COMMERCIAL.

Evening Star, Issue 14626, 24 July 1911, Page 8

COMMERCIAL.

♦ There was a fair amount of inquiry for wheat last week, btit-\farmers generally are not prepared to accept current prices. A number of sales have been mr.de, mostly in smal Hots. Rer wheats have been sold at 3s 4d, less (Oinmissiou, at country <sta- ! tions, while velvet has commanded a halfj p?nny more, and a mixed line of velvet j and Tuscan was taken at 3s 4d net nt a country station. Potatoes have weakened | in value, with no business passing. The 'Gazette ' states* that in order to arrive at the correct basis of value for duty of the bodies and accessories of motor cars, the invoices for such car ashipped to New Zealand after .September 30, 1911, shall be expected to show, in addition to the price paid for the complete ear, a statement showing tho price ordinarily charged for home consumption in the country whence exported of the chassis, tyres, body, footboards, mud guards, lamps, and any other accessories when sold separately, also the usual and ordinary trade discount on such articles when sold for home consumption in the niiantities appearing in the invoice. A declaration in accordance with the above will also be required. THE WHEAT SUPPLY. Press Association —By Telegraph—Copyright. LONDON. Julv 23. (Received July 24. at 8.40 a.m.) The total quantity of wheat and flour afloat for the United Kingdom is 3,050.000 quarters, and for the Continent 1.685.000 quarters. The Atlantic shipments were 132,000 quarters. The total supplies are : Europe, 1,110,000 quarters ; Argentina, 120.000 quarters: Russia, 280.000 quarters • Danubian provinces. 40,000 quarters; India, 312,000 quarters; and Austraalsia,, 125,000 quarters. THE MARKETS. Press Association—By Telegraph—Copyright. LONDON. July 22. Sheep.—Canterbury and Southland, unchanged ; North Island, 3 7-16x1; best brands, 3 11-15 d; New Zealand ewes, 3|d. Lambs : Canterbury, light sjd, medium 4|d, heavy 4£d ; Southland and North Island, unchanged. Beef.—Fores, 2£d ; hinds, 3-jd. Australian.—Sheep, light 3£d, heavySid ; lambs, none offering: beef, fores 23-16 d, hinds 3 l-16d. South American.—Sheep, light 3|d ; heavy 3|d to beef (frozen), fores 2sd, hinds 3-Jd to 3|d. GRAIN AND PRODUCE. Messrs Donald Reid and Co. report: We held our weekly auction sale of grain and produce at our stores to-day, when prices mled as under: Oats. —The demand is limited, and as holders are not disposed to accept any reduction on lato values there is little business being done, except in prime seed lines. We quote: Prime milling, 2s 4£d to 2s 5d ; good to best feed, 2* 4d to 2s - ! ferior to medium, 2s 2d to 2s 3d per j bushel (sacks extra). i Wheat.—There is no change to report. | Millers are still open to take prune seed j jines of velvet -md velvet-ear. but are fully | supplied with Tuscan. We quote : Prime j milling velvet, 3s 6d to 5s 7d; velvet- | ear, 3s sjd to 3V to 3s 6d ; medium, 3s 4jd to 3s 5r ; best j whole fowl wheat. 3s 3d to 3s 4d ; medium, ; 3s to 3s 2d ; broken and damaged, 2s 4d j to 2s lOd per bushel (sacks extra). | Potatoes. —The market continues to be j well supplied, and with poor inquiry from j shippers it has been impossible to maintain late values. We quote: Best table pota j toes, £2 15s to £2 17s 6cl ; choice, to £5 : ; medium, £2 7s 6d to £2 12s 6d per ton . (bags included). i Chaff.—The market is well supplied. ; Prime oaten sheaf is the only claes in re- j quest, and sells at £4 5s to £4 7s 6d ; medium to good, £3 las to £4 2s 6d ; I light arid, discolored, £5 5s to £5 12s 6d j per ton (bags extra). ;

Messrs Daigot-y and Co. report as follows : —We held our weekly auction sale of grain and produce at our stores todav. when we offered a large catalogue to "'the usual attendance of buyors. Bidding was decidedly slack, and the bulk of chaif and potatoes was passed in. The following are quotations: — Oats.—The market is very quiet. There is no demand for shipment, and there are. few lines offering; from the country, consequently iik. volume of business is passing. Prime milling, 2s od to 2s ojd; good to best feed, 2s 4d to 2s 4-Jd; medium. 2s 3d to 2s 3Jd : inferior, 2s to 2s 2d per bushel (bags extra). Wheat.—Prime velvet and velvet ear is in demand, but other classes are not much sought after. Fowl feed is more plentiful, but is being worked away in small lines to the local trade. Prime velvet, 3s 6d to 3s 7d; velvet ear and Tuscan, 3s 5d to 3s 6d: best whole fowl feed, 3s 3d to 3s 4d ; medium do, 3s to 3s 2d; inferior and broken, 2s 7d to 2s lid per bushel (bags extra). Potatoes.—At to-day's sales fairly large entries were offered, but owing to the absence of demand the bulk was passed in. Best table sorts, £2 17s 6d to £3; medium, £2 os to £2 15s; inferior, £1 10s to>£2 per ton (bags in). Chaff.—Supplies coming to hand from the country are steady, and if anything the market is a little easier, as "buyers hold fair stocks. We quote: Extra' choice black oaten sheaf, to £4 10s; prime oaten sheaf, £4 5s to £4 7s 6d; good oaten sheaf, £3 17s 6d to £4 2s 6d; medium do, £3 to £3 10s; straw chaff, £2 2s 6d to £2 10s per ton (bags extra). .WHY PAT DROPPED. An Irishman fell from a house and landed on a wire about twenty feet fiom the ground. After he had straggled a moment the man let go and fell to the ground. Someone asked hia reason for letting go. " Faith," was the reply, " I was afraid the wire would break."