MAIL NOTICES

Southland Times, Issue 20081, 19 January 1927, Page 2

MAIL NOTICES

TO-DAY, JANUARY 19.

Mails for Great Britain, Ireland, Continent of Europe, Canada, United States of America, Mexico, West Indies (via Vancouver), also Fiji, Hawaiian Islands and Japan, close at C.P.O. on Wednesday, January 19, at 6.15 a.m., for despatch by R.M.S. Tahiti from Auckland. Mail due in London about February 20. THURSDAY, JANUARY 20.

Mails for Australia, South Africa and the East close at C.P.O. on Thursday, January 20, at 6.15 a.m., for despatch by sa Manuka from Wellington to Sydney. FRIDAY, JANUARY 21.

Mails for Chatham Islands close at C.P.O. on Friday, January 21, at 6.15 a.m., for despatch from Lyttelton by s-s. Tees. WEDNESDAY, JANUARY 26.

Mails for Fiji, Tonga and Samoa close at C.P.O. on Wednesday, January 26, at 6.15 a.m., for despatch from Auckland by s-s. Tofua. W. T. JOHNSTON, Chief Postmaster,

while a pen of ewes and lambs realised 13/9, all counted. Mixed sex lambs, 26 in all, were passed in at 12/-.

McNAB STOCK SALE.

YESTERDAY’S OFFERING.

There was a fair attendance of farmers at the McNab stock sale yesterday, when the entry was slightly larger than at the last sale held in December.

SHEEP.

In the fat pens there was only one, lot of really good wethers, which were sold by Wright, Stephenson and Co., Ltd., on account of Mr R. *L. Reid, McNab, to Mr W. Cox, Gore, at 29/6. Other lighter and unfinished sorts realised up to 24/-. A few pens of fat ewes were forward, and realised from 14/3 to 15/9.

There was a fair yarding of mostly wethers, but in most cases values were not up to vendors’ ideas and were passed in. Sales were made at up to 24/-. Full and failing ewes made 12/- and two-tooths 30/6. Sales were as follow:

National Mortgage and Agency Co., Ltd.: 4 fat wethers 24/-, 12 fat ewes 15/9, 76 f. and f. ewes 12/-; 46 2-tooth ewes 30/6. Passed in: 31 fat wethers 24/6.

Wright, Stephenson and Co., Ltd.: 22 fat wethers 29/6.

New Zealand Loan and Mercantile Agency Co., Ltd.: 66 store wethers 24/-. Passed in: 24 store wethers 20/3; 33 do. 23/8. J. E. Watson and Co., Ltd.: 30 fat ewes 14/3. Southland Farmers’ Co-operative Assoiation, Ltd.: 68 two-tooth wethers 21/6. Dalgety and Co., Ltd., offered and passed in 28 store wethers 18/9.

CATTLE

Some fairly good fat cows were penned and made fairly good competition. Sales of good cows and heifers were made at from £6 to £7 17/6, and lighter and unfinished sorts at from £4 to £5 12/6. Few stores were on offer. A pair of good 18-month-old steers realised £5 2/6, while a pair of smaller ones made £3 5/-, and two-year-old heifers £2 19/-. Sales were as follow: — New Zealand Loan and Mercantile Agency Co., Ltd.—Fat cows £6 10/-, £7 17/6, £7, £5 10/-, £6, £5 12/6, £4; fat heifer £6; cow and calf £3 13/-, cow £1 9/-. Southland Farmers’ Co-operative Association, Ltd.: Fat cows £5, £5 12/6, £4, 5 store cows £3 17/6, 2 steers £5 2/6, 2 do. £3 5/-, 11 2-year-old heifers £2 19/-. Passed in: Cow just calved £4 10/-.

CANTERBURY MARKETS,

POTATOES EASIEF

Christchurch, January 18

The absence of any improvement in the flour position in Australia and the rapid progress crops are making under the conditions of the past few days have combined apparently to bring farmers on to the market and sales were reported to have taken place yesterday in the Ashburton district at 5/6 on trucks. This indicates a weakening in farmers’ ideas of from 2d to 3d a bushel, but probably the prospect of a substantially heavier yield will compensate somewhat for the lower price. Oats are practically a dead letter. Farmers who generally have to feed their oats hard down have fair areas of heavy crop for cutting this year. Merchants are acting very cautiously this season in this cereal, as indeed they are in all classes of produce.

