COMMERCIAL.

Otago Daily Times, Issue 18803, 5 March 1923, Page 4

COMMERCIAL.

Daily Times Office, Saturday morning. Hudson’s extract of soap is firm at 70s per cwt, with smaller quantities at an increased price. Shipments of Brown and Poison’s and Johnston's Indian cornflour havo just oome to hand. A parcel of Norwegian “Crossed Fish ” brisling is quoted at 9s per dozen. The indent price for preserved ginger has advanced considerably since the first of tho now season’s supplies arrived. Supplies of Golden Eagle and Juno tobacco have arrived to n bare market. Burm ah candles have been reduced to Std per packet. A shipment of sugar arrived in the Katoa. Further supplies will arrive in 10 days’ time. Supplies are quite sufficient to meet the demand. C.M.C. extract of meat, 2oz, has been reduced to 10s per dozen. There are practically no stocks of royal vestas in merchants’ hands at present. Supplies of Prince of Wales mild cigarette tobacco and Welcome Nugget, lib plugs, are again on the market. Cleaned Amalia currants axo now quoted at 9.1 d per lb. The total quotations for C. and B. anchovy sauce show an advance. Tho current quotation is 21s Gd per dozen. LONDON MARKETS. * Press Association —By Telegraph—Copyrigh LONDON, March 2. Wheat cargoes are steadily held,' in sympathy with the American market. The demand is quiet at recent rates. Flour is slow of sale. Barley is steady. Beans, peae, and oats are slow of sale, prices being unchanged. Sugar, granulated, 60s 4d, Bank of Enland returns:—Stock of coin and bullion, £125,676,000; reserve, £23,314,000; proportion of reserve to liability, 17.73 per cent.; note circulation, £123,940,000; public deposits, £20,007,000; other deposits, £110,548,000; Government securities £17,282,009; other securities, £79,307,000. Short loans, 14 per cent.; throe months’ bills, 2 3-5 per cent. Copper, £73 8s 9d t<r £74 Is 3d. Lead, £29 2s Gd to £2B 12s 6d. Spelter, £37 2s Gd to £36 ss. Tin, £2ll 12s Gd to £212 ss. Silver, 31 15-16 d per oz.—A. and N.Z. Cable. March 3. (Received March 5, at 0.40 a.m.) Cotton: April shipment, 15.94 d. Rubber: Para, IGJd; plantation emoked, 17Jd. Jnte; March-April shipment, £32 10s. The hemp market is firm. Fcbruary-April shipment, .£33. Copra: Fcbruary-April shipment, £27 Ss. Linseed oil, £l2. Turpentine, 107 s 6d. Tin: Stocks, 22,183 tons; spot, 1185 tone; afloat, 310 tons; deliveries, 1982 tons.—A. and N.Z. Cable. FROZEN MEAT. Press Association—By Telegraph—Copyright LONDON, March 3. (Received March 5, at 0.40 a.m.7 Sheep.—Canterbury: Light, OJd per lb; medium, 9d; heavy, Bd. North Island: Light, 9d; medium, SJd; heavy, 7Jd. Ewes: Canterbury, not offering; North Island, s ld. Argentine: Firsts, 7Jd; seconds, Gid; owes, 62d. Lambs.—Other selected: Light, 12|d , medium, 12Jd. North Island; Firsts, 12pi; seconds, lid. Argentine; Firsts, light, ID^d; seconds, Bd. Frozen Beef.—Now Zealand (nominal); Fores, 3gd; hinds, 4Jd. Chilled Beef. —Argentine: Minds, Gd. Uruguay: Fores, 3Jd hinds, 5.)d. Others unchanged.—A. and N.Z. Cable. Messrs Dalgety and Co. report having received the following cable message from their head office, London, dated March 1: New Zealand prim© crossbred lamb, North Island, heavy, 12id. The demand runs principally on finest qualities. Prime crossbred mutton, North Island, heavy 9d, light 9d. Demand limited. Prim© ox beef, hinds 4)d, fores Id. The demand runs principally on forequarters. THE WOOL MARKET. LIVERPOOL SALES. Press Association—By Telegraph—Copyright LONDON, March 2. Tho Bradford wool market is rather easier, and business is quiet, awaiting the London opening sale. Sixty-four’s, 69d; 60’s, 53d; 56’e, 36d; 48’s, 20d; 46’s, 18d. At the first day of the Liverpool wool sales there was a large attendance and "ood competition, the largest operator being tho home trade, while the American demand was active. Best merinos were firm, at the London February level. Inferior merinos, chiefly from Adelaide, were in buyers’ favour. Good crossbreds were unchanged, while average grades and slipes and scoured crossbreds were sto 10 per cent, cheaper.