COMMERCIAL CABLEGRAMS.

Otago Witness, Issue 2924, 30 March 1910, Page 22

COMMERCIAL CABLEGRAMS.

LONDON, March 21. The quantity of wheat and flour afloat for the United Kingdom is 4,090,000 quarters, and for the Continent 1,980,000 quarters. The Atlantic shipments total 114,000 quarters. The total shipments to Europe this week are 1,030,000 quarters, including: 161,000 quarters 'rom the Argentine and Uruguay. March 22. Bank of Australasia shares arc quoted at £lO7 to £109; Bank of New South Wales, £45 to £46 (ex div.); Union Bank, £63 10s to £64 10s; National of New Zealand, £5 12s 6d to £5 17s 6d (ex div.). March 23. Rubber: The best sold at auction at lis. March 23. At the tallow sales 213 casks were offered and all -were. sold. Mutton, fine 37s 9d, medium 34s 6d; beef, fine 37s 6d, medium. 31s 6d. The American visible supply of wheat ia estimated at 54,120,000 quarters. March 24. Two Australian cargoes of wheat sold; at 39s 3d and 39s respectively. March 25. The Bank of England returns show the stock of gold coin and-bullion to' be £32,517,000; reserve, £22,591.000; pro, portion of reserve to liabilities, 47,45. The notes in circulation total £28,777,000; public deposits, £7,258,000; other deposits, £42,423,000; Government securi-

ties, £513,976,000; other securities, I £30,428,000. The bank rate of discount is 4 per ~ icent. Short-dated loans are discounted at j 3| per cent., and three months' bills as follows :—London; 3 11-16 per cent.; Paris, 2-| per cent.; Berlin, 3| r>er cent, i Consols quoted at £B2. The following .are the quotations for colonial Government stoeks; compared with those ruling a week previous : ! Mar. 18. Mar. 25. New South Wales 4's 106 f 107-1 New South Wales New South Wales 3's 87i 87i j Victorian 4's ~ ... 1034- 103 g Victorian SJ*B ' 98A 98£ | Victorian 3's ... L • 86 864 ■ Queensland' 4's ... ...., ... ... 104 104 j Queensland 3|'s ... 98£ 98* Queensland 3's ..» 86 86 South Australian 3£'s 98 98South Australian 3's 84£ 84£ New Zealand 4's ... ... ... 106 i 1064 New Zealand 3-i's 98-i 97g ! New Zealand 3's 87 87 | Tasmanian 3g's . 97g Tasmanian 3's ...' ... ... ... 86± C6£ West Australian U's~ ... ... 981 99 West Australian 3's ... -:.. 89 89 ; The wheat markets show a holiday j tone, but are firm owing to reported droughts in the American winter wheat j belt and to a reduction in the official estimates, of the Argentine crop and a decrease in the,, world's weekly shipments. Ten. thousand five hundred quarters Victorian March shipment sold at 39s l£d, 1 and a, cargo of Australian at 38s 7-Jsd. .There is little inquiry for cargoes. The ; sum 61 59s 6d is asked for sailer 3 January j shipment, and 39s to 39s 3d for steamers ! February shipment. Australian spot is held for 42s 6d. There is nothing doing in New Zealand new crop,- which is valued for promot shipment at 35s to 35s 6d, c.i.f. The flour market is .dull. Sales of Australian April shipment have "been made at 26s 9d. The .oats market is quiet, Cartons, 18s 6d to 21s 6d; sparrowbills, IBs to 20s 6d; La Plata, February-March shipment, 14s 3d. Copoer : Spot, £SB 16s 3d; three month's. £59 17s'6d; electrolytic, £62. Tin : Soot, £l4B 7s 6d; three months, £150."7s 6d. • ~X- ■ Lead, £l3. -.■ Spelter, £23. - Pig iron, 513 lOd. Sugar : German, 14s 8d; first marks, 16s 7d. The Bradford wool has a- cheerful lone. Merino's are hardening. Forties, 15d; 46's, 17-|d; common 60's, 26fd; super, 27fd; 64's, 28d. The butter market is easier, the holidays checking business. Danish is weak at 127 s to 1295; secondary, 116 s to 118 s. The quality of many brands is somewhat unsatisfactory. New Zealand choicest, 122 s to 1245; secondary, 116 s to 120 s; Argentine, 1225; Siberian, 12Qs to 1225. The cheese market is firm. New Zealand coloured, 60s to 61s; white, 62s to 635. Copra, firm. South Sea, in bags, £25 ss. Business is limited, owing to the small offerings. Rabbits are flat. Prices, unchanged. Cotton, 7.S6|d. Sheep.—Canterbury, light and medium (nominal). 4|d per lb; Southland unquoted; North Island, 'd to 4£d: best brands, 4fd. Lamb.— Canterbury, 5Jd; Southland, unquoted; North Hand, s±d; selected, 5Jd. Beef.—Fores, 33d; hinds, 4id. Australian, heavy 3Jd, light 3 U-16d; lamhs; best brands 4Jd, fair quality 4 13-l6d inferior quality, 4|d; beef, fores 3|d hinds 48d. River Plate.—Sheep, heavy 4d, light 44d: beef, fores 3 13-16 d, hinds, 4 7-16 d; *"** 43d: March 27. The wheat and flour afloat for the United Kingdom is estimated at 4,230.000 quarters and for the Continent at 2,130.000 quarters. The Atlantic shipments aTe 1,190,000 quarters, including 249,000 quarters from the Argentine and Uruguay.

