COMMERCIAL.

Otago Daily Times, Issue 19046, 17 December 1923, Page 6

COMMERCIAL.

Daily Tinles Office, Friday morning. Merchants have had a very busy time this week —quite equal to anything experienced for the corresponding period in previous years. Peanuts are in short supply, American clothes pegs are quoted <at 7a 9d per box. A parcel of new season’s Sicily almonds arrived during the week, and met a good demand. Another shipment of Morton’s herrings and Morton's kippered herrings hue just come to hand. Further supplies of seeded raisins are due to arrive, but it is doubtful if they will he here in time for the Christmas trade. The new prices for sugar are as follows: IA, £36 IQs per ton; small lots, 23a, 6d per bag. A steamer arrived from Auckland on Friday with sugar. There will be no further supplies till early in the new year. A lino of new season’s Barcelona nuts has just come to hand. Australian currants are in short suppl, but faired sized parcels of omalias are available. There is a continued keen demand tor C.M.C. tongues, following on the reduction in price to I2s 6d per dozen. Black Horse fine salt is unobtainable at present. A shipment is due in about Id days. Owing to the heavy demand for space on the Moeraki on her recent trip from Melbourne, Dunedin merchants were unable to get further supplies of Australian tinned fruits in time for the Christmas trade. LONDON MARKETS. CONTROL BOARD’S PRICES. NEW ZEALAND WOOL CLIPS. Association —By Telegraph— Copyright LONDON, December lb. (Received Dec. 17, at 0.15 a.m.) At the wool sales there was a miscellaneous selection. Prices are very firm. ut Now Zealand clips Arudale sold at 53id, and Wilden 3C?,d. Sheep.—Australian ewes, fid; Argentine heavy, 6^d. Lambs.—New Zealand and other selected, heavy, 9Jd; North Island firsts, 93d; Australian firsts, lOJd; seconds, 93d; thirds, 9jd. Chilled Beef.—Argentine fores 4d, hinds old; Uruguay fores 3gd,- hinds, sd; others are unchanged. Jute.—December-January shipments, 251 d. Rubber.—Para, 12id; plantation smoked, 13jd to Ud. Copra.—December-January shipment, 28^d. Linseed oil, -13jd.—A. and N.Z. Cable. {Fbb United Peess Association.) WELLINGTON, December 16. The Now Zealand Moat Producers’ Board has received the following table from its London office, dated December 14, advising that the Smithfield delivered pripes at that date were os follow: Now Zealand wethers and maiden ewes: Canterbury quality, selected brands, 561 b and under, Bfd per lb; 571 bto Glib, 7Jd; 631 bto 721 b, Tfd ; other , brands, 561 b and under, 7gd; 571 bto 641 b, 7£d; 651 bto 721 b, 7id. New Zealand ewes: 641 b and under, GM. New Zealand lamb; Canterbury quality, 361 b and under, Hid; 371 b to ’42lb, 10-ija; 431 b to 50lb, Old; seconds, lOd ; selectei brands, 361 b and under, 19id; 371 bto 421 u, lOd; other brands, first quality, 421 b ana under, 9Jd; seconds, 9Jd. New Zealand beef; Ox fores, 3RI; hinds, 4Jd; cow fores, 2/d; hinds, 3Jd. Argentine chilled beef: Ox lores, 4d; hinds Sid. Argentine frozen beef: Ox fores, 3£d; hinds, 4|d. The New Zealand Loan and Mercantile Agency Company (Ltd.) has received the following cablegram from its London house, under date December 12: Tallow: Wo quote present spot values for the following descriptions; Fine mutton, 47e 3d per cwt; good beef, 43s Gd per cwt; mixed, 38s Cd per cwt. The market is active. LONDON STOCK EXCHANGE. Press Association—Bv Telegraph—Copyright LONDON, December 13. The Stock Exchange is dull owing to the political situation and the weaker foreign exchanges, but there is no great selling pressure.—A. and N.Z. Cable. P. AND 0. SHARES'. Press Association—By Telegraph—Copyright LONDON, December 14. P. and 0. shares aro quoted at £2SS and £295 (ex dividend.).—A, and N.Z, Cable,

