COMMERCIAL.

Timaru Herald, Volume C, Issue 15304, 25 March 1914, Page 7

COMMERCIAL.

DEPRESSION INV FREIGHTS: ' "^ Press Association—By Tel.—Copyright. LONDON, March 23. The International Shipping Federation is urged to retrieve the freight depression by regulation of freights. THE RECENT STORM. IN NEW SOUTH WALES. SYDNEY, March 24. Received 12.30 a.m., March 25th. Owing to the recent had weather tho telegraph communications are badly dislocated, OHRISTOHURCH MARKETS. (Per Press Association.) CHRISTCHURCH, March 24. There is no change to note in the local gram market. Odd lots of wheat and oats continue to change hands, but there is no great quantity of the former offering, and less of oats. The wheat market is, if anything, slightly weaker in .tone as millers are buying less freely. There has been no rush" of grain on the market this season, and there has been little speculation to stimulate business owing to there being no likelihood of a surplus of wheat for export and tho prospects of shipping oats to London depend largely upon whether cheap freights will be available later in the year. . Barley is very dull of sale, and there is a considerable quantity of medium and inferior grain on the market which is very difficult to dispose of. Australia has not required any New Zealand barley for the last two years, and this lias curtailed the demand to such an .extent that the Dominion crop is more than sufficient for requirements now. It is very'difficult to get more than 3s at country stations, except for very prime samples, and inferior is being offered as low as 2s and 2s 6d. There is no change in the potato market. A few sales continue to be made at £2 10s at country stations, but it is not exnected that much forward business will be done till the digging of the main crop is further advanced as growers are generally not disposed to sell at the present prioe.

N.Z. PRODUCE. IN BRITISH MARKET. WELLINGTON, March 24. The Bristol and Dominions Producers' Association have received cabled advice from London that notwithstanding a glut in the Home market owing to heavy arrivals in London, satisfactory prices are being maintained in the Bristol market, as shown by the following—"Lamb, North Island, ordinary is easier at 6Jd; mutton, 48 to 56's, average market, is easier at 4Jd mutton 65 to 72's do. do. at 4d; beef,' fores are easier at 4d, hinds also at 4M. Butter is falling. First grade 110s. Cheese, white, is weak, first grade 62s 6d." AUCTION OP TIMBER. Messrs Guinness and LeCren, Ltd., report having held a successful sale of timber on Saturday last at Waimate on account of Messrs Moffett and Co., Inveroargill. The prices ranged from 8s to 15s per 100 ft.