COMMERCIAL.

Otago Daily Times, Issue 16480, 4 September 1915, Page 6

COMMERCIAL.

s . Daily Times Office, Friday evening, fc; • - Latest London cablegrams state tnat the f ;wheat market is'inactive, with prices tendvr- iiig against sellers. '4 - , •ri.ltaough Canadian export figures are now. subject to censorship, it is apparent f that botn countries are beginning to ship more treely. Franco is certamy obtaining ■ iairly considerable quantities of Russian ■wheat, via Archangel, in execution of the agreement made between tho respective Goyernments several months ago. There id nothing fresh to report aa regards tho market, which continues m a stagnant condition. A sale of a line of velvet is reported at 6s, on trucks, Canterbury. ' "Viewing the position all round, however, it may be said that there are no buyers and no sellerß. The demand for flour is on the slow side. Stocks of American flour which have been brought to Wellington are being sold at as low as £13 10s a ton, the condition of the flout not being too sound. The effect of this reduction ie being' felt on .! tho prices <. f New Zealand-milled flour. The tariff of the New Zealand Flour and Produce Agency Comipany is as follows:— Saoks, £15 IDs; 1001b bags, £16; SOllb bags, £16. ss; 251b bags, £16 10s. Pollard, £1 10s.> Bran, £6 10s. Oatmeal is quoted at £23 a ton for 25's. Pearl barley, £22 10a, The oats market continues very quiet. During the week the Government decided . partially to remove the embargo on the export of oats from the dominion, but the action has had practically no effect on the market. It is understood that some of the local, merchants quoted oats to Australia, subjest to being allowed to ship, but that no response was received from the other side. ' There is very little inquiry from'the North Island. . A Gortons are quoted, nominally, to 4b for special lots, f.o.b.s£; B's, Id per boßbel lesa. PRODUCE REPORT.

Supplies of oaten-sheaf chaff are fairly heavy, and prices are slightly easier. Sound lines meet with a good demand, but the inquiry for. medium and poor lines—which are plentiful—is not keen, and low prices have to bo acceptedfor such' parpela. The straw chaff market » now in a precarious condition. ; Prices for potatoes shorn a decline in the week. Suppbos from the country are irregular, and the major portion of the lines is in poor oondition; in a number of cases beng badly sprouted.- To-day's cablegram from Sydney givee the prices for New Zealand tutocrs as from £9 to £9 10s a ton. The ' quotation last week was £9. It is generally agreed amongst local merchants that the future'of the market chiefly depends on the demand from the other eide. Both oaten and wheaten straw show a sharp decline in-raiuaa,

The egg market has hardened undor the stimulus of a better demand. Bacon aides are a littio easier. Ourrunt wholesale prices axe as follow: — Chaff.—Prime oaten sheaf, up to £6 10s to £6 15s; medium to good, £5 10s to £6 :10s (sacks extra).. Potatoes.—Prime, £6 to £6 ss; medium to good, £4 10s to £6. Hay, £6 10s. Straw—Oaten, £3 10b; wheaten, £2 15s. Eggs.—Fresh, Is Id; preserved, lid. Butter.—Dairy, Is 3d per lb; milled, to Is 4d per lb; separator, in lib packets, to la 3£d. Pigs.—Baconers, 6,Jd per lb; porkers, 6A _ Bacon.—Rolls (in quantities), lOd to 10£ di; sides, 9id to 10U; hams, 9£d to lOd per lb; boneless hams, per lb. FRUIT REPORT. Agents; report a fairly brisk week. Consignments _at apples and pears have arrived from- Christchuroh cool etoree, , aad have realised payable prices. About 700 oases of oranges came to hand from Rurotonga. The Island season is apparently now coming to a close, as there was a considerable quantity of second-crop fruit in the cargo. The Warrim'oo brought 300 cases of oranges, mandarins, pines, and passions from Sydney. A quantity of the-mandarins were small, and in indifferent order. The pines and passions arrived in satisfactory condition, and sold at fair rates. A line of late Valencia, oranges has arrived from California. These are realising up to 23a a case, bat it cannot be said that the prices being secured are very remunerative from an agent's point of view. Practically the last shipment of Poorman oranges has now come to hand. . The following- are the ourrent wholesalo prices:—

