COMMERCIAL.

Southland Times, Issue 16841, 18 September 1911, Page 7

COMMERCIAL.

AGRICULTURAL EVENTS FOR WEEK ENDING SEPTEMBER 23rd. —Monday, September IS — Mr John Keith’s sale at Papatotara, by Southland Farmers’ Co-operative Association. Stock Sale at Dipton. —Tuesday, September 19— Stock Sale at Gore. —Thursday, September 21— Stock Sale at Balfour. —Friday. September 22 Horse Sale at Winton. THE RIALTO. Messrs Wm. Todd and Co. report the following sales on Saturday;— Poultry.—Good entry: keen demand. Hens, 2s to 2s 2d; laying hens, 2s 6d to 2s lid: roosters, table birds, 2s sd; Minorca cockerels, 2s 7d; White Leghorn cockerels, 3s lOd; ducks, 2s 9d to 3s lOd; turkey gobblers, Ss 9d to 12s; hen and chicks, 5s 3d. pigs.—Very heavy entry. Suckers. 8s to 10s; weaners, 12s to 13s; slips, 1-s to 17s: stores, 20s 6d to 255: small bciconers, 30s to 375; Berkshire boar, 255; young Berkshire sows, 255: Yorkshire sow, £2 ss. Cattle. —One cow, £6 12s 6d. General Produce. —Potatoes, market g.utted; onions, prime Victorian, Ss cwt; outs, lls to 12s sack; wheat, 15s sack; carrots, 4s sack; parsnips, 4s cental. Fruit.—Sydney oranges, 12s to 13s 6d; Eiandarins, 14s. MCKAY BROS.’ REPORT. ’oultry.—A medium entry; prices very high. Hens. 2s 3d, 2s sd. 2s Sd to 3s Id each; cockerels, 2s 9d to 3s 4d; email ducks, 2s 2d each. pjgs. a good demand. During the week we sold 87 slips and stores at 20s to 24s each: suckers, 9s 6d to 14s; weaners. to 16s. General Produce. —Potatoes, 3s 6d to Bs sack; oats, lls 6d to 12s 6d; onions, 9s cwt; wheat, lls 6d: wheatmeal. 10s; ricemeal, Ss; barley meal, 13s; carrots. 4 3. Fruit. —Ripe bananas, 14s 6d: oranges. Us 6d to 15s 6d; mandarins. 13s 6d to 15s 6d; pines, 13s 6d; apples, 13s 6d; lemons, 10s 6d. ICNTERCARGILL HORSE MARKET. Messrs J. A. Mitchell report having held, their usual horse sale at the Invercargill Horse Bazaar on Saturday. There was an entry of 46 horses, the majority of which were draughts, and a rather better class than what usually comes forward. The demand was good, and the majority of the likely sorts changed hands at the prices usually ruling. The top bid (£43) was realised for a 7-year-old gelding vended by Mr J, B. Walsh. On account Mr W. Baird, geldings at £4O and £37, and several from £32 to £25. On account other vendors draughts £35, £33. £3O, £2B ss, £26, £32. Strong light harness horses, suitable for bakers’ carts, sold at £2l 10s, £2l, and £lB ss. Light harness horses were a very indifferent lot, with the exception cf the trotting horse Generosity, which a was passed in at £35, but ultimately purchased by Mr James Lilly (Gore) at a satisfactory price. Others sold at £ll 10s downwards. CLEARING SALE AT WAZANIWA. Messrs Wright, Stephenson and Co., Ltd., report having conducted a most euccessful clearing sale of dairy cattle, ttc., at Mr W. J. Diamond’s farm at Waianiwa on Friday, September 15. There was a fair attendance of buyers, and Mr Diamond's cows, which are wellknown throughout the district as being good milkers, brought very satisfactory prices. He also sold heifers and calves r.t full market prices. We quote some of the prices received. Top. price was £l3, the purchaser being Mr J. H. Lobb, Waimatuku, whilst others sold at £l2 10s t.nd £l2 2s 6d. We also sold three at £lO, two at £9 10s, three at £S Ids, five ft £S ss, five at £7 15s, four at £6 10s, and others down to £4 10s. A line of ten calves brought 355, while the heifers sold ns follows: —Three at £3 15-s, two at £3, one at £2 12s 6d, three at £3, and one lit £3 12s 6d. GORE HORSE BAZAAR. Wright, Stephenson and Co., Ltd., report:—We held our weekly sale of horses in the above bazaar on Saturday before n fair attendance of district farmers, carters, and dealers. The entry forward was small and comprised some good forts. The top price (£37 10s) was secured for a nice quality 6-year-old gelding on