COMMERCIAL.

Otago Daily Times, Issue 14283, 4 August 1908, Page 4

COMMERCIAL.

LONDON MARKETS. •Press Assbeiation a -By Telegrsph-Copyright LONDON, August 2. Tho Frozen Meat Trade Association's B'mithfiekl market quotations for the Undermentioned classes of meats are based on actual sales of not less than 100 carcases of mutton or lamb, or 25 carcases of beef of fair average quality. The quotations arc hot for srlMed lines, but for parcels fairly representative of' the bujk of the shipments now on the market:—New Zealand sheep: Crossbred 'wethers and maiden ewes, North Island. 55-651b, 3id; best brands, 3jjd: the rest are unchanged. Now Zealand lambs: Canterbury light, 28-361b, sid; medium. s|d; heavy, 36-421b, sJ<l. New Zealand beef: Ox fores, 1802201b, 2 15-16 d; ox hinds, 180-22011), 3&1. Hemp: Slow. October and December, £25 10s. Rahbits: Firm. Large Melbourne are retailing at 15s to 1S» 6d. Tlio new season 6 arrivals are excellent. Hides: Neglected, and withdrawn. Thcro is bolter business for leather at later rates. Copra t Quiet. A fe\v Sales of Soilth Sea in baga ttt .£17,, Tallow: Tho stocks are 12)032 packages) or 4208 tons. Tho gross imports were 5502 packages, and deliveries 8122. Copper: Spot, £59 17s 6d; three months. £60.126 (xl; olccrrafltie, £00 15s. Tin: Spot, £133 10s; three months, £139 15s. ■Lead, £13 7s L-i Wheat:.Tho total quantity of wheat and flour for tho United Kingdom is 1,815,000 quarters, (ind for the Continent 1,090,000 quarters.' The Atlantic shipments were 254,000 quarters. THE HIGH COMMISSIONER'S OABLEtfHAM. (Per United Press Association.) WELLINGTON, August 3. The following cablegram has been reecivod from tlie HigVCofrilfiisoloncr, dated London, August 1: — Muitoh-Tho market is dull; and trade very disappointing, there being only a very hand-to-tuouth demand. Tii-a supply exceeds the demand. Quotations: Cantor' l bury mutton,, 4d; North Islatid, River Plate, Lambs: The market i 5 a shade woAkcr,. but there is a good demand for prime quality lamb. Stoeks on hand are heavy, aud aro lieihg widaly distributed amongst agents, who are pushing sales. Canterbury brands, 5 0 -d for heavy weights'; other than Canterbury, sjd. BeeL—The market is quiet, aud stocks of Now Zealand brands on. hand aro' light. The Weather lately lias been unfavourable to tilts Bate of beef. Quotations: itiiidquar- I ters, 4*l j totequarters, 2|tL m'afltet is quiot, but firin. Supplies are irioreasmg, but there is good demand, and no-stock is actfumukfiiig. The prospects for next season arc encouraging. Choicest Now Zealand butter is quoted at life; Danish, 1225; Siberian, 108s; and Canadian, life per eivt. Cheese.—Tho market is quiet, but steady. Quotations; Coloured makes, 595; white, 62s por ewt. Hcmp.-The market is dull. Very littlo business is doing] and l there is-noiohanso in ■prices-to-report:

