COMMERCIAL.

Otago Daily Times, Issue 19801, 28 May 1926, Page 8

COMMERCIAL.

DAIRY PRODUCE. The New Zealand Loan and Mercantile Agency Company (Ltd.) ha« received the following cablegram from its London house under date April 26: New Zealand butter: Choicest, 168 s to 170 s. Market quiet. Danish 170 s, Australian 16Ss, Russian 14? s. Cheese, 925., Market slow. /CLEARING SALE. Donald Reid and Co. report having conducted a very successful clearing sale on Tuesday last for Mr W. Richardson, Owaka Valley. Despite the wet weather and seas of mud, a large attendance of members was present from Kaitangata, Stirling, Balclutha, Chaslands, Tahakopa, and the surrounding districts. Bidding was brisk from start to finish, and a total clearance was affected in good time. The following prices were secured :—Ewe lambs, 28s, 24s 9d ; wether lambs, 21s 3d, two, four, six, and eighttooth ewes, 30s Id, 29s 6d ; s.m. ewes, 23s 9d; wethers, 275; Dairy cows. £l2, £11; spring calvers, £8 15s, £8 10s, £8 ss, £7 10s, £7 ss, £7 ss, £7, etc. ; sprlngcart mare, £27. do, £l7 ; oat stacks, to £7 15s; implements and sundries, at full market rates. CjIRISTCHURCH WOOL SALE. GOOD PRICES REALISED. (Pee United Press Association.) CHRISTCHURCH, May 27. At the final wool rale of the season to-day a catalogue of 1700 bales was offered, comprising mostly oddments, with a few backstation clips. A bright, keen sale resulted, prices being fully up to expectations. Scoured merino of good quality- made to 375, and halfbred to 30Jd. The best price for unscaured was 18}d. Practically a complete clearance was made. AUSTRALIAN MARKETS. (Pres* Association—By Telegraph—Copyright.) SYDNEY,’ May 27. (Received May 27, at 10 p.m.) Wheat.—The market Is unchanged. Small farmers’ lots are occasionally changing hands in the country at 5s Sd for bagged and 5s 6d for bulk, but there Is no business in the city. Oats.—Tasmanian Algerian, 5s to 5s 3d ; white, 5s 6d to 5s 7d. Maize.—Local yellow, 6s Id; white, 5s lid ; South African, 6s Id. Potatoes,—Tasmanian, £l2 to £ls: Victorian and New Zealand. £l2 10s to £l3. Onions. —Victorian, £22 to £23. ADELAIDE, May 27. Wheat. —Growers’ lots, 6s OJd to 6s Id. Oats, 3s to 3s 3d. MELBOURNE HIDES MARKET. (Press Association—By Telegraph—Copyright.) MELBOURNE, May 27. (Received May 27, at 11.50 p.m.) The hides market is irregular. Kips are id lower, and lights in sloppy condition Jd lower. Other grades are firm at late rates. CHICAGO WHEAT MARKET. (Press Afmnmnnn Hr releanint' < emrighr i HEW YORK, May 26. Chicago wheat; May, new 170 J cents per bushel, old 161; July, 140; September, 135. May wheat advanced 5i cents in the Chicago Grain Exchange. This was due to “shorts” attempting to cover orders before the closing out of the issue. They were so anxious to obtain coverage that epeoial trainloads of wheat were bought both in Kansas City and Omaha for Chicago dealers, the railroads giving an assurance thst the shipments would be on hand by Friday; but this move did not affect the market, trading being extremely brisk throughout the morning session.—A. and N.Z. Cable. NEW ZEALAND APPLES IN LONDON. (Press Association—By Telegraph Copyright.) LONDON, May 26. The apple market is easier owing to the heavy supplies. Prices generally are from 1s to Is Cd a case below last week's sales. The Tongariro’s (New Zealand) realised from J2s 6d to 13s per case.—A. and N.Z. Cable. NEfW ZEALAND LOAN. (Press Association—By Telegraph—Copyright.) LONDON, May 27. (Received May 27, at 11.50 p.m.) The New Zealand loan of £6.000.000 at 6 per cent, at 9SJ, repayable in 1946, has been underwritten.—A. and N.Z. Cable,