COMMERCIAL.

Oamaru Mail, Volume XXXVIII, Issue 10592, 22 October 1910, Page 6

COMMERCIAL.

HOME MARKETS

[By Electric Telegraph—Copyright.]

(Per Press Association.)

Received October 21, at 7.40 p.m

' London", October 201 Bank of England returns: Gold coin £30,638,000, leserve £22,802,000,' proportion of reserve 'to liabilities' 46.49, in circulation £27,613,000, public deposits £7,093,000, other deposits' £41,925,000, Government securities - £14,981,000, other securities £28,962,000. ' Short loans' 3%: * „ New- South Wales' 3's,- 86;' VTctoiinn 3's, 85}; New-Zealand 3j's 9S}, 3's 86J'; other stocks'unchanged: ''' •' ? '* Consols,* unchanged. "■ - ~ The whc.it market is inactive, tending downwards on easier American quotations and heavy world's shipments. _ '"Chicago 'December wheat'is quoted at 932 cents to 94J cents. There is little enquiry for cargoes. Thiitjseven shillings is asked for South Australian October-November ■shipment, 37s 3d lor a Victorian October, 36s 9d from all tin ee (ports for Decembor-Januaiy. 35s 9d lor South Australian parcels afloat. There is «i small demarrd for, Australian spot at 37vS 6d to 38s 9d:' New Zealand average 33s to 3-1 s, infenor 325, superior 34s 6d to 355. • Flour is dull, but unchanged. Oats are quiet. New Zealand Gartons 17s 6d to 19s; sparrowbills 17s to JBs 6cl, La Plata,' October-November, 13s 3d. .

Beans.aie eas'cr. Old New Zealands 34 s to 34s Gd.

Butter is fiat. Choicest Australian is selling well, gnltcd 110s to 112s, unsalted 112s to_ll4s, occasionally 116s: Secondaries are piacticallv unsaleable, < lT id aic nominally 104s to 108s. The i-Milm closes weak, tending downward*. Conp"r—Forward doliveiy £57 12s 6d iCKct'olytic, £59. V'v —On spot, £170; three months, -CI 66 10s. - Lead CIS 6s 3d. Spelter. C 24. lion, 49 Gd. Sugai—German, 9s 3d; first marks, lis 4UI.

At Bradfor.d wool is quiet. Sixtyfours super sixties 28d, common 27d, fifty-sixes 23d, fifties 20d, fortynixes 16d. forties 14Id. Merinos arc three-halfpence lower.for futures. Received October 22, at 8.5 a.m. October 21.' The sheepskin safes have concluded. Merinos recovered slightly at the close. Prices were from 'par_to 2d below the -September sales. Crosshreds were Jcl to Ad lower. (Per Press Association.* " r ' -' Napier, October 21. ; The C.C. and D. Company to-day .cablcd'the following report of the frozen moat market: "Mutton and lamb marJfet:is firm, but there is a further fall in_the-value of beef. To-day's quotaLions:—Mutton: Canterbury, i-\d, North Tsland, 3|d. Lamb: First"quality second ' Beef: hinds 3!d, fores ,2.Vd.". . " , CmfrsTCHUPtCH MARKETS". (I'jsit Press Association.) "- _.. . Christchurch, October 21. ' I'lMMtp cable advice has been received -to the effect that the London' market iiai declined 6d per quarter. Tliere is, ho.vevcr, practically no business being t'ono by siiippcrs, who have filled their ri-quiiLiniiiits, so the decline is not likely to iii'icst the local market. Farmers v.iifr have still wheat on hand are not "'•■"■X'-\'li, 'aiid until tlic millers come into the market a«;:iin transactions are likely to be limih-d. No sales of any consequence ace reported to have taken place dm ing the Meek. '

Oatb are very firm, as was indicated by prices paid at the auction sale oi ftiMrii to-day. Potatoes have still further advanced, and £8 os is now offered at country station?, but it is stated that £1 more than this has been refused. All classes of butter have been reduced Id per lb, the wholesale price of facte:y butter now being >l2d.

DITNEDIN MARKETS

(Otago Daily Times)

Here in 2s T ew Zealand there is practically nothing to report. Millers have been able to keep ahead of the market, and have supplies sufficient to see them through for some hltlc time yet. Thev are therefore not pushing liusinoss oil the market, and-tilings are - somewhat quiet. At the same time, there is one line which will attract them, and that is good velvet at a reasonable price. Shippers are picking up odd lots for export business, as tliere is still a little freight offering owing to the wool not coming forward yet. The limit for closing down against' wheat has therefore been ex> tended somewhat,' and shippers are engaged in a little business. Last week's rates still hold.

