COMMERCIAL

Southland Times, Issue 21198, 26 September 1930, Page 2

COMMERCIAL

FINANCE AND TRADE

LOCAL MABKETS Times Office, Friday morning. Grain and Produce. Oats.—This market has shown no great improvement for shipment and values remain the same, namely 3/8 per bushel for A’s and 3/7 for B’s, f.o.b. s.i. Seed oats are now going out freely from the local Stores, and this trade will account for a considerable portion of the stocks held by local merchants. There are no offerings from farmers now, and it is probable that requirements from now on till the new crop is ready will depend on the stocks held by merchants. Values to farmers are nominally from 3/- to 3/1 per bushel for A’s and 2/10 for B’s. Wheat. —There are some inquiries for shipment for fowl wheat at 0/2 per bushel f.0.b., sacks extra, but there is not much available from Invercargill at this price. Value to farmers are on a par with late ruling rates, namely, from 5/10 per bushel for milling Tuscan, to 6/4 for Velvet, and 5/7 for fowl feed lines, on trucks, country stations. Chaff continues to offer fairly freely, but the demand for shipment has eased otf considerably, and merchants are not now keen buyers. Value for good bright quality is £4 per ton on trucks, country stations. , Ryegrass.—There has been constant inquiry for shipment, but as stocks are now very light there is not much business passing. There are no offerings from farmers. Value for shipment runs from 6/9 to 7/3 per bushel, according to bushel weight and quality, and value to farmers is nominally from 4/3 to 5/3 per bushel. Potatoes.—The demand is v(?ry weak. There are fair quantities offering, but merchants arc not keen buyers, and any lines being sold by farmers are realizing from £3 to £3 5/- per ton for Arran Chiefs and up to £4 for King Edwards. The demand for seed potatoes is very slack, and merchants arc not anxious to buy. Probable values to farmers run from £2 10/- to £3 per ton for Arran Chiefs and from £4 10/to £5 for King Edward and Up-to-Dates. Fruit and Vegetables. The Maheno brought heavy shipments of Navel oranges, mandarins and lemons. The oranges and mandarins met a bare market and the largest sale for some years resulted. The condition of the fruit was mixed. ’ Some lines were in excellent order while others showed a large proportion of waste. Consequently values fluctuated somewhat. The mandarins were keenly competed for, but the lemons, which have been in over-supply for some time past, did not realize above average values. Californian grapes are available and selling freely at good values. Pears are again in short compass, and good values are being obtained for choice samples. Apples are still coming forward regularly, but the bulk of the fruit is of medium and second quality. Any choice lines are evincing keen competition at good prices. Sound cookers, in fair supply only, are in good demand. The vegetable market continues good, all classes of vegetables selling well at satisfactory values. Rhubarb is now coming to hand in regular consignments and prices have eased a little. Current prices arc as follows: —Apples— dessert, to 14/6 case for firsts; 5/6 to 8/6 for seconds; cookers to 8/6; pears to 4d lb; grapes, to 35/-; Navels to 28/6 for repacks; mandarins 14/- to 23/-; lemons to 22/6; cauliflowers 4/- to 9/-; cabbages 2/6 to 4/-; spring onions to 1/6 dozen bunches; lettuce, 3/- to 5/-; parsnips, to 2d lb; carrots, to 2d lb; rhubarb, 3/- to 5/- dozen bunches. GENERAL MERCHANDISE. Current Prices. Wholesale, Eggs, lid. Bacon, 1/3. Pollard, £9 15/-. Butter, factory 1/3; separator 1/-. Bran, £9 5/-. Flour, £l7 15/- to £l9 10/Oatmeal, £2B to £3O. Retail. Retail For Cash. Eggs, 1/2. Baco.i, 1/6. Pollard, 12/6 per 100. Butter, factory 1/5; separator 1/2. Bran, 11/6 per 100. Flour, 25’s 6/-, 50’s 11/9; 100’s 21/9; 200’s 39/6. Oatmeal, 25’s 8/6, 50's 17/-. Onions, 61b 1/-.

