COMMERCIAL.

Timaru Herald, Volume CXXIII, 17 March 1926, Page 12

COMMERCIAL.

LONDON WHEAT QUOTATIONS. Bv Cable—Press Association—Copyright. AUftti'nlian And N.Z. Cable* Association. (Received 7.15 71.n1., March 16.) LONDON, March 15. There is no demand for wheat. Cargoes arc 3d to lid easier, the result of .American weakness. Parcels are following a sharp decline in Liverpool. Options receded 6d. to Is. . , Liverpool futures. — March 10s B:]d, May 10s 10(1, July *os lOJcl. POTATO EXPORTS TO AUSTRALIA. By Cable—Press Association —Copyrljbl. Aiinn Sii anil N.Z. Calilo Aaaoc.ation (Received 7.15 p.m., March 16.) SYDNEY, March 16. It is stated that the suggestion to increase the duty against New Zealand potatoes, is likely to‘be strongly opposed by sections of the Sydney and -Melbourne trade. It was pointed out that production has declined to such an extent in Australia, that New Zealand potatoes are. necessary to satisfy the public demand. It is argued that despite the importations. Australian growers still get good prices for their produce. Agents state that New Zealand could retaliate b.v excluding Australian potatoes, which would seriously alfecfc Victoria, as at times of Heavy production, largo supplies are shipped from Melbourne to New Zealand. CHICAGO AVHEAT QUOTATIONS. Uy Cable—Press Association —Copyright Australian and N.Z. Cable Association (Received 8.15 p.m., March 16.) NEW YORK, March 15. Chicago wheat quotations. May (new) 1655 cents (old) 163:;- cents; July 1125 cents, September 1351 cents. • CHRISTCHURCH PRODUCE MARKE L. POTATOES GOING TO SYDNEY. By Telegraph—Press Association. CHRISTCHURCH, -March 16. Although sales are not heavy, farmers are receiving £0 LYs to £6 per ton for potatoes on trucks, and Alay prices range round £6. The good Sydney dcjs responlible for the increased ‘TBK, which is reflected iii prices ' for northern shipments. There is a; great I deal of difference between the Austra- - l.au trade this season and that of 1625. • Whereas Sydney buyers commenced operating last ybar near the end of the season, this year the demand has com- • meiiccd earlier, and speedier delivery is asked lor. The basis for shipments to Sydney is now £8 10s to'.CS 10s; and for northern cargoes about £7 15s. The • local crops are very free from disease j this year, the cold nights in. February 1 ■ being mainly responsible. Lato crops j are a. little straggly, and the yield m j this ease will depend largely on the; absence of early frosts. j Many farmers’ are now disposing of their grain,_ but wheat is not coming forward as freely as during the rush of] stook-threshing. Present offers are 6s j Bd, 0s 10d, and 7s f.0.b.,- for the re-1 spective varieties, with no increase in | the quantities offering. ( There is no change in the seed mar- ] ket. Rest white clover is worth lid on trucks, and cowgrass 3d to ]od. Standard cocksfoot is bringing lljd, or 7d to 7ld for farmers’ undressed linos. Partridge peas aro firm at 6s to 6s 3d, on trucks, these prices being paid to early sellers, who aro going out to cover their sales for March delivery. The price.'; quoted are above London parity, which is about 5s 9d to 6s on j trucks. 1 Sonic inquiries are being made for A j and R grade oats, but not much business ■is being transacted. Any lines offered by farmers are quickly bought j up, and-up to Is 3d-a bushel is being 1 paid for. A‘ grade quality.' 1 For Algerians there is practically no demand, as the * North Island lias sufficient for inline- I diatc requirements. Duns aro about! the same. j Not a. great deal of activity is being 1 shown in transactions in onions, which I remain at from £9 10s to £lO per ton. 1 Chaff iiriees have appreciated sharply, ! and the ruling raies are now £5 15s to! £6.

LONDON WOOL SALES. The National Mortgage and Agency Co. arc in receipt of a cable from London. as under: — The auctions continue fairly animated, with competition active for the finer grades, but lower grades are irregular. The following prices are current: — Super merino to 25Jd ; average merino .. 22d to 2'ld : fine f-bred super (56-58) ! 21<! to 2;ld. average 1 lid to 20d ; . moi dim;-. {-bred super (50-56) ISd to 20(1, average 17d to 18d : coarse f-bns.! super (48-50) 16d to 17LI. average 15.1 to I6d: line crossbred super (16-18) lCd to 17(1. average lid to 15d; coarse crossbred super (40-44) 1-Id to 15{d, average I,'ld to lldr low crossbred ■super (156-4(1) I Id to 1-hI. average 12d to 13d; pieces 12(1 to 13d; bellies 11. d to 12.Jd ; locks B{d.