COMMERCIAL.

Oamaru Mail, Volume XXXVIII, Issue 10586, 15 October 1910, Page 6

COMMERCIAL.

HOME MARKETS.

By Electric Telegraph—Copyright.]

(Per Press Association.) Received October 14, at 7.45 p.m. ' London, October 14. Butter is quiet. Danish is unchanged. The choicest salted and unsalted Australian .sells at 112s to HJi. and occasionally Lib-.: Mcond.iries arc slow at 104s to 110s, owing to plentihil supplies of other sorts. The wheat markets are quiet but steady. There js little disposition to buy or sell, and the market closes slightly firmer on reports of insufficient rain, in some'districts of the Argentine. Cargoes are firmly held, 37s being asked for South Australian off coast and nearly due, 37s 9d for South Australian and Victorian (October shipments) and New South Wales (September shipment), and 38s/.for.,,South Australian (NovemberDecember shipment). There .is little business in "Australian spot a't 39s 3d. • "- Flour is quiet but unchanged ' Oats-are flat. .La. Plata (OctoberNovember shipment), 13s. ' Received October 14; at 8.10 p.m. ,'-,' London, October-14. Bank of England returns: Gold coin £32 279,000, reserve £24,353,000, proportion of reserve to liabilities 46.34, m circulation £27,B7s ) ooQ,,inibhc deposits C 6,344,000, other deposits £*0»49y,000, Government securities • £14,981,000, other securities £30,226,000. Three months' bills are diseouiiuod as follows: London, 3 9-16 per cent.; I'arU, 2; per cent.; Berlin, 4 percent. The bank rate is 4 per cent. Short loans are quoted at 2i per cenu. Consols, £BO 3s 9cl. Colonial Government stocks: JNew ;,„uli Wales 3's £B6 10s; South Aus- ,. li.-u 3'.'s £9B 10s; Queensland, 3i's 'J'rf- New Zealand-3's £B6 10s. Other sn.cki are unchanged. <j ~„ „ r _o n spot, £56 17s 6d; three .i.-mihs. C 57 13s 9d. . 'l'm—On spot, £165; three, months,£l6O. ' . Lead, CI2 18s 9d. Iron, 49s 9d. Spelter, £23 15s. • . - -,- Sugar—German, 9s Gd; first marks/ Us 10d. . - The following prices prevail for wool at Bradford: Sixty-fours 28id super sixties 28d, common sixties 27d, fiftysixes 20 n 'd, fifties 20-Jd, forty-sixes 16id, forties 14Id; nieiiuo, Id to Jd'lower lor futures.

(I'siii Pithhs Association.) Napier, October 13. The C'.Miinial Consignment and Distributing Company has' cabled the follow r ing ii'poi-1 of tiie frozen meat market: '•Piicis-- '"or mutton and lamb are unchanged. Beet is slightly lower. To-U-iv's pi-'W'f. are —Canterbury mutton, lid; No.ih Maud, 3Jd. Lamb—First oualitv, 5Jd; second quality, 5Jd. IJpcf—-Hi'idriuarturs, 3;d; loreqiiarters, •2l<i." OiIRIRTCHL'RCII MARKETS. (Vkv Vrpss Association.) Ghristchurch, October 14. ' There is nothing fresh to report in ronuection with the local wheat market. ihtmis a little demand for shipping wheal, on a basis of 3s at country stations, but as the London market is rasic-r diipncrs aie only purchasing to fill srsace actually engaged. The quantity changing hands lor this purpose is, however, limited. Most of the holders of wheat in the country are not anxious to sell, as-they are noc in want of the itioncv, and as the price is now down practically to the cost of production tliev consider it good enough to hold. The continued dry weather, winch must affect the spring sown crops, is also an cnconra.'idiunt to them in their policy. MilWr: ai c .still holding oft' the market, and only take any really good lines that can he obtained at their own price. There is no change in oats> or chaff, which are firm.

Pdtatpes—Stocks arc now getting into small compass, and offerings are co'nseqnently limited. They are worth £7 15s at stations. DUNEDIN MARKETS. (Otago Daily Times.) The wheat market in New Zealand shows no change from the dullness which characterised it last week. Millers are still not general buyers, and are content to work along simply buying what offers at prices that commend it to them. Locally, a parcel of red wheat of small compass was bought by a miller at 3s 7J-d, ex store, though the bulk of small oarcels have been bringing 3s"*Bd. Sellers in the country are "accenting rates which verge to a shade lower than.recent prices, though in respect to shipping quality it is stated that Lyttelton is quoted a fraction above recent rates. The shipping business is, however, practically in sisrht of its end. . The Corinthio and Kent leavo this month, and any quantity of space offering in. November (such as there is) will, be merely for the purpose of finishing off cargoes: The limit" of Homo shippers was reduced by about 6d during the week, thus confirming the weakness in the Home uosition. Milling velvet, of which there is but little about, is offering about 3s 9d and 3s lOd (ex store. Dunedin). ' , , The tariff of the Flourmillers' Association for flour and other lines is as fG !l o . vs :—Flour: Sacks, -£9 ss; 1001b basis £9 los; 50 bags, • £10..; 251b bags, £lO ' as. Oatmeal, £ll 10s por ton. Pearl barley, £l3 10s per ton. Bran, £1 pel ton ' Pollaid, £5 pel ton. The o .ts market took an upward turn during the week, in lesponse to a demand which emanated fiom the Noith Ish.nl The demrnd m itself is nothing of an> lemaikahle \olume, and merchants .uo not inclined to itjgaid it as at .ill hei aiding a big business. Owmcr to the limited stocks which held and the apathy which laiaieis line foi a long time past disukned, the quantity available on the m.i'ket foi piompt handling vas strictly limited, and as a consequence a firming to the extent of about Id, per bushel was experienced. Advice nom a iehable somce in the Napiei and Hawke s Mn\ district indicates that from now ou'theio will likely be some biiMiig, but not on a big scale and onl> on Iniesent i.ites The whole point of the position lies in whethei or not the demand will strengthen. Some think it will not, and place no lehance on the i future' NormalK the demand .vould not be such as to occasion the [slightest influence on the market but m tho special conditions which have obtained it forced the puces. i< armors aie still holduig of! the maiket, and though it is known that there is c-till an adequate quantity oi grain available n southern districts, it may, for all practical effect on the maiket, b" non-eMstent. Prices stand at tne close of the week as follows foi snipping l.'tes (sacks in), A grade spariow bills, 2s Id, B giade sparrow bills, "s OT,d,0 T ,d, B grade Gartons, 2s Id. There is a good' demand foi bran, which is difficult to dream. The price was laised last week b\ 10s pei ton, and is now £4 per ton TIMARU MARKETS. (Timaru Herald ) There is so little, doing- in the local nam maikets that it is" impossible to <me reliable 'quotations MiUeis arc not bivjmg, and veiy little wheat is being offered just now, though there is stiU a fair quantitj in the district, Millers are for the most part fully stocked and values have fallen slightly beie in sympathy with the drop in Australia, where the new ciop will be harvested in six weeks or two months time. The Corinthic, which is to be at Timaru on Monday, is to take awa\ a further cargo of damaged srain for London, but it is expected that this will be the last of the season. .There is nothing doing m oats. Flour is sellmg'at £8 10s per ton, pollard, £4 los, bran, £3 5s to £3 10s, per ton Potatoes are slow of sale at £S f o.b