COMMERCIAL

Southland Times, Issue 17793, 24 July 1916, Page 4

COMMERCIAL

THE RIALTO. Messrs William Todd ami. Co. report the following sales: — Poultry—Hens, 1/9 to.il/-u.pullet3, 3/to 6/-; Black Orpingtons, 3/6 .to 1 roosters, - to 3/-, Minorcas, 5/-: White Leghorns (laying), 5/- to 5/3: Wyandotte®, 3/- to 6/-; ducks, 3/- to. 1/4. Pigs—Largo entry. Suckers, 11/- to , 14,-; weaners, 15/- to 32/6:, stores, £1 14/- to £1 19/-: porker, £3 4/-. • • Potatoes —Prime table, £7 to £7 10/-? medium quality, £.4 JO/- to £5 10/-; small potatoes, 3/6 to 3/6 bag; oats, 6/9 to 11/- bag; wheat, 14/- to IT/- bag; carrots. 3/- to 4/6 hag: turnip.-, 1/6 to -/- bag; dray and harness, £33 5/-: springcart, £5 17/6. BRAT BROS., LTD. Messrs Bray Bros., Ltd., submit their weekly market report as follows; — Potatoes — quality, £7 10/- per ton. Unions —Extra prime, Victorian, S/6 cwt. Chaff—Discoloured, 1, - to 1/3; prime, £3 15/- to £4 ton. Oats —l'i,/G to 11/6 sack. Wheat—ll/6 to 15/6, prime quality. Pollard—l 3/6 sack. Bran—B/6 sa^ck. Pressed ,Hay—Ryegrass, £3 10/-; clover £5 ton. Pressed Fescue —£3 10/- ton. Pressed Oaten .Straw —£3 ton. Wheat Straw—£2 10/- ton. Molasses —6/6 cwt in casks; »/- tin. Vegetables—Cabbage, 4/- sack; carrots, 3/- sack; parsnips, 7/- sack; 2/6 small hag; swedes, 1 ■ 6 sack. Pruit—Dessert apples, 2 : q d to 3d; cooking apples, 2 , / ifl to 3-’ < d: good demand lor good coloured apples. 1 loner-—(v.l to 6'/-d for bulk; 6/- for 101b tin's. Poultry—Hens, 1/6: roosters, 1/6; Butt Orpingtons, 3/9. Pigs—Good enquiry for stores. Horse Covers —23, 6 to 30/-, according to quality. Cow Covers—.l 16 to 12/6 each. Purnlture. —We have to report a very busy week in this department. Extra [good value at lowest prices is a sure thing witli us. I EXCHANGE SALE ROOKS. .Messrs McKay Bros, report the following prices ruling during the past week;— Poultry—Small entry: good demand. Geese, to K,-; roosters, 2/- to 2/6; hen-, I 'D to 2/t. Pigs—Small entry. Demand very keen. Suckers, 12 - to 16,'-; weaners, 18/- to 25/-; stores, 30/. to 40/-. J-Tuit—Demand for all kinds keen, and supplies of apples especially are not equal to the demand. Oranges,’ 16/-: lemons, IT'S; mandarins, 18/6; pines, 14 '6; passions, 10, -: apples (dessert), 3d to 3 l ,id; cooking, 2d to 2V.d. General Produce —Supplier. of oats came to hand in fair quantities,’ but the demand is still keener than the supply. Best feed, 11/- to 13/-; medium, 9/- to 10,-; musty, 6 7 - to-8/-; wheal, prime, 15/-; broken wheat, 11/6. Supplies of wheat wanted. Chaff, second ■ grade, to hand in large, quantities; prices, 2/- to 2/6 per bag; ’prime, £4; onions (prime Victorian), S/- per cwt; oat dust, 4/6 bag: bran, S/6; pollard, ‘ 1~3A; swedes, 2/-: carrots, 3,.6 sack; parsnips, 6/6 sack. Potatoes—Fair quantities coming- forward, and prices, in sympathy with the north, are slightly easier. Ex. store, £7 for prime; medium, £5 10/- to £6. Seed of all kinds arc in demand'and wanted. General Lines—As expected, horse ami cow covers have become scarce. We are now clearing out remaining stocks. Prices, 32/6 to 35/6 for, horse covers: 11/6 to 12/6 for cow coters. Honey, prime. 3/9 (101b tins); Exchange tea, 7/9. .Furniture —Special points worthy of mention are our exceptionally large stocks ami low prices. We furnish homes complete. INVERCARGILL HORSE MARKET. .Messrs Wright, Stephenson and Co., Ltd., report having held their usual weekly sale on Saturday, and had a smal- I ler yarding than usualy, only about 23 horses of all descriptions coming forward. The majority of these were draughts of a fair to medium elass, nothing specially good being offered. The same applies to flip light horses, which were a t cry indifferent lot. The-attend-ance was not a large one, but included more buyers than we have had present for some time, and at least four buyers went away without getting supplied. Farmers having good horses for sale should bring them forward without delay. Wc sold draughts at £29, £27 10/-, £22, two at £ I v each, age-d sorts £l7 downwards. We quote draughts, good, £25 to £3O; extra to £4O; ordinary £l3 to £33: aged and stale, £l3 downwards. Blacks ami harness horses—Big sound reliable young horses of Hits class are scarce, and arc enquired for, but weedy and aged crocks are not wanted. MONET MARKET. The hanking returns for the .lune quarter (says the New Zealand Trade Review! reveal the fact that money is still In abundant supply, there being an improvement in the quarter of over a million, as shown in the following compari. son of deposits and advances: — .June, 1916. March. HU6. June, 1913 £ £ £ Deposits 33,1 61,890 31,37 1,053 38,6 43,135 Advances 24,368,3 1 1 23,733,893 23,123,373 * Deposit-: 8,503,3 49 7,3-40,160 5,321,579 The increase in the surplus of deposits is £1,353,359 in the quarter and £3,67 1,970 in the year. The present positions is that the banks are holding far more funds Ilian they can prudently employ within the dominion, but in the face of this the Government proposes to restrict the use of this surplus, and enforce the employ-