—A. and N.Z. Cable. March 3. (Received March 5, at 0.40 a.m.) The Liverpool wool sales closed with prices nnchanged. Practically the whole offering of 41,161 bales was cleared, —A. and N.Z. Cable. MEAT PRICES. (Per United Press Association.) WELLINGTON, March 2. The New Zealand Meat Producers’ Board advises that the following prices were being offered on March 1: Auckland. —Wethers, 64s (under GJd); G5-721b, 5Jd; prime woolly lambs, 42s (under gjd), 43s Cover 81d); second quality lambs, sii

Poverty Bay.—Wethers, 6is (under prinio woolly lambs, 12s (under 43s (over 8id); second quality lambs, SJtl. Ilawkc's Bay.—Primo woolly lambs, 42s (undor Old), J3s (over 9d); socond quality lambs, <)d. Wangnnui.-—Wethers, 61s (under lid); Go--7'2lb, S;W; prime woolly laral»s, 423 (undor 9Jd). Canterbury.—Wethers, 04s (under Bid), 63a (over 6d); aecond quality, 6d; primo woolly lambs, 44? (under lOJd). FOREIGN EXCHANGE KATES. Press Association—By Telegraph—Copyright LONDON, March 2. London on Feb. 27. Mcb 2. Paris, tr. to £1 77.20 77.43 Hirihtiania, kr. to £1 2-5.60 25.5.'! Copenhagen, kr. hi £1 24.16 24.37 Stockholm, kr. to £1 17.07 17.72 Berlin, marks to £1 100,000 100,000 Home, Jiro to *1 97.75 !>7.88 Montreal, dol. to £1 4.7&i 4.78 New York, dol. to £1 4.67 J 4.70-J Hongkong, ilol. to £1 27d 27Jd Yokohama, St. to yen 24JJ 2-43 Calcutta, st. to rupee 16 1G 3-16 d A. nnd N.Z. Cable. SOUTHLAND MARKET REPORT. (Fbom Our Own Correspondent.) IXVBRCARGILL, March 3. Outs.—Although the demand from the north ia not particularly strong there has been some inquiry from Australia during the last two weeks. The market is, if anything, a shade firmer, owing probably to the fact that the recent bad weather experienced! has hud a retarding tendency on the harvest. Prospects for a well-saved harvest, however, are lAuch brighter owing' to tho few days of sunshine we have had during the week, and cutting- is now fairly general, while tho yield of oats, unlike ryegrass, is going to be exceptionally heavy, farmers almost invariably having to order further quantities of binder twine, the crops yielding more than they estimated. There are no oats now offering from farmers, and business is entirely confined to merchants, basis of \ T alU£3 king 3s 3d to 3s 4d for A gTade. Chaff. —Owing to farmers being particularly busy with the harvest, the demand now exceeds the supply, and if stnyono were in a position to cut really prims chaff, it would command to-day close on £> per ton on trucks. Ryegrass.—A fair number of lot 3 are now being offared by growers, and some have changed hands at ifrom 4s to 4s 6d fox any prime lots, wjiile- inferior quality is down to 2s 6d per bushel. Farmers are disinclined to aell. beiag of the opinion that prices will advance, merchants on tho other hand are not optimistic as to the values of local-grown seed, this being due to tho fact of tho reasonable quotations that are now being in ado by importers of Irish seed. Honrp.—TheTe is a fair demand for good quality at present, for local consumption and for shipment, the London market having recently improved. So few millers, however, are working that merchants aro unable to do busine.is with London. For use by local twino manufacturers good fair is worth from £23 on trucks. Stock.