COMMERCIAL.

Taranaki Daily News, 8 March 1920, Page 2

COMMERCIAL.

< FREE TRADE IN METALS. By Telegraph.'-Press Assti,—Copyright Melbourne, March C. The Government has raised for a period of six months the embargo cm the export of base metals. • LAND SALE. THE POKBNGAHU ESTATE. The sale of the Pukengahu estate of 980 acres, owned by Messrs Brown Bros., was conducted In the Parish Hall, Stratford, on Saturday afternoon, by Mr. Newton King and the N.Z. Loan and M.A. Coy. There was a crowded attendanco, but bidding failed to reach vendors' expectations. Three out of the eleven sections were sold as follows: Lot 7.—51 acres, Whapapa Road, all in grass next to the factory.—Sold at £46 per acre, to Mr. M. T. Phillips. Lot 2.—77 acres, Wingrove Road, woolshed, and dip.—Sold at £4O 10s per acre to Mr. M. McDonald. Lot 3.—112 acres, Wingrove Road, subdivided Into five paddocks, up-to-date house and outbuildings, being the homestead. Sold at £sl per acre to Mr. M. McDonald. HIGH COMMISSIONER'S REPORT. The following Is a revised copy of the High Commissioner's market produce cable, dated February 28, and cancels the copy Issued on March 2:— Meat.—No change In price, but It is expected Imported mutton will be reduced to 9d per lb In a week or two. The following are maximum wholesale fixed prices for imparted rabbits are front March 1: Special, not less than 781b, in crates, 56s per crate; large 001b, 48s; young, 4811), 38s; small, 361b 28s' Maximum retail price Is id per lb buyers taking skin, hut only S%d if retailer retains skin. In each case rabbit weighed in skin Hemp—Manila, market weaker and tendency downward. Present selllns price of .! grade, January-March to March-May shipments, £76. New Zealand, market closed dull and is easier. H.igh-poJnt|s, on spot now quoted at £O4. January-March shipments £01: fair, January-March shipment Wool sales closed to-day. Good competition throuehout series compared with last series. Prices fine crossbred maintained Coarse and Inferior generally neglected and prices have declined 5 per cent, to 7% per iTnt Current value crossbreds: Fine, 2s lOd *o 4s. medium Is lOd to 2s 7d, coarse Is 5d '". M. Superior merinos met strong de- ■' from America, and have advanced 10 ..j.' cent.