COMMERCIAL.

Timaru Herald, Volume XCIV, Issue 14425, 22 April 1911, Page 5

COMMERCIAL.

LONDON MARKETS. Press Association—By Tel.—Copyright. Received 0.20 p.m., April 21st. LONDON, April '2l. The wheat market is firm and the demand improving, especially for the Continent, owing to unfavourable crop reports from Russia. . Three Australian cargoes havo been sold at 33s Od, 33s IUJd and 34s respectively. Holders are asking 33s M for New South Wales steamer March shipment and South Australian sailer'shipment, and 33s Cd for Victorian parcels afloat. A small business is doing in Australian on spot at 36s 3d. Flour is quiot and unchanged.

Oats from La Plata, May-June 14s. A second official report on tlio ArKoiitine harvest estimated tilio corn yield at 3,800,000 tons, flax at 000,000 tons. HIGH-PRICED YEARLINGS. Received 9.60 p.m., April 21st. • SYDNEY, April 21. A Malster—Lady Grafton colt realised 2100 guineas. The buyer was Mr John Brown, of Newcastle. A Bobad.:l—Pliyllis colt 1550; a Malstcr—Grafton Lass colt, 700; a Malstcr—Gaillnrdia colt, 1000; a Malster—Onrons colt, G25; Malster—Etra Weenie filly, 700; Malster—Diffidence colt, 500. Bobadil —Ariadne colt, 525; Bobadil—Circle filly, 800. Grafton—Comely colt, 500. CHRISTCHURCH PRODUCE ' MARKETS. Per Press Association.

CHRISTCHURCH, April 21. Locally there is very littlo wheat offering; no sales of any consequenceare taking place. The nominal price is 3s at country stations, though somo shippers are not inclined to offer more than 2s lid, but there are few sellers at oven 3s "it present. Those farmers who are in a position to hold are willing to wait till a more favourable turn in tho market. Tho samo disposition is manifest on the part of New South Wales wheat growers. There is nothing fresh to report in the local oat market, as there are but few available for sale, and prices are firm. The markot has also firmed in Southland, and 2s 2d on trucks at country stations is being paid. Oat-shoaf chaif is advancing in price on account of the approach of winter, and tho shortage of feed. Tho quotation is now 80s to 82s 6d on trucks, and it is reported' that for an extra pnmo sample more has been paid. Thero has been an improved demand for potatoes, and £3 10s is now being paid at country stations for the main crop. Tho bulk of the later crop consists of white varietioß, thero being but few derwonts now grown. Tho crop is turning out well, both as to yield and quality. Shipments are khv being made from Oamaru, the damage done by the potato fly not being so serious as was expected, and is "confined chiefly to- the potatoes showing above tho surface. CHRISTCHURCH EXCHANGE.

Yesterday's quotations: CJiristchurcli Gas. sellers, £9 16 Od; Feildmg do., buyers, £1 2s Od; N! Z Shipping, b, £ll lGs 0d: Kaiapoi Woollen, b, £5 7s Gd; Wellington do., (pref.) !>-. £2 19s Gd ; Westport' Cpa], s., £1 9s 3d; Stockton do., s, 3s Bd; Mason Struthers, 5.,~ £l.Cs; N. Z. Farmers; s, £2 12s; Manning and Co., b, £4 10s Gd; Now Sylvia, s 2s 8d; Christ church. Meat (£10). s £l6 2s 6d. Sales' reported—Westport Coal £1 9s; N. Z. Farmers, £2 12s; Whitconibe and Tombs, £6 7s 6d.

