COMMERCIAL.

Lyttelton Times, Volume CXV, Issue 16666, 26 September 1914, Page 14

COMMERCIAL.

LONDON MARKETS.; i, ; 'MONEY AND STOCKS. 5y Telegraph—PrMa Association—Copyright. LONDO-V, September 24. ’file weekly return of the Bank of . England is as follows Sept. 17 Sept. 24 Gold com itod, bullion 43,034,009 51,023.000 Reserve . ' . . 32,543,000 80.920.0 W Proportion to'li abilities 21.8 23.33 Notes in circulation . 34,028 000 34,293,000 •.Public deposits' . 18,643 000 28.828.000 .'' Other deposits’ . - 156.042.0C0 125.267,000 . (tovernmont. securities. 25,069.000 26,032,003 . Uther- securities- . .113,793,030 125,267,000 • a Short loans J 2 per ( cent-. Three snortha’bills. 3J. per cent. ■ DAIRY PRODUCE. .■> Butter—The market is firm. Danish ■;fcajs advanced four shillings., Colonial nominally unchanged in tho absence of supplies. •• Cheese*—The market is dull. Canadian 74s' .New Zealand is, exhausted. Btiobn—Tlib' market is du11,.. Fair >• quantities’ of . Danish are arriving and ;■ celling at 80s; ; • ■•.■••• • SUGAR. . \ Sugar—Granulated 32s 6d. y‘Y - wool. 'AV.'ftn the Bradford wool market merihoes are quiet. There is a better 'inquiry for all classes of_ .cross-bred,s. Sixty-fours 2Sd, super sixties 27d, common* sixties 2Gd. , !' ' v -' rT T“ “ ' AUSTRALIAN MARKETS. 1 i GRAIN AND PRODUCE. By Telegtaph—Pr««a . Association—Copyright . .MELBOURNE, September 25. "L Wheats—4s 9d. " Flour—£lo 10s; bread, 7d per 41b loaf (all fixed by the Commission. . Bran.—£6 15s. Pollard —£7. Barley—English, 3s 6d to 4s, Capo 2s 10d to 3s. . Oats—2s,lid to 3s ljd. Maine—3s 10-)d. Potatoes—£3 to £5. Onions—£lo. ; MARKET REPORTS. . grain and produce. CHRISTCHURCH, September 24. For various reasons little trade is being done in tho grain and produce market. The repeated promises of *h© . Government to mako an announcement , in; connection with the fixing of prices, as has been done in the Commonwealth, its failureito' redeem any of these promises, and .the all-round vacillation • shown; are causing much unfavourable comment'' in;.commercial • circles, and ■ r'there is; a feeling that the matter has not been -grappled, with properly or in a manner showing any strength of conviction. If the -Government is going to net, if prices are going to be fixed for .’■all or any classes of commodities,- the ivfeeling is that it should be done witht'bitt delay,/that there should be no tem- • .'.’porisingrlno hesitancy. With the future ' Uxicerfaiii, buyers are naturally timid about paying extreme prices for grain, • since' a : mmidate> from the powers that ~'be'may compel them later to part with such produce at prices lower thau they may i have paid for it. It is understood that an interim report from the Commission has already reached the Governmentj but that it has not yet received. consideration by the. Cabinet, /; although .it is-difficult to imagine that ’ there could have been-any more important" work to demand the Government's attention. As a. result. of tho uncertainty that prevails little wheat has changed hands duringr the week. The amount that has boon plhced on offer hns been anything but great, and in moat cases holders ask prices that are about Gd per bushel above, j merchants' limits. Buyers are prepared to purchase on the basis of 5s per busner on', trucks; at country stations \ for milling - samples, but ffius price, 'V tempting aa it would undoubtedly appear in normal'times, is not sufficiently enticing to-induce many to part 'with ' their stobksV and the consequence has: , v " been that the volume .of business, has been qf -moderate .proportions. • • The demand for oats shows less briskness than it did a few weeks ago, and at tho . moment the amount changing hands is within narrow Emits. The offerings have not by any moans been iarjm, being confined largely to parcels of limited’dimensions. The Homo market is at present far from robust, and little is being done with a view to slnpi ment.-the' 1 trad© passing .being almost ■ exclusively for local consumptipn. Tho chaff * market remains ;at. Ms per top on trucks at handy stations. The ... luaiprxty ,'of'holders corridor this price • altogether too low and refuse to sell. - 'JPhe. 'potato market is exceptionally .dull,' and the trade passing hits bean; reduced to a minimum. The nominal . price-is 30s to 35s on trucks at country .- ■ stations, but at this price there are y few sellers,’as-they consider that it will pay better to feed their tubers .to the stock tban sell at such; low values. Some . have already discontinued ' r.bpying.: . - - • ■■ - "The following quotations are for pnrv ,chases: from farmers, net cash, sack's . extra,: delivered at country stations: \ Wheat-Nominal ‘4s 7d to.6s;. fowl wheat 4ft. •• .i,- :

