COMMERCIAL

Otago Daily Times, Issue 17218, 22 January 1918, Page 4

COMMERCIAL

COMMERCIAL CABLEGRAMS. press Association —By Telegraph—Copyright Australian and N.Z. .Cable Association.

LONDON, January 20. Rubber: Para, 2s 7Jd; plantation, 2s 4id; smoked, 2s 4d. Hemp: Market quiet. Frozen Meat: Unchanged.

HIGH COMMISSIONER'S REPORT. (Peh United Pbess Association.) WELLINGTON, January_ 21. The following is the High Commissioner's market report, under date January 19. (Note: The quotations, unless otherwise specified, are tne average market prices on spot):— Meat, —All descriptions of meat are in smaller supply. The demand is greater than tho supply at the maximum prices lixed by the grader and tho Food Controller. Tho maximum prices for. homekilled mutton end English lambs have been raised to 13id. With reference to my telegram of December 29 regarding :m----ported effal, tho maximum prices for same •will be in force after next week. Butter—There is a veivy limited supply. The Government has not distributed any further supphes.

Chee-e.—There is active demand at .full prices on account of the difficulty of obtaining supplies. Hemp.—The Manila and New Zealand hemp markets are quiet and steady at tho maximum prices. The Manila output during the two weeks ended January 12 was 39,000 bales. Wheat. —Tho market is quiet, and small business is doing. Tho official quotations are: Number 20, Northern Manitoba, and No. 2, hard winter, 765; Australian, 79s 6d.

Oats.—Tho market is steady, and fair business is doing. No. 2 white dipped American, 59s 3d.

GRAIN AND PRODUCE REPORTS.

Messrs Dalgety and Co. (Ltd.) report as folllows:— Oats: Thero is ready sale for the moderate quantity offering; stocks in store are light, and all blight, heavy lines are finding an outlet for local feed requirements at quotations. We quote: Prime milling, 3s 9d to 3s lOd; good to best feed, 3s 7d; medium to good, 3s 3d to 3s 6d per bushel (sacks extra). Wheat; Practically no wheat of any description offering. Potatoes: Old season's unsaleable. Now season's offering freely, and sales can only be effected at lower rates. Unripo lots are not so readily quitted as choico hnes, which are receiving most attention from buyers. Quotations: Best lines, £5 to £6 per ton (bags in). Chaff: Consignments of bright, heavy oaten sheaf are not heavy, and all lines of this description are readily quitted on arrival. Medium quality and light linos are more plentiful, and difficult to place. Wo quote: Choice quality, £6 15s to £7; medium to good, £5 10s to £6 10s; light and inferior, from £3 per ton (sacks extra)..

Donald Reid and Co. (Ltd.) report "Wo hold oar usual weekly auction saJo of grain and produce at our stores to-day, when values ruled as under. Oats: There is good inquiry for heavy food and milling cats, rooro especially CJartons and sporrow- ( bills, and several linos have changcd hands during the past week. We quote: Pritno milling, 3s 9d to 3s lOd; good to best feed, 3s 8d to 3s 9d; inferior to medium, 3s 3d to 3s 7d per bushel (sacks extra). Potatoes: Tho new season's crop has boon coming to hand more freely during tho last fow days, and tho quality is well up to the average of past seasons. Freshly-dug potatoes irj selling at from £5 15s to £6. Wheat: -None on offer. Chaff: Consignments o{ medhiTH chaff iavo beem

to hand more freely during the past week, and sales are not so readily effected. Tho demand for prime oaten sheaf stjll continues, and any lots of this description coming forward meet with ready sale. Wo quote: Prime oaten sheaf, £6 15s to £7; medium, £6 to £6 10s; light and discoloured, £5 53 to £5 15s per ton (bags extra). _