DUNEDIN EXCHANGE. DUNEDIN, April 21. Stock exchange sales— New Svlvia (8 weeks), 32 9s. Sales reported—.Talisman Consolidated, £2 11b 9d • New Sylvia 2s 9d; Waihi, £3 4s 3d; Westport Coal, £1 9s. HOME WHEAT MARKET. The N.Z.L. and M.A. Company have received tlie following cable message from their London Office, under date 19th inst.: —"An Australasian parcel of wheat has been sold at 33s lid, c.i.f. The market is quiet but steady owing to unfavourable crop reports. Outlook discouraging." Dnlgety and Co. have .received the following cable dated London 20th:— "Rather better demand for frozen lamb, but supplies are heavy and prices of New Zealand are.lower by l-16d to >d per lb, except Canterbury, which is unchanged. Frozen mutton and beef are in poor demand at prices somewhat in buyers' favour." PROPERTY TRANSACTIONS. Messrs Dalgety and Co., Timaru, report having effected the following property transactions for the quarter ending 31st March:— On account Mr M. Gudex, Cattle Yi'lley, 200 acres to Mr Arthur Dixon. For Mr R. C. Maidens, Woodbury, 200 acres to 'Mr Thos. J. Patterson. For Mr C. H. Verity, Craigmore Downs. 220 acres to Mr Geo. Greiner and 393 acres to Mr Louis P. Cabot. For the owners of Glen Lyon Station, 103,700 acres of leasehold, together the stock and plant thoreon. comprising 10,250 sheep, 500 head of cattle and complete working plant to Mr I. T. Preston, Oanmru. For Mr .las. O'Rourke, Wnihao Downs, 491. acres to Mr Edwa'.d Mc Mnhon, Orari. For Mr McGregor, his Rona Estate. Burke's Pass, containing 65 acres freehold and 1334 acres leasehold, with the stock and plant thereon, to Mr John R. Aitken. Mackenzie Country. TIMARU PRODUCE MARKETS. The local ■ produce markets have scarcely recovered from the lull occasioned by the. Easter holidays, and there is, consequently, very little business doing. Wheat.—There is little activity in the wheat market, although millers are buying quietly. The price ruling is 3s 2d for mixed sorts, delivered in Timaru. Next week, bv the steamers Kent. Norfolk, and Indraburah. soma 16,000 sacks of wheat will be shipped for Home. All wheat space in these boats has been filled. Outs. —In oats, there is practically nothing doing. The ruling price, nominally, is 2s 2d per bus'el for Cartons, delivered in Timaru, and one l>enny extra for good, heavy Duns.

Potatoes.—Tn potatoes, the market is quiet and pecnl'ar. Even in the locally grown potatoes, a fii"ll firnh or worm—said not torofcmM-jtlntcnnsiim trouble in North Otmro—is boinfr found and merchants are diffident in bnyinc at all. Several _ merchants, in the'r wisdom, have deckled to leave potatoes severely alone. CLEANING SALES. Me."-rs T)nl a etv awl Co.. in ooninnction with Mints' Oit'-miw ami '■"ld a i'biin« sale '"i Thm-d-iv ;t Mo.rvrn fo.- Mr Eu-'i M.Laiuddin who life? recently sold liis pr.ip'rl.v. Ti>i-> «-n= a l-.v,,». nttenrlnncp. and |h-» follnvi"T Rnli.- r !!r-1,..rv v.-rrp r .- : CT,.-. y .( ~„,, ri»,, ~i. ~,,,.!, T., , M If,= n,i : w-Mi.pt 1 1.- 7s- cue In ml'-. D* sd; wethers, 133 3d ; f.m. ewes. 53

2d, Cows, £7 to £7 lfls. Horses, draught geldings, £4O, £4l lO.'i, £3O, £27 10s, £18; mure, £3B; fouls, £lO I 0». £l2; 2-ycar-old, £25 10s; boy*' pony, £lO. L>.l'\ plough £0 10s, disc harrows £8 10s, cultivator £0 10a, binder £'J 10s, spring curt £]3 10s, dray £7, gig £l2 6s; and housoliold furniture at full market rates.

Messrs Dalgoty and Co. report that the clearing sale, held at Kimbell on aeeount of Mr Walter Uluek, drew it largo attendance!, buyers being prosen(. from as far north as Christehiirch, and south to The principal sales were: 000 f„t lambs 13s Id' 300 fat owes ]oh, 200 fat wethers 14s lOd, 327 2-toolh cms ]3s 4d, fiOO store lams H<: !Jd to Oh, 4, 0 and 8-toolh nvra 13s, store wethers 13s. Fat cow U f», fat bullocks £7 Ms, store steers £5, holier* £5 r,H, dairy cow £8 to £8 12s M. Draught mans, £37, £42, £4l) .:!-' f'1! ; < Jl "»ught. geldings, £43 10s, old f,Uie«, £-30, £3O, £3O; draught fools P r \°J\s V2 ]os; ""broken hacks, £\i to £lB 10s. Implements—Drill £lB, ridgcr £l7, cultivator £lO, tripr-d harT ??-\£ 7 ' ,I| , R ™ £U '•"»». d'Bo pl<i«Kli £lo 10s, seed sower £lO 10s, d.f. plough iih h^ n i 5 5s ' M-H. binder W8 10s dray £l4, waggon £2O 10a, buggy £l,, spring dray £l4 lfjs.