COMMERCIAL

Nelson Evening Mail, Volume LXI, 10 June 1927, Page 2

COMMERCIAL

MELBOURNE MARKETS

(By Electric Telegraph-Copyright) (Australian & N.Z. Cable Association)

(Received 10th June, 10.30 a.m.) MELBOURNE,. This Day. Wheat-, 5s B£d to 5s 9d; Eour, £l3 5s to £l3 10s; btan and pollard, 7s lOd ; oats, firm, 4s Sd to 4s 9d; barley, English 43 4d, Cape 3s lOi.d to 4s; potatoes, £4. to £4 15s; Ohionfe, £3 tlT'-CS ss. Hides are very active and bidding is Strong, with values unaltered. AMERICAN WHEAT CROP (Received 10th June, 9.35 a.m.) WASHINGTON, 9th June. The Department of Agriculture indicates that the winter wheat production will total 537,000,000 bushels, which is 72 per cent of the normal. The Secretary of Agriculture, Mr Javdine, expresses a hope for better prices for wheat than has hitherto prevailed. He points out that this year’s yield will be lower than the 1926 estimates, indicating that the crop will be. 33,000,000 bushels less, and new estimates expected shortly will increase the diminution. This shortage will naturally tend to increase prices. There has been some, drought in Oklahoma and Colorado, hut in other parts of the west which lie visited on his recent trip, the crop i 3 good. He believed the price of wheathow is the crop price. NEW RECORD FOR STOCK EXCHANGE SEAT (Received. 10th June, 9.35 a.m.) NEW YORK, 9th June. The sale of a Stock Exchange seat was arranged at 220,000 dollars, making a new record, 3000 dollars higher than the previous highest price. CALCUTTA TEA SALES CALCUTTA, 9th June. At -be opening of the tea sales there was a keen demand for all good qualities. Port', medium and common sorts wore weak and received poor support. A. largo proportion was withdrawn. Average prices were: Common Pekoe Lou f.tiong 10 annnhs 11 pice; common broken Pekoe Louchong il annans to 11 arma-us G pice; even in black leaf Pekoe 12 annans to 12 annans 0 pice