COMMERCIAL.

Oamaru Mail, Volume XXXVIII, Issue 10526, 6 August 1910, Page 6

COMMERCIAL.

ROME MARKETS. [By Electric Tklkokaph—Corxßiueit.J (Per Press Absocjaxion.) Received August 5, at 8.15 p.m. London,. August 5. . Bank of England returns: Gold coin £37,886,000, reserve £28.408,000, proportion of reserve to liabilities, 49.98, ,n circulation, £29,058,000, public'deposits £15,206,000, other deposits £41,006,0011, Government securities, £17,372.000, other securities, £29,089,000. Bank rate, 3 per cent; short loans, 1.1 ; three months' bills, 2 3-1(5; Paris, 2j ; Berlin, 3 ; ld. Consols, 81.V. New South Wales three atul a-lialf, 8S; Victorian fours, l!)2.i; Tasmanian three and a-lialf, 99; Perth threes, 88; other stocks unchanged.. The wheat market is very quiet aod buyers •sire reserved despite holders' concessions. Two Australian cargo.es sold at 375. Chicago September wheat' is quoted at 101 to 102 i cents. There are unfavorable crop reports from Russia and the harvest is expected to yield 25 per centum less than last year. Flour—Australian patents, London. 27s Gd ; Glasgow. 2Ss. Oats are dull. La Plata SeptemberOctober shipment, 13s. Butter is quiet. Danish. Ills to 113s. Iron, 49s 2d. Sugar—German, 14s lid; first marks, 16s lid. Bradford wool is firm and unchanged.

CHRISTCHTJRCH MARKETS. (Per Press Association.) Christ-chnrch, August. 5. Tlio casing of the Loudon and Australian wheat markets has made local buyers less desirous of doing business, and there is therefore practically no demand except for such lines as suit millers' requirements. Most of the- wheat offering, however, is of inferior quality, and in the case of sound grain growers are holding firmly for their own prices. It is reported that a line of sound wheat has changed hands at 3s 5-Ul at a country station, and 500.sacks ui good milling Tuscan were bought at 3s '2d. The oats market- remains without change, there being little or no demand. The advene of fine weather has enabled chaff-cutting operations to be re-, sumed, and there is a fair demand for export to the North Island. The price is, however; easier, 60s being now given at country stations. .There is a very good inquiry for potatoes, the price still being £5 10s per ton.

PROPERTY MARKET. Messrs Guinness and LeCrcn, Ltd., report the following land sales in the Waimate district: —Account Mr James Quinn, 110 acres 2 roods, lease-in-perpetuity, witli buildings and improvements, situated at Lower Waihao, to Mr John G. M'Gimpsey; account Miss D. M. Carrick, 20 acres lease-in-perpetuity, with buildings and improvements, situated at Norton Reserve, to Mrs M. Murphy; account a client, 17 acres lease-in-perpetuity, situated at Nukuroa, to Mrs A. Manning ; "account the Executrix of the. la to George Woods, 4 acres freehold, situated in Cashel street, Waimate, to Mr Maurice Leonard, jun.; account Mr Jphn Johnstone, 1 roo'cl, with 4-roomcd dwelling and outbuildings, situated in Belt street, Waimate, to Mr William A|. Nelson; account- the executors late James Anderson, 1 rood, with 4-roomed dwelling and outbuildings, situated jn Leonard street, Waimate, to Mr T. M'Pherson; account the executors of the late John Flaherty, 1 rood, with 4-roomed dwelling and outbuildings, situated in Edward street, Waimate, to Mr Edward Flaherty; account Mrs S. Bennington, i-acre section, situated in Mill road, Wrtimate, to a client; account Miss M. F. Freeman, J-acre section, situated in Rhodes street, Waimate, to Mr James C. Meiizies.

