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Otago Witness, Issue 3513, 12 July 1921, Page 12

Millers’ prices are as follow: Klour. £2l 10s per ton; 100's, £23; 50's, £23 10s; 25’s, £2l. Bran, £7 per ton. Pollard, £lO. Pearl barley, £22 Oatmeal, 200’s, £2O; other quantities, £2l. North Island merchants are showing more interest in oats, and there are several inquiries for July shipment, but so far no transactions are reported, as buyers are not prepared to pay the prices being asked — namely, 3s 7d, f.0.b.5.i., for A Gartons, and 3s 6d for B grade. Merchants here are not keen sellers, as they a-re unable to buy from growers at equivalent to the above prices, which are 2s 6d) to 2s Bd, sacks extra, on trucks. At present there are no Home shippers operating, owing to the weakening in the London market to the extent of 6d per bushel, and local millers are also off tho market, as they hold sufficient stocks for their immediate requirements. PRODUCE REPORT. During the week very light consignments of chaff have been arriving, and up to £5 7s 6d per ton, sacks extra, ex truck, has been obtained for prime quality. Good feed ia also selling at slightly improved prices—namely, £4 15s to £5 2s 6d per ton, sacks extra. Consignments of potatoes have been difficult to sell during th© week, and the market is slightly easier. Best quality is to-day woTth £1 5s to £4 10s. per ton, sacks included, while medium quality are almost unsaleable. Stocks in store are fairly heavy, and are sufficient to meet the demand for the next two months. There is a good demand for oaten sfraw at. £3 10s. delivered Dunedin, but wheaten is slow of sale at £2 15s, ex truck. The egg market is unchanged. Melbourne onions are firm in price. Current, wholesale prices are as follow: Chaff: Prime, to £5 7s 0:1; good feed, £4 15e to £•"> 2s 6d; medium and light, £4 to £4 6s. Potatoes: Prime quality, £4 6s to £4 10s; extra quality, to £4 15s. Egge : Stamped, 2s, case lots, Is lid; preserved, Is Gd. Dairy' butte: : Pals, is lid » milled, Is lid. Onions: Canterbury, £6 per ton; Melbourne, £9 per ton. Margarine, lid per lb. Bacon: Rolls, is id per lb; sides. Is 24d. Hams, Is 4d. FRUIT REPOFT. Fair quantities of apples a.re arriving from Central Otago and Canterbury. The demand is on the quiet side. Lemons meet an average inquiry. A small shipment of Boorman oranges arrived from the north. These were in excellent order, and met a ready sale at 22s Cd per case. A line of American oranges is

celling at 38s 6d per case. A case holds from 175 io 250. High prices rule for cauliflowers. Other vegetables meet a moderate inquiry only. Current wholesale prices are as follow: Apples: Dessert Jonathans, 9s to 10s; Scarlet Pearmain, 8s 6d to 0s 6d; Stunner, 10s to lls>; Delicious, 14s to 16s; Cleopatra, 10s to 12s 6d; cookers, 7s to 8s 6d for choice; medium, 5s to 6s; small, 3s to 4s. Lemons: California, 40s to 42s Gd; Adelaide, 15s to 16s; Sydney, 10s 6d. Pears: Extra choice, to 4d per lb; others, 21 d to 3£d. Pines, 22s to 25s per case. Passion fruit, 17s 6d to 20s. Oranges: American, 38s to 40s; navels, 21s to 245; Sevilles, 12s Gd to 16s; mandarins, 20s to 22s 6d for best. Potatoes: Sacks, 5s to 6s per cwt. Table carrots, Is per dozen bunches; 5s 6d to 6s per cwt. Parsnips, Is per dozen bunches; sacks, 5s to 7s. licet. Is per dozen bunches. Cabbages: Best, to 3s Gd per dozen; medium, Is 6d to 2s per sack; prime, 3s to 4s; inferior, 6d to Is per sack. Cauliflowers: Choice, 0s to 14s per dozen; extra choice, to 17s per dozen; medium, 4s to 6s per dozen; small, 2s to 3S Gd per dozen; sacks, to 15s. Lettuce, Is 6d to 2s Gd per case. Spring onions, 3d per bundle. Celery, Gd to 8d per bundle; choice, lOd to Is. Spinach, le per dozen bundles. Leeks, 2d to 4d per bundle. MERCHANDISE. A strong demand continues for bulk dates, and stocks are rapidly decreasing. Further supplies are being obtained from Australia. Havelock tobacco is again, in short supply. A small parcel only arrived by the last Mel bourne boat.

