COMMERCIAL.

Press, Volume LV, Issue 16421, 15 January 1919, Page 10

COMMERCIAL.

LONDON MARKETS. (By Cable.—Press Association.—Copyright.) (Australia® and N.Z. Cable AesocUtion.) LONDON, January 12. Rubber—Para 31d, plantation 25Jd, smoked ilomp—Priirs are uncharged. GRAJN AND PRODUCE MARKETS. (BT Orß COMMERCIAL EDITOR.) Tuesday Evening. The Government has so far not made any alteration in its offer of 6« 6d per bushel for this season's wheat crop, and th<>. method of handling, the wheat through brokers, as was done - last'year, will' prok«ably bo again adopted. Very little wheat has yet been cut, but ■the oats harvest is becoming general on tho light land. A good many paddocks hare beeu reaped and some stacking has been, done. Owing to the scarcity of labour it is not likely that- there will be much stook threshing-, at any Tate not until there is -a larger quantity to handle. Preparations nre, however, being made for somo chaff cutting. The quality of the gTair. promises to bo tho best since 1915. Tliore i« no business yet to report in new era in, or in chaff, the market for tho latter at present being limited. There is not a very large area .in barley this season, but the crops are generally excellent. and some of them have been reaped. The potato crops are looking very healthy but would better for a good rain. The following are the prices .paid to farmers at country stations, free of commission, sacks extra, except whereotherwise stated: Old milling wheat according to Government price! South Island, 63 OJd, f.0.b.; North Island, 4d additional. Oats (nowinnl) —B"«t Algerians, ff"' 4« G'l to 4s ftd. seed 4« 9d to os: best Gerton?. Ss to 5s 3-.1, feed 4s 6d to 4e 9:1; Duns and Danish,- os. Barley Flour—£ls 10« per ton: 1001b bags. £16 ss; 501b bags, £16 251b bags, £16 15s. Bran—Shipping- £5 10s, local £5 15a per ton. Pollard—£7 10s per *.on. Oatmeal—2slb bags £30 per ton, 7lb bags £34 10s per ton. Old Oatshopf ,Cha.ff.—(Nominal) heavy, bright, £6 to £7, medium £5 to £3 10s; inforior, £4 to XI 10s Italian Ryegrass.—Stripped seed 4s. ; 7IANGIORA MARKET. At tho Rangiora market yesterday there « a. varding of 122G fat lambs and 238 fat «he»>p. The freezer buyers were present in full force., and keen competition resulted in goodprices with practically a'complete clearance. Prime Jorabs made 20s 9d to 30a Gd. medium weig.nts 263 to 27s lOd, and lighter 21s to '25s 7d. owes prime 23s 8d to 29s- lid, others 23s 7d to 26s 3d, wethers 27s 9d to 32s Dd. Amongst the principal sales were: — Lambs, for W. Power, 90 nt 27s od; J. C. Bailey, 168 at 27s lid; J. Dalzell, 38 at 27s lid: S. E. Ritchie, 32 at 24s Ud: C. Lecch, 30 at 30s Cd. 14 ot 30s 3d; D. W. L. Mehrtens, ]5' ? t 30s 6d; M.Fitzgibhon (Ohoka), 36 at 2Ss Od; J. Henderson, 2G at 25s 7d: I. Croft-, 132 at 25s 6d; S. Graham, 317 at "0s 3d: J. Schaffer. 38 at 21a; F. Hyde, 34 at 23s sd; E. and R. Verrall, 131 at 2?7s JOd to 30s 2d; Mrs F. Evans, 19 at 30s sd; S. McGowan, 27 at 26s 3d. Ekves —C. Leech, IS at 2)s 6d; W.* Power, 22 at 28s Bd. Wethers—S. McGowan, 10 at 255: E. and R. Verrall, 10 at, 29s 3d; and F. Croft. 43 at 29s 7d. Of stores there was a tota-I entry of 719. Sales were mad© as follows:—48 forward two-tooth ewes at 33s 3d; 9S forward eotmd-moitth - wethers 25s 10d, aond 47 four, six, and eight-tooth ewes at 29s lOd. Several other lota were passed in, including 201 twotooth wethers, which did not elicit a bid. Cattle:—There was a yarding of 36 head. Springer® made £3 to £14, yearlings to IS ■months catUe £4 5s to £5 16s, bulls £0 23 6d to €8. ... Pigs.—About 130 were penned. Baconers made 80s to 120s, stores' 50s to 63p, and small pigs IS>3 to 30s. . . In t ! ia pouitry deportment. -Toostexs sold.ft 7j a couple, hens 4s Bd, pullets Ss, dnck3 7s, gee3® 6s 6d. In. the n-rodnoc yards chickwheat Cs to Cs Ed a bushel, oat-a Gs, gi-ass seed 2s Gd to ss, bran 12s fid 1601b, sharps 17s 6d- 1801b.