COMMERCIAL CABLEGRAMS.

Otago Witness, Issue 2928, 27 April 1910, Page 20

COMMERCIAL CABLEGRAMS.

LONDON, April 20. # The American visible supply of wheat is 55,460,000 bushels. At the tallow sales 1103 casks were offered and 954 sold. Inferior advanced' April 21. At the sheeoskin. sales 2000 bales of Australian and New Zealand were offered. Merinos and fine crossbreds showed an advance of id to §d, - but medium and low crossbreds were occasionally in. buyers favour. April 22. The Bank of England returns show the stock of gold coin and bullion to be £34,685,000; reserve, £25,642,000; proportion of reserve to liabilities, 50.68. The notes in circulation total £28,545,000; public deposits, £9,303,000; other deposits, £41,261,000; Government securities, £14,819,000; other securities, £27,832,000. The bank rate of discount is 4 per. cent. Short loans are discounted at per cent., and three months’ bills as follows : London, 3| per cent.; Paris, 2| per cent.; Berlin, 3i per cent. Consols are quoted at £Bl. The following are the quotations for colonial Government stocks, compared , with those ruling a week previous :

The wheat markets are fiat, and are tending towards a lower level. Sellers are anxious to effect sales. Owing to beneficial rains in the United States, winter wheat belt, and to the exceptionally favourable seeding conditions there and in Canada, also to the large world's shipments, the holders of cargoes are reducing their prices. The sum of 38s is asked for Australian steamer, February shipment, 38s 6d for sailing ships, February-March shipment, and 38s- 4gd for April-May shipment. There is small inquiry for Australian spot, which n quoted at about 41s. A parcel of 30,000 quarters of Victorian wheat, per steamer, March shipment, has been sold at about 38s. New Zealand longberry, afloat, is vainly offered at 35s 6d, c.i.f. The flour market is dull. Australian patents, April-May shipment, are held for 27s 6d, and sold for 29s 6d. The oats market is dull. Gartons, spot, 18s 6d to 21s 6d; sparrowbills, 18s 9d to 20s 3d; La Plata, May-June shipment, 14s 3d. The butter market is weak, and is declining daily, the fine, warm weather causing an anticipation of large supplies shortly. Danish, 118 s to 120 s; Australian choicest, 110 s to 112 s; New Zealand, 112 s to 114 s. Sugar.—German, 14s 3d; first marks. 16s 7d. The Bradford wool market is cheerful, but prices are unchanged. mi i , . April 23. n ,The hemp market is dull. Fair grade, £l4 10s to £23 15s. K ' ■ The copra market is dull. South Sea (m bags), £27 ss. Cotton, 7.5? d. Copper: Spot, £56 13s 9d ; three, months: i/07 13s 9d. Tin: Spot, £152 10s; three months, £152. Lead, £l2 12s 6d. - - Silver is quoted at 24|d per oz. THE HIGH COMMISSIONER'S CABLEGRAM. WELLINGTON, April 24. The High Commissioner cabled! from London on April 23 : Mutton.—Market weak; sale .dull for all qualities; supplies are increasing. Average prices: Canterbury, 4d per lb; North Island, 3fd. Lamb.—Market weak and inactive; sup-

ply exceeds demand; holders are anxious to sell. Average prices : Canterbury, s£d; other New Zealand, 4|d. Beef,—No alteration in the markets since last week. Butter.—Market . temporarily depressed. Some holders are forcing sales, but the market has been bare of New Zealand supplies. Buyers are cautious, as the season is so far advanced. Average prices: New Zealand choicest, 114 s per owt; Danish, 120 s; Siberian, 114 s; Australian and Argentine, 110 s. Cheese.—Market quiet; email business doing. Average prices: New Zealand finest white, &ls per cwt; coloured, 59e 6d. Hemp.—Market not quite so firm. Spot prices: New Zealand good fair, £24 10s [per ton; fair, £25 10s; Manila, fair current, £23. Forward shipments: Good fair, £24 10s; fair, £23 IDs; Manila, £23 10s. The output of Manila for the week was 24,000 bales. Wheat.—Market quiet, and prices slightly ■weaker. There is no New Zealand on band. Oats.—Market quiet, with a tendency in favour of buyers. There is less demand. New Zealand sparrowbills, on spot, ex granary, 19s per quarter of 3841 b; New Zealand Danish, 17s per quarter of 3201 b. Peas.—Market steadier. New Zealand partridge, .56s per 5041 b. Beans.—Market firm, owing to reduced supplies. New Zealand f.a.q., old crop, 39s 6d per 5041 b.

