LONDON SHEEPSKIN MARKET.

Otago Witness, Issue 2915, 26 January 1910, Page 22

LONDON SHEEPSKIN MARKET.

LONDON, January 21. At the sheepskin sales 5295 bales of Aus- ; tralian were offered. There was an aver- i age attendance of buyers, and good com- , petition Merino, unchanged; fin© cross- j brads, par to 5 per cent, advance; low ! crossbred, 5 to 10 per cent, advance. The Now Zealand Loan and Mercantile . Agency Company are in receipt of the following cable advice from their London : office, dated 21st inst.;—“ Fine crossbred sheepskins have advanced id; medium and coarse crossbred have advanced id.” DUNEDIN MARKETS. WHOLESALE PRODUCE REPORTS. Mr J. Fleming, Princes street south, reports under date the 25th. inst.;

Wheat per bushel. Best milling 4/5—4/6 Medium do ... 4/4 Fowls’ ... 3/10-4/0 Milling oats ... 1/10 Feed oats... 1/8 —J/0 Malt 1 ariey ... 3/0 Feed barley 2/o—2/3 Cape barley ... 3/8 Maize 4/6 per ton. Plour, in 200’s ... 215,0 Flour, in 50’s ... 220/0 Pollard 80/0 Brae 05/0

perron Oatmeal, in 25’s 210/0 Oaten chaff 55/0 —62/6 Ryegrass hay 52/6—60/0 Straw ... 27/6 to 25/0 Pearl barley .. 340/6 cwt Onions, good 8/1 -9/0 per lb. Rolled bacon ... Bicl Side bacon ... BJd Smoked hams ... 9a Cheese ... 6d—ti^d Good salt butter, 9d to lod, according to quality

Hew potatoes, 4s to 5s per cwt. Old potatoes are exit of the market. Good potatoes are wanted. Market bare. FARM AND DAIRY PRODUCE. Messrs Irvine and Stevenson, George street, report paying lor produce during the week , ending the 25th Inst, as follows: Bacon irollj, Sa peril* 1 lue»a outter, Sd to Ham, 8d per lb i 9d per Id I resn eggs, ild dez i Sale butter : not buying Fresh butter, good ordinary (in lib and Jib prints), 8d to lOd per lb. Pigs, 130ib to 16010, old. Honey 3id. Fowls, 3s to 3s 6d (boiling,. i THE HIGH COMMISSIONER’S CABLEGRAM. WELLINGTON, January 24. Tli© High Commissioner cabled on January 22: Mutton. —Market quiet; trade for ail classes of mutton has been very slow, and prices barely maintained.. The supply of Canterbury mutton is pra itica.lly exhausted. Quotations nominal. The average price of North Island mutton is ojd. Lamb.—The stock of last season’s New Zealand lamb is almost exhausted. Small lots on the market are soiling- at mutton prices. The.average price of the new season’s New Zealand lamb (other than Canterbury) is 4|-dl; Australian lamb, 3|d. Beef. —Market firm, supply limited, New Zealand hindquarters averaging S^d; forequarters, 2 |d. n utter. —Market vary firm, with general

! and active- demand. It is expected that J prices will advance. The shipment of butter and cheese per s.s. lonic arrived m good' condition. The averag-a price of choice New Zealand butter la 14s; Australian, Argentine, and Siberian, 110 s; Danish, 121 s. Cheese. —Market very firm, with good demand. New Zealand finest white cheese averages 58s, coloured 575. Hemp.-—Market quiet at last quotations, with a tendency in favour of buyers. It is reported that the American market for Manila iB firmer. The output from Manila for the week was 20,000 bales. The prices cabled last week were: —Spot, good fair, £27 10s; fair, £26 15s; Manila, £26 10s; January to March, good fair, £27; fair, £26; Manila, £25 10s. Kauri Gum. —Market fair, with fair demand. Current 'jactations:—Ordinary to fair, three-quarter scraped, £8 10s per cwt; fair, half scraped, £5 ss; brown fak', half . to three-quarter sez-aped, 90s; brown pick- ; ing.s, common to good, 40s; bush, fair to good, pale- and amber, scraped, Sd. THE FROZEN MEAT MARKET. j . NAPIER, January 20. j The C.C. and D. Company (Napier) toj day received by cable the following re- ! port concerning the- frozen meat market:—" Lamb, market weaker, owing to heavy stocks, and values have declined - Ad. The beef markfffc is slightly firmer. i To-days quotations : Mutton—Napier, WelI lingtcn, and North Island, 3|d; lamb, first quality (second quality 3|d; boof, hinds 3gd, foxes 2|d." NEW ZEALAND BUTTER IN LONDON. In a report dated 19th November, 1909, received by the Minister of Industries and Commerce from the High Commissioner regarding the first shipments of :,ew season's butter received par s.s. Corinrhic and s.s. Paparoa, the Produce Commissioner states that a good market was mot, as, alihousrh consideirable supplies of butter wero available, there was not any great quantity of finest quality offering, and there was consequently a keen demand at high prices for suitable brands. The Produce Commissioner adds that the butter in both boats was found to be of exceptionally fine quality for such earlv shipments. Every one hi the trade he had spoken to expressed the opinion that these shipments were the finest that had yet been received so early in the season. As already advised by cable, the shipments ex these vessels were cleared at an average of 118 s to 120 s per cwt. , THE HOP MARKET. The Hon. the Minister of Industries and Commerce has received from the High Commissioner a report by the Produce Commissioner dated London, 18th November, 1909, regarding the hop market. After referring to the steady advance that has i taken pla*.-o in the marker, during the last I few months owing to the bad English season, etc., the report continues: " Whereas prices in June were only 80s per cwt for best English hops a-nd 60s tier cwt for Oalifornian, the advance has been so steady owing to the improved demand caused by the short supply and by the medium quality of most oT the crop that quotations are now £8 8s per cwt for Kent Goldens, £7 10s per cwt for Kent, and £7 for California.n, or a rise, to fully double the value; they were six months ago. Some shipmente of hops have lately come to hand from New Zealand and .have realised payable pricea, their value being from £5 5s per cwi to £6. I have inspected several of these parcels in the Borough, and find that while the quality of them is quite satisfactory, complaint is made l of the method of packing. Merchants inform me that the hops are too tightly pressed, and I observed on comparing the Now Zealand . bakis with those received from California

