COMMERCIAL.

Otago Daily Times, Issue 19692, 20 January 1926, Page 6

COMMERCIAL.

CANTERBURY MARKETS. (Feb United Peiss Association.) CHRISTCHURCH, January 19. There is a wide diversity of opinion this year as to the probable yield of crops. Rain has been Irregular and very patchy, and, whilst some districts are looking very backward, others, again, promise to be fairly well up to the average. However, the bulk of opinion is that generally the yields per acre will be well under normal. New stuff is being offered very sparingly, and most of what has come before merchants is assessed by farmers at more than the trade’s ideas. The few samples of Algerian oats are quoted at 3s 6d, which farmers are not accepting. Perennial ryegrass is quoted at 4s 6d on trucks. Italian is mentioned at 3s 6d to 3s Bd. Fowl wheat has been sold at 7s 2d, f.0.b., s.i., about 2d better than last week. METAL MARKETS. Pres* Association—By Tcloeraph—Copyright. LONDON, January 18. (Received Jan. 19, at 9.30 p.m.) Copper: Spot, £SB 16s 3d per ton; forward delivery, £39 18s 9d. Lead: Spot, £34 10s; forward delivery, £34 7s 6d. Spelter; Spot, £37 15s; forward delivery, £37. Tin : Spot, £2Bl 2s 6d ; forward delivery, £274 12s 6d. Silver: Standard, 31 l-16d per oz; fine, 33Jd. —A. and N.Z| Cable. LONDON WHEAT MARKET. Press Association—By Telegraph—Copyright. LONDON, January 18. (Received Jan. 19, at 7.10 p.m.). Wheat.—For cargoes there is no inquiry, but the market is steady despite lower closing American prices. Parcels are inactive at late rates. Liverpool futures—March shipment 12s 2Jd, May shipment 11s lid, July shipment 11s B|d per cental. —A. and N.Z. Cable. ■ - PRICE OF GOLD. Press Association—By Telegraph—Copyright. LONDON, January 18. (Received January 19, at 10.40 p.m.) The price of gold is quoted at £4 4s HJd per oz. —A. and N.Z. Cable. P. AND O. SHARES. Press Association—By Telegraph—Copyright. LONDON-, January 18. (Received January 19, at 10.40 p.m.) P. and O. deferred shares are quoted at £2iß.-*-A. and N.Z. Cable. RUBBER. DROP IN PRICES. LOWER LEVELS EXPECTED. Press Association—By Telegraph—Copyright NEW IORK, January 18. (Received January 19, at 10.40 p.m.) Crude rubber prices dropped 8 cents on Monday, and traders look for lower levels, considering the increase of stocks in London and New York.' The complete absence of factory interest and the rubber investigation in Washington are depressing factors. — Reuter. CHICAGO WHEAT MARKET. Press Association —By Telegraph—Copyright. NEW YORK, January 18. (Received January 19, at .10.40 p.m.) Chicago wheat quotations; May shipment, new crop 174|, old crop 172 j; July shipment, 151 J; September shipment, 144 J cents per bushel. —Reuter.