COMMERCIAL.

Timaru Herald, Volume XCVIII, 9 May 1925, Page 9

COMMERCIAL.

LONDON PRODUCE PRICES

By Cable—Proas Association—Oopyr’gbt. Australian and N.Z. Cable Association

(Received May 8, 8.50 p.m.) LONDON, May 7,

Butter is quietly steady. New Zealand, choicest palled 170 s to 1725, exceptionally choice 1745; uni salted 172 s to 1765.

Australian, choice salted 160 s to 1625, nnsalted 162 s to 1665.

Cheese is dull. Now Zealand, coloured 95, white 965; Australian, coloured 925.

WHEAT PRICES FIRMER. By Cable —Press Association—Copyright. Australian and N.Z. Cable Association (Received May 8, 8.50 p.m;) LONDON, May 7. . Wheat cargoes havo firmed by 6d to Is, owing to the strengtli of American and Winnipeg advices, and better inquiry in Australia, in which good business has been done. Parcels show a fair advance of. 9d to Is’. Liverpool futures: May 12s 3|d, July 12s 3sd, October 11s. Spot trade shows -fair business, and prices generally aro higher. Australian ex-store 60s to 625.

LONDON WOOL SALES. By Cable j —Press Association—Copyright. . Australian and N./J °nbls Association (Received May 8, 8.50 p.m.) LONDON, May 7. At the wool sales there was a rather better tone for merinos, due to improved Continental competition. Other sorts were unchanged. A New Zealand dip, “Craig Lickhart,” cold at 28d (top), 24d (average). Bradford tops (crossbreds) are .quiet. There is better ’nauirv for merinos: 64’s 51d: 60’s 4Gd; 56’s 34d; 50’s 29d; 46’s 22!d; 40’s 20d.

WHEAT PRICES. CHRISTCHURCH REPORT. By Telegraph—Press Association. CHRISTCHURCH, May 8. Wheat is dominating attention in tho grain and produce trade. The meeting at Ashburton, on Thursday brought the- two parties much closer together, and there is a general feeling that a workable scheme for a guaranteed payable price, at least for next season, has been evolved. Tho price agreed upon is understood to bo two or three pence per bushel less than (be an-nm-cd price for this season’s wheat. Wheat is being offered freely at the arranged prices of 6s 8d to 7s. Fowl wheat is slightly easier.

Oats are firm, but business is very dnll. A. grade pro worth up to 4s 6d f.0.b., s.i., and U.’s 4s Id. equal to 3s 0d and 3s 3d respectively.

For peas, quotations aro 5s on trucks.

White clover has taken a forward turn, and buyers arc paving up to Is 3d, and in cases Is 4d . for best samples. These prices, however, nro for superfine stuff. Average quality is quoted from Is to Is 2d. Red clover is being offered sparingly, but machinedressed seod from Blenheim has been sold at Is lb, equal to Od to growers. Peas showed a spasm of life during (he week. Quotations are eg trucks. There is no ehoo'ge in cocksfoot-. The potato market is vo-b-r. Farmers nro now being offered C 3 5s to p.q 10s on trucks, but no business worth (--peaking of is taking place at these prices.