COMMERCIAL

Oamaru Mail, Volume XXVIII, Issue 8291, 21 September 1903, Page 1

COMMERCIAL

[By Electeic Telegraph.—Copyright.] THE HOME MARKET. Per Press Association. Received September 20, at 9.31 a.m. London, September 19. Copper.—Spot, £56 las; three months, £56 10s. The Rimutaka's stored butter is in poor demand. Wool clips : Gore, 9^d; St. Clair, 9Jd.

HORSE SALE.

Messrs 'Fleming and 'Hedley report having held their fortnightly sale of horses at the Commercial yards on Saturday last. The entry consisted of 10 draughts and 10 hacks and light harness horses, of which all were passed except three. There was not a large attendance and few buyers ; but the buyers' and sellers' idea of prices did not agree, consequently very little business was done. They quote good young draughts £44 to £?SO 10s; upstanding liacks and buggy horses, £ls to £23; bay pony £l3.

OTRISTOHURCIH GRAIN AND PRODUCE MARKETS. (Lyttelton Times.) The grain market is untaltered, and any business passing is of very small dimensions. Quotations, therefore, remain nominal. Concerning the initial operations of the Sydney wheat "pool," the Australasian of September 12th has the following : —Wheat —On September 4th was completed the pool of the principal holders of wheat in Melbourne and Sydney, and the market has since been firmer m tone. It is understood that prices as fixed are to be ou such a basis that market values will be practically little changed. The arrangements have been made with tile view of securing unanimity amongst holders, and stocks have been placed in the hands of trustees to deal wu-li. The preliminary investigateions into tfie stocks in Sydney and Melbourne have led to the conclusion that the total is much lighter tiian was lately supposed, and that unless the new crop is ready for gristing early, there may yet be a ipinch. On the formation of the pool, there was at once an active demand from millers for outside parcels, and a good business was done at firm rates. The pool quotations in Melbourne are 4s 10£ d for Argentine, 4s lid for Red and White Walla Walla, and 5s for Blue Stem and Californian choice milling. The Sydney quotations are 4s 9d for Argentine, 4s 10£ d for Walla Walht, 5s Id for Blue Stem, and 5s 6d for South Australian. A parcel of 100 tons bleached South Australian wheat has been sold in Melbourne at ss. Victorian wheat has been sold at ss.

Reports by this week's English mail as to the position of the wheat supply for the ensuing year show that the position has undergone a material change during the month of August. The American, and also the Canadian, harvests were not. realising aiitici]);!tions, while in the United (Kingdom a very low yield, both in point of quantity and condition, was inevitable. Briefly summed up, the petition was that every grain id wheat in the world would be needed to meet, the year's requirements, and prospects for wheat holders had consequently improved.

In oats, as in wheat, local business is very limited, though in the case of the former cereal there is more inclination on the part of holders to sell. This is" particularly noticeable in the case of stocks held by merchant.-;, as the majority of farmers still refuse to accept the lower prices now offering. Yesterday a line of stored Danisn was "hawked" around town, and failed to find a- buyer at Is 8d f.0.b., sacks included. B grade Canadians have been sold at Is 6d per mirth--1 a country station, but another line of Sparrowbills realised Is 7jJ-d at a country sta-t-ion.

English mail advices concerning oats state that- heavy crops re being- obtained in :>]l the producing countries, and the weather, which had been fatal to wheat, had been conducive to the growth of luxuriant supplis'f; of feed, and there was little prospect of ,'ci improvement in price. In other departments there is no alteration to record.

The surplus butter output of the Sjftoii and Belfast dairy companies until the end of February have been sold, the prica in each instance being 9gd per lb. Following aro quotations :

Wheat.—Hunter's and Tiwcan 3s 9d to 3s lOd. Pearl 4s, whole chickwheat 3s 6d, at country stations.

Oats.—Milling Canadians Is 7d to Is 3d. Sparrowbills and Duns Is 6d, Danish Is 4d to Is sd, at country stations. Barley (nominal). —Malting 3s to 3s 3d.

Oatsheaf Chaff.—£2 5s to £2 7s 6d at country stations. Potatoes.—£2 10s to £2 12s 6d, early varieties £3 at country stations. Onions.—£2 at country stations; in strings £1 extra. Peas.—Partridge 3s 9d to 3s lid, -Blue Prussians 5s 9d.

Flour.—Millers quote roller £9 10s (251b bags £lO 10s), for export £9; Bollard £4. bran £3. Oatmeal—£9.

Beans.—2s 9d per bushel. Seed.—Ryegrass, farmers' lines 2s 6d to ss, machine-dressed 3s 6d to 4s 3d. Cocksfoot, 101b 2|d to 3d per lb, 111b per lb, 121b 3id to 3|d per lb, 131b 3£d to 3§d per lb. Wkito clover, superior lots 9d to lOd per lb, lower quality 6d to 3d per lb. Red Clover—Canterbury 7d to Bd, Blenheim 7d to 8d per Jb. Dairy Produce.—Cheest, dairy 5d to 6d, factory 5-|d to 6Jd. cased f.o.b.' Lyttelton. Butter—Fresh local factory Is o£d, stored (in bulk) 9d to stored (in lbs) to lOd. dairy 8d to 9d. Hams and bacon, factory 8d to 9d, cased, f.o.b. Fresh eggs 9£d per doz.

ASHiRUR.TON PRODUCE MARKETS

Wheat.—lnquiry has again fallen off, and little or no business lias resulted. Quotations remain practically unaltered, but as no sales have been reported these are merely nominal. At the same time the scarcity (if prime grain available must have shown itself to millers, who may have some difficulty later on in securing their requirements in this class of grain. Values are :—P-jarl 3s lid to 4s, Tuscan 3s lOd, Hunters 3s 9d to 3s lOd. Oats.—Beyond a few lines s)f short feed little has been done. Farmers are more inclined to place holdings on the market, and several lines of Duns and Danish have been offered, but without result. Quotations are :—(Canadians Is 7d to Is Bd, short feed Is 6d, Duns and Danish Is Oatsheaf chaff—There is more inquiry, and a fair quantity has been sold during the week at- 50s on trucks for prime bright heavy quality.