COMMERCIAL.

Oamaru Mail, Volume XXXIX, Issue 10671, 21 January 1911, Page 6

COMMERCIAL.

[By Elecehio Telegraph—Copyright.] (Per Press Association.) HOME MARKETS. Received January 2(1, at 8.20 p.m. London, January 20. Bank of England returns: —Stock oi gold and com £33,807,000, reserve £25,695,000, proportion of reserve to liabilities i 1.23, in circulation £27,410,000, public deposits C10.007.01i0, other deposits £4< 1,033.000. Government securities £14,905,000. Tlirce months' bills are discounted as follows: London 3„ per cent.. Paris 2J per cent., Berlin 3.1 per cent. Short loans are quoted at 3J per cent. The bank rate is 4.'. per cent. Consols, £79 17s 6d. Colonial. Government securities: Victorian 4's £lO2 12s Gd; South Australian 3's £3l 15s; Queensland 4's £103; New Zealand 4's £lO4 10s. Copper—On spot, £55 12s Gd ; three months, £56 10s; electrolytic, £SB 2s Gd. Tin—On spot and three months, £lB9 10.s. Lead, £l3 10s3d. Iron, £49 10s. Sugar—German 9s, lirst marks lis. Wheat —The markets are easier, and owing to the continuance of heavy shipments there is some pressure to sell. Plate huver.s are inactive. Holders are asking :Jos 3d for South Australian, September-shipment, 30s.for December, and 35s for three parcels of South Australian. December-January shipments. Then' are small supplies of Australian on spot, which are quoted at 36s 9d to 37s 3d. New Zealand meets with moderate demand, and averages 33s to 335-(id, best making 345. Flour is quiet. Australian, on spot, 25s 3d to 25s 9d, parcels on passage 24s Gd. Januarv-Eebruary shipments 245. ' ; ■■■ Oats—There is a small supply with a poor demand. Gartons, 17s 6d to 20s 6d. sparrowbills 17s to 19s 9d. ■ - : - Barlov —Australian is nominally 26s Gd to 27s Od. - -■■ - t. '•'' Butter —The market is -firm. 'Fantrade is being done in all descriptions, but prices remain practically unchanged. Cheese —Market very firm. New Zealand, white 58s, colored 59s to 6Qs. "Wool—Prices at Bradford remain unchanged, but'there is a more cheerful tone. • ..'-'"

SKIN SALES,

Received January 20,- at 11.10 p.m.j ';' London, January 20. At the sheepskin sale 7100 bales were offered to an average attendance of buyers. The bidding was fairly brisk at "the outset, but dragged towards the close. Australian. merino" combing crossbreds showed 2d decline, and clothing Jd to gd decline:

WOOL SALES

(Per Press Association.) Duuediu, January 20. The wool sales, which commenced yesterday, were, concluded to-day, when, star lots'were disposed of. The range of prices was as follows, with comparisons with those ruling lor December jnn. Dec d. d. d. d. Super merino... 10 to 12if 11 to 12± .Medium merino Bito9{ 9tnll)_l Inferior merino 71 to 8 S- to Bif Super halfbred 11 to 121 12,t0 13. Medium to good 9 tolOi 10 to Hi Inferior ... Bto 85 81 to 9i Super crossbred lfti to 11 Medium :.. Bto 9J 9 to 10 Inferior ... 6* to 71 7 to 81 Super pieces ... 8} to 101. 91 to 1H Medium pieces 7to 75 81 to 9Heavy pieces*... 51 to 6J 61 to 71

CHRISTCHURCH MARKETS. ;

(Per Press Association.) • Christchurch, January 20. ' During the last few days' there have been several large lines of new wheat on offer, and a few of these have changed hands where prices could be agreed upon, but in other cases the growers asked more than the buyers were prepared to give. Sales have been made at 3s Id to 3s 2d at country stations, the latter price being given for a line of Waikari wheat which usually commands the highest price at the opening of the new season. Most of the wheat bought is to fill old contracts for shipment to the North Island, and merchants and millers generally say that 3s is all they are prepared to give. The wheat that has so far come forward is of splendid'quality, which speaks well for the character of this season's grain,'as the early ripening crops are usually thinner in the grain than Those cut later. There are very few oats offering," and what are 'coming forward are mostly Algerians. Nearly all the oats being cut are going into stack, and the quantity coming on the market early in the season is expected to be limited. New oatsheaf chaff is shortly expected on the market, and 70s is mentioned as likely, to be the opening price. No fresh business is reported iu malting barley. It is stated'that up to as 9d has been paid for a prime sample. Only a'few small lots of cocksfoot have come forward so far, and no price has yet beeii\fixed.

PROPERTY MARKET.

Guinness and LeCren, Ltd., report the following additional land sales iiri the Waimate district:Account Mr James Townlcy: 214. acres lease in perpetuity at Kauroo Hill Settlement as a going concern to Mr William Baikie. Account- Mr Frederick Keen: J-acre section situated in Holmes street, Waimate, to a client. Account Mr Frederick Keen: J-acre section situated corner of Edward-and Holmes streets, Waimate, to a client. Account client: i-acre. section situated in Edward street, Waimate, to Mrs C. Ferriter. N Account client: J-acre section situated corner of Holmes: and Edward streets, Waimate, to" Mrs C. Ferriter.

