COMMERCIAL.

Otago Daily Times, Issue 13998, 3 September 1907, Page 4

COMMERCIAL.

LONDON MARKETS. Press Association— By Telegraph-Copyright. LONDON, September 1., Th<> New Zealand hemp market is steaay, but quint. Good io iftir August to December shipments, £52. . Copra: Flat. South Sea sold at f29 ss. The Frozon Heat Trade Association s Smithlie'd market quotations for the undermentioned <-lar,?os of frozen mc-at- arctascd on actual ! <--alca ot not less thai 100 carcases of muiton and lamb 0r25 carcases of beef of fair average quality. Thcee quotations arc noi lor selected lines, 'but for parcels fairly representative of Hie bulk'of shipments now on tho market: — Frozen' lanib, Canterbury heavy, 36-d2,t,JJd; hqavy River Plate sheep, 3Jd. The rest are unchanged. , Tho rabbit market is gradually improving, but' unexpectedly large shipments are surprisiß" tho market after the statements about shortage. Quotations are:-Sydney large,'l2s to 12s 6d; young, 10s Cd. There is it gtoat phorUgc of hare 3. First grade 2s Gd, second 2a—piactically all bought for France and Germany. Wheat: Cargoes sold at 37s to 37s 3d. Silver; 2s" 7Jd per ounce. Antimony, £8 10a. Copper;: Spot, .-{76 sb; tiree months, £75 7a <kt. Tin: Spot, £165 15s. .Lead, £19 7s Cd. lIIGS COMMISSIONER'S CABLEGRAM. (Pep. Ukited Press Association.) WELLINGTON, September 2. The High Commissioner cabled from London on August 31: — Mutton.—Slightly weaker; less dnniand. The tlooks on hand aro heavy. Prime Canterbury, hov.'ovei, is scarce at ; sccondclass quality, 3j|d; North Island, 3Jd per lb, ■River Plate mutton is in heavy supply, and is strongly pushed for sale ftt 3j)d. Lamb.—Finn. Fine weatlfer. has set in, and ij gohcral. There is an active demand, willi moderate stocks o"i hnml. Canterbury lamb, 5Jd; other than Canterbury, 5Jd. Beef.—Quiet. Supplies increasing. Hindquarters, 3Jd; foroa, 23d. Butter is firm for best quality. Tho supply is falling short ot the demand. Prospects are favourable. Tho nominal quotation • for choicest. Ne-.v Zealand is 106s; Danish, 110 a; Siberian. 063; Canadian, 105s. Ohejsc.—Quiet. Holders are firm. It will li 6an agreeable surprise if prices do not dceliue, as tho Itonio make is vary large. New. Zealand white is quoted at 60s, and coloured at 01s per owt; Canadian white, 575; coloured, 535.

Tho hemp market is dull. Very little business is doing. Good fair Wellington, 32s lOcl; fair , grade, 29s—-both on spot. Cooksfoot Seed.—Finn, with light stocks on hand. ■ Bright, clear Now Zealand seed (17lh per bushel), GOs. New Zealand long-berried wheat, on spot, per quarter of JDGIb, !)fls Gel; New Zealand short-berried wheat, ditto, per quarter of 4961b, 35s Gd. Tho inarkot is firm, with an improved 'demand. New Zealand Oats. — Sparrowbillg, ci; Eranary, on spot, per quorler of 3011b, 20s j New' Zealand oats (Danish), ditto, of 3201b, 21s 9d. Tlio demand for oats on ilie spot is good. Tho same reiiiark applies to paresis to arrive. New Zealand bjans, i.a.q. (new crop), per 50tlb, Sis Gd. Tiie market is firm, with a hardening tendoncy. Partridgo peas, 41s, The market is quiet, but firm. ~, - WELLINGTON STOCK EXCHANGE. (Fbom Oun Owh ConnßsroNDKiT.) WELLINGTON, September 2. To-day'a Stool; Exchange call evinced a ■slightly quieter tone, the demand in Eome descriptions not being so insistent as was tho case la3t week. Operators in National Banks, says the Post, had to pay fractionally higher rates, a parcel of rhnres being token at £5 Bs, but New Zcalands liavo no inquiry, and sellers will liavo to reduce values if tlicy want to do business. Wellingtons and Manawatus aro again in favour, 12s being given for a line of scrip. In gas, Fort Chalmers had a buyer at lGs Od, but no seller declared, and National Insurances were wanted at 26s 3d. In industrials, New Zealand Candles veto offered at £10, GBAIN AN© PRODUCE REPORTS. Messrs Donald Roid and Co. report:—Wo held our usual weekly auction salo of grain and produce at our stores on Monday. Our cataloguo comprised neaily all the lines in demand 'ocally, and as it met with fair competition from a full gathering of local buyers, a c!eMailco was effected at priccs in mo3t cases on a par with late quotations. Values ruled as under:—