Apples.—Dessert are in good demand (short supply); Stunners, 2|d to 3£d; good to medium, 2id to cookers—Lord Wolseleys, 9s per bushel; Greenings, choice, 2id per lb. Consignments are promptly sold.

Lemons.—Adelaides and Mfltktras, 14s; Auckland, 10s to lis. Bananas.—Ripe, 15s 6d to 16s 6d. Oranges.—Rarotongan, 13s 6d; Poorman, 9s to 10s 6d; Sevilles, 14sl 1 Mandarins.—Choioe, to 12s 6d; medium, 8s to 9s.

Passions, 6s to 7s 6d; choice, to lis. Pineapples.—-Green and poorly-colour/ed, hard to sell, 4s 6d to 6s 6d; choice, 11/ to 12s.

Vegetables.—'Cafcbage—Good, to 2s per dozen; choice, to 4s; sacks, 6s to 4s. Caiulifloiyerß: More plentiful, Is 6d to 3s 6d pei? dozen; sacks, to ss. Table carrots, 4d to, 6d P«- dozen , bunches;' 3r to 4s per cental. Brussels sprouts, Is to Is 6d per box. Colery, 3d to 6d per bundle. Spinach, Is per dozen. Parsnips, 2b to 3s per cental bag; 4d to •8d per dozen. Leeks,, lid to 2id per bunch. Rhuibarb, 3s to 3s 6d per dozen bunches.'

MELBOURNE MARKETS. Pt»M A»«oci»tion—By Telegraph— Copyright. MELBOURNE, September 3. Wheat, 8s Id. Flour, £17. Oate: Algerians and Chilis, 3s 9d to 4s; Japanese, 2s to 2s lOd. Maize, 4s 6cL Bran, £5. f 2 i S ' Potatoes," £8 to £8 10b. Onions, abo lus, CHRISTCHURCH MARKETS. (%Ka Unitkd Pbebs Association.) mu * OKRISTCHURCH, September 3. J. here is still no change to report in the local grain market, everything being at a standstill., There are no inquiries, for wheat, and there is little offering. Oats, even if they were required, are unprocurable, and oatsheaf chaff is dull of sale. Potatoes are easier, owing to a limited demand._ The best price is now £5, at country stations, and somo buyers are offerinc only £4 10s to £4 ISs. 1 b WELLINGTON WOOL sat.T?. (P*» Umitkd Pmras Associatioh.) ■ WELLINGTON, September 3. At to-day s station producc sales the last wool sale' of the season attracted a small catalogue, mostly of crutchings. There was a fall of a good halfpenny to three farthings per lb on all lots, and anything carrying seed was unsaleable. Prices 'were as follow:—Crossbred, lljd to 13gd; best crutchings, ll£d to 12£ d; me<£um, to 12jd; medium crutchings, 9d' to lid; inferior, 7id to Bid; lambs, lid to Hid; dead; lid to ,

PROPERTY SALE.

Messrs D. M. Speddingand Co. held an auction sale of freehold properties at Dunottar, Waikouaiti,. and Opoho at their rooms yesterday afternoon. Section 32, at Dunottar, containing 34 poles, -with a frontage of 65ft to Lynwood aveniae by a depth of 144 ft, was purchased by Mr W. J. Guthrie, as agent, for £115. Nine sections at Waikouaiti, containing acres, adjoining the racecourse, were bought by Mr William Scott, of Waikouaiti, for £125. A half-acre section at Opoho, at the corner of Warden street and Black's road, with a four-roomed cottage thereon, was not sold at auction.