pelts, 2Jd to 3id. CANTERBURY MARKETS. (Feb : JNl'fßl) PfIESS A'SOIMATION.) CHRISTCHURCH, January 5. On the Canterbury markets business has not settled ' down since the holidays, ■ and there is little life in the market. The cutting of wheat has commenced in the northern part of til© province, the crops promising quite up to the average. There are reports of smut and rust from various parts of the province, the rain and warm, muggy weather doubtless being the cause of these troubles. The harvest in the north ends somewhat, earlier than usual, and threshing will bo in progress within 10 days or a fortnight. On the other hand, the continuance of rains will mean a later harvest in Canterbury. No forward business of any extent is reported. Oats are now being cut, and the new season’s demand is equal to about 2s 6d, at country stations. There is still inquiry fiom abroad. The earlier crops are on the light side, but there is a more optimistic feeling in regard to the price than at this time last year. The new season’s Italian and perennial ryegrass is expected bv merchants within a few days. Normally quotations arc from 3s to 3s 3d at country stations. There have been no developments in the potato market. The general impression is that there will be a yield quite up to the average. BANK OF ENGLAND RETURNS. Press Association—By Telegraph—Copyright LONDON, January 4. (Received Jan. 5, at 8.5 p.m.) The Bank 'Of England returns for the week ended January 4, afford the following comparison with, those of the previous week:— Dee. 28. Jan. 4. Coin and bullion 125,(128,000 125,650,000 Reserve 21,015,000 21,833,000 Proportion of reserves to liabilities, p.c. 15.70 13.87 Note circulation 124,478,000 124,053,000 Government deposits ... 13,324,000 12,317,000 Other deposits,- 113,303,000 144,862,000 Government securities ... 51,068,000 53,658,000 Other securities 78,058,000 04,204,000 Short loans, li per cent.; three months’ bills, 22 per Cent. FOREIGN EXCHANGE HATES. Press Association—By Telegraph—Copyright LONDON, January 4. (Received Jan. 5, at 8.5 p.m.) London on Par. Dec. 28. Jim. 4. Paris, fr to £1 25.225 64.15 05.15 Christiania, kr to £1 ... 18.153 24.43 24.68 Copenhagen, kr to £1 ... 18.153 22.44 22.70 Stockholm, kr to £1 ... 13.159 17.26 17.27 Berlin, marks to £1 ... 20.43 34500.00 37500.00 Rome, lire to £1 22.22 J 31.75 30.02 Montreal, dol. to £1 ... 4.86 2-3 4.68 J 4.68 j New York, dol. to £1 ... 4.86 2-3 4.64 J 4.64? Hongkong, dol. to £1 ... * 27d 27d Yokohama, st. to yen ... 21.50 25 5-16 23 5-16 Calcutta, et. to rpe 10 to gold £1 16J 16J • Determined by price of silver oGOVERNMENT SECURITIES.' Press Association —By Telegraph—Copyright LONDON, January 4. (Received Jan. 5, at 8.5 p.m.) The fallowing are the latest quotations for Government securities, with a comparison with those

CHILLED AND FROZEN MEAT. IMPORTS INTO UNITED KINGDOM. The imports of chilled and frozen beef and frozen mutton into the United Kingdom for tho nino months ended September 30, 1022, compared with the figures for tho corresponding period of 1921, show as under: 1922. 1021. Beet chilled. Cwt. Cwt. Uruguay 536,380 228,187 Argentina 3,068,962 1,769,792 Other countries .. .. 1,001 4,793 4,526,343 2,002,772 Beef frozen. U.S.A 31,888 110,143 Uruguay 394,451 817,472 Argentine „ 1,905.452 3.922,443 Australia 802,279 1,368,153 New Zealand .. .. 3r8,024 509,515 Other countries .. 81,706 210,801 3,526,800 5.947,626 Totals 8,053,143 7,950.398 Mutton frozrn. Uruguay 99,526 125,838 Argentine 1,205,370 1,174,588 Australia 706.957 317,428 Now Zealand .. .. 2,591,904 3,261,043 Other countries ~ .»• 138,676 799,229 4,742,463 5,678,126 Tho figures show that the imports of chilled beef increased by 2,523,571 cwt, while tho imports of frozen beef decreased by 2,420,826 cwt. The imports of frozen mutton docreased by 935,6G3cwt. « CONSIGN YOUR EGGS AND BUTTER" To BRAY BROS., Fruit and Dairy Produce Auctioneers, STAFFORD STREET, DUNEDIN. Prompt attention given to correspondence.

ruling last weok: — Last week. This wcok. £ p. d. £ ft. d. 2i per cent. Imp. Con. ... 55 12 0 55 17 8 3J por cent Imp, War Loan, 1023-28 95 10 0 05 12 6 5 per cent. Imp. War Loan, 1020-47 m 0 0 100 10 0 34 per cent. Conversion Loon 73 17 0 75 2 6 64 por cent. C’weolth Loan, 1022-27, Feb.-Aug 6 por coni. O’woalth Loan, 1031-41, Juno-llec. 100 5 0 100 5 0 105 17 I) 105 12 8 K.S.W, 3's, 1033, Apl.-Oct. ... 73 10 0 73 10 0 X.S W Si’s, 1030-50, Jan.-July - 78 0 0 78 0 0 N.Siw. 4’s, 1033, Jan.-Julv 83 2 6 83 2 0 K.S.W. Si’s, 1022-32, MaySot. 101 0 0 101 0 0 N.S.W 6's, 1930-40, May-Nov. 104 0 0 104 7 6 X.R.W. 6i’s, 1030-50, Feb.Aug 103 17 0 lOfi 10 0 Vic. fli’ft, 1030-40, Apl.-Oct. 103 0 0 103 0 0 Vic. Si’s, 1021-G, Jan.-Jnlv ... Of? 0 0 ns 0 0 Vic. Si's, 1020-40, Apl.-Oct. 77 O 0 77 0 0 Vie. 3i's, 1020-40, ,Tan.-July 69 15 0 80 15 0 Q’land'fi’s, 1330-40, Fcb.-Ang. 105 7 6 103 5 0 QTand 4's, 1024. Jan.-Julv ... 85 12 a 85 12 6 Q’lainl Si’s, 1024, Jan -Juiv 96 0 0 OS 10 0 Q’land 34’s, 1030 95 10 0 0.5 15 0 Q'land 3’e. 1022-47, Jan.-Jnly So 0 0 85 0 0 N.Z. B'f, 1038-51, Feb.-Aug. 110 10 0 108 0 0 N.Z. 4’s, 1020, Mav-Nov. 94 2 a 94 5 0 K.Z. 3i’s, 1040, Jan.-Julv ... 80 17 G 81 0 0 N.Z. IPs, 1045, Apl.-Oct. ... 73 S 0 73 5 0 P.A 3's, 1030, Jan,-July ... fit 2 6 81 2 e ft. A. 41' ft, 1045 or alter 80 0 0 80 O 0 ft.A. 6'i's, 1020-40 108 5 0 108 10 0 Tas. Si’s, 1920-40, Jan.-July 80 15 0 81 0 0 Tap. 3’ft, 1020-40, Jan.-July ... 73 0 0 73 0 0 Tas. 6.Vs, 1030-40, Feb.-Aug. 100 0 0 107 0 0 W.A. Si's, 1020-35, May-July 81 17 6 81 17 6 W.A. 3’s, 1015-35, May-Nov 77 17 G 77 17 8 W.a! S’p, 1950-40, Jan.-July 103 0 0 103 10 0