COMMERCIAL

Southland Times, Issue 21038, 21 March 1930, Page 2

COMMERCIAL

FINANCE AND TRADE-

LOCAL MARKETS GRAIN AND PRODUCE. Oats.—The threshing of these is now proceeding and a few lines have been offered in town by farmers. Some sales have been made up to 3/3 per bushel for heavyweight samples. The demand for shipment is not quite as keen as it was and there has been a drop of about 2d per bushel f.0.b., s.i. compared with a month ago for spread delivery April-September. The samples which have been offering seem of good quality and bright in colour, and it seems as if this year’s product wijl be in good condition. To-day’s value for A grade Gartons f.0.b., s.i. spread delivery April-September is 3/11 to 3/114. Wheat.—A few lines are offering, but many lines are being left in stack for some time and will not be marketed till later in the season. For milling quality the value to farmers on trucks at country stations is about 5/9 for Tuscan to 6/3 for Velvet. Ryegrass.—This continues to be offered slowly and there is probably a good deal still to be disposed of by farmers. Much of the seed this season is light and is therefore not so attractive from the buyer's point of view. Heavier lines running from 24Ibs upwards are in keen demand. Prices to farmers range from 4/3 to 5/2 according to bushel weight and quality. ’ Italian Ryegrass.-—Very few lines of Italian are offering. This variety is in good demand, but at prices lower than for perennial. The value to farmers is from 4/to 4/3.

