COMMERCIAL.

Taranaki Daily News, 4 February 1922, Page 5

COMMERCIAL.

CANTERBURY PRODUCE MARKETR. By Telegraph.—Press Association. Christchurch, Last Night. Harvesting was proceeding busily until rail set In on Thursday. Farmers were more concerned during the week in reaping thaa selling, and consequently there was little business In the city. The rain will be beneficial. to the late potatoes, peas and other green crops, and unless muggy, rainy weather follows no damage to cereals should result. A few lines of wheat came in during the week. Some samples were light and shrivelled on account of the dry summer, but others appeared to be quite as good as last year's. After a little stir Inst week on account of Australian Inquiry, the oat market has again quietened, and there Is no alteration in the normal price of 2s 2d to 3s 4d for Gartons. As there is plenty of green feed available there is no demand for chaff. Some business has been effected in the hew season's rye grass. The accepted offerr for perennial and station range from 2s to 3s 3d. Cocksfoot is also coming In steadily. There has been a wide range in quality, and sales have been effected at from 4d to There have not been many offerings of po tatoes, and inquiry is slack, the regular North Island distributors being apparently inclined to hold off at present. There are frosh reports of blight in Canterbury. Only a few early lots of onions have been marketed.

WHEAT AND FLOUR. By Telegraph.—Press Assn.—Copyrit..: Received Feb. 3, 9.40 p.m. London, Feb. 1. Wheat cargoes are firmly held for a rise. Cargo sales include: Rlgi, His 6d: Ben Ledi, 525; Jann, 51s; Trelen, 51s 7%d; G. D. Kennedy, 51s 3d. Other steamer parcels, shipping and shipped, 51s 7%d. Clan Ronald (Liverpool), 51s 6d. Quotations for cargoes for January are 525, and for February 51s. There Is a quiet trade. Spot prices are steady, flour being firm and tending dearer. Oats, peas and beans are firmly held st late rates. Sugar Is unchanged. LONDON MARKETS. Received Feb. 3, 7.30 p.~. London, Feb. 2. Butter.—Following a decline of 30s, Danish butter is tn demand. Australian and New Zealand very quiet, buyers being caution*. Choicest New ealand salted, 135 s to 140 s; unsulted, 155 s to 1655; Australian salted, IM* to 128 s; unsalted, 132 s to 140 s. Cheese.—The market is firm. New Zealand wldte, 92s to 945, colored 96s to 98s; Australian, white 84s to 86s, colored 86s to 99*. exceptionally good up to- 925. Wool.—The sales have closed, 192,728 bale* having been offered, practically all being sold. The most distinctive feature has been the improved home competition for all grades vf crossbreds. Fine have shown great strength throughout, and medium low attracted support by reason of the relative cheapanaa. The finer grades closed at par to five pee esat. above the opening rates. Medium coarse maintained the full opening advances; allpea were ten per cent, above opening ratea, sad Merinos, after reaching ten per cent, above opening prices, were somewhat irregular towards the close, but all finished five per cent, up. Lambs’ wool met with abnormally kaaa inquiry, and closed 20 per cent, above December rates.

The Bradford market is steady, spinners oely covering orders, and quotations generally are unchanged, but Merinos have a slightly easier tendency.

ADELAIDE WOOL SALES. Received Feb. 3, 11.30 p.m. Adelaide, Feb. 3. At the wool sales competition was keen. Merinos advanced 20 to 25 per cent. —Aus.N.Z. Cable Assn. LONDON METAL MARKET Received Feb. 4, 12.10 a.m. London, Feb. 3. Copper.— £62 8s ftd and £62 8s 9d. Lead.—£2l 12s Gd and £2l 10s. ' Spelter.—£24 10s and £25. Tin.—£ls6 2s 6d and £157 8s 9d. Silver.—2s l-8d per ounce. INGLEWOOD* SALE The Hawera races notwithstanding, there was a fair attendance at the Farmers' Co-op. yards on Wednesday, when a good number of sheep were offered and sold. F.m. ewes, ds; ewea and lambs, 19s; woolly lambs, mixed rapefed and store, 9s Bd. A moderate number of cattle were yarded, and sold: Jersey weaner heifers, 40s to 61s; 15-month steers, 22s 6d; 18 to 20-month Jersey strain heifers in calf, £6; fat cows, £4; stores, 30s to 555; bulTs, £2 12s 6d. /