COMMERCIAL.

Oamaru Mail, Volume XL, Issue 12695, 15 November 1915, Page 3

COMMERCIAL.

THE LOCAL MARKET. Oamaru Mail Office, Monday Afternoon. The week has been an exceedingly quiet one in the local market, all departments having suffered. A better inquiry has been experienced for wheat, a.nd there is a stronger feeling. It is now evident that millers' stocks of wheat are running down, but no disposition to buy freely has been manifested. The cutting tactics that have been pursued in regard to flour has shaken confidence as to the future, and induced a spiritof caution. At the same time any lines available at slightly improved prices would probably find buyers, but the few remaining holders in the country are not eager to sell, and are content to hold on for better money, should it become obtainable. We have only heard of a solitary sale during the week, this being a modest line of Tuscan, which changed hands at a country station at 4s 3d net. South Canterbury wheat has been sold in this market, however, a.t 4s 4d net for both Redchaff and Tuscan. No oats have been seen on the market during the week. Potatoes, thanks to a good outside demand, have further advanced, and ■the week's business has been done at £9 net on trucks. The doubt in respect to feed, because of the want of a good rain, has had a restraining influence upon business in the stock market. Outside of the sales at auction already reported in onr columns the only business we hnve heard of has been in ewes with lambs. A few modest lines of these have found buyers at from lis 6d to 13s all counted, the ewes being classed as failingmouthed.

DUNEDIN MARKETS. (Special to the Oamaru Mail.) By Telegraph. Dunedin, November 15. Messrs Donald Reid and Co. report as follows: Oats. —Prime milling 3s Id to 3s 2d, good to best feed 3s to 3s Id, inferior to medium 2s 9d to 2s lid (sacks extra). Wheat.—Prime milling 4s od to 4s 6d, medium 4s 4d, best fowl wheat 4s to 4s ' 3d, inferior to meduim 3s to 3s 9d (sacks extra). Potatoes.—Best table potatoes £9 to £lO 10s, others £5 to £9 (sacks included). Chaff.—Prime quality £5 t-o £5 ss. choice black oat £5 7s 6d to £5 10s, medium to good £4 15s and £4 ss, light and discolored £3 15s to £4 2s 6d per ton (bags extra). Dunedin, November 15. Messrs Dalgety and Co., Ltd., report as follows:—• Oats. —Prime milling, 3s Id to 3s 2d; good to best feed, 3s to 3s Id; inferior and medium, 2s 6d to 2s 9d. Wheat —Prime milling, 4s 4d to 4s 6d; best whole fowl wheat, 4s to 4s 3d. Potatoes.—Best freshly picked tables £9 10s to £lO 10s. Chaff. —Best oaten sheaf, £5 to £5 5.5; medium to good, £4 10s to £5.

HIGH COMMISSIONER'S CABLE. Pep. Press Association. _ Wellington, November 15. Following is the High Commissioner's cable, dated November 13th (quotations unless otherwise specified are average market prices on spot):— Meat—A poor demand continues for all descriptions of frozen meat at lower prices on account of the large supply Jof Home-killed 1 mutton. Canterbury 7{d for lightweight ; heavyweight 6|d; ewes sfd. Lamb- —Canterbury twos 7£d; heavyweight fours 7Jd; secondclass quality lightweight other brands than Canterbury 7Jd for best quality lightweight: ordinary quality 7fd. The butter market is quiet butsteady, with better demand for best quality. The supply of low grade ex- ! cecds the demand. The Danish market [ is firm at an advance; 170s to 1745; Siberian 124s to 132sj Argentine (good demand) 156s to 1575; United Stats?

140s to 150s; Irish creamery 150s to V^ S " j le ew Zealand market is cleared. Tlie cheese market remains firm, but quiet; Canadian white 86s to 88s; colored 87s to 89s; English Cheddar 96s to 100s; Cheshire 102s to 106s. The New Zealand market is cleared. The wool market is very active and strong and all stocks are advancing. -Prospects are favorable. The wheat market is firm and prices continue to advance; Canadian Novem-ber-December shipment 555. The oats market remains firm; Argentine on spot 31s 6d : November-December shipment, 31s. TATTERSALL'S PROPERTY SALES. There was a large attendance of bidders at the sale of property held in Tattersall's on Saturday afternoon, when the following sections and property were sold : On account of Mr J. S. Roberts, building site (freehold section 26, block 9. Town of Oamaru), situate in TJsk street, for £235 to Messrs Harbour and Sutherland. On account Mr W. J. King, freehold property in part of section 1, block 1, Oamaru Survey District, comprising seven building sites, all having frontages on Oamaru street. Lot 1 £39, lot 2 £26, lot 4 £23, lot 5 £23, tots 6 and 7 £23 each, all to Mr Nightingale. Lot 3to Mr D. Williams £2l. House for removal, £4O.