COMMERCIAL.

Otago Daily Times, Issue 13587, 8 May 1906, Page 4

COMMERCIAL.

COMMERCIAL CABLEGRAMS. LONDON, May G. Copper: Spot, £Xi ss; three months, fSI 7s Od. Tin: Spot, £188 Ss; three months, £181. Load, m 59. Silver, 30 13-lGd per ounce. Copra: Strong. South Sea steamer parcels, JEI7 15s to £19. Linseed oil, ,«l. Kauri gum: The stock is 1217 cases. Wheat: A cargo of Australian sold at 31s Gd Hemp: Steady and unchanged. Wool: The Antwerp sales have closed. There was increased' competition, especially for fine crossbreds, which ahowed 20 centimes advance on the March sales. Seven thousand and twenty bales of La Plata were offered, and 4724 sold. Six hundred anil seventy-seven bales of Australian were also offered, and 241 sold. Rabbits: Very dull. Larso Molbournes and Sydneys, 13s to Us; New Zealands, 16s. Frozen meat: Sheep—North Island, 38d; best brands, 3Jd. Lamb—North Island, 1 3-7 d (?). Beef—New Zealand fores, 2Jd. All other meats unchauged. Dalgety and Co. have declared an interim dividend of 3s. SYDNEY STOCK SALES. SYDNEY, May 7. At the HomebusU salo cattlo showed an advanco of from 10a to 15s per head, bullocks selling up to £13 12a Gd and cows to £9 ISs. A line of Queensland bullocks averaged ilO 9s.