Preserved ginger shows a decrease in value. The current quotation is now about Is 3d per lb. Colman’s starch is in short supply. Robin starch is also in short supply, and is being distributed in small quantities only. The selling price to-day of soft soap (ones) is 14s per dozen. Sicily almonds, according to latest cable quotations, show a sharp rise. Local holders are asking Is 9d per lb. There is no alteration in the price of Norton’s egg preservative. THE CHEESE MARKET. WELLINGTON, July 7. A private cablegram from London to-day reports the London cheese market as follows: —"White, 110 s to 112 s per cwt; coloured, 106 s to 108 s. SYDNEY SHEEP SALES. SYDNEY, July 4. Tho annual sheep sales have commenced. Compared with last year prices for stud stock are down 25 per cent., and best flock sheep 10 to 20 per cent. SYDNEY, July 5. The sheep sales were continued. A two-and-a-half-year ram, which was sold privately, realised 2000 guineas. It was unplaced in the sheep show, and the winner in its class yesterday realised 300 guineas. THE WOOL MARKET. LACK OF AMERICAN COMPETITION. DROP IN PRICES OF GOOD WOOL. NAPIER, July 8. At tho wool sales to-day 6620 bales were offered, and about 80 per cent, sold, the buyers being chiefly representative of Bradford and the Continent. There was an absence of American t on pet i tors, which resulted in good wools foiling in price by a halfpenny to throe-farthings on last sale. Prices generally wore on a parity with the May sale, some classes delining slightly and others improving. Rates generally ooanjnired favourably with those realised in Wellington Following axe the range of prices: Merino.—None offering. Southdown. —12Jd. 60’s-sG’s.—Halfbred super, 11L1; medium, none offering, inferior, 6&d. 48*0-50*8. —Super, 5d to 6£d. 46’8-48’fl.—Good, 4Ad to Gd. 44’s-46 , 5. Super, to 62d; medium, B£d to 4^d. 40*8-44*8. —Good, 4d io 4£d; medium, 3d to Hfd. BG’e-40*s.—Good, 3£d to 4Jdj medium, to 3d; inferior (dingy, seedy), 2d to 2£d.