DTJNEDIN MARKETS,

Messrs T. E. Slnel and Co. report for the week ending, 19th January:— [' Fruit has been in very large supply - this week; several thousand packages have passed through our auction rooms; prices generally are satisfactory. Produce is coming forward steadily; eggs are over supplied; same may be said to apply to butter, which is slightly easier. Good, well-conditioned poultry is inquired for. Huron weight pigs, 140's to 160's. an unlimited demand. Potatoes are coming forward steadily and, being disposed of at full market rates. Chaff is more plentiful; nothing but best quality meeting with any inquiry. ;• Eggs, guaranteed stamped, Is 2d to Is -Id : ordinary cased, 10Jd to. lid per doen. Complaints are still numerous as to the unsatisfactory quality of eggs offering. . , ;'i Pigs—We had some 40 good ba- ' cuiiers forward this week; 140's to 160's sold at lip to 4-J-d per lb; heavy weights 3id per lb; butcher's choppers. 100 to 140Ibs. 4d. ~ Chaff.—Prime black oaten, £6 ton; white oaten, £4 to £4 los per ton. Oats—Heavy feed blacks, 2s 2d ; Gartons, 2s 3d; spnrrowbills. 2s 2.Vd; Algerians, 2s 4<l. Wheat —Good whole fowl wheat. 3s 6d to 3s 7d ; broken, up to 3s. Barley—Feed, 2s ad per bushel Straw—We have inquiry for 40 tons good bright wheaten. 30s to 32s Ikl: oaten, up to 37s (xl. Fruit —The bulk of Teviot apricots are now forward. Choice apricots in crates 3d to 4A<T per lb; No. l's, choice, in boxes, 2Jd to 3d per lb: Xo. 2's. 2Ad to 2:Jd per lb; jam fruit up to 2Ad. Peaches—Short Mippplies choice dessert in crates 4d to old per lb; X T o. I\s in cases', up to 3Ad : X'o. 2's. 2Ad to 2Jd per lb. Plums—lnquiry is strong for good dessert. We quote Canterbury-grown Japanese np to 3d per lb; choice Teviot dessert 2'fd to 3d ; cooking sorts, up to 2d uer lb.

Raspberries—The season is practically over;'choice, 5d per lb.

DTTXEDIX MARKETS

(Otago Daily Times.) The tariff of the Flourmillers' Association for flour and other lines is as follows:—Flour: Sacks, £9 ss; 1001b bags. £9 ]ss; 501b bans, £11); 251b bags, £lO os. Otmenl, £ll 10s per ton. Pearl barley, £l3 10s per ton. Bran, £3 15s per "ton. Pollard, £6 per ton. Tlie Flourmillers' Association reduced the price of bran by 10s during tbo week. A general interest is now being taken

in the harvesting operations at present in full swing. The weather in the past seven days has been very favorable tor harvesting operations, and the reaping of the crops has been in full swing in the Canterbury district. So far the grain that has come under review has proved to be of excellent quality, and some nicely Silled samples have been in circulation". These, of course, have been threshed from the stook, and a lew lines have changed hands. At Ashburton a sale or two of Federation wheat was effected on the basis of 3s Id per bushel on trucks, and offers have been made at the same figure for large hues of mixed wheat. At Timaru some lines of mixed pearl and Tuscan have changed hands at 3s 2d per bushel. It is, ol course, impossible at present to make anv definite prediction regarding the probable figure at which the market will open, but the price, above-mention-ed afford a fair indication. Provided good harvesting weather continues the supplv of wheat should be good and prices' satisfactory to both buyer and seller Some quantities of old wheat 'have been on offer during the week, •md there will be a certain proportion of grain to be carried over into the new SCtlSOIl* The oats position is in the meantime nrcttv stagnant, and prices tend to be ', chade easier than they were last week though in the absence ot much business definite quotations cannot be adhered to. A grade Gartons may be .Mentioned at from 2s 3d to 2s 3'd, f.0.b., s.i., with 15 grade at Jd to Id easier and sparrowhills at is 2M and 2s ■>d U>v A and H grade respectively. in Cauierhm-v new Dims have been on offer at 2s on trucks at country stations, and several lines „i very specia Algerians have changed hands at 2s itl and '•>.<* l-'.d in trucks. These lines represent very early sowings, however, and buyers must remember that the bulk of" the harvest will not be available for some weeks yet. In the meantime the North Island buyers have almost deserted the market on account of the coming in of the new season s crop (which is going to lie earlier than 'usual), and things are consequently slack; At this time of the year there ■is lilwavs the possibility that buyers "will anticipate the new season by a week and suddenly find themselves in straits for immediate supplies. In that event there will be (as there often has been in past years) a sudden flurry for a few days ere the old market is absorbed in the new. The current prices for other product are as follow*:-- -. - ,; '_ Chaff—: Prime heavy oaten sneat, :£o to £5 ss; medium to g00d,.-£4 lQs ,per Straw —Oaten, 40s; wheaten 35s per ° Hay, £2 10s to'£2 15s per ton. • • Potatoes-—Prime new' quality, in: good to £6 per ,tOll. .■' -■• -.- ■*"-'..:..-' : .-> .;■ ■';. , .-_• : ■' '■- Onions —Melbourne, £a 10s per ton. Egfs—Fresh, lid; stamped, Is. Butter—Dairy, SJd per lb'; milled, '•9iA; separator, in.ill) pats, lOd. . Pigs—Baconers, 4d per lb; porkers, '3d to 4d. ' Bacon—Rolls',- 71d ; boneless hams, 91d: sides; ?6?d; hiiinsj under 201b, 8d .per lb'; pork:Germans,.in 141b tins, four tins to case, 5d per lb.