COMMERCIAL.

Timaru Herald, Volume CXXIII, 9 October 1926, Page 10

COMMERCIAL.

LONDON PRODUCE PRICES. fty Cable—Pres* Association—CopyrlrV Australian nn<l N.Z. Cable Association. (Received October S, 5.5 p.m.) LONDON, October 7. Butter is very dud. Despite a reduction in prices, the demand is negligible. New Zealand, choicest salted 148 s to 1:10s, .exceptionally good lots making 3525. Australian, 118 sto 150 s. I lie only demand is lor nnsalted. of which only a small quantity is avai'able, fetching 170 s. Danish butter is quoted at 182 s. Cheese is quiet. New Zealand, 82s to 83s.

GRAIN AND PRODUCE. CHRISTCHURCH MARKETS. Bv Telccrnph—Pros* A ssoni.-.lion CHRISTCHURCH, October 8. The lower values reported at midweek for potatoes were unchanged today. The Kuiapoi consignment from both Timaru and Lyttelton, when she left Lyttelton on Tuesday, was in tho vicinity of 10,000 sacks.- Some wore seed. The lvatoa is duo to sail next Tuesday from Lyttelton, after loading at Timaru, and sales ior her are oil a basis of £4 f.o.b. s.i. The Sydney market keeps steady at £ll per ton, but there is not much inquiry for tubers by the Whangape, duo to sail next Tuesday for that port. It is expected tha t her cargo wi i ho smaller than that by recent boats. Oats arc weaker. Southern quotations mention 3s lid to 4s for A. oracle .Cartons, and 3s 9d for B. grade, f.o.b. s.i. Local prices, of course, are another 4d better than this. There are few local oats of any sort about. Perennial ryegrass remains firm at 5s 9d for good weight seed. Tho Mo-’v> inquiry continues, but the margin for business is very small. Italian ryegrass also is a little firnieiv and 4s 3d f.o.b. s.i. a bushel has been paid. Clover values are unaltered, there being no outside' inquiry. Cocksfoot, which is also without life, is worth Is a lb for standard seed. STOCK EXCHANCE. By Telegraph—Press Association. AUCKLAND, October 8. Sales reported. — War Loan (1938), £96 15s; AVestport Coal, 36s 3d; Kauri Timber, 29s S|d; Bycroft Ltd., 30s; Alburnia, 4s 54, 4s Gel; Kawarau, 2s 7d, 2s 6d. WELLINGTON, October 8. Sales reported.—Bank of Australasia, £l4 15s; Bank of New Zealand, £3 »: 3d; Western Australian Bank, £2 17s 3d.

Sale on ’Change.—Bank of New Zea and, £3 2s 3d. CHRISTCHURCH, October 8.

Sales reported.—New Zealand Government, 41 per cent, inscribed (1938), £9O 12s 6d, 5) per cent. inscribed (1933), £IOO 7s Od; Royal (£4 paid), £7 2s 6d; Staples Brewery, 37s Od, 37s 9d; Whitcombo and Tombes (cum. div.), 71s. Sales on ’Change.—New Zealand Government 5 per cent, inscribed (1927), £99; Western Australian, 57s 6d (3 parcels) ; Kauri Timber, 29s 9d; Henry Jones Co-op., 49s 9d. DUNEDIN, October 8.

Sales on ’Change.—Union Steam, 20s 3d; Paper Mills, 18s 9d, 18s lOd; Bank of New Zealand (cum. rights), 02s 6d (two) ; St. Bathans (B. issue), os premium. Sales reported.—Bank New South Wa'cs, £45 «ss; Kaiapoi Woollen (prof.) 14s 6d; Grand Junction, 2s 2d; Mount' Lyell, 27s 9u.

PROPERTY SALES. Yesterday Dalgety and Co. submitted to auction, oil account of Mr James Median, liis “Wyalong” farm of 103 acres at Kingsdown. The property had been subdivided into lots, ranging in area from 1 to 18 acres. Lot 1, at corner of the Main South Road and Talbot’s road, 'containing one acre, was first offered. The bidding opened at £3O and ran to £57, at which figure Mr W. Jackson (Scarborough) was the purchaser. Lot 2, adjoining lot 1, oil tho Main South Road, and containing 1J acres, was also bought by 3lr W. Jackson. In this case the bidding started at £4O and reached £62. For lot 3, containing 1£ acres, facing Talbot’s road, the bidding started at £4O, and went to £7O, at which figure Mr Jackson was again tho purchaser. Lot 4, 1} acres, on Talbot’s road, was passecl in at £SO Lot 5,3 J acres, on Talbot’s road, was passed in at £95. For lot 9, 9 acres, on Daniels’s road, flic best offer was £IBO. but tlio auctioneer declined to consider this. Lot HI. adjoining lot 9, was passed in at £2OO. For lot 01, 9 acres, there was no bid. Lot 15, 5£ acres, at the junction of tho Alain South Road and Daniels’s road (the block with a bhiogum plantation on it), the best offer was £220, and at this figure it was passed in. It was decided, at this stage, not to offer any more sections by auction. Tbe same firm then offered a farm of 93 i acres near Makikihi, being part of the Makikihi swamp. Ridding started at £ls per acre and ran to £22, when the auctioneer announced that a little more was wanted.