Commercial

New Zealand Tablet, 18 April 1912, Page 29

Commercial

PRODUCE •Wellington, April 15. The High Commissioner cabled from London on the 13th inst. (the quotations, unless otherwise specified, are the average market prices on:. spot) : - fMutton. —Market quiet, "but steady. Lightweights are reported to be in small supply. Canterbury is not ; quoted, but the average price is nominally 4|d. North Island, 4d for light-weights and 3§d for heavyweights. Lamb.—Market firm good demand for all lamb. Canterbury, s§d ; other than Canterbury, s|d. Beef. Market firm; better demand for beef. New Zealand hinds, 4^d; fores, 3-|d .

Butter. —Market dull, and less demand. Holders are disposed to meet buyers. The average price for the week for choicest New Zealand butter-is 121 s; Australian, 117 s; Argentine, 116 s; Danish, 128 s; Siberian, 117 s.

Cheese.—Good demand. The average price for the week for finest New Zealand cheese was 73s 6d. ""

Hemp. Market very quiet, and nothing doing. Spot: "New Zealand good fair grade, £2l 10s; fair grade, £2O; fair current Manila, £2l. Forward shipment : New Zealand good fair grade, £2O 12s 6d; fair grade, £2O ss; fair current Manila, £2l 10s. The output from Manila, for the week was 26,000 bales. The stock of New Zealand hemp is 289 tons.

Messrs Donald Reid and Co. report as follows: —•

We held our weekly auction sale of grain and produce at our stores on Monday, when values ruled as under

Oats. Consignments are coming forward more freely, and as shippers have less difficulty in filling their orders the demand is not quite so keen and values are a shade easier. Prime milling, 2s 2d; good to best feed, 2s Id to 2s lid; inferior to medium, Is lid to 2s per bushel (sacks extra). .w . .

Wheat.—Samples of the new season's crop to hand give evidence of the unfavorable conditions of harvest, and prime milling lines, instead of being the rule as they were last season, are now the exception. There is strong demand for all well-conditioned lines for milling, while indifferent lots have ready sale for fowl wheat, which is temporarily scarce. ■ Prime milling, 3s 7d to 3s 9d; medium to good, 3s 6d to 3s 7d; best whole fowl wheat, 3s 4d to 3s 5d ; medium, 3s 2d to 3s 3d; broken and damaged, 2s lOd to 3s 2d per bushel (sacks extra).

Potatoes.—We have had good inquiry for forward delivery, and fair sales have been made in the country. Early last week values were about £3 12s 6d to £3 15s at country stations, but during the past few days a sharp advance has taken place, and sales have been made at £4 2s 6d to £4 5s on trucks, while best lines % sell readily at £4 7s 6d to £4 10s per ton (sacks included) ex truck Dunedin.

Chaff.—There is good demand for prime oaten sheaf, which is in short supply. The market is being glutted with chaff of poor quality—nearly every line to hand showing signs of being cut too soon. We strongly advise clients against this course, as new chaff in this condition is almost unsaleable. Prime oaten sheaf, £3 10s to £3 15s; medium to good, £3 to £3 ss; light, discolored, and inferior,, £2 5s to £2 15s per ton (bags extra).

•• Messrs. Stronach, Morris, and Co., Ltd., report for week ended Tuesday, April 16, as follows: * Oats.— market is easier in consequence of the large supplies now coming forward. Quotations: Prime milling, 2s Id to- 2s 2d good to best feed, 2s to 2s Id; inferior, Is lid to 2s per bushel (sacks extra). Wheat.—The demand is strong for prime milling, and fowl wheat also has a ready sale. Quotations;'

Prime milling, 3s 7d to 3s 8d • medium to good, 3s 6d to 3s 7d; best whole fowl wheat, 3s 4d to 3s 6d ; medium, to ; 3s 3d broken and damaged, 3s to 3s 2d per bushel (sacks J: extra) * ;^ : / ■<-'•,■ - -: '.. ■ ' • -v;-: :

>; Chaff.—Chaff is scarce, and the market shows a better tone for prime oaten sheaf, which we quote at from £4 5s to £4 10s per ton (sacks in). ■ * ' Potatoes.—Best to-Dates,, £4 5s to £4 10s per ton (sacks in). " ; ■ % --.." ■ ~~; ; -.