THE HIGH COMMISSIONER'S CABLEGRAM. The Industries and Commerce Department has received the following cable from the High Commissioner, dated London, the sth of May:—There lw3 beon a dull sale of all qualities. The mutton supply is increasing,' and Ibero is an inclination to force the sales, which makes the market weaker, though not actually lower. The average price of Canterbury brands to-day is 4Jd; light, 3Jd. Heavy weights North Island brands are selling at 33d; best quality, '3j!d. The second quality lamb market is weak. Slocks have been distributed amongst agents, who are pushing sales. Tho low price quoted is increasing the output. The overage prices are ijd, -Jjid, Canterbury and other than Canterbury brands respectively, The beef market is quiet, there being no change in prices. The butter market is quiet, hut firm, there being a fair demand for better grades. The supplies are increasing from Ireland and Siberia. The average price of tho choicest New Zealand butter to-day is 101s per cwt. Australian is quoted at 965, Argentine at 90s, Danish at 105s, and Siberian at 80s per cwt. The chee.ft market is a shade weaker. White makes are quoted at 60s per cwt. There is a small supply of coloured on hand, which is quoted at Gss per cwt. Thcro being no change of price, tho henip market is quiet for spot lots, but there is a better demand for distant deliveries. Tho cocksfoot seed market is quiet. Buyers are waiting samples of tho new crop ot won!. The market is firm, there being more inquiries made. The current quotations ore:—Bradford tops, 3G's, low crossbreds, Is 5Jd per lb; 40's, low crosshreds, Is OVl; 44's, low croßsbreds, Is BJd; 50's, halfbrcds, Is lid; oG'e, quarterbreds, 2s ljd; CO's, meronos, 2s Ml. ♦ . SALE OF EDUCATIONAL LEASES. Messrs Donald Rcid and Co. (Ltd.) leport li iviug held a. sale of leaseholds under instructions from the Board of. Governors of the Otago High Schools. The sale took place at Middlemarch on Saturday, and 'was largely attended. Many of the leaseholds fell to present occupiers. In sonie caios spirited competition was met with. The following sales were effected:—Sections 37 to .19, 41 and 42, block V, 273 acres S roods 11 poles, upset Is 9d per acre, valuation for improvements £6-19 Gs 6d—W. tt. Jones, at .ipset; section 48, block V, P! acres, upset Is per acre, valuation for improvements £11 14s—N. M'Fadyen, at 2a Gd per acre; sections 1. 2, and 9 to 12. block XIV, 29 acres 3 roods 10 poles, upset lO.i per acre, valuation for improvements £20 17s—D. R. Grant, at upset; sections 8 and 8; block XIV, 9 acres 3 roods 32 poles, upset 10s per acre, valuation for improvements £9 16s—D. R. Grant, at 33s per aero; section 7. block XIV, 4 acres 3 roods 3G polos, upset 5s per acre, valuation for improvements £0 se—John i>ay, at lis per acre; sections 13,14,19, 21, and 22, block XIV, 23 acres ] rood 32 poles, upset 10.?, valuation for improvements £173—C J. Jennison, p.t upset; section 15, block XIV. 4 acres 1 rood 2 poles, upset 10s per acre, valuation for improvements £" ss—W. Watson, at upset; section IG, block XIV, 3 acres 1 rood 3 poles, upset 10s per acre, valuation for improvements £4 2s Gd—Mrs A. Webb, at npset; portion 23, block XIY. 4 acres 2 roods 26* poles, upset 8s per acre, valuation for improvements £40-W. D. Mr.=on. at upset; sections 26. ?i. 29, 29, and 30. block XIV, IS'acres 2 roods 7 poles, upset 7s (id per Borc.v.iluation for improvements £14 12s Gd— C 3. Jcnneson, at upset; sections 4 and 5. block XIV, 9'acres 3 roods 2 po'-e", npset Gs 3d per acre, valuation for improvements £371 4s—passed in. Township of Arden. Rations 2, 0, and 5 to 15. blocks I and 11, 6 soks '2 roods 12 poles, upsent 7s Gd per acre, valuation for improvements £12 Is—James Farauhareon, at 14s Gd; sections 1 to 4G. block XIX. sections 1 to 25. block XX, and sections in block X 1.,20 awe? 1 rood 25 pole 3, upset ]0s per acre, valuation for improvements £18 Ss— F. 11. Atkinson, at upset; sections 1 to 18. block XII, and sections 5 to 14. block XIII, 7 acres, upset G* pafacre, valuation for improvements £12— F. M'Clintock, at upset; sections 1 to 56, block XV, 9 acres 3 roods 29 poles, npset 10s per acre, valuation for improvements 16s Gd—Archibald Brown, at 13s; sections 1 to 46, block XVI, 11 acres 2 roods, upset 12s per acre, valuation for improvements £115s—Archibald Brown, 15s per acre; sections 1 to 12. and sections 35 to 4G, block XVII, G acres, upset 12s per acre, valuation for improvements £1 13s—Archibald Brown, at upset: sections 1 to 11, and sections 36 to 46, block XVIII. 5 acres 2 roods, upset 12s per acre, valuation for improvement:! £1 Gs—Archibald.Brown, at upset; sections, 13 to 34. block XVII, and sections 12 to 35. block XVIII, 11 acres 2. roods, npset 10s per acre, valuation for improvements £70 14s—J. M'Kinnon, at upset; sections 1 to 28. block XXI, and sections 1 to 23. block XXII, 13 acres 1 pole, upset 10s per acre, valuation for improvements £106 lGs—J: Ecnwick. at upset; section —, block XXIII, 1 acre 2 roods .26 poles, upset 10s per acrp. valuation for improvements £2 8s 9d—Archibald Brown, at upset. On yearly lease: Sections 7 to 19, block V, 3 acres 0 roods 33 poles, upset 5s per acre, valuation for improvements £3 ss—James Robertson, at upset; sections 4 to 15, block 111, and sections 1 to 19, block IV, 8 acres 0 roods 10 .poles, npset 5s per acre, valuation for improvements £8 63 Gd—John Hay. at 13s; sections 5 to 16. 20 to 23. block VII, and sections 6 to 17 and 21 to 33, block VIII, 12 acre's 2 roods, upset 5s per acre, valuation for improvements £7 10s— William Anderson, at npset; sections 2 to 20 and 23 to 37. block X, 8 acres 1 rood 1 pole, iiPEot Bs par acre, valuation for improvements £7 Gs—William Coatsworlh. at 10? Gd: sections 7. 8, 31. and S3, block IX. 1 acre 0 rood* 1 pole, upset 6s per acre— G. H. Barrett, at 153; sections 13 to 15,17 and 18, and 22 to 28, block IX, 3 acres, upset 5s per acre, valuation for improvements £1 19s—A. Stewart, at 10s Gd.

PROPERTY SALES.

Messrs D. M. Fea, and Co. report having sold privately Dr J. L. Gregg's farm, Incbclutha, containing 59 acres 1 rood 10 poles, with buildings thereon, at a satisfactory price, Mr Peter Boyd, of Stirling, being the purchaser. This property was offered by auction by the same firm on April 25, and was passed in.

