Commercial

New Zealand Tablet, 27 April 1911, Page 765

Commercial

■ 4 PRODUCE Wellington, April 24. The High Commissioner cabled from London, April 22, as follows: Mutton. —The market is dull, owing to the poor demand. Canterbury, 3|d (small supply); North Island, 3d (large supply); River Plate, 2£d (large supply, and being strongly pushed for sale). Lamb.—Market is a shade weaker, being the result of heavy arrivals. Large shipments are expected, and stocks of lamb are accumulating. Canterbury, 4£d; other than Canterbury, 4|; Australian, 3|d; River Plate, 3Jd. Beef.—The market is quiet, with a tendency in favour of buyers. The supplies of River Plate are heavy. New Zealand hinds, 4d; fores, 2|d. Butter.—The market remains firm. Choicest New Zealand butter, 109 s; Australian, 102 s; Danish, 116 s; Siberian, 102 s. Cheese. The market is quieter, but we have a favourable opinion of New Zealand at 62s 6d per cwt; American offerings, moderate quantities, about 60s. Hemp. The market is dull. New Zealand good to fair on spot, per ton, £2O; fair grade, £l9. The forward shipment is about the same price; fair current Manila, spot, £l9; forward shipment, £l9 os. The output from Manila for the week was 29,000 bales. Cocksfoot Seed. The market is firm, with a better demand. Bright, clean New Zealand cocksfoot seed weighing 171 b per bushel, per cwt, 775. Pork realisecs s|d per lb (nominal). Eggs. The market is ouiet, but firm, with moderate supplies going forward. Italian, 7s 9d to 9s per 120; Danish, 7s 6d to 9s 6d; Hungarian, os 9d to 7s 3d; Russian, 5s 9d to 6s 9d. , Poultry.—-The market is quiet, but steady. American chickens, 8d to 9d per lb; Russian, 7)d to 8-id; ducklings, 6d to 7d ; turkeys, 7d. ' Wool. The market remains firm. Messrs. Dalgety and Co. report as follows:— We held our usual weekly auction sale of grain at our stores on Monday, when we offered a good-sized catalogue. There was a large attendance of buyers, and competition was keen for oats, wheat, and potatoes, but chaff was without much inquiry. The following are quotations; Oats.—Offerings from the country are now on a much larger scale, and prices remain firm at last week’s quotations. Merchants are buyers of all good lines of sparrowbills and Gartons, while the local trade pick up any small lots coming to hand on consignment. We quote: Prime milling, 2s 3id to 2s 4d; good to best feed, 2s 3d to 2s 3 Ad; inferior, 2s to 2s 2d per bushel (bags extra). Wheat. — The week has been a fairly quiet one, but Saturdays cables from Home have put more impetus into the buying, with the consequence that all good lines are being picked up at quotations. Prime velvet is in demand, and also good Tuscan. Fowl feed is selling well in small lots ex store. Quotations Prime velvet, 3s 4d to 3s 4Ad • good velvet ear and Tuscan, 3s 3|cl to 3s 4d ; whole fowl feed, 3s lsd to 3s 2Ad ; broken and damaged, 3s to 3s Idinferior, 2s 6d to. 2s 9d per bushel (bags extra-,'. ’ ■ Potatoes. Supplies coming on the market are fairly heavy, but the bulk of consignments have all more or less a touch of disease. The consequence is that really prime potatoes are in demand, and are keenly competed for. On the other hand, any sorts showing any signs of disease or grub are hard to quit unless at a very low price. Very best potatoes, £4 to £4 10s: medium, £3 to £3 10s- other sorts, £2 to £2 15s per ton (bags in). Chaff.—The consignments arriving during the week have been very heavy, and owing to merchants having fairly heavy stocks on hand, it is difficult to effect sales unless at much reduced prices. The consequence is the bulk of what is coming forward is being taken into store. Medium chaff is without demand. We quote: Best oaten sheaf chaff, £4 5s to £4 7s 6d; good, £3 10s to £4 2s 6d; inferior oaten sheaf chaff, £3 to £3. ss; straw chaff, £2 to £2 15s according to quality, per ton (bags extra). ; Messrs. Donald Reid and Co. report: —We held our weekly auction sale of grain and produce at our stores on Monday. There was a full attendance of buyers, who com-

