COMMERCIAL.

Oamaru Mail, Volume XXXVII, Issue 10238, 30 August 1909, Page 1

COMMERCIAL.

FROZEN MEAT MARKET. [By Electric Teleguaph-^Copyright.] (Pek Psess Association.) Received August 30, at 5.55 a.m. Loudon,\ August 29. Sheep.—Canterburv medium, 2jd ; .Southland, '2\d; North Island, 2jjd; best brands. 2 0-lGd. Lambs —Canterbury light, 3id: medium, 2-J-d; heavy, 2:Jd. Beef.—liintlquarters, 3g-d. Australian Sheep—Heavy, 2£d. River Plate Sheep.—Heavy, 23-16 d. AMAZING RECORD. Received August 30, at 8.20 a.m. London, August 29. According to the Standard South Africa will ship between now and December 200,1)00 tons of maize—more than has ever been shipped before in so brief a time.

THE LOCAL MARKETS. Oamaru Mail Office, Monday Afternoon. Tlioro is general inactivity in the wheat markets. The anxiety on the part of Canadian sellers to quit, and the weak state of the American and Prussian markets are causing the London market to have an easing tendency, and buyers are not prepared to treat tor Australian cargoes on previous terms. As an offset, however, the balance, is kept even by the continued unpromising outlook of the weather for harvesting in the Homeland, and there is little doubt but for the causes already indicated the London market would continue firm for some time to come. Locally there have, been some inquiries during the week, but little is offering, and only for prices far beyond the ideas of buyers. Owing to this practically no business has resulted, and until holders of-grain realise that'they must reduce their limits millers are not prepared to operate to any extent. As regards Hour, the market is very weak owing to Australian importations, and in face of this there seems little hope of it continuing at its present level. Taking the state of the London market as a criterion, Australia would prefer a market much nearer home than to undertake the risks involved Inshipping at the present moment. Little business has been done in oats, and prices are easier. There has been more offering than has been usual of late (luring the week, but the demand is very limited, and buyers arc not prepared to do business without orders are in hand.

Barley.—There is practically nothing doing. One or two odd lines have been placed, but the demand experienced a few weeks ago has now subsided. Potatoes.—Although the trouble in Australia earlier in the week caused a feeling that some improvement might take place in the potato market, the Inarket has now eased, and we are inclined to the opinion that the future will not be bright.

We quote, prices being nctt at sidings : Wheat. —Good milling velvet and Tusr-:i:i. 4s 4d to -4s 4.U1 : redehaif and solid straw. 4s 3d to" 4s 4d; milling seconds. 3s ~:d to 3s Gd: whole fowl wheat, 3s (id to 3s 7d. Oats. —Cartons. Is -3d to Is Gd ; duns. Is -3d to Is fid; Danish, Is 4d to Is sd. Karlev.—According to sample, Is 9d to 2s I'd. Potatoes.—Table Dates, freshly picked, in good condition, £2 15s to £2 l'i's Gd: Derwcnts. freshlv picked*, sound. -£3 to £3 2s 6d.

DUXKDIX I-lOKSE SALEYARDS. jh-ssrs "Wright, Stephenson, and Co. (Limited) report as follows: —For last Saturday's sale there was a rather poor entry of horses, both in respect to numbers' and quality. There were several l)iivers in the vard on the look-out for lirst-elass heavy draught geldings, also for young well-bred mares, but as our entry did not include any of these descriptions very little business was done. The demand for second-class draughts is not so keen, stil lbusiness amongst this sort is rather better than it has been for some time past. Good young, staunch spring-carters and springvanners continue scarce. The inquiry for first-class harness horses has improved of late, and at the present time we have buyers for a few reliable animals. \Xe quote: jjuperior young draught geldings, at from £4O to £45; extra good ditto (prize-winners), at from £4-5 to £SO; superior young draught mares, at from £SO to £6O; medium draught mares and geldings, at fro m£3o to £4O; aged, at from £lO to £ls; strong spring-van horses, at from £25 to £3O; strong spring-carters, at from £lB to £25; milk-cart and butchers' order-cart horses, at from £ls to £25; light hacks, at from £S to £l3; extra good hacks and harness horses, at from £l3 to £25; weedy and aged, at from £5 to £7.

SHAKE MARKET. (Per Peess Association.) "Wn ill i—Buyers, £9 10s; sellers, £9 12s 6d ; Junctions —Buyers, 52s 6d: sellers, 555.