Market Report. The Wingatui with sugar and general cargo for this district left Auckland last night, and is due at Bluff about October 6. ... The market for-new season’s! Sicily almonds which has been at a very low ebb for several weeks past, is now showing a marked improvement. The demand has no doubt been fairly heavy as the date of shipment for the Christmas trade is fast approaching. The Singapore market is showing an all round improvement. Sago and tapioca prices have advanced and first grade pineapple is considerably firmer. Mellor’s sauce has been in short supply for some time past and is at present practically unobtainable. It is doubtful if further supplies will be available, as certain changes are taking place in the old country which will have its effect on supplies for New Zealand. The season for cocoa is fading fast and sales will gradually diminish from now on. Retailers are naturally inclined to let their stocks run down, but they would be wise in making an exception to the rule as it is possible that an advance in price will take place shortly. Stock Market. The most noticeable feature of the stock market' at the present time is the low prices ruling for fat sheep, fat wethers in particular falling about 2/- per head. Except for the fat sheep section, the yardings at Lorneville sale on Tuesday were on the small side. The yarding of fat cattle was about half that of the previous week, the quality being about the same. The quality of the bullock beef offered was perhaps better than has been yarded for some time, while there were also some very nice pens of prime heifers. There was a good attendance of buyers, and as the supply was not equal to the demand, competition was keen throughout, although there was no quotable change on last week’s rates. The principal entry in the store cattle section was that of a line of 40 rising 2-year-old speyed heifers of mixed colours, and not very well grown. These were passed in at £5 15/-. The balance of the yarding comprised empty cows, with a pen of medium quality 2-year-old ’steers, but the demand was not over keen, and prices were in accordance. There was a larger entry than usual in the fat sheep section, and, taking it all over, the quality was very good, some exceptionally prime wethers being offered, with a few pens of very good ewes.' There was not much life in the sale, and the entry greatly exceeded the demand; consequently, prices were much lower than those of the previous week. Vendors seemed prepared to meet the market, and practically the whole yarding was disposed of, cither at auction or privately. The main attraction in the store sheep sale was centred on a line of 2-tooth ewes of medium size and condition which was passed in at 26/-. The balance of the small yarding consisted of aged and inferior ewes. The following is a range of prices:—■ Eat Cattle: Extra prime bullocks up to £l9; mediqm weights £ll 10/- to £l4 10/-; lighter sorts down to £lO 10/-; prime heavy cows up to £l2; medium weights £8 3 0/to £lO 10/-; lighter sorts down to £7 10/-; prime heavy heifers up to £ll 15/-; medium weights £9 to £11; lighter sorts from £7 10/-. Fat Sheep: Extra prime heavy .wethers up to 32/-; medium weights 23/- to 25/-; lighter sorts down to 20/-; extra prime heavy butchers’ ewes up to 25/6; medium weights 18/- to 22/6; lighter sorts down to 10/6;-prime lambs up to 17/6. ■ Store Cattle: Good empty cows £5 10/to £6 5/-; medium sorts £4 to £4 15/-; good 2-year-old steers up to £8; medium sorts up 'to’£6 5/-; good .dairy cows up to £10; average 'sorts £7 10/- to £9; late calvers £5 to £6 10/-. Store Sheep: Romney ewe hoggets 18/to 22/-; lighter sorts' 15/- to IS/-; very small sorts 8/- to 12/-; wether hoggets 12/to 13/-; lighter sort’s 7/- to 9/-; 2-tooth Romney ewes 24/- to 27/6; 4, 6 and 8-th ewes 15/6 to 16/9; aged ewes 10/- to 12/9; good wethers 24/- to 24/6; ‘lighter sorts 20/- to 22/-. — WYNDHAM SALE. Messrs Dalgety and Company, Ltd., report as follows: —A large yarding of cattle, comprising a fair sprinkling of fats, with some good forward store cattle. All classes met with fair demand, the bulk of the yarding being cleared, at values fully up to recent sales. There was a fairly large yarding of sheep, hoggets forming the largest proportion. Prices all round showed a sharp decline on previous sales. Vendors appeared to be out to meet the market, the result being the clearance of the yarding. We sold: 100 ewe hoggets at 18/-; 86 m.s. do. 12/2; 53 f.m. ewes 8/1; 21 fat wethers 24/9; 217 m.s. hoggets 14/-; 49 ewe do. 10/6; 39 do. 17/7; 16 do. 19/6; 37 hoggets 3/6; 40 wether do. passed; 1 fat bullock £9 7/6; 1 do. £l3 5/-; 1 do. £11; 1 do. £11; 1 do. £8; 20 steers £7 5/-; 4 do. £4 12/-; 12 do. £4 7/6; 10 yearling do. £3 10/-; 2 do. £5 17/6; 5 heifers £6; 2 do. £4 12/-; 1 do. £4 7/6; 1 fat do. £l3 5/-; 1 fat do. £8; 1 fat cow £lO 7/6; 2 do. £8 2/6; 2 do. £7 10/-; 2 do. £4 10/-; 2 do. £5 2/6; 1 do. £5; 1 dairy do. £8 10/-; do. £5 10/-; 2 pigs 35/-; 2 do. 34/-. Messrs Henderson and Co., Ltd., report: A fair yarding of both sheep and cattle came forward. Bidding on all classes of sheep was slow and prices all over showed a decline of up to 2/- per head on last day’s rates. There was a fair number of fat cattle yarded. These were in demand and practically all sold at prices slightly in advance of last sale. The store cattle section sold well up to last day’s rates. We soldi Sheep—s 6 fat wethers at 26/3, 119 m.s. hoggets at 11/4, 55 do. at 10/10, 68 ewe hoggets at 15/3, 32 wether hoggets at 11/-, 69 2-th wethers at 10/6. Cattle—Two fat cows at £ll 12/6, 1 at £lO, 1 at £9 5/-, 1 at £9, 4 at £B, 1 dairy cow at £6 15/-, 1 at £6 5/-, 2 at £5, 4 steers at £8 2/6, 7 empty heifers at £6 15/-, 3-stecrs/at £6 12/6 • THE SHAREMARKET. VESTER DAY’S TRANSACTIONS. (Per United Press Association.) Auckland, September 25. Sales-on ’-Change: Inscribed Stock (1938) 44 per cent. £100; Commercial Bank of Australia 15/- (3); National Bank of New Zealand (late sale) £5 7/3; Bank of New South Wales £3l; Union Bank £9; National Insurance 13/10; New Zealand Insurance 39/6; Dominion Investment 19/6;, New Zealand Guarantee Corporation 7/11; Pukemiros 48/-; do. (late sale) 48/-; Auckland Gas 23/9; National Timber 8/6; Taranaki Oil 1/11; Waihi 14/10. Wellington, September 25. Sales reported: New Zealand Government 54 per cent. Stock (1933) £99 12/6; New Zealand Government 54 per cent. Stock (1933) £99 10/-. Christchurch, September 25. Sales on 'Change: Australian Bank of Commerce 18/6, 18/4; Union Bank of Australia £9 2/6; New Zealand Breweries '45/1, 45/- (2); Mt. Lyell 17/11, 17/9; Mahakipawa 4-Jd; Okarito 7/1. Sales reported: New Zealand Government 5 J- per cent. Inscribed (1937) . £96; National Bank of Australasia (£5 paid) £5 12/6. Dunedin, September 25. Sales on ’Change: National Electric 8/9; Okarito 7/-; King Solomon Mines 1/-; Commercial Bank 15/-. . Sales reported: Bank of .New Zealand (long' D) 26/104; -, National Insurance 13/10. -

