COMMERCIAL

Southland Times, Issue 17663, 22 February 1916, Page 4

COMMERCIAL

AGRICULTURAL EVENTS TOR WEEK ENDING FEBRUARY 2G. —Monday, February 21. Messrs Tuach and Neale’s clearing sale at Waimurnu, by Messrs Henderson and Co., Ltd. —Tuesday, February 22. — Stock sale at Wallacetown. —Wednesday, February 23.—■ Stock sale at Kapuka. —Thursday, February 23. Stock sale at Wyndham. —Friday, February 24. Stock sale at Waikaka. Stock sale at Lumsden. CLEARING SALE AT SEAWARD DOWNS. Wright, Stephenson and Co., Ltd., report having conducted a successful clearing sale of Mr John Dreaver's live ami dead stock on Friday, 18th February, 1916. Notwithstanding the fact that a great many farmers were taking advantage of the ideal weather conditions to get on with their harvesting operations, there was a good attendance of buyers and competition was keen. The culinary efforts of Mrs Drcaver and her assistants are worthy of special mention, and the thanks of all arc due to these ladies for an excellent luncheon. The following arc some of the prices realised: —6-year draught, £26; 4-year do., £23; aged do., £lO 10/-; 7-year spring cart mare, £18; 8-year draught mare in foal, £22; H steers at £lO 17/-; dairy cows, £l4 5/to £6 10/-; 5 18-months' heifers, £5; 5 IS-months' heifers, £5 6/-; 6 IS-months’ heifers, £4 12/6; 4 steers, £4 10/-; 113 f.m. ewes, 14/11; 102 lambs, 15/9; 27 ewes and lambs, 7/7: drill, £lB 10/-; roller, £ls; drays, £l2 10/- and £ls; binder, £27 10/-; furniture and sundries sold at prices in keeping with the above. The general opinion of those present was that Messrs McCorkindalc and Son had become possessed of one of the neatest farms in the district. TALLOW. The New Zealand Loan and M.A. Co. have received the following cablegram from their London house, under date ICth Inst.: — Tallow —We quote present spot values for the following descriptions; Fine mutton, s<i - per cwt: good beef, 48/6 per cwt: mixed, 4 5/6 per cwt. The market is dull and there is nothing doing. DUNEDIN MARKETS. GRAIN AND PRODUCE. Messrs Dalgety and Co., Ltd., report, as follows: Oats.—New season's grain has commenced to come forward, and is meeting with ready sale at quotations. Buyers, however, are not prepared to operate at present rates for forward delivery. A good demand exists for all good bright, heavy linos for immediate delivery, suitable for shipment or milling purposes. I'red lines are finding a ready outlet for local consumption. We quote; Prime milling, 3/3 to 3 1; good to best feed, 3/1 to 3.'2 per bushel (sacks extra). Wheat.— Harvesting is now in full swing, and sales of early ripened grain have been effected on trucks at country stations. Fowl wheat is not offering so freely of late, with the result that values ai.e firmer. W>> quote: Best whole fowl wheat, 5/- to 5 3 per bushel (sacks extra).

Potatoes.—There has been a good inquiry for choice lines suitable for shipment. and buyers have been operating for forward delivery. There is also a good local demand, and consignments have been cleared on arrival at quotations. We quote: Choice lines. £7 to £7 JO'-: medium to good, £6 10/- to £7 per ton (sacks in). ("half. Moderate supplies of old chaff have been coming forward, together with supplies of new season's. There lias been a good demand for all choice lots of old chaff, which have met a ready sale at quotations. Consumers are not keen to stock up new chaff yet. We quote: Choice old season's oaten stieaf, £5 to £5 5/-; medium to good. £1 12/6 to £1 17/6 per ton i sacks extra).

