COMMERCIAL.

Southland Times, Issue 18824, 18 May 1920, Page 2

COMMERCIAL.

OAMARU MARKETS. OAMARU, May 15. Various causes combined to make the past week's grain business small. Chief of these was the storage question. Farmers who in former years held their wheat until later in the season, under the Government purchase rushed their crops into the stores, already congested with wool. The season’s wheat, moreover, is in very small compass in the district. Only a few lines of wheat changed hands curing the week, and of these the largest, and in fact only line of consequence, was 700 sacks of velvet. A little business was done in oats. Lines of A Cartons ranging from 200 to 400 sacks were sold on trucks at 5/-, B’s Id less, and lines of rather better quality at 5/1 and 5/-. A line of Duns changed hands at 5/6 on trucks. There is very little demand for potatoes, and not many offering. No transactions in clover or grass seed are on record. There was little business transacted in the stock market during the week. A small line of two, four, six, and eight-tooth ewes was sold at 28/-, and a line of twotooth at 28/6. A line of extra prime fat ewes sold at 37/9, and others changed hands at from 30/- to 33/-. A small line of full-mouth ewes sold at 20/-. A line of fat and forward store wethers sold at 30/-; another line of 185 wethers sold at 34/-. A line of very heavy fat lambs was sold at 34/ G. A line of hill lambs changed hands at 14/9. 'A small mixed line of heifers and steers, light weights, changed hands at £l2 10/-, end a fat cow sold at £B. THE PRICE OF GOLD. (Per United Press Association.) WELLINGTON, May 17. The High Commissioner cables from London, under date May 15: The official price for gold to-day is £5 7/6 per ounce.