COMMERCIAL

Southland Times, Issue 18972, 20 June 1923, Page 2

COMMERCIAL

GORE SALE. A POOR YARDING. Only a small yarding was offered in the Gore yards yesterday, and the selling was over in under two hours. No fat cattle were offered and the few pens of stores sold at about recent rates, the market being lifeless. Sheep sold well and prices showed an increase of about 2/- per head on those ruling at the previous sale. Fat wethers sold up to 37/-, while the best price for forward wethers was 30/-. There was a demand for good hoggets which sold from 18/- to 22/6. Fat ewes found a ready market at prices ranging from 20/- to 23/-. Breeding ewes brought good competition and full and failing mouthed ewes ranged from 20/- to 26/-. A line of 4,6, and 8-tooth ewes were sold at 33/-. OTAUTAU STOCK SALE. A comparatively small yarding came forward on Friday last, but there was a good demand, excellent prices were obtained, and the quality was also good. Hoggets were up 2/- to 3/- per head, but the prices for wethers and ewes were on a par with the last sale. There was a good inquiry for the better classes of store sheep. The following are some of the prices: National Mortgage and Agency Co., Ltd.— 28 m.s. lambs, 20/8; 33 m.s. lambs 22/3; 7 cull lambs, 12/-, 86 2-tooth wethers, 28/-; 10 f. and f. ewes, 13/3; and 1 dairy cow, £8 10/-. Dalgety and C 0.—103 hoggets, 20/10; 38 hoggets, 29/5; 42 hoggets, 25/-; 58 hoggets, 27/-; 160 hoggets, 23/-; 70 ewes, 26/-. J. R. Mills and Son.—l2o 2-tooth ewes, 35/3; 208 wethers, 28/1; 101 m.s. hoggets, 22/3; 102 m.s. hoggete, 22/6; 210 m.s. hoggets, 22/-; 100 wethers, 21/2; and 100 m.s. lambs, 21/9. GRAIN AND PRODUCE. Messrs Dalgety and Co., Ltd., (Dunedin) report on June 18 : Oats.—The demand particularly for undergrade oats is easier and we quote: A Gartons 2/11 to 3/-; B Gartons 2/9; undergrade from 2/- per bushel, sacks extra. Wheat.—All lines in milling condition are being readily taken by millers at agreement prices. Fowl wheat has firmed and is realising 4/2 to 4/3 per bushel, sacks extra. Potatoes.—Best tables £ll to £ll 10s per ton. Supplies are short and the market has firmed. Chaff.—Prices are unchanged and we quote: Prime oaten sheaf to £5 10s; good to best feed £4 10s to £5; inferior from £2 10s per ton, sacks extra. Donald Reid and Co., Ltd., report as under:— Oats.—Hie market is steady, and there is a good demand for Gartons, suitable for milling. We quote: A Gartons, 2/11 to 3/-; B Gartons, 2/9. Wheat. —There is a good demand for fowl wheat at 4/2 to 4/3, and millers are keen buyers of all lines in milling condition. Potatoes.—The market is firm and prime lines are realising £ll to £ll 10b per ton. Chaff.—The market for forward delivery is a little easier, but any lines of prime chaff on the spot are meeting with a good demand at £5/5/- to £5/10/- per ton; good to best feed, £4/10 to £5/-; medium light and discoloured, £3 to £4 sacks extra. STOCK EXCHANGE. (Per United Press Association.) CHRISTCHURCH, June 19. Sales reported: National Bank £6 18/6; New Zealand Insurance 29/9; Manning’s Brewery £6 11/-, £6 Jl/6; New Zealand

Drug £3 5/-; Electrolytic Zinc (rights) 11/11, preference £1 11/6. Sales on ’Change:—Crown Brewery £2 15/6 (three parcels), Manning’s Brewery £6 11/6 (two percels) ; Electrolytic Zinc (rights) 11/11. WELLINGTON, June 19. Sales: Bank of New Zealand £3/1/9 (two sales) ; Crown Brewery £2/15/6. Sales reported: Inscribed Stock 1933, £102; P.O. Bonds 1927, £9B 10s; New Zealand Loan and Mercantile (ordinary) £BO (two parcels); National Insurance £4; Huddart Parker (pref.) 20/3; Ward and Coy £2/6/-. AUCKLAND, June 19. Sales: New r Zealand Inscribed 1938, £97 ; Bank of New Zealand 61/6; Union £l5; New Zealand' Insurance 30/-; River Plate 23/-; Loan and Mercantile £80; Auckland Gas 26/8, 26/9; Northern Steam 15/-; Kauri Timber 29/-; Kaiapoi Woollen 23/3; Burns Philip 33/-; Hill and Plummer 22/3; Tonson Garlick 15/3; Waihi 26/3, 26/-. DUNEDIN, June 19. Sales on ’Change: Bank of New Zealand (cum. rights) 62/- (three parcels) 61/9, (two parcels); Sugar of Milk 32/6; Grand Junction 7/-. Sale reported: P. and O. £335. CANTERBURY MARKETS. CHRISTCHURCH, June 19. One of the lines which is still showing activity is potatoes, which have firmed up again. Most of the inquiries are coming from Auckland and are in many cases from over-sellers who are now looking round for stuff with which to meet orders. Seed potatoes are also being inquired for from ~nd. The quality coming forward during the past few days has been quite good, with very few rejections. There is an imnreseion that Auckland merchants are using their best endeavours to force down prices of the local potatoes and as a result, farmers are not showing any particular desire to sell. Many of them in fact, have an idea that they will yet be able to get £lO per ton on trucks, and are not disposed to consider a lower figure. Oats are dull with little indication of improving. Cocksfoot is a little firmer. Advices from London are that higher prices are likely to rule for Danish seed than was the case last year. Seed which brought 7d last year will probably fetch 9d this year. Linseed has been well sought after during the last few days, Auckland being the principal source of demand. METAL MARKET. LONDON, June 18. (Received June 19, 9.35 a.m.) Copper—Spot, £67 6/3; forward £67 13/9. Lead—Spot, £25 10/-; forward, £25 2/6. Spelter—spot, £29/10/-; forward £29 2/6. Tin—Spot, £l9O 2/6; forward £l9O 18/9. Silver, 22 l-16d per stndard oz.