COMMERCIAL.

Oamaru Mail, Volume XXXV, Issue 10017, 7 December 1908, Page 4

COMMERCIAL.

HOMK MARKETS. [I>Y Elkctkic TF.r.K<;itAi-n.—Coi-tright.] (Pf.r Press .association-.) Received December 7. at 8.40 a.m. London, December 6. North Island sheep, 3 9-lod, best brand.- 5-kl, the rest unchanged. New Zealand beef —None offering. River Plate beef—Forequurter.s 3d and hindquarters 5Jd. The hemp market is steady. OctoberDecember shipments are quoted at £25 sfc. Rabbits are dull and prices weakening «,wim: to the ..elation of the Continental demand. Copra is active : South .Sea. in bags, brings £l3. Kami Kuni—Stocks, oil casks. ()win:r to the bad li'.'ht ihere was no wool sale on Saturday! All wools suitably i,,i Ameri'-a show an appreciation on opt-mnir rates. Merinos generally are very linn," and the price is fully maintained except for coarse and shabby crossbred. The'qiLamitv cat;doL'iied to date is 53.428 bales and The amount sold 90,178 bales. Tin- following were the average i.ri.es realised for llec-cc portions of the clip named :—Rapanui IOJd. Fourteen hundred quarters of South Australian or Victorian .January-February wheat sold at 375. Silver. 22 5-16 d. I'upper—Spot. £62 15s; three months, £63 15s 9d. Tin—.Spot. £133 15s: three months, £134 15s. Lead £l3 15s. Sh-res—Waihi Junction, buyers 28s 3d, ,-eiiers 28= 9d.

LOCAL MAl',KK'l'S. Oamaru Mail (lliice. Monday Afternoon. The London cables continue to report firmness in wheat, the market having been to some extent affected by reports of less favorable conditions in 'the Argentine, -with which it would appear rests the destinies of wheat duriiitr the forthcoming season. Locally, we have used up our stocks, and the merchant or miller who desire's to make a purchase is forced to go far afield to fulfil his purpose. Those who hold the wheat hold the whip hand, and are asking in some cases as much as 4s 6d f.o.b. for Tuscan. In Timaru, 4s 4d to 4s ex store was the prevailing 7>rice last week, but there is little to be had at that figure now. The local sales, restricted by the amount of grain available, have been very few during the week, 4i 4d. less commission._at siding, for an average line of velvet, os 10d at- a siding, and 4s 5d f.0.b., s.i.. for fowl wheat, being a fair criterion of values. Oats are in small demand, and the market is perhaps a little weaker even than last iveek. though the price has not deflineil.ls 8d f.0.b., less commission, having been siveu during the past few days. Potatoes maintain their firmness, and the inquiry is still brisk considering the period of the year, so that if the tubers were available" quite a good trade might be done with the North. The business transacted during the week was at the rate of £5 5s to ~£s 10s for Derwenis and Up-to-Dates. f.o.b. We quote : Wheat.—Milling. 4s 3d to 4s o£d, on trucks, nett. Oats.—ls 6d to Is Bd. according to quality. Potatoes.—£4 10s to £4 15s, on trucks, nett cash.

HIGH COMMISSIONER'S CABLE. (Per Press Association-.) Wellington, December 7. The Department of Industries and Commerce has received the following cable from the High Commissioner's office, dated London. sth December, 1908:—"The mutton market is quiet, although stocks are small. Canterbury brands are quoted at 3Jd and North Island at per lb. The lamb market is dull and there is scarcely any demand. Canterbury lamb is quoted at'oid, other than Canterbury 5d per lb. The beef market is dull, supplies of River Plate chilled beef are heavy. Prices are firm for Home-chilled beef, on account of the quarantine enforced against America. New Zealand beef is being held for a rise in price. Current quotations : s=d per lb for hindquarters and for forequarters. The butter market is quiet, but rather steadier at a decline. There is more demand. Quotations are: For choicest >"ew Zealand butter 109s, Danish 115s. Australian 106s, Siberian 105s per cwt! The cheese market is dull, but holders are firm. New Zealand makes are quoted at 565. Canadian 61s per cwt. The "hemp market is quiet, with small business doinc No change in prices. Hie stock in London amount? to 248 tons. Last week's output from Manila amounted to 21.000 bales. The cocksfoot seed market is ouiet the nominal quotation being 78s tier'cwt! There is ureat improvement in the bop market, caused by a scarcity or the best quality. It is anticipated that on account of the'<_'eneral and active demand, 85s per cwt will be realised. American hops are quoted at 63? per cwt. lor best wools the market is firm with an upward tendency : for inferior quality it is rather unsettled. The following shipment= arrived from the River Plate during the month of November: London, mutton 118 carcases, lamb 7696 carcases: Liverpool, mutton 10.816, lamb 3415; Hull, mutton 10.802. lamb nil: Southampton mutton 6193. lamb nil; Cardiff, mutton 16.177 lamb 41; Newcastle, mutton 9570. lamb nil. River Plate mutton is quoted at per lb, the market being dull on account of heavy arrivals. Butter 9244 cuts arrived in London and Southampton from River Plate, and is quoted at 105s.''

nOCKMX HORSE SALE. }[e«r* Wrh'ht. Stephenson and Co. report as follows:—There was a very mixed muster of horse*, both draught and light, for Saturday's sale, the entry, with four or five exceptions, being all aged and done sorts. The attendance of the public was onlv fair, the reason, no doubt, being that there was nothing special advertised for the sale. There are buyers on. the lookout " for good, young, active, heavy draughts for contract work: also for stroiKT, up-standine. reliable light harness horses, and whenever such fresh from the countrv are submitted for sale they command ' good competition. During the week we have disposed of quite a number of spriiiE-yanners and heavy harness <ortsat from"£l6 10s to £35. We quote: Superior voting draught geldings, at from £45 to £SO: extra cood do (prize-win-ners;, at from £SO to £55; superior vouii"- draught mares, at from £SO to £6o:' medium draught mares and geldings, at from £SO to £4O; aged do. at from £ls to £2O: well-matched carriage pairs at from £7O to £100; strong «prinf-van horses, at from £25 to £o0; milt-cart and butchers' order-cart horses, at from £lB to £35: light hacks and harness horses, at from £l3 to bio; weedv and good do, at from £5 to hi.