Hoggets.—46*B-48*8.—Good, 6d. Hoggets.—44’s-16’s.—Good, 5d to s£d. Lambs.—46’s, good, 7d to B£d. Lambs.—44’e-46’s, medium, 5d to s£d. Lambs. —Inferior and seedy, 2d to 4£d. Bellies and Pieces. —‘Good, 3d to 3£d; medium, 2d to 2^d; inferior, Id to 2d. Crutcliings.—Good, 3d to 3£d; medium, 2d to 2|d; inferior, Id to 2d; locks, Id. NEW ZEALAND’S WOOL POLICY. At a meeting of the New Zealand Wool Brokers* Association, at which delegates were present from every selling centre in tho dominion, the questions of wool control and wool policy were fully discussed. Eventually full approval was given to tho policy of limitation of catalogues throughout New Zealand enforcing minimum reserves. This, in effect, is in support of the policy of the Producers’ Committee in regard to following “ Bawra’s ” ideas as to the marketing of wool, and the association is prepared to work cordially in co-operation with the efforts of the New Zealand Wool Committee. SYDNEY SHEEP SALES. cYDNEY, July 8. (Received July 8, at 9.30 p.m.) At the sheep .sales two merino special stud rains were bought for 575 guineas and 500 guineas respectively. LONGWOOL SHEEP. SYDNEY, July 7. The annual meeting of the Long wool Sheepbreeders’ Association’s report stated that owing to the small prices ancl the limited demand for longwool sheep wool during the past year 49 registered Australian flocks had been dispersed. Against this 27 new flecks had been established. The council, however, was confident that the- longwool industry wouid recover, and would regain its former prosperity as European conditions become normal. Already the demand had somewhat improved. RECORD JERSEY SALE. £10,355 for 74 HEAD. At the disperfal sale of tho Goodwood Jersey herd held by tho Farmers’ Co-opera-tive Auctioneering Company (Limited), at Fen court, Cambridge, on Wednesday, June 29, a new level of prices for pedigree* Jersey cattle in Australasia was marked. The result also constituted a record for the dominion, both for highest-priced cows and average—that is, for cows, calves, and .bulls. The highest-priced animal was lot 44, Viola’s Golden Fern, 10532 N.Z.J.H.8., a two-year-old heifer, purchased at 409 guineas by Mr Richard Cobb, Feilding. The 65 females submitted realised £9158 as, an average of £llO 18s. Nine bulls realised £ll97 —an average of £133. The average of the complete offering of 74 animals was a fraction short of £llO. It is interesting to note that 300 guineas wfi pain for a twenty months’ heifer, 230 guineas for a heifer calf, 300 guineas for an aged bull, 300 guineas for an eighteen months’ old bull, and 375 guineas for a four-year-old heifer, and these were each records for their respective ages, not only for New Zealand, but also for Australasia. Tho owner (Mr E. Griffiths), who is vicepresident of the New Zealand Jersey Breeders’ Association, has been very enterprising in making importations, both from Jersey Island and America, ancl it was the progeny of these importations, but bred by Mr Griffiths himself, which made such wonderful prices. COMMERCIAL CABLEGRAMS. AUSTRALIAN MARKETS. MELBOURNE, July S. Barley, 4s Gd to 4s 7id; Cape, 3s 4d to 3 s Gd. Oats, 2s 6d to 2s Scl. Potatoes, £3 10s t© £5. Onions, £3 to £" 10s. THE HIDES MARKET. MELBOURNE, July 8. The hides market has declined fully i'i, except kips and special stouts, which remain unaltered. SYDNEY, July 7. Oats: Algerian feed, 3s 4d; white feed, 3s Gd.. Maize: Yellow, ss; white, 4s 9d. Potatoes: Tasmanian, £5 to £7. Onions: Victorian, £5 to £6 10s. ADELAIDE, July . 7. Oats: Algerian feed, 2s 4d. SHELL TRANSPORT TRADING COMPANY. LONDON, July 4. At the annual meeting of the Shell Transport Trading Company the profit for the year was reported to he £8,870,000. A dividend of 36 per cent, was declared. A proposal to increase the capital to £30,000,000 was subsequently adopted. ENGLISH FLEECE SALES. LONDON, July 4. Bidding at the English fDece sales was of the slowest. There were heavy declines in prices compared with 1920, amounting in some instances to 75 per cent. Some growers refused to sell. THE UNION BANK. LONDON, July 9. The Union Bunk is proposing to increase its capital to £9,000,000. The Union Bank has declared a fine] dividend of 15 per cent., tax free. Tire sum of £120.000 has been added to the reserve and £8305 brought forward. THE TALLOW MARKET. LONDON, July 6. Tallow: 1903 casks offered, 1250 sold. Mutton, 36s 6d to 345; beef, 42s to 355; good mixed, 355. LONDON MARKETS. LONDON, July 7. Copper: Spot and forward, £7 2s Sd. Lead, £23 7s 6d and £23 ss. Spelter, £26 17s 6d and £27 17s Gd. Tin. £l6B 12s Gd and £l7O 12s C-d. Silver, 36 td. Wheat: Lifeless. Australian, ex quay, 81s Get a quarter. Flour: Quiet. Australian, delivered in, G7s-68s per 200 lb sack; Australian, ex store, 635. Beans: Firmly held. Peas: Poor supply; firm. New' Zealand blue, 16s-18s. Osto: Quiet, steady. Freight quiet. Sugar: Firm at full prices. Fine granulated, 56s 6d. Canned fruits: Navkunda pears, 15s Gd, 0.i.f.; peaches, 14s Ski, duty paid; peaches, ex Sheppa-rton, Victorian factory, 13s Gd, duty paid, subject to inspection. Bradford reports that new business is limited, buyers awaiting developments owing to an expected reduction in th© combing tariff. The cheese market is very firm, and prices have advanced considerably owing, to dry

wca her. New' Zealand white, about 120 s; colon, td, 116 s. Australian white 110 sto 114 s; coloured, 404 s to 110 s. Butter is very firm and likely to advance in price. Danish, 210 s, f.0.b.; Dutch, 2093 to 210 s, f.o.b. July 9. | _ Cotton: Liverpool quotation, August delivery, 8.29 d a lb. Jute: July-August shipment, £26 10s. Hemp: July-September shipment, £37._ Rubber: Para, URd a lb; plantation, B£d; smoked, 7£d. ! Linseed oil, £35 10s a ton, equal to 2a 10d : a gallon. 1 Turpentine, 73s- per cwt, equal to os 8d a gallon. blieep: New Zealand ewes, sid a lb; South American, heavy, 64d; ewes! aid. Lambs: New Zealand, Canterbury, 40-501 b, 12|d. : Leef: Frozen New Zealand forequarters, id a lb; hindquarters, 6d; Australian forequarters, 4d; hindquarters, 6d; Argentine hindquarters, 9hi; Uruguayan forequarters, , 4d; hindquarters, 7d; chilled Argentine forequarters, sd; hindquarters, lid; Uruguayan forequarters, 4*d. ADVANCE IN BUTTER. mi . LONDON, July 8. I here were substantial advances in Govj eminent butter to-day. The now prices are :as follow: New Zealand, 2205; Australian, I flat rate, 1975; Australian, firsts 200 s, seconds I -85 s, thirds 1755; Argentine, salted and un- ; salted, flat rate, 1755. FOREIGN EXCHANGE RATES LONDON, Julv 7. I The foreign exchange rates on London afford the ; lo,lowing compare*)n :

