COMMERCIAL.

Southland Times, Issue 14095, 29 April 1909, Page 7

COMMERCIAL.

BURNSIDE STOCK MARKET, hr BBBad ftraaa AmiiliiHm DUNEDIN. April 28. Sheep—2662 yarded; a large yarding consisting of a big proportion of ewes. Prices for wethers were easier and ewes showed a decline of about 3s per head. Best wethers 15s to 16a, extra 18s, medium 13s 6d to 14s Sd, inferior 12s to 12s Sd, best ewes 11s to 12s 6d, extra 14s, medium 9s to 10s, inferior 5s to 7s. Lambs—l27s yarded. Prices were almost equal to last weeks. Best lambs 12s to 13s, extra 15s 6d, medium -11s to 12s, inferior 8s 6d to 9s 6d. Pigs—loo yarded. Suckers and small pigs were in fair supply, there being a good demand. Porkers and baconers were firm at late rates. Suckers 12s to 14s, slips ISs to ISs, stores 20s to 265, porkers 36s to 40s, light baconers 43s to 475, heavy 4Ss to 6(t Cattle—l7B head yarded. The quality, taken throughout, was good. There were a few pens of specially nice steers and heifers. Bidding was slack, but. prices were slightly in advance of last week's rates. Best bullocks IS 15s to £ll ss, good £7 10s to £8 10s, medium £6 10s to £7, light and inferior £4 17s 6d to £6, best cows and heifers £6 to £7 17s 6d, medium to good £5 to £5 17s 6d, light and inferior £3 2s 6d to £4 10s. DUNEDIN GRAIN MARKET. DUNEDIN. April 28. Oats—Owing to the increased demand for shipment from the Home Country and Australia, prices have advanced considerably during' the week. Merchants are keen buyers of all grades. Although prime Cartons and Sparrowbills have preference. Duns suitable for seed have fair demand for autumn sowing. Prime milling Is 7fed, good to best feed Is 5d to Is fed, inferior to medium Is 3fed to Is 4fed. Wheat—The cabled weakening of the London and American markets has caused a cessation of business locally. Millers have large stocks on hand and are content to await developments. Holders show no desire to force sales, and little business is passing. Good whole fowl wheat meets with ready sale at quotations. Prime milling 4s 3d to 4s 4d. medium to good 4s Id to 4s 2fed. whole fowl wheat 3s lOd to 3s lid, inferior iq medium 3s fed to 3s 9d. Messrs Dalgety and Co., Ltd., report es follows: — We held our weekly auction sale of grain and produce at Dunedin on Wednesday and submitted a moderate catalogue to the usual attendance o£ buyers. Prices ruled as under: — Oats —The market has been excited during the last week, and offerings, particularly A grade Cartons and Sparrowbills, have been readily taken for shipment to London and Australia. We quote: Prime milling. Is 6fed to Is 7d per bushel; good to best feed. Is 5d to Is 6d; inferior to medium. Is 3 fed to Is 4fed (sacks extra). Wheat —In view of the market la London buyers are not disposed to operate and millers who are holding large stocks are consent to await developments. We quote: Prime milling, 4s 3d to 4s 4d per bushel; medium. 4s Id to 4s id; whole fowl wheat. 3s 9d to 3s lid; medium, 3s 5d to 3s Sd; inferior, 2s 3d to 3s 3d (sacks extra). Potatoes —Arrivals arc light and prices are if anything slightly firmer titan last week. We quote: Extra good up to £2 15s per ton; best freshly-dug samples, £2 19s to £2 12s 6d; medium, £2 2s 6d to £2 ss. Chaff —Consignments have been heavy but very little prime chaff has been offering. Prime chaff meets with ready sale at 2s Cd better than last quotations. We quote; Prime, £2 10s to £2 12s fed; medium, £2 2s fed to £2 ss: inferior and discoloured, 35s to 40s. • Straw —Wheaton, 30s; oaten, 32s 6d. HIDE AND SKIN SALES. Rabbitskins —Tills week we submitted a moderate catalogue to the usual attendance of buyers and cleared every lot under good conditions. We quote; Late autumns, llfed to 13d; autumns. lOfed to llfed; prime racks, Sfed to 9fed: light racks, 7%d to Bfed: summers, 7d to Sd; runners, 4<l to sd: suckers. 