Cooksfoot Seed.—Market misottlcd and speculative. American crop; are hoing offered, and it is anticipated that' the crop will fall short of the estimate. Nominal quotations: American; 80s; New Zealand, 85s for bright, clean 171b seed. Tho hop market is dull, owing to tbo English crop promising well. Tho following shipments arrived from River Plato during July:—London: Mutton, 187,911; lamb,. 27,815. Liverpool: Mutton, 125,869; lamb, 4478. Hull: Mut. ton, 12,344; lamb, 1250. Newcastle: Mutton. 14,001; lamb 1455. Cardiff: Mutton. 21,667; lamb, 391. Plymouth: Mutton, 820; lamb, nil. *> .... . GRAIN AND PRODUCE REPORTS. Messrs Dalcety and Co. (Limited) icpo'rt as follows:—We held our usual sale of gfftin and. produce at our stores on Monday, when 1 we submitted an average cataloguo to' a good Attendance of buyers.- Competition throughout was fairly brisk, and 1 a good number of our offerings were cleared ai auction at vahtatjons. Values ruled as' under:— . . Oats.—There are no fresh features to report. A few holders continue to foreo their lines upon the market, and as merchants earn- fair stocks and are not -prepared to purchase unless at a considerable reduction, values-ore slightly easier than at bur last report. We quote: Seed lines, 2s Gd to 2s 9d; prime milling, 2s-2d to 2s 2Jd; good to bast feed, 2s Id to 2s ljd; inferior to nredium. Is lid to 2s per bushel (sacks extra). Wheat.—Business is quiet in this market, millers declining to operate at the advances lately asked' hy holders. Fowl wheat has moderate inquiry. We quote: ■ Prime milling, 4s 3d to 4s 4>.H ; medium to good. 4s 2d to 4s 2Jd; fowl'whoat. 4s to 4s %1; broken and damaged, 3s 4d to 3s U per bushel (Sacks extra). Potatoes.—The market is easier. Arrivals are fairly' heavy, _ and as shippers 'are not over-keen operators in any but choice lines, values for medium to inferior sorts show. a marked decline. Choice-linos'in Up-to-Dafes, realise to £4 2s Gd, whilst prime, Derwents hring to £i 7s 6d. These figures also indicate a considerable drop on late quotations. We quote: Prime Dcrwenu. £4 2s Gd to' £4 7s Cd; medium to good, £3 17s Gd to £i; prime Up-to-Dates, £4 to £i 2s 6d; medium to good. £3 15s to £3 17s-Gd; small and inferior, £3 2s Gd and upwards per ton (bags Cliaff.—The market is over-supplied. The recent rejections on account of quality and on account of noxious weeds have had the effect of making shippers ohaijr'to operate. Wo quote: Prime oaten sheaf, £4 to £4 2s 6d; extra choice, to £4 ss; nredium fo gocd. £3 15s to £3 17s 6d; inferior and ; lig!it, £3 to £3 10s per ton (bags extra). Turnips.—We quote: Best swedes, 21s to 22s per ton (loose, ex truck). Messrs Donald Reid and Ce. report:-We held our weekly sale q'f grain and produce it our stores, Vogel street, on Mondav. Our catalogue was made up of the usual lines of grain and: produce in demand locally, but although there was a large gathering of buyers, bidding, was ' not keen, and only aj portion of the cataloguo was quitted- at auction, the balance being passed- in for private sale. Values ruled as under:—. ■ Oats.—During tho past week there has bsen fair demand for,A and B grade Spairowbills and A grado Gartens for export. Buyers are not disposed to make heavy purchases, but as holders «re hot generally disposed to accept current' rates offerings are not large, and nearly all oats coming into the above grades,sure saleable at quotations. Lower grades and- "special classes of oafs, such as feed, Danish, black oats, etc., have littlo inquiry. Seed lines—clean, plump, and bright—are in fair demand, We quote: Choice reed lots. 2s Gd to 2s lfld; good do, 2s 3d to 2s 6d; primo milling; 2s 2d to 2s 2Jd; good to best feed, 2a Id to 2» ljd; inferior, Is lOd to 2s per bushel (sacks extra). Wheat—Local stocks are light, and are chiefly medium' quality, for which there is not much demand. Even prime quality has not received the same oltcirion from millers of loie, and- no business of a-ny inrportanco' can bo, reported. Fowl wheat' continues to movo off slowly at late values. .We quote: Seed' lines, 4s Gd to 4s 10d; prime milling, 4s 3{d ; to 4s 4Jd; medium to good, 4s-3d to 4s 3d; whole fowl -wheat, 4s to 4s Id; broken and damaged-, 8s te 3s 9d per bushel .(sacks extra). Potatoes.—Shippers are not operating freely, as northern markets do not at -pte-< sont readily respond to their quotations. It is therefore impossible to effect sales on tho basis of late values. In all cases buyers are very particular as to quality and condition, and decline to ship any doubtful lines. We quote: Best Derwents, £-1 to £4 10s j best Up-to-Dates, £i to £-4 2s Gd-, choice, to £1 ss; medium te good, £3- 6s to £3 iss; inferior, £2 10s 'to £2 15s per ten (bags included). Chaff.—Tho market has been well suppliedWith all sorts. Only prime quality has reocy sale, and even (or this the inquiry is not quite so strong. Lower qualities are difficult to deal with, but straw chaff is scarce, and has ready sak. Oaten particularly'. being wanted. We quote: Prime oaten sheaf, £4 2s to £4 Bsj medium to good;, £3 10s ,to £4; light inferior. £3 to £3 ss; oaten straw ' chaff, £2 10s to £2 17s Gd 1 ; wheaten, £2 5s to £2 10s ( per ton (bags extra). Turnips.—We quote: Beat swedes, 20s to 22s per ton (loose, ex track). ♦—! a— PROPERTY SALE. Messrs E. L. Macassey and Co. report having sold, on behalf of the executors of ' the late Mr F. Paterson, the ioase, furniture stock, and effects of the Lake Hotel. Waiholaj, as a going concern, to Mr Edward Mllewen, of Dunedin. Mt IPKewen took 1 possession last week.