Crested Dogstail.—This is still dull of sale which is mainly due to the lack of export demand and the fact that- the stocks held are more than sufficient for local requirements. The value to farmers is 6d lb for best quality dressed. Potatoes. —Business in potatoes at present is of a hand-to-mouth nature. A small early delivery is being received to satisfy the demand for local consumption. It is too early yet for matured main crop varieties which will probably not be available for another month. Fruit and Vegetables. Business has been brisk in the fruit marts this week. Tomatoes were in short supply, but have been coming in more freely during the last few days. Prices are a shade easier. Nectarines and freestone peaches have come forward during the week. Some of the nectarines have been on the ripe side, and low prices have ruled for these. For good firm varieties there is a keen demand, as there is for freestone peaches, though the values have been easier than last week. Plums .have been in good supply and values have remained steady. A consignment of oranges arrived during the week and were disposed of on arrival. The market is very lightly supplied with bananas and there is no word of any corning to hand at an early date. Lemons have been Available, principally Italian and Californian. A few New Zealand-grown lemons have also been received, but they have been poor and thick-skinned. Pears have met with a good demand, particularly green samples which can be held for a few days. Apples have also been selling freely, Cox’s Orange being the favourite. There arc still a few Worcester Pearmains and Gravensteins, but these realize less than the Cox’s. Grapes have been arriving freely from Kakanui and Oamaru and have been in good demand. There is a steady demand for vegetables. Current prices for the week have been approximately as follows:- —Peaches, dessert to sd, boxes 3/- to 5/-; plums, up to 3d for crated dessert, boxes 3/- to 5/6; nectarines to 5d for crated, 4/- to 7/- for boxes; lemons, kalian to 40/-, Californian to 65/-; pears, 2/- to 5/6 according to variety; apples, dessert 7/- to 12/-, cooking 5/- to 7/-; grapes 1/- to 1/3; tomatoes to 6d lb for first grade, others 2d to 4d. Vegetables.—Cucumbers to 9/6 per dozen; cauliflowers 3/6 to 8/6 per dozen; cabbages 1/6 to 3/6; lettuce to ■2/-; turnips to 2/- per dozen; carrots to 2/6 per dozen; parsnips to 2/- per dozen. Market Report. The Waipiata with sugar and general cargo for this district is due to leave Auckland to-day and should arrive at Bluff at the end of this month. Distributors, Ltd., advise an advance in the price of bran by 10/- per ton, and a reduction in the'price of pollard by 10/- per ton; these prices operate as from and including March 19. The price of single Zig Zag cigarette papers have been advanced 3d per box as from and including March 18th. Merchants have experienced short shipments of sugar during the past two months and have been obliged to make pro rata deliveries. The Colonial Sugar Co. now advise that they will be able to supply all requirements in the future. The London on New Zealand new rate of exchange which, came into operation yesterday will mean a considerable increase i.i Hie cost of imported goods. C.i.f. and c. quotations will bear about an extra 4 per cent, and this with 2 per cent, primage will put about 6 per cent, on all imported English lines exclusive of Customs duty. It is too early to say what, action merchants will take with regard to indent orders, but the safest course would be to charge exchange to buyers’ account. Current Prices. —Wholesale. — Eggs, 2/Bacon, 1/3. Pollard, £8 15/-. Butter, factory, 1/5; separator, lOd. Bran, £8 15/-. Flour, £l7 5/- to £l9. Oatmeal, £2B to £3O. —Retail.— Eggs, 2/4. Bacon, 1/6. Pollard, 11/6 per 100. Butter, 1/7; separator 1/1. Bran, 11/- per 1(X). Flour, 25’s 5/9 to 6/3; 50's 10/6 to 12/3; 100’s 20/6 to 22/9; 200 s 40/- to 41/6. Oatmeal, 25’s 9/6; 50’s 16/6 to 17/6. Onions, 91b 1/-. (The above list of prices is compiled from a range of values obtained from the various merchants in the town. Where prices do not actually coincide a range is quoted.] THE SHAREMARKET. YESTERDAY’S TRANSACTIONS. (Per United Press Association.) Auckland, March 20. Sales on ’Change: Inscribed Stock (1938) 41- per cent. £97 5/-, £97 10/-; Commercial Bank of Australia 21/10 (two lots); Bank of New South Wales £39 8/6; South British Insurance 61/-; Auckland Gas 23/6; do. cont. 17/-, 16/10; Staples’ Brewery 48/-; Australian Glass 43/-; British Tobacco 42/-; Colonial Sugar £44; Mount Lyell 33/6. Wellington, March 20. Sales reported: Bank of New Zealand £2 16/9 (two parcels) ; Christchurch Gas Co. £1 6/3; New Zealand Breweries £4 2/-; New Zealand Government 41 per cent. Bonds (1930) £99 5/- (two parcels); New Zealand Insurance Co. £2 3/9; British Tobacco Co. (ord.), £2 2/-. Christchurch, March 20. Sales on ’Change: National Bank of New Zealand £5 19/9; Bank of New South Wales £39 7/6; Goldsbrough Mort 31/3; Christchurch Gas 26/1; New Zealand Breweries (cum.' div.) 82/1; British Tobacco (cum. div.) 42/-, 41/11 (3) ; Dunlop Perdrian Rubber (cum. div.) 17/7 (2); Mount Lyell 33/- (2); Stoney Creek (6d paid) 8d (2); Winding Creek (1/- paid) 11-Jd, lid.

Sales reported: Bank of New South Wales £39 7/6; Bank of New Zealand 56/9; Dalgety and Co. £ll 2/-; Auckland Gas (late sale 19th). odd parcel, 23/6; .Christchurch Gas 20/3; Commercial Bank of Australia 21/10; Goldsbrough Mort 31/3; British Tobacco 41/11; Dunlop Rubber (cum. div.) 17/7. Dunedin, March 20. Sales on ’Change: Mt. Lyell 33/6 (two). Sales reported: Bank of New Zealand 56/9; Union Bank £l2. WINTON STOCK SALE. A LARGE ENTRY. (From Our Correspondent.) At the Winton stock sale yesterday about 6000 sheep and 100 head of cattle were yarded. The sheep yarding consisted mostly of lambs and only for good quality was there any inquiry. A large attendance of farmers were present, but owing to the shortage of feed extreme caution was taken in the bidding. One extra good pen of ewe lambs realized 20/- while others made from 12/- to 14/-. Rape lambs made to 15/6, while lower conditioned from 8/- to 12/-. There was a better inquiry for ewes, with two-tooths up to 28/6, four aud sixtooths to 25/-, sound-mouth ewes to 21/6, and good full and failing-mouth ewes from 13/- to 16/-.