BUTTER. AND CHEESE. Press Association—By Telegraph—Copyright LONDON, December 13. Butter is easier owing to the Danes reducing the price to 2203 and the high retail prices of 26d and 28d for best quality checking the consumption; also the fact that over 500,000 boxes of New Zealand, Australian, and Argentine are due to arrive before- tire middle of January is making buyers cautious. Choicest New Zealand is quoted at '2l4s to 2165; Australian, 3.16 sto 208 s. Cheese is quiet, tending to be easier. Now Zealand, ICGs to TOSs. Sugar is unchanged.—A. and N.Z. Cable. METALS. c*r«as Association —Bv Telegraph— Copyright LONDON, December 13. Copper, £63 Gs 3d to £62 18s Od. Lead, £3l 15a to £3O. Spelter, £32 7s Cd to £32 12s Gd. Tin, £230 17s 6d to £241. Silver, 33 7-164 per ounce.—A. and N.Z. Cable. WHEAT CARGOES. Press Association —Uv Tclegrapt— Copyright LONDON, December 16. (Received Dec. 16, at 11.55 p.m.). Wheat cargoes are quiet on heavy worlds shipments. Parcels are in poor request at threepence a quarter under recent levels. A, and N.Z. Cable. AUSTRALIAN HIDES. Press Association—Bv Telegraph—Copyright MELBOURNE, December 13. The hides market showed an improving tone. Medium and light sorts advanced id to id. Other classes were firm, and unchanged. SOUTHLAND MARKET REPORT. ,-KOil OUE Owe CIuI’.UESPONDENT.) INVERCARGILL, December 15. Oats.—During the last fortnight this market has been m a decidedly exicted state, due to the had reports of the gram crops, not altogether in Southland, but in northern centres. B grade cats have been sold for forward delivery at as high as 3s 5d per bushel, f.0.b., s.i., while lines of under-grade oats, which would not be considered by northern buyers, have been picked up at -an advance oi "quite 3d per bushel on buyers' previous limits. It is difficult to-day to given even a nominal value, as so much depends on buyers' and sellers’ faith, in the future prospects of the present crop. Slight rains have somewhat benefited matters in Southland. . A run through the country, however, shows that crops are by no means as far torward as usual at this time, and the yield will certainly be smaller per acre than during the last two or three seasons. Oats, however, are not finding so many users now as in years past, and the small crop may be quite sufficient for the New Zealand demand. Chaff. —U rowers are not offering, and it is evident now that there will be a dearth until after the New Year. Anything that might be offered during the next two or three weeks would command high prices. Ryegrass.—A keen demand has sprung up from the north, and sales have been made quite up to rates which existed three or four months ago. Seed of 271 b to 281 b weight is worth to-day 7s 6d per bushel, f.o.b. Nothing at ail is now being offered by growers. Live Stock. —During the past week prices for all classes of fat stock have easod slightly. A very noticeable drop can bo quoted in the fat sheep section. Fat cattle prices remain about the same as at last quotations with a tendency to drop. Store cattle and store sheep values are practically unchanged. The following prices may be quoted: Fat Cattle.—Prime ox beef, 30s per 1001 b; prime heifer beef, 26s per lOOlb; prime cow' beef, 20s per 1001 b; extra prune bullocks, £l4 to £ls 10s; average prime bullocks, £lO 10s to £l2 10s; light and unfinished bullocks, £7 to £8 103; extra prime heifers, £8 to £10; average prime heifers, £6 to £7 10s; light and unfinished heifers, £4 10s to £6; extra prime cows, £8 to £9 17s Gd; average prime cows, £G to £7; light and unfinished cows, £3 to £4 10s. Fat Sheep.—Exta prime shorn wethers, 38s to 39s Od; average prime wethers, 31s Gd. to 3Gs Gd; light and unfinished wethers, 28s to 30s; extra prime shorn ewes, 28s to 30s; average prime ewes, 25s to 26s Gd; light and unfinished ewes, 22s to 23s Gd. Fat Lambs. —Extra prime lambs, 33s to 355; average prime lambs, 28s to 30s; light and unfinished lambs, 25s to 26s 6d. Store Cattle. —Three and four-year-old steers, £6 to £7; two. and 2£-year-old steers, £4 to £l 15s; one and IJ-year-old steers, £1 15s to £2 10s. Dairy cows, from £8 to £lO. For extra good sorts, ordinary cows, from £3 to £6. Store Sheep.