COMMERCIAL.

Oamaru Mail, Volume XXXIX, Issue 12258, 8 June 1914, Page 4

COMMERCIAL.

DUNEDIN MARKETS. By Telegraph. - (Special to the Oamaru Mail.) Dunedin, June 8. Messrs Donald Reid and Co. report_ as follows: — . . Outs—Prime milling. Is IOAd to Is lid; good to best feed, Is 9d to g ls lOd; inferior to medium.,ls 6d to ls^od. Wheat. —Prime milling velvet, Is At to 4s 3d; velvctear. 4s Id to 4s 2d; medium. "4s; best whole fowlwheat, 3s lOd to 3s J Id: medium to good, 3s 4d lo 3s 9d; broken and damaged, '2s (3d Potatoes.—Good table, £4 to £4 10s; choice freshly picked, £4 15s to £5; inferior to medium, £3 to £3 15s. ' Chaff:—Choice 'black oat, £3 10s to £3 12s b'd; best white oat, £3 us to -£3 10s: medium to good,; £3 to £3 2s Gd; light and discolored, £2 10s to £2 155.-

THE LOCAL MARKETS. ' ■ ' Oamaru Mail Office, Monday Afternoon. The Winter show .is every year responsible for tho disorganisation _to a greater or lesser degree of the local markets, for the reason that buyers and sellers alike in a figurative sense lay down their tools of trade for the purpose of visiting the show and participating generally in the gaieties that Dunedin affords at such a season. For this reason the volume of business was not great. The wheat market remains firm. There is a- good demand, southern millers being out to replenish stocks. Local millers are still holding well, but do not care to see good lines go past them if the price suits. Quotations are: Velvet, 3s ILVd to 4s; red chaff, 3s 9.Vd to 3s lOd; red Tuscan, 3s 9!d to 3s lOd; Marshall's white, 3s B'.d to 3s 9d<; solid straw Tuscan, 3s Sid to'3s 9d; ail quotations- hett at sidings; The oat market is easier, the price for ordinary being back fully one halfpenny. There is a good demand for heavy seed oats, but the commodity is scarce, and farmers fortunate enough, to hold- this quality are not attracted by current values. If there is any glimmer of hope about the oats market it is that 40,000 bags of ordinary quality have been shipped from the Bluff to" the London markets, and' negotiations are proceeding for furtSfer sales. Give a continuance of -shipping and the price for oats must firm. In the meantime quotations are: A grade Gartons, Is Sd to Is BJd nett at siding; ,B grade Id less. Potatoes for the nonce are a drug in tho market. Tiic northern markets are glutted, "and Dunedin, which bought freely prior to the show, has now eased its operations. The nominal value is £3 to £3 10s on trucks, according to value.

HIGH COMMISSIONER'S REPORT. Per Press Association. Wellington, June 8. Following is the High Commissioner's cable dated London'. June 6 (Note: Quotations unless otherwise specified are average market prices on spot) : Mutton: Good demand continues and prices are firm, especially for lightweights; Canterbury, 4gd for lightweights, heavy weights 3Jd; North Island, 4-2-cl for best quality lightweight. The lamb market is quiet hut steady, with less demand on account of the large supply of inferior quality of English lamb; Canterbury twos 6 5-16 d for first-class quality and to as high as 6|d. Beef: There is less demand owing f.o supplies of American chilled beef being large; New Zealand 1 hinds 4 7-16 d, fores 3 7-16 d; chilled hinds 5§ ; fores 3-! ci. Butter: There is no alteration in the butter market since last week; Danish, quiet, 114s to 116s; New Zealand, market*quiet but steady, 108s to 110s; Australian 100s to 104s; Siberian, market quiet and steady, 98s to 102s; Irish creamery slow, 104s to 108s. The cheese market is firmer; old Canadian: has a firm market at 68s to 70s; new is in good demand at 61s to 625; New Zealand is in good -demand—white at-62s to 635; colored from 64s to 655. The estimated Canadian cheese stocks . on June 2nd at London, Bristol, and Liverpool were 33,000 boxes, against 67,000 at the same time last year. The New Zealand and Australian stocks in London and- Bristol were. 37,000 crates against 34.000 last year.