—During tho past week large numbers of store sheep r.amo forward, particularly ewes and lambs, yarcungs at country sales were exceptionally heavy, and prices throughout tha store shoep cecuon were well maintained, with tho exception of store lambs, the prices for whicn were on a par with theso quoted l:\st week. Store lambs have eased up from. Is Gd to 2s per head. Owing to tho fow weeks' rough weather we have experienced any lambs «->;i feed liavo not improved much, consequently prices have receded slightly. The fat cattle market is about the same, and tbc-ro is little change in tho store cattle market. Fat aheep remain firm at late rates. Fat Cattle. —Extra prime ox beef, from 24s 6d to 20s 6d per lOOlb; prim© heifer beef, from 20a to 21s; prime cow, from 14s \to 15s; extra prime bullocks, up to £ll 103; average, from £8 lCs to £9 ss; inferior soits, £7; extra primo heifers, from £7 lite to £8 10s; average primo, from £6 to £6; tmfinished, £3 15s; extra prime cows, from £5 to £6; average, from £4 to £4 15s; unfinished 1 , £2 10s. Fat Sheep.—Eatra primo wethers, up to 3£s; average, from 35s to 3us 6d; unfinished, 30s; extra prime owes, from 25a to 3!)3; average, 25s to 265; unfinished, 21a. Store Sheep.—Good forwaad lambs, fit for feed, from 21s to 22s Gd; average, irom 18s to 19s (3d; inferior and cully, from 10s Lo 12s; guaranteed a.m. ewes, from 28s to 30s, according to condition; extra good two-tooth ewes, up to 355; average, from 32s to 33a Gd; f. and f. ewes, from 21s to 225; a.ged and. cully, down to 14s; two : tcoth wethers, from 25s to 2Ga for good sort 3; average, from 22s to 23s Gd; email, down to 183; good four and eix-tooth wethers, up to 2Ss. Store Cattle.—Very few are coming forward. Three and four-year-old bullocks, up to £6 15s; two-year-old bullocks, from £3 13s to £4 lCs;! yearling sorts, from 35s to 455. • The market for dairy cows is quiet, extra good sorts £ll, average from £7 to £B, inferior and cully £2. ■ OAMARU MARKETS. (From Oue Own Correspondent.) OAMARU, Murch 3. Though fitful showers of rain have fallen during the week, tho weather has been more favourable for harvest operations, and until to-dsiy it 'seemed as if March has brought more settled climatic conditions. The change was much needed, for February proved unusually productive of rain, as may bo concluded from the fact that in town tho rainfall amounted to 3.20 inches, us .compared with 57 points for February of last year. In some Country localities the records for last month were not quite so high as in the town, for at Totara tho rainfall was 2.15 inches, and at Awamoko 2.45 inches. Tho change that has bc-an experienced of late has enabled harvest work to be more persistently prosecuted. Cutting has been completed, or nearly so. and a fair amount of grain has been got into stack, but the greater part of it remains in stook. Thrcahing inills have been busy in many localities with varying results, tho yield of wheat ranging all the way from 10 or 12 bushels per acre up to as high as 45 bushels. But yields of much over 30 bushok are exceptional, and nothing has been discovered, to lead to a change of the earlier impression that the average yield for North Otago will not exceed 20 bushels to the acre. It 13 now tolerably certain that the harvest of clover and cowgrass seed will be a comparative failure. .For some reason, probably the broken weather, tho humble bees have not performed their fructifying task, and there has been, little seeding. Already stcck h/Is been turned into a good many paddocks reserved for seed, and a similar course will probably be followed in many more. Tho wheat market may now be said to bo opened. Samples have been coming forward fairly freely during 1 the week, and a reasonable understanding having been come to between growers and gristers, there has been a disposition to sell. A 3 a consequence, soma thousands of sacks have changed hands at tho following rales:—Velvet, 53 od; Hunter's, 5s 3d; Tuscan, 5s Id, all f.0.b., sacks extra.

