COMMERCIAL.

Timaru Herald, Volume CVII, Issue 165563, 15 June 1918, Page 8

COMMERCIAL.

3111E LOCAL MARKETS. Offering-; of vheat have been sparse during iho we:k, and all Miitablu lines arc being readily taken by millers. Tho demand for foul wheat :s hardlv so good as it, lias l-o-n, owing, it is said, U> importations from Svdnev, these cosiing al.out C> per bushel landed at North Island ports. Growers are vrewing the position with a good de.il of misg'ving as tli's pr:ee. is considerably be-on- the f.o.b. value here; and i'. is considered likely to interfere with tho five market promised lor next mason's crop. It is understood that tho Board of Trade are looking into retail charges lor small parceis of wheat, «m the giound th;ro ilu-y are too b-gb, particularly in the North Island. Oats are dull, and values locally aro purely nominal. Carious arc worth I'.om -is to 4s lid, on trucks, at stations, Duns of prime <|iiality would command 9d lo os, and Algerians arc oil' tho market. Oatsheaf chad' business is dull owing to lack of shipping space. Stl's could be made of almost any quantity, to tho North Island it freight were available. Quotations, In the absence of business :;ru nominally £."> to £."> 10s for good quality, and £"4 to £4 10s for discoloured end light. There is no drmaud for straw chaff, except in very small lot.<> for th--> retail trade. After a perod of inactivity, the potato market is showing a firmer tendency. and sales have been made of j fairly large quantities, for Jrjy shipj meins to the North Island. Reports coming _to hand from consuming (cntrrs in the North island, however, irdicato glutted markets there at present. and further importations ;-ro duo to arrive from Australia. The drmaud for prompt delivery is practically n:!. snd it is thought that tho glutted state of the markets mentioned may continue for some weeks, after which it is possible there will bi> a keener demand for locally grown tubers. The forward business recorded has beer, purely speculative, and has been negotiated on the basis of about £6 to £6 5s per ton. on trucks, _ conn try stations, sacks included. Inquiries for seed potatoes have commenced. "Cp-fco-Dates silling at> (.'•") i~t £'s 10s, and Gamekeepers at £4 10s per ion, on trucks, country stations. Early varieties are eagerly sought'after, and are very scarce. A few lines of white clover are still offering, values ranging from Is 3d to Is bd p. x r pound. 1 lie crop of red clover tliis season may be characterised as a failure. No lines oi importance have been on olfer here, though there may lw a few patches still to be shelied.

CLEARING SALE

AT CLENITI. jTlio Canterbury Farmers' _ Co-op., association limited, report having held a most clearing sale yesterday at Gieniti on account of Mr A. E. 1\ Chapman. I'here was a very lavgi niUMubnce, rviul bidding was brisk thYoughout. Appended are some of tlio principal sales: — Diiry cattle, second culver £'2o. third cahw, £lO 10=. frjiptli -elvers £l7 10s. £<D3i calvers £l>. heifer £< HK tlir-v calvrs a-. :i^: Horses— Geldings. S years £23. 6 voars £l3 10s. aged £l2 10s, mare / wars £lO. 3 year filly £l6 10s. 2 year "unbroken filly £l3. pony mare £9. Implements, etc.,— Separator £lO, cultivator £lO. d. f. pVniah £2l, d.se liarrows £6, binder £l9. drill £i. NORTH CANTERBURY PRODUCE. Per Prosa Associu".:."-n CHRISTCIITJRCH, June M-Tlu-re is very JLttle bu>ines.% doing locally in gran and odd lo:« of •vhea'aro coming to hand, and there is a "ood demand from North Island millens who have not yet Tilled vheir warrants. Most of I lie business prising m oats*«h:»s been in re.sales of stocks purchased hi tlie South, there bMng practicallv no white oats ottering locally. Tiie demand for Algerians is slack and they are nominally worth 4s •4s Gd .-it country stations, according to quality. : Potatoes liavo advanced cn accountof a beiAer demand from the North and sales have boon made a: C 5 7s Gd to £5 10s. at country -v'-a-i:ons. There is a fair fjiianiiiy of lieavy nrrdiue. esp?oially o.'.ts ruul po'atoe*. being sliipptwl north, but it. is still difficult to obtain space for nat)sht>n£ c'laC. and 'the market far this is dull at present, a.'though merchants would take any lines of pr'me that, offered. White clover seed is a lit":., firmer' \:i price, as growers liar-- declined to sell since values d el'ned. There s a wide range in <|iwlity. and price* are now firm a;- Is I>l to Is Od. Red c'over is :i Jit:. 1 ;* eas : "-r. and bnvcrsi "re "c: w'tling to give more 'th*i.n Is Gd.