COMMERCIAL.

Otago Daily Times, Issue 15822, 22 July 1913, Page 4

COMMERCIAL.

THE CHEESE MARKET. BUYERS ACTIVE. Mr J. R. Scott, secretary of the South Island Dair.y Association, reports that soveral factories have eold their outputs for tho coming season at 6d a.nd 6Jd per lb on truck, and that buyers are active this season much earlier than usual.

LONDON MARKETS.

Preu Association—By Telegraph—Copyright.

LONDON, July 20. Copra: Tho market is very active, and there fe a considerable amount of buying to cover bear sales. South Sea (small supply), bags, £29 12s 6d. Tin plates, 13s 4i,d to 14s 4Jd. Fencing wire, £7 10s. Antimony, £8 10s. Jute: Quiet. First marks, August, £26 10s. Hemp: Quiet. Now Zealand, high point, July and SepWibor, £26 ss. Rubber, 3s 9Jd. Cotton: July, 6.44Jd. AYheat: The market is steadier. An Australian cargo sold at 36s 6d. The quantity afloat 'for the United Kingdom is 3,050,000 quarters, and for tho Continent 1,690,000 quarters. The Atlantic shipments are 325,000 quarters, and the Pacific nil. Totals: Europe, 1,025,000 quarters; Australia, 55,000 quarters.

HIGH COMMISSIONER'S CABLEGRAM.

(Peb United PnEss Association.) WELLINGTON, July 21. . The following cablegram lias been received from the New Zealand High Comm'ssioner, dated London, July 19 (quotations, unlets otherwise specified, are tlio av«raj*c market prices on spot): — iitilton. —Market a shade weaker. Prices declined £d for light-weight Canterbury and 1-16 d for all grades North Island. Canterbury, 4 5-16 d; do light-weight, 4?d; North Island. 4 3-16 d. Lamb.—Market •weak; prices declined. Canterbury twos, 5 11-lGd; heavy-weight, unchanged at 4ijd; other than Canterbury, 5H / . Beef.—Market firm; no change in prices. Chilled-Hinds 4-Jd, fores 3Jd. Butter. —Market dull and demand plow; no ohango in prices. , Cheese.—Market, quiet for New Zealand, and trade slow for Canadian. New Zealand, white, 60s 6d: do coloured, 65s 6d; Canadian, finest, white and coloured, 64e 6d. Hemp.—Market quiet, but steady; increasing demand for better grades of Manila, and for that market prices are firmer. Now Zealand, good fair grade. £29 (nominal); fair, £24 15s; fair current Manila, £29 10.;. Forward shipment—New Zealand, good fair. £29 Ito; fair, £25. Fair'current Manila, £29 10s. Output from Manila for week, 19,000 bales. Wheat. — Market quiet, quotations nominal. New Zealand long-berried, 'x granary, per quarter of 4961b, 39s to 39s 6d. ,Thc value to-day of new crop for shipment is 35s to 35s 6d per quarter of 480il>, c.i.f. Peas— Market with poor demand on aoconntr of fc'gh prices.

Oatls. —Market quiet but firm. New Zealand oats (Danish), ex granary, per quarter of 3201b, 21s 6d. The value" to-day of A Gartons (new crop) is 235. Beans.—Market dull, and beans selling very slowly. New Zealand beans, f.a.q. (old crop), "per 5041b, 38s 3d.

Cocksfoot.—Market closed firmer, with, more inquiry. Now* Zealand cocksfoot seed, weighing 171b nor bushel, offered at 48s 6d c.i.f. for shipment. Danish, 445—90 per cent, purity, growth guaranteed.

GRAIN AND PRODUCE SALES. Messrs Donald Roid and .Co. report:— We held our weekly auction sale ol grain and produce on Monday. oat 6: There ia practically no change to report. Prime Cartons and sparrowbills are in fair deniand for export, but most of the lines in 6tores are firmly held at prices rather above buyers' limits. Medium and inferior lines are moving off for local use. Prime milling, 2s 2jd to'2s 3d; good to best feed, 2s Id to 2s 2d; inferior to medium, Is 9d to 2s per bushel, sacks extra. Wheat: Local millers, although not buying keenly, are ready buyers of prime velvet ear. Tuscan has also had moro attention at quotations during tho past week. Fowl wheat is fairly plentiful, and only best quality is readily placed. Prime milling- velvet, 4s to Is 2d; velvet ear, 3s 8d to 3s lOd; Tuscan, 3s 7d to 3s 8d; medium, 3s 6d to 3s 7d. Best whole fowl wheat, 3a 4d to 3s sd; medium, 3s Id to 3s 3d; broken and damaged, Zs 6d to 3s per bushel (sacta extra). Potatoes: The market continues to bo fully supplied, and in the absence of any export demand, prices have declined to some extent. Beet table potatoes, £3 10s to £3 15s; choice, to £4; medium, £3 to £3 5s per ton (sacks i\icluded). Chaff: Consignments are not coming forward so freely, but stocks in store are fairly heavy. Prime oaten sheaf is in most favour and sells at £4 to £4 2s 6d. Choice black oat, to £4 ss. Medium to good, with moderate demand, £3 10s to £3 15s. Light and discoloured is difficult to quit at £3 to £3 7s 6d per ton (bags extra).

