COMMERCIAL

Southland Times, Issue 19279, 25 June 1924, Page 2

COMMERCIAL

WALLACETOWN SALE. SMALL YARDING OF SHEEP. The Wallacetown sale was held yesterday in wintry weather. The yarding of cattle was maintained at a level about the average of the past few sales, but there was a big falling-off in the yarding of sheep. The figures are as follows:

Fat Sheep.—There was a very small yarding compared with those of late, and prices showed an upward tendency, but not to the extent that might have been expected considering the small yarding. Some very prime quality wethers were yarded, but not many heavy-weights, and these met with a ready sale to butchers and exporters at prices slightly in advance of those ruling at the past two sales. A few good ewes were yarded, and these met with the usual competition. No lambs were yarded. Prices were as follows:—Extra prime wethers up to 48/-; good heavy wethers, 38/to 42/-; medium to good, 35/- to 37/6; extra prime ewes up to 30/-; medium and good, 22/- to 26/-. Fat Cattle.—There was a heavy yarding, equal to about the average of the last three sales, consisting to a large extent of cows and heifers, a large part, of which was medium to inferior quality. Extra prime heifers met with a good sale at prices ranging about 30/- per hundred, but good cows and steers were in slack demand. The prices throughout the sale were on a par with last market, except in one or two cases towards the close of the sale, when extra prime quality came under competition. Prices were as follows:—Prime steers up to £l2; medium-weights, £8 to £9; lighter sorts, £5 10/- to £7 10/-. Extra prime heifers up to £10; good, £6 10/- to £8 10/-; lighter, £4 10/- to £6. Cows, extra heavy, up to £8 10/-; medium, £5 10/- to £7; lighter, £3 10/- to £5. Store Sheep.—There was a small yarding, which met with competition up to that experienced in local yards of late. A nice line of f.m. ewes in lamb realised 17/5, while a line of nicely-bred store wethers in forward condition were knocked down at 29/-. The small yarding cannot be taken as an indication of the market.

Store Cattle.—A smaller yarding than last sale came forward, and there was a very slack demand. The majority of the pens were passed in at auction, but a few ' lines found purchasers by private treaty ! after the sale, in most cases at prices much below the cost of production. Store cows may be quoted at from 30/- to 50/-, and 18-month-old steers at 35/-. DAIRY PRODUCE. LONDON QUOTATIONS. The National Mortgage and Agency Co. are in receipt of the following advice from Messrs A. J. Mills & Co.:— Butter.—Steady; salted, 178/- to 180/-; unsalted, 190/- to 192/-. Cheese. —Steady; 90/- to 92/-. GRAIN AND PRODUCE. MERCHANTS’ REPORTS. Messrs Dalgety and Co., Lkl., Dimedin, report as follows: Oats. —Very few samples are coming forward, and the demand particularly for heavy oats suitable for seed or milling, has improved. We quote: A Gartons, 5/4; B Gartons, 5/2 per bushel; sacks extra. Wheat.—Supplies are very light, and values have firmed. Good whole fowl wheat is inquired for at up to 5/9 per bushel. Potatoes. —Sales of northern potatoes have been made to local merchants during the past week, and this has had the effect of keeping values at late rates. Good tables are realising from £6 to £6 15/- per ton. Chaff.—’Consignments arriving are barely sufficient tq cope with tyhe deabJuid 1 ' from local feeders, and sales of prime oatensheaf have been made at £8 10/- per ton, sacks extra. Messrs Donald Reid and Co n Ltd., Dunedin, report:— Oats.—The market is very firm with very little offering. We quote: A Gartons, 5/4; B Gartons, 5/2; sacks extra. Wheat.—Samples are very rare, and the demand is in excess of the supply. We quote: Best whole fowl, 5/9 per bushel; sacks extra. Chaff.—Values have hardened again. Chaff is coming on the market both from Southland and Invercargill, and the bulk is being sold ex truck. We quote: Prime, £8 10/- per ton; sacks extra. Potatoes. —The market has hardened somewhat, but values remain at last week’s rates. We quote: £6 to £6 15/- per ton; sacks in. CANTERBURY MARKETS. DULL TIME PREVAILING. (Per United Press Association.) CHRISTCHURUH, June 24. The potato market has firmed up. It is understood that a Victorian consignment of from 300 to 500 tons is due within a week but the market has firmed in Melbourne, and this no doubt is directing northern attention to Christchurch for sup- ! plies. Another point is that the season is getting on in Victoria and importers are probably a little change of making heavy commitments on account of the risk in quality. Sales have taken place in Christchurch at from £6 to £6 5/- f.o.b. S.I. Farmers show no inclination to sell on ■ trucks at £5 and very little at 5/- over. Yields are varied, but generally it is considered that they are lower. However, the area is smaller this season, and the strength of the position taken up bv growers depends on whether the reduction in the yield will be offset by the importations. The vessels leaving for Auckland at the end of last week took 1-700 sacks for Auckland. [ Oats have eased further. There are a ! few coming on the market and lines that have been accumulating in store there are ; now coming into circulation. Canadian ’ oats are also influencing the lower values. It was only the insistency of buyers for the production of the actual oats that sent the market skyward. Forward oats are quoted at 5/2 f.o.b. 5.1., or from 4/10 to 4/11 on trucks. Chaff is firm at about £7 to £7 5/- to farmers. • The demand for white clover has im- • proved, an inquiry having set in from the Old Country. Other seeds are unaltered. Generally the market is very dull for all products. NATIONAL DAIRY. THE AUCKLAND CONFERENCE. (Per United Press Association.) AUCKLAND, June 24. The Conference of the National Dairy Association was presided over by Mr A. Morton. The report stated that the membership was 298 and the accounts a credit balance of £625. The Chairman, in opening the Conference, commented upon the enormous increase in the butter and cheese exports, and said they had reached crucial point with a drop in prices possible. “If prices, he said, “have to be accepted, the producers should set their house in order and strive to increase production.” Speaking of the moratorium, he said: “The sooner it comes to an end, the sooner we will get back to a stable state of affairs. The longer it is extended, the longer will the trouble of many farmers last. The retiring directors, Messrs A. Morton (Taranaki), T. Bassett (Auckland), and J. G. Brechin (Wellington), were re-elected. I The Conference carried a North Auck--1 land Daily Conference remit* that direc-