tharfc fee former were much more tightly packed than the latter. No -doubt this mode of pressing is adopted to save freight, but it baa been pointed out to mo that the sole cause of the lower price given tor the New Zealand bops on the market is the tight pressing, which, it is maintained, injures the quality of them during the voyage' very materially. Merchants state that if, the hops ware more loosely packed a. price equal to that ruling for California!! would bo obtained. That is at present an advance of fully 20s per cwt. Tho outlook for the sale of New Zealand hops on the London market next season is promising. Prospects of remunerative prices are better (ban they have been for several years. Stocks are very small, good _ quality bops are scarce, and present prices one likely, at least, to continue. The belief )« that they will advance. Consequently there should be a good market, hero fur the incoming New Zealand crop." CHRLSTC'HUItCTI MARKETS. CHRISTCMUROH, January 19. Naturally, with the harvest in fmll ewiiig, all parts of the Canterbury grain market remain quiet,, as few farmers can afiord the time necessary lo place their produce on oifor. Already a ocmisiderablo number of machines are bu«y tAmmhinq; in. various parte of the provhiuo, lyut the number of sam plow of wheal, which hafi been placed before morehairbi baa Leen small, and few sah-n resulted, sellers being firm in their dcTria-rwifl. while milleiH and merchants (although the former'*- stoofcfl rrrust now in most cmsm bu dttpleted) do net w.rn anxious to buy, the majority being of the opinion that, as the &eaeo,H advances prices will moode. N'"'V/ H<~.»..:,u.'r. wheat changed haisds during the hint, few day:at prices ranging' frowi $H 7d to 7m 3d, hut in -nine caau* NOtnplen «f istook l.hreahcd grain have been rejected on arrival in part on account of dampriewfl. Several samples shown have I ecu ex/jetlcnt in quality, the grain Virig well grOWK ami shotty, but in other eases Lho grain i« below the normal size. Oats. —Few parcels havo been placed on offer, although there has been fair inquiry from the north, and busines:-< done ba.s been of a hand-to-mouth description. Sales of new season's oats, prime quality, have been ma.de at prices ranging from Is 5d to Is 7d, the former price- being paid for duns and the latter for Gartons. Those prices were for delivery on trucks at country stations within short distance of the city. Offerings of white- oats have •been very small, the bulk of the lines having been Algerians. With few exoentions the samples of duns shown have not been high class. Barley has been on offer in limited quantities, but so fay the lines that have come forward have been of indifferent quality, and too thin, and prices paid ranged from 3s 9d to 4is per bushel on trucks. Several lines of ryegrass are on tho market. Fair progress has heen mode with threshing co'ksfoot on Banks Peninsula, where the yield is expected to be considerably in excess of that of last year. Tanuary 21. The break in the weather having interrupted harvesting and threshing operations, there has been very little new grain appearing during th<? la*t few days. Two 500bushel lots of new wheat, country stations, have been purchased at. 3s 9cl, but no sales of oats or barley of any moment are reported. For prime malting barley 4s is being offered, and for inferior the price is as low as 2s 9d GRAIN AND PRODUCE SALES. Messrs Donald Reid and Co. report:—We held our weekly auction sale of tiiain and produce at our stores on Monday, when wo submitted a fair catalogruc to a good attendance of buyers. Bidding was brisk, and we cleared tho bulk of the catalogue at satisfactory prices. Values rules as iu:der : Oats.—There is no change to report in prices, and as there are practically no samples offering little business is passing. Good feed oats have a. brisk sale for local consumption at late rates. We quote: Prime milling, Is 9d to Is lOd ; good to best feed, Is 7£d to Is 9d; inferior to. medium. Is 5d to Is &id' per bushel (sacks extra). Wheat.—ln the absence of any samples offering from the country, and owing to stocks in store being almost depleted, little business is passing in this marfeet. Millers have, however, fair stocks on hand, and at present show no inclination to do business until the new crop comes on th« market. Good whole fowlwheat is scarce, aiwl meats good demand for local consumption. We quote:—Prime milling, 4s 4d to 4s sd; medium to good, 4s 2£d to 4s 3id ; best whole fowlwheat, 4s to 4s 2id ; medium, 3s 6d to 3s lOd ; broken and damaged, 2s 9d to 3s 3d. per bushel (sacks extra). Potatoes. —Supplies continue to come forward regularly, and the demand except for prime sort:* is somewhat slack. Prime table potatoes realised £4 to £4 10s per ton (sacks included') at. our sale. Chaff. —The market is heavily supplied with all classes of chaff, and prices show a decline on those ruling a week ago. Prime qualitv is in most demand, and is saleable at £2 12s 6d to £2 15s; extra choieo samples up to £2 17s cd. Medium and inferior have little inquiry at £2 5s to £2 10s per ton (sacks extra). HIDE SALES. MELBOURNE, January 20. At the hide sales to-day there, was a small supply and a good demand. Prices were unchanged. FARM SALE.' Messrs Sie-vwrigbt, Haggitt, and Co. report having sold Mr F. G. Glover's freehold farm (Caddon Bank) of 1114 acres at Ahuriri Flat as a going concern to Mr John M. Smith, late of'Greenfield. OTAGO FARMERS' HORSE BAZAAR. The Otago Farmers' Cd-opsrative Association report:—We held our annual harvest horse sale at our bazaar on Friday, when we offered the record number of 160 horses of all classes. The attendance of farmers*, traders, and contractors from Southland, Canterbury, and Otago Central was good, and most of the horses that changed hands were purchased by country clients from a distance. Our entry comprised over 100 Clydesdale horses, the .greater portion of which would have been hard io beat in any market in the Dominion. These; came from as far south as the western district of Southland and as far north as Studhclme. Tho Ka.lance of the entry was made ud of good vanners,

