COMMERCIAL.

Taranaki Daily News, 16 June 1921, Page 2

COMMERCIAL.

LONDON MARKETS. By Telegraph.—Press Assn—Copyright. London, June 18. Copper.—Spot £73 3s 9d; forward £73 8s 9d. Lead.—£22 10s and £22. Spelter.— £27 5s and £2B. Tin.—£l67 2s 6d and £169 7s 6d. Silver—3s% d. THE PRICE OF WHEAT. London, June 13. The Government has advanced wheat Is Australian f.a.q. remains at. 775. THE WOOL MARKET. LONDON SALES. London. June 13. At: the wool sales there was a poor selection. and competition was scarcelj- so brisk. Quotations generally were unchanged. The New Zealand clip, J.G.G. brought 10%d tup price and Kid average. Bradford.—Better inquiry for tops, quotations unchanged. SALES AT TIMARU. Bj’ Telegraph.—Press Association. Timaru. Last Nifeht. The Timaru wool sales were held to-day, when 4585 bales were offered tc a good attendance of buyers. The market opened strongly, and recent Christchurch values were maintained. A large range of crossbred 3d to 6%d, three-quarterbred 6d to T’/.d. half-bred 7d to 9d, super half-bred to 10% d, merino 8d to lid, pieces 2%d to 4%d. GRAIN AND PRODUCE MARKETS. SCARCITY OF WHEAT IN FARMERS’ HANDS. Christel - urch, June 14. The scarcity of wheat in fanners’ hands (S the most notable development of., the .week’ There are two factors contributing to this position. .In the first place, wheat has been rejected this season for milling that in the past two years would have been milled, and this wheat has gone into consumption as fbw) feed; secondly, a much greater quantity has been required fop sdwing. A 75 per cent, increase in the area cropped, which has been suggested as probable, would require 200.000 bushels additional seed. Oats' maintain their firm position, "but the .market is quiet, any business doing being between merchants. Fair quantities continue to be consigned Home, the demand there being decidedly keen for good white oats of the New Zealand Garton type, as against Australian Algerians. Cocksfoot is a shade firmer. Linseed has suddenly jumped up in value, and business has actually been done at equal to £l6 per ton at country stations, a rise of 80 per cent, within a month. It is understood that the position in Calcutta is responsible for the sudden stimulation of the market here.