* INVERCARGILL MARKETS. There was (says the News), considerable activity in the Southland oats market on Saturday, when.a large quantity of the cereal changed hands at prices which must be satisfactory to producers. A large line of 2000 sacks of Gartons was disposed of at Is Hid, and others realised up to 2s. For* Duns .and Gartons the oats were all well filled, but the color was not up to the usual standard owing to the quantity of rain that fell during the season. As to the weight, the best made'46lb per bushel, and when it is considered that 401 b is the standard, it will be seen that the crop is a heavy one. Contrary to expectations, inquiry is being made from Victoria, "where the crop has been at least a partial failure. In fact, the yield, there is the lowest experienced during the past ten years, with the exception of that of 1907. There is also a demand from London at prices which represent 2s on the Invercargill market, so it appears that those who devoted any considerable portion of their farms to oat-growing this season will be well repaid for their labor and outlay. v "■*'-

WOOL Mr. M. T. Kennelly, 217 Crawford street, Dunedin, reports as follows: Rabbitskins.—Prime winter does, 17d to 18d; second does, to 16Ad ; prime bucks, to 16d; incoming and early winter, 14d to 15d; autumn, 12d to 13d; racks, 7£d to 9d. Horsehair, 16d to 19d; catskins, 4d to 6d each. ■ ■%■'. : Sheepskins.—Half bred, 6d to 8d per lb: fine crossbred, 5 A to 7d ; coarse do., 5d to 6/,d ; pelts, 3d to sd. Hides.—Sound ox, 6d to 8d;"do. cow, 5d to 6£d j damaged ox and cow, 3d to 4 Ad: calfskins yearlings (sound), Bid to 9d. Horsehides, 8s to 14s each. Tallow.—Best in casks, to 26s per cwfc; do., 24a: mixed, 18s to 20s; rough fat, 16s to 20s. Prompt returns. No commission.

Stronach, Morris and Co. report as follow: Rabbitskins.—We offered a medium catalogue to the usual attendance of buyers. Bidding was brisk, and prices showed a slight rise on. last week's rates! Quotations: Autumns, 13]d to 14d; spring bucks, 11 Ad to 12|d; spring does, 9d to 9id; racks, 10|d to lid; light racks, 9Ad to 9fd; hawk-torn, 6d to 9id ; small, sid to 6£d. Sheepskins.—At our sale to-day we offered a fairly large catalogue to a large attendance of buyers. ; Prices all round showed an advance from id to Ad per lb, pelts being well competed for. Best "half bred, *7-}d to 7-£d; medium, 6|d to 7|d; inferior,■ 6W to 6fd; best fine crossbred, 7d to 7§d; best coarse crossbred, 7d to 7|d; medium, 6id to 6|d; inferior, SJ T d to 6d; dead half bred, 6d to 6|d;,dead crossbred, sid to 6d; best half bred pelts, 6|d to 6|d; medium, s§d to 6d: best crossbred pelts, 6d to 6§d; medium, s{d to sfd" inferior, 3d to 41-d; merino, Md to 7d; best lambskins, o'fd to 7d. ; >; ; v '

Hides.We offered a small catalogue to the usual attendance of buyers, prices being on a par with last sales. Quotations: Extra stout heavy ox hides, BAd to cf j \ stout heavy, to B|d; heavy, 7d to 8d; medium, 6|d to,7|d; light, 6]d to 6§d; stout heavv cow hides bjd to 6£d; medium, 6|d to 6|d; light, 6|d to 6|d "• damaged and inferior ox and cow hides, 5d to S l d'best calfskins, 9Ad to lOd : medium, 8d to 9\d- dam' aged, 3d to 7d; yearlings, 6|d to 7d. ' ' " Tallow and Fat,—Best tallow in tins, 22s to 24s • best rough fat, to 19s. : A ready market. ■*\ '