COMMERCIAL.

South Canterbury Times, Issue 2306, 7 August 1880, Page 2

COMMERCIAL.

S. C. Times Cilice. Saturday Evening,

The mills continue biiskly at work and several moderate transaction sin good milling wheat and oats have been made during the week. The news from abroad, especially the prices quoted for oats in the Australian markets has imported a tone of decided firmness to the local market, and sellers are not at all anxious to quit except at a fair advance on late quotations. It has been ascertained that although large shipments direct and via Lyttelton and Dunedin have been made from South Canterbury a very large proportion of the past seasons crop remains in growers hands. A steady supply of every kind of grain may therefore be expected for some months to come, and this will probably prevent prices rising to any great extent. Best milling wheat is worth from lis 2d to As Gd per bushel; inferior samples 2s Gd to ids; barley is nominal at 2s 3d to 2s 9d; oats, milling samples Is Id to Is Gd; feed Is to Is 3d.

TIMARU SHARE MARKET

Mr W. /hosier reports as follows: Colonial Bank £2 5s Gd; National Bank, £3 ; National Insurance, £1 ss; Standard, 10s; Union, IGs ; Colonial, 7s; National Mortgage and Agency Company,- £1 Gs; Guthrie and Larnach’s Company, £1 10s ; Timaru Gas Company (old issue), £G 5s ; (new issue) £1 ss.

Christchurch, 'Aug. 6

There is not much variation in the grain market since last report. What is locally firm and first-class samples of milling arc readily saleable up to -Is. For a prime lot of Tuscan an advance of 2d is obtainable on the above quotation. Fair milling lots are quoted at 3s 8d to 3s lOd. There has been considerable enquiry for seed parcels, and sales have been made freely during the week at Is 2d to Is Gd. Oats continue in fair request at Is Gd to Is 7d for best milling Good feed is worth Is Id to Is 5d ; lowergrades, Is Id to Is 2d. In barley the market docs not present any now feature. Wc have no alteration to note in potatoes, 22s Gd to 25s being current rates. Flour—Following the improved value of wheat, millers have advanced the price 20s per ton. In grass seed, most of the business transacted has been second hand. The demand has slightly improved, though prices are in no way affected. Butter is quiet at 9d ; cheese, Id to I.U1; hams and fcacon, 9 Ml. Mutton is quoted this week at 3d per lb ; stores arc largely enquired for. The beef market was very fully supplied this week, and there was a drop of 2s or 3s ; the price quoted is 21s to 27s Gd per 100 lb.

Dunedin, August G.

Prime hoof, 25s to 27s Gd per lOOIbs; mutton, 2;)d per lb ; good samples milling wheat, 3s 9d to Is Id ; fowls’ wheat, 2s Gd to 3s ; feed oats, Is Id to Is 5d ; milling, Is 7d ; malting barley, 2s 9d to 3s 3d; feed, Is fid to 2s Gd ; potatoes, £2 5s to £2 7s Gd; grass hay, £2 10s; oaten hay, £3 ; chaff, £1; straw, £2 ; bran, £3 ss: pollard, £1; flour, £9 10s to £10; oatmeal, £9 10s ; pearl barley, £lB ; onions, 7s ; cheese, sd; bacon, rolled, 9d ; hams, lOd ; sides bacon, B£d (grain fed.)

Wellington, August G

Messrs Plimmer and Reeves quote flour, £lllos to £l2; bran, Gel; pollard, 5s Gd ; fowls’ wheat, inferior, 2s Gd, best 2s 9d ; fowls’ barley, 3s 3d ; oats, 2s 3d to 2s 9d ; oatmeal, £il; pearl barley, £2O to £2l ; potatoes, £3 5s to £3 ills; cheese, 5J,d; chaff, ss; Canterbury hams and bacon, IOJd.

Auckland, Aug. G,

Business has been quiet and steady during the past week. Money is plentiful, and the Banks have reduced the interest allowed on fixed deposits. It will be in future, for three months, 3 per cent; for six months, 1 per cent; for twelve months, 5 per cent. Mining business is dull and the share market is drooping. Maize is at 3s for good wholesale linos; oranges, from 3s to 3s 3d ; old oats average 2s; lines of Canterbury flour have been sold at £11; oatmeal is quiet at £10; Canterbury potatoes, £3 10s to £1 os per ton, but business is almost wholly transacted at £8 14s to £-1. Local potatoes are becoming scarce, and stand at £3 to £4 os per ton. Sydney, August 0. Honncssy’s brandy, in bulk, quarters, 10s 3d to 10s (id ; kerosene, diamond, Is 7£d to Is 8d per gallon ; New Zealand wheat, 3s !)d per bushel ; New Zealand oats, 2s to 2s 3d per lOlbs.