COMMERCIAL.

Otago Daily Times, Issue 18855, 7 May 1923, Page 4

COMMERCIAL.

l>aily Times Office, Saturday monring. Sunlight soap, has been reduced m price, and is now quoted at 33s per case, with a reduction for larger lots. Bourneville cocoa has been reduced to 3s 3d for ones, 3s 4d for halves, and 3s 5d for quarters. Creamoata has been advanced to 20s per dozen and Thistle oatmeal to £23 per ton.

A. parcel of South African evaporated' apricots arrived last week. These are .quoted at Is 7d per lb. Morton’s herrings in sauce are in short supply, and no further shipments are expected in the meantime, consequent on the reduced Catch in the North Sea. Maconochie’s pack is, however, in full supply. A line of Bryant and May’s English Koval; vestas is expected early next week by the Port Melbourne A slight reduction is announced in the price of Three Poodle safety matches. The cost is now 8s per gross and 7s 9d for case lots. • , Palmolive soap is now quoted retail at 7s por dozen. A lino of Smyrna bag figs has been landed during the week. A new line of curry—Keen’s—4oz tins, has been put on the market and is selling at 9s per dozen. The first of the new season’s Manchurian shelled walnuts has just come to hand. Supplies of Capstan full tobacco have arrived to a bare market and are selling at the same price as medium. Grocers’ bags have been advanced to 42s per cwt and New Zealand manufactured brown wrapping paper to 32s 6d per cwtImported brands of wrapping paper—which are not too plentiful—have also advanced in price. Confectionery hags, on the other hand, have been reduced in price. LONDON MARKETS. Press Association—By Telegraph—Copyright LONDON, May 5. Cotton: June shipment, 13.77 d per lb. Rubber: Para, J4Jcl per lb; plantation smoked, 14Jd to 15Jd. Jute: May-June shipment, £29 5s per ton. Hemp: April-Juue shipment, £32 10s per ton. Copra; April-May shipment, £27 15s per ton. Linseed oil, £4B per ton. Turpentine. 103 a per cwt. Australian Three Crown sultanas have been reduced and are selling well.—A. and Cable. Messrs Dalgety and Co. (Ltd.) report haying received the following wire from their head office, London, dated May 3:—New Zealand prime crossbred lamb: Canterbury, heavy 10-*d, light lljd; North Island, heavy lOd, light KWd. The demand is better owyig to warm weather. New Zealand prim© crossbred mutton: Canterbury, heavy BJd, light 8d; North Island, heavy Bd, light 7id. Demand limited. New Zealand prime ox beef; Hinds, 4Jd; fores, 32d. Demand nil. New Zealand lamb: Market weaker. New Zealand mutton: Market , weaker. New Zealand beef: Market prices nominal. Australian good average quality crossbred lamb: Heavy Bd, light Bjd; mutton, heavy 4f.d, light 4Jd. Australian lamb; The demand runs principally on finest qualities. Australian mutton: Demand limited. BUTTER AkD CHEESE. • Messrs Dalgetz and Co. report having received the following cable from their 'nead office, dated London, May 3, 1923: "Butter: Market very‘dull. New Zealand salted, 1465; Danish,ols6s; Australian gn.q-, 1345; Australian finest salted, 142 a; Australian finest rmsalted, 1425. Cheese; Market steadier. New Zealand white JGs, colour 9Gs.” . FROZEN MEAT PRICES. Press Association—By Telegraph—Copyright LONDON, May 5, (Received May G, at 5.5 pjn.) Sheep.—Canterbury light BJd, medium 7ld, heavy Gd; North Island light 7Jd, medium 7jd, ' heavy sfd; New Zealand ewes, 5Jd; Australian firsts 5Jd, seconds sd, ewes 4Jd; Patagonian, to sd; ewes, 4id. Lambs; Canterbury light and medium 10Jd, heavy’loJd, seconds 9Jd, other selecteds lid; North Island firsts 9Jd, seconds 9d; Patagonian firsts 9d, seconds Bid. Frozen Beef: Uruguay fores 2|d, hinds 4id; chilled Argentine fores 4£d, hinds 53d; Uruguay fores 2d, hinds 4|d; others were unchanged.—A. and N.Z. Cable. ' LONDON, WOOL SALES. Press Association—By Telegraph—Copyright LONDON, May 4. At the wool sales there was a poor selection of merinos, and a fair offering of average grades of crossbreds. Prices generally are unchanged—Welltowu 34td, Mortal 35d, Marathon 57*d, Waverley old.—A. and N.ZCable LONDON METAL MARKETS. Press Association—By Telegraph—Copyrigh. LONDON, May 4. Copper: Spot £7O 18s 9d; forward, £7l 13s 9d. Lead; Spot, £23 13a; forward,‘*£2s 17s Gd. Spelter: Spot, £3l 15s; forward, £32 ss. Tin: Spot, £215 12s 6d; forward, £213 12s 6d. Silver, 32 13-16 d per oz.—A. and iN.Z. Cable. - • _ THE TALLOW MARKET. The New Zealand Loan and Mercantile Agency Company has received the following cablegram from its London house, under date the 2nd inst.;— Tallow: We quote present spot .values, for the following, .descriptions; —Fine mutton, 44s 3d per'cwt;’ good beef, 41s 9d por cwt; mixed, 37s 3d per cwt. Market dull. > EXCHANGE RATES. Press Association—By Telegraph—Copyright LONDON, May 4. The foreign exchange rate on Paris is 69.20 francs to the £l, and on Berlin IGT.Ou'j marks to the £l,' after touching 185,000.—Aand N.Z. Cable. NEW ZEALAND LOAN. Press Association—By Telegraph—Copyright LONDON, May 4. The prospectus for the New Zealand loan at 4 per cent, will he issued on Monday.— A. and N.Z. Cable. LOAN AND MERCANTILE COMPANY. , Press Association—By Telegraph—Copyright LONDON, May 4. The New Zealand Loan and Mercantile Company’s directors have deferred consideration of the distribution on tho ordinary stock till the completed accounts are available. — A. and N.Z. Cable. PALMERSTON STOCK SALE. (From Oub Own Correspondent.) PALMERSTON, May 5. The monthly stock sal© was held here yesterday, when ‘ there was a small yarding of sheep, cattle, and pigs. . As is usual in such cases prices wore good, with the excep. tion of pigs, which were slow of sale. OAMARU • MARKETS. (From opr Own Correspondent.) OAMARU, May 5. A couple of days with more or less rain brought threshing operations to a standstill in some localities, while the previous heavy rain left the ground in such a condition in others that the mills were unable to get on to it. However, the greater part of the threshing has been done, nearly all the wheat having reached tho bags. A number of oat stacks still remain to be operated upon, but it is. not improbable that many of these” will be left standing to await developments.

