COMMERCIAL.

Southland Times, Issue 19248, 11 June 1921, Page 2

COMMERCIAL.

THE LOCAL MARKETS. Times Office, Friday, June 10. Hiere is still some activity in the stock market. Fats are not offering so plentifully, and it is anticipated that- there will be a tendency for prices to harden as the winter proceeds. Fat cattle are in fair demand, beef selling up to about 30/- per 100. Sheep of this class are not offering so freely. Wethers are bringing from 20/- to 25/-, and ewes from 12/- to 15/-. Freezing buyers are operating freely on lambs in an endeavour to get as many as possible in before the works close. Store cattle are in fair demand, especially as far as good bullocks are concerned, there seeming to be an abundance of winter feed. Young cattle are not so much wanted. Dairymen are beginning to look out for cows for next milking season and a good many sales are reported at prices ranging from £l2 to £l6. In store sheep there is still a demand for forward wethers. Any lambs being sold are being bought for wintering. OATS. —The market has improved slightly and 2/10 has been freely paid to-day for A Gartons. Good samples of Duns command a penny siore. CHAFF—A good deal is offering and prices range from £3 15/- to £4, the latter being for bright, heavy lines. POTATOES—The market remains in a depressed condition, and there seems little hope of a recovery for some time. Purchases have been made during the week at £3, on trucks, farmers’ sidings. RYEGRASS.—Prices have advanced and some exceptionally clean, heavy lines have been sold at as high as 3/3, on trucks. Lighter and dirtier lines are bringing proportionately less. HEMP. —There is no alteration. PROPERTY SALE. For Messrs H. F. Moss, Ltd. (in liquidation), Messrs McKay Bros, offered by public auction on Friday, June 10, in their rooms, Exchange Mart, Invercargill, on. account of the liquidators of Messrs H. F. Moss, Ltd., Dunedin, the sawmilling plant and leases of the Longwood sawmill. There was a large attendance of interested buyers and bidding commenced at £lOOO, and went up to £1275. This did not realise the vendors’ estimate of the value of the property so it was withdrawn from auction and was sold privately a few minutes after the sale to Messrs McKay & Co., Tihaka.