—F. and f. ewes, in the wool, with lambs at foot, from 14s to 15s; extra good, up to 17s ai;-rm.a. ‘hoggets')‘'26s''to 30s; • ewe hoggets, to 36a; wether hoggets, to 28s; two-tooth wethers, to 345; four and six-tooth wethers, to 40s. OAMARU MARKETS. (Fboii Ooe Own Coreebpondknt.) OAMARU, December 15. The rain for which farmers and graziers longed for weeks came oa Monday, and ft really good rain it proved while it lasted. On the coast it barely reached an inch, but the amount steadily increased thence inland until about an inch and a-half was reached. It was a most welcome rain, but much more would have been even better appreciated. There was in some places a further, but brief, fall of rain on Tuesday night, and a more genial temperature prevailed until yesterday, when for some time a hot nor’-wester was experienced. It goes without saying that the accession of moisture had the effect of reviving both verdure and the spirits of farmers, who were becoming anxious to the future, and quite naturally so. The rain did a great amount of good, but it there is a continuance of yesterday's unfavourable change much of that good will bo nullified unless a good counteracting rain follows quickly, which is by no means improbable, taking a line from the experience of past vagrant years. No perceptible change in pastures is visible ns the result of the .rain, but the drying up process was arrested, and good feed is still available. Cereals that hod not reached the shot-blade stage and young turnips ■ and rape derived great benefit from the acquisition of moisture. The greatest good, however, was done by enabling farmers to sow fodder plants for future feed purposes. There was a general rush to avail of the opportunity for doing this deferred work, and vendors of seeds have had a busy time. Just now things agricultural and pastoral look will. What they will be like at the dawn of the new year depends upon a good rain or its absence. There is again little to report in. connection with the local markets. Singularly, the greater part of the week’s business has been done in wheat, the supply of which had been thought to be exhausted in the country. The chief feature has been the delivery of a line oi milling quality amounting to 7uJ sacks, composed of Velvet and Tuscan. Some business has been done in seconds wheat at 4a, ex store, and 4s Gd, f.0.b., equivalent to about 4s 3id net on trucks to grower, while a line of fowl wheat changed hands at 5s Id, f.0.b., equal to about 4s 9d net at country siding. There is still little movement in oats, only a single transaction being reported. This was the sale of a lino of A grade Gartens at 3s net, delivered in Oamaru. The first sale of Capo barley for some time past is reported, the price being 3 s tenet at a country station. A little business has been don© in oaten sheaf chaff at £4 and £4 ss, net on trucks. The stock market has not experienced any revival as a result of the rain. There has been little movement in sheep, farmers stui remaining chary of buying. The offering of all descriptions at the weekly sale was very small, and the prices realised were: Fat wethers, 31s 6d; fat ewes, 20s fid and 23s Gd; aged .ewes, with lambs, 20s 9d, all counted. A similar experience was provided at the Duntroon regular sale, whereat the offering was small. A pen of two-tooth ewes was passed at 28s 6d. The sales made were as follows:—Shorn sound-mouthed ewes, with about 110 per cent, of lambs, 23s 6d, alt counted; aged ewes, with lambs, ICs and 18s, all counted; mixed four and six-tooth shown wethers, 265. Sales by private treaty have been confined to a few lines of butchers’ fat lambs, and for these the prices have ranged from 29a to 335. - The great part of a restricted business in cattle has been done in fat animals. There was no offering of any other description of cattle, except dairy stock, at the weekly sale. A single pen of fat steers was submitted, and these brought £9 2s Gd; hut there was a very largo yarding of fat cows, and to effect sales reduced prices had to be accepted, the range being us follows;—Prime, £6 to £7 12s Gd; medium, £5 to £5 15s; light, £3 to £4 10s. Sales of cattle by -private treaty have - been as follows:—Good handy weig,--fat steers, £ll 10s; other fat steers, £9 to £10; fat heifers, £5 to 7; fat cows, £5 to £6; three-year-old store steers, £6; two-year-old steers, £3; mixed-sex yearlings, 30s to 355. Good dairy cows are in some request, but there are few sellers. There was a large yarding at the weekly sale, but outside of a good Holstein heifer in milk, which realised £l4, there was nothing of particular note. The, best of the cows coming to profit sold at from £6 to £8 10s, but aged and inferior sorts went at from £1 to £2. By private treaty cows of extra quality in profit have changed hands at from £l2 to £l4, while medium cows have been sold at from £5 to £6, and aged and inferior at from £i to £B.