The. volume of business in the grain and produce market has been light.. Though much the greater part of tho milling wheat has passed out of growers’ hands, there is still a fair quantity awaiting buyers. With heavy supplies on hand millers are not keen to buy unless lines offering prove attractive. A few transactions are reported, these including a mixed line aggregating 1500 sacks. For the rest the sales have been of very modest linol.

Some business has been done in fowl wheat, chief amongst tho sales being a line of good whole wheat, the terms being 4s 3d, f.0.b.. which is equal to about 3s lOd net to grower at a bandy siding. Other sales made at country stations for fair samples have been at 3s Gd to 3a 8d net. There is still little movements in oats, and there is no particular desire to do business on either side, holders being prepared to take tho chance of an improvement in the market, while merchants arc restrained by a doubt as to the future. A few modest lines of A grade Cartons have changed hands at 2s 9d net at country stations. There has been' a substantial advance in potatoes ns a consequence of the conditions, and for a line of table Up-to-Dates purchased for £7 10s net with delivery in Oamnru was given. There has been a pronounced falling-off in business in the stock market, but whether this has been due to the election excitement, combined with broken weather, or to farmers having tilled their requirements, remains for determination. Tho regular weekly sale, which fell upon eletcion day, lacked life. A fair yarding of fat sheep and lambs was not wholly cleared, and the prices realised were as follow:—Prime lambs, 29a to 30s; medium lambs, 27s 6d to 28s 6d; light lambs, 25s 9d to 2Gs 6d; prime wethers, 90s to 31s; prime ewes, 17s to 18s 9d. For tho greater part the store sheep consisted of aged ewes and cull lambs, for which there was little demand, and the range of prices was as follows:—Pull and fadingmouthed crossbred ewes, 225; aged ewes, 13s |to 15s; cull ewes, 9s to ils (Id; owe lambs, 23s 6d; wether lambs, 19a Gd; rape lambs, to 23s 4d; store lambs, 15s 6d to IGs 9d; 'aged half bred wethers, 15s Gd fo 16s Od. Sales by private treaty have been few, and generally of no particular moment. The exception was provided by a line of 500 four, six, and eight-tooth ewes, which found a buyer at 295. 'Sound-mouthed ewes have been sold at 27s 6d; full-mouthed ewes, in good condition and in lamb, at 225; and mixed-sex lambs at from 20s 6d to 22a.

