COMMERCIAL.

Timaru Herald, Volume CXXIII, 8 October 1926, Page 10

COMMERCIAL.

PRICE OF HIDES. Australian and N.Z. Cabla Association By Cable- -Press .Assoelatloii —Copyrlitb*. (Received 10.30 p.m., Oct. 7.) MELBOURNE. Oct. 7. The hides market is slightly easier though values are unchanged.

AUSTRALIAN MARKET. *y Coble—Preoo Association —Copyrlebt Australian and N.Z. Cable Association. (Received 9.35 p.m., Oct. 7.) SYDNEY, October 7. AVheat is nominally unchanged. Country lots 5/10 nett, 6/5 ex trucks at Sydney. Millers’ parcels 6/9. The flour position is at a standstill. Export quotation £l4/10/C.0.b., but there are no orders, and £ls/10/- for local delivery. Oats.— Tasmanian Algerian 5/-, white 5/- to 5/3. Maize. —Local and South African 6/6. Potatoes. —Tasmanian £l2 to £l7, New Zealand £ll. Onions. —American £23. ADELAIDE, October 7. Wheat. —Growers’ lots 6/2 to 6/3, parcels nominally 6/oJ and 6/6. Elour.—Bakers’ lots, £ls. Oats, 3/-.

THE LOCAL MARKETS

Business during the week has been extremely quiet-* there being nothing of any great interest to report. Potatoes. —The Auckland and Sydney recent demand having been satisfied,

the market is quiet ami. showing a decided weakness. Shipments from this part during the past three weeks havo been particu.arly heavy for this time of the year, showing that the opinion expressed by those who had taken a rough stock of available supplies, that there would unquestionably be a surplus this season, was fully justified. The s.s. Kaiapoi lifted 7446 sacks from Timaru and 2900 sacks from Lyttelton, of which there should be 9000 sacks of tables for the Auckland market. These I wi 1 be discharged at Auckland on the 10th inst., and should keep the c-ity supplied until the 20th, after which the demand for old potatoes will diminish rapidly, owing to the availability of the new crop. The s.s. 'Whangapc- is dut to complete loading for Sydnoj' at Timaru on Monday next, and will probably lift over 3000 sacks. Dunedin is buying in small quantities from South Canterbury, and although the requirements of that centre cannot bo large, the effect of such buying is to maintain fanners’ ideas of values, unless (he new crop at Auckland receives a severe setback by shape of • frost or blight, it would appear that • a fair quantity of potatoes will bo i tipped out by growers who will not accept the ruing price. Whites are worth £3 on trucks for North Island trade, though merchants with orders to fill have been obliged to pay £3 10s; at the latter price further shipping orders are not available, however. Maori Chiefs and Dakotas are worth £2 10s, and redskins £2 ss. Seed potatoes.—Business in these is practically ovcv now. Wheat.—Soufli Island millers will not now pay the price lately asked by holders, and generally speaking there appears to bo ample wheat held to carry on until harvest. Some millers say that they have too much on hand. Very little is now in the hands of growers, most, of whom took advantage of the high price of Ss to dispose of whatever they had on hand. Tuscan is worth 7s 4d, and Hunters 7s 6d, on trucks, countr.v stations. Fowl wheat is worth 7s 4d, on trucks, sacks extra.

.Oats are weak, with very little business doing. A. Cartons are quoted ar .3s Gd, and 13’s at 3s 3d, on trucks, sacks extra. Chaff is worth 5s Id for good bright quality, sacks found b.y buyers. In peas, linseed and barley there is no business to report, and quotations are only nominal.

Ryegrass and clovers of superior qua ity are still inquired for, though fire bulk of the local seed offering is unfit for export. Cowgrass No 1 quality is worth 9d per lb, whilst 2nd grade is worth 7d to 3d. White clove is worth lOd to lid. Any business that is being done in rvegrass is practically confined to machine-dressed lines, as merchants‘for the most part are holding more than sufficient for their requirements, and are disinclined to purchase farmers’ lines, except at very Jow money.

The rerent rains will be of great benefit to the country, and all crons will materially improve. STOCK EXCHANGE. By Tefcsranl'- -Prosi Association AUCKLAND, Oct 7 Sales reported.—Rank of New o\ /Y al -,cf-, £46 . /,5/ '' Ele ctrolytic Zinc 34/9; Wilson s Cement 33/6; Kawarau 2/6; New Waiotahi (cont.) 1/7, DUNEDIN, October 7. Sales reported.— National Insurance 8 0/-; ICawarau 2/6 (three!. FLOUR AND WHEAT PRICES. Mr A. Thorcau, secretary to the Farmers Union, received tile following irom the Department of imlustries and Commorce, the prices ((noted lor wheat being lor new season’s wheat tor export :— ■' l'lour: New South Wales advanced Ul.s, local £lo 10s. South Australian: Local £ls. Offals: New South Wales, reduced to £0 10s and £8 10s Victorian, £7 15s and £0 Ills. South Australian, £7 Ids and £9 10s. Wheat sales: London, equivalent 5s 9d, f.o.b.