COMMERCIAL.

North Otago Times, 6 December 1910, Page 1

COMMERCIAL.

1 ,' t liOMB MARKETS, (By. Electric Telegraph-Copyright;) •Pel' Press Association,-. . . Received >Dec. 5, at .8.5 a,m, • - London,-Dec. 4. - . Mutton—River Plate, \ light, J v' Lamb—Best Australian, s!d. Lamb-Best Australian,, 5|d... -Beef-Australten fores' 2gd, binds, ~ 3 3-16 d, , AH other -brands .and grades remain unchanged. . • -Rabibnts-Duliv .prices nominally unchanged. " ► ' ' Wool-The top price' realised for the "Pareora clip was l6d, tlie average for the whole "dip beina llid;-' "Shares—Waihi Grand Junction, 20s ,9d to .31s 3d. . v , ■ ■'■•TheMidland Railway;- (Western Australia)'. debentures have , been allotted. .< -.. .

jHIG/i, COMMISSIONER'S REP.ORT,

Per Press Association,

Wellington, December.

. The. following,.is the High Commissioner'a.'cable, dated' London 3rd,: '••Pc'-'muttor. market is', slightly wfciicer,.: wi|t'li '.ess' demand.. River Plate inutton is in large supply, but; stocks of New Zealand mutton on hand are light and firmly held in ,fe\y hmds on account of .the small shipments expected. Canterbury 4}d, North Island id, River Plate 3jd.

The lamb market is steady , owing to the local demand, but buyers are riot inclined to make forward purchases of lainlj) at present prices. The •arrivals lately have been heavy. Australian 53d, The 'beef market is weak, supplies of. River Plate beef being. , heavy, New Zealand hinds 3§d, lores 2|d, ■ The butter market is quite but steady , for best, quality .only,. ■ the market being weak and inactive for second-class quality'; New Zealand 112s, Australian. IfrSs, Danish 11-7s, Siberian 103s. Cheese is in better demand and the market steady-, Colored 575, while •565. , ' ' ; • ". Tile-cocksfoot seed market ia iuiet, but lioldern -are firm.. Bright' clean New Zealand seed weighing 171b per bushel, 7'js per cwt. • The wool market is steady and prices! aro maintained, ? PRODUCE REPORT. William Jardine reports having held a very successful sale of poultry, etc., on Saturday last, wheniOo pair of fowls and ducks .were penned. Prices realised were as ■ follows Fowls from 2s Gd to 'is 6d per pair; (lucks, up to Gs per pair; hen and chickens, lis. produce-New potatoes Slid per lb; cherrifes, Gd per lb; strawberries, 8d per lb ;rold potass,' market bare; Morepork bacon, 6d per lb,' DUNEDIN MARKETS;' • Messrs Donald Reld and Co. (Lt'd.) report! We held our weekly auction sale of grain and produce at our stores ! om Monday. Our catalogue was a 1 small one, and under brisk -competition was speedily cleared. Values ruled as "under: Oats. —The market has been somewhat excited of late, but not muoh actual business has transpired on account ! of the limited quantity offering, All. sorts are in good demand, and meet with ready sale on arrival. We quote: Prime milling 2s to 2s 4d, good to best,feed 2s 2d to 2s 3d, inferior to medium Is ll£d to 2s Id per bushel (sacks extrai ex store). • V, heat.--Local stocks arelnot heavy, An improved demand for fowl is absorbing most if the medium quality on Jiam!, .while choice lots are being pjcked up by millers foi m'ixing purposes. - Go'od sound milling lots, although not in strong demand, are more favored, and ore moving off gradually at quotations. We quote: prime milling 35.10 dto 4s, Tuscan, velvet-ear, etc., 3s 7d to as Bd, medium 3s Gd. to 3s 7-d, tot whole fowl .wheat 3s 4d to 8s 6-d, medium 2s 1001 to 3s 3d, broken and damaged 2s 3d to 2s 9d per buuhel (sacks"'extra;)-.... Potatoes. r Old potatoes aro now practically; out of the-market, awl there were .none forward for to-days sale. Tfcerp' is' still a fair _ inquiry for prime samples, but medium lots are now almost unsaleable, New potatoes are 'becoming plentiful, and these-are worth from Ms to 16s per ,cwt. We quota: Prime old potatoes £lO IDs to £ll 10s, medium £7 to £9 per ton (sacks included-). Chafl. —The market is poorly supplied, prime quality being particularly scarce. Medium qiMty is more plentifiil, but sales of this are more difficult to effect. on the short supply prices -have again ad-vence-1. We quote :-Prime oaten shea. £5 2s Gd to £5 7s Gd, medium to nod Si 10s to £5, inferior and tocolored £3 153 to £4 7s 6d per- ton (sacks extra). , - Straw,-Wlieater. 27s Gd to 30s, oatfn' lOj to 43k Gd per ton (pressed).

LONDON BUTTER MARKET. Messrs Dalgety and Co. report tinier date London, 20th October, as follows: ." Butter.— During the past montn the butter market has been in a very unsatisfactory state. The. large quantities of stored butter held in this country have become more and more evident, and have rendered it very difficult to 'dispose o! secondary and inferior colonial at reasonable prices, and the- general depres sion has also: aftcted reallj*«*■ lity, which has declined 2s to 4s per cwt. Unsalted is much easier, to Qisrose of than salted, and ' commands more money. The present situation was brought about by the almost universal opinion that very high 'prices would have ruled for butter •during' September. Nearly everyone, from the large buyers to the small retailers, put away Siberian and other European butters, which, having been made during a wet summer! bad very Boor keeping pahties. Holders now find that wie quantity put away, being sa large defeated their object, and every eflort

is being, made to dear their stocks. Wft'imagine that when this has been done things will improve, and are more -likely -to do so when arrivals from the colonies become larger and attract more .general attention. A feature.-,that may help Australian and New Zealand is that Danish butter has recently- given little satisfaction here; owing to a falling off in the quality of a great many of the dairies. OheesePWe are glad to report an improvement in" this market,.. which is firm, and holders are endeavoring to .force, an advance. The consumptive demand,; .however,. Is llmit- : cd, and .prices are not likely to-go ' much higher until there is more enquiry. The official quotations at 21st October, 1910, were: , Butter—Danish : U7s, .■ ÜBs, 119s (slow); French, 114s, 118s (dull); Siberian, 102s, 104s, lOfo (finest only in 'dMffland):; • 'Australian, 106s .to 116s (dull;. practically no demand for anything 'below finest). , • . _ Cheese—Oanadian.. white, 55s 57s (firm, steady .demand); English, 635, 73s (fair request).- .