COMMERCIAL.

Timaru Herald, Volume CXXIII, 27 March 1926, Page 9

COMMERCIAL.

CHICAGO WHEAT QUOTATIONS. Australian And N.JS. Cable Association(Received Mareli 20, ■’)••> p.m.) NEW YOUK. March 25. Chicago wheat quotations are: May (new) 156 cents; (old) 154 J cents. July 1 IK) cents. September 162 cents. LONDON PRODUCE At A RKET. By Cable—Pre.is As-soeintion —Copyright Anslralinn and N. 7,. Coble Association, (Received March 26, 5.5 p.m.) LONDON. March 25. ■Rutter is firm ami steady. New Zealand, choicest, salted and nnsalted ] 7-L to 1765; Australian do. 170 s to 1725: Danish 185 s. The decline is due to tin: increasing production. cheese. Cheese is quiet. New Zealand, white 90s to 975, colntired 97s to 98s; Australian, coloured 90s to 975. LONDON WOOL RALLS.

By Coble—Press Association —Copyright. Australian .nul N.Z. Coble Aasnriation (Received Mareli 26. 5.5 p.m.) LONDON, March 25. The wool sales have closed. The tone was cheerful and confident. Competition throughout was satisfactory and wide-spread, except from the United States, which only took 'about 1500 hales. Compared with the January closing prices, merinos and greasy were par to five per cent advance: scoured way difficult of sale, and many hides were withdrawn owing In high reserves. Crossbreds, finest, were 5 per cent, advance. AH'other grades were slightly easier. Lambs and crossbreds were slightly dearer. Merinos were-irregular and occasionally in buyers’ favour. New Zealand brands: Waieri 15d to 10(1. Rrnnklands 112(1 to I6d. The Bfadford market is slow and business difficult. Topmakers’ quotations arc firm. Crossbreds are a shade easier. x ADVANCE IX PRICK OF LAMP. Relow are present Canterbury prices for next week's killings: Woollv lambs.—First quality to 60lbs. lOd, 57 to 421bs BJd, 45 to 50ibs over otllbs 7,-Jd ; second quality to .‘lOlhs 9d, over 36lbs 7jd. Sliorii lambs Id per lb. less than above prices. Wethers—First quality to OOlbs 6,L1 o/ to 641 bs sjd, 65 to /211 is, 4R[. tjver 721bs 4d-; second quality 43d. Ktcs—lnider 48lbs 4RI, 48. to 64lbs 4d, 65 to 72Ibs 3jd, over 7211)s 3d. WELLINGTON WOOL SALKS. By Telegraph—Press Association. WELLINGTON, March 26. At tlie wooi sales to-day, prices were well maintained, at par to-a penny advance on the rates ruling at the February series.

GRAIN AND SEEDS,

CHRISTCHURCH WEEK-END REPORT. By Telegraph—Press Association. CHRISTCHURCH, March 26. Now that the, potato prices have weakened a Jitt'Je, farmers are jess inclined to sell, and offerings are Tower. An improvement in the matter of supplies may be anticipated alter Easter, ulren the lnaiu crop will he coming in. 'Jhe Australian demand lias slackened, but scales for export can still be made nt round about £8 15s, while quotations on trucks for April delivery are £5 10s, and for May-June, £.> 15s. At the end of April, when a. vessel will lift exports for Sydney, potatoes will be in better order for transport across the Tasman. Auckland is . well supplied at present, and Very little demand can be expected from there till the end of April or the beginning of May. High prices arc being realised for onions in Sydney, and there is a demand from the North and South. The price has slackened to £l2, on trucks.Garto n oats of both grades are a little weaker. For forward delivery the prices rilling are -Is 8d for A grade, and 4s 5d for 11, f.0.b., sack's in. Prices at country stations are unchanged. Algerians are still very quiet at 4s, and duns arc worth 4s 6(1, the letter price being obtained for good heavy dark quality. Plenty of partridge peas are offerin'* at 6s, on. trucks. Merchants are unable to obtain much wheat at to-day’s prices, most farmers showing a disposition to wait for an improvement, and the outcome of the proposal to establish a growers’ pool. White clover is offering steadily, hut no move in prices is apparent. No Canterbury cowgrass is forward "• yet, although a. few samples ' of excellent quality have come on the market from Blenheim.' North island merchants are buying clean choice lines of undressed, at lid to Us, f.o.b. Pieton farmers’ undressed seed may be quoted from 3d to 10<1. There is no alteration in Italian rvegrav-i. Perennial ryegrass is sliglitlv weaker. southern merchants indicating lower values. Machine-dressed lines are offering freely at, Cs. f.o.b. Very little business is being done in cocksfoot, and quotations are unchanged. Advices from (Hugo and Southland are to the effect That the crested dogslail crop is verv short, and high liii-es are being paid for this seed, as it becomes available. Up to Is 9d per Hi is being asked.for very high quality. Chewing’s fesciie is slightly easier. and good quality is offering at 9d per lb. RUTTER AND CHEESE. The Loan and v Mercantile Agency Co. have received the following cable from their London house, under dale 2-1 Hr inst. : Dairy prrfltliiee.—Choicest New Zealand butter 174-s. exceptionally choice 1765; market -steady. Australian, 1725, small sunolies; Danish, 191 s. Cheese, 97s to 98s. ■ TTTE LOCAL MARKETS.