strong spring-carters, upstanding harness horses cobs, and pernios. Although tbero was such a capital gathering of farmers from all parte cf both provinces the demand was very slack, and vendors values had to bo considerably curtailed m order to effect sales. The apathy of buyer*, who dawdled about in the bazaar, apparently nuite unconcerned about business, was very noticeable. Notwithstanding, this, as the day wore on competition improved, and bidding became brisker, and a largo number of useful mares and gekrmss, suitable for farm and .contractors work, went to fresh quarters in the far south and to North Canterbury at prices not very satisfactory to seller**, a great many 01 whom brought their hcrae-s from a long dasfcaajce, and preferred bo accept a reduction in their estimate of values rather than rail them home again. Although wo disposed of practically two-thirds of the entry, the sale, on the whole, was somewhat ditrsppourtinig, and the tendency is to lower values. We held our usual weekly sale on Saturday, when we offered an' entry of 53 draught mares and geldings, rarmers, spring-carters, buggy horses, and nice, handy light-weight hackneys. The attendance was much smaller than en the urevioua day. Competition was lariiruid, and only a limited business done. Ssveral of t.ho best light harness and cart hcmr«s changed owners at prioe3 on a par with Friday's values. We quote: Good young! draught mares at from £3B to £43; extra good Clydesdale mares, suitable for stu-dr purposes, £45 to 70 guinea'*; superior young draught gelding*, fit for shaft and lorry work, £33 to £42: extra to £55; ordinary drauirht marcs anad (jeldines at from £25 to £32; aged drangirts at from £lO to £ls; good strong, wpstandiacr v&nnere. at from £2l to £3O; heavy 6prinsr-ca.Tters at from £2O to £25; ordinary epr.insj-carters at from £ls to £18: upstanding bup-rry mares and geldings from £l6 to £22; hackney and cob ponies, from £3 to £l4. PROPERTY SALES. Messrs John Reid Sor.e report having disnosed of (orive.tely) lots B, C and D, of the- Corner Bush Estate, leaving only lots A. E, and the Home Farm now for sale. The- same firm report a strong 1 demand for the 25 farms on the Goodwood Estate. Tenders to lease these closed Last week, and all but thzee aave been taken up at satisfactory rentals.