THE FROZEN MEAT MARKET. NAPIER, March 24. I The CO. and D. Company to-day cabled the following report of the frozen meat trade:—" Market still hardening and values have advanced. To-day's prices: —Mutton — Canterbury, 4£d; Napier, Wellington, and j

I North Island. 4|d; lamb—first quality, s|d; • second, s|d; beef—hinds, 4|d; fores, 3|d." j- The New Zealand Loan and Mercantile I Agency Company has received the following advice by cable from London:—"Wa quote present spot values for the {chewing descriptions of tallow: Fine mutton, 35s 9d; good beef, 35s mixed, 3te per cwt. Market firm." DTJNEDIN MARKETS. WHOLESALE PRODUCE REPORTS. ! Mr J. Fleming, Prinzes street south, reports under date the 29th inst.: — Wheat per brisbei. 1 pe.-<oi Best milling 4/2-4/3 j Oatmeal, in Medium do ... 4/1 Oaten chaff 55/s—'! 6 Fowls' ... 3/5—3/7 I Ryegrass hsy 52/(5—60,. Milling oats :.. 1/10 j Straw ... 2?/ti to :*s/ I Feed oats... J/B—l/9 Pearl barley .. 310 ■ Malt barley ... 3/0 cw I Feed barley 2/o—2/3 Onions, good 5/0-5/' ; Cane barley ... 3/6 ?«r lb Maize 4-'*» Boiled bacon 7id—B> per ton. Side bacon ... Bj> tflour, in 200's ...215.0 Smoked hams ... S) Flour, in 50's ... 2*o/0 Cheese ... tid— f,i \ Pollard 89/0 Good salt butter, 9i . I Bran ... "... 65/0 ICd. according t quality -New potatoes, £3 15s to £i per ton. Market, bare of good hay. F.4.RM A.Ni> IJAIRY PRODUCE. Messrs Irvme and Stevenson, George street ' report paym« for produce during the week 1 ending 'the 29th inet. as follows: — F-acon UolU, 7§a per in I Fti»u oulter, 8d to R&ta, Sd par it ! i>tf per In tress -sgs. Is 2d &ct I Salt butter : not buying Fresh butter, sood ordinary (in lib and Jib prints). Sd to lOd per lb. Pigs, 130!b to I60:b, 3id. Honey, 3|d. Fowls, 3s to 3s 6d 1 (boiling)". Also buying rabbits. HIDE SALES. MELBOURNE, March 23. At the hide sales light and medium ' weigths were 3d to -id lower, but other sorts were unchanged. LAND SALE AT PALMERSTON. The Otago Farmers' Co-operative Association of New Zealand report having gold by auction at' their saleyards, Palmerston, on Thursday, 24th inst.., by order of the trustee in the estate of the late J. K. Robertson, t*he farm of 185 acres at present occupied by Mr Kitchen, and within a mile of Palmerston. There was a large gathering of farmers, and capital competition. Bidding commenced at £3 10s, and, after brisk competition, the property fell to the bid of Mr J. Kennsy at £ll 7s 6d per acre. STOCK SALE AT PALMERSTON. The Otago Farmers' Co-operative Association of New Zealand report: —We held our monthly sale of sheep and cattle in our yards. Palmerston,.on Thursday. There was a full muster of farmers from the surrounding district, and buyers _ from Hampden, Oamaru,' Dunedin, Peninsula, and Clutha. Competition for all classes of stock was fairly good, and there was a complete-clearance under the hammer of every lot offered. We yarded 600 sheep and lambs and 30 head of cattle. CLEARING SALE AT LINNBURN STATION. Messrs Stronaeh, Morris, and Co. report having held (in conjunction with Messrs Dalgety and Co.) a sale of surplus stock on account of Mr R. M. Turnbull, Linnburn Station, Central Otago. The day proved rather disagreeable, but in spite of this there was a I»ecord attendance of farmers in the district and others from all parts of ihe South Island. Mr Turnbull had his sheep in tip-top order, but as the yard accommodation was limited for such a large number they were sold by sample. A most satisfactory sale took place. The following are a few of the prices obtained: 700 four-tooth halfbred ewes, 17s sd; 385 four-tooth halfbred ewes, 16s lOd; 1159 sixtooth halored ewes, 15s 7d; 415 two-tooth halfbred ewes, 14s; 1147 two-tooth halfbred wethers, from 9s tc 9s 3d; 1008 six tooth halfbred wethers, 10s 3d to 10s 6d; 732 four-tooth halfbred wethers, 10s 2d; 2200 five and six-year-old merino ewes, 9s 2d to 9s 8d; 1300 fonir-year-old merino ewes, 12s 2d to 12s 6d; 200 seven-year-old merino ewes, 6s 6d; 200 cull, 3s to 5s lOd; 1500 full-mouth merino wethers, 5s 9d; culls, 2s 3d; fat wethers, to 16s 9d; 2000 halfbred lambs (mixed sexes), 8s to 8s 4d; 300 culls, 4s Id; two-tooth halfbred rams, l£gs to 2gs; merino rams, one to two shear, lg tc 2£gs; aged merino rams, £g. CLEARING SALE~AT MATAKANUI STATION. Messrs Stronach, Morris, and Co. report having held (in conjunction with Mesers ! Dalgety and Co.), on Monday last, the 21« t inst., a sale of stock, implements, and effects, on account of Messrs Laidlaw and Crawford, Matakanui Station. The sale was at the homestead, Matakanui, and ex- , cited unusual interest in the district. It