ment of such funds within the dominion. These figures -point to a continuance of a plentiful supply of money for some time to come. Our exports for the latest twelvemonth are about eleven millions more than'our Imports, which Is a very handsome surplus,'and a'.l available Indications point to a continuance of a splendid surplus on the trading account. The sheep returns given on another page show a nominal decrease of abemt one per cent., but in all proba.bility the final returns will not show any decrease, which is highly satisfactory after exporting over 25 per cent, of our flocks, and this is a very important factor in the general prosperity of the dominion. DUNEDIN MARKETS. GRAIN AND PRODUCE, RUNBDIN, July 23. Few oats are on offer. There is a fair enquiry only from the Xorth Island at present rates, seeing that merchants there state that they can buy more cheaply from Bluff. A fair quantity is in stores in Dunedin, but these are firmly held for higher values. A Cartons are quoted at 3/- to 3/1, f.0.b., s.i„ sacks In. but the business at the latter price is not of large compass. B’s and A sparrowbills are quoted at about Id less, and black oats at 2/11 to 3/-, f.0.b., sacks in, at country sidings. A Gartens are quoted at up to 3/7, and B's 2/8, with farmers not too keen to offer. There is not a great deal of chaff coming forward—about sufficient to meet requirement*. All sound lines are readily picked up. Best oaten and wheaten straw meets with a good demand at quotations. Prime potatoes are not too plentiful. Sufficient are available, however, to meet local requirements. Most of the shipping business is being done from Canterbury, in fulfilment of forward business. ■ The potatoes in Canterbury are not of such good quality as the Otagogrown, it being stated that they have a yellow colour after being cooked. A good many are yet in the country in pits, but it remains to be seen how they wlil turn out. Holders of tubers in Dunedin stores are inclined to get' rid of their stocks, in quantities,,to saye the cost of picking over. A large line was sold during the week at £7 10/-. The market, taking it all round, is a little easier, £7 15/- being the price for choice lines only. Eggs are in short supply. Prices are firm at 1/7. Dairy butters are slightly easier in price. Bacon also shows a small decrease in values. . Current wholesale prices are as follow: Chaff—Prime oaten sheaf, £4 to £4 5/-; medium to good, £3 10/- (sacks extra). Hay, about £5. Straw —Oaten £2 10/-; wheaten, to £2. | Potatoes —Prime, £7 10/- to £7 15/-; medium lots, £6 to £7. TTMARtf MARKETS. TIMARU, July 22. Locally-grown oats have ceased offering, and seed and feed requirements are now being drawn from Otago and Southland. Local oats are quoted to-day at 2/6 on trucks, country stations, for feed, and 2/9 7or seed linos. These prices, however, arc merely nominal. Oatshoaf chart is in good demand at £4 to £1 5/- per ton, on trucks, at country stations, with very little offering. Potatoes are lower in price than they were a week ago. Advices from consuming centres indicate great weakness. Auckland correspondents state that merchants are pushing sales at a loss, as a result of very heavy shipments Just landed ex s.s. Te Anau and s.s. Korimiko, from Canterbury. As is usual on a falling market—the potato market especially—-growers arc now more inclined to push sales; and in view of the fact that very shortly re-sorting will be necessary, it is expected that a good many lines will bo on the market.’ To sell to-day to the XorLh Island merchants could not afford to give more than £6 on trucks at country stations; but those who are committed to forward contracts might be able to give a little more. AUCKLAND MARKETS. AUCKLAND, July 22. Potatoes —Several shipments have arrived, but the market is not over-sup-plied. Tiie Island steamer will be taking a good quantity this week. Fortunately the quality is showing a little improvement now that the potatoes are coming out of the pits, instead of ex store, ami they are apparently being carefully picked over before shipping. Price Is firm at £9 te/-, ex store. Oats —The market is still fairly firm, hut it is noticeable that shippers in the .South are not adopting such an independent attitude as they were a few weeks ago. Offers are more plentiful, fair quantities being regularly railed to Dunedin and the Bluff for shipment. Seed Oats—’The Algerian seed by the Kona arrived in splendid condition, coming to a good market. This is the last shipment to be imported from Melbourne this season. Demand this week is slow owing to the heavy rain, but it is anticipated that there will be a big enquiry during August, tlie, principal month for sowing oats. Chaff —Market is firmer in Canterbury, but this is not of much interest here this season, as no Southern chaff is being imported except'from Marlborough. A.notlier shipment of Blenheim chaff is landing at Onehunga tills week, and it comes to a good market. Very little local is coming in. THE MARKETS. LONDON, July 21. Copper, £9O 5/- to £SB 3/-; electrolytic £l2l. . .. Lead, £2B to £27. Snelter, £sl to £47. Tin, £166 12/6 to £166 17/6. Silver, 39jad per oz.