DUNEDIN MARKETS. WHOLESALE PRODUCE REPORTS. Mr J. Fleming. Princes street south, reports ■under date the 26th inst.: —

Wheat per bushel. Best milling 3/B—3/10 Medium do ... 3/8 Fowls’ ... 3/5—3/7 Milling oats 2/10 —l/114 Feed oats... J/B—l/0 Malt barley ... 3/0 Feed barley 2/o—2/3 Cape barley ... 3/6 Maize ... ■... 4/6 per top. Flour, in 200’s ... 215,6 Flour, in 50’s ... 2-10/0 Pollard 85/0 Bran 65/0

per ton Oatmeal, in 25’s 230/0 Oaten chaff 72/6—77/6 Ryegrass hi.y 52/6—60/0 Straw ...27/6 to ?5/0 Pearl barley . .. 310/6 cwt Onions, good 5/o—s/6 Tier lb. Rolled bacon 7Jd— 8d Side bacon ... Bid Smoked hams ... 9a Cheese ... . 6d — Good salt butter 9d io lOd. according to quality

Potatoes, £3 17s 6d to £i 5s per ton. EARM AND DAIRY PRODUCE. Messrs Irvine and Stevenson, George street, report paying for produce during the week ending the 26th inst. as follows; Bacon (roll), 7Jd per lb I Fresh butter, 8d to Ham, 8d per lb 9dperlo Fresh eggs. Is lOd dez | Salt butter : not buying Fresh butter, good ordinary (in 11b and Jib prints), 8d to lOd per lb. Pigs, 1301 bto 1601 b, 3|d. Honey, 3Jd. Fowls, 3s to, 3s 6d (boiling). Also buying rabbits. THE FROZEN MEAT MARKET. LONDON, April 24. Frozen Meat.—i Sheep: Canterbury, light 4d, medium 4d, heavy sgd; North Island, 3|d, best brands 3|d. Lambs: Canterbury, sgd; North Island, 4 13T6d; selected, 4 15-16 d. Beef: Hinds, 4 l-16d. Australian sheep, 3Jd; lambs, best 4|d, fair quality 4Jd. Plate sheep, heavy 3|d, light 3|d; beef, hinds 4d. NAPIER, April 21. The Colonial Consignment and Distributing Company has cabled the following report:—“Frozen meat market weaker, owing to heavy stocks afloat and arriving. Quotations: Mutton—Canterbury 4gd per lb, Napier, Wellington, and other North Island 3Jd; lamb, first quality s£d, second sd; beef, hinds 4d, fores S^d.” CHRISTCHURCH MARKETS. CHRISTCHURCH, April 22. The grain market is dull, except for any really good lines of wheat and oats, principally for seed purposes. Millers who are ready to purchase suitable lines are offering only low prices, and consequently there is practically no business doing. Seed Cartons and. Algerian cats are inquired for, and prices for these are firmer. The dry season that has been experienced in North Otago and Southland has resulted in the potato crops being of much better quality and freer from blight than has been the case since this scourge first became manifest. From these two parts considerable shipments are being made to Auckland, some 3900 sacks having gone last week. Locally some crops are turning out up to 10 tons per acre,- but, on the, other hand, many yields are very disappointing. SHEEPSKIN SALES. LONDON, April 22. Th© sheepskin sales have concluded; 2335 bundles of Australian were offered. All combings advanced Id, except low crossbreds, which declined id. Crossbred clothings are unchanged, and merino clothings declined id. The New Zealand Loan and Mercantile Agency Co. (Ltd.) is in receipt of the following cablegram from its London office: “Sheepskins Combing merino, short and shorn, and fine crossbred sheepskins and crossbred lambskins have advanced idCoarse crossbred sheepskins have declined id. Wheat: Market continues drooping. Shipments continue to be in excess of requirements. South Australian, March sailing, nominal p-ice 38s 6d. Gate: Market has declined 3d. Large supplies and offers.” OAMARU MARKETS. (From Our Own Correspondent.) OAMARU, April 25. The wheat market firmed by id to Id per bushel during the week owing to a keen demand for velvet for shipping and for the filling of Southland orders; consequently the local market was much quieter on Saturday. Not a great deal of business was doro in Tuscan and red chaff, merchants being inclined to hold off in view of the large • amount of these varieties ffj-own in the south. The sales chronicled were on a basis of 3s 9d to os less commission, for Tuscan3s 8d to 3s 9d for red chaff, less commission at siding, and ■*_ iod net delivered. Velvet has moved more freely. For prime 3s lOd net, cash, on trucks sacks extra, at country stations, v-Ln o-iven, other sales recorded being sfgW neC on trucks, for 360 sacks 3s 9d net. on trucks, for 200 sacks; several small tots 3s 9Ad net, on trucks, and 3s lOd, less commission, on trucks. As giving an mof how some farmers viewed the iIW ho .l.tf th.t 3 b low, 1«B commission, was refused for velvet Gate still continue to come forward (uva-fitt&ly* &nd although _ sales were effected at up to is lid eh trucks at sidings, some ffietohaftfcs She holding off, feeling that the