Generally speaking, the wheat that has como forward during the week has been of good quality, for, though on the small side, the berry is plump, hard, and cf good colour. The few samples of oats submitted are very disappointing, being thin and below 15 grade. But tho great bulk has yet to be threshed, and it is too early to form a defi nito conclusion as to the general character of tho oats harvest. No sales of new oats have yet been made, but some transactions in old A grade Cartons aro reported at 2s 8d and 2a 9d net. at country stations, and the equivalent of the higher figure, ox store. The stock market continues to be fairly active, and a good number of transactions are reported, notwithstanding that agents have been well occupied giving delivery in respect to forward sales. A demand for store wethers has sprang up as a consequence of abundance of feed and a desire on tho part of farmers to turn this to profit quickly by fattening sheep and lambs for export. On the other hand, breeding ewoa aro not so keenly sought, farmers evidently preferring to leave stocking up until later on. This change was evidenced at the regular weekly market, when the yarding of sheep was the largest seen for some time, owing to the presence of a great many in tho store jiens. The ewes were neglected, and only a few were sold, full and failingmouthed going at from 19s to 21s. Other descriptions were, on the contrary, eagerly competed for, and a large yarding of store lambs found ready buyers at from 25 o to 27s 7d for good rape sorts, 22s 6d to 24s 6d for medium, and 13s 6d to 19s Gd for small. There wore no More wethers in the yards. There was a similar experience at tho Duntroon sals on tho following day, when ewes were turned out unsold, while wethers and lambs met with a good sale. Four-tooth wethers brought from 28s 9d to 29s 6d; twotooth wethers, 24s 9d to 2is lid; and forward lambs, 22s lOd to 25s lOd. Some business has been done in ewes by private treaty, as will be seen from tho following, reported business:—looo station wethers, 25s Gd; forward full-mouthed Corriedalc wethers, 275; mixed two, four, six, and eight-tooth Corriedale ewes, S3s; good sound-mouthed crossbred ewes, 30s; full and failing-mouthed ewes, 16s to 17a Gd; wether lambs, 20s to 25s 6d, according to six© and condition; mixedsex halfbred hill lambs, 20s; cull lambs, 14s. Business in fat sheep and lambs has not been on a largo scale. The yardings at the weekly market was only fair, and the prices realised were: Wethers, from 32s to 36s Gd; owes, from 21s Gd to 33s 6d; lambs, 28s 9d to 37s Gd. By private treaty sales have been made of wethers at from 30s up to 425, the top price being for extra prime quality; and fat ewes, at from 2ts Gd to 275.

There has not been much doing in cattle. A fair yarding at the weekly sale consisted mainly of “ potters," which went for almost anything. Fat bullocks brought from £5 12s 6d to £7 17s Gd, and fat cows from- £5 to £6 2$ 6d. while yearling heifers were sold at £1 17s. Sales have been made by private treaty at tho following prices:—Fat bullocks, £8 to £9; fat heifers, £4 to £5 10s; fat cows, £t to £o; throe-year-old. store steers, £G to £7; two-year-old ftcers, £3 103 to £4. Dairy cattle just at profit have changed hands as follows:—Good cows, £9 to £10; aged cows, £3 to £1; three-ycan-old heifers, £6 to £7; two-year-old heifers, £5. THE FRUIT AND PRODUCE WORLD.

