Commercial

New Zealand Tablet, 26 January 1911, Page 151

Commercial

produce

Wellington, January 23. The High Commissioner cabled the following market report on January 21 (the quotations, unless otherwise specified, are the average market prices on spot): Mutton. Market steady stocks, New Zealand small, but high prices are restricting business. Canterbury cannot be quoted. North Island, 4|d; Australian, 3|d; River Plate, 3£d. Lamb. Dull sale for all lamb, and the market has declined. Canterbury, s|d; other than Canterbury, sfd. . Beef. —Market firm; stocks on hand small, with good inquiry, especially for fores. New Zealand hinds, 3-id; fores,

t Butter.— firm, with more inquiry at higher prices about the beginning of this week. The market closed rather quiet. Choicest New Zealand, 110 s (occasionally Ills); Australian, 105 s; Danish, 116 s; Siberian, 103 s. The Arawa's shipment arrived in good condition. Cheese.—Market firmer. The Arawa's shipment arrived in good condition, and. met with brisk demand. Colored, 595; white, 57s 6d. Hemp. Market quiet, with small business doing at about quotations already givenviz., New Zealand, good fair spot, per ton, £2O ss; fair grade, £l9 15s; fair current Manila, £l9; forward shipment, about the same. The output from Manila for the week was 30,000 bales. Wool. Market stronger. Cocksfoot Seed. —Market quiet, but firm. New crop, weighing 191 b per bushel, was offered at 80s per cwt; no buyers. Kauri Gum. Market quiet, but holders are firm; small business doing, and prices weak. Quotations (nominal): Ordinary to fair, three-quarter scraped, £8 2s 6d; fair, half scraped, 97s Gd; brown fair, half to three-quarter scraped, 80s; brown pickings, common to good, 455; bush, fair to good, pale and amber scraped, £B. Stock, 337 tons! Eggs.—Cold-stored Italian. 10s Gd to 12s per 120; Austrian, 8s 3d. to 10s; Danish, lis 9d to 13s 6d. Messrs. Donald Reid and Co. report as follows: Oats.—The market has been extremely quiet so far as any shipping business is concerned, and only small sales for local trade can be reported. We quote: Prime milling, 2s 2£d to 2s 3d; good to best feed, 2s Id to 2s 2d; medium, Is lid to 2s per bushel (sacks extra). Wheat.—ln view of the quotations from northern stations, millers are not disposed to take lines in store on the basis of late quotations, and sales can only be effected at lower values. Fowl wheat is not over plentiful, and commands fair value. We quote: Prime milling, 3s 8d to 3s 9d; medium milling and best whole fowl wheat, 3s 5d to 3s 7d; medium fowl wheat, 2s lOd to 3s 4d; broken and damaged, 2s 3d to 2s 9d per bushel (sacks extra). Potatoes. Heavier supplies have come to hand, and prices are again easier. Unripe and stale samples are extremely difficult to quit at quotations. We quote: Prime ripe samples, £0 10s to £7 10s; medium to good, £5 to £6 ss; unripe and inferior, £4 to £4 15s per ton (sacks in). Chaff. The market is glutted, and prices are from 10s to 15s per ton lower than those ruling a week ago. Any little demand is for choice lines only, but medium and inferior lots are almost unsaleable. We quote: Prime oaten sheaf, £4 10s to £4 12s Gd; choice, to £4 15s; medium to good, £4 to £4 7s 6d; inferior and discolored, £3 5s to £3 15s per ton (sacks extra). Straw.—Wheaten, 30s to 32s Gd; oaten, 37s Gd to 40s per ton (pressed). Messrs. Dalgety and Co. report as follows: Oats. The demand still continues quiet. Millers and shippers are not operating unless at reduced prices, and any business passing is in small lots for local consumption. Quotations: Prime milling, 2s 3d to 2s 3-id; good to best feed, 2s 2d to 2s Jd; inferior to medium, 2s to 2s Id per bushel (bags extra). Wheat. —There is nothing fresh to report. Prime velvet and velvet ear is saleable, but Tuscan has no inquiry. Fowl feed is more plentiful, but is being worked about in small quantities. Prime velvet, 3s lOd to 4s; velvet ear and Tuscan, 3s 7d to 3s 8d; whole fowl feed, 3s 5d to 3s 6d per bushel (bags extra).