-pi? meal 15 1 : to 20s :i sack, oal-»lieaf chaff 4i R'l to 3s 6d. new potatoes 2d lb, onions 3d lb, turnips Is 121b kit. ASHBURTON STOCK SALE. Tho entry of fat sheep at the Tinwald yards yesterday lotalled 1154; includinsr 15G ewes, 94 wethers, and 604 lambs. There was a large attendanco, aud bidding was particularly brisk. Freezing buyers were oper-ating,'-and satisfactory prices were realised, especially for prim© quality. Best qiiality ewes made ( 28s ,6d to 31e, good 21s lOd to 27s 9d, prime wethers 32s 6d to 335, good 2gs to 30s, and fat lambs 24s 5d to 28s id. Tho yarding of store' sheep -totalled 3736, consisting of 1422 lambs, and 605 wethers, the balance being dry ewee, and ewes with lambs at foot. Tho salo was the slowest hold for some time, and of the yarding 2891 wcro passed at auction.' Sales were: 23 failing-month ewes 17s 6d, 250. two-tooth' ewes at 33s 6d„lo8 at 32s Id, 77 at 32s 9d, 124 four ; nnd- eix-tooth wethers 27» 4d, S9 mixed sex lambs (small) at 14s, 27 at 19s, 77 sound and failing-mouth owes and 69 lambs (all counted) at 21s Gd. There was an entry of about 60 head of cattle, and. the prices realised wore considered highly satisfactory. Prime steers mad© £14 ' 5«. to £15 10s, medium quality £10 5s to £13 -15s, fat cows £11 to £12, and fat heifers £10 to £11 10s. There was not a good demand for "stores. •' Cows in profit made £9 ss-to £10 2s Od, cows with calves at foot £10 and £10 ss, yearling heifers £5 2s 6d'to £6, and fifteen-months' old heifors £5 17s 6d. 0 ■ IMPORTANT BUSINESS AMALGAMATION. (ritESS • ASSOCIATION TEtECpAM.) _ PAJTOEyiRKE, January 14. The most important' commercial transaction In th© history of-southern-Hn-wke's Bay was completed yesterday, • when the old-establish-ed business, the Dannevirke Co-operative Aseociation, was with the "Waira-Tfl-pa Farmers' Co-op.' Association. .In future the'"business . will bo carried on in new buildings, which are. being erected on the fire-swept area, and: which; when- completed, will be the biggest departmental store in Hawko's Bay. The amount involved in the transaction is approximately £90,000. ' GALVANISED IRON ROOFING. The' price of- second-hand corrugated galvaiiised iron,.roofing has declined eoraewhaat since" the armistice was signed. A. lot of 200 sheiate marked .with nail holes was submitted to auction by an Auckland, firm of auctioneers' last week, and the prices realised .werp, from 5s .to 78 6d a length, as comFared with 9b 6d a length upwards about wo', .months ago. . Before, the war secondhand - roofing iron sold at about 3s 6d a length. THE PROPERTY MARKET. •Tones, McCrostie Company, Ltd., sold by publio, auotion, yesterday, on account of Mr Queree, his Bix-roomed bungalow, and J-acre of land, situate.at No. 118 Bishop street, St. Albans, to Mr A. F. Martinengo, for £1030. BUTTER FOR "WEST COAST OF AFRICA. TRADE POSSIBILITIES. (special to "tub tress.") AUCKLAND, January 14. Tho possibilities of Ira<!o ia tinnea" butter with British, possessions in the Weit Coast jf Africa are referred to in cntjiusiustjc terms by Mr A. C. Smart, a business • man who recently came to New Zealand after spending Bo.veral years in Africa, and who is, now in Auckland. At present, said Mr Smart, thorn wcro two eourcea of supply ot butler tor the whole'of the West Coast of Africa. By iar tho'greater portion of th© butter used came from Denmark, and tho remainder from Dorset and Somersetshire. "I have paid 2s 0d and 3s per half pound tin for butter in Acera,°'. >aid'Mr Smart, and even then tho bu r W-r is invariably old and occasionally quito. rancid. The natives ar© great lovers of butter. Unscrupulous traders buy old consignments of tinned butter and sell it to unsuspecting native.". It should bo an e<> s >" thing for New Zealand to take tho place of Denmark in supplying an essential uairying product which would bo both appreciated and well-paid for there is at present ample shipping facilities for direct trade to New Zealand along the coast. Tho chief centre of distribution for the product would bo Sierra Loone. I* rom that port, at which any quantity. of- tinned butter could b© stored, intercolonial . coastal vessels would . convey it to the other centres, whencc it would be distributed into the interior. EGG MARKET. Th© weekly egg sale of the Canterbury Egg Farmers' Association was held yesterday afternoon, at the rooms of Messrs Harris Bros., auctioneers, Hereford street. There was a large entry, and every'lot was sold at the following prices:—First grade hen eggs (2oz and over), Is 6d to "Is 6id; second grade, Is sd-to Is s£d; Competition eggs, Is 6d; duck eggs, Is 6d. 1

