COMMERCIAL.

Oamaru Mail, Volume XXXVI, Issue 10042, 9 January 1909, Page 4

COMMERCIAL.

; HOMB MARKETS. [By Electeic TeleoratH; —Coptbight.] ' (Pee • Pbbss Association.) Received January 9, at 11.50/p-m. • • - London, January 8. Bank of England returns: Gold, coin, £29,749,000; reserve, £19>991,000; proportion of reserve to . liabilities, 36.42; _in circulation, £129,632,000;' : public deposits, £7,551,000; other deposits, £47,316,000; . Government .securities, £l7-^591,000;-other - securities, £25,197,000. - Three -months bills, 2 l-6ths per cent. • Short loans, 1. r • " Bank rate, 2-i- . - Consols, 83g. , • New South Wales fours 108, tliree-halfs 100, threes; 87|, Queensland fours • 105; New Zfealaitd fours lo7|, tnree-halfs 99, thi'ees 87J; the rest unchanged. , Wheat.—Markets firm owing to the cold ; weather and small "shipments from Europe, but buyers are cautious respecting the large Australian andrArgentine. shipments of the next three months. Cargoes are steadily held. December-January is offered at 36s 6d, October 38s 6d. Steamer parcels- of December-January realise - 36s 3d. Flour.—Quiet, prices unchanged. 1 Butter —Firm, witih good idelnand for choicest. Australian-.108;'~i£ few lots 110s; New -Zealand,- nominally, 114s; Danish > 113s to 115s. Cheese. —Firm; New Zealand 6tte, uana- : dian 61s to 625. Copper.—Spot, £63 ss; three months, s £63 18s 9d. ' s Electrolytic, £66 10s. r Iron, 49s lid. r Lead, £l3 ss. I Sugar.—Quiet-. German 10s Id, first f marks 12s Id. r Bradford Uool. —Very firm; but high 1 prices are checking business. Common , sities 23id. super 24£ d. 2 CHPJSTCHI7RCH MARKETS. (Peb Pbess Association.) x Christciiurch, January 8. 5 There is little grain business doing locally since the holidays. There is very j little enquiry for wheat or oats, and bel yond showing one or two samples of barj ley and Algerian oats there is no new 3 grain yet offering, and no prices are yet s quoted. The cutting of grain crops so far a is confined to a few paddocks of early oats J and barley, and the broken weather has j interfered with carting operations. The only sale of old wheat reported during the week is small lot of Hunters at- 4s 2d. I Some samples of ryegrass have been ofj fered, but it is mostly first cut, and the . quality is not very good and none too 5 clean. No price has yet been fixed. J WELLINGTON WOOL SALE. (Peb Pkess^sAssooiatiok.) 7 Wellington, Jaauary 8. 1 -The third wool sale of the season, held > to-day, lasted from 2 p.m. till near mids night, and even star lots of single bales I "were held..over till, to-morrow. There was J a large:attendance of buyers, and bidding [ was animated throughout, competition bet ing keener than at the previous sales this : season. The Americans were, however, ' working on lower limits, and. wools suit- • able, for them were lower in price by > about Jd. Other wool sold remarkably i well. The Bradford section of purchasers ' took the bulk of the lines in the cata- ■ logue. The French took the beet of the halfbreds and most of the lambs' wool at i good prices. The range of prices was as follows: -Merino (fair to medium) 8d to 9d, halfbred (medium to good) 9d to 10,! d, halfbred (inferior) to 83d, crossbred i and Romiieys (light condition) to medium 7d to Bd, inferior and shabby to 6d, crossbred and Lincoln (bright) 7d to 7jd, inferior to medium to 6d, Corriedale to lambs (fine bright) 8d to BJd, medium to coarse to pieces (fine) 4|d to 7d, coarse to sjd,_ bellies to sid, locks 2£d to 3^d. DUNEDIN MARKETS. To-da-y'6 Otago Daily Times reports:— A fair business has . been passing in the local wheat market-since the holidays, but buyers are hanging off to see what will be the effect upon prices of the importation of Victorian wheat. Already a small shipment has been delivered- in Dunedin at a landed cost of about 4s 7d, or, reckoning a slight shrinkage in weight, at 4s at the outside. This wheat, which is Australian f.a.q., answers roughly to New Zealand tnecan or red' wheat, which, is probably required to be mixed with »proportion of velvet before gristing. Othex parcels are on the water purchased at from 3s 9d x o 3s mated to cost, landed:, at mill door, from 4s 6j<l to 4s 7{d. Although the Melbourne wheat is sold sacks in, the -bags are not suitable for flour, and it is doubtful whether they can be used for bran, being of an unusual size so far as New Zealand tTade is concerned. In New Zealand wheat, a line of Taieri grain was sold today at 4s 7d Dunedin, the sale of some 800 sacks on North Island account is reported at 4e 6d f.o.b. Lyttelton and Timaru. For j velvet wheat, »which is scarce, 4s 5d es store Oamaru is asked, but offers have . been made for one or two lines of South Canterbury wheat- at prices several pence ( below closing rate 6 before the holidays. Whether or not these offers are accepted j will to some extent test the tendency of ( the market. Local millers declare that . they will .not- pay for New Zealand wheat ] anything above the rate at which they l can < land it from Australia. ! The chick" wfeeat market is a shade easier j sales having been made at 4s 6d f.0.b., s.i., Timaru, for good whole fowl feed. For . local orders 4s 6d ex store is asked. i

