COMMERCIAL

Southland Times, Issue 18975, 23 June 1923, Page 2

COMMERCIAL

WINTON STOCK SALE. i The usual fortnightly stock sale at Win- [ ton last Thursday was held in boisterous • weather, there being consequently a small , yarding consisting mostly of hoggets. ’ Prices all round were quite up to those ruling at present. A line of 200 2, 4 and j 6-tooth ewes, sold by J. G. Ward and Co., I topped the market, selling at 34/1. i Wright, Stephenson and C 0.—22 fat ewes 22/-, 65 f.m. ewes 19/5, 119 m.s. lambs 23/9, 112 do 20/6, 5 lambs 23/-, 70 wethers 28/6. • National Mortgage and Agency C 0.—75 [wether lambs 217-, 27 m.s. lambs 19/1, 63 do 21/3, 26 f.f. ewes 18/-, 75 do 18/1, 116 cull ewes 10/3. Dalgety and C 0.—292 m.s. lambs 21/2, 37 cull lambs 17/-, 23 ewes 18/9. 48 f.f. ewes 16/11. Messrs Wright, Stephenson and Co. Ltd., report a very small entry of stock for this sale, the exceedingly bad weather probably being the cause. The stock offered, however, met with good competition, and realised good prices. The following is a list of our sales:—22 fat ewes at 22/-, 65 ewes at 19/5, 119 m.s. lambs at 23/9, 66 store wethers at 28/6, 112 m.s. lambs at 20/6, 5 lambs at 22/6. The Southland Farmers’ Co-operative Association, Limited, report a small entry of stock at the Winton sale on Thursday. There was a large attendance of buyers, and prices were very firm, for all classes of store sheep. The following are the sales effected by us:— 37 f and f ewes 14/-, 121 ewe lambs 23/5, 15 wethers 26/6, 30 s m ewes 30/-, 39 w lambs 22/-, 24 fat ewes 21/-, 23 f and f ewes 16/-, 42 fat lambs 27/-, 13 wethers 28/6. Cattle:—l dairy cow £6 12/6, 1 do. £8 5/-, 2 bullocks £7 15/-, 12 do. £4 10/ , 3 steers £1 15/-, 2 do. £1 4/-, 1 do. 10/-, 1 heifer £7, 1 do. £3 12/6, 8 heifers £4 6/-.

TALLOW MARKET. Messrs Dalgety and Company, Limited, report having received the following advice from their head office, London, under date the 20th instant. Tallow: Market opened quiet, closed firm. 1440 casks offered, 1170 casks sold, unchanged to 1/- dearer. Fine mutton 42/-, good 41/-, good mixed 40/6 to 41/-, gut 36/- to 36/6. Ducroz, Doxat and Co., London, are selling on the 3rd, 12th and 18th July. CANTERBURY MARKET. CHRISTCHURCH, June 22. The ven' heavy rains which have been experienced in the country during the past few days will have the effect of stopping all delivery. As far as the potato market is concerned the supply is already slackening off to some extent but several steamers are expected to convey shipments north during the week-end. The Auckland market continues firm and enquiries have been received from the south, good sales having been effected at as high as £9 on trucks (mid-Canterbury), for f.a.q. This is an increase of about 20/- per ton on previous sales, the ordinary price being £9 f.0.b., sacks. The firmer tone of the southern market argues well for mid-Canterbury potato growers and means a great deal more than people seem to realise. In past years Otago potato growers have been strong competitors with Canterbury but with the evident failure of the southern crop it looks as if the whole of the New Zealand potato supplies will be drawn from midCanterbury and will consequently somewhat strain the local market. The consensus of opinion is that the New Zealand potato market must be augmented by supplies from outside centres if the supply is to be maintained. The onion season is practically over so far as export is concerned. There still remain a few supplies for local consumption. There is little fresh to report with regard to the seed market. There is a faildemand for cow grass and as high as 1/has been paid to iarmers. White clover is little weakerMi anything, and some merchants are inclined to disperse with high priced stocks, in view of the fact that Europe may be quoting cheaper seed in the future. Sales have been made of 16 to 17 lb, cocksfoot at B£d per pound for prompt delivery. There is a better tone in this market generally although prices offered to farmers remain unchanged.. The market, however, is expected to brighten in July. There is a good demand for good milling wheat, which is readily accepted by all buyers. Fowl wheat is in fair demand. Oats are dull and there is very little life in the market. The same applies to chaff.

