COMMERCIAL.

Timaru Herald, Volume XCVIII, Issue 18084, 28 June 1924, Page 10

COMMERCIAL.

LONDON MARKETS. By Cable—Preys Association —Copyright. (Received June 27, 5.5 p.m.) LONDON, June 26. _ The Bradford .tops market is dull, with no business. Prices are nominal and unchanged. Butter has firmed in consequence ol the stcnclv consumptive demand. Australian 174 s to HRs; New Zealand JSU to 1345; Danish 1.84 sto 188 s. , Considerable arrivals of Siberian are also meeting; with good demand. Cheese is in good demand. New Zealand best 94s to 965. A quantity of faulty is offering, hut is not wanted. CHRISTCHURCH PRODUCE MARKET.

By Telegraph—Press Association. CHRISTCHURCH, June 27. Potatoes havo been the chief subject of consideration during the week. They fluttered up on Thursday to £7 55., per ton, f.p.b., s.i., for ,Ju!y--September shipment, but cased back to-day. Nevertheless sales have'been made up to £‘7. Fields are turning out light, and growers are not showing muc-h inclination to accept offers cf less than £5 5s on trucks. Oats have faded in interest, the scramble being over for the time being. Most of forward operators have been covered, and there has been such a burning of fingers that operators clear of them have shied off for the sea,son. Quotations are 5s 2d f.o.b. s.i; Chaff is not so firm as during mid week. Values on truck are about £7. THE LOCAL MARKETS. POTATOES ADVANCE IN PRICE.

Ihe chief matter of interest on the local produce market this week, has been a, sharp advance in the; price ot potatoes. The reason for the rise is subject of much conjecture. Must, ot the North Island markets appear to be very- well supplied. Rumours were* rife that there had been a marked rise in the value of Melbourne potatoes, but advices from that centre are to the effect that the market there is still dull, and' that offers are being made to sell at 85s for July.

Most of the business done locally during the week was for July delivery and August-Scptember delivery'. It is practically impossible to get orders for shipment to the North Island at anywhere near the rates for which were paid this week, and from this fact the inference is drawn that speculation was a big factor in causing the stir. As high as £6 15s to £7 t.0.b., was paid for Julv- August-September delivery. At the present moment the market is appreciably weaker than those figures would indicate, and there are more sellers than buyers. The value to-day' to growers is £5 10s to £5 15s for whites, and £4 lo.s to £5 for f.a.q., reds. Growers are still showing very little inclination to sell. So far as the wheat market is concerned, millers arc still drawing their supplies from Government purchases of Australian wheat.

Fowl wheat is in good request at full rates.

Oats arc on the quiet side. Offerings from farmers arc nil. A shipment of Canadian oats is expected here early in August, but it is not thought now that those oats will lie suitable for seed, for which there is a very good demand.

Chaff is rather weaker than it was, at £7 os pci- ton, country stations, sacks found by buyers. Chaff' is still very scarce, however, and large qualities arc likely to be required before the now crop is available. -

The linseed market is not so strong as it was. £!6 10s per ton is the outaide value of f.a.q. samples. The barley market is quiet, and 5s on trucks, country .stations, is obtainable tor good malting samples. The market for partridge peas lacks strength. The London parity is equal to about 5s on trucks, country stations for No. I s, and 4s to Is 3d for inlet ior and broken.

Cowgrass is in poor demand, the market, being adversely affected by importations of English and French seed. White clover is in better demand, for export, to the United Kingdom. Values vary from Kid to 15d. on trucks, country stations. Cowgrass is worth 9d for thoice lines, and 5d to 61d for inferior. No cocksfoot is on oiler.