price ia too high, and they will only buy for operating on a. retail basis. Potatoes. —Advices from the north are that prices have eased. Southern potatoes ha,ve also dropped' by 5s to 10s per ton, and, with the northern markets fully supplied, there is not the same keen derband for shipping. Values have, however, been maintained on last week’s basis, the better quality of the North Otago grown tubers serving in this direction. Sales wens made at £5 7s 6d to £3 10s, and £3 12s 6d net cash to farmers. / . Samples of cocksfoot were on offer during the week. For good lines 3d, and 4d per lb was given. A few lines of chaff were on oner, ana sales were made at £2 15s on trucks, sacecs extra, at country stations. GRAIN AND PRODUCE SALES. Messrs Donald Reid and Co. report: —Wo held our weekly auction sale of grain and produce at our stores on Monday. Cur catalogue was a full one, and was cleared under good competition at satisfactory prices. - Values ruled as under : Oats.—Only limited quantities are coming forward, and for all good to prim© lines of Cartons and Sparrowbills there is ready sale at prices a shade in advance of late values. Medium and inferior lots are not so strongly competed for. We quote: Prime milling, Is lid to 2s; good to best feed, Is 9£d to Is 10jd; inferior to medium. Is 7d to Is 9d' per bushel, sacks extra. Wheat.—Towards. the close of the week the demand for milling wheat slackened slightly, probably in consequence of reports from London and other markets. The quantity offering here is now much reduced, and although temporary checks may occur, values are not likely to suffer to any extent. Although millers are not disposed to operate so freely, values are practically unchanged. Wo quote: Prime milling, 3s lOd to 3s lid; velvet to 4s; medium to good, 3s 8d to 3s 9d; best whole fowl wheat, 3s 4d to 3s 6d; medium do, 33 to 3s 3d; broken and damaged, 2s 3d to 2s 9d per bushel, sacks extra. Potatoes.—The market is moderately supplied, and prices have a weakening tendency. Shippers, however, are still taking all suitable lots at a slightly reduced price. Medium and inferior samples have little attention. We quote: Prime Up-to-Dates. £4 to £4 2s 6d; medium to good, £3 12s 6d to £3 17s 6d; inferior, £2 10s to £3 per ton. bags included. Chaff.—Prices for prime quality show no change, although heavier supplies have come to hand. Medium and discoloured lots, however, are more plentiful, and are difficult to quit. Straw chaff is scarce, and has ready sale . for winter feeding. We quote; Prime oaten sheaf, £3 10s to £3 15s; choice to £3 17s 6d; medium and discoloured, £3 2s 6d to £5 7s 6d; inferior and straw chaff, £2 5s to £2 10s per ton, sacks Straw. —We quote: Wheaton, 25s to 27s 6d; oaten, 30s to 32s 6d iper ton (pressed). Messrs Dalgety and Co. (Ltd.) report as follows:—We held our usual weekly auction sale of grain and produce at our stores on Monday, when we offered a large catalogue to a good attendance of buyers. Competition was keen, and we cleared our catalogue at the following range of prices: Oats. —The market during this last week has shown a firming tendency, particularly for A Cartons suitable for seed, _ considerable quantities of this class going north for that purpose. Other lines participate in the firmness, though not to the same extent. Farmers are not ready sellers, and what lines are offering at market rates are taken for North Island shipment. There is no oversea demand, and the market depends at present upon local conditions. Prime milling, Is lid to 2s; good to best feed, Is 9d to Is 10gd; inferior to medium, Is 7d to Is B£d. Wheat. —Prices hold about the same as last week’s Quotations, but buyers are not keen to operate in the face of weaker markets at Home and in Australia, consequently the market has an easier tendency. Choice velvet, however, .meets with ready sale at quotations, and demand is not keen. Prime milling, 3s lOd to 3s lid; extra choice velvet up to 4s; beet whole fowl wheat, 3s to 3s 6d; broken and damaged, 2s to 2s 9d nsr bushel, sacks extra. Potatoes.—Choice thoroughly sound lines are readily taken at top quotations for shipment. Inferior and blighted lines are hard to place. Prime Up-to-dates, £4 to £4 ss; medium to good, £3 5s to £3 15s; inferior, £2 to £2 ss. sacks extra. Chaff.—Heavy consignments have come to hand this last day or two, and prices are a shade easier. Prime oaten sheaf, £3 12s 6d to £3 15s; choice to £3 17s 6d; medium to good, £3 5s to £3 10s; inferior, £2 to £2 15s; bags extra. Straw.—Oaten, 27s 6d to 30s; wheaten, 255; pressed, ex truck.