o*ats.—With tho exception of sale.? of seed tines, there has been little business during the pant week, as present quotations do not allow a margin Cor shipper to operate freely. Good to choice see<l lots are in strong demand at late values. Quotations: Choice socd, 4d to Ss Gd; good do, 33 2d to 3s 3d; nrhno milling, 3s to 3s Id; good to be6t feed, '& lid to Ss; inferior to medium, 0s 9d to 2s IOJd per bushol (sucks extra). WJiefl—Thero is not muoh activity in the market, although in somo cases millers, who

havo bc-en holding oft, show more disposition to buy. Primo samples oiiiy ore considered, and in best qualities several rales havo been effected. IfoJiura lines tare almost nnsaleablo except as fowl wheat, which is still scarce an<l in fair demand. Quotaikra^: Seed lines, 4s 8d to ss; prime milling, is 6il to 4s 7d; medium, io '4s 3d; s .whole fowl wheat, Is 3d to 4s 5(1; broken&nd damaged, 33 lOci.to 4a 2d per buslicl (sSSkfl extra). Potatoes.—The m'&rkct haß'bscn glutted for some time, heavier . consignments Inst week have further augmented the quantity

in store. The demand is quite .inadequate to absorb the supplies at late quotations, and : in ordsr to effect sales it lias been necessary to accept reduced prices. Quotations: Prima Dcrwcnts and Up-tp-Datcs, £2 153 to £3; :u"dinm good. X'i .'is to 10a; inferior, wl 15s to £2 per ton (bags included). Chaff.—Consienimits havo sliwx.encxt considerably, but the quantity in store is sufficient to supply requirements without adiy advance in values. Prime quality only is inquired for, medium and discoloured, lots having slow sale. Straw chaff also is not much in demand except for specially bright well out lines. .Quotations: Prime .Oaten sheaf, £6 10s to £5 12s Gd; ohoioc, to SA 15s; medium to good, £1 15s jx> £5 ss; light and inferior, £4 to £4 Ills; oaten straw chaff, £3 10s to £3; whea'eii, £2 t,o £2'ss par ton (bags extra). Turnips.—The quantity coming forward is quite sufficient to supply requirements, emit best swedes am worth" 22s to 23s per ton, (loose, oi- truck). Straw.—Quotations: Oaten, 57s 6:1 to 60s; wheaian, 40s per ton (pressed). Messrs Dalgety and Co. (Ltd.) report- as follows:—We hold our ustial weakly auction sale of grain and prcduco at our stores oil Monday, when we. submitted a fair sized cataloguo to a poer attendance of buyers. Competition at the sale wta devoid of animation. and as p. result a considerable number of the lots on offor hud to be passed in- pending private sole. Valuss ruled as under:—

Oats.—Tho msrkot is quiet, and business is of a hand-to-mouth nature, and in confined, chiefly to small local feed lines, .and' :fiaod lines to the country. Late values, however, we taWj well maintained. Quotations: Seed lines, 3s 4ei lo 3s Od; prime milling, 39 to 3s Id; gocd to beat few, 2s Ud to 3s;. inferior to medium, 2-s 9d to 2s lOld per biEhal (ex store, sacks extra). "Wheat.—TDio market is quiet. With reported advance in London liwrkot, holders are very firm, and are rigidly adhering to reserves, in _ advance of to-day's quotations, Tfcoro is fair inquiry for fowl wheat at quotations, which aro: Prime milling, 4s Gd to Is 7d; medium to good, 4s 4! ; di to is ud; whole fm7l wheat, 4s 3d to 4s -5d ; luplrou and damaged. 33 10d to 4s 2d perobushel (ox store, sscks extTa). ' , ' Potatoes.—The market is glutted, the only descriptions readily saleable boiug priino quality, for whicii up to per ton is procurable to-day. Medium and inferior are not in request, and can only bo quitted bv considerable reductions on the priccs obtainable for prime quality. Vc qucrte: Prin>3 table descriptions, £2 15s to £3; mociiuui 'to good, £2 5s to £2 10s; inferior, £1,15s to £2 per ton (sacks extra). Chaff.—The market is well supplied, although few consignments have arrived during the last week. Thoro is fair inquiry for prime quality, and for this description up to is 15a per ton is obtainable. All otbev descriptions are saleable at quotations. Quotations: Prims iiaten sheaf, £5 10b to £5.155; good, £5 5s to £5 10s: medium. £4 15a to £5; light and inferior, PA and upwards per ton (sacks extra). Turnips.—Quotations: Best swedes, 22s to 23a pe,r ton (loose, as track). Straw.—The market is well supplied. Quotations: Oaten, 57s Gd to 60s; wheaten, 37s 0a per toil (pressed).