3d to 4d. Coloured skins are realising on a car with greys. Sheepskins—This week we submitted a somewhat smaller catalogue than fsual to a full attendance of buyers ind cleared every lo: under keen competition. We quote:—Ftili-woolled sk:ns; Halfbred, 7d to 7 fed; fine crossbred, o“id to 7d; crossbred., sfed to fefed; merino, fed to fefed; dead skins. Id to 1 fed lower. Snort Wools: Halfbred, sfed to 6d; crossbred, 4d to ".fed; merino, 4 fed to sfed; lambskins. s fed to Cd. Shearling Pelts; Crossbred, Sfed to 4fed; merino, 3d to 3fed. WOOL. Messrs Dalgety and Co.. Ltd., report having received the following cable from head office, dated London, Ann! 26th. 1309: — “The list of arrivals for the th’rd series of wool sales to open on May 4th is closed. The new arrivals amount to 378,000 bale?, of which 213.000 hale-, have been forwarded direct to manufacturers at home and abroad, leaving 178.000 available for sale, including 13.000 bales old stock.” The New Zealand Loan and Mercantile Agency Co., Ltd., tave received the following cable from their London office, dated 28th inst.:— “Wool—The American market is showing signs of strength. Wheat — The market has declined 2s per quarter.” EXCHANGE SALES. DUNEDIN, April 2S. Stock Exchange sales;—-Koputai £2, Rise and Shine £1 12s, Standard Insurance £1 0s 3d, Perpetual Trustees 17s. Sales reported:—Big River £3, N.Z. Portland Cement £2 0s fed, £2 Is (two parcels), Waihi Grand Junction £1 11s, Standard Insurance £1 Os Gd. OAMARU MARKETS. OAMARU, April 27. In common with growers elsewhere, farmers in this district had their opportunity early last week to quit their wheat yield at a very good figure. Indeed, 4s 2fed was being offered freely for mixed lines of red chaff and velvet, less commission, at sidings, straight lines of velvet being purchased at 4s 3d, delivered, and even 4s 3 fed was refused for a mixed line of good velvet, Tuscan and red chaff In which the firstnamed largely predominated. Local millers were not on the market to any extent. feeling not justified in paying the rates asked, and Dunedin has not been Inquiring in this market for some time, millers in the south sitting down on the stocks already held. Their caution was rewarded by subsequent events, for at the close of the week the firm tendency had degenerated into a lifeless state, and the market to-day is dead. The bulk of lasi week’s business was transacted with a view to the North Island, but that outlet has been stopped, and there is nothing doing whatever. Farmers still hanker after the 4s. whereas merchants will not touch wheat at that figure. Oats stand in a much better light than for some months past, and merchants have raised their limits by 2d during the past week without tempting much business, as farmers are firm in the belief that the end of the season will see better prospects for this cereal. This is doubtful, however, for the cats in North Otago were gathered In rather poor condition, and this season discoloured samples are rather the rule than the exception. The potato crop, too, is In a doubtful plight, for Derwents In this district enow sad signs of blight, and merchants feel dubious at present as to whether they will keep. ADDINGTON STOCK MARKET. CHRISTCHURCH, April 28. Fat Sheep—A largo yarding, owes forming the greater portion. Owing to over supply of these prices were easier, especially for medium and poorer sorts. A few of the best lots of light weight ewes were taken for freezing, There was fair demand for wethers for export, and prices were well maintained for wellfinished handy weights. The range of prices was; Prime wethers 16s to 18s 3d, lighter 12a Id to 14s 9d, prims awes 11s to 13s, medium 9s to 10s 6d, aged and light 6s to 8s lOd. Store Sheep—The entry was below the average uf lata sales in point of

