COMMERCIAL.

North Otago Times, Volume CIV, Issue 13723, 14 November 1916, Page 3

COMMERCIAL.

' ■'■'"' '' 'i■,* ■'.■)'.,'"■''.• <:• HIGH COMMISSIONER'S REPORT;'.

(Per Press' Association.) WELLINGTON, November 13.': •The. following is the-High Commissioner's report, dated London, Novomi bor 11th. Quotations, unless otherwise specified, are tho averago market prices on spot:— Meat of all descriptions, v including [frozen moat, is' in slow'demand'with 'unchanged' prices, owing-'to the large supplies l of Hom'eiilled'-mutton 'and beef and English lamb/ 'New Zealand mutton 80, ■ New Zealand lamb 9§d; Argelitiho mutton, ; heavy-weight ■ B||d; liglit-woiglit B§d, For the beef 'available the quotations are:—New Zealand hutl'ibccf, hinds 7fld. fores Gjd; Argentine chilled'beef, hinds Siij fores 7i|d, The butter market continues firm, offerings from all sources being small and prices high'er.' panish medium grades are in good demand'. New Zealand salted 202s to 2045; ■ American creamery is in good demand, salted 1l)0s to 1925; Argentine, salted'l9Bs to 200s, unsalteft 200s to 2065. The cheese market is active with advancing prices.' Canadian, white 116s to 120s per ewt., coloured 116s to 120s; English cheddar, 128s 'to 130s. The New Zealand stocks are exhausted and there are'no official quotations. United' States' 'flats, white 115s to 117s. Tho stock of New Zealand hemp' on hand at the end of October was 555 : tons,-'' ' '' ■■■ '■ The "Wheat' market is firm and-un-settled, and prices cannot be quoted, as' the quotations are misleading.

Oats.'—The market remains firm, with prices slightly - 'advance*! for all gra'des, New Zealand 40s,- on spot; ' : ' DUNEDIN GRAIN AND PRODUCE REPORT. Messrs Dalgcty and Co., Ltd., Dunedin, report as follows: Oats—There has been more, enquiry during the last few days,-and the market' is firm at quotations. There is no volume of business passing, as offerings from the country have been light, Good bright, heavy lines-of Cartons are readily placed at quotations. Feed lines are absorbed principally in filling local requirements, Prime milling ,3s Id to 3s 2d, good to best..feed.2s lid. to 3s, inferior tp...medium 2s 7d to 3s 10.(1 per bushel (sacks extra). ■■■ , . Wheatr-iA strong, demand continues for all classes, Velvet is very scarce, and. strongly enquired for. The- bulk bf,jhe.. .offprjiigs .comprise, Tuscan of medium quality; which is, meeting with an improved demand, and saleable at an increase ,on, late rates. Prime milling' Velvet 5s 6d'to,ss 9d,- milling Tuscan'ss Id to. 5s 4tl,per bushel (sacks,extra). Potatoes—Only small consignments of old season's tubers have;been coming late, and Die quantity, .available, lias heetu barely,, equijlfto the <lemawli wUK, itUe.tSQsuJ.fi. that- values remain firm. . Choice,, freshly-picked; lines are. alone in request, as now season's are .making their, appearauce in tho market, in larger quantities. . Oooi] tables £ll 10s, medium to good £lO to £ll, others yfrom £7 to £8 per ton, (sacksin).., ,■......■■

Chaff.—Moderate supplies are coining forward, ami any consignments of- good, bright, hcajy oaten sheaf meet a.' ready, sale, on .arrival- at quotations.- Medium quality and discoloured lots do not receive the .same attention .from buyers.. Best oaten sheaf £4 to U ss, choice quality to £1 7s Gd, medium to good £3 105,t0.£3 15s, per ton.(sacks extra).

Messrs Donald. Bcid and Co., Ltd., Diuicdin, report: We held our weekly auction sale of grain and produce at oni- store's 'on 'Monday morning, when values' ruled as under:— Oats'—Good to prime Cartons have had better demand during the past week and sales have been more readily effected at prices fully equal to late quotations. Other classes of oats have aliso met with more enquiry and the market may be quoted firm. Prime milling 3 S lil to 3s 2d, good to best feed 2s lid to lis Id, inferior to medium 2s 7d to 2s lOd per bushel (sacks extra). Wheat—The market is firm and the tendency to-day is"towards higher prices.. Nearly ail prime wheat on offer has been taken at sellers' values and there i? a strong demand for all milling qualities. Fowl wheat is also scarce, and the few lots "offered at our sale to-day realised milling.prices.' Prime milling 5s Oil tb'Ss &l,' Tuscan etc. ss'Bil'to"iss.(M per 'biis'hei"(sacks extra). Potatoes'—Only small consignments, arc coming forward.' These if freshly ■picked are readily placed, but inferior or stale tots are not in .request, A few siiiali' lots of choice potatoes sold at ■ £l2 per -ton. Best table £ll to £ll 10s, medium. £9 to' £lO 10s per ton, sacks'included.

Chaff.—Flie market is poorly supplied and-nearly all coining to hand finds reaidy sale at prices a'shade in advance of late values. "Best oaten sheaf U 2s fa'd to £1 7s 6d, medium to good £3 las to ii, light'and discoloured £3 5s to £3 10s per toir,'(bags' extra).