The cattle market has been devoid of interest. At the market sale the yarding consisted of a, few fat steers and heifers and « limited number of dairy cattle, and the prices recorded were:—Fat steers, from £8 10s to £lO 12s 6d; fat heifers, £5 5s to £7; dairy cows, £5 to £6 ss; heifer® coming to profit, £3 15s to £4 17* 6d. SOUTHLAND MARKETS I . (From Our Own Correspondent.) Invercargill; May 4. During the past week the stock market has remained practically unchanged, values all round being on a par with those ruling during the week, with the exception of fat cattle. At the local market on Tuesday last fat cattle eased £1 per head. In the store sheep market prices are slightly easier for full-mouthed" owes and also for store lambs. Good breeding ewes are still in keen demand Fat Cattle. —Extra prime beef, 20s to 22s per 1001 b; prime heifer, 17s to 18s; cow, 12s to 13s; extra prime bullocks, up to ill; average to prime, £7 to £7 15s; light and unfinished, £5 10s; extra prime heifer, up to £7; average to prime, £6 to £5 15s; unfinished, down-to £3 103, extra prime cows, up' to £4 10s; average to prime, £3 15s; unfinished, down to £2. Fat Sheep.—Extra prime wethers, 355; average to prime, 30s to 32®; light and unfinished, 275; extra prime ewes, 265; average to prime, 22a to 245; light and unfinished, 18s. Store Cattle.—The market is absolutely lifeless, there being practically no demand for any class of store cattle. At sales held during the week fairly large numbers have come forward, and the worst sales known for years are being experienced in this section. Forward three ans four-year-old bullocks, £3 10s; two to 2J-year-olds, £2; yearling and 18-months-old, £1 to 30a; extra good.dairy cows in profit, up to £10; average, £5 to £7; inferior and cully cows, down to 30s. Store Sheep.—Forward four and six-tooth, 35a; average, 30s to 325; forward six and eight-tooth ewes, ujj to 80s; sound-mouthed ewes, 22s 6d to 255; extra good, 275; fullmouthed ewes, 13s to 16s, according to con. dition; inferior and aged ewes, £s; forward mixed sex lambs, up to 20s; forward mixed sex lambs, 16s 6d to 17a Sd; cully lambs, Bs. Oats.—The market since last report has a somewhat easier tendency owing to the slackening of demand all round, and something in the nature of competition from Tasmania which, though not l affecting’ our own market, has a distinct bearing on Victoria and Now South Wales. Some Aus-. tralian buyers of New Zealand oats are indeed offering to cancel their purchases. This has to some extent depressed buyers’ ideas in respect to farmers’ lots. It is difficult to-day for growers to get offers even for A grade Gartons, unless at handy sidings. Chaff. —Merchants are now by no means anxious to' buy, as so< much has been offering that they have sufficient in stock to carry them on for some time. _ Really prime quality chaff is to-day bringing £3 15s on trucks in the country. Ryegrass.