COMMERCIAL

Timaru Herald, Volume 170, Issue 170205, 1 May 1920, Page 2

COMMERCIAL

WOOL COMMANDEER. QUANTITY NOW HELD. Au»tralku and SX.Z- Cable Aaaaliy ■Uiiectnc ielegr^ab.—Coyyngiu. Received 7.50 p.m., April 3Utii. LONDON, April 2i). Ia the House of Commons rvlr iLopa stated that the Government's nnso..i s Locks of Australian and New Zealand, wool at 31st March were approximately 527,00'.) bales, and the quantity xne.i. afloat was 272,000. while 1,900,000 hak'd were awaiting shipment.

PETROLEUM PRODUCTS. SYDNEY, April 30. The Commodities Commission granted the Vacuum Oil Company permission trj increase the- prices of kerosena to 18s fid per case, Y>enzoline to 30s (>- . benzine to 27s 6d, motor spirits Ji> 2Ss.

LONDON. April 28. The chairman, addressing Cunard shareholders, predicted a. great srump iu freights shortly. The companies were ready to face the storm, and ho hoped, ifc would come soon, to chock rising prices and wages and prevent ;l further fall in the sterling. Ho stated that eleven Coiiard stern-.-ers are under construction, all oil burners.

THE LOCAL MARKETS. Milling wheat is in good demand, unci it is more apparent than ever that there ■will be a considerable shortage. Miiier:s are becoming anxious to make up- '-heir season's stocks. Prices for May are: Velvet 7s red chaff ,7s 6}d; Tuscan 7s 3ld, all f.o.b Timaru. Fowl vhcac is still in keen demand. On. account of the restriction of price business is impossible, as millers are taking, second! class wheat at full rates. Oats are quiet all round, and there are more offering than the market can take. North Island mereliantsyliaye stopped buying on account of the' railway strike. Values are about the same as la-st week —Gartons 4s 10A;tO qs s duns 5s 3d to 5s 6d, at country stations, sacks in. ' , .. Oat sheaf chaff is dull, the value at country statieus being £6 10s, buyers' finding sacks. Potatoes are still weak, with a downward Tendency. Christchnreh merchants are quoting lower than Tiraorn can offer to sell at.°and business is consequently going in that direction. V Partridge peas are in cie*nand fo r *-1® NcrUi island and Australia at Ss to <_3 fir! nor bushel, sacks in. . For occd n'ump bsrlev there is a goort drninnd at Bs6d to 9s at stations- Already buyers are offering for next sea-' son's crop , Linsesd has- suffered a bi<z slump, ana is not worth over £3l. wdks extra, atf stations, for average civility. It k 1 -o-tod that a sale of 2303 tons «f cutt i 1 iiiseed has been, made to Sydney at £3S. e.i.f.. sacks in. _ i There has been a drop m red clover and cowgras" scfl nwiiv toiler o?*otalions • frorn the' TJhitod l-nid. White clover has not- >? the same extent- Cowgrass _:> nd r*~a clover are emoted at 2s to 2s rw \ -white at 2s 6d' to 2s 9d per lb, from the sheller.