COMMERCIAL.

Timaru Herald, Volume CXXIII, 18 December 1925, Page 12

COMMERCIAL.

AUSTRALIAN MARKETS. Bv Cable—Tress Association —Copyright. Australian nml S'/., g.e'h- A (Received December 17, 9.5 p.m.) SYDNEY, December 17. Wheat-. —6s, ex trucks. Oats. —Tasmanian : White giants, ui 9d to 5s l()d; Algerian, 4s 7d. Maize. —5s 9d. Potatoes. —Old. £2O; new, £1.9 to £25. Onions.—£l3 to £l4. ADELAIDE. December 17. Wheat. —Growers’ lots, 5s 10)d to 6s. Oats.—2s 9d. LONDON TALLOW SALES. By Cubic —Press Association—-Copyright. Australian and N.Z. Cable Association. LONDON, December 16. at the tallow sales, 1217 casks were offered, and 157 sold at late rates, to 6d decline. Fine mutton, 47s 9d ; medium, 42s 9d; fine beef, 46s 3d; medium, 42s 6d per cu t.

' THE LOCAL MARKETS. 1 The cereal crops are now looking better than formerly, and under Use influence of favourable weather conditions are making satisfactory growth. There is a better demand for fowl wheat, by reason of tlio liiguer price now being asked for Australian, and up to 7s, t.0.b., sacks extra, net to growers, is being paid, for good whole. A shipment of Australian milling wheat is due to land ta Wellington early in January, and a further shipment is expected to laud at Dunedin next month. There is a little inquiry for locally-grown milling wheat, somemillers requiring it for mixing purposes, and they are prepared to pay 7s for Tuscan, 7s 2d for Hunters, and 7s -id for Velvet, on trucks, sacks extra. There is no business passing ia oats, lpit the market is steady at last week's quotations. The grass seed market is unchanged, j New potatoes, which a week ago- were, quoted at £l6 10s per ton, f.0.b., Wellington, are now quoted at £l3 10s per ton, and Timaru is at being supplied from the North Island. There is an inquiry for April delivery at £5 net to growers, and for May-Juno j delivery at £4 10s per ton. I It is not expected that there will be ! much doing on the local markets till : after the holidays. Trade at present : is quiet, and buyers are not keen to i make commitments; they prefer to clean up stocks rather than make 'purchases which would entail delivery in the holiday period. And as the distributing demand is slack, merchants can afford to take risks in the mattefl of securing supplies. The general opinion seems to be that trade will bo quiet for the rest of the month, and this •should mean a- better demand and moro activity in the New Year.