COMMERCIAL

Southland Times, Issue 20200, 10 June 1927, Page 2

COMMERCIAL

FINANCE AND TRADE

LOCAL MARKETS. Times Office, June 10, 1927; GRAIN AND PRODUCE. Oats.—The oat market continues in a fairly firm state at late rates, and a few sales have been made for shipment. ' Some oats have been shipped Home, but on the present basis of prices to farmers it is unlikely that there will be any further business done. Values to farmers are about 2/8 per bushel for A grades and 2/5 for B’s. Undergrades are proportionately less, according to quality. Good Duns are worth 2/9 per bushel. Wheat. —There is not a great quantity of wheat offering just now. Good samples of Tuscan are netting fanners up to 5/6 per bushel, on trucks, while milling Velvet is worth up to 5/10. Chaff.—This market is being kept well supplied. Samples of old chaff as well as new are still offering.. Good bright quality is worth £3 10/- per ton, on trucks, country stations. Inferior lines are not wanted and are only saleable at considerably decreased prices. Ryegrass.—Values to farmers for this seed run to about 3/- per bushel, this price being paid for heavy and clean well-con-ditioned lines. Lighter and inferior samples are realising down to 2/- per bushel. These prices, however, seem to be of a speculative nature, as up to the present the shipping demand for dressed seed has not been too good, and it is unlikely that a turnover could be made at present on the prices quoted. The Italian market is very flat indeed, and about 1/9 per bushel on trucks, is full value to farmers. Potatoes.—These are offering much more freely now. The reports as to the yields vary and seem to depend on the district and the variety of potatoes grown. Some districts report very poor yields with certain varieties, while others have apparently given good yields. In other districts the returns seem to have been consistently good. Value to farmers for good lines is about £4 10/- per ton, on trucks, country sidings. There are inquiries for lines of seed potatoes, particularly Up-to-Dates and King Edwards. Value for Up-to-Date seed is £4 per ton and for King Edwards £1 per ton more has probably been obtained. FRUIT AND VEGETABLES. Business in the fruit marts during the past week has been on the quiet side. Apples still continue to come forward freely, but reports from the orchards predict an easing off of supplies in the near future. Buyers are operating freely on choice lines, particularly Delicious and Jonathan. Large cookers are also in demand, but the other lines are being neglected. The market is well supplied with pears. Well graded desserts have met with keen inquiry, but cookers have been difficult to dispose of. A shipment of Australian fruit arrived exMoeraki, but as the landed cost was high buying was restricted. Cook Island bananas and oranges are due next week and it is anticipated that they will meet with a good demand. Vegetables are in light supply, consequently prices are firmer. Current prices for the week are as follows: Dessert apples, 5/- to 13/- case; cookers 4/6 to 8/6; pears 14d to 3sd lb; bananas ripe, to 40/- case; green, 20/- to 32/6; oranges—Adelaide Navels, to 30/-, Valencias to 26/-; cauliflowers, 2/- to 5/- dozen; cabbages 2/6 to 4/6; carrots, 10/- to 12/cwt; parsnips, .14/- to 16/- cwt. STOCK MARKET. The stock market is quiet and there is little fresh to report this week. Fat sheep are not now offering quite so freely and prices are slightly easier. There was a mixed lot of fat sheep yarded at last Wallacetown sale, there being some very line fat wethers and ewes offering, but a fair proportion of the yarding was rough and unnnished. There was not a very keen demand, but nearly everything wps sold and, taken afl round, prices were quite satisfactory. At the present time, dealers are operating in this quarter and a fair number of fat sheep, wethers especially, are changing hands privately.