THE RIALTO. Messrs William Todd and Co., Ltd., report the following sales on Friday, June 10: Poultry—Hens, 2/3 to 3/9; P.B. White Leghorns, 4/- to 6/6; pullets, 8/3 to 10/9; ducks, 2/4 to 3/2; P.B. Indian Runner ducks, 5/8 to 7/3; geese, 3/8; roosters, 2/to 3/-. Pigs.—Keen demand;, suckers, 15/- to £1; weaners, £1 4/- to £1 13/6; stores, £2 14/- to £3; boars, £1 to £3. Horses.—Bay mare, £2O; geldings, £lO 10/-, £7; foal, £3; cow, £6 10/-. Dray, £l3 10/-; best duck horse-covers, £2 2/6 to £2 5/-. Produce.—Prime potatoes, £5 ton; inferior, 5/- to 7/- per bag; Victorian onions, 12/- per cwt; oats, 12/6 to 14/- (bags in); barley, 12/6 to 14/-; chaff, £5 ton; clover hay, £8 ton; ryegrass hay, £5 5/-; pressed straw, £4 10/- ton; swede turnips, 2/6 bag; totara fencing posts, £7 10/-. BRAY BROS.’ REPORT. Messrs Bray Bros. (Invercargill), Ltd., auctioneers and fruit salesmen, Dee street, Invercargill, report as follows for the week ending June 11, 1921: Potatoes.—£4 10/- to £5; slow sale. Onions—'Prime Canterbury, £7 per ton; Victorians to arrive, £9 per ton. Chaff—£s to £5 10/-; 4/- per bag. Wheat—32/6 per bag, s.i. Oats —11/6 to 13/6 per bag, s.i. Oatdust—6/- per bag. Straw —£5 per ton. Hay—£s 10/- per ton. Bran—ls/- per 1501 b bag. Pollard—£l 4/6 per 2001 b bag Meggitt’s Calf Food—27/6 per large bag. Farro Food—lo/6 per bag. Hulled Oats—27/6 per bag. Pickling Onions— per lb. Swedes—2/- to 2/6 per bag. Molasses—l7/6 per cwt, in casks; 12/6 per tin. Muttonbirds—ln kits, lOd per bird. Fruit—Sales have been very slow during the week; the market has been over supplied with pears, good demand for choice dessert apples and cookers. Ripe tomatoes arc selling at from 4d to 6d per lb, but are in short supply. Apples (dessert), Cox Orange to 11/6 per case; cooking apples from 3/- to 6/6 per case; others lower. Pears (dessert) from Id to 2d per lb; cooking to fd. (Tomatoes (green), Id to id per lb; quinces, 3Ad. Vegetables.—Cauliflowers, 6/- to 10/- per, dozen; cabbage, 1/- to 3/- per dozen; pumpkins to 10/- per cwt; melons to 4d per lb. General.—Broadleaf posts, 1/-; totara posts to 1/9; pine posts to 1/- each; escalonia and olearia trees from 3/- per bundle of 15; walnuts, 1/4 per lb. Honey, 8/6 for lOlbs. Rabbit traps, 33/- per dozen. Horsecovers, felt lined, £2 17/6; jute lined, 30/to £2 12/6. Cow-covers, green waterproof ducks, 32/6 down to 25/- for jute canvas. Firewood in blocks, delivered, 21/- to 24/per load; orders taken. Tea, in 51b tins or packets, from 7/6 to 11/-, and in 101 b packets from 17/6 to 22/6. Lepp’s salt lick —We are o. and s. agents for this lick, price 2/3 per brick or in wholesale quantities 2/- per brick. We have large stocks of shovels, forks, wire-netting, wringers and picks to be cleared at reasonable prices. Two motor cycles for sale at low prices; also a flax scutching machine, 2 sets of Storrie’s ridgers £32 each. Barb wire, 22/6 per coil. We held successful sales of boots, drapery, and clothing. Furniture—Steady sales in all lines of solid oak and rimu furniture at our Spey street warehouse. We have had a large -turnover in linoleums and have had good demand for Samarang kapok, seagrass chairs and mats, and also a big demand for wicker chairs. Inspection invited.

Land Department.—We have as a going concern: 100 acres situated within 8 miles of Invercargill. 5-roomed house, h. and c. water, good outbuildings, stock and general farm equipment, in tip-top order, at £37 10/9 per acre. This is a good walk-in-walk-out proposition at a reasonable price. Blacksmith Business: £3OO walk-in-walk-out —This is a snip for the right man. Fruit and confectionery business in good position —worth inspection. Farm, 290 acres firstclass land. 15 acres bush. This is offered at a very low price. Bray Bros. (Invercargill), Ltd., agents. CANTERBURY MARKETS. (Per United Press Association.) CHRISTCHURCH, June 10. According to merchants there has been quite a stir in the local markets during the past few days, the shortage of wheat being the cause. It is stated that in spite of anticipations to the contrary, there will not be enough wheat on hand to fulfil all requirements. Consequently there is a keenness to secure as much as possible right away. The reduction in the freight on oats has livened up business in this connection, and the prices that have lately been obtained are being kept up. This applies only to Gartons, which is the only line wanted at Home. Chaff went up recently in sympathy with oats, but the demand for both lines is poor, no shipping business being recorded at present. What little South Island seed there is going to the North Island is being shipped from Marlborough, where the seed is said to be much better than in Canterbury this year, and lower in price. Barley is described as practically dead. Linseed has lately been showing signs of life at increased prices, consequent upon merchants over-selling and having to pay higher prices to t the stock with which to fulfil orders. The business has only a