peted well for the lines on offer, with the result that nearly all the catalogue was cleared at satisactoi-y prices. Values ruled as under ; - Oats. —There is no change .in the market to report. Ihe local demand continues to be good, while there is a steady inquiry from exporters. Consignments coming forward are ,therefore, readily dealt with on the basis- of late quotations. We quote: Prime milling, -2s 3|d to 2s • 4d; good to best feed, 2s 2d to 2s 3d; inferior to medium, 2s to 2s Id per bushel (sacks extra). : )■ Wheat. The tone of the market is somewhat stronger, and all sorts are more saleable. Prime milling is in most favor, but fowl feed is becoming scarce, and has good inquiry from buyers. We quote Prime milling velvet of if o° oj 4 ! d; T " scan > etc ,3s 3 ad to 3s 4d ; medium, 3s 2sd to 3s 3d; best whole fowl wheat, 3s Id to 3s 2d; medium 2s lOd to 3s ; broken and damaged, 2s 4d to 2s 9d per bushel (sacks extra). - . , Potatoes. —The market is being steadily supplied, and all prime lines are readily saleable on arrival at a slight improvement upon last week’s values. Medium and inferior lots are not so easily quitted, the demand being chiefly for prime lots. We have also fair inquiry for prime hues for forward delivery, direct from country stations f.o -, q n ot f : Prime Up-to-Dates, £4 5s to £4 10s; medium,’ £3 10s to £4 inferior, £2 10s to £3 per ton (sacks included). Chaff.—The market has become 1 heavily supplied, a very large quantity having come forward during the past week. The arrivals have been so heavy that it has been impossible to effect a clearance ex truck, and to avoid sacrificing it a large quantity has gone into stores. Values have suffered to the extent of about 5s per ton. We quote • Prime oaten sheaf, £4 2s 6d to £4 7s 6d; medium to good extra)* t 0 £4 ’ straw chaff, £2 10s to ~ 15s per ton (bags Messrs. Stronach, Morris and Co. (Ltd.) report for week ending April 25, as follows: Oats.—There is very little change to report. There is a good demand, and consignments are coming forward fairly regularly. Quotations: Prime milling, 2s 3£d to 2s 4d • good to best feed, 2s 2d to 2s 3d; inferior to medium, 2s to 2s Id per buslieel (sacks extra). Wheat.—There is .a good demand, and lines are more leacliJy sold. r owl wheat is scarce and is in demand. rime milling velvet, 3s 4d to 3s 4*d ; red wheats, 3s 3*d to 3s 4d; medium to good, 3s 2*d to 3s 3d; best whole fowl wheat, 3s Id to 3s 2d; medium, 2s lOd to 3s; broken and damaged, to 2s 9d per bushel (sacks extra). Chaff. —Very heavy consignments are coming forward, and sales are hard to effect. There is a good deal of medium chaff about, and it has no inquiry. Quotations. Prime oaten sheaf, £4 2s 6d to £4 7s 6d; medium to good £3 15s to £4; inferior, £3 to £3 10s; straw, £2 10s to £2 los per ton (bags extra). Potatoes.— Steady consignments are coming forward and prices show a slight improvement on last week. Medium and inferior lots are hard of sale. Quotations: Prime Lp-to-Dates, £4 5s to £4 10s; medium, £3 10s to £4; inferior, £2 10s to £3 per ton (sacks. WOOL Mr. M. T. Kennedy, 217 Crawford street, Dunedin, reports as follows: R abb i tsk in s. 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, 6d to 8d per lb; fine crossbred, s;}d to 7d; coarse do., 5d to 6)d; pelts, 3d to sa. Hides.— Sound ox, 6d to 8d ; do. cow, 5d to 6£d; damaged ox and cow, 3d to 4£d ; calfskins and yearlings (sound). 6jd to 9d. Horsehides, 8s to 14s each. - Tallow. —Best in casks, to 26s per cwt: do., 245: mixed. 18s to 20s'; rough fat, 16s to 20s. Prompt returns. No commission. Stronach, Morris & Co., Ltd., report as follows: Rabbitskins.— We offered the largest;catalogue at yesterday’s sale, the majority consisting of summer skins) here was very good competition, and prices showed a slight rise as compared with last sale. Quotations : inter does, 16cl to lid; winter bucks, 14d to 16d; incomings, l*ld to 15 pi ; autumns, to 15d; racks, 9d to 10-id ; light racks, SRI to Old; springs, 9Ad to 12d; milky does.' 6RI to 7|d; weevilly and broken, 5d to 7RI; runners and suckers, 4H to 6Ad; horse hair, 17Ad to 18Ad. Sheepskins.—We offered a "large catalogue at our sale to-day to the usual attendance of buyers. Bidding was very slack, although prices were about equal to last sale’s rates Buyers seemed very indifferent. However, the sales in London this week may effect matters. Quotations: Halfbred, 63 d to 7 pi; fine crossbred, 6Ad to 6pi ; coarse, 6d to 6|d: best pelts, 5d to s|d; medium to good, 4d to 4pl • medium to inferior, 3d to 4d; best lambskins, 6d to 6Jd • medium to good, 4Jd to 5Jd. ' ’ Hides. —Our next sale will be held on Thursday, 27th instant. • . Tallow and Fat. —There is no change to report in the tallow and fat market, prices, if anything, being a little easier. t