COMMERCIAL.

Timaru Herald, Volume CXXIII, 30 April 1926, Page 4

COMMERCIAL.

AUSTRALIAN MARKETS. By Cable—Press Association—Copyright. Australian and N.Z. Cnblo Association. (Received April 29, 9.50 j\Tn.) SYDNEY, April 29. The wheat market is firmer, but quiet. Buyers are offering 6/3 ex trucks at Sydney, or 5/S for bagged grain at country sidings. Oats. —Tasmanian 5/5 to 5/7, Algerian 4/9 to 5/-. Maize —Local new season’s yellow 5/7, white 5/5; South African 5/7. Potatoes—Tasmanian £l2 10s to £ls; New Zealand £ll to £l2. Onions—Victorian £2O to £2l, New Zealand £IS. Swedes —New Zealand £l2. ADELAIDE, April 29. Wheat, growers lots G/l. Oats—3/- to 3/3. . SYDNEY WOOL SALES. By Cable —Press Association—Copyright Australian and N.Z. Cable Association (Received 11.20 p.m., April 29.) SYDNEY, April 29. The week’s wooi sates c’osed With prices at the highest point for tho week, with a demand specially keen for tines allowing fineness, with a hardening tendency. Greasy merino, touched 283 d per lb. THE LOCAL MARKETS. Wheat is firm, and sales have been made during the week at 7s, is 2tl, and 7s 4d on trucks, for Tuscan, Red Chaff, and Velvet, respectively. It should bo said, however, that buyers are not numerous at these prices, and millers are only buying to fill immediate requirements. At least one local miller has stopped buying for the present. Threshing is practically finished now until the spring, and while the weather is good for carting most holders of wheat in the_ country seem inclined to sell, recognising that prices now offering are good. There is practically nothing doing in oats locally, most of the shipping orders going to Otago and Southland, where the price is lower than it is in Canterbury. There is a rumour that a shipment of 10,000 tons of oats is to be sent from Valparaiso to Auckland, and if tills proves to have a solid foundation it will further depress the market. To-day’s quotations are 3s 6d for A’s and 3s 4d for B’s. Tho value of oaten-sheaf chaff remains at £5 to £5 ss, on trucks, for good bright. There is practically no demand from brewers for barley, and the market lias an easing tendency. Best lines are nominally worth ss, on trucks, though they are difficult to dispose of. .The linseed market is unchanged. Farmers generally are realising that the overseas market is against them this year, aid are quitting their stocks. To-day’s quotation Is about £l3 oil trucks.

Prompt delivery partridge pens rre very firm, and are worth (is Gd, on trucks for No. 1 quality. Tho local cyop is not a very big one, and tho quality on the whole, is not ns good as could be wished, there being a fair proportion of out-of-condition peas offering. These do not command the highest price, as they are not fit for Homo shipment. The ryegrass market is particularly weak, and it is now apparent that Gere is too much available in New .Zealand for this year’s requirements. Standard machine-dressed perennial. ! offering in Southland at 5s 4d f.0.b., but Canterbury seed of high '•mination is worth a little mrre. There is very little demand for clovers which are worth 9d to lOd for fa rulers’ good, clean dressed lines. Cocksfoot is in poor demand at 7d to Bd.

Heavy delivpHes of ' Tasmanian, Victorian and New Zealand potatoes in Sydney have caused a. further drop there, with the result that somo Sydney speculators in potatoes are reselling at a loss. One New Zealand merchant lias bought back a line on which the Sydney purchaser lost £2 2s a toil. Auckland is beginning to show a little interest in the market now, and several orders were .l ooked for shipment by tho s.s. Kurow) which loft Timaru last night. The revival of business with Auckland is fortunate in view of the fact that digging has now started in earnest, and if there wore no outlet for the tubers tho nositlon would ho serious. The value of whites is £6, for prompt •Delivery. and £5 Iss for Dakotas. Forward delivery prices are lower. A small shipment of about fiftv tons will go to Sydney from Timaru by the s.s. Karntu to-morrow, rind it is expected that the quality of those null bo considerably better 'than that of tho shipment, mode at Lyttelton by i s.s. Ivawatiri.

STOCK EXCHANGE.

By 'Telegraph—Press Association. AUCKLAND, Aju-il 29. hhles.—-Biinlc of Now Zealand 60s 9d ; Aciv Zealand Insurance 39s 3d: Auek--9') R /? :lS ‘"f 9d; Bartholomew Timber Iq"’° !lcs ) 1 Zealand Brcwer't 9 * 011 lls 9(1 (two sales); Wilson’s Cement 35s 3d; Alburma Consolidated its 3d, lls 6d, (al, 9s 3d, 8s 9d, Ss 6d, 8s 3d Bs, ,s 9d, is Cxi, 6s 9d, 6s 6d, 6s 3d 6s, 6s 9d (first call), 6s, 7s, 8s 7s 7d’ g* Lf’l ?’’° S i 9tl, m 7d ’ Cs £d >’ 6s 9cl > 6s lOd (second call), 6s Ud, 7s 9d, 8.4 (turd call); Moanatainri 2s 6d (two sales): Ivawarau 7s 3d; Luckv Shot contributing 9d (two sales), 1 Oc'l - New AA aiotahi contributing Is 3d (two seles), Is 4d, Is sd, Is 7d, Is Bd, Is CHRTSTCHUBCH, April 29. Sales reported —South British TnsurvTwVfr1 Ne ' v , Z^ ,land Insurance 39s 3d; Goldsbrough Mort 48s 9d, 48s &L ; r ? a] ?" <l Ijl'cweries 58s, 57s 6d, •?S S < ffM’ 5 , 8 1 s > «'» 9 ‘*. 57s 7d; New AUiotaln Is 4d, Is s)d; Burns Philp Sales on ’Change.—-Christcburch Gas L7 S WVV/ S ' a,K V- ]5i , u . l! V ( 0,,nl - div.) £1 J/s (two parcels 1 ; Lnion Bank Cls Is (hve. parcels); AYestcrn. Australian Bank (cum div. 575; South British Insuranee 06s; Goklsbrough Mort 48s Zeilla,K Refrigerating (eont.) 8s Id (t o parcels) ; A\ostport Coal 36s Id ; Perdriau Rubber (five „| s ) , u DUNEDIN, A]iril 29. Sales reported.—Kawarau 7s 3d (two parcels). v