COMMERCIAL.

Oamaru Mail, Volume XXXVIII, Issue 10515, 25 July 1910, Page 1

COMMERCIAL.

HOSEE'MARKETS:

[By Electric Telegraph—Copyright. 1 ' (Per Press Association.) Received July 24, at 5.5 p.m. ■■•■'■'.'•'■'■_ '- London, July 23. -Rubber is quoted at 9s' 4Jd. Wool—Waihora, top price Hid, average, lid: Waraten, 14\}d, average 13-Jd : Xorine,. Tod, average 14; d. Rabbits are firm, but unchanged. The demand is unusually good.

The Fish Trade Gazette warns the people that it is very risky to buy rabbits for delivery after October at the high prices asked. Hemp is dull and unchanged. Copra is in good demand. South Sea (in bags) £25 12s 6d.

Cotton, 7.60-id.' Silver, 25-Jd." - Copper—On .spot, £54 13s 6d; tlrree months, £55 7s 6d.

Antimony, £B. Electrolytic, £55 15s. Tin—On spot, £149 ss; three months, ;£l5O 15s. ■Received. July 2q, at 8.25 a.m.

: London, July 24. : Mutton—Canterbury and Southland, unchanged: North Island, 3gd; best brands, 3-7-16 d.

Lamb Canterbury, light, 4|d, medium 4sd, heavy 4Jd; Southland, 4fd; North Island, both classes, 4fd. Beef —Fores; 2|-d: hinds, 3Jd. Australian—MlTttou, heavy, 2Jcl, light 3Jd. Lamb, best brands" 4-Jd, fair quality 3fd. Beef, fores 2fd, hinds 3£d. River Platen-Mutton, heavy 3-jd, light 3d. Beef, fores 2fd, hinds 3|d. Lamb, unchanged. Wheat—An Australian cargo brought 38s.

Wool—Prices are. unchanged, with spirited competition. Faulty are selling irregularly. To date 118,472 bales have been catalogued and 104,964 sold. Received July 25, at 9.15 a.m.. London, July 25. The quantity of wheat and.flour afloat for the . United Kingdom ,'s 2.035,000 quarters; for the Continent, 900,000. Atlantic shipments 79.000 quarters. The total shipments' to Europe this week were 825,000 quarters, including. Argentine 129,000, 'Russia 305,000, India 211,000, Australasia 5000.

SOUTHLAND MARKETS. By Telegraph. (Special to the Oamaru Mail.) _, '■ Invorcargill, July 23. . .The oats market remains very stagnant ; the demand' is light and offerings from the. country are almost nil. Growers, who are the principal holders, are still firm and will not sell at present quotations. Offers have been received from Home but are too low to admit of business. Negotiations arc now pending for a reduction of freights to the United Kingdom, and if a reduction can be brought about export business is probable, in fact one fairlv large sale is reported to have been made for. shipment to London at a price in advance of what can lie obtained locally. Should shipping companies see their way to reduce grain freight to, say. Los a ton, there is liot a doubt but what a considerable quantityof our oats would find their way to the United Kingdom, as from all accounts the harvest at Home and on the Continent has not been up to expectations. To-day's quotations are : A grade -Gartens up to Is 7d, A grade Sparrowbills up to Is Old, with id less for B grade. Ryegrass.—There is very little to report in this connection, as very little is offering by growers. Good heavy lines are worth from 2s. 4d to 2s" 6d. Merchants are still busy dressing in anticipation of a better demand for spring requirements. Chaff.—The market for chaff, in sympathy with oats, is neglected. For any prime lines offering up. to £3 per ton, o.t.c.s is being paid. Wheat.—There . was a decided improvement in the wheat market during the last fortnight, and prices have advanced from 3d to 4d per bushel. There is very little held by farmers in Southland and consequently the rise does not. affect them much. Prime velvet is. worth tip to 3s 5d a bushel and Tuscan and red straw tip to 3s. 2d o.t.c.s

Potatoes. —There' is not much, business doing in tiibeTs to-day, as merchants have no inducements to, operate. The Auckland, market, practically,their only, outlet, is full at present, and reports seem to indicate that merchants have sufficient in store in the northern city to keep the retails trade supplied during next month as well. -The mild winter experienced in the" Auckland province has been'' conducive, to the growth of the potato crop, and it is generally • anticipated that the new crop will be on the market somewhat earlier, than. • usual in .consequence. This is having a depressing effect, on the local market,. but , local growers still continue' to hold .firm,, and one grower is reported to -have. 200 tons in hand.' On the other hand, a local buyer in- a large way has-700-tons. The fear is that prices will.. decline when the'pits are opened up for taking out the seed, but growers do iiot appear apprehensive on. that score and are content to await developments. Today quotations are. from-£4-15s to £5 on trucks, in new sacks, tti pass Government- grade rs. ;