Commercial

Levin Daily Chronicle, 31 May 1917, Page 2

Commercial

.. -■ , LONIKXN MARKETTS.. . BANK OF N®W ZEALAND PRODUCE REPORT.. From the Levin.,.manager of the} Bank of New Zealand we are in receipt tbank^ ijeporff? on the-; ; Jiondo*u/pjx>diiGs. rune:— - ; ... .■ .•■•■.■v •.••• i. •' second series- ;<rf public ,sa,les, for-.-the current year commenced here.,on .J3t.h ,ult.. and. terminated on 3rd inst., the,, net quantities available . being .88,119. bales. .- From the point of view , of. prices, 'at any-raite, 'the above series has-been ..more successful than .its .iminediate predecessor. It •will be-remembered that the. close, in January, was... dejcMedly Weak, ..but . jftght,from the, opening of-these-sales , a stronger market Va», revealed - than many.. : anticipated,, all sections .'hieing keen, to buy,,.'the. last remains-..0f free 1 wa<d,T;the padlock, in -that jfespeqt -not being.fegai'ded- as bsj any,, means .wry hopefuli; ; i. Perhaps,.. th.e: striking ,fi?atiiye. >v.as. the-;total ,'tjje catalogues ,#f Zealand;,cr?ssbreds. Aq ~ui\usuaj,, experienca , ,oF this sort naturally caused very keen disappointment to many buyers, some of whom have been handling this class of wool as long as they can re. member.. >. The action :of the Government in also . Withdrawing privately owned slipes fro pi the created a good deal of surprise, but it only forms a .further pr'Oof of' -the , scarcity, of. crossbred, wooi..at the present time; .Stocks are--stated to - be only moderate, in r which case " , there i • .svould appear to be ample, justification . for the creation of reasonable. reserves, and * any action * the . .authorities may. decide to ■take in .that -direction will assuredly meet the approval-of?all ooncerned. At the very little change from the prices ruling ■ at#j£h& ajictib|ti?, 'fiitjasfthe sales' prog-rased %hfere *wa&* ''every indication that the trade was in urgent need of wool, and 'the elimination from the catalogues of many of the best , lines of merinos: .earned:: a: hardening ' tendency for the wools available with the result that during the second week of the sale prices for scoured and greasy merinos and what few greasy burry Australian crossbireds were offered denoted a general rise of 10. per .cent. . The close was marked by an exceedingly| firm. tpne 1( ,all round, the t improyemeni. jn tlje bettejr. qualities being quoted at .15 per <wnt ■■ advance. compared .to the ch^ing^^ at',the January .sales,. .. .. ... .. .... ttemp.—ln. the absencp of-..supplies there is;,,very little, Ibusiness , doing!, and values are nomipali , .Goos £69' to £70;. high poinfp 'fair £68.. f at , £69.; fair £66. jat. £67 v ; r Pielts.—Supplies at present q-re Y£?y small. ~. These l find,' late ratesi . peltg ..have, been scheduled "as prblubiied imports, nevertheless it is very difficult .to get tonnage for them and' supplies reach--ing this, market 4 are likely to ; be seriously affected for this reason. Tallow.—During tlie past four week four series of public sales have been held, ,at which 2555,- casks of Australasian were offered and '2325- sold under the liammer-, : 'The marked has continued, very firm. and-, prices show an- all. .round advance of .about. 4s .per ewt. . Offerings are very limited in any position c,i.f. values- ibeing; fully equal;, to spot- prices though -little business is possible a't present owing to scarcity of frieght. The spot market closes steady. Dairy ;■ -Butter : Acting on sugestions put forward by the Food Controller the trade' has fixed the maximum price of New Zealand butter ..at.- 2245. per - cwt., which is subject to .fortnightly: review •!by' the formej l . , . Unoer-tainty- -as- to the-«effect of the ,'maximum. .prices JiflS; Caused - a certain amount of dislocation - to. .business, and,,. .although both ■ Australian and INjew; Zealand . are' pressed for sale at about.-,Bs per ewt.: reduction, the market closes without improvement.- prices: Salted 214s at 220s per owt; unsalted 2163 «at 218s pea--, owt. ■■ • -.< .. Cheese. prioes were also . fixed for all descriptions of cheese, . but otherwises there is no fresh, feature to report. There ie still a scarcity on spot, and it is much' easier for holders to obtain the maximum price far this commodity than for .butter. . Grain markets.—As there is no 'New • Zealand grain l worth ' mentioning tin this country at the present time, 'to -give market quotations is chiefly a matter of -guess work. " LEVIN STOCK SALE. Messrs Abraham and Williams Ltd. •report: At Levin on Tuesday we had small , yardings of both slieep and cattle. A satisfactory clearance was made at the following quotationsiFat wethers (extra prime) £2 ss; fat ewes 30s to, 345; * 4-tootli ' wethers 35s 6d ; shorrt lambs (poor condition) 7s lOd to lis 6d; fat cws £11 9s to £12; vealers £4 8

18s; forwwrtj eows £7 to £9 lis; store oqnrs £6 to £6 17s 6dj 2-year steers and heifers £8 2s 6d; springing owwa £6 15s to £10 2a 44; Weaners lis 6d; small stores 12s to lis; porkers 31s to £3 4s fid. THE GIFT STOCK SAL®. It hsa been arranged' to hold a gift stock and farmers' produce cutlet in Levin some time in Jane, and to that end, canvassers are nortr busy soliciting entries. This effort is to celebrate the opening of the iHorotrhenua County (Patriotic Scheme, and its cause is hereby brought to the notice of the public. The assistance of all classes of the community m required to make the event a great one, to . ensure to those men who h*ve left this district for the war, means of existence when they return. The committee will therefore be glad to receive) gifts of either kind; or cash, and anyone who has not been avked to contribute, can send their entries to the secretary, Mr P. P. Walkley. A '■ meeting of tile committee will' bei held at the counoil chambers next Saturday evening, and all those willing to. help are cordially invited to attend.' ... * • I LAST TUESDAY'S OTOOK SALE AT MJVLJN 1 . j (Messrs Dalgety and 00., I/fcd., report as follows on their sale of live. Btoek held at Levin last Tuesday:— We offered a small yarding of sheep and cattle at Levin, and prices ruled as under Fat wetherß to 40s Id, fat ewes to 33a <sd, shorn lambs Iss 6d, ljyr steers £5 15s to £7 15s, mixed weaners 245. •