LATE COMMERCIAL.

Mataura Ensign, 18 March 1909, Page 2

LATE COMMERCIAL.

(iOKL COJIHIiItCIAL KEViIiW. March 1?. 'Ensign' Otlice, Outs.—During the week between WOO and SOW sucks of new graiu have bceu ottering, tlio bulk ol which is iu good condition. Old oats are now neglected, and growers will have to take feed prices .unless the grain is heavy and bright. So far Inn inn ha.- bien of a hand-to-mouth nature, but it cannot lm suid that the market • lias yet settled down As anticipated, the prices offering are from Is Id to Is -d per bushel on trucks, according to quality, aud at theso prices growers are sellers. The outlook is not very promising eon.-idcr-ing the lack of inquiries aud tin- huge quantity of grain iu the country. .Merchants who held usual supplies of cornsacks now cannot fulfil orders, aud this being the ease so early iu the year confirms without a doubt the general opinion that the yield is an exceptionally heavy one. At present the demand for shipping is bmuli, and merchants do not anticipate that they will be able to give more than Is I'd per bushel uu trucks. At tliib price there will bo a good deal ol speculation, but the chance of a risu iu the near future seem remote.

Chaff.—lu sympathy with the price ol oat- dir.if will sutler u turther decline. During tho week sales were made at 500 on trucks for prime quality, but this price is not obtainable to-day, and merchant* will not operate beyond 15-. U heat—About the usual quantitv is on offer, and prices are firm at from 3s (id to d.i lOd per bushel for McCalluin's Tuscan and Velvet, according to quality. It is anticipated thai prices will advance, but as tho present price ia payable one \oiy few growi-is intend holding.

lij'vgruas etc.--There ni> improve- | incut iu tin- shipping demand, and us i the m;ilority ol Hit l .seed off<?i-iii}f i> of pool- ijni'lity very liltli. business lihs b'jo >1 done. The lii-l price reported duriiiK llie lit>t ueek «»•. ii line of L's}lb scil. This »a- eold ul 1* Oil. while <>tliei line.- ol it,"ilium am! infeiior qualily brought jrmu 1- l!d to I- Sd per bushel. * io-nl lieaiy line- -lnuild be unit)> holding. but Hklil chaffy samples ure Imi'il to <|iii( lit ini.v time. Tlie majority ill the Walinea Icscuti ) 1 i)now been Milil ul from til In lid per llj. 'i'liis seed i- in pool demand compared with other ye.ns, .-iii'l in pi i.p.n tinn to prices for nth"i is «"ll "Id at (lie above lU'iee-. S.YLIS OF KAl'UOu STOCK At tho sale of the Kauroo (Oaiiiarut stock mi Tuesday liigli prices prevailed. Two-tooth halfbred ewes brought li's lOil, lour-tootli do. one guinea, sixtooth do. 18s !)d, mid eight-tooth do. lUs. Two-tooth thrce-quarterbred enes realised 18s (id, four-tooth do. '2os Id, six-tooth do. lids (id, and eight-tooth do. Los 7d. Canterbury took the bulk of the lines, the feed m North Otu go not being sufficiently plentiful to justify fanners tliero iu purchasing extensively at such rates. THE .NEW SOl'Til WALES LOAN. Ot ELECTItIC TKLLUItAI'H UOPIUIOHT. IEB UNlltr. I'UKUS ASSOCIATION. Kcceived March IS, JO.IU a.m. LONDON, Mure 11 17. The scrip recently Hunted in connection with tho New South Wale, loan of .tl,. r ibO,OUO at per eent. lias beuu quoted at about I per eini. di-eoiint. LONDON MAItKETS. Received March 18. 10.10 a.m. LONDON. Mareli 17. Silver is quoted at Is lljd per ounce. Three cargoes of Australian wheat were sold at 39s (3d, a fourth cargo mid 15,000 quarters of Jaiiuarv-Fobruary shipment realising 39s !ld ami two other cargoes 39s IOJd to 10s. At tho talow sales 787 casks were offered and 536 wore hold." Quotations: Mutton—Fine, 8s 3d; medium. 30s: Heel—Fine, 3L's; medium, '2!)s ( Jd. LONDON WOOL SALES. lteccived March 18, 11.].") a .ui. LONDON. March 17. I here is an animated sale tor wool nml prices lor merinos evince a hardening tendency. At the wool sales the following prices joi"| ■ —Ng'-topa. IOJd ; Tauroa, AMERICAN WHEAT SUPPLY. LONDON. March 17. I lie. American visible supply of wheat totals (M,3(>1,000 <iu»rters. Me&srs Diilgetv and Co.. Ltd.. rcliort having received the following cable from their ho;"l office, dated Ixjndon, March 10--" J lie w 00l sales continue firm and latcly-rejiorted sales are fully maintained. Iho third -series of sales has been fixed to open on May -1. The quantity has been limited to' l. r i(),000 bales net lien- arrivals, provided the quantity be reached before April 25. No wool arriving alter that dato will be admitted."