COMMERCIAL

Southland Times, Issue 19172, 16 February 1924, Page 2

COMMERCIAL

‘ BALFOUR SALE. LIVE STOCK MARKET. The first sale this season was held at the Balfour yards on Thursday in fine weather. The attendance was good, and the yarding comprised <3016 sheep, the biggest proportion of which. consisted of lambs. Some fat lambs of good quality were forward, and a pen of extra good ones made 34/3, while others'made"3l/37''Fat ewes realised* 20'/-’. Good rape. lambs were quitted at from 20/to 25/7, and lighter sorts from 14/- to 18/3. Store wethers changed hands at from 24/3 to 27/6. A few pens of aged ewes were offered and realised up to 12/11. THE MEAT TRADE. LONDON MARKET QUOTATIONS. Dalgety & Co., Ltd., report’ having received the following advice from their head office, under date of February 14, regarding the London frozen meat “Quotations N.Z. prime crossbred,Xamb z< Canterbury heavy’TUd, light lljjd, North Island heavy lid, light 11. Id; demand for N.Z. lamb poor owing to cold weather. Quotation N.Z. prime crossbred mutton, North Island heavy 7Ad, light BJd; demand for N.Z. mutton limited. Quotation N.Z. prime ox beef, hinds 41d, fores 3£d; demand for N.Z. beef good owing to cold weather. Market for N.Z. lamb, prices weak, and look like going lower; N.Z. mutton, any change is in buyers’ favour; N.Z. beef firmer. Quotation good average quality crossbred lamb, Australian light lOd; do. mutton, Australian heavy 6-}d, light 6j'd; demand for Australian lamb poor; demand for Australian mutton fair. New Zealand quotations for new season’s,” supplies • plentiful; this week sales are being forced in anticipation of decline.” SHEEPSKINS. THE LONDON SALES. Dalgety & Co. report having received the following advice from their head office, London, under date of February 14:—“The sheepskin sales opened with good attendance of buyers and an active demand. American, Continental and English buyers are operating. As compared with last sales’ closing rates: Merino are 10 to 15 per cent, higher; New Zealand fine crossbred 15 to 20 per cent, higher; New Zealand medium and coarse crossbred 20 per cent, higher; and crossbred shorn pelts 25 to 30 per cent, higher.” TALLOW. PRICES SLIGHTLY LOWER. Dalgety & Co., Ltd., report having received the following advice from their head office, London, under date of February 13: —“At the tallow sales this week 555 casks were offered, of which 385 were sold. As compared with last week, prices are from > 3d to 6d lower.” DAIRY PRODUCE. MARKET DECLINING. Messrs Dalgety and Company, Limited, report having received the following advice from their Head Office, London, under date of the 13th inst:—“London Dairy Produce Market: Since our last wire—Butter is 4/lower, and cheese 3/- lower.” THE WOOL MARKET. POSITION IN LONDON. Murray Roberts & Co., Ltd., are in receipt of the following wool market quotation from their London agents, -dated February 1-3 : Present Opening Price, of Series. 56’s yielding 60 per cent. 30d 30d 50’s yielding 65 per cent. 25d 25d 44/46’s preparing yielding 74 per cent 174 d 17d 44/46’s carding yielding 72 per cent 16 id 16d 40/44’s yielding 73 per cent. 16d 15d 36/40’s yielding 75 per cent. 15d 14d Dalgety & Co.’s cable states:—“The London wool sales closed firm. As compared with last sales’ closing rates Merino wools, good greasy, 2ld to 3Ad higher. Merino wools, other descriptions, 2d to 3d higher. Half bred wools, 24d-to 5d 'higher. Fine crossbred, 24d to 4d higher. Crossbreds, medium quality, 3d to 3|d higher. Crossbreds, coarse, 2d to 3d higher. Crossbreds, scoured, 3d to 4d higher. Slipe crossbreds, 4d to 6d higher. Crossbred lambs, 3d to 4d higher. “In all 118,859 bales of free wool were offered, including 70,963 Australian, 36,664 New Zealand, 8000 Cape, 2225 South American, 1007 sundry, and 55,100 Bawra; 163,000 bales were sold as under:—BB,ooo bales were for Home trade! 69,000 bales for the Continent; 6000 bales for America. The carry-forward is 10,000 bales, of which 4000 bales-were not offered. The following is the range of prices:— Merino — Good to super .. .. 30d to 34d Low to medium .. ,26dto28Ad Halfbred, 56/58’s — Good to super .. .. 29d to 32d Low to medium .. .. 25dto27Ad Halfbred 50/56’s Good to super .. .. 27|dto29Ad Low to medium .> v . 22d to 26d Fine Crossbred 48/50’s Gooit to super .. .. 24dto27£d Low to medium . . .. 19d to 23d Fine Crossbred 46/48’s Good to super .. .. 21|d|to24d Low to medium .. .. 17d to 20Ad Crossbred 44/46’s Good to super .. .. 19dto20Jd Low to medium .. .. 16Jd to 18Ad Crossbred 40/44’s Good to super-.. .. 17Adtol8Ad Low to medium . . .. 15 Ad to 17d Coarse Crossbred 36/40’s Good to super .. .. 16d tol7d Medium to good .. 14Ad to 15Ad THE SHAREMARKET. YESTERDAY’S TRANSACTIONS. (Per United Press Association.) CHRISTCHURCH, February 15. Sales reported: Union Bank £l4 12/6; South British Insurance 39/9; Waihi Mining 32/-; Mount Lyell Mining 22/-. S&les on ’Change: Bank of Australasia, £l3 8/6; Huddart Parker 42/6; Manning’s Brewery 28/3 and 28/6. DUNEDIN, February 15. Sales: Bank of Australasia £l3 5/-; Bank of New Zealand 53/6; New Zealand Breweries 23/3; Mount Lyell 22/-. Sales reported: New Zealand Breweries Stock 21/-; Bank of New Zealand 53/6; Union Steamship (pref.) 20/-; q per cent. Inscribed Stock, 1929, £97 10/-. PRICE OF MEAT. NEW ZEALAND RULING QUOTATIONS. WELLINGTON, February 15. The Meat Producers'- Board advises that the following prices are being offered for fat stock for export. Auckland: Wethers, 641bs and under, 6d lb; ewes, 641bs and under, 4|d lb; prime woolly lambs, 42lbs and under, Bid lb; 43 lbs and over, B|d lb; second quality lambs, Bjd lb; prime ox beef 20/- per lOOlbs. Poverty Bay: Wethers, 641bs and under 6d lb; ewes, 641bs and under, 4Ad lb; prime woolly lambs, 421bs and under, B|d lb; prime ox beef 20/- per lOOlbs. Hawke’s Bay: Wethers, 641bs and under, 6|d; ewes, 641bs and under, 4|d lb; prime woolly lambs 421bs and under, 9£d lb; second quality lambs, B£d lb; prime ox beef, 20/- per lOOlbs. Wellington and Wanganui: Wethers, 64 lbs and under, 6Jd lb; ewes, 641bs and under, 4sd lb; prime wooly lambs, 421kp

