COMMERCIAL

Southland Times, Issue 18990, 11 July 1923, Page 2

COMMERCIAL

WALLACETOWN SALE. A FIRMER MARKET. There was a fair attendance at the fortnightly sale at Wallacetown yesterday. The yardings were small and prices for fat cattle and fat sheep showed a slight advance on those lately ruling. FAT CATTLE.—There were fewer fat cattle forward than for some time past. The yarding was a mixed one, and while it included several pens of extra prime quality bullocks, a lot of medium and inferior sorts were offered. The market was very firm, and the whole of the entry was disposed of under keen competition. Extra prime quality brought up to 32/6 per hundred —the top price for the sale being £l5 12/6. Prime was worth about 30/-, with medium and inferior down to 25/-. Very little cow and heifer beef was offered. The latter sold well and realised up to 26/- per hundred for prime quality and from 22/6 to 25/- for average to good. Cow beef sold at from £1 to 23/- per hundred. STORE CATTLE.—There was a small yarding, and there was a keen demand for good young cattle in forward condition. Any bullocks ready to fatten showed an improved market on prices ruling of late, and s’uld from £4 to £G. A fair number of dairy cows were forward, but met with a draggy sale. One line sold at from £5 10/to £7 15/-; dairy heifers realised from £4 to £5 7/6. FAT SHEEP.—These were in keen demand, and prices all round showed an advance of about 2/6, the small yarding probably being, to some extent, responsible for the keener bidding. Extra prime wethers sold at up to 50/-; prime wethers at from 37/6 to 42/-, and light at from 32/6 to 35/-. There was a fair yarding of ewes, and prime quality brought from 24/6 to 31/3, according to weight and quality. Lighter sorts sold at from 18/- to 22/6. One pen of fat lambs sold at 32/-. STORE SHEEP. —Only a limited number of store sheep were yafded, and prices ruling at recent country sales were maintained. A line of full and failing-mouth ewes changed hands at 23/-. Small store wethers sold at 22/-, and a line of mixed sex lambs realised up to 23/-. The following is a comparison of the yardings at the last three sales:—

