COMMERCIAL.

Otago Daily Times, Issue 14088, 17 December 1907, Page 4

COMMERCIAL.

WELLINGTON STOCK EXCHAXCE. (Fhom Oun Ovit; CoftHnsroiraEiT.)

WELLIXGTOX, December IG. On tho Stock Exchange to-day Wolliugton Meat Export scrip sold at £3 7e for tho £2 lis Gd paid shares. Further fairs of Manawtu Bails were effected at f2 8s 9d. The danKuid for Wwtport Coal ii still unsatisfied. Scrip was again trnn3/orrcd nt £7 16a. with buyors prepared to continue at that price.

AUCKLAND STOCK ECHANGE. (Frois OUB OVTI; COJ'.ezspokdkkt.) AUCKLAND, Deconiber IG. Stock Exchange salas to-day were: Taupiri Coal, ?0s; Auckland Gas, £li 7s Gd; D.1.C., Ce 2d. LONDON MARKETS. Press Association—By Telegraph—Copyright. LONDON, December 15. Frozen Meat.—Mutton: Canterbury light, 3 15-16(1; North Island. 3Jd; best brands, 3Jd. New Zealand lamb: Canterbury light, medium, s?d; heavy, s|d; Southland, 5Jd. New Zealand beef: Unchanged. New Zoaland Hemp: Quiet; quotations unchanged. Copra: Quiet. South Sea. £18 17s 6:1. Rabbits: Dull owing to heavy supplies erf English. llides: Neglected and withdrawn from sale. Nothing doing in leather and basils. Silver, 2s id per oz. Antimony. £9.

Copper: Spot, £59; three months, £G0 ss; eloctrolytic, iG2.

Tin: Spot, £125 5s Gd; three months, £106 15e. Lead, £13 12s Gd. THE HIGH COMMISSIONER'S CABLEGRAM. (Pin United Phkss Aogocution.) WELLINGTON, December 10. The High Commissioner's cablegrsm from London, Dccembor 14. is aa'follov.'s: — Mutton: Market dull, with less demand. Trado very disappointing, being only a band-to-month demand, '.Flic following are fhe current quotations:—Canterbury. : North Island, 3Jd; Australian, 2Jd; River Plato, 3d.

Ltvmb: Mark&t a shade weaker, owin? to )nrpc arrival? from Australia. Canterbury lamb, 53d; otber "than Canterbury, 5Jd. Beef: Market steady. The demand lias been chiefly for forcqnarfers. Quotations: Hindquarters. .lid; foreonarters, 2Jd. Butter market vorv firm; groat demand (or Christmas (ratio. It is estimated that the supplies will be short. Choicest New Zealand butter, ]2Us; Australian, U7s; Argentine, 117s; Danish, lSls; Siberian, 109b; witless, 2s less than above prices, The damaged butter from tlie s.s. Turakina is realising 112s. There is better demand (or cheese. "White manufacture. 60s; coloured, 61s. Hemp—Market quiet; small business doing. Quotations: Good fair grade, on tlio spot, £29; fair grade, on iho spot, £28; (air curreut Manila, ou the spot, £29 10s; Janu-ary-March shipments, good fair grade, £28; fair grade. £27; fair; current Manila, — .3»« grain and produce sales. Messrs Diilgety and Co. (Ltd.) report as follows:—'VVc held our usual weekly auction pule of grain and produce at out stores on .Monday, when wo submitted a representative catalogue to a poor attendance of buyers. Competition for all lines 011 offer was exremcly slack, with the result that the whole >f the catalogue had to be passed in for private .sale. Oats.—Tlie mark?', is stagnant, and all vV?motions are dittieult to quit even at nuirb reduced prices. There is 110 shipping business passing. Sales are confined to small liues (or local feed purposes. We quote: Prime milling, 3s 'Jd; good to Iwst feed, lis Id to 3s 2d; medium to gocd, Ds lid to S3 per bushel (sacks extra).

Wheat.—Millers have ceased operations meantime. To-day's quotations, 111 the absence of business, aro nominal, Fowl wheat meets with slow sale at reduced prices. We quote: Prime milling, os -Id to 5s sd; l>osi ■whole fowl wheat, Gs Id to 5s 3d; medium to good, Is 10(1 to 5s per bushel, ex stcre (-:acks extra).

Potatoes.—The market is Hill glutted with old sorts, the majority of which are i" very bad condition indeed. As new potatoes are now ollering freely, the demand for old sorts is restricted. We quote: Up-to-Datcs. from Od to Is per bag, according to condition. Chaff.—Tlie market U very quiet, heavier consignments aro to hand, and as there is now plenty of green feed available sales have been slower for some time past. Values show a further decline. We quote: Prime oaten sheaf, £5 10s to £5 12s Gd; medium to good, £5 to £5 ss. Straw. —Wo quote: Oaten, 50.-; wliertten, •12s Gd to 15s per ton, pressed.

"Messrs Donald Raid and C'o. J.td.) report: We held our weekly ani-lion sale of grain and produco at our stores on "Monday, 'fhere was a meagre attendance of buyers, and competition for lieurly all linos on offer was extremely slack, tlie bulk of the catalogue was passed in for private treaty. Values are a a under:—

Oats.—During the pa«t week there has been practically no demand for shipments, and as local requirements are at present 011 a very small scale little business can be reported. Wo quote: Primo milling. 3s 3d; best feed, Us Id to 3s 2d; medium to good, 2s lid to 3s per bushel (sacks extra).

Wlieat.—The market i« stagnant. No sales of milling quality have been effected of lafe, aud requirements in fowl-feeding sorts being very light it is difficult to deal with stocks on hand, and sales can only lw made at a reduction on late quotations. Wo quote: Prime milling, as Id to os 0*1; best whole fowl wheat, os to 5s 3d; medium to good, ■Is 10d to os; broken and damaged. Is Gd to 4s 3d busliel (?acki extra).

Potatoes—The market continues to be in a glutted condition, and as values at northern ports are little better than those ruling here shipment is -,it pressnt out of the question. Most of the linos in stores show signs of deteriorating in condition, ar.d although offered persistently at late quotations do Kt attract buyers- Under t'neao circumstances it i« nwws&ry to quit them at any price to avoid total loss, and on this acccunt any roogonablo effor is being accepted. During the week -wo sold Bevoral ]ota of fteshlypiebx! D«rtvonl3 at 253 to 30a, but to-day buyct3 do not care to exceed 00s pec tos.

while Up-10-Dalc<! in fair condition sr;- living fitely at Is i:ir bag, aLtl lower quality ot correspondingly smaller priecs. We strongly advise clients not to make further consignmeNts, m at present prices thev do not pav crpumes. Chaff.—Tlic market coniiiwcs to lyj fairly well supnlicd with good to prime oaten sheaf, untl as requirements at this reason of the year sue ligbl vote aro somewhat easier. The demand is almost entirely ronlincd lo prima briglii oaten sheaf, nwiium and discoloured lots being quite '"it of favour. We quote: Choice oaten sheaf. to £5 15s: prime, £5 10a h £a 12a Gd; modium to good, Co to £3 7s 6d; inferior ar.d discoloured, £1 to Ci 15s per tai (bags cxia'V Straw.—Moderate supplies hvxre com? forward. We quote: Oaten. fiO: 1 ; wheaton. 45s per (on, pressed.