COMMERCIAL.

Taranaki Daily News, 24 September 1921, Page 5

COMMERCIAL.

SOUTHERN MARKETS. BENEFIT FROM THE RAINS. By Telegrnx»h.—Fre.«% Assochtlcn Christchurch. Last Night. The general feeling is one of elation at tht beneficial rain, though it nipped in the bud an improvement in oat and chaff values that was promised with the dry weather In the north anti the consequent feed shortage, ta develop into a mild boom, particularly tot chaff. The rnins, however, have effectually banished nil apprehension, and the market has steadied up. Oats are a shade easier, though a fair amount of business is being done, and 2s JI Vid at country stations is available for bright heavy A grade (Jartons. Chaff is worth from £3 fis to £.3 10s oil rail. The activity has died down, nut in any case the offerings had not been large. The opinion is that the rain has made a tremendous difference to the wheat prospects. The estimate of the area under crop ha# been put down at 350,000 acres, 00 per cenri more than last year, and one observer puts down the prospective increase in yield as tlu result of the timely rain at quite six bushels to the acre more than it prozniaed a fortnight ago. Potatoes are firmer up to £2 2s fid. tlie value at country stations for pit potatoes. LONDON MARKETS. By Telegraph.—Press Assn.—Copyright. Received Sept. 23. 9.10 pm. 1 London, Sept. 23. Wheat.—Dull. Australian cargoes afloat are quoted at 70s, and parcels at 68s Gd. English la slightly firmer. Australian spot unchanged. Flour.—Quiet. Australian ex store, 56s fld. Oats.—Steady and unchanged. Beans easier and peas quiet. Tasmanian blues, 560 s to COOs. Sugar.—Weak. Granulated 535. Bradford wool; more active quotations, top yarns very firm. LONDON METAL MARKET. Received Sept. 23, 10.15 p.m. London. Sept. 22. Copper.—£67 15s, £6B 12s Gd Lend.—£22 15s, £22 12s 6d. Spelter.—£2s ss, £25 12s 6d. Tin —£ls6 sa, £l5B ss. Silver.—4l%d.—Aus.-N.Z. Cable Assn.