FINANCE & COMMERCE.

Waimate Daily Advertiser, Volume XXIV, 24 December 1926, Page 7

FINANCE & COMMERCE.

AUSTRALIAN MARKETS. il’tr Press Association—Copyright.) SYDNEY, Dec. 23. The wheat market is suffering ; from holiday stagnancy. Wheat is i quoted at 4/9 at country stations, equal to 5/41 ex-trucks in Sydney. Flour, local, £l3/10/-, export, £l2/5/-. Oats.—Tasmanian Algerians 3/10 to 4/-. White Giants 4/3 to 4/5. Maize. —South African 8/-. Potatoes. —Tasmanian £25 to £26 per ton; local £24 to £25. Onions, £lO per ton. ADELAIDE, Dec. 23. Wheat. —Growers’ lots, DecemberJanuary 5/3 to 5/31; parcels, January sellers 5/4Jd. Flour.—Bakers’ lots £l4 and £l5. Oats, 2/4 to 2/6. SYDNEY, December 23. Following a long spell of dry weather, and despite consignments from other States and New Zealand, vegetables sire selling at record prices. Compared with 10s at Christmas 1925, peas are bringing 325. Beans have risen from 5s to 30s. cabbages 9s to 14s, and tomatoes 9s to 30s. Potatoes are very scare and prices are high. GENERAL ITEMS. SYDNEY, December 23. Dr. Earle Page announces that the Commonwealth Loon of £6,000,000 was over-subscribed, although all country

subscriptions have not yet been received. BRISBANE, December 2.3. The annual report of the Bureau sugar experimental stations, estimates that the production of sugar in Australia: this year at- 420,000 tons, or a surplus over Australia® consumption of 80,000 tons.RIGA, Dec. 22. The Soviet Government, has issued a decree forbidding the import or export of securities’ relating to loans?, debentures, or shares of foreign Governments, companies or private industrial undertakings, which wiT be allowed in future,- only under special! pernat. CAPETOWN, December 22. The Railway Board has- given- orders for engines valued at £500,000 t® German firms. It is stated that no purely British tendbi'A were- receiwd’. Some firms with a British name tendered, but the works were in Germany. The Minister is always ready to give preference to British tenders. OTTAWA, December 22’. A commercial trade treaty, fetweeir Canada and Czecho-Slovakia, lias been; approved by the Federal Cabinet. This is the first commercial agreement concluded since Canada obtained her new treaty-making powers at the recent Imperial Conference. Canada secures the lowest rates of duty given any country by Czechoslovakia, on a list of seventy-one- commodities, which comprise all important Canadian exports to Czechoslovakia. In return. Canada grants Czeclio-Slovakian goods the benefits of the Rinadian intermediate tariff. Canadian products which benefit include flour, wheat, apples, fish, butter, honey, cheese, canned fruits, and vegetables. LONDON, December 22. The- spirit of Christmas lias invaded' the London markets, such as the Stock Exchange and Com Market, where numerous “rags” included the letting off of fireworks. A typical “rag” in the Corn Market commenced with the explosion of fire crackers, which was the signal for someone to produce a football, when a tumultous call of “rugger,” “rugger” arose, sides were quickly formed, and soon several hundred staid business men were chasing the ball around the market, until it was lost among the rafters. Scores of sample bags of corn were thrown to dislodge the ball, which suggested a snowball fight, among members with bags of corn as missiles. Older members protested in vain, and’ nothing worse happened than the breaking of windows, and gas globes, while hats were kicked to pieces.