The present Ims bom n eompaiativelv quiet week on tin: local grain and produce markets. Although odd sales of potatoes have hei'ii made tu Australia, orders are difficult to secure, as Commonwealth buvers are “playing sale” and waiting to see the result of the recent rams. A cable received from Australia, yesterday said that the rains will improve tln'i late crops there, but it i.s doubtful whether they will being the outturn un to normal. There is a fair inquiry from Australia. for oarlv delivery, and this mayhave the effect of (inning the market for earlv April delivery, notwithstanding that Auckland is still showing no interest as a buyer. It i.s not expected that digging will commence in South

Canterbury until about the end of April. By reason of ’.lie fact that April-dull very pole, toes, speculatively, are worth about 10s per ton less than potatoes for May and June delivery, growers are not in a hurry to nit their tubers. To-day good white tables are quoted at £G lUs to £6 15s on 'trucks, sacks in. The position in regard to wheat is difficult V size up, reports from overseas luaiKms conflicting in a way "hieh is hard to undeiwi.rul. Odd iiniy, have been sold locally during tin- week at a ball-penny above the prices agreed upon by millers, but it is difficult now to, sell at anything over the - fixed’ prices:, namely 6s Bd, 6s 10d, and 7s f.o.b. ' The fowl wheat market is very weak, about 6s Od f.0.b., being to-day’s quotation. Oats slum- a further decline. A side of 500 sacks of I! grade- Cartons is redarted to have been made on the basis of .'is 6d , on trucks, sacks extra. Orders are difficult to secure from the North Island, and to-day's iioinimi! (imitations are Js -3d for- B’s and. ;ls I Oil ior A's, on trucks, sacks exci'n. Advices from Auckland are to the effect that the Canadian outs which are-com-ing into the North Island are of good quality, and that further business is taking place witii Canada, for April shipment. These oats will land in Auckland at 4s 9<l Good bright chaff H now offering more fri'clv, and is worth £5 ss, on trucks, sacks found by buyers. Heavy mi pplies are going io iho.North Island from Australia and Blenheim, and som,-> :s also offering, from Central Otago. The linseed market is quiet at £ls per ton, on trucks. The..market shows little promise this year, owing to the heavy crops in South America- and Calcutta. j Peas arc worth 6s to Os 3d for No. Us, prompt delivery. The s.s. Turnkina. now in port is loading peas for AVest of England -ports, and most of the lines already sold to merchants will go away in this boat. 'The price of barley remains at 5s for good quality lines. There is nothing doing in grass seeds, hut following the benel'icinj rains in the .'•ortli Island, it is hoped that some orders will soon be received from ibat quarter.

LAND SALTO. Not for a long time has so much interest been, evinced in a land sale at Timaru as was shown in a sale which was held in Dalgctv and Co.'s land .saleroom yesterday afternoon, when two .I'otaya -Valley .properties were submitted to auetion. The first property offered whs one of 040 acres, known ns “The Sisters’ Estate,” on account of the trustees of the late Mr AY. D. Dowell. The sa.le was conducted jointly by Dalgety and Co. and the C.F.C.A., Mr O. Johnstone reading the conditions of sa'c, and Mr Hugh Lowry wielding .the hammer, '[’here was a large attendance, and four of the six blocks offered were sold. It was stated that “The Sisters’ Estate” bad been acquired by the late Mr Howell sixty years ago, and that it had never been out of the bands of the Howell family. The land was tiescribed as good for dairying, cropping, and sheep raising. Under keen competition lots 4,5, and 0, containing in all 2(5 Y acres, lei! to the bid of Air Owen Bladder, Totarn Valley, at £4.‘l per acre. Bidding ■ for lot 2, comprising 154 acres, without buildings, started at £2O per acre, and by £l. and 10s bids ran to £27 per acre, at which 'figure Mr IE A. fjtrutliers, of Pleasant Point, became the owner. Lot 5, 208 acres, was passed in at £lO per acre, and the bomest-ml block of 250 acres was passed in at £2O per ncre. 'file N.AI. and A. Co. then offered, in ennj unction with Dalgety and Co., a 1 farm of 680 awes, situated about H miles from Pleasant Point, on account of the estate of I lie late Mr Andrew Miller. This was described as an exceptionally fine cropping and sheen raising farm. Lidding started at ClB pen. acre, and the price advanced to £22. at. which figure it was passed in, the Public Trustee, ill whose bands it now is, stating that a little more was required for it. At their land sale rooms yesferdav afternomi, in the presence of a good attendance, Messrs Lying Could, Cuinliess. acting under instructions from the Registrar of the Supreme Court at I imam, at the request of the mortgagees. _ offered feu- sale a farm of about 405 acres, known as “Linkwood.” in the li*nk district. As there was no bid received, the property was passed in. Messrs Oakev, Laker and Co. at their rooms, Strathallau Street, ves.terdav offered on behalf of the estate of AVilliam Henry Hogue, acting under instructions of the District l’ublie Trustee, a section in Nelson Terrace. T 1 ic section was passed in at £SOO.