COMMERCIAL

Otago Daily Times, Issue 12366, 30 May 1902, Page 4

COMMERCIAL

Daily Times Office, Thursday evening. BREADSTUFF,S. 'The news that the Federal Senate's request to put wheat on the free list had been passed by 16 to 10 causcd considerable animation in the wheat market, mid, although not much business is passing, holders ur'.' firmer than ever. It is anticipated* that the inferior lines of wheat will lie immediately affected. Chick wheat is now selling Hi Sydney at 4s to 4s $Jd, and it is known that considerable quantities of inferior wheat have been offering at from 2s lOd to 3s f.o.b. Oaniaru. And even allowing that some ot this is sprouted and would not leteh up to Sydney quotations, yet with wheat oil the Australian free list there is a good margin. Consequently, it would not be surprising if best whole fowl feed, now quoted at 3s Id to 5s 3d, saw an advance before the week was out, in which ease pi inio milling lines will likely move in sympathy.

American advices state that the reports ;Oi Dip winter wheal, crop are most, satis and it looks as if a large j'ield will bo obtained.

A curious report comes from Christchurch with regard to tho 'Frisco flour, Jt is stated that one of the haker.s v.-ho was most prominent, in rutting the price of. bread to l'i "Jni 1 " , l ' onsc( l>ie»fe boycotted by the J ir.ur-.Millors Association. Ho retaliated by importing some San Francisco flour, which turned out so badly that h'is 'customers dcchned to take his bread, and his trade fell "h accordingly. Whorca? ho used lo employ three m four journeymen, be is now able to do -all Ins baking himself. We do not vouch for the correctness of the story, hut it hears out. the other reports received concerning the 'Fri«eo flour. The oat market is also excited, hut whether in anticipation of (lie suspension of the Federal duty or on account of Aus-trali-ji! orders it is difficult to say. Prime mil ing oats were sold at. 2s BJd, and a line of B g ra( l e fetcliccl 2s 7d, both sales heinail advance on rates previously ruling! One large holder, who this morning was willing to sell at 2s 7jd, this afternoon With rev: Ins samples from the market nendine developments. *

Adviccp from .Southland stale tliat (lie 350 00(1 s I ""' 5 "''' s seaJon is a1,01,t 3d0,000 socks, and the ccaitwise ami inter■>'lT'lw'""'",ls cll i ri " ! '' llle ,llonlll «'« about 11,500 sai-ks. Some idea, of the rate iit which oats are going jway to South ti,,! 11 '?' IT I ', Satl'ei-ed from Ilia fact that 1 xl Rm ' ,a 9 iri-lveil at t!io liluff fr..m Melbourne (o loa( , 60 000 gQ m a t) lugs for South Africa, and the Wo'kfield, from New-rustle, is loading at the same port for the samo destination. The Oamaru Mail remarks: "Some comment has lately ken made upon the quality n ?\}" in S slli PP<!d from tl.o colony to South Africa, The experience in l,o " ,wtl "i> with the shipment m • !*'r i? °I fc lc ' os ' ia certainly does not justify the advorso comments that'have been made Wo have scon some samples ot oak that wcro rejected hv the (iorerainont examiner, and most people, even those who have a knowledge of the snbiect, agree that tliofo are of a quality that might have been expected to pass."

THE OIL MARKET. The s.s. Hafis, with 26,552 raises of kernstilt for the Colonial Oil Company, left \ow York on April 7. Slio calls at I'rcmantle, Auckland, Wellington, and Lyltelion before coining to Port Chalmers. Messrs Arkell and Douglas report from -Nov/ York under date April 26 with respect to kerosene: "The American and Oriental bxport Petroleum Company arc quoting at present wator white «i! packed 2ft Imperial. 1000 case lots, low jerews, delivered ■ to vessel, 10/10 per American gallon, packed in yellow pine cases; white pine cases J,o a gallon extra. This oil will bo packed uudor any brand not controlled by the Standard Oil Company. 'Hie company guarantee to refinu the Pennsylvania crude only, thus furnishing oil of the highest burning quality. Tho Standard Oil Company are not shipping very largely at present, and ivc havo

not heard of any specially heavy contractu having been made. Wo holievc llic A. and A. and the Tysed linns, jointly, have lately agreed to carry some 100.000 or 150,000 cases for Now Zealand port?."

Tho Melbourne Ago slates that a consignment of Borneo oil will shortly ha put upon (ho Australian market. It is water white and smokeless, and is highly spoken of hy consumers.

WOOI, SALES. file Dlllicdill \\oolbrokei'ii' Association held,the fifth sale of the season to-day. There wa? a fair attendance of buyers, and jhe bidding was animated for all decent lots. Tho bull: of tho wool offered consisted of past and stragglers' lots. Fine wools, in sympathy with the Homo market, were decidedly firmer, and in some instances showed an advance of dose up to Id on the previous sale. The lots offered were in £00(1 demand from 6d to B^*l. Ooftrscr wools, although not in such demand, woro fairly firm at from to 4{d. Messrs I) Reid and Co. (Limited) report as follows: Wo held our fifth wool sale of the season at the Agricultural Ilall on Thursday when submitted a cata]o«uo comprising 4') bales and -15 bags. The quality of the wools put forward was for the most part very inferior, consisting almost entirely of seed" and atanied stragglers' lots and Into shorn "clip.i. All Ihe local buyers were in iMtondance, and competition throughout was good, the priecs realised for fleece wools l)Pi; 1K raflier better than those ruling at last sale. The amount of revenue collected at tho Dunedin Custom House to-dav on goods cleared for consumption was £794 9s 7d. o TI A B Standard states that tho New bouth Wales loan is at a premium of oiio and one-eighth. Applicants for larße amounts receive 7 per cent, of their applications.