COMMERCIAL.

Taranaki Daily News, 10 December 1920, Page 3

COMMERCIAL.

LONDON MARKETS. By Telegraph.—Press Assn.—Copyright, Received Der. 9, 8.55 p.m. London, Dec, 8, Shares.—WaDii 27s Gd and 30s. Tin.—Stocks 19,005 tons, spot 250 tons, afloat 2158 tons, deliveries 1822 tons. Tallow.—l7B2 casks were offered and 586 sold. Good mutton and beef declined 2s; others unchanged. Mutton 5Ss and 525, beef 70s and 495. Woo. Sales.—Tt.« sales weje postponed owing to fog.

WOOL REALISATION. AUSTRALIAN PROPOSAL CRITICISED. Received Dec. 9, 8.55 p,un. London, Dec. 8. Commenting on the Melbourne conference's proposal to establish a wool realisation association, the Yorkshire Tost says the scheme is obviously intended to place power in the hand of Australian wool growers to dictate the value of merinos to the rest of the world, but £25,000,000 will not be nearly sufficient to accomplish the object, even if the British Government Wool Department were disposed to relinquish tl'e control they now exercise over two million bales. The average price of Australian wool is now £35 per bale, but the realisation association's proposal appears to be that two million bales will be re-sold to them at 12,000 tons (sic), therefore the suggestion is not i\ serious business proposition.

AUSTRALIAN MARKETS. Received Deo. 9, 10.5 p.m. Sydney, Dec. 9. Oats, Tasmf.nlan, South Australian, Algerian feed, 2s (id; milling 2s 9d; white 4s, 4s 3d; maize 5s Gd; Queensland 5s 3d. Potatoes.—N T ew £lO, Tasmanlan, Westullan, old nominal. Onions.—Victorian, £l2. Adelaide, Dec. 9. Oats.—Nominal. ARGENTINE WHEAT FOR EXPORT. Received Dec. 9, 10.5 p.m. Buenos Aires, Dee. S. It la announced that wheat export restrictions have been liftoS.