Commercial

New Zealand Tablet, 31 August 1911, Page 1689

Commercial

PRODUCE Wellington, August 28. —The High Commissioner cabled from London on the 26th inst. (the quotations, unless otherwise specified, are the average market prices on spot): The strike has terminated, and work has been resumed. The markets are again normal. The storage charges will be increased 1\ per cent. Mutton. Market quiet; moderate business doing. Canterbury, 4d ; North Island, 3fd. Lamb.—Market speculative. There is an inclination to force the sales of lamb. There is a fair local demand. Canterbury, 6-|d; other than Canterbury, Bid. Beef. Market depressed ; stock heavy. New Zealand hinds, 3|d; fores, 2§d. . Butter. —Market firm, owing to reduced supplies. There is a general active demand. Australian, 1245; Danish, 140 s; Siberian, 120 s. Cheese. —Market very firm; good demand. New Zealand, 665.

Hemp. —Market very quiet. New Zealand good fair, on spot, £2O ; New Zealand fair grade, £l9; forward shipment at same price; fair current Manila, spot, £l9 15s; forward shipment, £2O 10s. The output from Manila for the week was 30,000 bales. Cocksfoot Seed.—Market quiet. It is reported that the Continental crop is medium in quantity and good in quality, and is selling at 655. Wheat. Market very quiet; nothing doing. New Zealand long-berried wheat, spot, ex granary, per quarter of 4961 b, 34s ; short-berried, 33s 6d. Oats.—Market steady and fair business doing. New Zealand oats, short sparrowbills, granary, spot, per quarter of 3841 b, 20s 6d; Danish, per quarter of 3201 b, 17s 6d.

Messrs. Dalgety and Co. report as follows: Oats.—Offerings during the week have been light, and stocks in store are low. There is a strong inquiry for shipping for prime sparrowbills and Gartons, while medium quality oats meet with a keen demand for local requirements. Prime milling, 2s 8d to £s Bid; good to best feed, 2s 6d to 2s 7|,d; inferiorHo medium, 2s 4£d to 2s 6|d per bushel (bags extra). '■-■-.; Wheat.-In consequence of the small quantity offering, no business of any importance has transpired during the week. There is a good inquiry for all descriptions, and values remain unchanged, with a firming tendency. Prime velvet, 3s 9d to 3s lOd; prime Tuscan and velvet-ear, 3s B|d to 3s 9d; medium, 3s 7d to 3s 8d; best whole fowl wheat, 3s 5d to 3s 6^d; inferior to medium, 3s Id to 3s 5d per bushel (bags extra). , Potatoes. Arrivals during the past week have been fairly heavy, and in the absence of shipping inquiry, values are inclined to ease. Choice up-to-dates, £3 ; good, £2 15s to £2 17s 6d ; medium, £2 10s to £2 15s; inferior, £2 to £2 5s per ton (bags in). Chaff. : There is no change to report in this market. Merchants and consumers all carry heavy stocks, so that nothing but prime chaff is saleable. Prime oaten sheaf, £4 ss; medium to good, £3 15s to £4; light and discolored, £3 5s to £3 15s; straw chaff, £2 to £2 10s per ton (bags extra).

Messrs. Donald Reid and Co. report: , Oats.—Only moderate quantities are offering, and all good prime lines are readily taken at quotations. Prime milling, 2s 8d to .>2s-B|d; good to best feed, 2s 7d to 2s 8d; inferior to medium, 2s 5d to 2s 6|-d per bushel (sacks extra). - v Wheat.The market is unchanged. Millers are not operating freely, but are taking choice lines offering. Medium quality is not in demand, except as fowl feed, for which there is good sale. , Prime milling velvet, 3s 9d to 3s 9Jd; Tuscan, etc., 3s 8d to 3s B|d; medium, 3s 6|d to 3s 7|d; best whole fowl wheat, 3s 5d to 3s 6|d; medium, 3s 2d to 3s 4d; broken and damaged, 2s 9d to 3s Id per bushel (sacks extra). Potatoes.—The market is well supplied, and sales are not readily effected, Best table sorts are offering freely at £2 17s 6d; choice, to £3; medium quality is more plentiful, and sells at £2 10s to £2 15s; inferior, £2 to £2 5s per ton (bags included). » Chaff. Prime oaten sheaf . sells readily, but there is no rush on buyers' part. Medium quality has no demand. Best oaten sheaf, £4 2s 6d to £4 ss; choice, to £4 7s 6d; medium to good, £3 15s to £4; light and discolored,- £3 to £3 10s per ton (bags/extra). »" " ' Messrs. Stronach, Morris, and Co., Ltd., report for week ending August 29, as follows: Oats. There is good competition for. all coming forward, consignments being very small. Quotations: Prime milling, 2s 7|d to 2s 8d; good to best feed, 2s 6£d to 2s 7d; medium, 2s 4id to 2s sid per bushel (sacks extra). - Wheat.—There is very little change to report, as millers are not disposed to buy. v Fowl wheat is in good demand. Quotations: Prime milling velvet, 3s 9d to 3s 9|d; red wheats, 3s 7 W to 3s Bid: medium to good, 3s 64d to 3s 7d; best whole -fowl" wheat, 3s 5d to 3s 6d; medium, 3s 2d to 3s 4d; broken and damaged, 2s 9d to 3s Id per bushel (sacks extra). Chaff. Large quantities are coming forward, but the demand is only for very prime. Best oaten sheaf, £4 2s 6d to £4 ss; medium to good, £3 15s to £4 ; light and inferior, £3 to £3 10s (sacks extra). Potatoes.—The market \is well supplied, and sales at late values are hard to make. Medium and inferior are neglected. Quotations: Prime table potatoes, £2 17s 6d to £3; medium to good, £2 10s to £2 15s; inferior, £2 to £2 5s per ton (bags in).