COMMERCIAL.

Timaru Herald, Volume CXXIII, 5 January 1927, Page 9

COMMERCIAL.

SYDNEY WOOL SALES. By Cable—*-Press Association—Copyright. Australian and N.Z. Cable Association. (Received January 4, 11.30 p.m.) SYDNEY, January 4. The wool sales have re-opened. Prices are firm for all descriptions at closing rates of the old year. There is good general competition, chiefly from'Japan, Germaiijr, and Yorkshire. Comebacks and crossbreds ruled slightly in sellers’ favour. Greasy crossbreds touched 27d. LONDON WHEAT QUOTATION. By Cable—Press Association—Copyright. Australian and N.Z. Cable Association. LONDON, January 3. AVhoat cargoes are steady in tone. The dqfnand is quiet. Quotations are unchanged. Parcels are in moderate demand, occasionally at lower prices. Liverpool futures.—March, sellers 10s sd, May 10s 2|d. POTATOES DROP IN SYDNEY. By Cable —Press Association—Copyright. Australian and N.Z. Cable Association. (Received January 4, 10.30 p.m.) SYDNEY, January* 4. The price of potatoes has dropped bv £5 per ton. Prime Tasmanians are offering at £2l. NEW FERTILISER CO. By Telegraph.—Press Association. AUCKLAND, January 4. A new company, Fertilisers Limited, in which the New Zealand Co-operative Dairy Company and Wright Stephenson, Ltd. are financially interested, has been formed to take over Wright Stephenson’s fertiliser works at Otahuhu. BUTTER AND CHEESE. By Telegraph — Press Association. WELLINGTON, January 4. The New Zealand Dairy Produce Board has received the following cable from its London office, dated 31st .December: — Butter—New Zealand finest 174 s first grade 1725, unsalted 192, stored 160 s to 168 s; market steady*, with firm undertone. Australian, finest 166 s to 1725, fine 156 sto 1645; Argentine, unsaJtcd Jsos to 1625; Dutch, unsalted 190s’to 1925; Danish, 184 s no 188 s. Retail prilce unchanged. The German market is unchanged, but there is bettor demand. "Colonial sales are negligible. The French market is unchanged. New Zealand cheese, white, coloured, finest 94, first grade 935, coloured has since advanced to 95s to 945. Can ad urn 92s to 98s. The market is fairly active; retail price Is.