STOCK EXCHANGE. (Per United Press Association.) CHRISTCHURCH, June 22. Sales reported: South British Insurance 39/9; Manning’s Brewery £6 12/6; White combe end Tombs 72/6; Waihi Grand Junction 6/9, 6/11. Sales on ’Change: National Bank £7; Goldsbrough Mort (cum div) 48/9; Manning’s Brewery £6 12/6; Ward’s Brewery 14/-; Electrolptic Zinc Rights 11/10. DUNEDIN, June 22. Sales on ’Change: —National Baur. £6 19/9, £6 19/6; Grand Junction, 6/9; Union Steam (pref.), 20/6; Nokomai Hydraulic, 2/-; Waihi, 26/- (two sales). MEAT PRICES. PRODUCERS’ BOARD REPORT. WELLINGTON, June 22. The New Zealand Meat Producers’ Board advises that the following prices were being offered on June 21:— Auckland—Wethers 641bs and under 54d; prime woolly lambs 421bs and under 84d. Poverty Bay—Wethers 641bs and under 6d; prime woolly iambs 421bs and under BJd; prime ox beef 21/- per lOOlbs. Hawke's Bay—Wethers 641bs and under 64d; prime woolly lambs 421bs and under 9fd; prime «'-• 2O- per lOOibs. Wanganui—Wethers 641bs and under 5-fd; prime wxx>uy lambs 421bs and under 9d; 431bs ana gv .^5: second Quality lambs Bd. Wellington—Wethers 641bs and under s id; prime woolly lambs 421bs and under 9d; 431bs and over 8d; second quality lambs Bd. Canterbury—Wethers 641bs and under 7d; prime woolly lambs 421bs and under second quality lambs lOd. Southland—Wethers 641bs and under 6d; prime woolly lambs 521bs and under 9£d; second quality lambs 9d. AUSTRALIAN MARKETS. (By Telegraph—Press Assn. —Copyright). (Australian and N.Z. Cable Association.) MELBOURNE, June 22. Hides: Owing to their wet condition the market generally is a farthing lower. Barley. —English, 3/9 to 3/10. Oats 3/7 to 3/9. Potatoes £9 5/- to £lO. Onions £3 7/6 to £3 15/-. Oats. —Tasmanian, Algerian, 4/6, 4/7; white 4/6, 4/8; New Zealand 4/6, 4/8. Maize: Local yellow 6/6, white 6/3; South African 6/4. Potatoes: Tasmanian £8 to £l2 10/-; Victorian £l2 10/-. Onions: Victorian £5 15/- to £6. ADELAIDE, June 21. Oats: Purely nominal. LONDON STOCK EXCHANGE. LONDON, June 21. (Received June 22, 5.5 p.m.) P. and O. £3lO, £320. GOVERNMENT STOCKS. LONDON, June 21. (Received June 22, 5.5 p.m.) Consuls, £5B 5/-. War Loans, £9l 5/-, £lOl 2/6. Conversion £80; Commonwealth £lOl, £lO6 7/6; Victorian £97, £75, £Bl £lo3 10/-;

New South Wales 4’s £9l 7/6, 6’s £105; Queensland £97 7/6, £97 2/6, £B9, £92 15/-, £lO5 7/6; New Zealand 3’s £77 10/-; South Australian £B5 2/6, £65, £109; Tasmanian £B5 5/-, £79 15/-, £lOB 7/6; West Australian £B7 10/-, £Bl 15/-, £lO4 10/-. BRITISH MARKETS. LONDON, June 21. (Received June 22, 5.5 p.m.) Butter: The market is very dull and there is little demand for Colonial owing to heavy supplies,of Danish which is offering at about 154/- per cwt. The arrivals from France, Holland and Ireland are inceasing. Imports for May were 541,000 cwt. New Zealand choicest salted 152/to 154/-, unsalted 144/- to 156/-; Australian 144/- to 146/-. Very little choicest is offering. Secondary Australian is quoted at 130/- to 13C/-. Cheese: Spot supplies are scarce. New Zealand white 90/- to 92/-, coloured 90/-. 114,000 crates of fresh are due to arrive at the week-end for which importers are asking 81/- to 86/-. Australian is practically cleared at 82/- to 84/-. Wool: The Bradford market is stagnant. Quotations are unchanged. WHEAT PRICES. POSITION IN U.S.A. NEW YORK, June 21. The Wheat Conference at Chicago rejected by a two to one vote a resolution providing for the establishment of a grain corporation for the purpose of buying all American farmers’ wheat whin the price descended to 150 cents. It was the opinion of the Conference that wheat prices would be stabilised, but by an increase in domestic consumption, rather than by Government subsidy.