COMMERCIAL.

Timaru Herald, Volume CXXIII, 21 January 1927, Page 7

COMMERCIAL.

NEW ZEALAND BUTTER IN

SYDNEY

Bv Cable —Press Association —Copyright. Australian and N.Z. Cable Association.

SYDNEY, January 20

Jn the Assembly the Premier promised to bring to the ot the Act-ting-Primo Minister the question ot protecting New South Wales butter producers against the competition oi New Zealand butter, which could be sold at a lower level than the pt ico fixed for local butter by the recent producers’ conference, winch decided thai. Is lid was a reasonable price for butter produced In New South Wales. « CAT, cun’A TEA SALES. By Cable—Press Association —Copyright. Australian arid N.Z. Cablo Association. CALCUTTA, January 19. At the tea tales, a large proportion of the offerings were poor, stalky descriptions. Except tor the better classes, which were in Rood demand al late rates, competition "'ns slack, prices declining one half to two annas. Average prices were : —Commonest lent, annas 6 pieces to 9 annas 0 pieces.

monest broken leaf, 7 to 8 annas; ordinary common Pekoe Souchong, 8 to 9 annas; lowest even leaf Pekoe, 8 annas (5 pics to 9 annas 0 pics.

LONDON WOOL SALES. j> y Co 1)1 c—Press Association. —Copyright. Australian and N.Z. Cable Association. LONDON, January 19. At the wool sales, a good general selection met keen competition. Opening rates were fully maintained The New Zealand clip leaks sold at IGd (top). Jod average. Oweta ltd (top), 17d (average). T HUi (top) IGd (average), fine farm 231 d. AUSTRALIAN MARKETS. By Cable-—Press Association —Copyright. Australian and N.Z. Cable Association. (Received January 20, 10.40 p.m.) SYDNEY, January 20.

Wheat. —The market is depressed, 4/71 being offered at country stations , equal to 5/2J, on trucks in Svdney. Flour, £l3. Maize, S/2 to S/3. Potatoes, Tasmanian, £l9 to £2O; Victorian £IS. Onions, £9. ADELAIDE, January 20. Wheat, growers' lots 5/li to 5/2. Parcels 5/31. Oats, 2/4 to 2/G.

THE LOCAL MARKETS. There is a continuation of quietness in the local grain and produce markets as far as shipping business is concerned, but in some parts iarmors are busy cutting earlv oats, and it is expected that the wheat harvest wilt commence in about a week. North Canterbury reports that a few crops have been harvested, and cutting will be in full swing there next week. Very little has been done locally with wheat during the week, and prices are about the same as last week. Most millers are fairly bare of wheat stocks, and it is expected that the first lew deliveries will be worth 5s fid to 6s, (ii trucks, sacks extra. after which no doubt, values will settle down to 5s 6d. Oats are still the same, sales having been made for delivery spread over the year at 3s f.0.b., s.i-., lor B grade, equal to about 2s Id, on trucks, to farmers, sacks extra, while A grades are estimated at 2d to 3d more.

Chaff lias boon quoted at £5 ]os f.0.b., s.i., equal to £3 10s on trucks. This price is not considered attractive by local growers. The potato crops have improved considerably during the last few weeks, and it is expected that the yield will be well up to the average, if nothing interferes. The forward market has eased back, and sales have been ipnde at £-t 15, 5, f.0.b., s.i., equal to about £3 15s. on trucks, to farmers, during the main digging months. The crops are all looking very well, although it is not impossible for blight, to develop about February, which is the month when blight may be expected. The prospects for ryegrass are not very bright, as the prices have not been an encouragement to its production. It is not expected that much ryegrass will be threshed this year. One sale has been reported at 2s, on trucks, for new' season’s Italian.

There is nothing tr< report in the parley and linseed lines.

STOCK EXCHANGE.

By Telegraph—Press Association. AUCKLAND, January 20

Sales —War .Bonds 1930 4J per cent. £97 10s;'New Zealand Breweries Debentures 24s (id, Bank of New' Zealand 595: National Insurance 745; New' Zealand Insurance 37s 6d; .South British Insurance 56s Del; Northern Steamship 13s; Wilson’s Cement 355; iVoanataiari (contributing issue) Is 4d : Kawarau 3s 9d ;* New' Waiotahi (contributing issue) Is 4d. Sales Reported—Bank of New South Wales £47 2s 6d; Kawarau 3s 9d (2 parcels). Sales on ’Change—National Insurance 74s (2 parcels) ; Goklsb rough Mort 7,05: Wilson’s Cement 355; New Zealand Bofrigcr (10c paid) 6s (2 parcels) ; A shburton (las £5; British Tobacco 52s 9d (2 parcels) ; Christchurch Gas 265. 25s lid. DUNEDIN, January 20. Sales on ’Change—Milburn l.ime and Cement rightsi 3s lOd, 3s lid (two). Sales Reported —Bank of New' Zealand 595; National Insurance 745; 'Electrolytic Zinc ford ) 37s ljd. 4i pci' cent Bonds (1930) £97 10s; 5£ per cent Soldiers’ Bonds (1933) £101; Staples Brewery 39s 6d: New Zealand Refrig. (cont.)'Os .three)

LONDON WOOL SALES,

The National Mortgage and Agency Co. report having received the following cable from their London office: —•

The auctions opened here to-day with a large attendance of buyers, and keen competition. Compared with the closing rates of last sales we quote:—■ Greasy merino, best Id dearer, average Id dearer, 50-56’s Id dearer, 48-50’s id dearer. Other wools, no change. Competition active for finer grades, but lower grades irregular. Slipe wools are selling better. Prices generally showed little change.