In the cattle section a line of Hereford cattle of mixed ages realized full market rates, good dairy cows brought from £7 5/to £lO 15/-, while poorer sorts brought from £4 17/- to £6 5/-. Good steers brought from £7 5/- to £ll, and smaller ones to £5 1/-.

Immediately after the stock sale the Southland Farmers’ Co-operative Association offered on behalf of the Winton racecourse trustees the lease of the racecourse property consisting of 170 acres. This was purchased by the present lessee at £1 )K-r acre. Following aro some of the sales: — Cattle. Southland Farmers’ Co-operative Association: Six steer calves at £1 19/-; 1 cow at. £B, 1 cow at £5 15/-, 2 calves at £1 19/-; 1 cow at £6; 27 cows at £4 17/-; 1 heifer at £8 5/-, 6 steers at £7 5/-, 6 steers at £5 1/-, 7 heifers at £3 17/-, 1 fat steer at £ll, 1 fat steer at £9 12/6; 1 cow at £9 2/6, 4 steers at £3 17/6, 17 mixed sex calves at £1 17/-, 6 steers at £6 5/-, 1 Hereford bull at £4 10/-, 1 Hereford bull at £3 10/-, 1 black Hereford bull at £2 10/-. National Mortgage and Agency Co.: Two cows at £5 15/-, 7 calves at £2 12/-, 1 fat heifer at £6 2/6, 1 heifer at £2 3/-, 1 calf at £1 7/-, 1 dairy cow at £lO 15/-, 1 do. at £6 12/6, 1 do. at £7, 1 do. at £7 5/-, 1 do. at £8 15/-, 1 do. at £7 5/-, 1 do. at £6 15/-. i Fat Sheep. Southland Farmers’ Co-operative Association: 18 lambs at 24/9, 10 ewes at 14/-, 13 lambs at. 22/7, 3 lambs at. 20/3, 1 ewe at 15/6, 39 ewes at 16/-, 5 wethers at 19/1. ' Wright, Stephenson and Company, Ltd.: Nineteen ewes at 16/11, 38 ewes at ,16/-, 12 ewes at 16/-, 16 wethers at 22/6, 44 lambs at 23/-, 41 ewes at 15/2, 11 ewes at 15/-. National Mortgage and Agency Co.: 22 lambs at 20/3, 25 ewes at 14/4. Dalgety and Company: Nineteen ewes at 16/3, 23 ewes at 15/2. Store Sheep. Southland Farmers’ Co-operative Association: 274 mixed sex lambs -at 13/9; 40 four and six-tooth ewes at 21/1; 200 mixed sex lambs at 12/1; 305 wether lambs at 9/2, 254 wether lambs at 12/2, 202 ewe lambs at 13/-; 51 mixed sex lambs at 4/6, 67 wether lambs at 12/4, 139 ewe lambs at 13/6, 31 six and eight-tooth ewes at 14/7, 94 wether lambs at 15/2, 127 mixed sex lambs at 8/3, 64 two-tooth wethers at 20/1, 61 wethers at 20/-, 114 mixed sex lambs at 12/4, 14 ewes at 7/10; 13 ewes at, 6/.3„ 2 lambs at 9/-, 26 wethers at 18/-, 97 ewe lambs at 20/- (top price). Wright, Stephenson and Cohipany: 25 ewes at 2/7; 85 lambs at 14/9; 69 ewes at 17/1, 158 ewes at 9/1, 350 ewes at 18/-, 35 ewes at 6/6, 64 ewes at 3/5, 26 mixed sex lambs at 5/10, 227 tussock wether lambs at 6/7, 42 ewes at 9/4, 54 four and six-tooth ewes at 19/-, 64 lambs at 14/-, 44 ewes at 13/3, 40 ewes at 12/9, 84 four, six and eight-tooth ewes at 21/3, 53 lambs at 13/5; 58 two-tooth ewes at 26/7; 65 ewes at 10/11.

