COMMERCIAL

Timaru Herald, Volume CXXIII, 19 March 1927, Page 6

COMMERCIAL

LONDON WHEAT MARKET.

By Cable—Press Association —Copyright.

Australian. and N.Z. Cable Association. LONDON, March 17. Cargoes are fully steady, owing to tho improvement in America and are occasionally 3d higher. Parcels aro in quiet demand; ex Port Hacking 535, / ex City of Hankow 52s 9d, ex an unnamed vessel loading early in April--638. Liverpool futures—March 10s 7RI, May 10s 3RI, July Is 3d, October 10s ogd. Spot trade —Quiet. Australian ex ship 56s 6d. Flour is dull. Australian ex storo 39s 94.. t [ LONDON WOOL SALES. ' Australian and N.Z. Cable Association. By Cable—Press Association—Copyright. i LONDON, March 16. At the wool sales there was a splendid selection of greasy cruss-brcds, a good selection of merinos, and a limited supply of other sorts. There was keen . competition, and opening rates were fully maintained. New Zealand Te Hoe, top 16d, average 15d; Dungree 27d and 24d; Akitto 20d and IBd. LONDON. March 17. Opening rates were fully maintained under good competition. New Zealand Mars top, 15Jd, average 14Id; Wliangaro 19d and 163 d. BRADFORD MARKET. By Cable—Press Association—Copyright. Australian, and N.Z. Cable Association. LONDON, March 17. Bradford Tops—Spinners are not responding to the increased quotations : 64’s 49d, 60’s 443 d, 46’s 35d, 50’s 26R 46’s 243 d, 40’s 203 d. BUTTER PRICES. By Cable —Press Association —Copyright. Australian nnd N.Z. Cable As-ociation. LONDON,. March 17. New Zealand butter is selling steadily at 144 s to 1465. The biggest buyers are not yet oper- 1 ating, but, it is expected that this week’s quota of 90,000 boxes will be ; cleared, though it is dubious whether it will be possible to do this every week, unless prices are further reduced. A fair trade is passing in Australian salted at 144 sto 1465. A premium of 6s to 10s is asked for New Zealand and Australian unsalted, but business is very small. Danish, 176 s to 178 s.

SUGAR. , B y Cabl* —-Press Association —Copyright. Australian and N.Z. Cable Association. LONDON, March 17. - Sugar—Granulated, 32s 103 d. RABBIT SKINS. ' By Cable—Press Association—Copyright. Australian and N.Z. Cable Association. LONDON, March 17. At the rabbit skin sales 2540 bales were offered. About 75 per cent, of New Zealand and 40 per cent, of Australians were sold. Furriers’ sorts were 10 per cent, above January. Best and medium hatters’ were unchanged. Inferior were 5 per cent, lower. TALLOW. By Cable —Press Association —Copyright. Australian and N.Z. Cable Association. LONDON, March 16. At the tallow sales, 974 caskets were offered and 104 sold. Quotations: mutton, fine 37s 6d, medium 33s 6d; beef, fine, 39s 6d, medium 33s 6d. AUSTRALIAN MARKETS.

B j Cabl*—Press Association —Copyright, Australian and N.Z. Cable Association. MELBOURNE, March 18. Wheat is quiet; 5s Id to 5s 3d. Flour, £l2 10s, cash £l2 ss. Oats, 3s 3d to 3s 6d. Barley, English, 4s to 4s 6d, Cape 3s 6d to 3s 7d. Potatoes, £4 10s to £7. Onions, £3 70s to £4 15a.

GRAIN AND PRODUCE MARKETS

CHRISTCJHURCH WEEK-END REPORT.

By Telegraph—Press Association. CHRISTCHURCH, March 18. Business on the produce market is still on the quiet side, although a little more has been done this week

than last. Potatoes have been in better demand during the past few days, and a quantity has lately been sent to Auckland. By the Wingatui, which sailed a week ago, 400 sacks were despatched, and it is expected that the Waipiata will take a further supply when sho leaves Lyttelton. No large quantities are expected to be sent, however, until potatoes reach a more advanced stage of maturity. _ Not a great deal is being done in onions. Some have been sent to Wellington, and to Dunedin, but as Auckland has its own supply, practically none have been sent there. It is stated, in fact, that Auckland is sending nnions on consignment to Dunedin to compete with Canterbury produce there

