COMMERCIAL.

Taranaki Daily News, 12 April 1919, Page 2

COMMERCIAL.

AUSTRALIAN MARKETS Melbourne, April 11. Barley.—English malting, 5a 3d to 53 6d; Cape, 4s to 4s 2d. Oats.—Algerian milling, 49 6d to 4s 7d; feed. 4s 2d to 4s 4d Potatoes— £lO 15s to fill. Onions.—£lo. LONDON MARKETS. Received April 11, 5.5 p m. London, April 8. Wool Is meeting with keen competition, and prices are ruling high. Shares—P. & o, £406. Banks: Australasia, £135: National of New Zealand, £122 Is: New Zealand. £36 10s and £l3 Is 8d New Zealand Loan and Mercantile, £7l.—Aus. and N.Z. Cable Assoc. LONDON WOOL SALES. . ~ Wellington, Last Night. A cablegram received from the Director of Raw Materials at the War Office. London, dated April 5, states that the auctions opened on Wednesday with a record attendance, Including rcpresentn tires from Prance and Belgium. Confidence quickly manifested itself, and compel!tion for nil good wools waa lively from the out. set, faulty descriptions not being so much in demand, owing to the relatively higher conversion cost compared with better sorts. Still, even with less competition, practlcaily everything has passed the hammer to date. The result, so far is that compared with the fixed issue prices in force before the revision, low crossbreds are back to par, and all qualities above average fully two and a half per cent, higher The different descriptions compared with that level may be quoted as follows: Good merinos, 5 per cent dearer; average, 2% per cent.; faulty, pari fifty-sixes and fifty-eights, 5 per cent, dearer* super forty-sixes to fifties, 2% pe r cent ; ordinary forty-sixes and below, par.