COMMERCIAL.

Southland Times, Issue 19725, 27 January 1906, Page 4

COMMERCIAL.

Local Produce Market. Tlio following is our weekly report en the condition ot tbe local market Oats.—ln this line, as in all other produce, business has been practically at a standstill' since last week. ULtlo or nothing is being done. The demand from Australia has entirely fallen off and the North Island is drawing supplies from purchases made earlier in the season. Very few parcels are offering from the country und buyers are not keen to do business at recent ruling rates. The rates of freight to Western Australia have been lowered, and this will probably encourage business with that State. f J ho reduction is substantial, the U.S.S. Co. being now prepared to carry oats to Fremantle and Albany at 22s 3d per ton, instead of 31s ns formerly.

Chuff. —A considerable quantity is ofiering at present, but the outlet is very limited. The Dunedin market is being supplied from South Canterbury ut equal to r»ss on trucks, which is a considoratyy lower price than has been ruling in the local market for some time back. There is practically no export trade in chad. Ryegrass.—This promises to be good property ns stocks carried over by local merchants are light and reports indicate (hut stocks held in Dunedin and Canterbury are not up to the quantity usually kept on hand. Wool. —Prospects for the sale on Thursday next arc good. Prices remain firm, buyers are still l een, and there will be a very good catalogue to submit. Growers have no reason to anticipate lower values than those obtained at Hie second sale of the season.