gross, 4,317 tons, nett, carries about 10,800 tons deadweight, with shelter deck closed and 9,250 tons open, built and engined by Messrs W. Doxford and Sons, Sunderland, in 1921, s.s. No. 1 in 1926 fitted with oil fuel, with engines 27in 444 in, and 75in by 54in stroke. WITHIN WIRELESS RANGE. The following vessels were expected to be within range of the undermentioned wireless stations last night:— Auckland.—Tofua, Remuera, West Calera, Foyle, Maunganui, Hinemoa, City of Khartoum, Antonio, Mamari, Waipori. Wellington.—Manuka, Wahine, Tamahine, Arahura, Port Auckland, Makura, Tutanekai, Corinthic, Canadian Pioneer, Kartigi, Arawa, Kairanga, Persian Prince, Cumberland, Tairoa. Awarua.—Moeraki, Pacific Transport, Karetu. Chatham Islands.—Tongariro, Tekoa, Mataroa. TRANS-PACIFIC SERVICE. MOVEMENTS OF CARGO STEAMERS. Waiotapu.—Left Wellington on June 2 for Melbourne and Sydney. She is due at Melbourne on June 9. Hauraki.—Left San Francisco on May 27 for Auckland, Melbourne,-Adelaide and Sydney. She is due at Auckland on June 18. Waitemata—Was expected to clear Vancouver on Saturday last for Powell River and Ocean Fails. She should leave the latter port on June 10 for San Francisco direct. Wairuna.—Was due at Sydney on Friday from Melbourne. She is expected to leave Sydney on June 14 for Fiji. The forward loading dates at the Pacific Coast are approximately as follows: Waitemata.—Loads at Vancouver and San Francisco during present month for Auckland, Melbourne and Sydney. Wairuna.—Loads at Vancouver and San Francisco in July for Auckland (possibly Wellington), Melbourne and Sydney. Waiotapu.—Loads at Vancouver and San Francisco early in August for New Zealand and Australian ports. Hauraki.—Loads at Vancouver and San Francisco late August and early September for Auckland, Melbourne, Adelaide and Sydney. Waihemo.—Loads at Vancouver and San Francisco late September and early October for New Zealand anti Australian ports. TELEGRAPHED REPORTS. COASTAL AND OVERSEAS. Auckland, June 9. Arrived: West Nivaria from Los Angeles; Kamona from New Plymouth. Sailed: City of Khartoum for Wellington; Antonio for Napier. Wellington, June 9. Arrived: Manuka, Gale and Totara from Lyttelton. Sailed: Kairanga for Port Stevens; Manuka for Lyttelton; Gale for Wanganui. Lyttelton, June 9. Arrived: Wahine from Wellington. Sailed: Maori for Port Chalmers; Wahine for Wellington; Whangape for Castlecliff. Dunedin, June 9. Arrived: Corinna from Wellington; Storm from Lyttelton. Sailed: Pacific Transport for Bluff; Waipiata for Oamaru. Newcastle, June 9. Sailed: Kawatiri for Lyttelton.—A. and N.Z. Adelaide, July 9. Sailed: Kaiapoi for New Zealand.—A. and .N.Z.

