COMMERCIAL.

Timaru Herald, Issue 170269, 14 July 1920, Page 5

COMMERCIAL.

MONEY TO SPARK. '1 ' INVESTMENT BOOM AT ILO.fcVE".' :| i ■« By Electric Jele^rapu— • ij Australia u ami Lt.'A. Cable Avsn. ; | LONDON, July J3 r ■;.| During the first six mouths of 'LS2O, ! \ there nvti'rc olid new companies regis- g tered, with a ea|;ital of a;I4S,?HS.U..'O, ' | surpassing the record lor the beeond j half oi ttto year 11)19, when the regis- j trations numbered oli-i, with a capital j of £252,734,000. New textile com- I paiiies number GSS, witii a capital of i j IMPERIAL 'CONTRACTS. J MELBOURNE, July 13. ! llie Imperial Uovernment has can- I celled the cheese and butter contracts j ! from July 1 and 31 respectively, 'the new butter contract will start on. August 1, the price beiug £l2 per cwt. .; DOMINION'S AVKBAT SUPPLY. j

(Per Press Association.)

CHRISTCMTTRCH. July 13.

At a. meeting oi. the "Wheat Irade Committee held in Christnhurch. it was resolved that si deputation consisting. of Messrs Jones and Pitehener, M.P.'s, Writers (ehainuau of " t lie Duuediu "Wheat Trade Committee), a'nd Ale Donald (chairman of the Board of Trade) should interview Ministers in Wellington to-morrow»nvid discuss the wheat position with. them. From tin- figures ' at present available showing the possible supply it is clear, Mr McDonald stated to-night, that there is no need to" take alarmist views ril the situation, till next Fchruary. There is ■•uough, in. sight to keep the .Dominion, going; till then. '.

OHRISTCHURCIT. PRODUCE MARKET.

The inactivity in the. grain and produce market continues. Reports coming in point to a considerably snbatieeu wheat area being seeded in Canterbury, i The oat market' is somewhat* puzz-; ling. There is not much inquiry from ' the north at "present, and the firm holding' here indicates that merchants arc- confident, of the future. Thg oom-! purativo absence of growers'. -jftDrs is taken to -suggest a greatly increased use of oats tor fowl feed. For Sparrowbills up to 5s Sd at country stations has been paid for this purpose. The bottom may be said to have | dropped completely out of the potato market. A. number of farmers are reported to bo leaving potatoes in the ground, this saving the cost of pitting, which, "with rcbagging, cannot bo done under 30s to £2 per ton. The present price'does not justify this outlay, and it is reported that growers are thus '•cutting, their losses" forthwith. Business for September delivery lias, been offered at £4 10s, s.i., f.o.b.

HOME WOOL MARKET

Received 10.30 p.m.. July 13th. LONDON, July 12: At the wool sales prices arc unchanged. There are heavy withdrawals.

The Bradford market is slightly more active, but quotations are lower. .