Reilly's Central Produce Mart (Ltd.), report:—Exceptionally largo consignments of fruit and produce of all descriptions arriving, all linos are cleared daily. Apples; Prices are low. Choice desscil pears command keen attention. Bacon pigs are readily sold on arrival. Local tomatoes wanted. Wo placed largo consignments potatoes. Egg consignments real.sea Is 7d; huger consignments wanted. Butt nr realised Is Gd to Is Bd. Heavy supplies of vegetables of ail descriptions. Full yardings of poultry Business generally exceptionally good. We sold; Flowers, to 2s Gd per dozen bunches. Tomatoes; Local hothouse, 7d, 7id, Bd, Sid, •J-'l. Sid. 101: Christ*.burch, 3d, 4d, did; coughs, 2d, 2J*i; Otago Central, Sjd, 4d. Gray, a: Locale, lie 6:1, 1s 7d, Is 8d i Oamauis, is 4d, Is Get, Is 7d, Is Bd. Apricots; Desserts. 3d. 3id, Id. 4Jd;- cooking, 21d, 3d. Plums: Desserts, 3d, 4d; inferior unsalcaWo. Nectarines. 2d, Ad, 3d, 3id, Id. Greengages, Id, 4Jd. Jam plums, Id, 2d. Pears: Tv'.B.C., 2id, 3d, 3Sd. Peaches: Desserts, 2Jd, 3d, 3id, Id; cooking, 2ld, 3d, Blackberries, 6d, Gjd, 7d. Rhubarb: Choice, 2: cl. Green picas; Choice, 3M, Id, 4jjd, 5:1. Frcncli beans. 3d. 3Jd. Garlic. 3id. Fielding onions, lid; choice, 2Jd. Mushrooms, ltd. Peanuts: Choice quality, 7;d per lb. Apples: Choice Cox’s, 7s Gd, 10s GJ; TVorcestors, 5s Gd, 8s Gd; Scarlets, 7s, Us 6J; Rtbstone, Ss, 10s 6d; Gravensteins, 3s 6d, Gs; Blenheim Orange, Ss Gd to 6s 6.i; cooking, choice, 5s to Gs 6d; inferior, 2s to 3s per case. Lemons: American, 40s. Oranges: American, 30s. Potatoes; Locals, prime quality, 9s 6d; Oamarus, Stirlings, 7s Ss Gd.i Carrots, 7s Gd’. Onions: Choice, 7s 6d, 8s cwt; £G 15a per ton, ex rail. Lettuce, la 6d, 2s per dozen for choice. Cucumbers, 3s, 4s, 4s Gd, 5s 6d; outside, Is Gd, 2s. Vegetable marrows, 6s 6d, 7s Gd, £s. Cabbages, 2s Cd, As. Cauliflowers, 4s Gd, 6e (id, 7s 6d per dozen. Butter; Dairy pats, Is sd; separator pats, Is sd, Is Gd; milled, Is sd, Is Cd. Beeswax, Is Gd. Bacon: Prime,, Is Id. Bacon pigs: Prime porkers, 7d, 7id; baconcrs, 7d, 7id; heavy-weights, Bid. Honey; Bulk, SJd per lb; sections, choice, 12s; Mb pats, 3s 9d lien dozen; 101 b tins, 6s each. Eggs; Stamped, Is Gd, la 7d; cased, Is 5d per dozen. Woodwool: Special quality, 30s per bale. Black Leaf, “40”: 10lb tins, GBs; 2!b tins, 18s; lib tins, os 6d. Giraffe brand of lime sulphur; 4 gallon tins, 2s 9d per gallon; 1-gallon tins, 3s 9d per gallon; in casks, 2s per gallon. Pure sulphate apple wrapping paper, 6s Gd per ream. Best Canadian buckets, 48s per dozen. Poultry: Hens realised 2s 4d to 5s 4d; pullets, 9s to 10s Gd: cockerels, Is Id to 8s Gd; ducks, 3s 4d to Gs; geese, Gs to 6s 6d; bantams, 2a ■ld (all at per pair). E. OSWALD REILLY, Managing Director, Moray Place, Dunedin. NEW COMPANY REGISTERED. The Mercantile Gazette announces the registration of tho following private company: Cameron Bros. (Ltd.). Registered as a private company, January 11. Office; Stafford street, Dunedin. Capital, £2OOO into 2000 shares of £1 each. Subscribers: Dunedin— E. P. Cameron 1333, D. H. Cameron 667. Objects; To acquire and take over as a going concern the business now carried on at Dunedin by E. P. and D. H. Cameron, under the stylo of “Cameron Bras.,” and to carry on the business of chemists and druggists, opticians, and general incidental. PALMERSTON STOCK SALE. At the monthly stock sale'at Palmerston there was a very large yarding of all aorta. Bidding was brisk, and prices realised were good, though slightly behind thoso of last sale. The namo of the London County, Westminster, and Parr’s Bank is, subject to tho consent of tho shareholders, to bo changed to Westminster Bank (Ltd.).