—Growers' offerings are now becoming less frequent, and as there can be, no further demand until the spring, few merchants are operating. The price has come back to a quite appreciable extent, it being now almost impossible to get bids up to 5s for even the very best quality of seed from the mill. THE FRUIT AND PRODUCE WORLD. Reilly’s Central Produce Mart (Ltd.) report:—During the week theje has been a keen demand for potatoes, vegetables of all descriptions, stamped and guaranteed eggs, bacon pigs, choice fowl wheat, and prime oatsheaf chaff. Full supplies of apples have come forward, and pears are in excess >of requirements. Grapes are in keen demand; we secured 3s 3d to 3s 5d for choice locals. Walnuts arc wanted. Our consignments of dried fruits found a ready sale. Rarotonga bananas and oranges will bo available on Monday. Poultry came forward in increased quantities and realised good values. Bacon pigs met a keen demand. Poultry and cattle foods, spraying material, and orchard requisites are now commanding attention. We sold: —'Violets: Small bunches, 2s, 3s, 3s 6d, os 6d, 6s per dozen. Other flowers, 3s 6d per dozen bunches. Tomatoes; Local hothouse, 9d, lOd, lid, Is OJd ; Christchurch, 2Jd, 3d, 4d, ajd, 6d. Grapes: Local Haruburgs, Is 6d, la Bd, Is 9d, 2s; Oamaru, Is 2d, Is 3d; Gros Colmars, 2s 3d, 2s Gd, 2a 9d, 3s 3d, 3s sd. Garlic 3Jd. Esohallots, IJd. Pickling onions, lid. Brussels sprouts. 4Jd, sd, 5Jd. New season’s walnuts, 10Jd, la OJd. Almonds: Otago Central, OJd. Peanuts ; Choice quality, 7Jd per lb. New season’s Adelaide dried apricots: Choice, Is sd. New season’s Adelaide dried •peaches: Choice, Is 3d per lb. Pears: Choice desserts, 6a 6d, 7a, 7s Gd, 8s; others, Is to 3s Gd. Apples; Delicious, choice 10s, Hs 6d, 12s, 12s Gd; Jonathans, 6s 6d, 7s, 7s 6d, 8s; Ribstons, 5s 6d; cooking, choice, 5s 6d, fis 6d; inferior, 2s to 3s 6d. Lemons: American, 38s. Passions: Choice, Ss to 14s Gd. Rarotonga oranges: Choice, 18s. Bananas, 22s 6d per ease for choice. Pie melons, 9s. Pumpkins, 6s 6d per cwt. Cucumbers, 4s', 6s 6d, 7s 6d, 9a, 10s 6d, Us, 12s 6d per dozen. Cabbages, Is to 4s 6d. Cauliflowers, 2s to 10s Gd. Lettuce, Bd, Is, Is 6d per dozen for choice. Vegetable marrows, 6s 6d, 7a Gd cwt. Potatoes: Locals, prime quality, 9s 6d; Oaraarua, to £8 10s; Taieri end Stirling, £9 per ton. Carrots, 7s. Parsnips, Bs. Swedes: Choice, 3s Gd. Onions: Choice Melbonrnes, 9s; Canterbury, 7s cwt. Tea: Broken Orange Pekoe, 2s 6d. Butter: Dairy pats, Is Gd; separator pats, Is 8d: milled, Is Gd. Cheese, IOJd. Beeswax, la Gd. Is Id, la 2d. Bacon pigs: Prime porkers, 7d, 7Jd; prime baconars, 7Jd; heavyweights, 3fd to 4Jd. Honey: Bulk, 5Jd, Gd; sections, choice 12s; Jib pats, 3s 9d per dozen; 10lb tins, 6s Gd each. Eggs: Stamped, 3s sd, 2s 6d; cased, 2s 4d; preserved, Is 6d, Is 8d dozen. Tallow, 225, 22s 6d, 245. Molasses, 8s Gd per cwt. Fowl wheat, 4a 2d, 4s 3d. Oat dust, 3s 6d per sack. Oats: A Gartons, 3s 3d; B, 3s. Oatsheaf chaff: Prim© quality, £5, cx truck. Pure sulohate c-pple wrapping paper, 10 x 10, 3s 3d per ream. Paper bags; Special quotations. Woodwool; Special quality, 30s pier bale. Ra - bilskins, to 52Jd per lb. “Cross Kej-s” meat meal, IGs per 1001 b bags. Block leaf 40: 101 b tins, 68s; 21b tins, 18s; Jib tins, 5s Gd. “Giraffe” brand of lime sulphur: 4gal tins, 2s 9d per gallon; Igal tins, 3s 9d per gallon ; in casks, 2s per gallon. Poultry; Hens realised 3s to 7s, pullets realised 6s to Bs, cockerels realised 3s 6d to 10s, ducks realised 3s 8d to 8s 6d, all at per pair E. OSWALD REILLY, Managing Director, Moray place, Dunedin.