COMMERCIAL.

Timaru Herald, Volume CXXIII, 30 April 1927, Page 9

COMMERCIAL.

LONDON TALLOW SALES. <Jy Cable —Frees Association —Copyright. Australian and N.Z. Cablo Association. LONDON, April 27. j. At the tallow saies 1364 casks wera oflered and 631 >o:d at about Gd advance. Quotations are: Mutton, fine 375, medium 355; beef, fine, 39s 6d, medium 355. LONDON WOOL SALES. - By Cable —Press Association —Copyright. Australian and N.Z. Cable Association. LONDON, April 27. At the wool sales 124,200 bales ara' available at the opening on May 3. Of the total 512,000 bales arc Australian*, and 11,450 New Zealand. SALE AT ANTWERP. By Cable—Press Association—Copyright. Australian and N.Z. Cable Association. ANTWERP, April 28. At the wool sales 8000 hales werd offered. Only five were sold. Thai market was lifeless. WHEAT QUOTATIONS. Australian and N.Z. Cable Association. NEW YORK, April 27. Chicago wheat-: May 13-1 J cents; July 130 cents; September 1291 cents. LONDON, This 28. Cargoes are trading fairly active on Home and Continent;! 1 account, but the demand for an advance of 3d and , 6d restrained buyers. Parcels are in moderate demand atj 3d over late rates. Liverpool futures May 10s. July 10s o)d, October 10s 2|d. Spot trade is lairlv ateire, prieej) tedinng upward. COMPANY DIVIDENDS. By Cuble —Press Association—Copyright. Australian and N.Z. Cable Association. LONDON, April 27. The New Zealand and Australian Land Company lias declared an intoriiu dividend of '<4 per cent. The P. and O. has declared an interim deferred 10 per cent, dividend tax free. CHRISTCHURCH MARKETS. Bv Telegraph—Press & ssociatioc. CHRISTCHURCH, April 29. There has been some fog in respect! to the wheat arrangement, but it ia being gradually dispelled. The agreement is that, conditional on the prioa . of flour being raised from £l6 5s to I'l7 a ton, f.0.b.. Lyttelton, from now on to the end of December, millers will pay 6s a bushel, f.0.b., s.i. Flour is depressed by importation below that price. Wheat will easa accordingly. Four boats took to Auckland in April over 20,QU0 sacks of potatoes. Another vessel is due to leave to-day, and one! to-morrow, with additional supplies, and the result ia that the Auckland market is glutted and likely to be for some time to come. Prices to-day are clown to £3 a ton, on trucks. Up toi ’’jP £4 was paid a month ago. The long y spell of dry weather has affected- the 5,j yields. The tubers have matured .very :§ early, with consequent light yields, i and second growth has been very prevalent. An average yield of 4| tons has been suggested, as against 6 1-3 lasi season, “in spite of. the present stagnation, the forward market iai firmer. Mav-Tuno deliveries whichi were quoted as low as S2s Gd s.i., wore sold yesterday at 87s 6d, and to-day there were no sellers at this price. ju'iv-Sept ember deliveries ara quoted at £5 12s 6d, but there are few; sellers under £6. j A Cartons wore sold yesterday 3s Ed f.0.b., s.i., but there is really nothing doing, and the trend of tnA market is easier. From 2s 3d to 2s 4d is nuoted, on trucks, for A’s and up to 2a Id for B’s. Duns, according toi quality, are worth from 2s to 2s 6d, and Algerians 2s to 2s 3d. Peas ara worth 7s to 7s 3d, OB trucks. . Ryegrass and clover show no change in value, or demand, and cocksfoot IS in the same position. LTMERICK’S VICTORIES. By Telesraph—Press Association. SYDNEY, April 29. At the Jockey Chib’s autumn meeting, New Zealand headed the lists of successful jockeys, trainers and owners. 1 McCarten rode four winners and four j placed horses. His winning percentage was £5lB sterling. F. D. Jones topped the trainers, securing three wins and 1 two seconds, and also a dead heat for second. His horses, Limerick and' Battlement, gained £7611 in stakes. Mr H. A. Knight, the leading owner, wen £6961. , . The “Herald” says: “By winning the Jockey Club Plate, Limerick settled all arguments as to which horse is the best stayer of the autumn. When McCarten got to work on Limerick he simply came away in the last few strides and won by threequarters of a length. The 1 ‘Telegraph’ ’ says : ‘ ‘Limerick S win was much easier than the margin would suggest. McCarten knowing h« had the race in keeping was content tot Jieep & fair LfilcJ tit* gelding.