The fat lamb season is now practically finished and very few lines of good lambs are offering. Yardings are now very small and the lambs offering, with but few exceptions, are only of average quality. The demand, however, is still keen and anything decent realises a high price. The store sheep market is quiet and few sales are being made in this quarter. Good quality lambs, ewe lambs especially, and breeding ewes are still in demand and store wethers, especially if suitable for finishing off, sell readily. Fat cattle are offering steadily, but the market is still quiet and there has been practically no variation in late values. Any very well finished cow, heifer or ox beef meets with a good sale, but the demand is dull for average quality cattle. The following is a range of prices:— Fat Cattle.—Extra prime heavy bullocks up to £l5; prime heavy bullocks £ll 10/to £l3 10/-; good butchers’ bullocks £9 to £11; extra prime heavy heifers up to £ll 10/-; prime heavy heifers £8 to £9 10/-; medium weights £5 10/- to £7 10/-; lighter sorts £4 to £5; extra prime heavy cows up to £lO 15/-; prime heavy cows £7 10/- to £9; medium weights £5 to £7 5/-; lighter and unfinished sorts down to £3 10/-; good vealers £2 to £3. Store Cattle.—3 and 4-year-old steers £7 to £8 10/-, according to quality and condition ; 18-month-old steers £3 5/- to £4 5/-; steer calves £2 to £3; good speyed and empty cows £2 10/- to £4 10/-, according to quality and condition; empty heifers £2 5/- to £4, according to quality and condition. Fat Sheep.—Prime heavy wethers 34/to 36/-; medium weights 30/- to 33/-; lighter sorts 25/- to 28/-; extra prime heavy ewes up to 34/-; prime heavy ewes 23/- to 26/-; good butchers’ ewes 18/- to 22/-; lighter and unfinished sorts down to 14/-. Store Sheep.—Two-tooth ewes 30/- to 35/-, according to quality; aged ewes 5/- to 10/-; ewe lambs 22/- to 24/6; wether lambs 15/- to 18/-; ma lambs 17/6 to 21/-, according to quality; 2-tooth wethers 20/- to 22/-, according to quality and condition; 4 and 6-tooth wethers 22/6 to 24/6 according to quality and condition. MARKET REPORT. Australian flour continues to advance in price. Local prices up to the present are not affected, in spite of this there is a good demand for Australian. The Wingatui completed discharge and sailed for Auckland last week-end. For the past nine months Singapore pineapple has been steadily advancing in price. A record of this market up to date shows an average increase of all sizes of about 10 per cent. Forward shipments are quoted at further advanced prices. Mildura currants and Sultanas for June-July-August shipment are advanced in price. First and second grade butter is advanced Id per lb, as from June 3. CURRENT PRICES. —Wholesale.— Eggs, 2/3. Bacon, 1/1. Pollard, £ll per ton. Butter, factory 1/64, farm 1/1, separator 1/3. Bran, £7. Flour, £l7 5/- to £lB 15/-. Oatmeal, £26 to £3O. —Retail.—Bacon, 1/5. Pollard, 11/6 per 100. Butter, factory 1/8 nett cash, 1/9 booked; farm 1/4: separator 1/6. Bran, 9/6 per 100. Flour, 25’s 6/-; 50’s 12/-; 100’s 22/6; 200’s 41/6. Oatmeal. 251 b. 8/9; 501 b. 17/-; 1001 b. 31/6; 2001 b. 59/-; loose 5d lb. Cheese, 1/1; matured 1/4. Onions, 2d per lb. Potatoes, 101 b for 1/-. WYNDHAM STOCK SALE. (From Our Correspondent.) Messrs Hunter Bros, and Rice report:— Small yarding of both sheep and cattle. Prices for both maintained late rates. The following are our sales: — Sheep.—22 fat wethers at 32/6, 18 do. 28/-, 32 ewe lambs 25/4. Cattle.—l empty cow £4 7/6, 1 do. £3 7/6, 1 do. £2 17/6, 2 do. £2 15/-, 1 do. £2 5/-. Pigs.—2 at 29/-, 6 at 25/6; 2 at £1 1/-, 1 at 20/6. Also: Quantity 3x2 stakes 32/- per hundred; 3x3 stakes £2 12/- per hundred; split stakes 25/- per hundred. Messrs Henderson and Co., Ltd., report:— Fair attendance of buyers, small yarding of both sheep and cattle. Prices for all classes of stock were just on a par with ! late sales, with the exception of fat wethers which showed a decline of about 2/- per head on last sale. Our sales were:— Sheep.—l2 fat wethers at 27/-, 23 do. at 26/6; 15 do. at 26/3; 1 do. at 26/-; 25 do. at 25/-; 24 store wethers at 24/7; 1 lamb at 24/6; 45 hoggets at 19/1; 1 ewe at 4/6. Cattle.—l steer at £7 15/-; 1 dairy cow at £6 12/6; 1 do. at £5; 1 fat cow at £5 10/-; 9 do. at £3 7/6; 4 empty cows at £4; 1 at £2 17/6; 1 store cow at £1 17/6. RABBITSKIN SALE REPORT. The Otago Farmers’ Co-op. Association of Dunedin report as follows: Good catalogues were offered at yesterday’s sale, including a fair proportion of good winter skins. The London sales of May 25 resulted in prices considerably lower than were expected, and it was consequently anticipated that prices at yesterday’s sale would decline and so be brought more in line with London values. This was the case except for good winter skins, which remained firm at last sale’s prices, but autumn and incoming grades were lower by 8d to 12d. Racks and low grades were 3d to 6d lower, but prices generally still remain at a high level. The following prices were realised by us: Prime winter bucks 148 d; prime does 121:ld; first winter bucks 145 d to 147 d; first winter does 115 d to 118 d; second winter bucks 1214 d to 123 d; second winter does 92Ad; spotty winter bucks 103 d to 108 d; spotty winter does 81d to 84d; first early winter bucks 126 d to 128 d; first early winter does 103 d to HOd; second early winter bucks 107 Ad; second early winter does 84£d; incomings 954 d to 105 d; late autumns 84-}d to 84fd; early autumns 68d to 73d; dawny autumns 56fd to 59d; prime racks 49}d to 50|d; light racks 49d; first hareskins 62£d; second tyareskins 44}d; first winter black 1204 d ;*• second winter black 104 d; early winter black 112 d; incoming black 109 d; late autumn blacks 92.fd; early autumn black 75d; winter fawn 1204 d; autumn fawn 96d. Horsehair 18d to 22d. THE SHAREMARKET. YESTERDAY’S TRANSACTIONS. (Per United Press Association.) Auckland, June 9. Sales on ’Change: War Bonds (1938) 44 per cent.. £96 17/6; Auckland Harbour Board Debentures (1940) 54 per cent. £9B 15/-; Bank of Australasia £l4 15/-; Bank of New South Wales £45 15/-; Union Bank of Australia £l5 12/6; New Zealand Insurance 40/3; New Zealand Guarantee Corporation 8/10; Pukemiro Collieries 59/-; Westport Coal 34/7, 34/9; Auckland Gas 23/6; Northern Steam 13/6; British Tobacco 54/-; Colonial Sugar £53 10/-; Alburnia 4/2, 4/3, 4/6; Waihi Grand Junction [l/1.

