COMMERCIAL.

Otago Daily Times, Issue 19844, 17 July 1926, Page 10

COMMERCIAL.

SOUTHLAND MARKET REPORT. (From Our Own Correspondent.) INVERCARGILL, Jtily 16. GRAIN. Oats.—There is really little business passing of any description, an occasional sale only being made in these in small quantities. Offerings from farmers are now few and farbetween, and more especially so as far as grade oats are concerned. Merchants are now busy dressing lines for a distributing seed trade, and thereafter it will be known what quantity of A’s and super A’s ia available for outside business. The quantity certainly will be limited, although there are a fair amount of inquiries coming in, these are generally at under merchants' ideas of value. All evidently have faith in the future of the market, as no business has taken place at the reduced prices offering. Merchants’ ideas of values are 4s 5d for super As, 4s 3d A grade, 4s B grade, f.0.b., s.i. Chaff.—This is still offering in excess of local requirements. Much of the chaff, however, is of inferior quality, and more on that account probably than anything else, the price for prime quality is still maintained at £1 10s per ton, on trucks, country sidings. Ryegrass.—A certain amount of business has* been done, and one sale of 28lb seed was made during the week at 5s Id pel bushel This, however, on account, of the quality cannot be taken as an indication of values. Merchants generally are asking from 5s 3d to 5s 6d for 271 b to 291 b seed, the price depending on the weight and ger ruination. There are many who aie of the opinion that the price for anything of a good weight and strong germination will distinctly improve ere long. In the meantime business in rather low quality seed has its influence on the value of better condition I°' 1 °' ! ’ STOCK REPORT. The stock market continues steady with little variation from our last report, and prices are firm for all classes offering, ihc fat cattle section is well supplied, and fat sheep are offering freely, which tends to check any sharp rise in cither class. ihe store sheep market is bouyant, with few goo<l lines on offer. The inquiry in this particular class exceeds the offerings, and any wfncli find their way into the yards are keenly competed for. The store cattle market is also good, and steers bring money which leaves very little margin to the fattener. Fat Cattle.—Extra heavy prime bullocks, to £l7 10s; prime heavy do, £l4 to £l6 103, medium-weight do, £ll Iss to £l3 10s; prime heavy heifers, £9 10s to £l2; medium do, £6 15s to £8 10s; prime heavy cows. ±s tua to £lO 10s; medium do, £6 to £7 10s, runners, to £4; vealers, 30s to £2 10s p rnno ox beef, to 37s 6d per 1001 b; heifer beef, round about 32s 6d per 100 l b: cow beef, 22s Od to 25s per lOOlb. . , Fat Sheep.—Extra heavy prime wethers to 365; prime heavy do, 32s Gd to 34s 6d, medium do. 30s to 31s 6d; lighter, down to 28s 6d; prime heavy ewes, 22s 6d to Jos, medium do, 18s 6d to 20s Gd. Store Sheep.—Mixcd-scx lambs 22s 6d to 21s Gd; wether do, 20s to 22s 6d; ewe do, 27s Od to 80s; two-tooth owes, 38s to 42s Go, two-tooth wethers, 25a 6d to 26s 6d, fourtooth do, to 28s; sound-mouthed owes oOs to 345; failing-mouthed do, 22s Cd to -os, old ewes, i7s to 20s. Store Cattle. —Good three and four-year steers, £8 to £10; two-year do. £6 10s to £7 103; 18-month do. £1 10s to £5 10s; caivca to £2 10s; two-year speyed heifers, iJ His to £4 10s; old cows, £2 to £3. OAMARU MARKETS. (From Gob Own Correspondent.) OAMARU, July 16. The past week has seen little movement in the markets of North Otago, the climatic conditions being very unfavourable. Although the major portion of the wheat has gone to the mills small parcels continue to reach the market. A parcel of Tuscan changed hands at 6s lid per bushel, on trucks. Inquiriea are being received from the Noiiu Island, but there is practically no response from these parts. The oat market is still lifeless, there being no demand from the north. 11ns, notwithstanding, farmers are showing a reluctance to sell at ruling prices. One farm reports sales of A Gallons at 3s 5d per bushel, country stations, and at 3s Gd for super. Oaten sheaf chaff is weak in sympathy with oats One or two sales have been made at £5 per ton. on trucks, but growers are generally unwilling to accept this price. _ Potatoes are changing hands in small quantities. The price paid for Up-to-Datea is £6 per ton, on trucks, and for Arran Chiefs £5 10s. There are not many local potatoes now to come in. A line of black skinless barley was marketed at Gs per bushel, delivered in Oamaru. A email parcel of ryecorn was purchased at 5s per bushel, on trucks, at Kurow. There is nothing doing in fowl wheat and grass seeds. . , , The live stock market has been extremely quiet, though very high prices were obtained at a clearing sale, which is an indication of the general shortage of stock. Ewe hoggets have sold at up to 30s per head, failing-mouthed ewes 12s to 16s Gd, two-tooth ewes 41s, four-tooth ewes 40s, and tat wethers up to 31s. A few tat bullocks are available, but those selling are averaging about £2 per 1001 b. Dairy cows are in good request at satisfactory prices. CANTERBURY' MARKETS. (Per United Press Association.) CHRISTCHURCH. July IC. This morning a Sydney cable notified an advance for New Zealand potatoes. Fi«m £lO to £ll was the preceding quotation, and this morning’s was £l3. The quotation refers to the Waihora’s shipment, which was 40 ner cent, less than originally proposed, and in all probability it is this circumstance that forced values up. The Kaitoke sailed yesterday from Lyttelton for Sydney with 14,360 sacks, and this quantity w lll be supplemented at Timaru by 0000 to 9000, and at Oamaru by a few more, so that the total shipment should exceed 22,000 sacks. This wlll make the total despatches to Sydney this season close on 100,000 sacks. The next vessel arranged for is the Karetu, at the end of the month. In spite of the Sydney position, the local market to-day was inclined to he depressed. Just enough potatoes are going north to spin out supplies, and northern traders apparently are content to meet the needs from consignments instead of forward operating. The Kurow this week took only 2900 sacks (of which 400 were seed), and the Katoa about the middle of next week will probably have a small cargo. Very few potatoes are coming in from farmers, the shipments recently having been from notatoes in store at the ports. Sydney offers have firmed from £8 5s to £8 10s for August-September, at which figures a fair amount of business has been done, and September at up to £8 15s. Local coastal Is quoted at £7 for July and up to £7 15s for August for any quantity. Onions are about up to £ls a ton on the trucks available. . •‘Dead’’ is the usual response to inquiries about the seed market.