COMMERCIAL.

Otago Daily Times, Issue 14379, 24 November 1908, Page 4

COMMERCIAL.

.LONDON MARKETS. Press Asiociation-By • Telegraph-Copyright. _ ' ■ LONDON. November 22. i'rozen Meat.—Slieep • Canterbury Ikdit, 1 j 1 "« , » 1 !".- s if»'i heavy, 3|d;' Southland, 3|d; North I S !kd, 3id; brands, aid. Lamltf; Canterbury light, sid • m <*}>m $ 5-164; h*avy, Southland and North Island, 5Jd. Beef: Nominal"; fores, Sid; hinds, 3g-;l. River Plato sheep: Hfvy\3d; light, 3 7-16 d. Beef: Fores,, 3jd; hinds; 3id. ' Hemp • Slow of sale. Prices unchanged. Rabbite.—The market is stagnant owing to the high prices which holders are maintaining.., , ■ Hides: An irregular demand, but generally firmer. Queensland heavy o.v, 4Jd to 5Jd; light ox and cow, 4ijd. Leather: First Wellington dressing sides, lojd; basiU a halfpenny cheaper. Copra.: Firmer! Sotitn Sea, £17 10s. Antimony, £9 lfe, Copper: Spot, £63 Is 3d; three months, £63 18s 9d. '

Tin: Thcro were large' sales by prominent dealers during the week, but they met with a. ready demand pai-tiv on American account. Spot, £137 17s" 6d: Ihree months, £138 15s. The quantity of wheat and flour afloat for the United Kingdom is 2,185,000 quarters, and for the Continent 1,645,000 quarters. The Atlantic shipments were 500,000 quarters, and the Pacific 60,000 quarters.

THE HIGH COMMISSIONER'S CABLEGRAM. (Per Uxited Priss Assocutiok.) . WELLINGTON, November 23. The High Commissioner cabled from London on .November 21:—. ■Mutton.—The market is depressed, and mutton is dull of sale, All qualities of the trado al-e very disappointing, there being only a very hand-to-mouth demand. Current quotations: flntch mutton, 4d; River Plate (which is in large supply), 31d; Canterbury, 3»d; North Island, 3*j'd. Lamb.-The market is very dull, and tho demand has fallen off considerably. Stocks of Now Zealand on hand are light, and firmly held in a few hands. Canterbury lamb, 5Jd: other than Canterbury, sd. Beef.—The market has collapsed. Supplies of. River Plate chilled beef aro heavy, awl arc selling at lower prices than frozen. New Zealand hindquarters, forequarters, 3W, Rutter.—The market is temporarily depressed. Largo buyers have withdrawn from the market, and prices have declined. Ihe supply exceeds the demand. Current quotations! Choicest New Zealand, life; Australian, 114s; Danish, 124ji; Siberian, 120.1; Argentine, 114s. .' Choose.-Tho market is quiet, but firm, Canadian being quoted at 61s per cwl. .Hemp. -The market is quiet, with a tendency ill favour of buyers. Last ■ week's Manila output, amounted to'-18,000 lsiles. Cocksfoot Ssed.—The market is dull. Hops,—Tho market is firm, with an upward tendency. There is,a much better deihand for Iwst quality.

GRAIN AND PRODUCE SALES.

Messrs Dalgety and Co. report as follows:—We held our wdekly auction sale of grain and produce at our stores on Monday, when we submitted a full catalogue to an average of buyers. Competition for most of the liites on offer was fairiy brisk, ami a fair clearance resulted at prices about on a par with lato rates, Values ruled as under: —

_ Oats,—The market is depressed, with no improvement to roport as to the demand existing. Business has been found impossible at lute quotations,/and values in consoquence show « decline. Quotations: Prime milling, Is 7|d; good io best feed. Is 6d lo Is 7d; inferior to-medium, h 3d to Is s£d per bushel-- (sacks extra). Wh?at.—The market is firm at quotalions. Business, howevsr. i s restricted through lightness of offering. Millers aw keen 'operators- in choice lines of velvet or Tuscan. Medium lines are readily disposed' of a.l fowl wheat. Quotations: Prime milling, 4s 5d to 4* 6d; medium milling and fowl wheat, 4s 4d to. 4s sd; broken and damaged, 3s '3d to 4s per bushel (sacks extra). Potatoo3.-The market, owing to lightness of arrivals, shows an advance of about 10s pjr ton for prime table Up-to-dates. ■There is, however, no improvement to rePort for sprouted lines and otherwise out--01-coiKlition lots, which aro difficult to dispose of oven at low prices. QuotationsPrime Updo-Dales, £4 7s 6d to £4 15s; medium, £4 to £4 ss; inferior, £1 per ton upwards (hags in). Chaff.—Arrivals lo hand are heavier than they have l>cen for some time past, and in consequence of this and in the absence of a shipping inquiry, late quotations are barely maintained. The demand is almost entirely confined to prime oaten sheaf, inferior lines being 'neglected. QuotationsExtra choice, £3 7s 6d: prime oaten sheaf, £3 2s 6J to £3 ss; medium, £2 15s to £3; light and. inferior and healed, £2 10s per ton upwai-ds (bags in).

Messrs Donald Roid and Co. repovi.:—We held our weekly auction sale of grain awl produce at our stores on Monday. Our catalogue- comprised a fair selection" of produoe suitable for local requirements, most of whioli found buyers at prices on a par with Jate quotations. Values ruled as under:— _' Oats.—At the reduced prices ruling there is good inquiry for,prime ftartons. local stocks of these ate, however, practically exhausted, and the few- holders are not disposed to accept current values. Other classes of oils have only spasmodic inquiry from shippers, who buy simply to fill actual onto. Prime milling sorts are worth Is W; good to best feed, Is 6d to Is 7d; inferior to. medium, U 3<l to l s 5d per bushel {sacks cxtevl.

Wheat.—Slocks of milling wheat aro now in very small compass, and any Jots offering are readily taken, by millers. Fowl wheat is scarce, and nearly all orders aro being supplied withmedium milling quality. Seconds and broken wheat is in fair supply, hut is not greatly in favour with buyers. Quotations: Prime milling, 4s s<l to 4<s 6d; medium do and best '"whole fowl wheat. 4s 4d to 4s sd; inferior to medium fowl wheat, 3s KM lo 4s 3d'; seconds, etc., 2s 9d to ia fed )>er bushel (sacks extra). Potatoes.—Tho market, has been poorly supplied with good sound quislity, and all such coming forward has met vvitli ready sale at on advanco on late values. Ail offered at our sale had 'strong'competition, and sold at. full rates.. Inferior, and offconditioned lots are difficult io place Quotations: Best table potatoes, £4 ICs to £1 15s: medium to good, £3 15s lo £4 '7s Gd; inferior and stale, £2 to £3 5s per ton (bags included). Chaff.—Heavier -supplies nr« now coming' forward, and as requirements at this season are not heavy, sales are not effected so readily. For prime quality we l had faiicompetition up to quotations. • Ono Jot of choice oaten sheaf realised £3 Ss, hut most lots of prime quality- failed to sell beyond £3 2s Gd to £3 ss. 'Inferior to medium sorts have little demand at £2 Ss to £2 15s per ton ib'ags extra!." Straw.—Oaten and wheaten straw is now saleable on about the' same level—viz., 35s to 40s per lon (press«|.