COMMERCIAL.

Otago Daily Times, Issue 16506, 5 October 1915, Page 4

COMMERCIAL.

LONDON WOOL SALES.

GRArN AND KIODUCE SALES

Th« New Zealand Loan and Mercantile Agency Company has received the following cablegram . from its London offico: — "Sales closed better tone. As compared with July, inferior merino, scoured, fino crossbred, 7i per cent, to 10 per cent.; scoured medium, coarse, 10 per cent, to 15 per cent.; crossbred greasy and lambs, 10 per cent; scoured merino, medium, 5 per cent, to 7£ per cent, lower."

The National Mortgage and Agency Company of New Zealand is in receipt of the following cablegram from its London office:—"Wool sales: Greasy cross closed steady, merinos unchanged; slipe 15 per cent., scoured cross 12£ per cent, below July."

Messrs Donald Reid and Co. report: We held our weekly sale of grain and produce on.Monday, when values ruled as under:— Oats: The' market is quiet, and late quotations unchanged. The demand is chiefly for A and B grade Gartons for coastal shipment. Other sorts are moving off slowly at lato rates. Prime milling, 3s 2d to 3s 3d; good to best feed, 3s to 33 Id; inferior to medium, 2a 9<i to 2s lid per bushel (sacks extra). Wheat: No improvement either in demand or prices can bo reported. Millers are not operating except' in small lots of choice wheat for mixing. .Fowl wheat is offering more freely than the demand can absorb, and values are a shade easier. Best whole_ wheat, 4 s 3d to 4s 6d, and in small quantities •4s 2d per bushel (sacks extra). Potatoes: Most of the consignments in store now requiro repacking to render them marketable. Sound freshly-picked '.lots, in good sacks, meet with improved demand, and are saleable at £6 10s to £7; medium to good, £5 to £6 5s per ton. (sacks included), v. Chaff: Consignments have slackened considerably, and local stocks m stores, are mostly'of medium quality. In the absenceof prime chaff, these have had more attention from buyers at rather better prices: Primo oaten sheaf is in request, and sure of ready sale on ■ arrival. Best oaten sheaf, £5 10s to £6; medium to good, £4 15s to £5 ss; light and discoloured, £4 to £4 10s; straw chaff, £2 to £2 10s per ton (bags extra). • '

Messrs Dalgety and Co; report having held an auction of grain, and produce on Monday, when values ruled! as under:-— Oats: The market still remains in a depressed state. Outside of the Government's requirements very few sales have been made since our last report. Owing to the continued dry spell in North ' Otago, a few lines have been (joing through for feed purposes on the basis of present quotations.' Snippers are only operating for actual orderson hand, and for local requirements there is only a moderate demand. Prime -milline; Gartons, 3s Pd to 3s 3d; feed lines, 3s to 3s Id per bushel (sacks extra). Wheat: The market is very quite indeed. Millers are not operating to any extent; and the market shows'a, further' weakening. Fowl wheat, ■which is offering freely, ia meeting with a moderate demand at a' reduction on late values. , Best whole fowl wheat, 4s 3d to 4s_ 6d per bushel (sacks extra). Potatoes: Consignments have eased off considerably of late, with the result that nrices have hardened, during the last few "days. The demand is confined to choice, freshly-picked lines, -which- are meeting with a'more ready sale at increased Values. Lines out of. condition and requiring picking have received more attention in consequence of lighter arrivals. Choice, freshly-picked lines, £6 10a to £7; others, £5 to £6 per ton (sacks in). Chaff: Of late consignments have eased off, and any lines of good quality are meeting with an improved demand. There has also been more inquiry for medium quality lines in store, and stocks on hand are now lighter. For consignments of good quality increased values are obtainable. Straw chaff: There has also been more inquiry for • this of late, and a fair quantuVis now finding an outlet. Best oaten sheaf, £5 10s to £6; medium to good, £5 "to £5 ss; damaged l and inferior, £3 to £4 per ton (sacks extra). . i