HIDE SALES. MELBOURNE, April 21. At. tie hide 6ales to-day all classes were very firrri ait last week's rates. The supplies were moderate. ," ;

CLEARING SALES. The Otago Farmers' Co-operative Association of New Zealand reports having held a successful sale of sheep, ottle, implements, and horses on account of Mr R. Millar, at his homestead near Wedderburn, on Thursday, 21st inst. There was a capital attendance of farmers from all parts of Maniototo and Ida Valley, and bidding from start to finish of the sale was very spirited. The sheep, cattle, horses, and plant realised very satisfactory prices. The Otago Farmers' Co-operative Association of New Zealand and the National Mortgage and Agency Company report having held a successful sale of the unexpired term of Mr Souness's leasehold and an excellent sale of stock, implements, etc. Mr Souness was a very old and respected settler at Otokia, and the attendance from all parts of Otago was large. The goodwill of No. 1 block was purchased by Messrs Sprott Bros., of Cavensham, for £350. No. ° '- , ~*'- "«11 to Mr William Bryant, of J .. for £llO, and No. _ 3 block was secured by Mr A. S. Gillespie, of Momona, for £l3O. The horses realised excellent prices. A five-year-old draught mare by a Herd Laddie colt brought £52, and the other horses prices in proportion. The bullocks were sold in drafts, and brought £8 18s 6d, £B, £6 12s, and £5 14e respectively. Dairv cows sold up to £7 17s 6d, and sheep realised the following prices: Wethera at 14s. fat lambs at 12e 9d, store lambs at 10s 9d. The rest of the live stock and implements brought full market rates.