fcntea should be a voting unit for the election of the Control Board. As regards the proposal for a Dairy Council, the re’ mit whm amended, wnggwiting that the Executive of the National Dairy Association become an Advisory Council to the Control Board, the South Island to have representation through the South Island Dairy Association. Other remits were adopted as follows: That the time has arrived when the Dairy Division should take steps to prevent cream or milk rejected on quality at one factory being accepted by any other company; that the Agricultural Department be urged to establish at an early date a bacteriological and research laboratory, specially adapted to the needs of the dairy industry. As a result of the Dairy Control Board taking over the control of the shipping of produce, the annual scale of subscriptions was amended as follows: Under 100 tons of butter 21/- annually; 100 to 200 tons, 42/-; over 200 tons, 63/-. Previously the rate was from 40/- to £35. THE SHARE MARKET. YESTERDAY’S TRANSACTIONS. (Per United Press Association.) DUNEDIN, June 23. Sales reported:—National Insurance, 70/-; DJ.C. (ord.), 4/9. CHRISTCHURCH, June 24. Sales reported: Westport Coal 35/9. Sale on ’Change: Union Bank of Australia, £l5. WELLINGTON, June 24. Sale reported: Manning and Co., £1 8/-. AUCKLAND, June 24. Sales on ’Change: War Loan (1930), £97 5/-, (1938) £97 7/6; South British 40/6; National Insurance 70/-; Auckland Gas 25/9, Kauri Timber 28/9; Bycroft 24/-; Waihi 30/6; Moanataiari 2/-. HIGH COMMISSIONER’S REPORT. THE HOME MARKETS. The Department of Agriculture has received the following cablegram, dated June 21, from the High Commissioner for New Zealand, London: —■ BUTTER. Market remains firm. Official quotations are:— New Zealand; salted; finest.—June 21: 178/- to 180/- per cwt (1/7 to 1/7J per lb). June 14: 174/- to 178/- per cwt (1/64 to 1/7 per lb). June 6: 168/- to 170/- per cwt (1/s;| to 1/6 per lb). Unsalted —June 21: 190/- to 194/- per cwt (1/8-J to l/8i per lb). June 14: 190/- per cwt (1/8-j per lb). June 6: 180/- to 182/per cwt (1/71 to 1/74 per lb). Other qualities—June 21: 150/- to 172/- per cwt (l/4£ to 1/61 per lb). Australian; salted; finest—June 21:172/-, 174/- to 176/- per cwt (1/61 to 1/62 per lb). June 14: 162/- to 166/- per cwt (1/51 to 1/5? per lb). June 6: 156/- to 160/per cwt (1/4:1 to 1/51 per lb). Unsalted— June 21: 176/- to 180/- per cwt (l/6£ to 1/71 per lb). June 14: 174/- to 176/- per cwt (1/6J to 1/62 per lb). June 6: 164/to 166/- per cwt (1/54 to 1/52 per lb). Other qualities—June 21: Salted, 160/- to 168/- per cwt (1/51 to 1/6 per lb) ; unsalted, 160/- to 174/- per cwt (1/51 to 1/64 per lb). Argentine; unsalted—June 21: 174/- to 178/- per cwt (1/64 to 1/7 per lb) ; exceptional, 180/- per cwt (1/71 per lb). June 14: 160/- to 