COMMERCIAL.

Evening Star, Issue 14688, 4 October 1911, Page 6

COMMERCIAL.

There is a rather better inquiry for wheat at Christchurch, which may to' some extent be speculative in view of the outbreak of war between Italy and Turkey. _ There is, however, very little grain offering by producers, holders being firm and asking up to 3«'9d at country stations, while the limit of buyers is about 3s 7<L There is practically nothing doing in oats, in, consequence of the great scarcity of supplies. Oat sheaf chaff is worth 87s 6d to -90s at country stations. Potatoes are in better demand, and there are now buyers at 30s, whereas last week they were practically unsaleable. The leas© for 50 years, as from. July 1, 1912, of an important city block situated on tl>e jtortbt-vv-estefm corner of Cathedral square and Colombo street, and known locally as Heywood’s Corner, was offered by auction at Christchurch yesterday, and was sold to Mr George Gould, who bid £BSO. The conditions of the lease provide that the present two-story wooden building must be removed before July 1, 1913, and that a new brick or stone building of not less than two stories, and -so constructed as to permit of the addition of another story, must bo erected at a cost of not less than £IO,OOO, The site has a frontage of 168.43 links on Cathedral square and of 151 linlq? on Colombo street. The present annual rentals aggregate £1,742 ss. and the rates total £202 0s 3d. An Auckland message states that tenders closed yesterday for the investment shares offered for stile by the trustees in the estate of the late D. L. Murdoch. The shares represented a value of over £41,000. The trustees report that the tenders received were largely in excess of the shares offered. The whole of the shares, with a few trifling exceptions, were disposed of. The prices ruling in the Auckland market were fully maintained. THE MARKETS. Press Association —By Telegraph—Copyright. LONDON, October 3. (Received October 4, at 8.45 a.m. ) Copper ; Supplies, 3,569 tons ; deliveries, 32,943 tons; stocks, 67,340 tons; afloat, 7,200 tons. ■ Tin: Stocks, 17.185 tons; spot, 6,103 tons; afloat, 4,411 Ions; deliveries, 2,999 tons. Lead, £ls 2s 6d. Tallow : The stocks arc 5.216 casks ; imports, 4,748 casks ; deliveries, 5,192 casks. Moat: The River Plate shipments are as follow:—Mutton, 202,220 carcasses; lamb, 40,355 carcases ; beef, frozen 132,356 quarters, chilhxl 205,153 quarters. THE WOOL SALES. Press Association—By Telegraph—Copyright. LONDON. October 3. (Received October 4. at 8.45 a.m.) At the wool aides the Gear clip’s top price was 13Ad, and tho average 9?d; Cleary, top lid, average 10-,ld. STOCKS AND SHARES. Press Association—By Telegraph—Copyright. LONDON, October 5. (Received October 4, at, 11.10 a.m.) Banks ; Australasia. £ll6 to £118; New South Wales. £4-3 10s to £44 10sVictoria, £4 10s to £5: Union, £SO to £6l ; National of New Zealand, £5 5s to £5 10s; New Zealand. £11,10? to £l2. New Zealand Loan and Mercantile A"encv Company, £96; Melbourne Board of Works, £100“ PRODUCE NOTES. [Fkom Ora Special Correspondent.] LONDON, August 25. —Wool.— Since tho close of tho fourth series tho market, for raw material has been veryquiet. The general strike declared last week throughout the country had little effect on the industry in Yorkshire, it being tho holiday season there. Values for all kinds of tops, particularly merino, are practically unchanged, and with the settlement of the labor troubles it is hoped that a maintenance of late rates will result. Reports from the Continent are mostly good, but the situation in America continues unsatisfactory. —Hemp. - - There, ha® been little demand for spot, parcels, and for forward positions buyers show no disposition to pay the prices asked for New Zealand. Current quotations: Good fair siw.t, £l9 Iss; AugustOctober. £2O 10s nnm. ; fair spot. £l9; An gust-October, £l9 os man. ; and fair current Manila, £2O to £2O IC® per ton c.i.f. There are 1.528 tons of New Zealand afloat, fine to arrive before 21st September. , —Tow.