Peas have recovered the 3d a bushel loss recorded last week. The inquiry from Home having brightened, quotations are from 6/10 to 7/-, on trucks, for export quality.

Potatoes have eased, to-day’s quotation being £3 7/6 on trucks for April-June delivery. The heaviness of the oat crops or the straw growth in them is indicated by the demand for binder twine.

THE SHAREMARKET.

YESTERDAY’S TRANSACTIONS.

(Per United Press Association.

Auckland, January 18.

Sales on ’Change: War Loan (1930) 44 per cent. £97 10/-; (1939) 44 per cent. £96 15/-; Bank of Australasia £l4 2/6; Bank of New South Wales £47; Auckland Gas £23 10/-; Huddart-Parker 47/6; Crown Breweries 21/6; Auckland Amusement Park 26/-; Kawarau 3/7; Mount Lyell 28/-. Wellington, January 18. Sales reported: Bank of New Zealand £2 19/-; New Zealand Government Loans 54 per cent. Inscribed (1923), £lOl. Christchurch, January 18. Sales on ’Change: W&stern Australian Bank 54/6; New Zealand Refrigerating (cont.) 7/1; Kawarau 3/8; Kaiapoi Woollens (7/- paid), 3/1. Dunedin, January 18. Sales on ’Change: Kawarau 3/8 (three). Sales reported: Dunedin Stock Exchange Property 90/-; Bank of New Zealand 59/-.

RABBITSKINS.

LONDON SALES

Messrs J. J. Ward and Co., have received the following cable from Messrs James Morrison and Co., London, in reference to the recent rabbitskin sale:—“Rabbitskins only 15 per cent offering sold. Sales closed. Hatters 5 to 10 per cent, lower, furriers mostly withdrawn.

GRAIN AND PRODUCE REPORT.

Messrs Dalgety and Company, Ltd., Dunedin, report as follows: Oats.—The market remains unchanged. There is no shipping demand and in the absence of local inquiry it is impossible to quote even nominal values.

Wheat.—Local stocks are not large, and a fairly brisk demand is keeping prices up to late rates —7/6 per bushel, ex store, sacks extra. Chaff.—Supplies are just about equal to the demand. Good bright oaten sheaf is saleable at £5 10/- per ton, sacks extra. Any but prime lines are absolutely unsaleable. Messrs Donald Reid and Co., JLtd., report as under:— Oats.—There is nothing fresh to report as this market still remains quiet, and will probably continue to do so until new season’s crop comes forward. In the absence of sales we refrain from quoting. Wheat.—A few sales of good whole fowl wheat at 7/6 per bushel, sacks extra, have taken place, but the demand is restricted on account of the high price ruling. Chaff.—The occasional consignments which are coming to hand are quite sufficient to meet local requirements. Medium and inferior quality is unsaleable, but prime quality is realising £5 10/- per ton, sacks extra, ex truck.

METAL MARKET.

(Rec. 9.5 p.m.) London, January 17. Copper: Standard, spot £55 16/3; forward £56 11/3.

Lead: Spot £27 16/3; forward £2B 2/6. Spelter: Spot £3l 12/6; forward £3l 10/-. Tin: Spot £3Ol 17/6; forward £296 8/9. Silver: Standard 25£d; fine 27 15-16 d per ounce.—A. and N.Z.

LONDON MARKETS.

The Department of Agriculture has received the following cablegram, dated 15th instant, from the High Commissioner for New Zealand, London:—

Butter. —Market quiet. Demand principally for under-priced descriptions. Official quotations are: — New Zealand, finest salted (new season’s) ; January 15 and 8: 172/- to 174/per cwt (1/64 per lb). Unsalted; January 15: 182/- to 184/- per cwt (1/71 to 1/7? per lb); January 8: 180/- to 182/- per

cwt (1/7? to 1/74 per lb). Other qualities, January 15: 150/- to 166/- per cwt (1/4 to 1/5? per lb). Finest salted (stored); January 15: 164/- to 166/- per cwt (1/54 to 1/5? per lb); up to 168/- per cwt (1/6 per lb); January 8: 166/- to 168/- per cwt (1/5? to 1/6 per lb).