: DUNEDIN MARKETS. (Otago Daily Times.) ■ ; Locally, as we have before indicated, the week has closed quietly, this being directly due, of course, to" the modified tone of the 'English market. Early in the week, however, business was.' of more extensive scope, and some lines were unexpectedly cleared at current rates. . As the week progressed millers generally refrained from buying velvet; though business in the red wheats still went forward. The.price for the lastnamed wheats remains • at • last' week's figures. Some is procurable in Duneclin at 3s 7d to-3s 8d ex store, while in the country districts special lines are offered at as . high as 3s 8d to, 3s 9d on trucks. In velvet the market is extremely limited. Buyers are in 'the meantime quiet till it is seen how holders adjust their views to the changed Home, position. Some lines are' on offer from the Oamaru. district ati 3s lOd on trucks, but there .is generally no indication to push matters cn either side. For the damaged grain graded fia.q. "there as some demand for shipment Homo, and so long as the price hjsre is low enough shippers are not afraid to venture. The Home market, lxbweveiv needs to be carefully taken into account, together with the fact that the season for oversea shipment cfannot now be a protracted one, oil ae'count of the more immediate supplies .available' at Home. Still, some activity is apparent at northern ports. This lias been assisted by the late, reduction' in freights. The tariff of the Flourmillers' Association : for ■flour and other lines is as follows: Flour—Sackg, £9 os; ,1001b bags. £9 15s: 501b; bags, £10; 251b bags/ £lO os. Oatmeal, £ll 10s per

ton. I'earl barley, £l4 per ton. Bran. ,1:3 15s per ton. Pollard, £5 pcr^toii. In tlio oats market tlio position remains at exactly last worlds level. It is rumored that sonic indications an' being y;i von that farmers arc disposed io yield a little in their firm position, though, other inquiries only show a continued firmness..: Such business as is being transacted is of a hand-to-mouth nature, and though northern merchants indicate a disposition to buy, the southern prices still stand in the v:av. Spring time is now coming on, and the outlook as regards the North Island will be governed to a considerable extent by the nature and forwardness of the spring growth. Prices stand at late rates, of winch 2s, f.0.b.5.i., B gradij Cartons is the basis.

STUDHOLME .1 UNCTION SAIVIv The usual fortnightly sale was held at Studholiue Junction Yards yeslx'idav. The varding was only a moderate one. The bulk of the cattle entry was made up oi cows in protit and springers; the sheep chiefly comprised !io'"ets. the Valance being breeding ewes and wetliers. Prices ruled as follows.—Fat wetliers las (id. lbs. lbs Id to 19s: fat ewes lis fed to Us; store wethers 12s 6d to 14s (3d; lu;K(i«>s (wetliers), Ids Gd. Us, lis 6tl to Vis 6u : ewe hoggets 13s Gd, Ms <>d to 1-w 3d. 4 G, and 8-tooth ewes to lbs bd, -- tooth ewes (low conditioned) 17s B<i. Cattle sold at late values.

TIM ART- MARKETS. (Tiniiiru Herald.) \fter a short period of slight activity >n-aiii businsss in Timaru was rather dull last week. The millers have evidently filled all present requirements and itrs not operating m wheat to any extent. Lines of really prime milling velvet are worth 3s lid to 4s. I uscan anil red chal'f 3s fxl to 3s 6d per bushel, sacks extra, delivered stores. Sprouted lines find verv limited outlet as iowl wheat at 2s I'd to 2s l()d, ex store, sacks extra. This is about the extreme value chat can be obtained lor it for shipment Home. in oats there is practically nothing cluing within tho Dominion, hut it .m* ireiii!:t Home were obtainable an outlet might hj? found for A tirade (jartons. A reduction affecting ibis clas-; of oats woulii not however benefit South Canterbury growers, as the <j11;1111v i.> not procurable here, and any business would have to he done Irom the Mull. Nominal quotations are Is 0(1 to Is KUi for prime bright heavy (<artous. and Is Sri- ro Is S)d lor Danish and Duns, sacks extra, delivered Timaru. The potato market shows a .steady finuimr, but values have arrived at such a level now, that speculation is not good bu.sino:s. Merchants are buvers ot : prune liu-es ol guaranteed free from disease at £5 IDs to £■') 12s 6d, delivered stores Timaru, sacks in. Several lots have been sold during the week at £o l.os f.0.b., sacks in, and sacks of prime samples are worth 12k to 13s. Prime seed potatoes are worth £6 a ton. and there is enquiry lor Northern Stars at £6 10s a ton. Onions are worth £4 10s a ton.