COMMERCIAL.

Otago Daily Times, Issue 19615, 20 October 1925, Page 8

COMMERCIAL.

GRAIN AND PRODUCE REPORT. Messrs Donald Reid and Co. (Ltd.), report as under: Oats. —A keen inquiry still exists for bright heavy samples suitable for seed. Values in consequence have improved slightly, and A Cartons are worth 3s Bd, on trucks, country stations, sacks extra. Wheat.—The market remains in much the same position as last week. There is very little wheat left in this district unsold, and stocks in store are now on the light side. Northern merchants are still, however, offering fowl wheat, and the bulk of local requirements arc being obtained from this source. Value to-day is 7s Cd, sacks extra, fcx truck.

Chaff. —Prime quality is in keen demand, and any trucks of this grade coming forward are readily disposed of ex truck. Value £5 12s 6d, sacks extra. Medium from £4 to £4 15s, ex store. This grade is slow of sale.

Potatoes. —The market remains on a par with last week’s report. Odd trucks are constantly arriving, and sales continue steady, and values arc up to £9 per ton, sacks in, ex truck.

Messrs Dalgety and Co. (Ltd.) report as follows:

Oats. —The market is quiet, with very few samples offering. The demand is chiefly for heavy A’s suitable for seed, which can bo quoted at 3s Cd per bushel, on trucks. Wheat.—Stocks arc low and there is a good demand for good whole fowl wheat at up to 7s 6d per bushel, ex truck. Potatoes. —Values remain firm, and good tables are now realising up to £9 per ton, ex truck. Chaff.—Prime quality only is inquired and prices have firmed slightly, and -nis grade is now selling at £5 12s 6d per ton. There is practically no inquiry for low grade chaff and nominal quotations are from £3 10s to £4 10s per ton. DAIRY PRODUCE. Messrs Joseph Nathan and Co.’ a Dunedin agent has received the following cabled advice from London; Butter; New Zealand, 216 s to 2205. The National Mortgage and Agency Company is in receipt of the following cablegram from Messrs A. J. Mills and Co. (Ltd.), London:—

Butter; The market is very slow. Salted and unsalted, 215 s to 2205. Cheese: The market is quiet. Canadian, 116 s to 118 s.

Messrs Joseph Nathan and Co. report as follows:

Since our last report the London butter market has weakened considerably, the chief reason for this being, no doubt, the settlement of the seamen’s strike. The latest quotations from our London house, under date October 15, 1925, arc 216 sto 220 s nominal, with no buyers. The weather is still unsettled, feed [is scarce, cows are in poor condition, and it is generally believed that production will be 10 per cent, to 15 per cent, less than last year. Imports of butter into Great Britain during July are: July, 1925. July, 1921. From. cwts. cwts. Russia 40,225 65,843 Finland 8.098 12,899 Sweden 7,707 3,561 Denmark .. .. 160,719 174,037 Netherlands .. 7,866 17,441 France 5,827 1,244 U.S.A 628 775 Argentine Republic 19,181 9,832 Irish Free State .. 67,662 93,746 Australia .. .. 35,761 5,619 New Zealand .. 61,805 13,135 Canada .. .. .. 37,989 1,276 Other countries .. 12,516 13,955

Totals .. .. 465,984 443,413 Exports of butter from Great Britain during July are; July, 1925. July, 1924. To. cwts. cwts. Netherlands . .. 964 625 Belgium .. .. 166 32 Franco U.S.A 1 Irish Free State .. 104 121 Other countries .. 2,137 2,022 Total .. .. 3,371 2,806 Our Australian correspondent reports under date October 1925; Sydney: Supplies are not showing any marked advance on account of the late spring and dry weather conditions. Prices steady, at 182 s per cwt this week. Next there will he an advance to 186 sßd per cwt. Melbourne: The market advanced on Monday, October 5, to 182 per cwt for choicest quality. Supplies are increasing each week, but the season is late on account of the continued cold weather. Brisbane: The local market wa a steady at 18Gs per cwt until Thursday, October 1, when an advance wag made to 191 s Id per cwt. Montreal reports under date September 4, 1925: —Market firm with good local demand, but with little business passing for export. Wo quote prices nominally 38i to 39i cents. Production has boon holding up well, but lack of rain for the past three weeks is having effect which will have a marked bearing on future receipts unless cnoditions improve. Receipts for the season so far, 409,603 boxes; receipts for last season, 350,414 boxes; shipments for season so far, 250,028 boxes; shipments for last season, 64,024 boxes. Stocks: August 31, 1925, 152,840 boxes. CHEESE. The market is firm with little or no New Zealand cheese available. The latest quotation from our London house, under date October 15, is UCs per cwt. Imports of cheese into Great Britain during July are; July, 1925. July, 1924, From, cwts. cwts. Netherlands .. 8,635 9,320 Italy 18,183 10,669 U.S.A 1,937 4,361 Australia .. .. 3,817 1,769 New Zealand .. 125,690 98,688 Canada .. .. .. 3(38,202 113,095 Other countries .. 5,276 4,835 Total .. 331,670 242,7.37 Exports of cheese from Great Britain during July arc; July, 1925 , 3985 cwt; July, 192-4 , 2668 cwt. Montreal reports under date September 4, 1925: — . The market has developed an easier undertone though sales of some fair lines wore made at 106 s Od to 107 s 6d for first quality. There has been an active demand for seconds and under-grades. Shipments to date, 747,740 crates. Same period last season, 607,340 crates Stocks: August 31, 1925, 315,674 crates. Philadelphia reports under date September 1, 1925, quotations being as follows; —Longhorns 211 cents, Young Ame.ricas 21 i cents, Square Prints 221 cents, POULTRY 1 POULTRY! Established 1861. Wo arc in urgent need of Fowls, Ducks, Turkeys, Geese, and Pigeons. No commission charged ; railage paid ; crates supplied fr Write W. STEWART (LIMITED), Fish and Poultry Merchants, Princes street, Dunedin*. —Advt,

THE DOHIXION BUILDING SOCIETY. The Secretary (Mr David Leslie) reports that at the meeting of the directors of the Dominion Building Society, held hist evening, a considerable number of applications for shares wgre received, and further applications are in right. Applications for loans without ballot were also dealt with. It has been arranged to hold the first ballot meeting on Friday, October 30, when at least £IOOO will be balloted.

Scott Bros., produce merchants and commission agents, agents for the Egg and Poultry Growers’ Association, Dunedin, report;—Eggs: Firm at full market rates. Butter: Dairy pats, l s 5d per lb. Honey: Prime bulk, sjd to 5Jd per lb; lOib tins, 5a Ed to Gs each. Beeswax, Is to Is 3d per lb. Fat, 24s to 28s per cwt. P'oultry; Hens, 5s fid to Gs per pair; ducks, Gs to 8s 6d per pair; geese, nominally 7g 6d per pair; turkeys, hens Is Id, gobblers Is 2d per lb. Pigs: Baconers, lOd to IOJd per lb; porkers, lod per lb; over-weights, 4d per lb. Potatoes : Prime samples, £9 per ton, ox truck. Chaff: Prime oaten sheaf, £5 15s per ton, sacks extra. Whole fowl wheat, 7e 9d per bushel. Maize, Ss per bushel. Oats, 4s G<l per bushel, sacks extra. Straw; Pressed wheaten, £3 10s; oaten, £4 per ton, ex store. Please Note. —Pigs and poultry must arrive not later than Thursday in the week. Wo quote for the following lines:—Pareora meat meal, oyster shell grit, log rings, toe punches, Star brand chicken food, Horizontal egg crates. October 19, 1925.