COMMERCIAL.

Oamaru Mail, Volume XXXVIII, Issue 10515, 25 July 1910, Page 4

COMMERCIAL.

THE LOCAL MARKETS. Oamaru Mail Office, Monday Afternoon. The wheat market has revived considerably, and during the week there was more activity than has been experienced for a considerable time. The steady rise in the London, Australian, and other markets has had the effect of- firming prices here. Sales of velvet have been made at 3s lid, ex store, less commission, and on- Saturday growers were asking 4s per bushel for prime velvet, which is considerably above the market. Prices fluctuated during the period under review. In the early part of the week sales were registered at 3s 7d to 3s 8d per bushel; the middle saw 7 a rise .to 3s 9d to 3s lOd, less commission, and now, as previously stated, growers are asking 4s per bushel for prime velvet. There has been enquiry for red wheats, sales of which were-made at 3s 6d to 3s Sd oh trucks at country stations nett to farmer, the former figure representing the price given for a line of mixed Tuscan and red chaff.

Business in oats is still restricted, and beyond a few enquiries for seed there has been little doing. Nominally prime Gartons are worth Is 9d to Is lOd nett to farmers. Potatoes have firmed since the beginning of the week. Sales were made at: prices ranging from £5 10s to £5 15s nett, on trucks, while forward sales at £6 2s 6d have been made with Auckland for August delivery, f.0.b., s.i., Lyttelton. Seed potatoes are not in request, and are worth from £4 to £5, according to quality.

DUNEDIN MARKETS. By Telegraph. (Special to the Oamnru Mail.) Dunedin, July 25. Messrs Donald Reid and Co. report as follows: — Oats —Prime milling, Is 10?.-d to Is lid; good to best feed, Is 9d to Is IOJd ; inferior to medium, Is 7d to Is 9d. "Wheat —Prime velvet, 4s : ; prime Tuscan and red wheat, 3s Sd to 3s 9d; .medium to good, 3s (id to 3s 7d ; best whole fowl wheat, 3s 2d to 3s Id; medium to good, 2s 9d to 3s; broken and damaged, 2s 3d to 2s Sd. Potatoes —Prime Up-to-Dates, £6 5s to £6 10s; medium to good, £5 10s to £6 2s'6d; inferior and small, £3 to £5. Chaff —Prime oaten, £3 15s to £3 17s fid; choice, to £4; medium, £3 to £3 12s 6d; inferior and discolored, £2 10s to £2 17s 6d; straw chaff, 37s 6d to £2 7s 6d.

Straw—Oaten 32s 6'd to 355, wheaten 20s to 245.

Turnips, 20s per ton (loose). OTAGO FARMERS' HORSE BAZAAR. The Otago Farmers' Co-operative Association of H\ew Zealand reports:—-We held our usual weekly sale at our horse bazaar on Saturday, when we offered 3S horses to a good attendance of farmers and others. The entry included two trucks of good young farm mares and geldings from Canterbury and North Otago. Bidding at the commencement of the" sale was rather dull, but it became more spirited as the sale progressed. The pick of the draught horses sold well' up to late quotations, but light and inferior sorts were easier. Van ners .were scarce, and heavy springcarters were poorly represented. Light spring-carters and express horses sold up to £2O. There is a fair inquirv for heavy draughts and lorry horses," but the number offering for some time has been small. At auction and privately afterwards we disposed of nearly the whole of the country entries, which .came from Henley, Outram, Milton, Middlemarch, North Canterbury, and North Otago. We quote: Good voting draught mares at from £3B to £43; extra good Clydesdale mares, suitable for stud purposes, £45 to'7.ogs; superior' young draught geldings, fit for shaft and lorry work, £35 to £42; extra, to £55; ordinary draught mares and geldings at from £25 to £32; aged draughts at from £lO to £ls; good, strong, upstanding vanners, at from £2l to £3O; heavy spring-carters, at from £2O to £25; ordinary spring-carters, .at from £ls to £18; upstanding buggy mares and geldings, from £l6 to £22; hackney and cob ponies, from £8 to £l4.

HIGH COMMISSIONER'S REPORT. (Per Press Association.) Wellington, July 25. Ihe following is the- High t Commissioner's report, dated London, 23rd July: —The mutton market is dull, with scarcely any demand. The average price to-day of Canterbury is 3|d, and North Island The lamb, market is weak, shipments arriving being very heavy, so that buyers are not inclined to make forward purchases. The present prices show an inclination to force sales. The average price of Canterbury is 4Jd, other than Canterbury 4fd. The beef market is quiet. Shipments from the River Plate are heavy, but there are signs of improvements in the market. New Zealand hinds 3}d, fores 2td. The butter market is steadv, with a good local demand for best" quality. Choicest New Zealand to-day brings 110s (New Zealand in small supply), Danish 114s, Siberian 100s, Australian 104s.

The cheese market is firm,. with better demand, and the market advanced owing to advices from .Canada.. White New Zealand-(old) 575, Canadian (new) 555; colored New Zealand . (old) 555, colored Canadian (new) 535. ■ The hemp market is •'not much changed, and there is a tendencv slightly in favor of buyers. The market is very uncertain.

<;• The wool ...market is firm, with a hardening tendency.