COMMERCIAL.

Timaru Herald, Volume CXXIII, 9 April 1926, Page 4

COMMERCIAL.

AUSTRALIAN' MARKETS. By Cabl&-“l*ress Association —Copyright. Australian anti H.Z. Cable Association. (Received April S, 8.45 p.m.) SYDNEY, April S. Wheat is quiet on a basis o£ 6/1 ex trucks at Sydney lor farmers lots, and bulk 5/11. No large parcels are on offer. '/ . ' .. Oats—Tasmanian, Algerian 5/3, white 5/9. Maize —Local yellow 6/3, white 6/-, South African 6/-. Potatoes —Tasmanian £l6 to £l7 10s,. Victorian £ls.' : Onions —Victorian £23. ADELAIDE, April 8. Wheat, growers’ lots 5/11 to 5/11*.

FROZEN MEAT.

The Loan and Mercantile Agency have received the following cablegram from London under date inst :■ New Zealand lamb, lU*d per lb (average); mutton, wether and maiden ewe, light, bad, heavy (id; owe, light 4|d, heavy <ljd. Market slow.

DAIRY PRODUCE.

The Loan and Mercantile Agency have received the lollowing cablegram from London under date 7tii inst: —__ Butter. —New Zealand choicest, 172 s to 1745, exceptional 17bs. Cheese, Deis to yes; market quiet. . THE LOCAL MARKETS. Very little business lias been reported locally during the week, little interest being displayed in any of the principal lines of grain and produce. Threshing is expected to bo completed in two or three weeks; the yields of both wheat and oats continue high. A fair amount of milling wheat is changing hands on u basis of (is Bd, (is lOd, and 7s, f.0.b., for tuscan, hunters and velvet respectively, although particularly good lines of velvet are commanding slightly higher prices. There is practically nothing doing in fowl wheat, as the principal centres in the North Island aro securing their requirements from Australia considerably cheaper than they can bo filled from the South Island. The same applies also to chaff, the bulk of Auckland’s requirements being supplied by Adelaide chaff, which is reported to bo turning out exceptionally well. Good bright, quality is quoted at £5 ss, on trucks, sacks found by buyers. The oat market is quiet, at about 3s 7d on trucks for B grade, and 3s 10d for A grade. Really good samples of Duns are worth 4s on trucks, and Algerians suitable for .seed, 3s 9d. Feed lines are worth, "from 3s to. 3s 3d;

The forward delivery , market for linseed remains at a very low level, and it is understood that the New Zealand supplies have been augmented by purchases from Argentine, to arrive at Auckland this month. Tho value to farmers is £l3, on trucks, sacks extras , , . ,■ ' Potato digging in tins' district lias not yet commenced, and it is expected that it will bo fully another month before there will bo any /qualify ;qj, j-jpe potatoes available, the stormy weather"experienced lately-having ’a tendency to keep the tops green. There is a certain amount of blight appearing in some of the.crops, but it. is not expected to do as much dainago as might havo been # the case had it comp a month or .sixSydney ‘merchants 'aYtl liDlding; olt, : m: tho hope that when digging commences in New Zealand prices will case. However, the knowledge _ that _ they .are prepared to buy is indicative of the fact that later on they will again require to look to New Zealand. for supplies. . In the meantime, the market is dull, as the North Island will not require to buym any quantity for another three or four weeks. J.ne value to-day for May and June delivery is £6 10s, sacks in on trucks but very few lines aro offeiing fiom farmers at these prices. In .legauLto Australian crops, it is obvious -lut littlo benefit has resulted from the recent rains, the following cablo having wen received in Timaru yesterday^ from the Department of . Afßallarat > at Melbourne in regard to the Ballaiat . crops : —“Rainfall too late to increase , \ield, though grub damage checked.