COMMERCIAL.

Otago Daily Times, Issue 16071, 12 May 1914, Page 4

COMMERCIAL.

LONDON MARKETS. Pie«» Association —By Telegraph—Copyright. LONDON. May. 10. Wheat: The market is firm, but the advance is rather • checking business. The total quantity /jf wheat and flour afloat for the United Kingdom \ is 2,915,000 quarters, and for the Continent. 2,010,000 quarters. The Atlantic shipments are 348.01 X) quarters, and the Paciluj.3ooo quarters. Totals: Europe, 1,415,000 quarters; Australasia, 205,000 quarters. Cotton: Miiy and June shipment, 6.94|d. Hemp: Firmei;. High point fair. May and July, £24 10s to £24 15&. Rubber: Para, 2a lid; plantation, 2s 6£d; smoked, 2s 6£d. Copra: Slow. South Sea bags, April, May, and June, £25 10b. Hides A slightly better demand. Quotations are unchanged. Leather: A moderate demand. Basils in good demand for all qualities of New Zealand, at from £16 10s to £21.

Antimony. 2& 9d. j Fencing wire, 137s 6d, less 3 per cent.

' THE HIKH COMMISSIONER'S CABLEGRAM. (Per United Phess Association.) WELLINGTON, May 11. The High Commissioner cabled from London on tho 9th inst .(note, unless otherwise specified, tho quotations are the average market prices on spot):— Mutton.—There has been a better' tone in the market this week. There is a general confidence in the maintenance of the present prices. Canterbury, 4£d per lb for lightweight; North Island, 4&d for light-weight. A small number of very best quality liave sold at an advance of id in each case. Lamb.—Market firm, with improved demand. . Canterbury twos, 6id; heavyweight, s|d; other than Canterbury, 5 l-16d. Beef. —Better demand for beef. New ZealancLhinds, 4 7-16 d per lb; fores, 3 7-16 d per lb; chilled hinds, 5-d; fores, 3£d. Butter.—Market quiet. Danish, steady, Il2s to 114s per cwt; New Zealand, in fair demand, 106s to 107s; exceptionally fine, 108s; Australian, little doing, 100s to 104s; Argentine, unsalted, quiet, 104s to 108s; Siberian, steady, 965. to ~100s; Irish creameries, good inquiry, 104s to 108s. Cheese. —Market weaker, with more inquiry at lower prices. Canadian white, per ewt, 66s to 68s; coloured, 68s to 71s; New Zealand white, 60s to 61s 6d; finest coloured, 63s to 63s 6d; fine coloured, 62s to 62s 6d; Australian white, 595; coloured. 60s to 61s; finest English cheddar, new make, 60s to, 645; Scotch cheddar, new make, 55b to 575 l Hemp.—Market quiet, with a general feeling of uneasiness, and buyers are cautious. New Zealand good fair, per ton, £26; fair, £23; June to August shipments, good fair, £26 15s; fair, £23 10s; Manila, fair current;

£27 j June to August shipments, £27 10s. The output from Manila for the week wus 28,000 bales. Whoat.—Market firmer. Oata.-'Market continues dull. Wool.—Market very firm, and Americans operating freely.

DOMINION RUBBER COMPANY. ' Tlia. company has received advice that the April output of rubber was 57911b, and that the January yield of 49ri81b realised' £550. GRAIN AND PRODUCE SALES. Messrs Donald Reid and Co. repot t.: — We held our woekly salo of grain and produce on Monday, when values ruled as under:—Oats: Tho demand .for export is not, keen, and it is impossible to place ]ar rr o lines on tho basis of late sales, is "fair local demand, but this is readily supplied from lines in store. Prime nulling, Is lOd to Is lOAd; good to beet feed. Is 9d to Is lOd; inferior to medium, Is 6d to Is 8d per bushel, sacks extra. Wheat: There is no change in values to report. Prime lines are readily taken by millers at late values, while medium lots iind an outlet as fowl feed, for which there is good inquiry. Prime milling velvet, 4s Id to 4s 2d: Tuscan, etc., 4s to 4s Id; medium, 3s lOd to 3s ; ! lid; beet whole fowl wheat, 3s 8d to 3e lOd; medium, 3s 4d to 3s 7d; broken and damaged, 2s 6d to 3s 3d per bushel, sacks extra. Potatoes: Consignments have Keen coming forward more freely and there are now fair stocks on hand. Choice lots, well picked and free from disease, arc not too plentiful, , and meet with good demand at £5 5s to £5 10s; medium to good, £4 15s to £5; others, £4 to £4 10s per ton, bags included. Chaff: The market is more heavily supplied. Prime oaten sheaf is the only class in favour. This sells at £3 5s to £3 10s; choice black oat, to £3 12s 6d. Ixjwcr qualities are moro difficult to place at £2 15s to £3 per ton, twgs extra.

Messrs Dalgety ajnd Co. report as follows: —We held our weekly sale of grain and produco on Monday, when values ruled as under: —Oats: The market still remains quiet. Shippers are riot operating to any extent; good, heavy Gartons, Duns, aJid blacks, suitable for seed, are in request; medium, light and discoloured oats are difficult to quit. Prime milling Gartons, Is lOd to Is lOAd; good to best feed, Is 9d tfc Is lOd; medium to good, Is 7d to Is 9|d per bushel, sacks extra. Wheat: The quantity offering of late has been light. The market remains unaltered, and any lines in milling condition are readily placed at -quotations. Fowl wheat being scarce, medium milling wheat is being used to fill requirements. Prime milling velvet, to 4s 2d; red\wheate, to 4s Id; medium milling, 3s lid to 4s best whole fowl wheat, to 3s lid; broken and damaged fowl wheat,. 3s to 3s 6d per bushel, sacks extra. Potatoes: Consignments have, been coming forwatrd more freely, and there is still a good demand for any choice samples, which are saleable at quotations. Prime well-graded potatoes, to £5 £s; extra ,choice, to £5 10s; medium to good, £4 5s to £4 15s per ton. sacks in. Chaff: Heavy supplies of medium to good quality have been coming forward freely. The demand is restricted to prime quality, which is meeting with a a moderate demand at quotations. Mpdium and discoloured chaffl is out of request a.nd difficult to place. Choice black oaten sheaf, to £3 12s 6d; best white oaten sheaf, £3 5s to £3 10s*; medium to good, £2 15s to £3 2s 6d per ton, sacks extra. PROPERTY SALES. Messrs Park, Reynolds (Ltd.) submitted to auction at their rooms yesterday a property situated at 80 Manor place, comprising section 3 and part 14, block IV, Dunedin, containing an area of l rood 17.9 poles, with 66ft frontage to Manor place, together with 9-roomed residence. There was a large attendance of prospective buyers. Bidding started at £500, and at £750 the property was sold to Mr D. Marshall, as agent.

Messrs John Reid and Sons offered at auction, yesterday a freehold property in High street, comprising part section 59, block IV, Dunedin, containing 31.44 poles (more or less), together with house of eight rooms. 'There was brisk competition for the property, and it was finally secured by a well-known resident for £1850. Several sections at Anderson Bay' were also offered, but the bidding did not reach the reserve figures, and they were consequently passed in.