was anticipated that owing to the wellknown quality of the stock that Mr Laidlaw was known to possess competition would be good, but the result far exceeded the most sanguine expectations of the auctioneers. Mr Laidlaw left nothing to chance, and contributed considerably to the result by bringing out and showing his stock, etc., to the best advantage, the implements being well set out, the horses well groomed and attended to, and the sheep properly drafted and penned. The sale was * attended by farmers and others from North Canterbury, Albury, Timaru, Oa.maru, Dunedin, and Gore. The following will be sufficient to show the range of prices:—1372 two-tooth halfbred cwes r 14s 2d ; 1191 twotooth half bred wethers, 9s 6d; 333 sixtooth halfbred ewes, 163 6d; 124 four-tooth halfbred ewes. 14s 6d ; 128 eight-tooth halfbred ewes, 13s lOd; 98 full-mouth halfbred ewes, 14s 2d; 535 six and eight-tooth halfbred wethers, to 12s 9d; 1614 full-mouth merino ewes, 10s 7d; 331 six-tooth merino ewes, 13s 9d; 381 four-tooth merino ewes, 5s 3d; 815 eight-tooth merino ewes, 15s: .58 broken-mouth ■merino ewes, 3s 9d ; 790 railing mouth merino ewes, 6s lOd; 626 six-tooth merino wethers, 6s lOd; 591 fuUmouth merino wethers, 7s 9d ; 734 to 7s 7d; 396 four-tooth merino wethers, 7s sd; 233 two-tooth merino wethers, 6s 7d; 230 twotooth merino-' ewes, 13s; 460 full-mouth merino wethers, 5s 3d; 400.meri.no. lambs, 7s 6d; 3352 halfbred lambs, mixed sexes, from 9s to 9s 6d; 64 two-tooth R.L. ewes, Lss 9d; 100 R.L. ewe hoggets, 12s 9d; 93 B.L. ram hoggets, 10s; Rbmtiey rams, to 3£gs; Lincoln rams... lg; 38 halfbred rams', l|fps; 145 B.L. rams, £g; 50 merino rams, ~g.. Horses: One draught mare at £34 10s, >ne at £27, one at £26, one at ,£23, two at £2O each, one at £l9, one at £IP, one tfc £l6, one at £l4, one at £lO, two at £7 each. " Implements: Waggon, £32: farm Irays, £9 and £8 10s; tip dray, £7 10s;' ipring-carfc, £4; station waggonette, £2O; gig, £10; long-shafter, ,£5 ss; Farmers' favourite drill, £ls; hayrake, £4; stripper, £10; double-furrow plough, _£7 10s ; iouble-furrbw plough, £8 10s; .digger slough, £10; chain harrows, £5 ss; set ix-leaf harrows, £3 15s; one set four-leaf laxrOws, £3 10s; ridgcr, £8; Cambridge roller, £10; disc Harrow, £lO 10s; seuffier, 32 10s. Furniture and a very large quan■ity of sundries were sold at equally satisfactory prices.. : KAWARAU DISPERSAL SALE. The National Mortgage and Agency Company of New Zealand reports having held i successful sale at Kawarau Station for the New Zealand and Australian Land Company on Wednesday last, the 23rd inst., when it offered and sold the balance of the