Potatoes. The market is moderately supplied,, and there is a tair sal© as under;Locally grown, 7s to 8s per cwt. Chaff. During the last week large consignments have come to hand, and at to-day’s sale we offered over 100 tons.' Ihe demand was very slack, and prices dropped considerably. Only the best quality was saleable even at quotations, medium quality being quite out of favor. We would advise clients to ease off consignments until the present heavy stocks in Dunedin are worked down to a smaller compass. We quote; Prime oaten sheaf, £4 7s 6d to £4 10s; fair quality, £4 to £4 ss; light to medium, £3 to £3 15s per ton (bags extra).

Messrs. Stronach, Morris, and Co., Ltd., report for week ending January 24 as follows: Oats. -There is very little business being clone, the market being exceedingly quiet, only local sales taking place. Quotations: Prime milling, 2s 2£d to 2s 3d; good to best feed, 2s Id to 2s 2d; medium, Is lid to 2s per bushel (sacks extra). Wheat. —As the market has opened up north for new wheat, millers are not inclined to buy old lines at late quotations, and are offering lower prices. Fowl wheat is scarce. Quotations; Prime milling, 3s 8d to 3s 9d; medium milling and best whole fowl wheat, 3s 5d to 3s 7d; medium fowl wheat, 2s lOd to 3s 4d; broken and damaged, 2s 3d to 2s 9d per bushel (sacks extra). „ Chaff.— market is over-supplied, and from 10s to los per ton less has to be accepted to clear. Medium and inferior lines are almost unsaleable. Quotations: Prime oaten sheaf, £4 10s to £4 12s 6d; extra, to £4 15s; medium to good, £4 -to £4 7s 6d; inferior, £3 5s to £3 15s per ton (sacks extra). ; V Potatoes.—The market is heavily supplied, and prices are easier. Stale lines are very hard of sale. Prim© samples, £6 10s to £7 10s; medium to good, £5 to £6 ss; inferior, £4 to £4 15s per ton (sacks in).

WOOL

DUNEDIN WOOL SALES. The second of the series of Dunedin wool sales was held on Thursday (says the Otago Daily Times) at the Art Gallery Hall. The usual quota of buyers was present, America, the Continent, and Britain being represented, as well as several local speculators. The latter were operating to a larger extent than at the December sales, expecting, no doubt, to get the wool at slightly reduced rates. The local factories were active competitors for halfbreds and merinos in medium to light condition. Both in halfbreds and fine crossbreds the competition of Continental buyers was not so good as at the December sales, with the result that prices of these classes were id to Id lower. Not only were they buying, at cheaper rates, but their competition was not so keen, even at the lower prices. Bright crossbreds in light condition met with a brisk sale, and in many instances realised December sale prices. Pieces were well competed for at the lower range of values by scourers, by buyers for shipment to the Continent, and others. On the whole the competition was keen at the low range of values for nearly all classes of wool, although in medium and shabby crossbred and halfbred wools the market was very irregular. This sale, like recent sales in the north, was lower iii sympathy with the London market, which opened with a fall in values of from sto 1\ per cent. In the afternoon, however, an improved tone was noticeable, due doubtless to cable news from London to the effect that competition there was keen at the rates established on the opening day of the London January series. Owing to the broken weather, the entry this year was not so large as at the corresponding sale of last vear. Last year 24,103 bales were submitted; this year 22,139. The difference in values, as compared with the December sale, was as follows:—Merinos, Ad to M per lb lowersuper halfbred, Id lower; medium to good halfbred, id to %a lower; inferior halfbred, id to |d lower; super crossbred, par to id lower: good crossbred, Id lower; medium, Id lower; interior, Id lower; pieces, Id lower. Mr. M T. Kennelly, 217 Crawford street, Dunedin, reports as follows: Rabbitskins 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 Gd each! Advices from London report a decline of 2d on all grades Sheepskins.—Halfbred, Gd to 8d per lb; fine crossbred, Did to Yd; coarse do., 5d to 6Ad; pelts, 3d to sa. Hides.—Sound ox, 6d to 8d: do. cow, 5d to Gid ; damaged ox and cow, 3d , to 4 i <l; calfskins and yearlings" (sound), 6id to 9d. Horsehides, 8s to 14s each. Tallow.— in casks, to 26s per cwt; do., 24s- mixed 18s to 20s; rough fat, 16s to 20s. P ■ ' ' "' miXed ' Prompt returns. No commission. Messrs. Stronaeh, Morris, and Co. report as follows: oni , Rabbitskins.— next sale will be held on Monday 30th Hist. J ' Sheepskins.— next sheepskin sales will be held on Tuesday, 31st inst. . Tallow and, Fat.—There is no change to report, there being very little coming forward.