GRAIN AND PRODUCE MARKET. Messrs Donald Rcid and Co. (Ltd.) report: — Wo held our weekly auction sale of grain and produce at our stores on Monday. The offering was email, but with strong competition for all linos of produce, the catalogue was speedily cleared at satisfactory prices. Values ruled as under:—

market has seldom been so bare of supplies ns it is at preecnt. There is strong demand both locally •' and for export, but as shippers' limits nrc nbont on a level with last quotations the local trade, buyeis are taking most consignments it i slight advance. Arrivals are on the lowest scale, and demand [or all classes is strong. Quotations: Prime milling, 2s Id to 2s 2d; good to best feed, Is ll»d to 2s Id; Medium, Is lOd to Is lid per bushel fmcks extra). Wheat.—The bulk of tho southern wheat has so far turned out in anything hut satisfactory condition for millors' requirements, and, in consequence, a large proportion of it is only saleable as fowl wheal. Prime milling lines are in strong l demand at prices which show a decided improvement on late values. Fowl wheat has been offering more plentifully, but with good demand, quotations arc well maintained. Quotations: Prime milling, 3s 3d to 3s Oil; medium to good, 3s Id to 3s 2Jd; whole fowl wheat, 2s lid to 3s; broken and damaged, 2s 8d to 2s lOd (sacks extra).

Potatoes.—Supplies coming forward are just about sufficient to supply tho local demand, aud, in consequence, prices for good table sorts are about on a level with late values. Sound, well-shaped somples suitable for seed have strong inquiry, and are roadily placed at satisfactory prices. Medium and' indifferent lines, although not in favour, aro inoro easy to deal with. Quotations: Best lines of TJp-to-dates and Derwonts, £10 15s to £11; medium to good, £10 to £10 10s; others, £8 to £9 10s per ton (sacks included).

Chuff.—The supplies now on hand aro mostly of medium quality, for which class there is little or no inquiry. Prime oaten sheaf, on the other hand, is in strong demand and finds ready sale at prices which show a slight improvement. Quotations; Prime oaten sheaf, £i 10s to £) 15s; medium to good, JE3 to £i Is Gd; inferior and discoloirrcd, £2 10a to .C 3 15s per ton (bags extra). Straw.—The market is moderately supplied with oaten, which sells at 42s 6d to 455. Wheateu more plentiful at 37a (kl to 40s per ton.

Messrs Dalgely and Co. (Ltd.) roport as follows:— We held our weekly sale of grain, etc., on Monday. There was a good attendance of buyers, and our' catalogue, which was a fairly representative one, met with good competition. Practically all lots on offer sold at an advance on late" rates. Ruling values are as under:— Oats.—Tho market is very firm. So far not many lines of southern oafs are.offering, and although there are plenty of enquiries for coastal shiument, etc., the business passing is limited. Reports of a number of southern crops being moro or less damaged will probably tend to baTden prices. Menntime, any lines offering at prices quoted are readily taken up. Quointions: Prime milling, 2s Id to 2s 2d; good to best feed. Is UJd to is 05d; inferior and medium, Is lOd to Is lid per bushel (sacks extra). Wheat.—For prime milling wheat there is still a good inquiry, and prices ore firm at late rates. Prime Tuscan is scarce and in good demand, while sales of both velvet aid red chaff have been made during the past week at advances on lato rates. Medium quality is meeting with more attention from buyers. Fowl wheat is not offering freely, and there is at present some inquiry from shippers and tho market is firm at last week's rates. Quotations: Prime milling Tuscan, 3s 4Jd to 3s sd; priuio milling velvet and red chaff, 3s 3d to 3s ii; medium milling, 3s Id to 3s 2d; best fowl wheat, 2s lid to 8s; broken and damaged, 2s 8d to 2s lOd per bushel (sacks extra).

Potatoes.—Supplies are about equal to demand without any quotable change m values. Prime Derwents and white sorts sell readily at quotations, while there is also sonic demand for varieties suitable tor seed. Quotations: Best Derwents and while sorts, £10 10s to £11; medium Derwents. .69 10s to £10 ss; Others, £8 to B per ton (hags in). Chaff.—Consignments lately have not been heavy, and at present there is a scarcity of/ prime oaten shc-af which Rold yesterday at a slig'ht advance on last week's rates. Medium quality is still hard to" quit. Quotations; Prime oaten sheaf. £3 10s to £3 15s; medium oaten sheaf, £3 to £3 7s Gd per ton (hags extra). Straw.—Oaten at 40s to 455, and wheaten at 35s to 40s per ton pressed.