COMMERCIAL.

Oamaru Mail, Volume XXXIX, Issue 12282, 8 July 1914, Page 5

COMMERCIAL.

[By Electric Telegraph—Copyright.] Pi",f. Press Association. WOOL SALES. Received Julv 8.. at 10.25 a.m. London, July /. The wool sales have opened. *lheie are very iew merinos, but there is a good selection ot cro'vbreds. Prices ale at par to 7.1 per cent, advance. THE MONEY MARKET. London. July i. Consols, 75;. , Bank of Australasia. £123 to -o: Bank of Xew South Wiles. £42 10s to £43 His; Union Bank. £59 to £01; National Hank of New Zealand, £o 7s Od to £5 12s Od: Bank of New Zealand, £lO 5s to £lO 15s; Now Zealand Loan and Mercantile ordinary stock. £9l. The Union Bank lins rhv-lnred a <lindend of 10 per cent, and a bonus ot 2 per cent, 'lhere has been transfei red to the reserve £30,000, and tlie amount carried forward is ,£45,510. BRITISH TRADE. London, July 7. The imports for the quarter decreased bv £37.477, the exports by £2.903,592, and tlie re-exports increased by £212,317. DUXEDIN GRAIN AND PRODUCE REPORT. Messrs Dalgety and Co., Ltd., report as follows: —We held our usual weekly sale of grain and produce at our stores <m Monday, when values ruled as under:— Wheat. —Very little milling wheat is coming under offer. Millers have fair stocks on hand, and any samples of prime milling offering are readily taken at quotations. Fowl wheat is in. short supply, and meets with a good demand at quotations. We Quote: Prime milling wlieat. 4s Id to 4s 3d ; red wheats, 4s' to 4s Id; best whole fowl wheat, 3s lid to 4s; medium fowl wheat, 3s Sd to 3s lOd per bushel (sacks .extra). Potatoes. —The market is still supplied. There is stiH a large quantity held in store. The demand is very hlack except for'choice freshly-picked southern-grown tubers, for which there is a limited sale at from £4 to £4 10s ; nood tables. £3 10s to £3 15s: medium, £3 to £3 ss, according to quality and condition. Chaff.—Consignments during the past week have not been hcavv. The demand is restricted to choice quality, which is meeting with a fair enquiry at 'quotations. Medium quality, of which iiiere aro still large stocks held in store, is not meeting with tlie same demand. We quote: Choice black oaten chaff, £3 10s to £3 12s 6d: *>est white oaten shear, £3 os -to £3 10s; medium and inferior, £2 10s to £3 per ton (sacks extra). Oats. —Offerings from the country of late have not been heavy, and as shippers are not operating to any extent, the market remains quiet and values tmaltered. We quote: Prime milling Gartons, Is lOd to Is lid; good to best feed, is 9d to Is 10d; medium. Is 8d to Is 9d per bushel (sacks extra). Cowie (Mamakoa), 40 at 16s 7d; on ac-

W AIAREK A "YARDS. The National Mortgage and Agency Company (Ltd.) sold: — Account Mr J. Mahoney. juiir. (Enfield), 32 fat lambs at 17s .d: account Mr J. M'Fadgen (Enfield), iOO 4, 6, and S-tooth crossbred ewes at 23s 6d. —-Pigs. Account Mr J. Dennison (Ardgowan), H -weaners at 10s. 2do at 12s: accountMr S. M'Gookin (Enfield), S slips up to lis 6d. WOOL SALES. •The National Mortgage and Agency Company (Ltd.) are in receipt of cable advice from their London office regarding the July series of wool sales opened in London yesterday. They report that there was a large attendance _pf buyers operating, and prices offered fifr fine ■crossbreds were 7i per cent, better than the prices ruling at the closing of the last series. For best medium sorts there was a slight advance, while quotations for others are unchanged. There was only a very small offering of merino.