Christchurch, June 9. Sales reported: New Zealand Government 44 per cent. Inscribed (1938) £97; Dalgety and Co. £l3 17/6; Holdens Motors 40/6. Sales on ’Change: Commercial Bank of Australia 30/-; National Bank of Australasia (£5 paid) £8 13/-; Goldsbrough Mort (cum. div.) 50/3; Kaiapoi Woollens (pref.) 15/-. Dunedin, June 9. Sales on ’Change: New Zealand Paper Mills 16/-. Sales reported: Kawarau 2/4 (4). AUSTRALIAN MARKETS. (By Telegraph—Press Assn.—Copyright.) (Rec. 8.25 p.m.) Sydney, June 9. Wheat, at country stations 4/11 bagged, 4/10 bulk; ex truck, Sydney 5/64. Flour.—Export £l2 15/- f.0.b., local £l3 5/-. Bran and pollard reduced 10/-, to £7. Oats.—Tasmanian 5/3, white 4/6, 4/9. Maize.—Yellow and white 6/-. Potatoes.—Tasmanian £5 to £8 10/-. Onions.—Victorian £6.—A. and N.Z. (Rec. 8.35 p.m.) Adelaide, June 9. Wheat.—Growers’ lots 5/54, 5/6; parcels trade 5/94. Flour.—Bakers’ lots £l4 7/6. Bran.—£6 15/-. Pollard.—£7. Oats.—3/6.—A. and N.Z. METAL MARKET. London, June 7. Copper: Spot £54 14/44; forward £45 6/104. Lead: Spot £25 6/3; forward £35 12/6. Spelter: Spot £2B 17/6; forward £2B 18/9. Tin: Spot £295 12/6; forward £2BB 17/6. Silver: Standard 26 3-16 d; fine 28}d per ounce.—A. and N.Z.