COMMERCIAL.

Rangitikei Advocate and Manawatu Argus, Volume XXXII, Issue 8857, 6 July 1907, Page 2

COMMERCIAL.

London Markets. Press Association—Copyright. London, July 3, Owing to the unfavorable weather in Europe and higher American quotations, wheat has hardened. In the markets fair business was done [at about Is advance. There is a good Continental demand for cargoes, sales for which were made from 35s to 375. Australian on spot is very scarce at 36s to 36s 6d. New Zealand wheat is exhausted, and is nominally 33s to 34s for short-harried, 34s to 35s for long-berried. Flour is firm at 6d advance for Australian. London quotation 24s to 255, Glasgow 26s 6d. Butter is ,vith a slightly better tone. D .'Aish is 109 sto Ills. Colonial is nJglected and nominally unchanged. Cheese : New South Wales sold to 60s, Victorian 525, Queensland 525, new Canadian 575, New Zealand Gls to 625. Antwerp wool sales closed at opening figures. Out of 6705 bales La Plata offered 2459 were sold.

Bradford wool: There is more enquiry, 40’s, 16id; 46’s, 17ifd; common 60’s, 27d ; super, 28d.

Grain and Seed

Messrs Todd land Douglas, Dunedin, report:—Oats; The market is rather quieter than it was last week hut prices show no change and with the country demand continuing strong we don’t look for any lower level. The demand more than absorbs any fresh lots that offer from the country and we think it is only a matter of a short time when higher prices will rule. Stocks ar® very light and holders are firm in their ideas. Wo quote as follow : A Gartons and Sparrowbills 3s 2}£d, B grade 3s to 8s 3d, O grade 3s to 3s Duns 3s 3>£d to Ss 3d, Long Tartars 3s 3d to 3s 6d, ail f. o.b.s.i. Milling Wheat: Another tremendous ran has commenced on this, following the cables received from London and America. The market up to last Thursday was quiet but on Friday the movement commenced again and buyers are now offering increased prices to get supplies. The statistical position is very strong. There lias been a jump of quite 3d per bushel since Friday. Holders are | now asking from 4s 6d to 4s 8d f.o.b. j sacks extra for mixed parcels with j CY r- - ehnoß of higher prices. Bar- ‘ . . enquired for but very I. :. - i-.e. . ..ms iemaiu witbj on. ■ •- , - .1 ro os for mormon ' malting, 3s id to 3s Id uibwto 3s 4d for food, all f.o.b. sacJ-.t extra. Feed quality in sympathy -with fowl wheat is likely to see higher prices. Bran: lu good demand, very little available for export as the local _ demand absorbs most of the supplies ; wo quote 90s not f.o.b. Byegrass: Market quiet but fairly firm ; no change in prices which are as follow : Colonial seed 33-341 b choice 6s Gd, S.S-30 5s 9d to Cs, 26-38 5s 2d to 5s 9d, imported seed 29-30 -Is 6d to 4s 9d, 26.-37 4s 2d to 4s sd, 33-25 4s to 4s 3d, all f.o.b. sacks extra. Cocksfoot: The strong demand continues, both for export and local consumption, and prices have hardened. Some holders are now looking for 6d per lb and that price is getting well within sight. To-day’s values are as follow: 17lb machine dressed 5%d to 5%d, IGlb 6%d to 5%d, 15lb j£k;d to 5%d, 14 to s>£d. Undressed seed has been sold at 4%d ex store, rough seed for surface sowing is worth 3%d to 4d per lb, all f.o.b. sacks extra.

Stock Market.

The New Zealand Loan and Mer- ] cantilo Agency Ltd, j Foilding, report for week ending sth instant as follows: —At jFoildiug on Friday wo had a good entry of sheep and a small yarding of cattle. There was a much brisker demand for all classes of sheep and wo were successful in quitting all lines with the exception of one small pen, at satisfactory prices under the hammer. Quo-tations.—-Forward owes 13s 9d, fat and forward owes 14s to Iss, store wethers 16s Dd, fat wethers 19s Bd, ew'os in lamb 17s Id to 18s 3d, call ewes in lamb 13s, cull owes Cs 9d, store lambs 8s to 8s Gd, mixed lambs 12s 3d to 12s Cd, store cows 22s to 3Cs, forward cows £2 4s to £2 15s, fat heifers £i Is, dairy cows to £4, IBs.