COMMERCIAL

Timaru Herald, Volume CXXV, Issue 18201, 27 February 1929, Page 7

COMMERCIAL

CANTERBURY GRAIN AND PRODUCE MARKET. By Telegraph—Proa* A aaociav. CURISTCHUROH, Feb. 26. No change has taken place in the wheat market. Deliveries are arriving fairly heavily and millers and others in the trade would not mind a weather break, to hold up threshing for a period. Any business, for the time being, is on a basis of 5/7 to 5/S, on trucks. The shade of firming in the oats market mentioned in (he week-end report, has been scarcely maintained, and quotations are inclined to be easier by about a halfpenny per bushel. Prompt A Cartons are quoted at to 3/4 f.0.b.5.i., or 2/8. on trucks, and 3/OJ to 3/1 for B’s. Chaff is inclined to ease and is quoted at £5/5/- per ton f.o.b.s.i. Seeds show no change, but ryegrasses and cocksfoot are firm. Partridge pea threshing returns show that this crop has suffered considerably as a result of the wet summer. A number of returns are below 2 5 bushels to the acre and occasional crops are not much more than half that. The inquiry is lifeless. Values, on trucks, are 5/3 to 5/6. Consequent on the lengthy spell of dry weather the potato.,, market is firmer, f.o.b.s.i. values for MarchApril being £5 per ton, sellers at the week-end quotation of £4/17/6 not being about. July-September business is quoted at £5/17/6 f.o.b.s.i. Values to farmers, for early delivery are from £3/12/6 to £3/15/- per ton. OTL. By Telegraph—Press Association. GISBORNE, Feb. 26. Taranaki oil report:— Gisborne No. 2 Well— Drilled to 2370 feet in shale; inch diame'iec casing to 23(50 feet. Advice has been received tint an extraordinary meeting of shareholders was held at Melbourne to-day, when the reconstruction resolutions were passed bv larg e . majorities of both Australian anj New Zealand shareholders. HOME MARKETS The Department of Agriculture has received the following cablegram, dated 23rd. instant, from the High Commissioner for New Zealand, London:— Tallow.-—No auction this week on account of small supplies. Spot market steady at last rates quoted. Honey.—Market quiet. Current prices are: New Zealand 55s to 84s per cwt; Jamaican 42s 6cl to 55s ; Canadian. 50s to 655; Californian 47s Gd to 545; Haitian (medium) 455; Argentine (medium white' 45s Hemp.—With continued heavy receipts, Manila prices dropped again, but market improved later. Closing value of “J” grade lor March-May shipment is £36. New Zealand : Uncertainty of Manila position causing buyers to hold off, and with more offering from New Zealand the market has declined. Some business reported at following limits: Highpoints £34, tow, second grade, £-21 10s, third grade £lB. February-April ami March-May shipments . Stocks in Great Britain on 3lst. January, 52 tons, against 51 tons same time last year. Wool.—Bradford market still quiet. Little more inquiry for Merino tops, but,buyers of crossbred holding off for further decline. Present quotations for tops are more or less nominal. 64’s (Merino) warp 3s 9d per lb. ; average 3s 8d per lb. 56’ s (super half bred) 2s 8d to 2s 9d per lb. 50’s (prepared) 2s 4d per lb. 40’s (prepared) Is lOd per lb.