COMMERCIAL.

Oamaru Mail, Volume XXXVIII, Issue 10630, 6 December 1910, Page 2

COMMERCIAL.

HOME MARKETS. [By Electric Telegrafh—Copyricht.] (Per Press Association.) Received December 6, at 9.50 a.m. London, December 5 The wheat and flour afloat for the United Kingdom is 2,440,000 quarters, and lor the Continent 2,200,000 Atlantic shipments 154,000, Pacific 80,000. The total shipments to Europe during the week' were 1,300,000 quarters, _including 101,000 from the Argentine, 485,000 from Russia, 200,000 Damibian, 124,000 Indian, and 31,000 Australian. ■At the wool sales merino is unchanged, but there is slight irregularity in crossbreds. .

SHARE MARKET. London, December 5. Waihi, 118s 9d to 121s 3d. The P. and O. Shipping Company s profits for the year were £2,0 ; ?51, 0t which £07,181 has been carried loiward.

DVN-BDIK GRAIN AND I'RQDGCK MARKET. Messrs Dalgety and Co., Ltd., report having hold their usual weedy L.le of grain and produce at then stores yesterday. There was a good attendance of buyers, but the catalogue was a small one, and under good com-

petition the bulk of it was cleared as fol O°,K)nriiiß the week there has been no volume of business pasmg, on y odd lots coining to town, and sup]>lies in stores are very smalt. At to-day s sale prices advanced another Ad per bushel. All descriptions are in demand. \\ c quote: Prime milling 2s 4d to 2s4|d, good to best feed 2s 3d to 2s 4d, inferior to medium Is lid to 2s 2d per bushel There is very little fresh to report in this cereal. Prime velvet and velvet ear are enquired for, and bring a ready sale at quotations l'owl iced is scarcer and at to-day's sale sold briskly under keen competition. \\e quote:—Prime velvet 3s lOcl to 4s, niedium milling 3s 7d to 3s 8d best whole fowl feed 3s 4d to 3s od, inferior and damaged 3s to 3s 2d per bushel (sacks extra). Potatoes—There are now hardly any consignments coming forward and there is practically no demand lor old potatoes, buyers preferring the new sorts. The market, however, shows no difference from last week:—Best -tabic sorts £lO to £ll, niedium £8 to £9 10s, small and inferior £4 10s to £6. Chaff—At to-day's sale very little prime quality was offered, as supplies during the week were light. 1 rime quality was very keenly competed lor, but medium quality wus harder to sell. We quote:—Choice chaff £o to to os, medium to good £4 os to £4 lus inferior £3 to £3 15s per ton (bags extra).

LONDON J)AIRY PRODUCE MARKET. Messrs Dalgcty and Co., Ltd. report having received the following cable irom their head ofiice, dated London, Ist December : , Butter—Market dull; position weak. Copenhagen official quotation is two kroner (4s) lower. The total imports into the United Kingdom for week ending 26th November, 63,000cwt; for corresponding period last year, 66,000cwt. We quote: New Zealand butter, salted, 112s; Danish, 116s; finest Australian, salted, 108s; unsalted,. 110s. . Cheese—Market, steady, but quiet at last quotations. , Mail advices received from the. hrm s London Ofiice under date 20th October report:— Butter —During the past month the butter market has been in a very unsatisfactory state. The large quantities of stored butter held in this country have become more and more evident, and have rendered it very difficult to dispose of secondary and inferior colonial at reasonable price, and the general depression has also affected really fine quality, which has declined 2s to 4s per cwt. Unsalted is much easier to dispose of than salted and commands more money. The present situation was brought about by the almost universal opinion that very high prices would have ruled for butter during September. Nearly everyone, from the large buyers to the small retailers, put away Siberian and other European butter which, having been made during a wet summer, had very poor keeping qualities. Holders now find that the quantity put away being so large defeated their object, and every effort is being made to clear their stocks. We imagine that when this has been done, things will improve, and are more likely so do so when arrivals from the colonies become larger and attract more general attention. A feature that may help Australian and New Zealand is that Danish butter has recently given little satisfaction here, owing to a falling off in the quality of a great many of the dairies.

Cheese —Wc are glad to report an improvement in this market, which is firm, and holders are endeavoring to force an advance. The consumptive demand, however, is limited, and prices are not likely to go much higher until there.is mora enquiry.

—Official (Quotations, 21st October.— Butter—Danish, slow, 117s, 11 Ss, 119s; French, dull, 114s, 118s; Siberian, finest only in demand, 102s, 104s, 106s; Australian, dull, practically no demand for anything below finest, io6s to 108s. Cheese —Canadian, white, 555, 575, firm, steady demand; English, 635, 735, fair request.

DIPPED VERSUS UNDIPPED LAMBS ON RAPE. SIGNIFICANT FIGURES. An experiment conducted by Mr M. A. M'Leod, manager of the North British and Hawke's Bay Freezing Company's Pukctapu Station, New Zealand, proved that lambs dipped -'n Quihell's non-poisonous Liquid Dip put on three pounds more weight in one month than others from the same flock which were undipped. The experiment was made with large lines, both lots being equal to start with.