COMMERCIAL.

Timaru Herald, Volume XCVIII, 13 May 1925, Page 10

COMMERCIAL.

LONDON WOOL SALES

By Cable —Trees Association —Copyright.

Australian and N.Z. Cable Association, May 12, 9.40 p.m.) LONDON, May if

Further London wool sales have been fixed to commence /th July, 15th [September, and 24th November. Bradford tops have improved in tone. Confidence is slowly returning, particularly in merino. LONDON WHEAT PRICES. By Cable —Press Assocla.ion—Copyright. Reuter’s Telegrams. (Received May 12, 9.40 p.m.) LONDON, May 11. Wheat cargoes are dull and occasionally lower, owing to violent American fluctuations. Parcels: Americans are offering freely at Is to Is 3d decline. GRAIN AND PRODUCE.

CHRISTCHURCH MID-WEEK

REPORT,

i By Telegraph-—Tress Association. CHRISTCHURCH, May 12. The gram and prouuce market is dull, almost to the point of iifeJessness. Apart from such bread and butter lines as wheat and potatoes, only odd brandies of produce arc attracting attention.

Wheat is coming in freely at the arranged prices, ana some ot the millers are understood to have their storage space well occupied. Other members of the trade, however, are still purchasing freely. The only new feature about the wheat offering is that undergrade stuff is not being accepted by millers. Oats are inclined to be easier. Forward A grades are quoted at 3s 6£d and B grade at 3s 2d. Business, however, is practically at a- standstill. Potatoes are holding the preceding values with difficulty; f.0.b., s.i. prices are £4 15s ton for May and £5 12s 6d for July-August delivery. Nominal quotations are £3 5s on trucks, but farmers are not seriously considering this price. Heavy quantities are now going north, which is the explanation of the easing. The Kawatiri yesterday took 3400 sacks, and the.Wingatui today is taking another fair-sized cargo, in addition to a substantial allotment from Timaru. There is no change of any sort in quotations for seeds STOCK EXCHANGE. By Telfgrasn—Press Association. AUCKLAND, May 12. Stock on ’Change —City of Auckland debentures (1940) 5i per cent., £95 ss; Now Zealand Insurance, 32s 3d (two sales); New Zealnncl Refrigerating (eont.), 10s; Waihi, 26s 3d; National Insurance, £3 2s 6d. WELLINGTON, May 12. " "Sales roported.— Inscribed Stock (1938), £96 17s: Rights P.O. inscribed stock, £9B ss; New-Zealand Breweries’ Bonds, £1 2s; Gear Meat, £2 4s 3d; Rights, New Zealand Breweries, £1 18s 3d. DUNEDIN, May 12.

Sales reported.—Malay Rubber (ord.) 16s; Mount Lyoll, 21s 4d; Dominion Rubber, 235, and 23s 3d; Electrolytic Zinc, 27s 3d (two sales).