There is a good demand for offal, particularly bran, fight throughout the Ddmuiionf There is a shortage of supplyin this respect, partly due.lto the fact that many mills ..'are only working one shift owing to this being slack season, while the demand is made a little heavier by such a.dry season having obtained-.

The tariff of the Flourmillers' Association tor flour and other Lines is as follow - Floui • Sacks, £9 os 1001b £9 15s; 501b. bags, £lO, 251b bags, £lO os Oatmeal, £ll 10s pei toii. Peail . barley -Cl3 DOs per ton Bran, £4 per ton Pollard, £o per ton The oat position still shows some inquiry, but it is quieter than last week, owing, it is thought, to the higher price as'ced. Theie lias been a small coastal trade done to the North Island, but m -the meantrmeAuckland has the Rona unloading there, and has thus ceased her immediate demands The farmers still •rhold their position very tightly, and i efuso to loose their holdings. It is ad- , vised that Bluff has m store some-80,000 sacks of oats, while it is estimated that in the Southland district -there is available 100,000 sacks. The firmness, therefore, is laigely artificial, and by no means due to any'shortage of oats 1 rices are piactieally at last week's figures with perhaps a fraction to the firm side. A grade Gartons may bo quoted at 2s lid to 2s 2d, f.o.b si • B grade at 2s 3d. A grade spai rowbil'ls «J4 aud B S rade sparrowbills at » 2s OJa. TIMARU MARKETS. (Timaru Herald.') The oat market is a. good deal-firmer than, it w as a week ago. >, This, is attn birred \to the dry weather, which, in some parts has brought about' a,shortage cf feeti, and cieated a'fcai that the new season's crop may.not come up to earliei anticipations. Pilces 'have hardened in /Southland as well as in Cantei"buiy. Ton "days ago'ls B}d per bushel was being paid foi oats winch to-day aie woith Is lOd. There is not a great quantity of oats left m South Canterbury now. Pnme Duns and Gaitons are quoted to-day at Is lOd, dehveied Timaru, Danish'ld less, but theie are none of "this description offering. During the. past month about 16,000 sacks of oats have been shipped Home from the Bluff. Jt was thought "when the Corinthic "/as 'at Timaru last week" that she would be the last boat for the season oirwhich wheat could be shipped Home at the los freight, but the~Kaikoun v is. to be at Timaru about the" first/week of November to take at least 10,000 sacks at the .lowered, sfrcight.x *Tbe wheatmarket has not firmed*since last lepoiting on it, and merchants a~ie not very anxious "to buy as'the is now only a months oiL- " Prime Tuscan and a-edchaff are quoted, at 3s 3d to 3s 6d, according .-to quality, and velvet delivered,. Damaged wheat/ ht for'shipping^is .be-" ing sold at 2s 10dHo,3_s *ld;i 4 and-Jfowl, wheat at 2s Bd. There has- been-a decided firming of< the potato market 'on account of -the heavy demands" fpr both seed and table puipqjses. .iGopd sound tubers are to--day worth £8 per ton. and as much as *£l per "sack, or £ll pei ton is being asked for choice seed PROPERTY MARKET Guinness and LeCren, Ltd.. report ( the following additional land sales in ; the Waimate district:' ; ■ Account 3Tr John Ryan : 325 acres 3 ' roods ,17 perches freehold, situated near Glennvy, to Mr Robert J. Martin. Account Mr Charles Champion: 2 acres 2 roods freehold and 9 acres lease- ' hold, with 4-roomed dwelling, situated '

on Park road, Waimate, to a client. Account Mrs M. A. Newton : 3 acres 2 roods 28 perches freehold, situated on Mill road, Waimate, to a client. Account the executors Benjamin Berry: J-acre section, situatcdin Cashel street, Waimate, to a client. _Acconnt Mr James Berry: J-aere section, .situated in Cashel street, Waimate, to a client. Account Mr Richard N Ruby: i-acre section, situated in Dobson .street, Waimate, to Mr Henry W. Buckingham. .And in conjunction with the Canterbury Farmers' Co-operative Association, account Mr Thomas Magiuness. 240 acres freehold, with buildings and impiorements, situated on. Golgc-road, Waimate, to Mr E. C. Studholme. PROPERTY SALE. '''~ ' ' Messis J. 0. Familton and Sons repoit having sold pnvatelv, on account of executois late John Church, educational reserve secjtion.;7, block 42, -with dwelling and mipiovoments, to a client; also account Mr Council, two aires. Beach road, to Mr W. Cooper.