Little change is reported in the position regarding wheat. The price offered farmers is now 5s per bushel on trucks, but more is offered for choice samples if it is forthcoming. Farmers, however, are easing up in their offerings, and are not at all keen to do business at such figures. Although millers are ablo to get all they want, they do not desire to see the price drop any. further. The price offered for oats is so low that some farmers will not sell, preferring instead to allow their produce to remain in stack. Many state that at present figures they wili l find it more profitable to hold the oats for feeding stock. On the other hand, it is stated that a quantity of oats, about 2000 or 300 Q. sacks, has, been shipped to Australia recently. ' There is practically no difference in the position regarding . chaff. Partridge peas have become - firmer, and the price now offering for them is 6s 9d per bushel. Growers, however, are not at all anxious to, dispose of their holdings at tins'figure, although the crops are stated to bo good. M'anv are keeping their stuff in stack until a further advance takes place..

There is a little better feeling for perennial rvefrrass, which is experiencing a} slight] v better demand, hut other seeds are not alUacting much at-

STOCK EXCHANGES

By Telegraph—Press Association. AUCKLAND, March 18. Sales Reported.—War Loan (1938) 43 per cent. £96 IDs; ditto (1939) 43 per cont, £96 lUs; Bank of New South, Wales £49 12s 6d; Auckland Gas 23 2d; British Tobacco 52s 6d: Milne and Choyce Debentures Stock 255; Moanataiari (con.) 5s 7d; Kawarau •is 40; Lucky Shot (con.) 2s 7d; New Waiotahi Is 4d. CHRISTCHURCH, March 18. Sales Reported.—New Zealand Government 53 per cent, inscribed (1933) £lOl (2 parcels); Bank of New Zealand, 60s (2 parcels); Commercial Bank of Australia (pref.) £6 17s; E. S. and A. Bank £8 12s (2 parcels); Huddart Parker (cum. div.) 48s 3d. Sales on ’Change.—Henry Jones Co-op. 50s (2 parcels); New Zealand Government 53 pei‘ cent. Bonds (1933) £101; 5j per cent. Inscribed (1936) £101; Bank of New Zealand 60s; Bank of Adelaide £lO 2s 6d; Australian Bank of Commerce 365; Union Bank £ls 5s 6d; Commercial Bank of Australia 30s lid (3 parcels); E. S. and A. Bank £8 12s (2 parcels); Royal Bank (£1 paid) 47s od; South British Insurance 55s 9d.

DUNEDIN, March 18. Salei on ’Change.—Milburn Lime and Cemet (new issue) 3s Gd (prem.) Sales Reported. Huddart Parker (ord.) 48s 3d; ‘Westport Stockton (ord.) Is; 53 per cent. Soldiers’ Bonds (1933) £101; Stock (1933) £lOl.

GOLD. By Cnbl#—Pres* Association—Copyright. Australian and N.Z. Cable Association. LONDON, March 16. Gold is quoted at 84s 11/,d per ounce. FARM ON OFFER. AT TATTERSALL’S YARDS. Yesterday afternoon there was a fairly largo assemblage of farmers and others, when the C.F.C.A., in conjunction with Dalgety and Co., (Mr Lon Wood, auctioneer) submitted to auction a farm of 201 acres at Claremont, on account of the Sclfciie family. Though a good deal of interest was evinced in tho sale, the property was not sold; it was passed at £22 10s per acre. DANGEROUS GOODS.

MOTOR GARAGEST FINED

By Telegraph—Press Association,

NELSON,* March 18.

For storing dangerous goods, to wit, 1435 gallons of motor spirit, oil unlicensed premises, Rod Newman, of Takaka, was fined at the Tukaka Court £5.

• For storing on licensed premises, an excess of 256 gallons above the quantity for which the building was licensed, Newman was fined £l. The total costs were £4 15s.

Defendant plclrided guilty, stating that a large consignment of one kind of spirit was sent, when another was required. This caused congestion. He had not been in the store personally, but realised that he was liable. Air Girling Butcher, for the explosives department, pressed for a. substantial penalty. Ho explained that the petrol involved would be forfeited, but this loss would not fall on the defendant.

Mr Moyrah, for defendant, contended that it was not right for the department to seek for a victim when merely warning was required.; Tho Magistrate (Mr T. E. Maunsell), in convicting, referred to the danger of keeping petrol in large quantities unless under the condit ions imposed by the department. If stored otherwise than as required, it meant not only danger of the destruction ef property, but to the lives of those fighting a fire. In the present charge he thought justice would be met by the fines stated above