GOTEKNMENT SECURITIES. 'r~. LONDON, .-B. Tbs following are the Ik tost quotations for Government securities, compared with the prices luting last week:— Last week. This week. Imp. Consols, 24 p.o. 1 57 5 0 5*5 5 0 War Loan, ft p. 0., 1929-47 ... 100 12 B 100 5 0 War Loan, 3( P-c., 1925-28 ... 96 5 0 96 O 0 Conversion Loan, 1U p.o. ... 77 12 B 76 S 0 Com. 6 p. 0., 19.11-11 105 5 0 105 5 0 Com. ft-i p.c., 1922-27 100 12 fi 109 10 0 N.Z. G p.c., 19-16-51 ._ ... 110 2 G 110 7 B N.Z. 4 p.c., 1929 ... ._ _. 95 0 0 94 15 B N.Z. .34 p. 0., 1940 89 15 0 82 17 B K.Z. 9p. 0., 1945 75 5 0 75 0 0 S. Bi p.c., 1930-40 ... 107 15 0 107 10 0 N.S.W. G 'p.<-'-, 1990-40 ... 109 12 6 109 7 B K.S.W. 5S p.c., 1922-92 ... ICO Ift 0 100 10 0 N.S.W. 4 p.c,, 1999 ... ._ 89 17 B 89 In 0 N.S.W. 91 p.c., 1990-50 ... 81 ft 6 80 17 B N.S.W. 3 p.c., 1995 ._ ... 75 10 0 75 7 G Tic. 51 p.c., 1990-40 ... ._ 102 0 0 100 17 6 Tic. 91 P-c., 1921-26 ... _. 97 0 0 97 0 0 Vic. 95 p.c., 1929-10 78 12 G 78 10 0 Vic. 31 p.c., 1929-49 71 12 G 72 0 0 Q’Until B p. 0., 1990-40 ... ._ 104 10 0 104 10 0 O'l trail 4 p-c., 1924 99 10 0 99 10 0 Q’liun) 91 pc., 1924 ... 98 5 0 98 0 0 Cj’Uin.l 3J p. 0., 1930 89 0 0 87 10 0 Q'laud 9 p.o, 1922-47 10 0 0 68 la 0 (> poT 1920-10 107 5 0 107 13 0 it P C.,’ 1945 or after ... 82 5 O 80 0 0 w!a. ''ll p-o’. 1990-40 .!. Ztf&SSS ::: «.0 S B*s 5 Tas 61 p.c., 1990-40 108 5 0 107 15 0 Tas. 34 p.o, 1920-10 ... ._ 89 7 G !] J 0 Tas. 3 p.c., 1920-40 77 17 6 .8 0 0 SALES OP CITY LEASES. Messrs E. L. Macaseey and 00. offered for Palo by public auction on Saturday several corporation building leases. The following are the results of the sale: 33 M l ßrido street.—Annual rental £ll XOs, valuation for improvements £SOO. Buyer, Mr T. Fitzpatrick. 31 M'Bride street.—Annual rental £3, valuation for improvements £550. Buyer, Mrs A. Richardson. 29 M'Bride street. —Annual rental £5, valuation for improvements ' £625. Buyer,, Mr A. H. Wilson. 37 Grosvenor street.—Annual rental £6 106, valuation for improvements £750. Buyer, Mr W. D. Pool. 34 Rankeilor street.—Annual rental £4, valuation for improvements £225. Buyer, Mr P'. O’Neill, Broughton street.—Annual rental .£lO 10s, valuation for improvements £IOO. Buyers, the Sisters of Mercy. 38 Broughton street.—Annual rental £5 10s, valuation far improvements £450. Buyer, Mrs M. R. Ansell. 24 and 26 M'Bride street.—Annual rental £5, valuation for improvements £4OO. Buyers, the trustees of E. Lancaster (deceased). 36 Broughton street.—Annual rental £4, valuation for improvements £450. Buyer, Mr L. B. Swetc. 34 Broughton street.—Annual rental £4, valuation for improvements £475. Buyer, Mr Thomas Scddon. 3 and 5 M'Bride street. —Annual rental £l9 tOs, valuation for improvements £720. Buyer. Mt_W. H. Perry. ’ 357 Anderson Bay rqad.—Annual rental £ll 10s, valuation for improvements £675. Buyer Mrs E. Holley. THE FRUIT AND PRODUCE WORLD. Reilly’s Central Produce Mart (Ltd.) report;— Large consignments fruit and produce of ell descriptions, good prices being secured. Our first consignment of peaches realised 7£d, apricots 7Jd to 9d. Prime green peas and new potatoes are wanted; advanced prices obtainable. We landed large shipments of American fruit, ex Tahiti, which reached a splendid market. Rarotonga' bananas, ex Karoro, arrived in perfect order. The Moeraki brought a splendid consignment of oranges, which realised good prices, A large yarding of poultry on Wednesday realised satisfactory prices. Christmas poultry sale Wednesday next, 19th inst. We received and sold:—Strawberries: Choice, Is 6d, la Bd, Is lOd, Is HJd, 2s 34d per pottle; soft inferior, 8d to Is per pottle. Apricots, lad, Bd,. 