Claridgo and Smith, of the Farmers' Saleyard.s ' resumed their weekly sales last Friday,. There was a largo audience,. Commencing with an entry of 22 horses,-out of which 15 were s-old, the principal sales were: —Brown gelding £8

10s. ditto £6 12s 6d. bay roaro £o 10s, black pony £6 2s 6d, chestnut gelding £13 os, and others at usual prices, from £lo 10s to £7 10s. Pigs—Weaners 19s to Collio dog 2os, sets of harness 355, S9s, £3 3s Od, £4 10s, 3os: saddle £3, gig saddle 15s, cart saddle 31s, harness traces 6s to 16s, spar© collars os Hd to Us. ditto collars and hames /s Gd to £-. farm dray £10, gigs £33, £12, cart £10 10s, trap £o, bicycles 30s, 3fis, £2 los. £3, 2os; motor-cycle £10 10s, tank £2 ss. gas stove 17s 6d, cultivator 15s. churn 7s <xl. cistern £- 2s. piping, 900 ft at od ; garden hose 20s, lis Gd ; tomato frame 17s Od, mangles 12s, 325: duchess chest- 30s, sideboard 30s. sacks 61 d to 0d each, and a largo collection of sundries at satisfactory prices. Claridge and Smith, auctioneers. 7281 CHRISTCHURCH STOCK EXCHANGE. LATEST QUOTATIONS. Buyers. Se'lers. £ s. d. £ b. d. BANKS— C'om-mcrcinl «->f Australia 13 0 — Notional of New Zealand — 6 6 0 Union of Australia (cum. div.) .. CO 0 0 —• INSURANCE— New Zealand .. .. 11 2 6 — Standard .. — 2 7 0 LUA.V AND AGENCY— National Mortgage .. 410 0 — AVri<rht. Stephenson .. 710 0 — SHIPPING— Huddart-Parker (6 per cent., cum. pref.) .. 10 9 — TIMBER— Levland O'Brien .. — 17 6 MISCELLANEOUS— T>unlop Rubber .. 17 6 — Whitcombo and Tombs 6 2 6 — MINING— Woihi •. .. 2 4 3 —