National Mortgage and Agency Co.: 156 two-tooth ewes at 26/9, 76 ewes at 8/4, 57 two-tooth ewes at 26/- 40 mixed sex lambs at 16/-, 201 tussock wether lambs at 6/7, 42 ewes at 9/4, 89 wether lambs at 13/7, 201 ewe lambs at 13/2, 113 lambs at 9/2, 52 ewes at 11/4, 66 ewes at 7/0, 19 ewes at 3/7.

Dalgctv and Company: 202 wether lambs at 12/-;'320 lambs at‘lo/4; 130 lambs at 9/6. BALFOUR STOCK SALE.

AN IMPROVED MARKET.

There was a very large attendance at yesterday's stock sale at Balfour, among those present being a number of dairy farmers from the Mataura and Edendale districts. These were keenly interested in the sale of old ewes which, coming off the hard country in the Balfour district, do particularly well when shifted down country. The entry was a fairly large one and the quality all through was particularly good, both the old and young sheep being fresh in appearance and in good condition. The market for aged ewes was better than at any previous sale in the Eastern district this season, quite a fair proportion of the offering' being purchased by farmers south of Gore. Prices showed a fair advance on recent rates, and the whole of the yarding with the exception of the special offering of Romney stud ewes on account of Mr McDonald, “The Pines,” Balfour, and a pen of wether lambs, was disposed of at auction. The annual draft of four-shear ewes offered by the Southland Farmers’ Co-operative Association, Ltd., on account of Mr J. Cowie, Balfour, realized 20/-. This was a good even line with a few young sheep included, the older sheep also having good mouths. The failing-mouth sheep offered on account of the same vendor realized 16/4, while other lines with practically sound-mouths, but not guaranteed, realized up to 18/2. Fresh old ewes with fair mouths realized from 12/- to 15/-. Only two pens of two-tooth ewes were forward, but these also sold well and the top price of the season was secured for a line of 86 big forward ewes in great condition. They were offered by Messrs Wright, Stephenson and Co., Ltd., on account of Mr J. Wilson, Longridge, and were t purchased by Mr E. McAlister, Pyramid. Lambs formed only a very small proportion of the entry and the demand for these was slack, prices remaining about on a par with those obtaining at other district sales. Sales yesterday were as follows :—

Wright, Stephenson and Co., Ltd.: 141 f.m. ewes at 12/3; 232 f. and f.m. ewes at 16/6; 770 two-tooth at 26/2; 65 two and three-shear stud Romney ewes passed at 31/6; 67 1-shear do. passed at llgns; 31 4-shear do. passed at 24/-; 48 5-shear do. at 18/-; 166 f. and f.m. ewes at 14/6; 86 two-tooth ewes at 30/-.

Dalgety and Co., Ltd.: 185 f. and f.m. ewes at 14/-; 30 fat wethers at 23/7; 12 cull ewes and lambs at 4/10. National Mortgage and Agency Co., Ltd.: 123 cull m.s. lambs at 11/-; 96 f.m. ewes at 13/-; 125 wether lambs passed at 11/7; 104 f. and f.m. ewes at 16/3; 84 do. at 15/2; 187 do. at 17/4; 174 f.m. ewes at 12/1; 96 do. at 14/7. Southland Farmers’ Co-operative Association: 82 m.s. lambs at 16/7; 140 f. and

