TIMARU SALE

Otago Witness, Issue 2812, 5 February 1908, Page 24

TIMARU SALE

TIMARU, January 30.

At the third wool Pale to-day 7451 bales were catalogued, but a considerable number were withdrawn. The wool was a very poor lot, and \ery earthy. This, combined with the fact that much of the wool offered had been passed in at previous sales, made the sale slow. There was a decided lack of animation, and for coarse crossbred, which comprised the bulk of the catalogue, there was practically no" competition. It is stated lhat buyers received intimation of a 10 per cent, drop at London, thus restricting operations. Fully one-third was passed in. The number of bales actually sold did not exceed 60 per cent. Inferior crossbred declined, compared with the second sale, from %d to Id. medium crossbred id, three-qua.rterbred from par to id. The top pnc« was lOJd for 14 bales of halfbred ewe. Prices were: Crossbred, 4^d to 6d ; three-quarterbred, 6d to 7d ; halfbred, Bid to 10|d. Merinos improved a little, bringing 9d to 9Jjd, compared with 8d to 9d at the last sales. The New Zealand Loan and Mercantile Agency Company (Limited) is in receipt of the following cable advice from its London office regarding the progress of the wool sales:— "The ealcs gain firmness as they progress. Since the opening of the sales prices are higher by £d per lb for good and medium greasy merino, and lower by par to id per lb for medium and coarse greasy crossbred, unless suitable for the American market." DUNEDIN MARKETS. WHOLESALE PRODUCE REPORTS. Mr J. Fleming, Princes street south, reports under date the 4th inst. : — Wheat per bushel. per ton Best milling ... 5/4 Bnrley nu«t ...110/0 Medium do ... 5/0 Oatmeal, in 25' ■< 290 0 Fowls' ... 4/6-4/ ft Oaten chaff 72/6-85/0 Millineoats ... 2/6 Ryegrass haj 9.1/0 -100 0 Feed oats... f/2— 2/4 Straw ... 41//0- 50/0 Malt barley 4/4—4/8 Pearl barter . 3.0/& Feed barley 3,6— 3/9 Onions P/G-10/6 cwt Cape bailey ... 4/0 ! per I>>. Haize sfi Rolled bacon ... 9i per ton. Side bacon ... 9d | Flour in £00's ...225 0 Smoked hams ... 9M Flour in 50's ... 2JO/0 Cheese ... tid — «4«i Pollard HO/0 j Good s alt butte', 9.i ta Bran 95/0 -ICd. aceorciins to I quality New local potatoes arriving in market in good condition. Selling at 5s 6d to 6s per cwt. Market bare of fowls' wheat. FARM AND DAIBY MODUCE. Messrs Irvine and Stevenson, George street, report paying for produce during the week ending the 4th inst. as follows: — Bacon (roll), 9d per lb Fre&h butter, 8d to Ham, 8d per lb Hd per lb . Fresh eggs. 1/2 dcz Salt butter : not buying Fresh butter, good ordinary (in lib and Jib prints;, 9d to lid per lb. Pigs, 1301b to 1601b, Sid. THE HIGH COMMISSIONER'S CABLEGRAM. WELLINGTON, February 3. The Department of Industiies and Commerce has received the following cablegram from the High Commissioner, dated London, Febiviary 1 — . Mutton.— The mark-t is dull, and trade very disappointing, there being only ft hand-to-mouth demand. River Plate mutton rs in large supply, and is being strongly pushed for sale. Current quotations: Canterbury mutton 3?d per lb; North Island, 3Jd; Australian, 2ld ; River Plate, 3d. There is a fair local demand for this season's New Zealand lamb. Canterbury brands are quoted at 6d. Beef-— The market is weak, and there is no change in prices to report. The butter market is very firm and excited, on account of the falline-off of receipts. There are more buyerß than sellers, and there ia general confidence in the maintenance of present prices. Choicest New Zealand butter averaged 124s per cwt during last week. The Tongariro's butter, to be delivered nest week, has been sold art 126s per

cwt; 1289 per cwt is now asked for Auft trahan, but it is quoted at 1225; Argentina 120s ; Danish, 1275 ; Siberian, 117s per cwt. The cheese market is quiet, with a tendency in favour of buyers. White m«ke3 are at 50s 6d, an 3 'coloured at 61s 63 pec owt. The hemp market is dull, and no immediate change is expected. The following ar« the curient quotations — Good fair grade, on spot. £28, fair grade, on spot, £27; fair current Manila. £^8 10s: J anuary-March shipments, good fair grade, £27 10s; fair grade, £26 15s; fair current Manila, £28. The cocksfoot sesd market is quiet. Buyers are not keen to do business, and there, are light stocks on hand. Prices are firm, and bnght, clean dressed seed (171b to the bushel). is quoted at 77s per cwt. • The wool market is firm for merinos. Cross* bieds are id lower than the last quotations. THE FROZEN MEAT MARKET. NAPIER, fanuary 30. The C.C. and D. Company London, cabled the following report on the frozen mead market: — "To-day's quotations are — Napier, Wellington, and North Island mutton, 3Jd. Beef: Hindquarters, 3gd; forequarters, 2Jd."