COMMERCIAL.

Oamaru Mail, Volume XXXIX, Issue 10777, 27 May 1911, Page 4

COMMERCIAL.

CANADIAN VHKAT CROP.

£By Electric Telegraph—Copyright.] ' (Per Press Association.) mi, n t i ottilWi >, May 20. -Uie Canadian wheat c.ron is at 200,000,000 bushels. st.mated DTJNEDIN MARKETS. (Otago Daily Times.) ' • yajues for wheat at country M follows: —Oaiuaiu and ,» annate districts, 3s 3d to 3s 3 d for r , 5 4' f01 \ TC, vet ; - wlnl t m tht southern districts in the vicinitv of Balclutha, up ; tp3s 3d is about the ruling quotation. These values are approximately those winch arc on a parity with the decrease in. prices recorded on- the other side. It may be mentioned, however, that, as stated above, the reduction, is not reflected to a great extent in the local market. -

The tariff of the Flourmillers' Association for flour and other lines is as fellows: noiir—Sacks, £9 *&; ' lO&b bags, _£9 15s; 501b bags, £10; 2olb bags, £lO os.. .'Oatmeal. £l3 10s per ton. -Pearl barley, £l3 10s per. ton. Bran, £4 15s per ton. Pollard., £6 per ton. The oat market was as firm as ever, with a rising tendency, and it is just as difficult to secure consignments from farmers. ■ There is some inquiry from tile North Island, although the demand for shipment is not quite as strong as it was. Not many sales are recorded as having taken place during the week. There,is, however, inquiry for forward; shipments, but merchants are not inclined to. quote. Prices have advanced id for prime lines of Cartons, and tlie closing quotations for the week for North Island business are as follows: — A grade Cartons, 2s 6,' d to 2s 7d, f.0.h., s.i.; B Cartons, 2s 6d, for'prompt- delivery, and 2s 6Jd June-July shipment.; A grade sparrows, ditto, and B grade sparrows, of which there are very few, from 2s sid to, 2s 53d. The demand' for chaff is confined to prime samples, medium lots being difficult to quit. Supplies are still freely coming to hand:. The demand for potatoes is not very keen, and values are hardly maintained. Growers, however, have faith in the future of the market, and are preferring to hold oil for a. rise. Prime lots are in chief request. A brisk sale awaits both , oaten and wheaten straw.

Current prices are as follows : Chaff.—Prime heavy oaten sheaf, £4 2s 6d to £4 ss; riiedium to good. £3 12s 6d to. £3 17s 6d; inferior. £2 15s and upwards. Hav, £4 to £4 15s per ton.

TIMATtTJ PRODUCE MARKETS. (Timaru Herald.) In wheat, there lias been.'a standstill on the local market during the past week, there being next to 110 wheat offering and, consequently, a- minimum of business. Farmers are holding hard to what they have, for they believe a. better price is iii store. The general opinion of merchants is that this season's surplus has been pretty well exported. One large shipper expresses the opinion that, if the freights had been a little later in being reduced, even more wheat would have been sent Home. Farmers are holding off for 3s Od per bushel,- on trucks at country stations. The nominal value is 3s 6d for mixed sorts, ex store.

Oats.—There are very few oats on the market and enquiries are rare. The nominal value is about 2s 3d, and some who are holding oats ask 2s fid. Yesterday, it is reported, a quantity of good oats changed hands at 2s Od per bushel. Potatoes. —The potato market is easing considerably on account of the crops turning out much better than was exAt Morven. and other places, it is"rumored, the crops are yielding from sixteen to eighteen tons to the acre. The nominal value is £3 5s per ton.

WOOL SALE. [By Electric Telfgraph—Copyright.] (Per Press Association.) London, May 26. At the wool sale the Moeraki clip was sold. The top price was 13id, and the average 12id. (Per Press Association.) Wellington, May 2": The Department of Commerce has received the following cablegram from the High Commissioner, dated London, May 26th: —The third series oi^wool sales has closed. The advance secured at the opening lias been lost, and values are now .about the same as at the end of last sale's. The trade is good and manufacturers arc busy, so that the prospects are favorable. The market is steady and is likely to remain so. Twenty-one thousand bales of New Zealand wool arc held over. The estimated values of New Zealand wools at the close of the second series held in Loudon on Ist April were: Superior merino, Is to Is 2d per lb; medium, lOd to 12d; inferior, ,8d to 9Jd; fine crossbreds, Hid to is 2d; medium crossbreds 9d to lid ; coarse, S.'d to lOd.

The National Mortgage and Agency Co. of New Zealand, Ltd., advise receipt of the -following cable 'from their London office: —Wool sales: Merinos and crossbreds closed on a par .with opening rates; medium, fine, wasty, greasy, and slipe, Jd lower : .scoured/ Id lower. •