local application, however. It is stated that up to 13/- was paid during the week for a line of linseed. CHRISTCHURCH WOOL SALES. BRISK BIDDING. CHRISTCHURCH. June 10. Eight thousand bales were offered at the fifth wool sale of the season this morning. Bidding was brisk, especially for finer wools, but it was somewhat irregular. About 40 buyers were present, Continental and English firms being represented, and it seemed that a good deal of the purchases were for export. Super merino brought 11 jd to 13Ad; medium, 9d to lid; super halfbred, to 12d; medium, 8d to 9sd; super crossbred, 7d to 9jd; medium, 5d to 7d; super Ihreequarters, 7|d to 9Ad; medium, 6}d to 7Ad; Corriedales, super, 94d to lOJd; first halfbred pieces, 4jd to 6|d; crossbred pieces, 2|d to 3id. A SATISFACTORY CLEARANCE. (Special to the Times CHRISTCHURCH, June 10. A full bench of buyers assembled at the fifth wool sale of the season to-day, when a catalogue of 8000 bales was submitted. In accordance with the decision of the Wool Brokers’ Association the quantity was limited, and the wool offered was practically restricted to the wool in store when the sales were suspended some months ago. The B.A.W.R.A. reserves were generally adopted as a basis of valuation, and from the outset competition was keen from Bradford, Continental, and local mills. Over 70 lots had been submitted before a line was passed. Out of the first catalogue of 1892 bales only 155 were passed at auction, and the clearance was much on these lines. There was a better demand for halfbreds sl>ccially at improved prices. All leading classes of fleece wool sold better, and though the prices do not read much higher than at the February sale, there was a distinct. improvement in practically the three leading classes. Medium qualities were more affected than probably were super lots. Fellmongery lots did not go off as well as at the earlier sales. THE VICTORIAN MARKETS (By Telegraph.—Press Assn.—Copyright.) (Australian and N.Z. Cable Association.) MELBOURNE, June 10. The hides market is firm at an advance of a farthing to a halfpenny all round. Barley, English. 4/3 to 4/4; Cape, 3/3 to 3/4; oats, 2/4 to 2/6; potatoes, £4 to £5; onions, £2 10/- to £3. LONDON MONEY MARKET. LONDON, June 9. (Received June 10, 5.5 p.m.) Consols, 46. War loans, 3£ per cent. 88, 5 per cent. 881. Commonwealth, 5| per cent. 99, 5$ per cent. 95J. Victorian 3Vs 86J, 3i’s 56, 3’s 625. New South Wales 4’s 76, 3’s 675, 3A’s 64J, 53’9 96, 6J’s 102}. Queensland 4’s 89, 3£’s 874, 3’s 56}. New Zealand 4’s 84f. South Australian 3}’s 68, 3}’s 52. The short loan rate is 5 per cent.; three months’ bills, 5j per cent. LONDON MARKETS. LONDON, June 9. (Received June 10, 5.5 p.in.) Wheat is quiet at about late rates. Flour is slow. Australian ex store, 63/6 to 64/-. Oats are steady. New Zealand ex quay, 43/-. Peas and beans are quiet and steady. Sugar is declining; granulated 61/-. FOREIGN EXCHANGE. LONDON, June 9. (Received June 10, 5.5 p.m.)

LONDON WOOL SALES. COMPLETE CLEARANCE EFFECTED. LONDON, June 9. At the free wool sales there was a good selection of scoured and greasy merinos. Some fine Tasmanians were in strong demand. The Germans were the largest operators. Everything jvas sold at full opening rates with occasionally a slight advance. There was a good home and Continental demand for crossbreds at full rates. “Dunlop” top price 36d, average 33jd; “Ead” and 244 d; “Toorale” 40d and 33d; “Boatman” 30$d and 29d. At Bradford there was a good tone, but the coal shortage is affecting business. Sixty-fours 42d; 60’s 38d to 39d‘; 50’s 22d. BUTTER AND CHEESE. LONDON, June 9. Butter is quiet and unchanged. Cheese is flat. New Zealand white, 115/to 116/-; coloured, 106/- to 110/-. Australian nominally, 100/- to 110/-; Canadian about 98/- to 104/-.

VALUE FOR £. Par. June 6. June 9. Paris (fr.) 25.22$ 47.17 47.27 Christiania (kr.) 18.150 — 25.60 Stockholm (kr.) 18.150 16.91 16.89 New York (dot) 4.87 3.80$ 3.68 Montreal (dol.) 4.80 4.27 4.18 Berlin (mark) 20.43 252 254 VALUE OF FOREIGN UNIT. Calcutta (rup.) 16 • 15}d 154d Yokohama (yen) 14M 29Sd 29jd Hongkong (dol.) 24}d 30d 30id