There is no change in offal, and! the Association's tariff stands: —Bran, £4 15s for local orders, and £4 10s f.0.b., for shipment; pollard, £6, both for local orders and for shipment. Flour is selling freely. The Association's tariff is as follows Sacks, £lO 15s; 100's, £ll ; 50's, £ll 10s; 25's, £ll 15s.' The shipping price is £lO 10s, and the Invercargill price £ll. The better tone noted in the oats market at the close of the year has been fully maintained in the few transactions since the holidays. Although the volume of business is not large there is a good inquiry, and stocks appear to be running down. The Morayshire is expected to take 10,000 sacks from the Bluff, which will further deplete available stocks. Current quotations ranue from Is B£d to Is 9d) for B grade sparrowbills, and Is 9d to Is 9£d for B grade Gartons. The local market is exceedingly bare, and good feed oats are worth Is 7d to Is 74d' ex store. The price of oatmeal remains at £lO 10s per ton. Pearl barley is quoted at £l7. Potatoes.—Oamaru potatoes (new) have been coming forward freely during the week and realise from 7s 6d to 8s per cwt, tut the market shows an easing, tendency. Old potatoes are worth from £3 10s to £3 15s per ton. Auckland new season's are worth 7s per cwt; Peninsula —rchoice l£d, and 6mall Id per lb.

WAIMA.TE MARKETS. Messrs Guinness and he Cren, Limited, report for the week ending January 18, as follows (all' quotations being on tracks at sidings near Waimate), sacks extra:—> Wheat-v The market for this is inclined to be quiet as millers are anticipating to. be' able to buy cheaper in the near future. Australian wheat is also being, imported and this is having the effect of -weakening prices: We quote prime velvet % 3d to 4s 4d, prime Tuscan and: redbhaS 4s 2d to As 3d. . . Oats : These remain. veTy quiet ; and. only, an oddl sale or two is talcing place as buyers are only operating hand [ to month. TTMAUU MABKETS. __ To-day's Timaru Herald reports:— Things are quiet on the local grmm markets just now. There is very Ifttlo old wheat now, aid! what there .is commands 4s 6d -per 'bushel. The new season's wheat is now being looked forward to," and it-is aatijapated ttot. the;-market for .this will open at about 3s 6d per bushel. Oats are nominally worth Is'od per bushel, on trucks, Timaru. _ . " STUDHOLME JUNCTION SALE. \ The usual fortnightly sale was held at Studholme Junction, yards yesterday, when 230 cattle and 1200 sheep came forward for-anctiott.' : Thet demand for cattle was -way-limited, -conskfdently a dragging safe;was result. For sheep competition -was 'fairly good, and with the exception of a few pen; of ewes alid lambs, a complete clearance -was made. - Sales were as follows Fat .steers, medium. £6:l7s 6d);; do. heifeie, £4 10s to £6 2s 6d: do. cows £4 ss, £3 ss, £2 15s to £5; milch cows, i£2', £2 15s, £3 15s,- to £5 2e 6a; springers £2 17s 6d, £3 ss, £4 2s 6dl to £5 5s ; "18. months' steers anil heifers, 22s 6dj 3Gs to 35»;'dry cows, £Z 5s to £3 lCs. Sheep —l2l ewes andi lambs at 10s Bd, 228, ewes and lambs at lis 9d, 430 do. (ewes oldl at 6s 9d, two-pens fat. ewes at 15e, one j pea do. ab IC6, one d<J. at lis sd,- one do, ati 118. - - :