9d) Peaches, 7|d,' Bd. Apples: Canadians, 255; Doughertys, 17s 6d. Lemons, 50s. Oranges: Adelaide, 30s; American, 37s Gd; New South Wales, 255. Fiji bananas, 3s; Rarotonga®, 325. American grapes; Chinee, 35s per barrel. Tinned pines, 7s 6:1. Brazil nuts, 9Jd. Walnuts, 9Jd, lljd, Is Id. Peanuts: Choice quality, 6Jd. Sicily almonds, Is 2d. Hazel nuts, 7Jd. Lexias; Pour Crown, 4Jd. Pig meat, lOd. Now potatoes: Peninsula, 3Jd, 4d, Green peas: Choice, 3Jd, 3id, 4Jd; inferior, IJd. Broad beans, 2j>d, 3d. French beans, ioid, lid. Green gooseberries: Choice, 2Jd, 3d; others, IJd; ripe, 4d to BJd. Black currants, 4d to sid. Red currants, 4d to sd. Local grapes, 3s, 3s 3d; Christchurch, 2s 6d, 2s 9d, 3s. Cherries: Choice, Is Id, Is 2Jd, Is 9d, Is Hid; inferior, sd, 7d, 9id. Tomatoes: Locals, Is. 5d to Is 8d; Christchurch uustemed, Is 2d to Is 4Jd; stemless. Is 2d to ls'4d; small, inferior, to Is. Rhubarb, lid, 2id. Lettuce: Choice, Is 6d, 2s; others, unsaleable. Cabbages; Choice, to 4s Gd; others unsaleable. Cauliflowers: Choice, 5s to 7s 6d; others unsaleable. Carrots: New season’s, Is 6d. White turnips, 9d, Cucumbars: Choice, 12s to 18s; small, to 10s per dozen. Spring onions, 6d per dozen hunches. Parsnips, Is 6d per dozen. Onions: Choice Melbourne new season’s Globes, 16s. Table potatoes: Choice repicks, 8» per cwt. Tea: Broken Orange Pekoe, 2s 6d. Butter: Separator pats, Is 4d, Is sd; dairy pats, Is 3d, Is 4d; milled, Is 4d. Cheese, ■lO Jd.' Beeswax, Is 9d. Hams, Is 4d. Bacon, Is Id for choice. Bacon pigs; Care must be taken with these owing to the hot weather; prime haconers, 7d; prime porkers, 7d; heavyweights, to sd. Honey; Slow sale; choice bulk, 5d per lb; sections, choice, 12s; 101 b tins, 6s 6d each. Sardines; Pelican brand, 6s, 5s 6d. Eggs; Stamped, Is 3d; cased, Is 2d. Egg crates; Champion 24-dozen, 17s 6d; Economic 20-dozen, 15s. “Moose” nuts, 17s per 1001 b bag. Fowl wheat, -Ss 3d, 5s 6d per bushel. Oats: A Cartons, 3s; B Gartons, 2s lOd. Giraffe brand lime sulphur; Four-gallon tins, 2s 9d per gallon; 1-galion tins, 3s 9d per gallon; in casks, Is lOd per gallon. Palmer's chick food: Special quota, tions. Tallow, 235. Oatsheaf chaff: Prime quality, £5 10s per ton, ex truck; inferior, £3 to £l. Woodwool: Special quality, 30s per bale. Apple wrapping paper. 10 x 10, Ss 6d ream. Black Leaf “40”: 101 b tins, 60s; 21b tins, 15s; Jib tins, 4s 9d. We have just landed a full supply. Those wanting any should order at once. New Zealand agents for the Hannan cloke air free fruit case. We are South Island agents for the celebrated Ellis fruit grader. Pull particulars and catalogues on application. Poultry : Six hundred and twenty-three hens realised 3s to 5s 8d; 38 cockerels, 3s to 10s Gd; 45 chickens, Is 'to 2s 6d; 54 geese, Ss to 11s; 132 ducks, 6s to 12s 6d (all at per pair). One hen and 10 chickens, lis 6d; one hen and 10 chickens, 11s Gd. E„ OSWALD REILLY, Managing Director, Moray Place, Dunedin.