BRAN AND FLOUR. Distributors Ltd., forward the following range of prices:— Bran: 150's and 200’s £7 10/-, 100’s £7 15/-. Pollard: 150’s and 200's £7 15/-, 100’s £8 ~ Flour: 200 ; s £l7 15/-, ,100’s £lB 15/-, 50’s-£l9, 25’s £l9 10/-. ADELAIDE MARKETS. (Rec. 9.5 p.m.) Adelaide, September 25. Wheat: 2/10. Flour: £9. Bran: £5 10/-. Pollard: £6. Oats: 2/5. LONDON WOOL SALES. London, September 24. At the wool sales 10,881 bales were offered, including 5,273 from New Zealand. About 6,800 bales were. sold. There was a large supply of greasy New Zealand wool of which the greater proportion was merino half-bred. Yesterday’s good tone was maintained, and prices were unchanged. New Zealand sales were: Greasy cross-breds, “Whataroa,” Bi£d and 8-ld; “Ruanui,” 9d and 84d; half-bred, “Glennveis,” 9|d and 9:]d; scoureds “Braemar” 261 d; greasy crossbred, liberal supply and some request for home trade, Continent prices ranging from 6Jd to 113 d. Portion of the New Zealand merino offering was withdrawn. SYDNEY QUOTATIONS. (Rec. 8.25 p.m.) Sydney, September 25. Wheat is very quiet. Bulked 3/-; bagged 3/1. Flour: £9 5/-. Bran and Pollard: £5. Potatoes: Tasmanian £6 10/- to £8; Victorian £6 10/-. Onions: Victorian £5. Oats: White 3/9; Algerian 4/3. Maize: 4/-.