COMMERCIAL

Oamaru Mail, Volume XXVIII, Issue 8255, 10 August 1903, Page 3

COMMERCIAL

fßv Electric Teleorafh. —Copyright.] THE HOME MARKETS. Pjcr Press Association. Received August, 10, at 9.35 a.m. London, August 9. .Sheep—Canterbury, light medium 4jd, htavy 4gd; Dunedin and Southland, 4jjd : North Island 4d l-16ths. Lambs—Canterbury, s^d; Dunedin, .Southland, and North Island, s£d. River Plate beef liinds, 4£d; rest unchanged. .Silver, 2s Id 7-16ths. Lead, £ll Is 3d. Copper—Spot, £57 ss; three months, 355 10s. Tin—Spot, £l3O ss; three months, £124 15s. The Board of Trade returns for July show that the imports increased by £1,566,360, while the .exports decreased by £153,625.

By Telegraph. Wellington, August 10. The Department of Industries and Commerce have received the following cablegram from the Agent-General, dated London, Bth August :—The mutton market is very firm, though trade at Smithfield is quiet. Average price to-day: Canterbury brands, per lb; Dunedin, Southland, and W.M.E. Co., 4|d; for other North Island brands, 4d; ewes, 3|d ; River Plate mutton, 3-|d to 4d. The lamb market has been favorably affected by the advance in mutton, and prices Average price to-day: Canterbury brands, sjd per lb; brands other than Canterbury, 5-^d; legs, 4-|d; River Plate lamb, 4|d. The beef market is steadier. Hindquarters of New Zealand beef are quoted at 4|d per lb and fores at 2{d. There is a batter demand for New Zealand butter. The average price for the choicest to-day is 95s per cwt; Danisli, 103s: Canadian, 935; Siberian, 85s; Argentine, 935. ■ The cheese market is firmer. The average price for finest New Zealand is 51s per cwt, with a fair demand for the consignments ex Papanui; Canadian, 4Ss to 495. The hemp market is steady, with a fair demand for distant deliveries. The price of-New Zealand hemp, good to, fair Wellington grade, on- spot, today is £3l per ton, for August-September shipments £3O 156 and for October to December shipments £3O 10s.' The present stock is 849 tons, as against 724 tons at this date of last year. There are signs of improvement in cocksfoot market, but no cliange in prices. The average price for bright, clear New Zealand cocksfoot seed, weighing 171bs per bushel, is 46s per cwt, c.i.f. London. The American crop is estimated to be below the average in quantity and quality.

THE LOCAL MARKETS. ' Oamaru Mail Office, Monday Afternoon. The local grain market is lifeless, with no present prospect of animation. There is practically nothing doing in wheat, any transactions being confined to small lines to meet immediate requirements, and these are mainly restricted to velvet for mixing purposes. It is, however, known that millers' supplies are running down, but what will happen when these are exhausted must depend largely upon the result of the meeting of the New Zealand Four-millers' Association to be held shortly with a view to remodelling the Association and placing the flour-milling industry upon a more satisfactory footing. It is clear that one of two things* must be raised to a payable figure or wheat must give way. At present millers are losing money, and it is no secret that unless something is done several mills are likely to close down. There is more inquiry for fowl wheat, but there is very little available here. Oats are decidedly weaker. The withdrawal of the Eakaia and the absence of any promise of -means of direct- shipment has caused prospective shippers to hold their hand, and the present outlook is by no means encouraging. A little business has been done in Danish oats at quotations during the week, but- notliir.cr really worth talking about. There is nothing new to report- in regard to malting barley? of which there is none oifering. 'fhire are inquiries for feed barley, but offers, in sympathy with oats, were lower than quotations, and no business has been encouraged, holders firmly re'fusing to sanction a reduction in prices. A few sales of potatoss were made last week at quotations, but the demand has since weakened. We ciuote—

Wheat-.—Prime velvet, 4s to 4s Id ; Tuscan, 3s 9d to 3s lOd; red chaff and other varieties, 3s 8d to 3s 9d; milling seconds, 3s 4d to 3s sd, all at sidings and sacks extra : store delivery,. Id njore; fowl wheat, 3s 2d to 3s 4d, f.o.b. Oats.—Gartons, la to Is 7Ad; Danish, Is to Is Is 6jd ; second quality Id less all round; all at sidings (sacks 4jd). Barley.—Fair malting quality, 3s to 3s 3d, f.0.b.; feed, 2s 6d to 2s 7d (sacks extra, 4jl. f.o.b. Ryegrass.—-Prime, 3s 9d to 4s 3d; light seed", 3s 6d to 3s Bd-; all machine .dressed.

[ Potatoes—£3 7s 6d to £3 10s. i Flour. —Roller,, sacks, £9 10s : smaller, parcels, hisher. Bran. £3 10s. Pollard, £4 10s. Oatmeal. —25's, £lO. Daily Produce.—-Butter: Factory, Is; dairy, 8d to 9d. Cheese—Best, 6£d. Eggs. Is. Ham, 9^d. Bacon, Bjd. Pork, 4fd. LAND SALES. The National Mortgage and Agency Company of New Zealand, Limited, report liaving'just completed the following sales of freehold properties a t satisfactory prices, viz.:—On account of Messrs Hi6lop and Creagh, Langle-a farm at Glenavy, to Mr James W. Scott, of Waikakahi; on account of Mr Robert Oliver, Waianakarua, 74 acres, to Mr Fleming Robertson, of Waianakarua : on account of Mr James A. Sinclair, Windsor, 137 acres, part of Windsor Park Estate, to Mr Robert Oliver, of Waianakarua; cn account of the New Zealand and Australian Land Company, Ltd., section 18, block 27, town of Oamaru, to Mr A. G. Creagh. The Company report a good demand for farming land, and sellers would do well to communicate with. them.

POULTRY REPORT. Mr Walter Sumpter reports having sold, at his Saturday's sale, poultry as follows: Minorca rooster for 6s 6d, sis: pair Minorca hens at 3s 2d per pair, two pair Minorca hens at 4s 4d per pair, Indian Game rooster brought 7s, two Indian Game at 3s 4d each, one pair roosters at 4s '6d, eight and a-ha-lf pair hers at 3s per pair, four pair ducks at 3s lid 15 pair roosters at 3s 6d per pair. He also sold, during the week, 20 Turkey gobblers for 8s each and 40 Turkey hens for 4s each.