COMMERCIAL.

Timaru Herald, Volume XIIC, Issue 13904, 15 May 1909, Page 4

COMMERCIAL.

LAND SALES. Messrs Guinness and LeCren, Ltd., report the following sales of Uaukapuka estate:-Sa 2r 30p, to Mr M. Burr.dge. at £33 per acre: 20a 2r 30p. to Mr 1). Livingstone, at £35; 9a 2r. to Mr W A. Hewson, at £24: 9a to Mr W. A. Hewsou. at £3O: 2<>a Iv to Mr D. Livingstone, at £l9: 10a 2r 3 )p, to Mi F R Flatman. at £22 Ids: 9a 3r 30j>. to Mr F. R. Flatman, at £25: 61a,.t0 Mr A. Jones, at £'24 Ids; -»4a 2r J9p. to Mr N. Sherratt. at £2O 10s: 22a 2r 35p, to Mr W. Fyfe, at £2O 10s:: Ir.ito Mr F. R- Flatman, at £2o: la Or 21p. to Mr T. H. Taylor, at £00: 3r 23p, to Mr H. It. Pratt, at £67 IDs: la Or Up, to Mr A W Edwards at £6O: la. to Mr H. R. Pratt at £4b. The auctioneers advise that there is a keen enquirv for the unsold portions and thev hope to be able to dispose ol the whole of the estate very shortly.

CLEARING SALES

the Canterbury Farmers' Co-opera-tive Association report having held, 011 account of the administratrix ot the estate of the late Robert Cartwright a verv successful clearing sale at the homestead. Totara Valley. Prices were :is follows ':- Implements—Waggon £4O. drill £2B. binders (McC.) £l7 and £lO. Cambridge roller £ls 10s. d.f. ploughs £l4 15s and £l2. grubber £lO 10s. dray £lO <n" £IS. Sheep—o3 f.m. ewes (rams hT April 28th) 9s Btl. full and failing-mouht ewes (rams in April 28th) 6s, 130 two-tooth wethers 12s 6d. IH> three-quarterbred lambs (mixed sexes) lis. 220 two-tooth ewes (ranis 111 April *»th) lGs. Pigs—Workers 3S)s. 375. 3os. boar"ss; sow £4 15s. Cattle—Cows in profit £6 ss. £6 12s fid. £5 ss. £4 lis Cd. £3. yearling steer £2 Bs. live calves at £1 2s"each. The National Mortgage and Agency Companv of New Zealand. Ltd.. report as follows: —We held a clearing sale at Geraldine on account of Mr G. Gale, on Thursday. 13th. There was a large attendance of farmers present from surrounding districts. Competition was fairly keen, enabling us to make an almost complete clearance. The following are a few of the realised prices:—lo9 forward lamhs Ids 7u. 280 f.m. ewes 10s 7d. cull ewes 6s od. cull lambs 6s. bav gelding £35. bay gelding £ 4, S 10s. bav gelding £2B. chestnut colt £26. bav colt £lB. bay colt £l7. chestMlt colt" £ls. brown colt £l7. fat steer £0 7s fid. fat heifer £5 Id- Immediately ;ifter the sale of live and dead stock we offer.*! the lease ol Mr Gale's farm for a i>eriod of seven years. Competition was keen up to 12s per a"re, which price was below the owner's idea of value, therefore the farm had to be passed in.

HIE LOCAL MARKETS.

Th-T«» h.is wheat clHrin-i T he week :it v'""' nrires. Tuscan and Krd C'luiil li:»v*- lieen hri'ii.'ii>C. and are still worth 4s per Imshel .ir handy ronntry station*. »r Is Id delivered Timnrit. while Velvet is nunnwnrlinu 4«. I'd to 4< 2d. Those (|in>tntton> are all for prim*' iiiilliii!! lilies. Some wheat is heing shipped to Auck-

land, and if bottoms were obtainable, shipments would he sent Homo, hut there is a dearth of freights so far a* the Home markets are eoneerned. All the vessels to eome here up to the end of .June are fully engaged, and after that there will not he the .same inducement to ship Home as now exists. The local -merchants who are desirous of shipping Home have got their grain in store, so that sending it. away would not put up the priee in the meantime, hut if freights were ottering freely for not later than June, shipments, values would most likely advance a point. It is not considered probable that values will go below 4s from this on to the .•nd of the season. On the oat market there is a noticeable slackening off in the demand compared with a week ago. To-day's quotations are: —Gartons Is 5d to Is old. Danish Is 4d. and Duns Is 4d to Is sd. delivered Timaru. At least one Southland farmer is shipping his oats Homo on his own account (says the "Smithland Daily News.") Recent quotations in 'England show that oats are bringing as high as 2s 6d per bushel, and as the shipper estimates the cost of freight, insurance, etc.. at 9d. he hopes to receive a net return of Is !)d a bushel, which is substantially more than ruling prices locally. Th'» potato market is in queer street. Owing to the ravages of the blight prices are siip|Hised to have gone up. and they have gone up a little, but it is very" little. The position is that growers are holding on now. in anticipation of big prices later on. while merchants, on "the other hand, are desirous of quitting what they have before tliev go bad on their hands, and they will not buy more except it be with a guarantee, and they are only offer inn £2 15s to £3 per ton even then. Single «a"cks are being sold at from 5s to 7s each.