COMMERCIAL

Timaru Herald, Volume XIIIC, Issue 14211, 30 May 1910, Page 5

COMMERCIAL

DECLINE IN WHEAT. j fPi'OSs T'J 1 f:^h-L' 1 j)%■ i'i f 11c LONDON- May 27. There was a sensational decline ia prices in tlie Chicago wheat market, following oil tlio private settlement of May contracts. May options declined u£. and September options 4$ on tlio unloading of -5,000,000 bushels by holders Mr Patten was a heavy seller of September wheat. The Home wheat markets are declining steadily owing to the contiiuianco of favourable crop prospects in Europe and America, the large shipments and

tiie imports exceeding consumption and reouiremeiiis. The Indian crop for 1010-1011 is estimated at 42,000.000 quarters. Chicago July wheat is quoted at to 90 i. There is little inquiry for cargoes. Holders are asking 33s 3d; Adelaide and Victorian wheat by sailers, Jamuu'v-Feh-ruary shipment, 32s 9d; New .South V. ales February shipment, 335. There is a small trade in Australian spot lots at 3Ss Od. Two Australian cargoes have been sold at 32s Od.

Rabbits are neglected, and prices are unchanged. Shippers are asking 13s for 1 ;irge SjCsieys to arrive iti A ugnst, 14s' for September and 15s for October. The trade consider the prices too high.

Sheep are unchanged in price. Canterbury lambs, light and medium, 'i 52d, heavy ssd iNorth Island s>d, sej lected old : beet, foreq tinners 4i ; d, , Jiiiidqur.rteis sd. -Australian sheep : are unchanged in value; lambs, best brands, -kij, l'air quality 4i.Vl, inferior ; uuainy, Hullo ottering; beer, forequarj tors; l]d; hindquarters. 4>d. Plate j sheep, heavy Sjjd; light, 3-J-d; beef, j foiequarters, 42<i; hindquarters, sa; i lamb is unchanged. All classes of i b<?t ' f ai '° very scarce, especially chilled. , 1 lour is slow ot sale; patents are of- ) fenng at 2on spot at Glasgow, and 27s for Aoril-May-June shipments. Oats are quiet: La Plata, June-July shipments, 12s Od. Tlie butter market is dull; Danish i and Australian is unchanged : New (Zealand choicest 104s to 106s per cwt. ! The Agents-General of New South Wales, Victoria, and Queensland inspected panels of milled butter boxes with the original marks carefully preserved, which were, traced to a large London ill-111. 'Hie Agents-General decided to recommend a criminal prosecution. M.gar—German 15s per cwt; first m,\!-' •: 17s 4d. 1 ice Bradford wool market is quiet and cheerful, but- prices are unchanged. Ihe New Ze-aland Trust- and Loan Company s profits for the vear are £20.805. A dividend of 5 per cent, vas declared, and £'18,805 carried forward. The directors are negotiating for the company's final liquidation. _ The Canterbury Farmers' Co-opera-tive Association Ltd are in receipt of the following cable from their London ; Office under date, May 28th, 1910: — ; '"Mutton.—The market is steady, i LaniK-—Prime Canterbury light. sijd j per lb; medium, sid; heavy, sid."