COMMERCIAL

Timaru Herald, Volume LXXIX, Issue 12142, 10 August 1903, Page 2

COMMERCIAL

LAND SALE. ■Messrs Guinness and LeCren, Ltd., report, holding an auction sale of properties tit their Waimate saleyardi. on Saturday ■last, with the usual large crowd present, but businesr was not so brisk as usual, one lot only being, sold .under the hammer. Thia property was a grand little dairy farm near Redckii owned by Mr M. Burke, containing 56i acres of the Waikakahi Estate, and after spirited competition it became tho property of Mrs Finlayson at £960. - ' The other farm offered was one of 82 acres situated between Waimate and • Studholme, while thj other lots were two town, properties. THE GRADJ MARKETS. Tie week just closed has been the <}»i«test since the season opened, and it is not anticipated that the market for -wheat will show any.change until holders of stocks make up their mind to come to terms wiih dealers. The offer for prime -wheats is now the same locally as, that of 'Chrjstchurch and Ashburtoii, namely, 3s 8d on trucks at country stations. Fowl . wheat is meeting a steady sale in small lines; the quotations being 2s 6d to 3s according to quality. Oats are meeting with a limited demand, and shipments are being made to tho London market. We were informed on Saturday that several growers who have prime lines have about completed arrangements for sending their produce Home as it will pay them better to do this than sell locally. Quotations are as follows : Is 4d to Is sd, Duns Is to Is 6£d and Gartons 1> '6d to Is 7d. f.o.b. Quotations for fcarley are unaltered. SALES ATJ TATTERSALL'S. Th* Canterbury Farmers' Co-operative Association (per Mr G. R. M. Jones, auctioneer) report on Saturday's horse sale at ■ Tattersall's Yards as follows: —There was an exceptionally good sale and a keen demaikl for all good young sorts. The entry comprised 70 of all kinds, among them being some splendid animals, and the attendance of farmers and dealers was much larger than usual. The following are details of the sale: —General entry, draught*, young with trials, £35, £4O, Mia, £44, £47, £49 10s, £SO, £52, £55, £56 to £6O 10s, the latter price being obtained for a grand three-year-old filly, bought by Mr J. Shaw. It was sold on adsount of Mr A. Brown, of Morven. Draughts, aged, £3O, £32, £35, £36 10s to £3B; harness horses, £l2 10s, £l4 10s, ' £ls, £lB, £23 10s, £27 to £3O; hacks, £6, £7, £7 10s, £9, £ll to £ls. Special entry—We offered on account of Mr T. Ryder (Invercargill), a team of eight horses. A harness gelding fetched £35, and draughts £35, £37, £44, £49 10s to £56, the last-named price being obtained for a three-year-old bought by Mr John Rutherford.. All these draughts were three and four years' old. A fine filly, by Daniel O'Con- • mil fell to the Christchnrch Meat Company for £6l, and a black seven-year-old mare { ■was purchased by Mr John Rutherford, I also for £6l.

MELBOURNE GRAIN MARKETS. The National Mortgage and Agency Company's produce market report for 28th Jnly, contains the following:— On the whole the month has been wet; a few severe but beneficial frosts have oc- *) curred, and from all sides crop reports sire good. Fanners are finishing their late Bowing. fc -wheat the air has been cleared by the removal of a few large lin«s of importeds from the market. Stocks are now fairly concentrated, mostly in ' users' hands, so that some difficulty has been experienced to meet the casual and country demand at late ratess, and buyers eventually '.gave way; following sellers up. The Sydney market firmed its sympathy with litis, and stocks of local f.a.q. are now bo small in Adelaide that it is difficult to secure this quality even at increased prices. . Quotations : —Victoriati, ,»5s to -5s 3d; South' Australian, ex ship, to arrive, 6s ; Caiifornian, 5s 2id; Argentine and Indian, os Id. Oats are quiet, Irat persistent, buying has absorbed the bulk of the best of the Algerians, and , of this quality the market is now bare. Attention, is now. tfeing turned to feed, for whioh, at the close, prices are fully a point- better. Whites have been comparatively neglected, the stiffness of the Slew Zealand maiket having diverted consumption back to Algerians. In seed very little doing. Victorian stout whites are quoted at 2s 7d, Tasmanian 2s Bd, N.Z. "B" grade 2s 7id, N.Z. Danish 2s 7d. Prime Victorian potatoes are quoted at 555. THE HOME MARKETS. Messrs Dalgety acd Co. report under date London, August 6th, as follows : "The market for New Zealand frozen beef is steady, and we quote hindquarters 1801bs to 2301ba. f.a.q., 4£d; forequarters; 2fd per lb. i Canterbury mutton, crossbred wethers and maiden ewes, 551bs to 651bs f.a.q., 4Jd to 4£d : Dunedin and Southland. 4d to 4]d, and North'lsland 3|d to 4£d per lb. Prime Canterbury lamb, 321bs to 401bs, skd to sid; North Island, 5d to ssd "per lb.' ,\ Mr John Meo forwards us Messrs Gordon, Woodroffe and Co.'s market report, dated London, July 3rd, from which we J take the following : ]

Frozen Meat.—Prices of all descriptions of frozen meat remain fairly steady, but there is. no advance to report during the last fortnight. Lambs -. Buyers have been showing more inclination to operate forward for lambs, especially for carcases of lighter weights, and we quote 5d to 5 3-16 d for contracts placed for prime Canterburies, prime Otagos and Southlands, and for W..M.E. Co. lambs for forward shipment. We quote Smithfield spot prices as follows : —Prime . Canterbury lambs, under 361b, sjjd per lb; 361b to 421b, s£d. Prime Otago and Southland lambs, under 361b, 5Jd; 36)b to 421b, 5 l-16d. Prime North Island lambs, tinder 361b, 5Jd; 36'b to 421b, sd.- New Zealarx sheen: TWe has been a little more (Wng in Jfw Zealand sheep* but present stocks seem to be ample to meet all requirements. We quote Smithfield spot prices as follows:—Prime Canterbury sheep: ,481b to 56!b, 4d per lb; 561b to 641b, 3Jd; 641b to 721b, 3|d. Crescent and Craved Key, under 641b, 3|d (nominal). W.M.E. Co.'s: 501b to 551b, 3?d; 551b to 651b, 3Sd. Fair average North Island, sf.!b to. 70?b. 3 9-16 d.

Wool —The nvirkei has been quiet during the •-•> st Wire? weeks, and pending the open; *. of the -ales on the 7th July there is liftle likelihood of any parcels gauging hands. From Yorkshire and the continent the reports indicate that in merino v/oo's caution is bdng exercised by

all concerned, and manufacturers still complain that • they cannot get their custom mersto pay prices proportionate with the price of the raw material. Stocks must, however, be small, and prospective supplies ' are also in very small compass. Urossbreds of medium and coarse grades, on the other hand, are in excellent request, and higher prices are being asked than was the case a month ago, so that prospects for these qualities at the forthcoming series are favourable. Tallow. —Since the date of our last advice three series of public sales have been held, at which 3618 casks of Australian were offered, of which 1895 casks were sold under the hammer. We quote: Fine mutton. New Zealand, 29s 6d to 30s per cwt; good do., 28s 9d to 29s 3d; good to fine mutton, Australian. 28s 9d to 29s (A; fair'to good do., 27s 6d to 28s 6d; good to fine beef, 29s to 31s 6d; fair to good beef, 27s 6d to 295.