Messrs Dalgety and Co. report as follows: —Wo held our weekly sale of grain and produce on Monday. Oats: Consignments of late have been light, and holders arc firm. In consequence very few lines aro changing hands. There ia good inquiry for good bright heavy Cartons,- suitable for milling purposes at quotations. Unsound and discoloured oats aro very difficult to quit. Prime milling Gartons, 2s 3d; good to' best feed, 2s l£d to 2s 2d; medium, 2s to 2s Id; inferior and damaged, from Is 9d per bushel (sacks extra). Wheat: The market remains quiet and values are unchanged. Very few samples are coming under offer, and millers are not operating extensively. Any lines of velvet ear, red chaff, and velvet suitable for milling purposes are saleable at quotations. Tuscan is neglected. Fowl wheat is in good demand, and saleable at quotations. Prime milling velvet, to 4s 2d; velvet ear and red chaff, 3s 8d to 3s 10d; Tuscan, 3s 6d to 3s 7d. Best whole fowl wheat, 3s 'Id to 3s sd; medium to good, 3s to 3s 3d per bushel' (6acks extra). Potatoes: Consignments have been coming to hand freely. In mai,y cases the tubers arc badly graded or show signs of frost, and in consequence require to be disposed of promptly. There is very little shipping demand, tho bulk of the potatoes coming forward are going into local consumption, and buyers are showing a preference for i choice well-graded samples, which are selling as follows:—(Medium and out-of-conditioned lines are more difficult to ouit, and lower values have to accepted.) Olioico well-graded Samples, in new sacks, to £4; 'good tables, £3 10s to £3 15s; others, from £3 per ton (sacks in). Chaff i- Supplies have fallen off considerably during the past week. There are, however, heavy stocks still in store, and as a Result there is little change in values to report. Prime oaten sheaf is in most request. Medium, discoloured, and light chaff are not meeting with the same inquiry. Choice black oaten sheaf, to £4 ss; prime white oaten sheaf, £4 to £4 2s 6d; medium to good,. £3 12s 6d to £3 17s 6d; light and discoloured, from £3 per ton (sack extra).

RABBITSKIN SALES.

The Duncdin Woolbrokers' Association (Messrs Dalgety and C0.,.A. Moritzson and Co., National Mortgage and Agency Company, New Zealand Loan and Mercantile Agency Company, Otago Farmers' Co-opera-tive Association, Donald Reid and Co.', Stronach, Morris, and Co., and Wright, Stephenson, and Co.), report as follows: — The weekly sales wero held yesterday, when there was a very large attendance of buyers. Fair-sized catalogues were offered, and competition was very keen for all lots. Prices ruling last week for secondary winter does and bucks were lower than at the previous sale, but values this week were much better, and all classes of skins may be quoted as very firm at prices ruling a fortnight ago. Extra prime winter does' realised up to 41id. and best winter blacks (silver greys) to 49d. The following are actual prices paid to-day:'—Extra prime winter does, to 41|d; primo winter does, 38d to 40jd; spotted does, 35d to 38d; prime winter bucks, 26d to 28Jd; spotted bucks, 22d to 25d; secondarywinter docs. 25d to 28d; secondary winter bucks, 19d to 21jd; incoming winters, 19£ d to 21|d; best autumns, to 18Jd; early autumns, 16d to springs, to 14£ d; best summers, 12d to 13£ d; best silver grey 6, to 49d; best winter blacks, to 42id; autumn blacks, 20d to 24d; fawn, to 24d; hares, to 24d; runners, to 9d; cats, to 12d; best winter broken, to 18id; autumn broken. 12d to 16d; best opossvjms, to 9s 6d; medium, 5s to 8s rjd; inferior and small, 3s to 4s 6d; horsehair, 17d to 18Jd.