GOVERNMENT SECURITIES. LONDON, July 7. j Tho following are the latest quotations lor Oovernment securities, with a comparison with those : ruling last wick:—

—A. and N.Z. Cable. BANK OF ENGLAND PETUBNS. LONDON,’ July 7. The Bank of England returns for the w*elc ended July 7 afford the following comparison with those of the previous week : June 30. July 7. Coin an l bullion £126,551,000 £126.552,000 ltescrve 17,810,000 17,710,000 Proportion of reserve to liabilities, per cent 12.10 11.00 Note circulation 120,006.000 120,008,000 Government deposits ... 15,207,000 10,720.000 Othe r deposits 131.740.000 120,041.000 Government securities .... 61,203.000 63,705,000 Other securities 85,818,000 85,102.000 Short loans, 4?j per cent.; three months’ bills, nominal, 5 5-16 per cent.-

Paris (fr.) Tar. June 30. July 7. ... 23.22-1 4(5.65 46.68 Christiania (kr.) ... 18.15:) 26.13 26.33 Stockholm tier.) ... 18.1511 16.80 17.02 (Ypenhagen (kr.) .Montreal (dol.) ... 18.15!) 22.15 22.20 ... 4.88 4.26 4.21 Now York (dol.) ... 4.86 2*8 3.705 Yokohama (yon) ... 241Hongkong Mol.) ... 33$ 31 31* Berlin (mark) ... 29.43 282 27!) Calcutta (nip.) —A. and X.Z. Cable. 10 to gold sor. 15.38 15 3-16

Last week. This week. 2 A per cent. Imp Con £48 0 0 .■€48 0 0 5 per cent. Imp. War Loan... 88 10 0 88 5 0 3 A per cent. Imp. Wasr Loan ... 87 10 0 87 0 0 o.\ per cent, r'uv iIth Loan ... 09 2 6 99 7 6 o’, per cent, c We ilf.il Loan ... 04 0 0 94 0 0 X.S.W. 4’fi, 1038, • Ian.-July ... 75 12 ft 75 17 6 x.s.w. ai!>:n10. .lan.-Julv 04 0 (1 63 17 6 N.S.W. 3’n 1035, A]>ril-Oct. ... 67 10 0 67 10 0 x.s.w. r»rs 95 12 6 95 15 0 N.S.W. Hi’s 101 17 6 100 0 0 Vie. 4 V, 1021-6, Tan.-July ... 86 0 0 86 17 6 Vie. 3A’.«, 1920-10, Jan.-July ... fi.'i 12 6 63 10 0 Vie. 3\s, 1920-10, Jan..Till v ... 56 0 0 5G 10 0 4’s, 1 .Jan.-.lulv ... 88 15 0 80 12 6 (J’l.in ! 3AV, LMiM15 0 87 15 0 Q’ImikI 3’s, 1922-4 , .lan.-Julv 56 0 0 56 15 0 X.Z. 4 V, V'JO, M (V-X.iv. ... 84 10 0 85 0 0 N.Z. :i‘V, l!MO f .1 in. Julv ... B0 0 0 6!) 10 0 X.Z. .Vs, i!>45. Anril-Oet. ... GO 0 0 59 15 0 S.A. 3’y, 1900, .1 in.-Tilly ... 51 17 6 52 0 0 S.A. 31.V, l!ir> or after ... 67 15 0 67 10 0 Tas. 3 .Vs, 1!>20-40, Jan.-Julv ... 67 10 0 68 10 0 w .a . aj’s. 1020-05 Mav-Julv... 72 0 10 0 w.a. 3’p, i;>ir» Mav-Xnv 6S 0 0 08 0 0