and under, 9Ad lb; 431bs and over, 9d lb; second quality lambs, BAd lb; prime ox beef, 20/- per lOOlbs. Canterbury: Wethers, 641bs and under. 6id lb; ewes, 641bs and under, 5d lb; prime woolly lambs, 421 b and under, 10 3-8 d lb; 431bs and over, 9£d lb; second quality lambs/9 3-8 d lb. Southland: Wethers, 641bs and under, 61d lb; ewes, 641bs and under, 4|d lb; prime woolly lambs, 421bs and under, 9Ad lb; 431bs and over, 9d lb; second quality lambs, 84d lb. HOME WOOL MARKETS, * BRADFORD QUIET. ’ (By Telegraph—Press Assn—Copyright.) (Australian N.Z. Cable Association.) LONDON, February 15. Bradford tops and crossbreds are active. Not much business is being done in Merinos, which are quietly firm with a good undertone. Sixty-fcur’s quality 69d; 56’s 47d; 50’s 38d ; 46’s 24d; and 40’s 21d. HIDES. THE VICTORIAN MARKET. MELBOURNE, February 15. At the hides sale bidding was general. Heavies and stouts were firm at late rates, but lighter sorts were easier in demand. AUSTRALIAN MARKETS. LATEST QUOTATIONS. MELBOURNE, February 15. Oats: Tasmanian Giants 5/4, Algerian 4/4 to 4/6. Maize: South African 5/3 to 5/6. Potatoes £7 to £lO. Onions: Victorian Globes, 10/-. ADELAIDE, February 15. Oats, 3/2 to 3/3.