COMMERCIAL

Timaru Herald, Volume XIIIC, Issue 13710, 26 September 1908, Page 5

COMMERCIAL

Press Association-By LONDON, The American visible, supply of -wheat, is 39,855,000 bushekf. Seven' thousand five hundred* quarters of Adelaide wheat, September shipment; sold at 39jsj 1200 quarters of Adelaide or Victorian* De> ceinber-January shipment sold at 37s 6d. THE ANTWERP SALES. - LONDON, SipUmber,-Wki The Antwerp /woo) sale* opened;!. a good attendance.' Prices of iugftoyt&to unchanged but firm; crocabreds generally __ were dearer.'- Out hal® oPX** Plata, only ,419 were ~WjKfd. ! '' c; THE \: Received BA7 » v The Bank of Bfiwm:,W» stock of gold and cwhi.toh* £J£,9n,QQ|l;< reserve, £28,218,000'; . proportfco of w»« serve to liabilities; 54,28 rye' etwjulatfon* £2?,805,000; public * other deposits, £ \Qtyfhimgb securities-, £15,552,000;' other vtotajms £26.500,000. The Bank-rate w'24 pes? ceut., and three months' : bilht are, *s»> cotmtd at 1 7-16, at * 'Parish, at BeTJfia • 3i, short loans f. Conspte.'BSi." !■-/- New Bojith Wiilce entkiloßr . Queensland 4 per ojmt*. IC(6, H do. 100, 0 do. 88 ;New 2fea&/43«rc«nt«. 108; Twsmaniftn 3 per cents, .88 J West Australian 3 per cents. SBJ. Other stock* «x« unchanged. The higher American quotations and the cholera scare, which "led to Hwt»wa shipments being, quarantined at'' v as«* European porta, hare .passed .«'jgea*p3 hardening of lhe wheat Diarists. , is a good demand fiftf the new crop. -The shipments totatlflpO tons. South'- Wale*' )!N»*B&er* January shipment, per* "steamer, "*o&i ** 36s 6d. "A quiet trado iajberag don*' 1 to Australian spot WatsS,6s.io,4lt. * rather firmer, but the/market ia, pr , active. Axtetralian patent mxi* in Jljbb* . don, 25s to 25s 6rf. *'_'!* The butter market is doll and"? W* changed. No colonial l is offering, , M Copjxr, on apoi, £52 Is*i;/thre» months, £6O 12s 6d. Tin, on spot," £133; three months. £133 10s. Lead, £l3.' Spelter, £l9 10s Iron, 51s fid. Sugar—Oerman, 10s; tirafc marife, 12t 84The Bradford wool market » quiet, and priors are barely maintained. THE LOCAL' KA&KJSTS. There has been a decided imprwremwil: in the local grain -markets, daring too week; this being due to the &imt tendency of the Home market/"*t*d tk« flutter which recently occurred in' Americf; There is a fairly strong enquiry" locally, «md a good many sales have also been made during the past few day* at from 4s 4|d to 4s 6d f.0.b.. -Local millers have been buying and sales have ahw> been mad© to fill'coastal order*. 8on>« fairlv big Jioea have changed hands, including one of 12001 bag*. In all, between 5000 and 6000 bags have changftd hands in Tiiaaru during»the w,«elc. « is believed that good pricea are likely to b* maintained as reserve stock* Jwv» been worked .on a lot of late,,and stock* are light all over .the world. As further supporting the contention that, good pricea are likelv to be maintained, it is pointed out that the Home p*>opV> are nour boy-, ing seven month* ahead—from" Anetraba , —■having the crop which i* now grow* ing, 'for delivery about April of next year. Prom this it is" argnfcd- Ujat ■• price* » New Zealand ahonld ; be'good next «e«s«6, especiallv as iberer w very liUl* grain Wd hero nw.' : As a rale mewhaata hew are not prepared to speculate from one wawHi to-another as is .done.by tneirchanta at Home in buying wheat 6 »nd-7 months ahead from Australia, but a Timarn merchant made aa offer to a South ! Canterbury farmer thk week, to hk wheat of next «asoa~-aboi«t „&W0 ! bwdjels—afc 3s 6d per buahel. The »«*J*»* would not accept ilia offer; he oWrt*o 1 to close tho bargain at 3« 9d, but tho [ spec«latlv« merchant woukt not ri#k more than 3« 6di«a his jplnag* in ihe das*. The oat market baa ako ahown * decided reriral during the week, aa it wMuttimeH 4«*w, wh*!t> wheat MWf. 1 " upward tendency. It cannot be «*W tnae i there w a gr»^ l 4*** fJ *** B K m tto r tm l cal, bat a quw* biaamaw m 2s Id f.0.h., feed tjartona. wh>le Daaitb I iir-i commanding 2s. and Dana are fetching as high *» 2s 5d for prime, be*Ty | wmplea. ' . _. i Tlie«. w vM mueh doing in a*** 6 *** chaff, which is quo(<d today at £3.10« c«un«rv etation*. ■'>'*'«/" Tlk* sJotat<» market ha« es«f«d back ««*Wf deraldr and U«r* am pra£tically no WU* saking pU»o» lo«a!iy. It w getting l*U» in th« for potato** ** *r» now t>eginning to aprost an«l uwrehanta do-nut-cAre to handle Uww. *«peettlly a» ih" outeJde •{••mand ha* eeaaed- ranoew art a*kmg £5 10» F r * m * bttt ' ** "f* mi »b!e t« grt ibis pric**. At the Bluff, raen-lwni* «rr- offerinc fame** £& \oti jwr ««n and that ■ Ist ' about;' all merrian'.R cAr»- <" lier*. ■but they sr* mdinVmii aiwttt eating th«m «*» at stiAi tmtif. ' ■ " ■ ' ■' 's Ff'.«r i* *t £lO 10f. bra© »t> £(5 JV. r^ll«i^"»t-l^' : -'.i«J ,oaJ|jmJ;; ; «i mi 10* prr'i**.- : ;;";