Messrs Ihmald lleid and Co.. Idd., report; -U'c held iuir weekly auction sale of "rain and produce at onr store on Monday, when values ruled as under: ()ats.--Xew season's oats are now coming forward in small quantities. All lines offering for immediate delivery are readily placed at quotations, hut buyers are not so keen to make purchases for later threshed lots. We quote:—Prime milling, to I; good to best feed, " to inferior to mdeium, 2 10 to i; 1 per bushel (sacks extra). Wheat.—The local market is at present almost bare of stocks. Millers have been supplying tbein' requirements from northern stations. Samples of southerngrown wheat are now coming to band, and all good sound lines meet with ready sale, for immediate (O' I'orward delivery. J.’nw I wheat is scarce, and meets with good local demand. We quote; lle.st whole fowl wheat, ■"/- to e/ll per bushel (sacks extra). Potatoes. —The new crop is now coming on the market. In most cases the quality is first-class, but the (lovermm-ut inspection of lines for shipment is critical in the extreme, and only thoroughly choice lots have so far lilted their requirements as to condition. We quote: Pest table potatoes, £7 to £7 1 U -; others, jf•; to Idi la - per ton (sacks included). Chaff.— Prime old oaten sheaf is in request, hut lower grades have little demand. Xew el i a IT, if in sound condilb. , meets with fair inquiry. Some con.-ig. nnnts of new chaff are not sufficiently matured, ami arc more or less heated, which makes liiem diidcult io deal with. We quote: P.est oaten sheaf (old). £7, to £i 5,-; medium, £i 10,- to £1 10/-; in-

ferior and-'discoloured, £3 10/- to £4; best new chaff, It 10/- to £1 15/-; medium, £4 to £4 5/- per ton (hags extra). LONDON MARKETS. HIGH COMMISSIONER'S REPORT. BUTTER MARKET FIRM. HIGH PRICES FOR COLONIAL. (Per United Press Association.) WELLINGTON, February 21. The High Commissioner cables from London, February 19 (Note; Quotations, unless otherwise specified, are average market prices on spot.) Mutton and Lamb—The market is firm, with a hardening tendency. There is a good demand for all descriptions owing to a short supply being available for renewal. In more than one instance sellers accepted 5 ,6 d below the official quotation. Canterbury mutton, 7%d for all weights: brands other than Canterbury, not quoted. Ewes, 1 %<l; Canterbury lamb, B),sd for all weights; second grade, 7%d; brands other than Canterburyordinary quality, Bd. A small number of this season's is selling at 3d. Beef —Only New Zealand cow beef is available. Hinds, 6%d; fores, sVbd. Chilled —A little supply of hinds, 7 s / sd; fores, 6%d. The butter market is firm, with a good demand for Colonial at higher prices. The Dapish market is firmer at from 165/- to 168/-. New Zealand—The market is firm, and there is a good demand at from 154/- to 156/-; unsalted, 160/- to 164/-; fair to good quality, 146/to 150/-. Siberian is steady at from 124/- to 130/-. The Argentine market closed strong at from 142/- to 144/-. ■ Cheese —The market is quiet. The Canadian market is quiet and steady at from 30/- to 100/-. New Zealand —The market is quiet and at a decline. White, 95/- to 36/-: coloured, 36/- to 07/-. Fair to good quality, 03/- to 04/-. English Cheddar is firm at from 106/- to 108/-. Cheshire, 114/- to 120/-. United States is quiet and steady at from 96/- to 97/-. Flax—3s/- to 06/-.

Hemp—The Manila market is,, quiet, except for lower grades for which prices have advanced. Coarse was sold at £5;! for March-May shipment. The value of new graded fair is £56. The output from Manila for the week ended February 1!) was HO,OOO bales. New Zealand is also quiet at about: Good-fair, £47; fair, £45 for February-April shipment. Nearer positions command a premium of about 10/-. Hops—The market is firm, but lately there lias been a limited supply. Knglish, 140/- to 130/-. Californian, 99/to 11 5/-. The wheat market is firm, but, on account of high prices, buyers are cautious. Canadian, per quarter, 70/-, on spot; February-Mareh shipment, 68/-. Argentine February-Mareh shipment (per steamer), 68/-; (per sailer), 57/-. Australian February shipment (per steamer) 70/-: (per sailer!, 68/6. The oats market is dull, with a downward tendency. Argentine, on spot, .11/6; afloat, .10/6. The wool market is quiet, but firm. Current quotations for Bradford tops are: IG’s (low crossbreds), 2/1 V*.; 40's (low crossbreds), 2/3 ; 4 4's (medium crossbreds), 2/6: 50’s (halfbreds), 2/11; Ofi’s (quarterbrods), :i/5; 60’s (merinos), 3/8. WHEAT AND VXmOXTB. (By Telegraph—Press Assn. —Copyright) I.OMiOX, February 20. Deceived February 21, !• a.m. The wheat and flour afloat for the Fnited Kingdom is 225,000 quarters, and for the Continent, 1,980,000. Atlantic shipments are 714,000 and Pacific 10,000 quarters. The total for Furope, is 1.185,000 quarters, of which the Argentine sent 106,000.