CLINTON STOCK SALE

The New Zealand Loan and Mercantile Agency Company reports having held its fortnightly sale at Clinton. It yarded 7700 sheep, and with the exception of 400 disposed of them at very satisfactory prices. The following are some of the principal sales:—On account Todd Bros, and Co. (Heriot), 3000 forward and fat wethers at from 12s 10d to 15s, 1000 two and four-tooth wethers to 13s lOd, 1500 halfbred wethers at 10s 6d, 350 two-tooth ewes to 13s &d; on account Mr P. M. Acton Adams (Clydevale], 1200 full-mouth ewes at 9s; on account Mr Samuel Eogerson (Otaraia), 200 f.m. ewes at 10s 6d; on account Mr J. B. M'Arthur (Tauihata), 200 lambs at lOs 4d ; on account )Mr Geo. Macullam, fat wethers at 16s; on ‘ account Mr C. B. Rowe, 100 two-tooth ewes at 12s 9d; on account of several others ewes' from 4s 'to 8s 6d. It also sold, on account of Messrs David Murray, Thos. Hdtohon, Wm. Miller, and others, 70 Romney rams at from to sgs. j HORSE SALE AT GORE, j The National Mortgage and Agency Company report as loiiows; —Seldom ii ever has a liner lot of draugnts been ottered in on© nay in this centre, and animated bidding was kept up right throughout the sale. Buyers were present from all parts of Otago and Southland, and everyone seemed to be hungering for horses. Out of our total yarding of 91 horses w© sold 79, and those that were not turned over were mostly backs or aged draughts. The vendors were most of tne prominent breeders through: out our district, and the appearance of the whole of the horses was- a great credit not only to the breeders themselves but to the district also. At times during the sale when any horse of special merit cam© up the bidding was of the keenest nature. A large number of the horses sold . went to Oamaru, Dunedin, Clarksville, Clinton, Invercargill, Waikaia, Wyndham, and Kelso, while the others went to all th© outlying districts of this centre. The top price was received for a five-year-old Clydesdale mare, th© property of Mr Wiljiam Mortimer, of Riversdale, this animal going to Mr J. O’Brien, of Oamaru, at £54. Two beautiful three-year-old fillies, bred and owned by Messrs Fortune Bros., of Otama, went to Mr William Allison, of Clarks-, ville, at £SO and £44 respectively. Anotherfine five-year-old mare, owned by Mr Robt. Glover, was sold at £44, the purchaser being Mr Alexander Anderson. The same buyer also secured a handsome four-year-old mare, the property of Mr Hugh Smith, at £39. For Mr James White, of Otama, we sold a stylish four-year-old mar© at £36, the purchasers being Messrs P. and J. Murdoch. For Mr James -Stanton we sold on© eight-year-old mare at £35 10s, to Mr A. Allison, also a three-year-old filly at £27 to Mr C. Clark. A team of four geldings, sold on account of Mr H. Driscoll, brought from £24 to £33 10s; Mr J. P. MThtyre’s four-year-old filly brought £33; and for Mr William Rankin we sold a five-year-old mare at £54 10s to Mr J. Nicol, of Balfour. A splendid seven-year-old gelding, th© property of Mr G. W. Wade, brought £36. Mr John Black, of Kelso, secured a good sort, the property of Mr D. Gillespie, at £36, and two good sorts, bred by Mr P. Monaghan, brought £32 10s . and £26. For Messrs A. Copland, Dodds Bros., H. Gardyne, R. Young and Sons, William Spence, G. Dickson, D. and J, Robertson, D. M‘Kinnon, W. M'Cutcheon, P. Sutherland, H. Allen, J. Cdokburn, J. Christopherson, R. Seav, W. Conn, Robert Byars, J. Morris, S. M'Cully, William Young, William Muir, George Downie, T. Shields, William Stevens, Alexander Dickie, Burke Bros., D. R. Hunter, William Baird, John Milne, jun., Mrs Braird, and "various other vendors we sold three-year-old colts and fillies at from £lB 10s to £3O 10s; four-year-old mares at from £23 to £36; four and five-year-old geldings at from £22 10s to £34 10s; six and eight-year-old mares and geldings at from £7 to £25. A few hacks and harness horses changed hands at from £4 10s to £2l. DUNEDIN HORSE SALEYARDS. Messrs Wright, Stephenson, and Co. report as follows: —The entry for last Saturday’s eal© was a very good one, and included several high class mares, fillies, and geldings, while spring-carters and hacks were a rather poor lot. The attendance of the public was very good, and included the usual muster of town carters and contractors, as well as a large number of farmer®, who competed keenly for wellbred mares and fillies. Several of the horses were above the average quality. One five-year-old gelding of good size and quality changed hands nt £47 10s, a bay mare six yeavs old realised £45, a three-year-old filly £3c. and quite a number of ordinary farm sorts were sold at prices ranging up to £54 10s. Whilst a good many springcarters went to new owners, w© have no prices which can be considered high. LightI harness horse® were also a poor_ lot, our highest price in this claias being £ls. Draught mares and geldings, young, sound, and staunch, showing a dash of quality, are very scarce in this centre at present—in fact, the supply falls far short of the demand. We quote: Superior ybung draught geldings at from £4O to £45; extra good ditto (prize-winners), at from £45 to £SO; superior young draught mares at from £SO to £6O ; medium draught mares and geldings, at from £3O to £4O; aged, at from £lO to £ls ; strong springvan horses at from £25 to £3O; strong spring-carters at from £lB to £25; milkcart and butchers’.order-cart horses at from £ls to £25; light hacks at from £8 to £l3; extra good hacks and harness horses at from £l3 to £25; weedy and aged at from £5 to £7. OTAGO FARMERS’ HORSE BAZAAR. The Otago Farmers’ Co-operative Association of New Zealand reports;—We held our usual weekly horse sale at our bazaar on Saturday. We had an entry of 40 horses, principally draughs and harness horses, with a few spring-carters. Included in the entry were a number of good useful farm draughts, which sold exceptionally well. Heavy draught geldings were inquired for, but were rather scarce. We sold all the good spring-carters in our ontry, and could have sold more of the same stamp. Good upstanding harness horses and hackneys were in demand, but aged horses were hard to _ quit. W© obtained some good prices for draught mares and geldings. We quote: Good young draught. mares at from £33 to £43, extra good Clydesdale mares, suitable for stud purposes, £45 to 70 guineas; stiperioi* ydiiiig draught geldings, fit for shaft and loTry work, £35 to £42 ; extra