account of Mr G. P. Johnston. The demand at the present time is good for all fair quality to superior mares ind geldings, but aged and stale sorts are hard to quit. Quotations are as follows;—Y'oung, sound mares, medium £3O to £35: superior, £35 to £45; young sound geldings, medium £25 to £3O; superior, £3O to £4O; aged mares and geldings, from £2O down; good spring-carters, £l2 to £2O. We are holding a special sale .next Saturday. DUNEDIN HORSE SALEYARDS. Messrs Wright. Stephenson and y Co., Ltd., report as follows:—For last Saturday's sale there was a fair entry of horses, composed principally of good, useful farm mares and geldings. The attendance of the public was very good, and included most of the town carters and contractors, as well as a large number of country settlers. The principal feature of the sale was the consignment from Canterbury, which was made up entirely of good, useful farm sorts, consequently the bulk of the business done was transacted with the farmers, who competed keenly for the various animals as they came under the auctioneer’s hammer. As indicated above, there was nothing of special merit on offer; consequently we have no high prices to quote. Nevertheless what were sold made excellent prices, the best realising up to £45. There is a keen demand for heavy draught geldings, suitable for contractors, and we could place quite a number to advantage. As Is usual at' tills time of the year, the enquiry for light harness sorts is improving. in fact we have orders on hand for qiiite a number of reliable buggy animals and could place to advantage any coming forward. We quote:—Superior young draught geldings at from £4O to £45; extra good do. (prize winners), at from £45 to £SO; superior young draught mares, at £SO to £6O; medium draught mares and geldings, at from £3O to £4O; aged at from £lO to £ls; strong spring van horses, at from £25 to £39; strong spring-carters at from £lB to £25; milk cart and butchers’ order carthorses at from £ls to £2O; 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. DUNEDIN MARKETS. GRAIN AND PRODUCE. DUNEDIN, September 16. OATS. —The oat market rules as strong as ever, and the difficulty of securing consignments continues. Prices have further advanced Id. There is a fair inquiry from the North Island, hut the high prices are restricting business, and will no doubt continue to do so. North Otago and South Canterbury are now pretty well stocked with oats, most of them having filled their requirements. A fair quantity is, however, still going north in fulfilment of orders secured some time back on a forward delivery basis. Millers are keen buyers for suitable lines, but are likewise experiencing a difficulty in securing offerings. No oats are now offering from cither the Gore or Kelso districts, farmers there presumably having now disposed of all their stocks. A grade Gartons were sold yesterday for the North Island at 3s Id, f.0.b., s.i„ but local merchants are at present asking %cl to Id more for this grade of oat. B Gartons are also now fetching 3s Id. Other grades of oats are practically unprocurable. CHAFF.—There is a better inquiry for chaff, and stocks of prime lines In merchants’ hands are diminishing. All prime samples are readily sold on arrival. There is a good deal of inferior stuff on the market, but for this there Is very little inquiry. A difficulty is being experienced by merchants in securing shipping space for chaff for the North Island. Prime heavy oaten sheaf, £4 2s 6d to ft ss; choice black oat, £4 10s; medium to good, £3 7s Gd to £3 15s; inferior, £2 10s and upwards. POTATOES. —Supplies of potatoes are more than equal to the demand. Some few lines are now being sent to the Australian market, and a further shipment is to go forward on Tuesday. Prime quality, £2 15s per ton; m-dium to good, £2 5s to £2 10s; Inferior potatoes, £1 10s.