f.m. ewes at 16/2; 66 cull ewe lambs, at 10/5; 105 f. and f.m. ewes at 16/-; 206 s. and f.m. ewes at 20/-; 50 f.m. ewes at 12/4; 7 cull lambs at 9/-; 5 cull ewes at 3/-; 58 f.m. ewes at 12/-, 30 store wethers at 18/1. J. E. Watson and Co., Ltd.: 145 f.m. ewes at 15/-. EASTERN DISTRICT FAT STOCK. BURNSIDE MARKET. Vendors of Eastern district fat stock at the Burnside market on Wednesday realized the following prices:— Cattle.—John Black (Mataura), bullocks £l5 2/6, £l3 7/6,"£11 2/6, £l3 7/6; heifer £ll 2/6. Todd Bros. (Hcriot), bullocks £lB, £l4 17/6, £l4 7/6. J. S. Fleming and Co. (Titiroa), bullocks £l6 15/-, £l6, £l5 15/-, £l4 2/6. F. Marshall (Balfour), heifer £8 10/-. Sheep.—J. S. Fleming (Titiroa), wethers 31/-, 30/- 29/- and 26/6. J. E. Watson and Co. (Gore), wethers 30/-, 28/6, 27/3, and 24/3; ewes 21/-, 17/9, and 17/-. A. W. Baxter (Heriot), wethers 28/-, 26/9; ewes 16/6 and 15/3. T. Harland (Gore), wethers 27/9, and 27/6. W. H. Lusk' (Crookston), ewes 26/6, 18/9 and 15/9. A. Dickson (Wendon), wethers 30/-; ewes 17/-, 15/-, 14/9 and 14/3. P. C. Murray (Waipahi), lambs 25/-, 21/3 and 21/- J. E. Watson and Co. (Gore), lambs 25/-. SYDNEY MARKETS. (United Press Assn.—By Telegraph—Copyright.) (Rec. 8.20 p.m.) Sydney, March 20. Wheat: In bulk 4/5, bagged 4/7. Flour: £ll. Pollard: £7 15/-. Bran: £8 10/-. Potatoes: Tasmanian £8 to £10; Victorians £7. Onions: Victorian Globe and Brown Spanish £5. Oats: 'White 4/9, Algcriaii 4/3. Maize: 6/-. ADELAIDE QUOTATIONS. (Rec. 8.20 p.m.) Adelaide, March 20. Wheat: 4/1. Flour: £lO 15/-. Bran: £6 15/-. Pollard: £7 17/6. Oats: Algerian 2/8 and 2/10. HIDES MARKET. (Rec. 9.10 p.m.) Melbourne, March 20. Hides: Light weights and badly conditioned parcels fell a farthing lower. In other grades values are hard to maintain. LONDON WOOL SALES. (Rec. 6.45 p.m.) London, March 19. At the wool sales the New Zealand offerings were mainly slipes. The best halfbreds, Tomoana-Wikau brought 13 Id. There were several parcels of Forest Downs. Scoured Merino combing sold to 22 Id. LONDON MARKETS. Messrs Dalgety and Company, Limited, report having received the following market cable from their head office, London, under date of the 19th instant:—■ Dairy Produce Market. Butter: Market very slow. Danish 156/to 158/-; New Zealand finest salted 136/to 138/-; Australian finest unsalted 138/to 140/-; Australian finest salted 132/- to 135/-; Australian g.a.q. 128/- to 130/-. Cheese: Market very slow. New Zealand white 82/- to 83/-, coloured 83/- to 84/-; Canadian white 94/- to 98/-, coloured 94/to 98/-. Tallow Market. Tallow unchanged. Next sale will take place on April 2. DAIRY PRODUCE. Tho New Zealand Loan and Mercantile Agency Co., Ltd., report having received the following cablegram from their London house under date 19th instant:— Butter. —New Zealand choicest salted 138/- per cwt. Cheese: YVhite 82/- to 83/- per cwt, coloured 83/- to 84/- per cwt. Markets very slow.

“This is one of those persons who bring all motor cyclists into disrepute,” said the Magistrate (Mr C. R. Orr Walker, S.M.) in the Ashburton Magistrate’s Court the other morning, when dealing with a motor cyclist who had broken three by-laws. “Not all motor cyclists are a nuisanse. Some are, and the remainder have to suffer.”