168/- per cwt (1/51 to 1/6 per lb). June 6: 154/- to 160/- per cwt (1/44 to 1/51 per lb). Other qualities— June 21: 164/- to 180/- per cwt (1/5$ to 1/71 per lb). Irish; salted—June 21: 178/- to 180/- per cwt (1/7 to 1/71 per lb). June 14: 168/to 170/- per cwt (1/6 to 1/61 per. lb). Unsalted—-June 21: 182/- to 184/- per cwt (1/74 to 1/72 per lb). June 14: 176/- to 180/- per cwt (1/62 to 1/71 per lb). Danish; steady—June 21: 182/- to 184/per cwt (1/7A to 1/72 per lb). June 14: 182/- to 183/- per cwt (l/7j per lb). June 6: 180/- to 183/- per cwt (1/71 to 1/7J per lb). ± CHEESE. Market quiet and steady. Official quotations are:— English; finest farmers’ new season’s in demand—June 21: 88/- to 90/- per cwt (94d to 9£d per lb). Old—June 14 and June 6: 140/- to 145/- per cwt (1/3 to 1/32 per lb). Canadian; finest and fine new season’s— June 21: Coloured and white, 86/- to 88/per cwt (9{d to 9Jd per lb). June 14: Coloured, 86/- to 88/- per cwt (9{d to 94d per lb). June 6: Coloured, 83/- to 84/per cwt (BJd to 9d per lb); white, 83/- per cwt (B£d per lb). New Zealand.—June 21: Coloured and white, 90/- to 92/- per cwt (9£d to lOd per lb). June 14: Coloured and white, 92/to 94/- per cwt (lOd per lb). June 6: Coloured and white, 86/- to 88/- per cwt (9|d to 9ld per lb). Shipment of New Zealand produce arrived last week per s.s. Ruahine. HEMP. Demand for Manila good again and market was strong all this week, closing somewhat easier. Business has been done in “J” grade May-July shipments at £4O and 1 value. Quotations May-July shipments, £4O 15/-; June-August shipments, £4l per ton and value. Business in New Zealand hemp is reported at high-point fair £36 15/to £3B and fair £35 10/- per ton JulySeptember shipments. WOOL. Bradford position is not changed and is causing great anxiety. Factories working on half-time. Prices for tops:—64’s (Merino), 5/9; 56’s (super halfbred), 3/11; 40’s (prepared) coarse crossbred, 3/3. BRADFORD WOOL MARKET. (By Telegraph—Press Assn.—Copyright.) (Australian and N.Z. Cable Association.) LONDON, June 23. (Received June 24, 7.50 p.m.) Wool —The Bradford market is very quiet and unchanged. MACHINE MILKING DE LUXE. The Moffat-Virtue Milker is equipped to the very last minute of efficiency. Milking with this machine reduces costs both in labour and upkeep. The Teat Cups are an example of the simple and easily demountable construction. They are in four parts, no screws or bolts; very strong yet lightly made in Aluminium, and milk hard or soft tested cows equally safely, rapidly and with minimum strippings. Write for details of this wonderfully efficient machine to M.-V. Machinery Co., Ltd., Queen street, Masterton. (advt.)

Store cattle May 27. June 10. June 24. .. 154 257 207 Fat cattle .. 247 258 232 Store sheep .. 686 458 255 Fat sheep .. 1465 1437 584