COMMERCIAL.

Timaru Herald, Volume CXXIII, 22 January 1927, Page 7

COMMERCIAL.

LONDON AVIIEAT PRICES

Bv Coble —Press Association —Copyright,

AtiMrnlian ami N. 55. Cable Association

(Received January 21, 5.30 P-U'.) LONDON, January 20. AVheat cargoes show a bearish tone. The Argentine, report, and expected liberal shipments, combined with heel oilers of Australian, led toi a quieter influence. There is little expansion m inquire, and the market closed with a decline of 3d to 6d. Six thousand tons were sold at 53s 6d. Parcels are in small request at 3d

decline. Liverpool futures. —March 10s 4Jd, AI av 10s I Jd, July 10s 2fd. Spot trade is fairly active, and the price is tending to harden. Flour is steadv. Australian, ex store 13s. Oats are steady.

Peas and beans are inactive,

,ONDON BUTTER TRAI ~

Ansi I‘olinn and N .7*. Cable Association. By Cable- —Press Association —Copyright.

(Received January 21, 5.5 p.m.) LONDON, January 20._ Butter.—New Zealand, choicest 172 s to 1.745, unsalted 182 s to 184 s. Australian, choicest ]66s to l/os, unsaltcd 170 sto 170 s. Danish. 1795. Although trade is quiet the underlone is strong in view of the quantify afloat from Australia. , New Zealand, and Argentine, namelv, 120,750 boxes, com nil rod wifli 099,320 a year ago.

URY AtARKETS. WHEAT SELLING. By Telegraph—Press ARsoclat!on. CHRISTCHURCH, Jan. 21. is now commencing toi come forward, samples of wheat, Algerian oats, perennial ryegrass and chaff having been shown during the week, but there is too big a spread between growers’ and merchants’ ideas to lead to much business. The free selling of wheat, mentioned in the mid-week report, was continued on AA’ednesday, there bpi.ng a fairly heavy disposal to merchants at 5s 6d, on trucks. Samples of Algerians and Gnrton oats have come to hand from Ashburton. and sales of Algerians have been made at 2s 3d to 2s 4d, cm trucks. Cartons arc a particularly good sample and are quoted at 2s 7d to 2s Bd, on trucks. Merchants are shy of business at 3s 2d to 3s 3d f.0.b., s.i. The yields so far are well up to forecasts. Some excellent samples of chaff have come to hand. They arc good, bright and clean, if somewhat on the lightside. On trucks quotations are £3 5s a ton.

Perennial ryegrass was offered during the week. It was very light, ranging from 19 to 2Hhs to tho bushel. Up to 3s, on trucks, is quoted for good seed.

Blight has made is appearance very early this year in seme of the potato crops. ■ It is not of much severity so far, but may develop under the conditions prevailing; in the meantime tho hulk of tho crops are looking well. Quotations are £4 12s 6d to £4 15s f.0.b.. s.i.: Afnrch-April at £3 ss, on trucks, at which price farmers are mwt in the least hit disposed to* sell. Onions are quoted at £4 IQs, on trucks, for Maroh-April. The crops look good, but blight has made its appearance to a small extent. Peas are a shade quieter than earlv in the week, and are quoted at 6s 9d to 6s lOd, on trucks.

* I EAT. BUTTER AND CHEESE Dnlgety and Co.. Timaru, are in receipt of the following from theilt London office, dated January 21 : Aleat. —Alarket N.Z. lamb weaker; demand moderate. Mutton: Any changes in price is in favour of buyers. .Market N.Z. beef nominal. N.Z. prime crossbred lamb, Canterbury 9, N.Z. prime crossbred lamb, heavy 7jd ; Australian lamb, light ?Jd. N.Z. mutton. Canterbury, light 6ifd, heavy 5-Id; North Island, light 6d, heavy sd. Pork 9d, difficult to- make progress; baconcrs steady at 7-)d. . Butter. —Danish 174 s to 1765; N.Z. Control Board minimum price, finest 1745. Ist grade 1725; Australian, finest unsaltcd 172 s to 1745, salted 166 s to 170 s; butter inquiry limited to cheaper descriptions. Cheese. —N.Z. Control Board minimum price, finest white cheese 945, coloured 955, Ist grade white 935, coloured 945; Canadian 92s to 98s.

f.IYE STOCK SALES

ST. ANDREWS. Fat lambs dominated the yarding at the St. Andrews’ stock sale on Thursday, when the following stock was sold under the hammer : Fat lambs.—26 at 22s 9d, 54 at 25r, lid, 60 at 25s 4d, 50 at 25s 9d, 113 at 24s 3d, 102 at 24s 6d, 41 at 225, 23 at 25s 6d, 37 at 245, 52 at 255, 27 at 225. 9d, 73 at 22s od, 24 at 255, 60 at 265, 53 at 255, 73 at 23s Bd, 109 at 255, 29 at 22s 9d, .61 at 2os. Fat wethers. —25 at 17s, 6 at 20s. Fat ewes. —19 at 13s 2d, 10 at 17s, 3 at 14s Id, 1 at 16s 2d, 47 at 15s. 126 at 10s sd, 4 at 14s, 13 at 17s, 32 at 18s Id, 7 at 17s. Stores. —37 m.s. lambs at 22s 6d, 67 at 225, 18 at 12s Id, 79 ewes at •’Gs Cd, 101 2-tooth ewes at' 31s sd, 131 ewes at 6s 2d, 23 ewes and lambs at 6s 6d, 100 store wethers at 20s 9d. Critic.—l cow at £6, 1 bull at £2 10s.