CANTERBURY MARKETS. GRAIN AND PRODUCE. CHRISTCHURCH, September 16. WHEAT. —The grain market remains quiet on account of the paucity of offerings. The wheat market, however, continues very firm, and up to the present the reported weakening of the demand in the Commonwealth has not been reflected locally, and all lines placed on the market find ready buyers at full quotations, j For some time now comparatively few lots have been offered by growers, and at present the greater part of the business passing is between merchants. Nearly all recent purchases have been to fill local requirements, the prices ruling at Home not being sufficiently attractive to induce trade from the dominion, values here being about threepence per bushel above the parity of London values. Every week the impression deepens that all the wheat in the dominion will be required for local requirements before the new season’s grain is available, and such being the case, those still holding supplies—and they are not believed to be many—are not anxious to sell even at tlie very satisfactory prices ruling at the present time, the majority holding the conviction that even should values not materially advance there is little fear of their receding in the interval. OATS.—The oat market is almost bare of supplies, and values are ruled largely by the urgency of orders. The offerings continue to be very meagre, indeed, during the last couple of weeks scarcely any has been placed on the market. Some varieties, notably Algerians and Duns, are practically non-obtainable, whilst other classes aro in very short supply. CHAFF. —The demand for chaff has shown a slight improvement during the week, and the current quotation ranges from 80s to Sss per ton on trucks at handy stations, the average price being S2s 6d. ,A fair quantity has been placed on the market recently, and a restricted trade is being done with coa.stal centres. POTATOES. —The potato market still continues to droop, and during the week there has been a still further decline in values. Sales on a limited scale have taken place at prices below £2 per ton on trucks, and yesterday some city merchants reduced their limits to 35s per ton, at which price they are indifferent about operating extensively. Up to £2 has been obtained within the last few ■days for first-class Up-to-Dates, while an additional half-crown has been paid for Derwents, which, however, are difficult to obtain. TIMARU, September 16. WHEAT. —The market continues to be very firm, although very few actual sales have taken place during the week. The nominal values are 3s Sd for Tuscan and Red Chaff, and 3s 9d for Velvet, delivered Timaru, although is offering from farmers at these prices. The Indralema, last week, took 20,600 sacks of wheat from Timaru, being probably the last shipment for the season at the 10s freights. OATS.—In oats, the market is also firm, and the all-round quotation to-day is 2s'9d, delivered Timaru. Next to no oats are offering, farmers generally having no more than sufficient for their own requirements. Some haven’t even enough for this, and are buying for horse feed at high prices. POTATOES. —The market is dull, and sales are hard to effect at £2 5s per »ton for eating tubers. Small parcels of seed, however, are selling well. ASHBURTON, September 16. WHEAT. —The market still remains firm, and any lines of good quality wheat offering are readily taken at quoted rates. There is not a great quantity of wheat being offered, and it seems fairly certain that the available quantity in the hands of growers in the County is not great. Values: —Prime mixed lines, 3s 6%d to 3s 7d; Hunters and Tuscan, 3s 6d to 3s G^d. OATS. —None available, although enquiry is good. CHAFF. —The firming of oats has not affected chaff, widen is still only in quiet demand at 80s on trucks for prime. FARMERS’ CO-OPERATION. SUCCESSFUL CONCERNS. CHRISTCHURCH, September 16. At an extraordinary general meeting of the New Zealand Farmers’ Co-ope-rative Association of Canterbury to-day it was decided by 121 to 31 “That the capital of the Association be increased to £1,000,000 by the creation of 100,000 new ordinary shares ol £5 each.” At the annual meeting held subsequcnily the chairman, in moving the adoption of the annual report and bal-ance-sheet. said that the aggregate turnover of ai! operations for the year totalled the colossal sum of £2,961,C55, being an increase foe the twelve months of £510,754. As far as the financial position of the Association was concerned, he thought that it would be conceded thac the finances were now upon a thoroughly sound basis. Still, as he had explained In his remarks with reference to the creation of additional capital, It was necessary, with a growing business such as .his Association’s, to see that the capital account moved ahead consistently * with the business as a whole. The report and balance-sheet were unanimously adopted. OAMARU, September 17. The annual meeting of the North Otago Farmers’ Co-operative Association was held yesterday afternoon. The report gave the; following details: —“The nett profit for the year ending July 31st is £2587 8s 3d, which, together with £921 lls Id carried forward from last year, makes a sum of £3508 19s 4d to be dealt w:ih. The directors propose to allocate tie amount as follows; To pay a lividencl of 7 per cent, on paid-up capital, to refund 5 per cent, on stock and produce commissions, to pay Svi per cent, on salaries earned by the permanent staff, 2% per cent, bonus to shareholders on the purchase of merchandise (sundry not items excepted), to place lll'O to a reserve for bad and doubtful dents, to carry £24 9s 2d to the reserve account, which will then stand at £SOO. and to carry the balance forward.” The report was adopted. FS.OZEN MEAT. [By Telegraph.—Prose Association.—Copyright. ] LONDON, September 16. The Frozen Meat Trade Association’s Smlthfleld market quotations for the undermentioned classes of frozen meat are based on actual sales of not less than one hundred carcasses of mutton or lamb, or tvventy-flvo quarters of beef of fair average quality. The quotations are not for selected lines, but for parcels fairly representative of tho bulk of the shipments now on the market. The prices which follow are on an average a farthing per pound more than the value ex ship, this difference representing an average cost In expenses, handling conveyance, and selling the meat:— Sept. 10. Sept. 17.