GRAIN AND PRODUCE REPORTS. Messrs Dalgety & Co., Ltd. (Dunedin), report as follows: Oats.—The demand for milling and shipping is quieter, and prices have declined further during the week:—We quote: A Gartons, 2/10 to 2/11; B Gartons, 2/8; Undergrade from 2/- per bushel; sacks extra. Wheat.—Prices payable for milling wheat for July are as follows:—Tuscan, 5/2; Hunters, 5/4; Velvet, 5/6; f.0.b., nearest port; sacks extra. Fowl Wheat.—Supplies are short, and the market has firmed. We quote up to 4/8 per bushel; sacks extra. Potatoes.—Offerings from the North have been heavier, and prices have eased. Best tables are realising £lO to £lO 10/per ton. Chaff.—ln the absence of a shipping demand, consignments of prime oatensheaf are being taken by local feeders. Medium and inferior chaff is slow of sale. We quote: Prime oatensheaf, £5 to £5 5/-; good to best feed, £4 5/- to £4 15/-; inferior, £2 to £3 10/- per ton; sacks extra. Messrs Donald Reid & Co., Ltd. (Dunedin), report as under— Oats. —The market is quiet. We 'quote: A Gartons, 2/10 to 2/11; B Gartons, 2/8; Undergrade, from 2/3. Wheat.—Prices payable for milling wheat for the month of July are as follows: Tuscan, 5/2; Hunters, 5/4; Velvet, 5/6, f.0.b., nearest ports; sacks extra. Fowl Wheat.—There is a good inquiry for fowl wheat. We quote up to 4/8 per bushel, ex store; sacks extra. Potatoes.—The market is much easier at presept. Good tables are worth £lO to £lO 10/- per ton. Chaff.—The demand is quiet, and the market is a little easier. We quote: Prime oatensheaf, £5 to £5 5/-; good to best feed, S? 4 5/- to £4 15/-; inferior, £2 to £3 10/per ton; sacks extra. BUTTER AND CHEESE. The National Mortgage and Agency Co., Ltd., have received the following cable from tharir principals, Messrs A. J. Mills and Sons. Butter, 154/- and 156/-. Cheese, 94/- to 96/-. Very little available, owing to dock strike. Prices advanced for anything available for immediate delivery. STOCK EXCHANGES. (Per United Press Association). CHRISTCHURCH, July 10. Sales reported:—Whitcombe & Tombs, £3 12/6. Sales on ’Change: New Zealand Government 4i per cent. Bonds (1939), £97; New Zealand Refrigerating (10/paid, cum. div.), 12/9; Howard Smith, 54/-; Crown Brewery, 54/-. DUNEDIN, July 10. Sales on ’Change:—Bank of New Zealand, 62/6, 62/9; Ward’s Brewery, 46/-. Sales reported:—Waihi (two), )25/3; Ward’s Brewery, 46/-; 5J per.cent. 1941 Inscribed Stock, £97 10/-; Huddart Parker, 45/-. AUCKLAND, July 10. Sales; Soldiers’ Bonds, £lOl 10/-; Bank of New South Wales, £4O 10/-; New Zealand, 62/-, 62/3; Waipa Coal, 16/2; Auckland Gas, 26/6; Kauri Timber, 28/6; Wilson’s Cement, 27/6. CANTERBURY FROZEN MEAT CO. HALF-YEARLY DIVIDEND. CHRISTCHURCH, July 9. The Canterbury Frozen Meat Company has declared an interim dividend of three per cent, on preference shares and four per cent, on ordinary shares for the half-year. TRADE WITH EAST. LITTLE INTEREST IN CHRISTCHURCH CHRISTCHURCH, July 10. A meeting of traders and manufacturers was held to-day to consider how best' to increase New Zealand trade with the East. There was a small attendance. A motion was carried that, owing to the lack of interest shown by the meeting, it would not be advisable to take any action. FOREIGN EXCHANGES. LONDON QUOTATIONS. (By Telegraph—Press Assn.—Copyright.) (Australian and N.Z. Cable Association). LONDON, July 9. (Received July 10, 8.30 p.m.) To the £.

The Exchanges are stagnant owing to the political tension. WOOL SALta. LONDON, July 9. (Received July 10, 8.10 p.m.) At the wool sales practically no Merinos were offered, but there was a good offering

of average quality crossbreds. New Zealand sales —Kaiwarra, 24d; Ugbrooke, 23Ad; H.8.M.C., 25d. The Bradford market is very quiet, with little inquiry for crossbreds and Marinos. METAL MARKET. LONDON, July 9. (Received July 10, 8.30 p.m.) Copper—Spot, £65 13/-; forward, £65 13/9. Lead.—Spot, £24 2/6; forward, £23 12/6. Spelter.—Spot, £2B 7/6; forward, £2B 17/6. Tin.—Spot, £lBl 8/9; forward, £lB2 13/9. Silver.—3l gd per standard oz.

June 12. June 26. July 10. Fat cattle 137 243 125 Store cattle .. 49 169 190 Fat sheep 703 696 317 Store sheep .. 250 449 190

Par. July 4. July 9. Paris (fr) 25.22 75,60 78.80 Christiania (kr) 18.16 28.50 28.27 Stockholm (kr) 18.16 17.23 17.27 Copenhagen (kr) 18.16 26.52 26.10 Berlin (mark) 20.43 895,000 1,325,000 Rome (lire) 25.22 105.25 1081 Calcutta (rupee) 10.00 14.88 16 3-16 Yokohama (yen) 9.76 9.22 25| Hongkong (dol) — 8.88 271 Montreal (dol) 4.86 4.66j 4.681 New York (dol) 4.86 4.55J 4.56 3-16