LATE COMMERCIAL

Evening Star, Issue 12884, 6 August 1906, Page 4

LATE COMMERCIAL

GRAIN AND PRODUCE REPORTS. Donald Reid and Co. report:—We held our weekly auction Bale of grain and produce ait our stores to-day. We had a full catalogue to offer, and as most of the local buyera were present and in a mood for business, nearly all the lines catalogued changed hands at satisfactory prices. Values ruled as under:—Oats: Very few consignments of any importance are now coming forward, and as local stocks are much below tho average for this season of the year, holders are not readily disposed to reduce their reserves. Most of the holdings axe good to prime quality, and as the coastal demand is chiefly for lower grades orders are in most cages'being filled from other ports. Prime milLng lines are in moderate demand, and seed lots are beginning to receive more attention. We quote; Prime milling, 2s 3£d to 2s 4d; yood to beat leed, 2s 2£d to 2s 3d; inferior to medium, 2s to 2s 2d per bushel (sacks extra). Wheat: Only moderate business is being done. Reports from Northern markets are more satisfactory, and as some of our millers are hkely to be aga.n in. the market before long, vendors are holding out firmly for present quotations. Prime milling is the only class at present in request. Medium quality has little attention from millers, although meeting with some inquiry from shippers, Fowl wheat continues to have readj sale at late values. We quote" Prime milling, 3s 5d to 3s 6d; choice to 3s 7£d ; medium, 3s 3d to 35.44 d ; whole fowl wheat, 3s Id to 3s 2d; broken and damaged, 2s 8d to 3s per bushel (eaoks extra). Potatoes: At to-day's sale all weUeonditioned lines were well competed for at prices fully up to late values. Prime seed lots, particularly Up-to-da-tes and Brij tifih Queens, aie in strong demand, and have ready sale on arrival if sound and wellshaped. For small Derwents, which arc usually sold for seed, there is practically no demand. We quote: Seed lines, £l2 to £l3 10s; best table sorts, £ll to £l2 ; medium, £lO to £lO 15s j inferior and small, £6 to £9 per ton (sacks included). Chaff: Prime oaten sheaf is not over plentiful, and is readily sold ex truck. Medium and inferior sorts are not in favor. At today's sale two choice lines realised £4 10s per ton. Prime oaten sheaf is saleable ai £4 to £4 ss; medium to good, £3 10s to £3 15s per ton (bags extra). Turnips: The market is glutted. We offered about 50 tons, part of which sold at 14s to 15s per ton (loose, ex truck). HIGH COMMISSIONER'S REPORT. August 6. The Department of Industries and Commerce received the following cable from the High Commissioner, dated London, August 4:— There is a good'demand for all lamb. Competition amongst holders to clear stocks has lowered values slightly. The average price is: Canterbury brands, 4-|d; other than Canterbury, 4|d. The mutton market is dull and weak. Light-weight Canterbury brands are fearce, and are quoted at 3fd. Heavy-weights are sellinsr at 3|d. Tne average price for best quality North Island mutton is and second class quality is quoted at The beef market is steady at the last quotations. The butter market ia firm, with an upward tendency. Choice New Zealand brands, which are scarce, are quoted at 108s per cwt. Danish is quoted at 115s, Irish at 107s, and Canadian at 105s per cwt. The cheese market is steady. New Zealand stocks are exhausted, and Canadian makes are selling at 58s per cwt. The hemp market is quiet, and small business is being done at about the same prices as cabled last week. There is scarcely any demand for cocksfoot seed. Bright, clean, dressed 171b New Zealand seed is quoted nominally at 46s per cwt. Shipments from the River Plate during the month of July, 1906, were as follow : 143,203 caronsses, Hull 10,873, Newcastle 10,013, Southampton 3,364, Cardiff 13,137, London 131,935; total carcasses, 322,515. Lamb—Liverpool 3,200 carcasses, Hull 1.135, Cardiff 1.879, Southampton 293, London 13,607; total carcasses. 19,114. Tho average price for River Plate mutton is s;jd. Lamb from the same country if quoted at 4^d.