COMMERCIAL.

Timaru Herald, Volume XCIV, Issue 14523, 19 August 1911, Page 3

COMMERCIAL.

THE LOCAL MARKET. Thoro luis been a little business doing on the local grain market during the week, ch;eily in wheat. Merchants however, iind it difficult to buy lor shipment Homo on the prices asked by farmers—3s 7<l to 3s 8d ex store for lines of milling quality. The steamer Indralcma •is to load from 15,000 to 20,000 sacks of wlieat here next month for London, and it is expected that this will iirm the market. Prime milling Velvet is to-day worth up to 3s Sd delivered Timaru, Tuscan find red chaff Id to lid less. Chick wheat is worth 3s 5d to 3s od f.0.b., s.i. Thoro is very little doing in oats. Good stoxit Gallons are saleable at up\ to 2s 7d f.0.b., s.c. Flour is still selling at £9 per ton. Potatoes are a drug on tho market and are only worth £2 os per ton.

CLEARING SALE. The National Mortgage and Agency ' Co. report having held a ekarin.7 &„ t at Albury on Thursday last on buli;.li of Sir Jas. Wilson, tail-view. Tlk-i-o was a. large attendance of the nubiaand as each lot submitted was in ,<wA onto, competition was very k.-en throughout the sale. The following are some of the prices—Sheep, 2-tooth tnreequartebred ewes 15s lOd 4 (i and 8-tooth halfbred ewes 15s Gd • ewe hoggets 13s threequarterbrod wethers lis od, halfbrod wethers lis il'd wether hoggets lis 3d. Horses! draught mares £33, £3O, £2l 10s £l4galdmgs, £36 10s, £2B, £2l, £ii; hacks,. £l6, £l3; foals, £l3. Cattle dan-y cows, £8 17s 6d, £8 10s, £C 10s,": tat cows, to £9 ss. Implements, sundries and household furniture sold at full market rates. * STUDHOLME JUNCTION SALE. The fortnightly sale was Md :,i btoidholmo yards yesterday. 'J'hei* was a fair entry forward, which with the exception of a nk-e line of ewe hoggets, did not include anv l.ues of special merit. There was onlv a moderate demand, and prices ruled as follows—Fat wethers, 19s 3d, ]7s Bd 13s . od, 20s, 245, 20s 3d 23s 9d to 31s'; fat ewes to 18s; 2-tooth ewes, very small 14s; 4, 6 and 8-tooth ewes 13s Bd, 14s Id to 16s ; failing month ewes, 8s to }] a , °d; ewe hoggete, 13s 3d, 16s 4d, i? s ol to lls; store wethers, 12s to los Bd. Cattle sold at late rates. The South Island Dairy Asociation has been offered 6£d per lb for the season's output of cheese. BlilJs and Sparrow, a London produce firm, have advised their New Zealand representative by letter that" owing to the drought in Europe shipments of butt3r from the eolon.es will probably realise exceptionally high prices. T)l ? N.Z. L. and M.A. have received j/iio following cablegram from tlieir London Office uuder date lGth iust.: '\V heat—An Australian'cargo of wheat has been sold at 35s o.i.f. s The market is very dull with very little demand, cannot quote. Outlook is uncertain." The- following cable has been received by Dalgety and Co.. Timaru, from their Loudon Office, dated 17th Aug.: ''Quotation N.Z. prinie ox beef, forts 2;d, hinds 3Jd; Zealand lamb, crossbred, Canterbury heavy, sd; light, ojd, North Island crossbred, heavy, 4jjd, light, s{d; New Zealand crossbred mutton, Canterbury, heavy, 4d, light 4Jd; North Island, heavy, 3£d, light, 3jfd. Australian mutton, heavy, ?.id, light, 3jd. ■ Jlore disposition to do business, but quantitv available limited, owing to labour difficulties." CHRISTCHURCH PRODUCE MARKETS. Per Press Association. CHRISTCHURCH, Aug. 18. During the last few days there has been a revival hi the wheat market, consequent upon the firmer tone in the Homo market, and the temporary rss m Australia. Thero has been a f.iir amount of business passing between merchants, and some trade has aiSo been done with the North Island. Prices are. about a penny por bushel better than they were, and seoond sales have been effected at no «.ven greater advance. There i 3 very little wheat offering by growers, but a fcw sales have been made at 3s 4d to 3s 5d for Hunters and Tuscan at country stations. _ Pearl is worth 3s od to 3s 6d, but is evidently scarce as none is offering. There is also a good enquiry for oafs, but -what business is passing is between merchants, as there nre practically none coming forward from growers. There is a little more enquirv for rye grass. The trade in chaff in quiet, and the price, 80s at country stations, remains unchanged. There' is a fair demand for potatoes, and fOs is the price _ most generally paid at country stations.