Commercial

New Zealand Tablet, 19 January 1911, Page 109

Commercial

PRODUCE Wellington, January 16. —The High Commissioner cabled from London on January 14: Mutton. —Market quiet; holders firm. The supply of Canterbury is practically exhausted. Canterbury, nominal, 4gd; North Island, 4-kl. Lamb. —The market shows signs of weakness. This season's Canterbury, 6d; other than Canterbury, oijd. Beef. —Market quiet, with improved demand. NewZealand hinds, 3kl; fores, 2£d. Butter. —Market firm; advanced on account of speculative buying. Choicest New Zealand butter, 110 s; Australian, 104 s; Danish, 116 s; Argentine, 106 s. Cheese. —Market firm; hardening tendency; demand getting better; prospects favorable. White, 575; colored, 58s 6d. _ Hemp. —Market dull and likely to continue dull. New Zealand, good, fair, on spot, £2O ss; fair grade, £l9 15s; fair current Manila, £l9; forward shipment about the same. The output from Manila for the week was 19,000 bales. Wool.—Market a shade weaker. Buyers are holding back. Thirty-sixes, low crossbreds, Is Id; forties, low crossbreds, Is 13d; forty-fours, medium crossbreds, Is 2kl; fifties, half-breds, Is 6-Id; fifty-sixes, quarter-breds, Is 9-kl; sixties, merinoes, 2s 1-kl. Messrs. Dalgety and Co. report as follows: We held our usual weekly auction sale of grain at our stores on Monday. There was an average attendance of buyers, but bidding was not animated. However, we succeeded in selling the bulk of our catalogue privately, and at auction, as under Oats. The market is easier. Owing to the new season's oats now being on offer in Canterbury and the slack demand, prices have receded -kl a bushel. Even at the present price there is very little doing, and any oats being sold here are practically for the local trade. Prime milling, 2s 3d to 2s 3kl; good to best feed, 2s 2d to 2s 3d; inferior to medium, 2s to 2s Id per bushel (bags extra). Wheat. —This market is also very quiet, and no business of any magnitude is passing. Prime velvet and velvet ear is saleable, but Tuscan is not inquired for. Prime velvet, 3s lOd to 4s; milling velvet ear and Tuscan, 3s 7d to 3s 8d; medium milling, 3s 6d to 3s 7d per bushel (bags extra). There is really no fowl feed on the market, and medium milling is being sold in its place. Chaff. Pair supplies are coming to hand, and there is only a medium demand. Prime oaten sheaf is inquired for, but medium quality is very hard to quit. We quote: Prime oaten sheaf, £5 2s 6d to £5 7s 6d; medium, £4 10s to £5; inferior and light, £3 10s to £4 ss. Straw. —There has been a good demand this last week, but it eased to-day. We quote: Oaten straw, 35s to £2; wheaten straw, 30s to 32s per ton. Messrs. Donald Reid and Co. report as follows: We held our weekly auction sale of grain and produce at our stores on Monday. There was a good attendance of buyers, to whom we submitted a fairly large catalogue. With the exception of oats, bidding was brisk, and we quitted the bulk of our catalogue at quotations. Prices ruled as under : Oats. —Only small lines are now offering, but as merchants and millers are both out of the market little business is passing. The only demand is for small lots for local consumption at prices slightly lower than those lately ruling. We quote: Prime milling, 2s 2kl to 2s 3|d good to best feed, 2s Id to 2s 2d; medium, Is lid to 2s; inferior and discolored, Is 6d to Is lOd per bushel (sacks extra). Wheat. —Millers are holding large stocks of red wheat, and any demand is solely for velvet and velvet ear varieties. Prices show no change, and any lines of medium milling are readily taken by local oroduce merchants for fowl feed. We quote: Prime velvet, 3s 9d to 4s; Tuscan, etc., 3s 7d to 3s 8d; best whole fowl wheat, 3s 4d to 3s 7d; medium, 2s lOd to 3s 3d; broken and damaged, 2s 3d to 2s 9d per bushel (sacks extra). Potatoes. Prime ripe Up-to-Dates. are in good demand from £6 10s to £7. Stale and unripe sorts have not the same inquiry, and are worth from £5 to £6 5s per ton (sacks included).

Chaff. The market is heavily supplied, and as buyers hold fairly large stocks sales are difficult to make at slightly reduced rates. Prime quality meets with fair demand, but medium and discolored lots have little inquiry. We quote Prime oaten sheaf, £5 to £5 2s 6d; choice, to ■£s ss; medium to good, £4 12s 6d to £4 17s 6d; inferior and discolored, £4 to £4 10s per ton (sacks extra). Wheaten, 30s to 32s 6d; oaten, 37s 6d to 40s per ton (pressed). Messrs. Stronach, Morris, and Co., Ltd., report for week ending January 17 as follows: Oats. —There are very few lines offering, but prices show a tendency to ease. There is a small demand for local sales, but shippers are not anxious to buy. Quotations: Prime milling, 2s 2kl to 2s 3id; good to best feed, 2s Id to 2s 2d; medium, Is lid to 2s; inferior and discolored, Is 6d to Is lOd. Wheat. —The only demand is for prime velvet and velvet ear. Tuscan is neglected. All medium class wheat is being taken for fowl wheat, which is in good demand. Quotations: Prime velvet, 3s 9d to 4s; Tuscan, 3s 7d to 3s 8d; best whole fowl wheat, 3s 4d to 3s 7d; medium, 2s lOd to 3s 3d; broken and damaged, 2s 3d to 2s 9d per bushel (sacks extra). Chaff.—The market is very fully supplied, and as large stocks are held lines are harder to quit at reduced rates. Medium and inferior lots are neglected. . Quotations: Prime oaten sheaf, £5 to £5 2s 6d; choice, to £5 ss; medium to good, £4 12s 6d to £4 17s 6d; inferior and discolored, £4 to £4 10s per ton (sacks extra). Potatoes. —There is a good demand for ripe Up-to-Dates, but stale and unripe sorts are not wanted. Quotations: Prime, £6 10s to £7; medium, £5 to £6 per ton (sacks in). Straw.—Oaten, 35s to £2; wheaten, 30s to 32s per ton. WOOL Mr. M. T. Kennelly, 217 Crawford street, Dunedin, reports as follows: Rabbit-skins.—Winter does, to 20d per lb; winter bucks, 16d to 18d; incoming autumns, 14d to 17d; racks, 8d to lOd. Horsehair, 16d to 19d; catskins. 4d to 6d each. Advices from London report a decline of 2d on all grades Sheepskins.—Halfbred, 6kl to 9d per lb; fine crossbred, fad to 8d; coarse do, 5d to 7d ; pelts, 3d to sd. Hides.—Sound ox, 6d to 8d; do cow, 5d to 6-kl; damaged ox and cow, 3d to 4id; calfskins and yearlings (sound), 6id to 9d. Horsehides, 8s to 14s each. 10 Tallow.—Best in casks, to 26s per cwt. ; do, 245; mixed, 18s to 20s; rough fat, 16s to 20s. Prompt returns. No commission. Messrs. Stronach, Morris, and Co. report as follows: Rabbitskins.—Our next sale will be held on Monday, 30th inst. Sheepskins. Our next sheepskin sale will be held on .Tuesday, 31st inst. Hides.—The next hide sale will be held on Thursday, February 2. Tallow and Fat.— is no change to report in this market, all coming forward being readily sold.