COMMERCIAL.

Southland Times, Issue 16692, 22 March 1911, Page 7

COMMERCIAL.

Wednesday, March 22. Sale of surplus stock at Birchwood by Messrs Wright, Stephenson and Co. j Thursday, March. 23. Clearing sale at Waihopai Downs Homestead (near Woodlands), bj._ Messrs Dalgety and Co. Dispersal sale at Mount Benger. I-.i-at-burgh, by Messrs Wright, tjtepnen.-ion and Co. Friday, March 2-5. Sale of Education Deserve leases by Messrs Wm. Todd and Co. GOB2 STOCK SALE. Proceedings in the store .sheep 'market at the Gore saieyards yesterday had a healthier tone limn at previous (sales of late. The turnip crops in the. eastern district prettied hj. v la~t weeks rain and winter feed is m*v. thought rv> bo ;tssured. fader siteh eircuinshtnces farmers show an inclination to regain slock up and if prices yesterday h.t’.ed to advance to much extent bidding was never slack, and most of the yar.limg of limit) sheep changed hand-, Lamb': were particularly in demand. Fat and forward lambs rapid up to 12s, And others from Ids to tls V>d l-our and eix-tooth ewes ranged uj> to 16s 3d. Aged ewes (mostly boilers- I fetched 1 rom *s to -Is 6d, and lip to 2d for better sorts. Eat ewes made “IDs to 11s and fat wethers 1 Is. In a fair yarding off cattle current rates wore secured, eao.-es selling at 2ss, IS-months-ohl heifers £ll as to £3 Ids, and dairy cows £! to £6. FROZE IT MEAT. The New Zeahutd Loan and Mercantile Agency Compajiy have received the following cab! gram from their London house, under date;, 21st instant; —frozen mutton, market weaker; frozen lamb, market depressed; frozen beef (sides), market slightly better. dunedin produce report. Messrs Dalgety and Co., Dunedin, report: —“We held our weekly auction sale of grain and produce on Monday, the 20th, when we offered a good catalogue to the usual attendance of buyers. Bidding was brisk throughout, end we cleared the bulk of our catalogue, as under: — Oats. —There is very little change to report. Shippers are buyers, but farmers’ ideas of value are a little in excess of what they can give, so that the business passing is not large for this time of the year. Prime Sutherlands dun and black oats are. enquired for. We quote: Prime milling. 3s 3d to 3s 3fid: good to best feed, 3s l%d to 3s 2d; inferior to medium, 2s lid to 3s per bushel; bags extra. ■Wheat. —During the week reports from Australia hardened the market a little, but since then cables from London describe the market as Inactive, so t.. at millers holding fairly large stocks are not keen buyers. Prime milling is saleable at quotation. Fowl feed meets a ready sale. We quote:—Prime velvet, 3s 3d to 3s Slid; prime Tuscan and velvet ear, 3s Usd to 3s 2 -1- d: whole fowl feed. 2s lid to 3s Id; broken and damaged, 2s 9d to 2s lOd per bushel; bags extra. Potatoes. —Supplies coming forward Just about equal the demand, and prices to-day are fairly firm. W-e quote;— Prime sorts, £3 12s 6d to £3 15s: medium to good, £3 to £3 10s; inferior, £2 30s to £2 15s per ton; bags in. Chaff. —Consignments have been coming to hand on a very under rate sale so that at to-day’s sale, all that was on offer met a good market. We quote:— Prime oaten sheaf, £-1 10s to £4 15s; medium to good, £3 lbs to £1 7s Cd: inferior, £3 to £3 Ts 6d per ton; bags extra. CHRISTCHURCH PRODUCE MARKET. (Per United Press Association.) CHRISTCHURCH. March 21. Though the London market las undergone no improvement, exporters are offering a little more fur wheat as they have been unable to obtain any quantity at 2s lid at country stations. At handy Motions they are now giving 3s for good ilnes, and 2s lid and 2s 111-id where longer railage has to be paid At rhesa prices a fair amount has changed hands during the last few days. Oats and chaff arc still firm, and the former is scarce. The continued dry weather is likely to have a firming effect upon the market. Potatoes for immediate delivery arc easier, .and there is practically no forward business doing. The news that a grub has appeared in the Oamaru district is causing some anxiety lest it should prove to be the Australian potato flyThe retail price of butter has advanced Id Bur lb all round. BEEF AND MUTT OH. SHORTAGE IX AUCKLAND. AUCKLAND, March 21. In Auckland, as elsewhere, there seems to be an Indication of coming shortage In beef and mutton supplies. On inquiries being made to-day it was ascertained that for freezing purposes the prospects are that this season's output will fall short of last year’s by a considerable margin, owing no doubt to the fact that last season the beef market was overstocked. There has, in many districts, been a wholesale slaughter of young calves. The dry weather In Auckland during the summer is also considered to have had same effect on the mutton trade, and supplies for freezing purposes are beginning to shorten. The fact that so much new land is being settled in the Auckland province also accounts to a certain extent for the absorption of a large number of sheep which might have otherwise been frozen /or export. LONDON WOOI. SALES. , {By Telegraph—Press Association—Copyright). LONDON, March 20, At the wool sales all prices are fully maintained. There was strong competition for a, good .selection of crossbreds. WAIEI SHARES. LONDON, March 20. "Waihi shares, 65s and 67s 6d; Junction. 26s 3d to 28s 9d, beet sugar. LONDON. March 20. Professor Licht estimates (.hat the production of beet sugar has increased by 99,000 tons during the campaign, the surplus being 1,939,000 tons. BRITISH MARKETS. LONDON, March 21. Received March 21, 11.45 p.m. "Wheat. —A cargo of Australian sold at 345, and 6000 tons per steamer. March shipment, at 33s 7 "Ml. Copper.—Spot. £sl IGs 3d; three months, £55 8s 9d. Tin.—Spot, £I7S 15s; three months, *l7B ss. DEARER WHEAT AND FLOUR. SYDNEY, March 21. Flour has advanced os, to £8 ss. Wheat has advanced a halfpenny, 3s to 8s 5d Is offered. DUNEDIN STOCK EXCHANGE. DUNEDIN, March 21. Stock Exchange sales: Waihi Grand Junction. £1 7.5. Sales reported: Waihi Grand Junction, £1 8s; Golden Rod, 15s; Talisman Consolidated, £2 10s; Rise and Shine, £1 10s; Westport Coal. £1 9s; Waild Grand Junction, forward delivery. £1 7s 6d. DREDGING RETURNS. REE ETON, March 21. Reefton dredging: Worksop, to Saturday, lOloz Sdwt, 137 hours; Pactolus, JJSoz 9dwt, 120 hours. GOLD FIND ON WEST COAST. REEFTON, March 21. A rich find of stone is reported at Maori Gully. Merrijigs district. The stone ts remarkably rich. No details Are known.