COMMERCIAL.

Oamaru Mail, Volume XXXVIII, Issue 10514, 23 July 1910, Page 3

COMMERCIAL.

TIMARTJ MARKETS. (Timaru Herald.) Business in the Timaru grain market during the past week has been characterised bv more activity than has been the case for some considerable, time. Though merchants have not opened out v=rv much, millers are operating freely, ind it is understood that fairly large cuantities of prime Velvet and Tuscan ikeat have come into the district from the direction of Ashburton. Sprouted -heat rarelv brings more than 2s lOd to 2s lid a bushel delivered Timaru, ticks extra, though on occasions fair samples have changed hands at 3s. There is a big quantity of this class or crain in the stores, and the opinion is expressed by merchants that holders should quit" at first favorable opportunity. The cabled information received from Australia yesterday announcing a decided rise in prices will no doubt induce farmers to hold on, and the Timaru prices quoted last week — Dod-conditioned Tuscan 3s 3d. Redchaff 3s 4d. prime velvet 3s Sd per b;:shel. delivered Timaru, sacks extra —have not continued to appeal to holders. Farmers generally are showing some hesitation in selling. In certain circles it is predicted that flour will (hurt.lv rise in price in sympathy. The price "is at present £9 a ton and has D-in the same for over a month. Locailv bran is selling at 60s a ton, and pollard at 100s f.0.b".. and fair quantities are being shipped northwards. In oats buyers' and sellers' ideas of rabies do not coincide, and consequently the market is flat. Prime milling is said to be worth Is lOd to Is lid. f.'pi-ciaity for good lines of Gartons. Interior oats are worth about Is Sd to U '.'<[. For best samples some fanners £T'' asking over 2s per bushel, deliver•:'i in Timaru.

Prime samples of potatoes are worth L~> 17s Cd to £6 a ton, f.0.b., but there are not mauy.sales, though the demand t'roni Auckland is still unsatisfied.