jompany's Kawarau flock. The weather vyas perfect, and there was a large attendnee of buyers, who competed spiritedly for jvery lot, a complete clearance being made at very satisfactory prices. The following is the result of the sale: —2759 four-tooth merino ewes, 15s; 1000 merino awes, 15s 9d; 1300 merino "ewes, 15s_ 2d; .1760 eight-tooth merino ewes, 12s; 6273 full-mouth merino ewes, lis 6d; 1981 fullmouth merino ewes, 9s sd; 1103 full and broken mouth, ss; 2366 halfbred ewe lambs, lis; Id; 1943 halfbred wether lambs, 6s 8d to 6s 9d 1589 merino ewe lambs, 8s Id; 1473 merino wether lambe, 5s 3d; 67u merino lambs, mixed sexes. 6s; 141 cull lambs, 4s 3d; 183 halfbred lambs, 7s; 260 two-<tooth meririp ewee, 13s- Id; 150 halfbveds, 12s Id; 384 long-tailed lambs, 4s Id; 53 long-tailed lambs, 6s 9d; 56 ewe lambs, 13s; 142 stud ewes, 16s; merino stud rams, 2|gs; 32 two-tooth rams, lg; 92 two-tooth rams, lg; 16 two-tooth rams, £g. CLINTON SALE. The National Mortgage and Agency Company of New _ Zealand reports having held its annual ewe and lamb sale at Clinton on Thursday last, the 24th inst., when it offered a very large yarding of "sheep. There was a large attendance of the public, but bidding ywwt rather slack. However, tne following lobs were disposed of under the hammer:—For Mr James Begg (Cain), 1240 full-mouth ewes, lis; Mr A. E. Dixon (Waipahi), 160 two-tooth wethers 8s lOd, 138 lambs 8s; Messrs Beswick and Henderson (Crested Hills), 860 full-moutn ewes] 7s 9d; Mr T. L. Johnston (Waipahi), 300 four-tooth wethers 12s 6d, 607 two-tooth wethers 10s, 87 two-tooth ewee 12s, 180 fullmouth owes 6s 2d: Mr R. Orr (Clinton), 218 lambs 8s <-2d. 82 ewes 7s 3d; Mr S. Haeran (Wairuna), 81 wethers lis 9d, 40 lambs 9s Id. 125 ewee lis; Mr Whiteside (Waipahi), 90 ewes 6s Bd, 137 lambs 9s 6d. 66 cull ewes 3s 4d: Mr James Begs- (Willowburh), 100 wethers lis. 126 two-tooths 7a 7d. 104 ewes 3s sd: Mr J. Gillespie fPurekireki), 94 lambs 8s 4d. 40 ewee 7s Id: Messrs Rutherford and Sinclair 'KuriwaoV 116 four-tooth wethers 14s: Mr J. U. Wallace (Clinton), 50 lambs 10s sd, 19 wethers 14s, 38 halfbred .lambs 8s 3d; Mr D. Williamson (Clinton), 250 wethers 13s 3d; Mr F. Banks (Mount Tolmie), 300 twotooth wethers 10s. 650 ewes 7s, 154 cull ewes 3s sd: Mr J. Johnston (Anise Hill). 360 lambs 9s. 51 do 5,s 9d. 30 wethers 10s 2d. 52 ewes 6s lOd. 50 cull «wes 5s 4d: Mr H. Steel ('Wairuna' "Rush*. 103 cull ewes 4s 2d to Ss lOd • Mr E. S Jeffs (OtariaK 403 lambs 7s 9d: Mr J. R. Roy, 196 cull ewes 3s 9d: Mr E. Fovea (Waipahi). 130 cull ewes 3s 9d: Mr P. Babbitt rWairuna). 100 cull ewes 3s 7d; Mr C. Divers, 188 lambs to 12s 6d.