COMMERCIAL.

Otago Daily Times, Issue 19269, 5 September 1924, Page 6

COMMERCIAL.

CHRISTCHURCH WOOL SALE. (Pin United Pesos Association.* CHRISTCHURCH, September 3. Tho wool sale held to-day was practically a solo of crutohings, the catalogue being comprised of quite SO per cent, of such. Fleece wool was represented by odd lots of stragglers' wool. The catalogue comprised 18,777 bales and tho disposal eerved to clear the decks for the incoming clip. A comparison with ordinary sales is of little value, but there was a very bright sale, and to all appearances there is nothing in the present wool position to cause any misgivings as to the- maintenance of recent values. Only an odd lot or two were passed. Th© bench was a fully representative one, the Home buyers operating freely and dividing the catalogue well with tho local fellmongers. The best prices were: Merino fleece 27d, merino pieces 20d, halfbred fleece 27Jd, halfbred pieces 205 d, halfbred crutchings 19d, halfbred bellies 19Jd, merino crutchings 18id, three-quarter-brad crutchings 16d, crossbred crutchings 15J. LINSEED. (Pee United Press Association.) WELLINGTON, September 4. The Department of Agriculture is advised from Calcutta that linseed for immediate shipments is quoted at £2l 7s 6d per ton, c. and f. Sydney. The market is steady. ♦ PERPETUAL TRUSTEES COMPANY. For many years past the Southland business of the Perpetual Trustees Company (Ltd.) has been conducted by its agents at Invercargill, Messrs Bout and Stewart. The company’s business having grown of late to very large dimensions, it has been found essential to open a district branch office in Invercargill. The company has just completed the purchase of Messrs Rout and Stewart’s old established business, and Mr C. B. Rout, late of that firm, has been installed as the company’s district manager. Mr Rout, who is well and favourably known in business circlce in Southland, and who has had a long experience in trust and agency work, commenced his duties on the Ist inst. CALCUTTA TEA SALES. Press Association—By Telegraph—Copyright. CALCUTTA, September 3. At the tea sales the offerings were of average quality. The demand was more spirited ana the best qualities showed an advance of six pice to an anna, while common and commonest classes were an anna dearer —Reuter. AUSTRALIAN MARKETS. SYDNEY, September 4. (Received September 4, at 9.5 p.m.) The price of flour has been reduced by 7s 6d to £l4 12s 6d a ton. Oats: Algerian, 4s Id to 4s 3d; White Giant-s, 4s 6d to 4s 9d. Maize; Local yellow, 3s 9d; white, 4s 2d. Potatoes, £4 to £7. Onions, £ls to £l6. ADELAIDE, September 4. Oats, 3s to 3s 2d. PRICE OF PETROL. REDUCTION IN ENGLAND. Press Association—By Telegraph—Copyright. LONDON, September 3. (Received September 4, at 7.30 p.m.) The retail price of petrol has_ been reduced by Sid per gallon.—A. and N.Z. Cable. LONDON WHEAT MARKET. Press Association—By Telegraph—Copyright. LONDON, September 3. Cargoes are quiet. American cargoes are but La Platas are firm and dearer. Parcels are in fair request at Is decline. Manitoba parcels and Australian on passage are quoted at 57s 3d. Parcels were sold at Liverpool, ex the Cornwall, at 56s 9d.— A. and N.Z. Cable.

LONDON TALLOW SALES. Press Association —By Telegraph—Copyright

LONDON, September 3. At the tallow sales 087 casks were offered and 608 were sold. The host sorts were tinchanged. Others showed from 6d to la advance.—A. and N.Z. Cable.

Messrs Dalgety and Co. (Ltd.) report having received the following cablegram from their head office, dated London, September 3: —“Five hundred and eighty-five casks of tallow offered; 500 sold. Mutton unchanged. Other descriptions unchanged to la dearer.”