COMMERCIAL.

Timaru Herald, Volume CXXV, Issue 18552, 26 April 1930, Page 19 (Supplement)

COMMERCIAL.

PRICE OF CALL MONEY. (United Press Association—By Electric Telegraph—Copyright.) (Received April 25, 5.5 p.m.) NEW YORK. April 24. Call money renewal rate, high level 4 per cent; low level and close, 3£ per cent. LONDON PRODUCE MARKET. (United Press Association—By Electrlo Telegraph—Copyright.) (Received April 25, 5.5 p.m.) LONDON, April r $ Butter is fairly active. Danish 138 s; choicest salted New Zealand. 130 s ana 1325; Australian, 126 s and 128 s. Unsalted New Zealand 138 s and 140 s; Australian 126 s and 128 s. Cheese is firm. New Zealand white 78s, coloured 80s and 82s; Australian white 78s, coloured 80s and 81s. AUSTRALIAN MARKETS. (United Press Association—By Electric Telegraph—Copyright.) (Received April 25. 5.5 p.m.) SYDNEY. April 24. Wheat, at country stations, bagged lots 3/11 and 4/-, ex-trucks Sydney 4/6 to 4/7. Flour is quiet at £11; Bran £8; pollard £B/5/-. Oats, Tasmanian white to 4/-, Algerian 4/- to 4/3. Maize, 6/-. ADELAIDE. April 25. Wheat, growers’ lots 4/3. Flour, bakers’ lots £lO/5/-; bran £7; pollard £7/17/6. Oats, Algerian feed 2/8 and 2/10. GRAIN AND PRODUCE MARKETS INACTIVE. By Telegraph—Pr*u Ajmu tttler.. CHRISTCHURCH. April 25. Owing to the Easter holidays and Anzac Day, the grain and produce markets have been almost idle this week. Prices remain at the level of last week, except that potatoes are a little easier, and sales are slower. To-day’s quotation for potatoes is £4 10s to £4 12s 6d f.o.b. s.i., or £3 5s on trucks to farmers. Sale of Flour Mill. The North Canterbury Co-operative Flourmilling Company, whose mill at Cust was burned in January, has purchased the Zealandia companys mill at Addington. The price is understood to be about £25,000. DIVIDENDS DECLARED. “The board of directors of Messrs Dalgety and Co. Ltd. have declared an interim dividend of five shillings per share, being at the rate of 10s per annum, payable on 15th May.” The directors of the Nataional Insurance Company of New Zealand have declared an interim dividend of 4d per share for the half-year ended March 31st., which will be payable on May 15th. DUNEDIN WEEK-END REPORT. WHEAT SELLING FREELY. By TilofrapJi—Praia Auociatien. DUNEDIN, April 24. The long spell of dry weather is facilitating threshing operations, and offerings of wheat are being made freely. The great bulk of deliveries has been of good milling quality, and no difficulty is being experienced in disposing of the crop to millers. There is no change in market values, and millers are paying Pool prices for both “free” and Pool wheat.

Millers are purchasing oats freely, and prices for heavy oats of milling quality have firmed slightly. Current values to farmers are 3/2, sacks extra, on trucks. The bulk of the offering is of milling quality and some splendid samples have been offered. On a shipping basis, ordinary A Grade Gartons are worth 3/1 on trucks, and 3’s 2/11.

Only prime quality chaff is ill demand, selling at £5/5/- ex truck. Some shipping has been done to northern ports, but not to any extent, as farmers generally are not selling at prices which will allow local merchants to compete with Blenheim and Canterbury. Cutting has not yet become general. Consignments of potatoes are arriving freely. Sales a being made at £5/5/- ex truck for ehcice quality. The seed market continues quiet. There is not the usual demand from the North Island for ryegrass, and the high prices which were ruling for fanners’ lines early in the season are no longer obtainable.