DUNEDIN STOCK EXCHANGE. (Per United Press Association.) DUNEDIN, September 16. Stock Exchange sales:—Waihi, 60s 3d and 60s Gd; Waihi Grand Junction, 29s 6d (2 parcels); Dalgety and Co., 1355.

BEEDOING RETURNS. DUNEDIN, September 16. Dredging returns: Waikaka United No. 1, iGoz 6dwt; No. 2, 14oz 6dwt; Rksing Sun, 290z 7d\vt; Worksop, 12Soz lldwt; Trafalgar, 14oz.

Mutton — d. d. Canterbury, light 4 1-8 4 1-4 Canterbury, medium 4 1-8 4 1-8 Canterbury, heavy 3 7-8 3 15-16 • Southland 3 7-8 3 15-16 North Is., best 3 13-16 3 15-Ib North Is., ordinary 3 7-8 3 3-4 New Zealand, ewes 3 3-16 3 5-16 Australian, light 3 3-S 3 1-2 Australian, heavy 3 5-1 6 3 3-S Australian, ewes 3 5-16 3 b-16 Paver Plate, light 3 3-4 3 o-4 River Plate, heavy 3 1-16 3 7-16 River Plate, ewes 3 1-4 1-4 Lamb — Canterbury, light 5 1-4 b 5-16 Canterbury, medium 5 1-4 b 5-16 Canterbury, heavy 4 15-16 b Southland — 5 1-S North Is., selected 5 1-8 b 1-8 North Is., ordinary 5 1-16 5 1-16 Australian, best Australian, fair ' Australian, Inferior River Plato, first 4 5-8 4 3-4 River Plate, second 4 1-8 4 1-8 Beef — N.Z., ox fores 2 1-2 2 5-8 N.Z., ox hinds 3 5-8 3 3-4 Australian, ox fores 1-2 5-8 Australian, ox hinds 3 1-2 3 5-8 River Plate, ox fores 2 1-2 5-8 River Plate, hinds 3 5-8 3 3-4 Riv. Plate, cliId fores 2 5-8 5-S Kiv. Plate, chid hinds 3 7-8 4 3-4