New Zealand Control Board minimum prices are:—Finest 174/- per cwt (1/6? per lb; first grade 172/- per cwt (1/64 per lb). Australian; salted; January 15: 166/- to 170/- per cwt (1/5? to 1/61 per lb); exceptional 172/- per cwt (1/64 per lb) ; January 8: 166/- to 172/- per cwt (1/5? to 1/64 per lb). Unsalted; January 15: 170/- to 176/- per cwt (1/6? to 1/6? per lb); January 8: 172/- to 176/- per cwt (1/64 to 1/6? per lb). Other qualities; January 15: 148/- to 166/- per cwt (1/3? to 1/5? per lb).

Argentine; unsalted; January 15: 158/to 162/- per cwt (1/4? to 1/51 per lb); January 8: 158/- to 164/- per cwt (1/4? to 1/5| per lb). Other qualities; January 15: 144/- to 153/- per cwt (1/3? to 1/44 per lb). Danish; January 15: 176/- to 178/- per cwt (1/6? to 1/7 per lb); January 8: 180/- to 182/- per cwt (1/7? to 1/74 per lb). Cheese.—JJemand is good for Canadian and Australian, New Zealand steady. Official quotations are:— English Finest Fanners’ (demand is good); January 15 and 8: 108/- to 112/per cwt (114 d to 1/- per lb).

Canadian; finest coloured and white; January 15: 96/- to 98/- per cwt (10? d to 10« d per lb) ; exceptional 100/- per cwt (103 d per lb). Canadian; white; January 15: 96/- to 98/- per cwt (10? d to 104 d per lb); coloured and white; January 8: 94/- to 98/per cwt (lOd to 10 Ad per lb).

New Zealand Control Board minimum prices are:—Coloured, finest 95/- per cwt (lOd per lb); first grade 94/- per cwt (lOd per lb) ; white, finest 94/- per cwt (lOd per lb); first grade 93/- per cwt (9?d per lb). Australian; coloured and white; January 15: 93/- to 94/- per cwt (9?d to lOd per lb); January 8: 92/- to 93/- per cwt (9?d per lb). Shipments of New Zealand produce arrived this week per Port Hobart, Ruapehu, and Ruahine.

Tallow.—Spot market quiet, but steady. Business is fair for shipment. Prices are the same as last quotations. Casein. —Official quotations are:—French rennet £59 10/- to £6O; English lactic £62. Wool.—Bradford market firm on overseas advices, but new business lacks bulk. Prices for tops unchanged.

Hemp.—Small supply of manila. Market firmei’ and a good business has been done at advanced prices. “J” grade NovemberJanuary and January-March shipments sold at £4B to £49. Sisal market dull. No. 1 Tanganyika and Kenya sold £4O 10/-; No. 2 £39 10/- for January-March shipments. New Zealand market quiet at last quotation.

Cocksfoot.—Danish market quiet, but rather more inquiry since New Year. Sellers quoted equivalent to 70/- per cwt,c.i.f.» New Zealand.

FOREIGN EXCHANGE RATES.

(By Telegraph—Press Assn.—Copyright.)

London, January 17. The exchange rates are as follows: Aug. 30. Jan. 17. Paris, fr to £1 .... 172.37 122.00 Brussels, belgas to £1 .. 34.85 34.90 Oslo, kr to £1 22.16 19.97 Copenhagen, kr to £1 .. 18.28 18.22 Stockholm, kr to £1 .. 18.15 18.17 Rome, lire to £1 .. .. 150.12 112.87 Berlin, reichmkn to £1 20.40 20.46 Montreal, dol. to £1 .. 4.86 11-16 4.86? New York, dol. to £1 4.85 4.85? Yokohama, st to yen . 23 11-16 24? Calcutta, st to rupee .. 18 18 1-16 Hong-Kong, st to dol .. 26 A 24 Amsterdam, gldr to £1 12.114 12.13? Batavia, guilder to £1 12.084 12.11 —A. and N.Z.

WHEAT CARGOES

(Rec. 7.55 p.m.) London, January 17. Wheat: Cargo demand is inactive, and prices are unchanged. Parcels moved quietly at an advance of 3d. Liverpool Futures: March 10/44; May 10/1*; July 10/2 per cental.—A. and N.Z.

BRADFORD MARKET.

(Rec. 7.55 p.m.) London, January 17. The Bradford wool market is firm, but little business Is passing awaiting the opening of the London sales.—A. and N.Z.

CHICAGO WHEAT QUOTATIONS.

(Bj Telegraph—Press Assn.—Copyright.)

(Rec. 5.5 p.m.) New York, January 17. Chicago Wheat: May 139?; July 130?; September 127? cents per bushel.—A. and N.Z.