COMMERCIAL

Southland Times, Issue 20111, 23 February 1927, Page 2

COMMERCIAL

GORE STOCK SALE. A GOOD MARKET. The entry of sheep at the fortnightly stock sale at .Gore yesterday showed a substantial increase over that for the previous sale, several Eastern District farmers placing on offer their annual draft of lambs. The attendance was also much larger than usual this partly being due to the fact that the weather was unfavourable for farm work and to the desire on the part of a number of farmers to buy in lambs. A fair proportion of yesterday’s yarding consisted of ewe and wether lambs and the demand for both was satisfactory, all the lines offered being sold at auction. For the former the demand was particularly keen, prices ruling up to 23/3. This price was obtained by the New Zealand Loan Co. for a line of 261 purchased by Mr W. Clark, Woodlands. Several other lines were also knocked down to the bid of the Woodlands purchaser, whose presence at the sale had the effect of keeping the price for ewe lambs at a slightly higher level than would have otherwise been the case. Prices ranged from 21/- to 23/3. Wether lambs sold at from 16/7 to 20/3. The yarding of fat sheep included several pens of well-finished wethers for which there was a good demand on the part of local butchers. The prices ranged from 24/6 to 27/6, the latter being paid by Mr J. Howard for a line of 60 offered by the New Zealand Loan and Mercantile Agency Co. on account of a client. Sales were as follow: National Mortgage and Agency Co., Ltd.: 31 fat ewes at 13/9; 70 fat wethers passed at 26/9; 37 do. at 25/3; 15 wether lambs at 21/-; 19 m.s. lambs at 20/7; 100 ewe lambs at 22/-. Dalgety and Co. Ltd.,: 25 fat wethers at 24/6; 42 wether lambs at 13/2; 111 store wethers at 23/6; 220 wether lambs at 18/5. New Zealand Loan and Mercantile Agency Co., Ltd.: 60 fat wethers at 27/6; 7 fat ewes at 12/-; 11 f. and f. ewes at 5/4; 261 ewe lambs at 23/3. Southland Farmers’ Co-operative’ Association: 12 fat ewes at 13/6; 44 m.s. lambs at 20/-; 2 fat lambs at 26/9; 400 wether lambs at 17/9; 71 cull lambs at 11/-. Wright, Stephenson and Co., Ltd.: 32 fat wethers at 24/6; 6 fat ewes at 15/-; 37 fat wethers at 24/6; 50 ewe lambs at 21/10; 130 m.s. lambs at 20/4; 288 ewe lambs at 21/-; 49 wether lambs at 20/3; 300 wether lambs at 17/-; 136 wether lambs at 16/7; 93 f. and f. ewes at 12/5; 97 do. at 9/-. J. E. Watson and Co., Ltd.: 53 f. and f.m. ewes at 10/4. CATTLE. The yarding of fat cattle included a number of well-conditioned steers and heifers, anything particularly good commanding firm rates. Bullocks made from £9 15/to £ll 7/6, the latter price being paid by Mr W. L. Milne, Otikerama, for four heavy weights sold by J. E. Watson and Co., Ltd. on account of Mr G. Smith, Waimumu. Prime cows made up to £8 2/6, while light and unfinished sorts brought up to £5 17/6. There w*as also a good demand for prime heifers which made from £6 2/6 to £9. Sales were as follow: Wright, Stephenson and Co. Ltd.: 2 fat cows at £8 2/6; 3 do. at £5 17/6; 1 do. at £7 5/-; 1 do. at £4; 1 fat heifer at £7; 1 do. at £4 7/6; 1 do. at £5 5/-; 1 do. at £5 5/-; 1 do. at £5 10/-; 1 do. at £4 5/-; 1 store cow at £3 15/-; 1 cow and calf at £2 2/6; 2 speyed cows at £3 10/-; 1 springing heifer passed at £4; 1 cow at £2 2/6. National Mortgage and Agency Co., Ltd.: 4 fat bullocks passed at £lO 5/-; 2 fat heifers at £5 17/6; 1 do. at £6 2/6; 1 speyed heifer at £6 10/-; 1 do. at £4 10/-; 2 store heifers passed at £2 17/6; 1 cow and calf at £3 15/-; 1 do. at £2 15/-. J. E. Watson and Co,; Ltd.: 2 fat heifers at £7 13/-; 1 do. at £4; 6 fat bullocks at £ll 7/6; 2 do. at £9 10/-; 1 do. at £6 15/- 1 cow passed at £4 10/-. Southland Farmers’ Co-operative Association: 2 fat heifers at £9; 1 do. at £7 7/6; 1 do. at £6 12/6; 1 fat bullock at £11; 1 do., at £9 15/-; 1 do. passed at £6 10/- 1 fat heifer passed at £5 12/6; 1 bull at £4 17/6. Dalgety and Co., Ltd.: 14 store steers passed at £4 5/-; 1 bull at £6 2/6: 30 store heifers at £2 15/-.