'Oats— Gartons 2s' to 2s 7d, Algerians Is • •• W to is, Duns la Od to Is lid. Danish Is - . fd to la 10d. - Potatoes—Bo3 to 'Bss, i

“• BarUy—Malting 3g Ed to 3i «d per busi«l, geoordingto' quality! : * ; Partridge Pea*—4*. iCbafi—/2 10* to £2 ISa. Onion*—£B 10*. •K.,Br«n—Local £4 J Bw, f.o.b. £t. Pollard £6 10« per ton. : Oatmeal—£l4 per ton. Flour £lB per ton. 1001 b bags £l3 10a, -£olb bag* £181S». 2*lb bags £l4. ■v Seeds— I Ryegrass, Italian and Perennial 2a 4o 2a Bd, cocksfoot, ISlb aeed 4Jd tci 4}d, white clover j farm dressed 7d to lOd, cow grass 61d to 7|d. f DairyFroduo*—Chses®, dairy large Ejd, fresh local factory print* la Id, farmers «jfeparato'r?lod,;farm deivy 9ebr Hams la, aides 9Jd, rolls 10Jd, rolled hama lid. Lard, pat# BJd. to -9d. Eggs 8d per, dozen. PIGvS. 1 At the city saleyarda yesterday t!il?ro tv ere fair entries of pigs, but the demand lacked briskness, and valuer 1 all round were easier. Weanors realised, 9s 6d to 14s-and stores 18s to 255.. : ' . POULTRY. At the Christchurch saleyards. yesterday the yarding of poultry was a ntnall. one, the supply being much bolow requiremeiite; iudeed, years have passed since, poultry wore so scarce at the season or the year. The demand was' very- keen for all descriptions, prices being as follows: —Roosters 5a 6drto -7s 6d, hens 2s Gd to os 2d, and' ducks 5s to 0s 4d, all at per ppir. COALGATE. i At - the Coalgate sale yesterday the entry of sheep totalled only 400, made up principally of hoggets and a few email odd lots of cross-bred wethers, ewes making - up the balance. There was a limited attendance, and thocnly sales made were the few fats and one email lot of store wethers. Prices w6 re:—Fat cross-bred wethers 18s 3d to 25s 9d, fnt .cross-bred ewes, 18s to 225, four-tooth cross-bred wethers 18s 2d. Twelve head of cattle were yarded..‘Fat • heifers' sold at £lO 10s to £l2, a'fat

Jersey cow £7 10s. All the dairy cows were passed.

NORTH OTAGO. [Pzn Press Association".] OAMARU, September 25. After many weeks’ drought beueficnti rain roil to-day throughout North Otago, tho fall in the back country being especially heavy. The market is quiot in all lines of grain, and if anything is slightly easier. Oats havo been less in demand, and farmers are waiting tho adjustment of wheat prices by the Government. Millers have secured moderate supplies of wheat and now are only purchasing the very best lines offering. Current prices are:— Velvet 5s 3d, red wheat os 2d. Oats—Offerings are still light, but the stocks in the / hands of merchants and farmers arc fairly heavy. Quotations :—Heavy bright A Gartons 2s 3d, Ordinary A 2s 2d, B grade 2s Id,, heavy Duns 2s 2d, Algerian And Danish 2s. In barley there is practically nothing offering. “Quotations are 23 3d to 2s 6d.

- Little business is. being transacted in potatoes. Quotations lire 355, All prices; are net on trucks, sacks extra.

BAKER ,BRQ&, . ■ LAND SALESMEN. WEEKLY LETTING REPORT

Messrs Baker Bras., 108, Manchester Street, report having effected tho following lettings during the pant wook: —Account Mr W. Suckling, 7 rooms, Cashel Street, to Air Beckwith. Account Airs Taylor, 5 rooms, Gloucester Street, to Mr M Entee. Account Air Haddrell, 6 rooms, Linwood Avenue, to Mr Jones. Account Mrs Kater, 6 roomed bungalow, Idris Road, to Mr H. P. Hopkins. Acoount Mr Chivers, 4 rooms, Buckley’s Road, to Mr Nankorvill. Account Mr A. 0. Woods, shop and dwelling, Durhhm Street, to Mr Ayers. Account Mr Robinson, bungalow, Worcester Street, to Air Stewart. 6214