COMMERCIAL.

Timaru Herald, Volume XCIV, Issue 14482, 1 July 1911, Page 5

COMMERCIAL.

LONDON GRAIN MARKET. Press Association—By Tel. —Copyright. Received 9.10 ' -p.m., June 30th. LONDON, June 29. The wheat markets are dull and inactive. Distant cargoes are neglected, and the only inquiry is for near cargoes. The weather in Europe is generally favourable to the crops. The harvest in some countries is likely to commence in. three weeks.

A cargo of Australian has been sold at 33s 6d, and 33s is asked for South Australian April and June shipment, 33s 7Jd for New South Wales May shipmont. 32s 9d and 33s has been paid for parcels afloat, May and June shipment. There is p°° r inquiry for Australian on spot at about- 365; New Zealand 85s to 35s 6d. Flour.— There is a disappointing demand: 23s is asked for Australian patents on passage. Oats.—There ib a steady but small demand for Gartens at 21a to 225; sparrowbills, 20b 6d to 21s 6d; La Plata July-August shipment, 14s, 10Jd. CHRISTCHTrRCH PRODUCE MARKET. Per Press Association. - CHRIBTCOTRCH, June SO. There is little change T n Ihe wheat market, though there is more enquiry. Offerings are somewhat soa.'oe however, and holders are asking 3s 4d at country stations, which buyers &re not prepared to give. A, line has been purchaeed at 3s 3Jd it a- coun-ry Btation, equal to 3s 6d f.o.b. There has been some business passing between inerchaius on tfhis basis.

CliiJf remains at the nominal price of 85s on trucks, but a little more has been given to fi'.i immediate require, nient? during the recent wot weather. /'The potato market is quiet and sales for shipment are >.difficult to effect, in consequence of .the lower rates, ruling in Timaru and Oamaru. Mo3t buyers are not offering more than &'i, though few. growers are willing to accept thin price. To fill or<?iers for forward delivery however (ids and 70s at country stations has been gjvetn. During the current season some 243, V 79 sacks or about thraeqnarters of a million bushels of wheat have been shipped from New Zealand. The shipment of peas amounted to 7;>,000 saoks, of which 62,000 consisted of partridge peas from Lyttolton. WHEAT. The N.-Z. Loan Company hare received tho following cable f.om their London Office under date 2?. th iust.: "An Australian cargo of wheat is quoted at 33s 9d c.i.f. The market is steadv. New Zealand iongberried wheat is quoted at 32s r d c.i.f. per quarter and shortberried at 82s 3d." CLEARING SALE. The New Zealand Loan and Mercantile Agency Co., in oonjuictiou with Dalgety and Co., held a satisfactory clearing sale on Thursdav for Mr H. S Taylcr at Seadown. Horses, cattle* and sheep were shown in good condition. Prices: —Sheep 2-tooth ewes 15s 2d, 2-tooth store weth ;rs 13s Cd, lambs 12s lid. Hon?es»—Geldings £23 £3O 10s, £l7, aged mare tlB TOd year-ild filly £36 Cows—£l2 5s £l2 2s 63. £ll 2s 6d, £ll, £9 ]os/ £8 15s to £T 15s, ave-rase £9 10s Cd Young cattle from £5 10s. Pigs 37s to 30s. O.S. chaff 4s a bag; straw chaff Is 2d. Implements and sundries sold at fuli market values. THE LOCAL MARKETS. There is still very little doing on the local markets. Wheat is offering in very limited quantities, holders bein<r disinclined to accept the reduced prices offering. A few orders are being received from the North Island Nominally wheat is worth 3s 4tf delivered Timaru. to-day. Whole fowl wheat of irooc? onalitv is commanding Rs 2cl cWivpr-ptl Timaru. There is verv little doinir in oats, which are worth 2s 4d for feed and 2s 6d for good seed lines. There is very little enquirv for notatoes. which are now worth £3 7s 6d per ton.