LATE COMMERCIAL

Evening Star, Issue 19795, 20 February 1928, Page 6

LATE COMMERCIAL

COTTON, RUBBER, ETC

Press Association —By Telegraph—Copyright.

LONDON, February 18. Cotton: March shipment, 9.72 d per lb. Rubber: Bara, 13]d per lb; plantation smaked, 153 d. Jute, Fcbruary-Mnrch shipment, £3O per ton. Hem]): Fcbruary-March shipment, ,!;34, 10s per ton. Copra:' February-March shipment, £2O 12-s fid per ton. Linseed oil, £2B per ton. Turpentine, 41s per cwt.—A. and N.Z. Cable. FROZEN MUTTON AND BEEF. Press Association—By Telegraph—Copyright. LONDON, February 18. Sheep.—Canterbury: Light, medium, none offering; heavy, s]-d lb. Australian seconds, sid. Argentine light, sj[d. Lambs. —Canterbury, all weights, 10jd. Other selccteds, 10 d. North Island firsts, 9]d. Australian seconds, Victorian, 7|; other States, 7£d; thirds, 63d. Argentine firsts—lightßd, medium Sid, seconds 63d. Frozen Beef.—New Zealand fores, 3|d per lb, hands 4|d. Australian crops, 3 11 -1 fid; hinds, 4jd. ( hilled Argentine fores, 3®d; hinds, fid. Others unchanged. LONDON MARKETS. The Bank of New Zealand has received the following advice from its London office as at the close of business last week: — Butter: Quiet, 162 s to 166 s per cwt. Cheese: Firm; 04s to Dos per cwt. Frozen meat: The market is weaker for heavy-weight but lightweights remain steady. Ewes are in short supply, with prices nominal. Owing to larger arrivals, lamb prices arc expected to go lower. The beef trade is slow. Wethers —light fid to 7sd, heavy 43d to old; ewes, 4]d to fifd; lambs—twos 9]d to lOJd ; eights 9|d to IQJd; fours, 9|d to lOJd ; seconds 9d to 9jd; oxhinds, 4Jd to fid, fores 3]d to 4d: cow hinds 4d to 4RI, fores 3|d to 3]d. PROPERTY SALE. John Reid and Sons, Ltd., at their rooms to-day submitted to auction the uucxpired lease of allotments 3,4, 5, 6,7, and S, block 2, subdivision of sections 5 and 6, block 6, East Taiori district, and improvements thereon, fronting Factory road, Mosgiel. Bidding went to £250, at which figure Mr Walker secured the property. Several Macandrcw Bay properties were also offered but bidding stopped a, little short of the owners’ reserves, and negotiations arc now proceeding.

SALES ON ’CHANGE: THIS DAY

Christchurch: Commercial Bank of Australia, 27s 6d; National Bank of Australia £lO paid), £lB (an odd lot).

Auckland: Kuranui, 6d; Hayward’s Pictures, 19s; Bank of New Zealand, 58s 6d; War Loan, per cent, £97

Wellington: Goldsbrough Mort., £2 8s; New Zealand Breweries, £2 3s.

GRAIN AND PRODUCE

Messrs Donald Reid and Company, Ltd., report as under;— Oats: Odd samples are now coming to hand, but merchants are not displaying much eagerness in their offerings. The absence of any outside inquiry is no doubt the primary cause of the slackness. On a oasis of shipping value, A. grades are worth 2s lOd. and B. grades 2s 7d (sacks extra) on truck, country_ sidings. Wheat: Harvesting is not yet general in this district, though a few early crops have been cut in Otago Central, and threshing is also compiencing in that district. The yield is reported good, both in quality and quantity. Millers are not displaying much keenness in purchasing, Tuscan varieties especially being neglected. Fowl wheat is still being obtained from last season’s stocks at prices equivalent to 6s 6d per bushel (sacks extra) ex truck.

Potatoes; This market declined still further during the week. The demand is by no means large, and the tubers coming forward are not yet ripe, and also in some cases touched with blight. These facts have all contributed towards weakening the market, and potatoes in large sacks are selling to-day at £o per ton (sacks extra) ex store. Chaff: The local market is bare of supplies at present, but values do not vary to any extent. Canterbury is the principal source of supply, and prime quality from that quarter is realising up to £5 5s per ton (sacks AsjfeeJ ex truck, Dunedin.