COMMERCIAL.

Oamaru Mail, Volume XXXV, Issue 10010, 28 November 1908, Page 1

COMMERCIAL.

HOME MARKETS. [By Electric Telkgkai'h.—Copyright.] (I'kr Pkf.ss .association-.) Received November 28. at 0.45 a.m. London. November 27. Ttituk of England returns: Gold coin. £32,911.000; reserve £25,501.000; proportion' of reserve to liabilities, 48.92 ; in circulation. £28.526,000; public deposits. £9.276.000: other deposits. £42.795.000: Government securities. £14,751.000; other seem-ities. £27.695.000. Three months bills. 27-16 th.-:. Hank rate. 2J. C-msols. 84 l-16th. Victorian fours 104. three-half? 100 thiees New Zealand threes 87i : the r..-.t iinch-iiijed. Wheat. Markets quiet, with prices practically unchanged, l-'or an Australian Noveiiiber shipment 58s was asked. oSs 9d for a January-February shipment, and 37s for steamer shipment January-February. ' Flour.—Firm. Australian olferim: freely '• for .January. I'Vbriiarv or Mar. h shipment : at 2a< 3d to 28s 6d in Glasgow, but buyers j aro not inclined to operate. ! Rabbitskins.—Good keen demand on thcj Continent and in America, at an average ! advam e of three halfpence. I Butter.—Flat, owing to the extraordin :ry weather. Some narts of England produce more than in June and May. Rcfiiters are unable to take colonial, as they still hold stores of Siberian which they purchased when there were reports of an ! Australian shortage. Danish 112s to 12Cs. choicest Australian 108 to 112s. New Zealand 114s. New Zealand cheese. 58s. Canadian. 59s to 61s. Sujar.—Steadv. Herman. 10s 5d : first marks. 12s. Bradford Wool.—Dull. Common sixties. 23,}: super. 24Jd. At the sales -Xgaturi" realised Bd. Received November 28, at 9 a.m. London. Xovember 27. At the kauri sates 577 cases were offered and 120 sold at full to dearer prices. Three-quarter scraped realised 160s. Silver. 22=>d. CHRTSTCTirRCn MARK LIS. (Per Press Association.) Christchurch. Xovember 27. Duriicz the week little business has been done in wheat, a-- holders are firm in -'•aintaiiintr their ideas of value. I'p to 4s 2Jd has been oaid for local milling mirhut 4s 2d at country stations appears to be the limit for shipping. A line of Hunters has changed hands at 4s Ijfd. There :s no change to note in oat, or chaff. Potatoes, on account of their scarcity and a general demand having set in for supplies, have experienced a sudden advance up to £4 10s for Cp-to-Dates. and £5 for Derwents. But even at the.se figures onlv small quantities can be obtained. These two varieties have kept well this season, but Circular Heads have rotted badly during the past week or two. DUNEDIX MARKETS. To-dav"s Dtago Daily Times reports: — ' The feature of the local wheat market ' is the sparsity of offering's, and millers are | begining to be anxious as to their sources | of supply from now- until the marketing I of the new grain. Inquiries cabled to Australia give little hope of any relief from . that quarter, whatever may he the ulti- j mate position of prices in the Common- j wealth. Thus, although there are buyers , in the market at up to 4s s£d on trucks, j there is no grain suitable for .milling oh- i tain ihle at that price, and offers of 4s 4d j brin' onlv a few small lines. The sale of a decent line is reported on northern account at 4s 6d f.0.b.. Timaru. There are one or two lines still unsold in the Waimaie ,-md Damani districts, but the owners have placed a reserve of 4s 6d on trucks j upon them, a price which millers do not j feel justified in giving. For. failing a rise j in the price of flour—and which would at I once open the door for Australian lmpor- j tntions —to pav 4d on trucks means grist- -, ing practically without a profit, while any j advance must ensure an actual loss. j The local market continues hire of i (hick wheat, and orders are being filled j with medium quality milling. The cur- ! r.-nt quotation for good whole fowl wheat i is 4s sd. f.0.b.. sacks in. Local orders, j ex store, cannot be tilled at under 4s 4d. ; There is no change in the price of Hour, j which is selline freelv. The Association's J tariff is as follows:—Sacks. £lO 15s: ! 100's. £ll : 50's. £ll 10s : 25'.=. £ll 15s. The shipping mice is £lO 10s. and the Inver.argill price £ll. 1 The demand for offal is practically nil, and prices are unalteerd. The Association's tariff stands:—Bran. £4 15s for In.-al orders. a e,l £4 ICs. f.0.b.. for shipment : pollard. £6. both for 10-al orders and for shipment. There is little or no demand for oats, except for prime Cartons, which are scarce. Xominallv Is 8d f.0.b.. s.i.. is the current nnotation: hut no business is renorted at this price for B grade snarrowbills. I.ocallv. sales of good feed oats : have been made at Is 6d. ex store, but Is 6Jd is the ruling quotation. The price of oatmeal remains at £lO 10s ner ton. Pearl barlev is quoted at £l7. Potatoes.—Market "bare of good sound old =orts, which are worth up to £4 10s iw. r ton: medium. £3 lCfi to £3 15s : un"icked and poor sorts are practically unsaleable. Xew Potatoes: Peninsula grown. 2d to 2',d : Auckland. 1 i<l to 2d ; Seacliff. ljd to li-cl. TIMARU MARKETS. To dav's Timaru Herald reports : There' has been a fairly brisk enquiry for wheat this week, and a number of lines have changed hands at prices which mark an increase of a pennv per bushel on the values ruling last- week. Orders have been received from millers both in the North Island and South, whose supplies have dwindled down to small compass. Local millers are also operating to some extent. Sales are being made at 4s 5d f.0.b.. for Tuscan and Red Chaff, and tip to 4s 5Jd for Velvet, which is in very short supply. Tt is not possible to say with any degree of cc-rtiintv how the sale of the newseason's grain will open, nut it is reported that Australia mav be able to land wheat rheaner in Auckland, for northern millers, than'it is being sold at at the present time. Australian merchants are said to be offering the new season's wheat in Australia, at 4s 6d duty paid, c.i.f.. delivered at northern ports' in New Zealand, in a fewweeks' time. The oat market, is lifeless. Merchants here will not accept the prices offering from the North Island—namely. Is 8d to Is 9d per bushel for medium to good feed oats, f.0.b.. s.i. Holders are not inclined to part with their r-nvll stocks at this money. The potato market still retains a firm tendency at up to £4 per ton. f.o.b. for good Dcrwents. Flour 's selling at £lO 10s. oatmeal at £ll, bran at £4 15s. and pollard at £6 per ton. What does "L.K.G." mean? Why. it means Lawrence-Kennedy-Gillies, which is the name of the best milking machine in the world. No other is "just as good." This fact is recognised by farmers, and inquiries are pouring in from all sources. Are yoa still hand milking, or are you dissatisfied with your present machine? Drop us a postcard for full particulars, and a list of names of satisfied users. William Jobson. Esq., Matapu, states, "The L.K.G. Milker is giving every satisfaction Mv test is good, so also my weight of milk. I must have another machine before next season." Full particulars will be sent post free.—J. B. MacEwan and Co., Ltd.. Sole Agents, Dunedin. Elysian.—A Guaranteed Cure for Influenza. Obtainable from Milligan and Bond and Adam Mackay. 536