COMMERCIAL.

Oamaru Mail, Volume XXXIX, Issue 10957, 23 December 1911, Page 3

COMMERCIAL.

HOME MARKETS. fT5r Electhic Telegraph—Copyright.] (Pep. Press Association.) Received December -'2. at 7.50 p.m. London. December 22. The wheat markets an; quiet. Hottor weather in the Argentine has induced more disposition u> sell. 36s 4WI is asked for an Australian JanuaryFebruary shipment, 3tis Od for November shipment, and 35s ad has l>een paid for parrels of January-February. There is little inquiry for Australian on spot at 37s (id. Flour i< quiet and unchanged. Oats are ririn. La Plata, January shipment, sold at 16s 101 d. Beans are linn, but prices are unchanged. Butter. —The warm, damp weather and heavy arrivals of colonial have had ' a slightly depressing effect on the mari ket. Danish 135s to 1365, choicest Australian 124s to 1265, secondary 118s to 120s, choicest New Zealand 128s to 130s unsalted occasionally 131s. Cheese is firm. New Zealand, 69s to 70s. Bank of England returns: Stock of gold and coin £33,196,000, reserve £23,304,000, proportion of reserve to liabilities 41.56, in circulation £29,286,000, public deposits £15,207,000, I other deposits £40,014,000 Government securities £15,271,000, other securities £35,219,000. On Thursday the bank rate was '4 per cent. Short loans are quoted at 3J per cent. Three months' bills are discounted as follows: London 3? per cent., Paris 3J per cent., Berlin 4g per cent. Consols, £77. Colonial Government Stocks.—New South W r ales, 3's £B7. Other stocks unchanged. Copper.—On spot, £63 2s 6d; three months, £64; electrolytic, £66. Tin.—On spot, £205 os: three months, £193. Lead, £ls 15s. j Iron, 50s 7Jd. Spelter, £26 15s. Sugar.—German, 14s 6d; first marks, 16s 7d. The Bradford wool market is quiet, but prices are unchanged. A meeting of the shareholders of the North British and Australasian Company agreed to a re-organisation of the capital. j PROPERTY MARKET.

Guinness and LeCren, Ltd., Waimate, report the following land sales during the past week:— Account Mr James Streeter—l67 acres 2 roods freehold, with buildings and improvements, situated at Makikihi, to Messrs Henry Morris and William Saunders-Loder. Account Mrs C. E. Cain —24 acres 1 rood freehold, situated at Hunter, to Mr John D. Engelbrecht. Account client—l acre 1 rood 2G perches freehold, with o-roomed dwelling and outbuildings, situated on Mill road, Waimate, to Mr David Herron. Account Mr William Manchester —6 sections, each containing 1 rood, situated in Upper High street, Waimate, to Mr Alexander Stewart.