to £55; ordinary draught mares and geldings at from £25 to £32; aged draughts at from £lO to £ls ; good strong, upstanding vanners, at from £2l to £3O; heavy spring-carters at from £2O to £25; ordinary spring-carters at from £ls to £18; upstanding buggy mares and geldings from £l6 to £22; hackney and cob ponies, from £8 to £l4. LAND SALES. Messrs Tcdd Bros, and Co. report havingsold the following land on account of Mr J. F. Herbert, of Ardmore, Kelso:—Sections 3 and 24 and part 2, block VIII, Crookston Survey District. containing about 600 acres, and being the upper part of the land known aa Dunrobin paddock, to Mr William Brownlie, of Heriot; section 9, block V, section 12, block IX, and section 17, block IV, Greenvale Survey District, and known as Porter’s paddock, containing 652 acres, to Mr John Fletcher Herbert, of The Pines, Kelso. Both properties were sold at very satisfactory prices. _

Apl. 15 Apl. 22. New South Wales 4's ... ... 107 107 New South Wales 34's ... 984 984 New South Wales 3's ... ... 88 88 Victorian 4's ... 1034 1034 Victorian 34'a • ... 99 w Victorian 3's ... ... 864 to£ Queensland 4's ....... ... 1044 1044 Queensland 34's ... 97 97 Queensland 3's ... . . 87 87 South Australian 34's , ... 984 98* South Australian 3's ... 844 844 New Zealand 4's ... ... ... 1064 IO64 New Zealand 34's ... 97f 97* New Zealand 3's ... ... ... m 874 Tasmanian 34'© ... 984 ■ 99 Tasmanian 3's ... 87 8^ West Australian 34's ... 974 971 West Australian 3's ... 874 87|