MARKETING CHARGES OF FROZEN MEAT TO UNITED KINGDOM. Mr David Jones (chairman of the New Zealand Meat Producers’ Board) has beeh asked by farmers in Canterbury in view of the recent drop in the schedule price for lambs, to give farmers an estimate of the costs of shipping lambs on owners’ account. The following costing should be of help to farmers in Canterbury who are contemplating sending forward parcels of lamb on consignment. This costing is computed on the basis of a mob of lambs averaging 361 b, and is worked out on the killing and freezing charges at present ruling in Canterbury. Skin value is estimated only, and is based on the average amount of wool sliped from killings now on to the end of February, and the value is dependent on the trend of the wool and pelt market. Lamb. Per lb. d. Killing, freezing, etc., and placing fo-b 900 Railage and droving on live stock to works, say 4d per head lamb, 6d per head mutton m Freight to London 1.167 Insurance, interest, exchange, etc .303 2.481 London charges, including port dues, storage for 28 days, cartage, market toll and selling commission ..' 517 2.998 Less value of skin and fat, estimated at 1.611 Total cost 1.387 GRAIN AND PRODUCE REPORT. Messrs Dalgety and Company, Ltd., Dunedin, report as follows: Oats: There is nothing fresh to report on this market, it still remaining in a lifeless condition. Harvesting is now general in the district, but as yet little threshing has been done, and no samples are coming to hand. Local Merchants are doing no business in the meantime, preferring to await the arrival of the new crop. Prices, however, are expected to be low, the general opinion expressed being that A Gartons will be worth in the vicinity of from 2/3 to 2/6 per bushel, on trucks, country stations. Wheat: Reports from Canterbury show that millers are only offering from 5/3 to 5/6 per bushel, on trucks, country stations for milling quality. Farmers, however, are not selling at these prices. Local millers are not now operating, they having procured from Canterbury sufficient stocks for their immediate requirements.

Fowl wheat from Canterbury « now on the local market and very nice lines are being sold at 6/6 per bushel, ex store, sacks extra. Potatoes: A fair quantity arriving on the market. The demand, however, is very weak and sales are very difficult to effect. Prime lots are realising up to £4 10/- per ton, ex store, sacks in. Chaff: The market is now being over-sup-plied, resulting in an easing of values. There is no shipping demand and local feeders are all well supplied. Only the primest of lines are saleable—medium and inferior grades being completely neglected. Bright, heavy lines, well cut, can be disposed of to-day at up to £4 10/- per ton, sacks extra. CANTERBURY MARKETS. HEAVY COCKSFOOT CROP. (Per United Press Association.) Christchurch, February 22. i There is some business in fowl wheat at 5/8 f.0.b., but millers purchases are small. Home quotations for peas have eased to 6/- a quarter and the local price has come back 3d a bushel. Peas were sold to-day at 7/6 f.0.b., s.i., the equivalent of 6/6 on trucks. Cocksfoot is now coming in freely, the harvest in the Peninsula being practically over. A heavy quantity of seed has also been saved this season on the plains and the present indications are for a dead market unless some steps are taken to deal with imported seed. Merchants have resolved to request the Government to compel this seed to be stained. The plentitude of the local crop and the menace of imported seed have depressed prices and farmers’ dressed seed to-day was offering with little response at sjd a lb. Standard seed is quoted at 9id. Oats have been sold at 2/11 for spread delivery f.0.b., s.i., and 2/104 for prompt A Gartons, on trucks. This is about 2/4. Algerians are quoted at 2/-. Barley has slumped and to-day 3/- a bushel on trucks is an outside value. Last week’s quotations of £4 7/6 is scarcely held, but a fair amount of local business has been done at £4 5/-. Farmers have been paid £3 on trucks. THE SHAREMARKET. YESTERDAY’S TRANSACTIONS. Auckland, February 22. Sales on ’Change: New Zealand Insurance 36/6; South British 56/-; Auckland Gas 23/2; Huddart-Parker 41/9; Lucky Shot 2/11 , (cont. issue) 2/9, 2/10, 2/11. Wellington, February 22. Sales on ’Change: 5 per cent. P.O. Stock (1927) at £9B 17/6. Christchurch, February 22. Sales reported: New Zealand Refrigerating (contr.) 6/2. Sales on ’Change: Royal Bank (£1 paid 39/3; Goldsbrough Mort 50/7; New Zealand Refrigerating (contr.) 6/1 (3 parcels) ; Westport Coal 35/- (3 parcels). Dunedin, February 22. Sale on ’Change: Molyneux Electric Dredging 17/6. Sales reported: Mount Lyell 29/-; Whitcombe and Tombs 72/6. LONDON TALLOW MARKET. Messrs Dalgety and Company Limited report having received the following advice from their head affice, London, under date February 21, 1927. Tallow market very quiet. There will be no public sales this week. FOREIGN EXCHANGE RATES. (By Telegraph—Press Assn.—Copyright.) London, February 21. The exchange rates are as follows:

PRICE OF GOLD. (Rec. 5.5 p.m.) London, February 21. The price of gold is quoted at 84/11 per ounce.—A. and N.Z. THE BRADFORD MARKET. London, February 21. The Bradford market is quiet, the Merino quotations from the overseas markets stilling business. There is rather more inquiry for crossbreds.—A. and N.Z. WHEAT CARGOES. (Rec. 10.35 p.m.) London, February 21. Wheat cargoes are fully steady owing to better inquiry for Australians. Nears Plates quotations occasionally threepence up. Sales were at 53/- to 53/6. Parcels are in firm and good demand at an advance of threepence to sixpence. Liverpool futures: March sellers 10/64; May buyers 10/3f; July sellers 10/44 per cental.—A. and N.Z.

Paris, fr to $1 .. .. Aug. 30. Feb. 21. 172.37 132.90 Brussels, belgas to £1 .. 34.85 38.87 Oslo, kr to £1 22.16 18.89 Copenhagen, kr to £1 .. 18.28 18.20 Stockholm, kr to £1 .. 18.15 18.17 Rome, lire to £1 .. 150.12 109.87 Berlin, reichmkn to £1 20.40 20.46 Montreal, dol. to £1 .. 4.86 11-16 4.85} New York, dol. to £1 4.85 4.85 1-16 Yokohama, st to yen. . 23 11-16 244 Calcutta, st to rupee .. Hong-Kong, st to dol. . 18 17 15-16 26$ 24} Amsterdam, gldr to £1 12.11} 12.113-5 Batavia, guilder to £1 12.08| —A. 12.11 and N.Z.