■numbers. The proportion of wethers was, however, larger. The Jambs consisted of a few small lines and the balance was ewes of ordinary class. For the latter there was fair demand at late rates, and they mostly changed hands. Lambs also sold up to the rates ruling at late sales, very forward sorts making 10s to 11s,' and backward lots 8a to 9s 6d. Good forward lines, of which there were several offered, sold at 11s to 12s 6d, low conditioned halfbred wethers Bs, oilier classes at late rates. Fat Lambs —Over 200 less than the previous week yarded, the total number offered being 6530. In consequence of adverse reports from London there was less keenness in bidding, and lambs were rather easier, while lighter sorts sold well up to last week's rates. There were 5603 taken for freezing at 12s 6d to 14s, a few heavier pens to 14s lOd. Some 285 were bought by butchers at 12s to 16s, and 642 were passed in and sent to factories on owners’ account. Fat Cattle —267 head yarded, the major portion being of good to prime quality. There was again weak demand and a dull sale for all descriptions, and especially for second quality, which were difficult to dispose of. Steers made £6 7s 6d to £lO 2s 6(1, heifers £5 to £8 15s 6d. and cows £4 15s to £7 15s—equal to ISs 6d to 20s for prime, 16s to ISs for medium, and 14s to 15s 6d for cow and inferior beef per lOOlbs. There was large entry of veal calves, including some large sorts, and prices for average weights ranged from 4s 6d to £2 15s, larger calves making more money. Store Cattle —A very large entry, mostly from Otago, and there was a very dull sale. Calves made 13s, yearlings 275, fifteen to eighteen months 37s to 425, two-year steers £3 3s to £3 12s 6d, two-year heifers £2 6s to £2 16s, two and a-half year steers £4 15s, three-year steers £5 15s. Dairy cows were in demand at £3 to £lO. Pigs—The entry was a fairly large one, the demand was easier for all classes. and prices were lower accordingly. There were no large huconers, and light weights made 45s to 69s—equal to 4 fed to t'gj per lb —heavy porkers 33s to 40s, lighter 28s to 32s—equal to 5d to sfed per in—medium stores 23s to 30s, smaller ISs to 245, weaners 11s 6d to 14s 6d. WEONG SIDE OF THE LEDGER. By Tuliimeli rum Assseiaxtoa.—CopyrisM, LONDON, April 27. The report of the Australian and New Zealand Mortgage Co. for the year ended December 31st shows a loss for the year of £11,360, making the total debit balance £82,797, which is carried forward. VARIOUS MARKETS. LONDON, April 27. Copper, spot, £57 12s 6d per ton: three months, £SB 7s 6d. Electrolytic, £59. Tin, spot, £133 12s 6d. Lead, £l3 ss. Shares are unchanged. SYDNEY, April 28. ■Wheat, nominal, 5s to 5s 2d per bushel. Flour, £l2 10s. Oats. Algerian 2s 6d to 2s 7d per bushel; white, 2s 8d to 2s 9d. Barley, Cape. 2s 9d to 2s lid. Maize. 4s 3d to 4s sd. Bran and pollard, £6. Potatoes, Tasmanian, £5 ss. Onions New Zealand £6 to £6 10s; Victorian, £6 Ids. Butter, prime. 96s to 98s per cwt. Cheese, 6fed. Bacon, Sd. MELBOURNE, April 28. Wheat, 4s 11 fed. Flour, £ll 10s. Oats. Algerian, Is lid to 2s 1 fed; white, 2s ■ 4d. Barley, English malting, 4.5; Cape, 2s 6d to 2s Sd. Maize, 4s Sd to 4s 3d. Bran and pollard. Is Sd. Potatoes, £3 4s. Onions. £6 ss. ADELAIDE, April 28. Wheat, 4s lid. Flour, £l2. Oats, Algerian, 2s 3d. Bran and pollard, Is 4d. LONDON, April 27. Wheat —Two cargoes of South Australian have been placed at 42s 6d per nuarter. The market is steadier at a decline. May wheat in Chicago fluctuated between 121 to 118fe cents: July wheat. ICSfe to 105fe cents. The estimated wheat acreage in Canada is fully 20 per cent, above that of last year. Wool —For the forthcoming London sales arrivals to date total 377,646 bales, -.thereof 213.490 have been forwarded, direct to manufacturers, leaving 177,500 available, including wool brought over iron; lash sales. The New Zealand Loan and Mercan•Jie Agency Company, Limited, have received' the following cable from their London office, dated 28th inst.; —“M 00l The American market is showing signs of Strength. Wheat -The market lias declined 2s per quarter.”