COMMERCIAL.

Oamaru Mail, Volume XXXIX, Issue 10783, 3 June 1911, Page 6

COMMERCIAL.

HOME MARKETS. [Br Electric Telegraph—Copyright.] (Peh Press Association.) Received June 2. at 8.30 p.m. London, June 2. Bank of England returns: Gold and coin £37,805,000. reserve £23,931.01)0. proportion of reserve to liabilities 51.99. in circulation £28.573.000, public, deposits £14,309,000. other deposits ■'•-J0.351.000, Government .securities £14.971.000. other than Government securities £29,524,000. The bank rate is 3 per cent. Short loans are quoted at 14 per cent. Three months' bills are discounted as follows: London, 2 1-1(5 per cent. ; Paris, 2 per cent.; Berlin, 2[ per cent. Consols, £Bl os. Colonial Government stocks are unchanged. • , . The wheat markets are dull and inactive. The tone is weak owing to the excessive shipments and generally favorable crop outlook in Europe. 35s is being asked for South Australian, per sailers February-March shipment;. :34s d for April shipment; 34_s 9d for Victorian and New South "\\ ales, March shipment, and 34s 6d for May shipment. For a South Australian parcel now due 33s 9d has been paid. There is a small demand for Australian oil spot at 36s 9d. Chicago July wheat is quoted at 88'- to 895 cents. Flour is quiet. Australian, qn spot, 24s 9d ; afloat, 24s 3d. . ' Oats are quiet. La Plata, June-July shipment, 14s 9d. ■ Butter is flat. There is a small demand for colonial owing to the.plentiful supplies of English and Continental. Prices are practically unchanged. Cheese is weak. : New Zealand white, 565, colors 575. Tallow. —The stocks are :4852 tons, the imports 4857 tons, whilst deliveries total 4164 tons. Copper.—On spot, £57 =ls : 3d; three months, £55 12s 6d. Tin.—On spot, £214; three, months, £l9l. Spelter, £24 7s 6d. Sugar.—German, 10s sd; first marks, 12s sd.' '' ': . ' ' ' * ' ■ At : . Bradford wool, is .steady but unchanged. AUSTRALIAN 3\JARKETS. [By Electric Telegraph—Copyright.] (Per Pbess Association.) Received June 2, at 2.50 ; p.m. Melbourne, June, 2., Chaff —Wheaten,-. choice 72s 6d to 755; good; ,675.-6d,;to .705.; medium, 60s to 655; oaten, choice, 725,6 d. ;good, 60s to ! 655. . 1 ! ■ CHRISTCHUHCH MARKETS.' (Peb Pbess, Association.) Christchurch, June 2.

The* wheat market is very quiet, there being bat littl'e ' offering, and buyers are not' very keen in their enquiries for it. Tliey - are not offering more than 3s 3d at country .stations, and few farmers-.who: are holding care to sell at this figure'.. • The oats ; market is very firm,' with oiily odd lines coming forward. Most of the business passing is therefore between merchants.

Chaff is also steady in price, 85s at stations being the rilling figure. Potatoes are ratlior easier;-buyers being indifferent about making purchases, even..if they could get supplies, at (ios at country stations, but growers are holding out for more money now that the potatoes are in pit. The lower quotations from the south and the reluctance of buyers in the North Island to make forward contracts at present is keeping business quiet.

DUNEDIN MARKETS. (Otago; Daily Times.) Owing to the almost' entire absence of business it is not easy to report exactly as to what are the actual values ruling for wheat. Probably 3s 4d to 3s 4id for red sorts and 3s 6d for velvet, ex store, Dunedin, would be very near the mark for good'milling wheat. A very prime line of velvet for. shipment to the North Island was disposed of during the week at 3s'6.Vd, "ex store. In the vicinity of stations north .of■ Oamaru holders are asking 3s 4d, on trucks, for Tuscan, and 3s 5d for velvet ; but as no actual sales are reported at these figures it may-be said that the values are merely nominal. The tariff of the Flourmillers' Association for flour and other lines is as follows:—Flour: Sacks, £9 ss; 1001b bags,. £9. 15s; 501b bags, £10;, 251b bigs, £lO os. Oatmeal, £l3 10s per ton. Pearl barley, £l4 per ton. Bran, £4 15s-per ton. Pollard, £6 per ton. There is still a strong market for oats. Farmers .are not offering their oats, ai]d merchants consequently are finding it difficult to secure lots at what they consider - a reasonable price to enable them to do business with the North Island. There is not much demand for prompt shipment, but fair inquiries for forward' delivery. Agents, however, are not , keen on this latter class of business. A grade Gartons have been sold at 2s 6i<f to 2s 7d, f.0.b., s.i., while B Gartons are ruling at 2s SWI to 2s fid, and A sparrows up to 2s 6d. . Consignments of chaff are still arriving freely, and lower prices have been accepted to effect sales ex truck. Stocks in store are very, heavy'. The demand is confined to prime samples, medium and inferior receiving little attention from buyers. • , " ' ' • • There has been rather more inquiry during the last few days for potatoes, but, this notwithstanding, prices, show, no improvement. Growers are firm holders. , ' . , The oaten and wheaten straw- market is fully supplied, and prices have slightly receded. There is a good demand for onions. - • The egg market has not been too brisk during the week, and prices have, eased. Preserved are in over-supply. ■ ■ Supplies of dairy butter are light, and consignments are readily placed on arrival. . _ ... Current nnces are as follow: Chaff.—Prime heavy oaten- sheat, £4. 2s 6di to £4 5s ;• medium to good, £d 12s 6d to £3 17s 6d ; inferior, £2 15s and upwards. , Straw. —Oaten, £2 as to-,£2 7s 6d, wheaten, £1 7s 6d to £1 10.? per ton. •' Hay, £4 to £4 15s per ton. _ Potatoes. —Prime .new quality, £4 to '£4 5s per ton; medium to good, £cj 7s 6d to £3 15s; inferior potatoes, £2 r £4< 10#; Melbourne, up to £5 per ton for prune. Eggs'—Fresh, Is 9d per dozen stamped, Is 10d? preserved, ls. to.ls.ld. Butter.— Dairy, lOd to lid per lb milled, llid'per-lb ; . separator,-m lib Pigs.—-Baconers, 4Jd per lb; porkers, ' Bacon. —Rolls (in quantities) 71d.t0 8d : boneless hams, 8d; side_s, 6d; hams under 201b, 8d to 9d per lb.