— Sales of No. 2 quality near at hand have been made- at £l2 7s 6d to £l2 10s per ton c.Li. —Cocksfoot.- . The, market continues very dull, and there seems no likelihood of business being done in Now Zealand seed, which is quoted at Bos per cwt c.Lf. for 1711b quality, as very tine Danish can tie, bought »t 665, whilst recleaned American is quoted at 72s to 74s 6d per cwt. There is a good inquiry for shelled holcus, for which 40s and upwards could bo obtained, whilst chewing fescue, 24-2511b5, has been sold at 62s pier owt c.i.f. —Grain.— Thtv market lor wliea-t during the last four weeks has shown considerable irregularity, varying from time to time as different crop reports came to hand, but at tho close prices generally are brighter. Australian cargoes near at hand are worth about 54s 6<l, whilst for the Tains. 14,000 quarters, South Australian August-Septem-ber bill of lading, 35s 7J,d per 4801b c.i.f. wjis yesterday paid. Now Zealand parcels almost due are being offered at 52s 9d without finding buyers. In New Zealand oats there is practically nothing doing, while beans are firmly held. The N.Z.L. and M. quote: Australian wheat, 36s to 36s 6d per 4961b; New Zealand wheat—longbemed 33s 6d to 54s per 4961b, shortberried 33s to 53s 6d per 4961b; Now Zealand oats—sparrowbill 19s 6cl to 20s per 3201b, Danish 16s 6d to IBs per 5201b. —Frozen Meat.— Shortly after the date of my last advice, with a general strike of laborers engaged in tho unloading and transport of goods, the moat markets were much disorganised, and at one period it was only possible, to obtain deliveries in London ■ from two stores adjoining the market. With the settlement arrived at on lb© 19tb inst. it is hoped that the trade will resume a normal course. Fn the circumstances prices have marked considerable irregularity, but for parcels which holders were able to get out of store comparatively high prices were secured. Good progress had this week been mode with the discharge of the various vessels in dock, and at the close there is a fairly good demand at the following quotations:—Canterbury sheep, 3|d to 4]d ; North Island sheep, ojd to 3Jd; Australian sheep, 3/d to 3jtl; River Plato sheep, s[|d to sjd; New Zealand ew-es. Old to s£d ; Canterbury lamb, 5d to s]tl; North Island hunt, 5d to s|d ; Rivor Plato lamb, 4clto 4£d; Australian lamb, 4]d to 4|d. River Plate chilled beef, hinds scl to Sjd, fores IJd to 2/yl ; River Plate frozen treef, lands to 5/Ul, fores 2d to 2-^d; Australian frozen beef, hinds 3]d to 3|d, foxes 2d to beef, hinds s]d to 3]d, fores 2d to o|d per lb off tike hooks at Smithfiekl. —Tallow.—

At the auctions held on the 2nd inst. price*, generally marked, a decline, but with no sales on the 9th, owing to the holidays, and on the 16th owing to strikes, there was a reaction this week, many consumers having apparently exhausted their stocks, and values on average advanced Is per cwt. The demand is chiefly on Home account, but there are some Russian orders in band, and a good market is looked for, with probably slightly higher rates, during the next month There is also a good inquiry oil e.i.f. terms, but with offers on a small seals sales have not been larger. Yahres rele nt 31s 9d for good mixed. 32s for fair beef, 32s 6d for edible, with mutton ranging from 33s 6d to 35s per cwt, c-i.f. On the spot ((notations: Fine mutton, 35s 6,1 to 365; fair to good. 34s to 555; edible beef, 33s 6d to 35s 9d; fair to good, 32s 9d .to 33s per cwt