COMMERCIAL NEWS.

Oamaru Mail, Volume XXXI, Issue 8835, 15 July 1905, Page 1

COMMERCIAL NEWS.

[By Eleothic Tei-ecuavh. —Cot-yntonx.]

THE HOMK MARKETS. (Pf.u Pnr.ss Association.) Received July 14, at 0.6 p.m. London. July 13. Crossbrods are nnchamjed. There is mi animated demand for merinos at tho high est price of Ihe series. Bank of England returns:— Gold,, coin, etc., £36,358.000; reserve. £26,384.000 ; proportion of reserves to liabilities. 48.66 per rent. ; in circulation. £30.270,000; public deposits, £44.449.000; Government >e curities. £16,752,000; other securities. £28.992.0000.

Three months bills, 1 13-16lhs per cent

New Zealand lours 107. Other stocks unrh.iiiL'ed.

The wheat market is quid, with an easy tendency, owing lo lan:e. shipments and excellent crop prospects in Europe, but, I h.unsettled state of Russia is also less favorable. Reports of American mops have checked the downward movement. Thenis a little demand for c.ireoos. Thirty-two shillincs is asked for South Australian, off coast,' 31s 6d for Victorian. 32s 6.1 for South Australian .lnly-Ancusl shipments, and for Australian spot, 33s 3d to 33s 6d. Flour is quiet. Patent roller. T.otilon quotation is 235, Glar./ow 24s to 21s M. Butler is firm, only Australian sulToring : choicest, to 102s. Danish unehannod. SiiL'.ir is quiet. First marks. On lid; German. 12s Id. The Bradford wool ni.tTl;*! is quiet Follies merinos are hardening.

OTIHTSTOnUROU M AIiKKTS. Bv Telegraph. ' Chrislclinreh. Julv 11. There in rather more inquirv on the pan of local millers for wheal. There is a fair quantity of grain offering, but most bold ers are firm in maintaining their own idevof values, and not a very li--e quaniilv is chnn-rinc hands. Anion- 'he nrin.-ip.il -.ales reported are 2.000 bush. 1- of Tuscvi n.nrl 350 bushels of the sane vnrielv a' 2s Bd. 2000 bushels mixed r.l 2s 8,1. HT-o bushels of pearl al 2s 7M. 10 n 0 he-bols of Hunter's and 1000 bushels of : ,ml liearl at 2s 7d. 400 b,mhel« of Hunter's and Tuscan at 2s 6!. d. at counlrv slMimis and 5000 bushels of p«arl al 2s M fit the mill. Oats are medim; with good inquiry. iritb little offerincr. tbon:.-b a few lines have chanied hand- 'his week-, inch-dim: 800 bushels of milling Canadians *l Is 7Jd. a line of sparrow-hills and Garhur a I Is 6d. 2.400 bushels of llaiiir.li at 1' '-'.d. and 1000 bushels of duns at 1s 7<l. Thenis no change to report in pnlalors.