COMMERCIAL.

Timaru Herald, Volume XIIIC, Issue 14325, 15 October 1910, Page 5

COMMERCIAL.

LONDON PRODUCE PRICES. P'ress Aseociation-By Telegraph-Copyright Received 7.45 p.m., Oct. 10th. LONDON, Oct. 14. Butter is quiet. Danish is unchanged. Choicest salted and unsalted Australian., 112s to 114s, occasionally 116s; secondaries are slow of sale at 104s to 110s, owing to plentiful supplies of other sorts. The wheat markets are quiet and steady. There is little disposition to either buy or sell. The market closed slightly firmer, on reports of insufficient rain in some districts of the Argentine. Cargoes are firmly held; 37s is asked for South Australian off coast nearly due; 37s 9d for South Australian and Victorian October shipment and New South Wales September shipment, and 3Ss for South Australian NovemberDecember shipment. Little business is done in Australian on spot at 39s 3d.

CHRISTCHURCH PRODUCE MARKET. Per Press Association. CHRISTCHURCH, Oct, 14. There is nothing fresh to report in connection with the local wheat market. Most of the holders of wheat in the country are not anxious to sell, as they are not in want of the money, and - as the price is now down practically to the cost of production they consider it good enough to hdld. The continued dry weather, which must affect the spring sown crops, is also anencouragement to them in this policy. Millers are still holding off the market and only take any really good Ibies that can be, obtained at their own price. There is no change in oats or chaff. Potatoes are worth £7 los at stations. SHARE MARKET. DUNEDIN. Oct. 14. Stock Exchange sales reported.—Old Hauraki. 3s 2d; AVaihi, £6 14s, £6 los 3d; StandaS] Insurance, £1 5s 6d; Oainaru Woollen (ordinary), £1 6s. MINING. DUNEDIN, Oct. 14. Dredging returns. —Koputai 470z 12 dwt; Masterton, 30oz 4dwt; Electric I. 270z 13dwt; Central Charlton, 230z sdwt. Electric 11. 19oz 3dwt, Mystery Flat looz 4dwt; Waikaia looz 7dwt, Lady Roxburgh 14oz 17dwt, Hartley and Riley 13oz.

WOOL AND SKIN SALES. Guinness aiul LeCren. Ltd., report having .held their fortnightly sale of skins, wool, etc., yesterday, when there was an average attendance of buyers. Owing to the unfavourable cables received from Home, prices showed an average decline of 5 per cent., this being most noticeable in all dead skins and secondary pelts. The following is a range of the prices obtained:— Skins- —Merino killed f.w. up to 7-Jd per 11), merino killed .} w 6id, merino dead (id, 5-bred killed" f.w Bjjd, rl-bred killed i w Bd, fine J-bred killed f.w Bid, J-hred killed A w 7id, crossbred killed f.w.. 7UI, crossbred killed A w. 7d, crossbred killed short s£d, hoggets killed 7Ad. i-bred dead f.w. 7id, 3brcd dead f.w. 6Jd, crossbred dead f.w. Bid, hoggets dead Ojd, mixed dead short s{Jd. Wool. —Hoggets fleece 9d to 9Jd per lb. matted ewe fleece up to BJ.d, erutchings 5d to 6Jd, dead up to BJd, bellies and pieces rip to 7jd. Fat.—ln tins up to 22s 6d cwt, in sacks A grade up to 20s, B grade- 14s to 17s 6d per cwt. PRIVATE CABLES. Dalgety and Co. have received the following from London dated 12th October:—"Since our last cable, prices of tallow in general are unchanged. And the following dated 13th:—Frozen lamb holders are firm, but prices axe unchanged. The frozen mutton market is weak, but prices are not quotaMy changed. Frozen beef prices are lower by l-8d per lb since our last cable. The demand for all descriptions of frozen meat is poor." The New Zealand Loan Company yesterday received the following cablegram from their London office:— Wheat. —Australian cargo has been sold at 37s 3d cif. Market weak with lower tendency. Outlook discouraging. New Zealand Wheat. —Wei quote , cif per quarter, long-berried 325/.shortberried 31s 6d.