COMMERCIAL.

Taranaki Daily News, 24 February 1922, Page 5

COMMERCIAL.

I LONDON MARKETS. WHEAT CARGOES. By Telegraph.—Press Assn.—Copyrlgtt. Received Feb. 23, 9.5 p.m. London, Feb. 22. Wheat cargoes opened quiet on American and Canadian advices, improved with a good demand, and closed threepence to sixpence over late rates. Sales: Australia, 57s 9d; Dorsetshire, price secret; parcels Woodfield, 60s 6d; Te Alamon, Themistocles and Verentia, on passage, 57s 6d; ex three unnamed ships, 60s and 60s 6d; arriving, 58s 3d; early February, 57s 6d; February quotations cargoes, January, 57s 9d; February-March, 57s 6d; parcels Janu-ary-February, 57s 6d; March, 57s 3d. There is slight reaction in British giltedgeds, but Colonials maintain firmness. P. and 0. shares, £320 and £240. AUSTRALIAN MARKETS. Received Feb. 24, 1.15 a.m. Sydney, Feb. 23. Oats.—Algerian feed, 3s 8d; white, 4s. Maize.—Yellow, 5s lOd; white, 5s 6d. Potatoes.—Tasmanian, £7 to £7 10s; Victorian, £lO. * Adelaide, Feb. 23. Oats.—2s lOd to 3s. THE TALLOW MARKET. Received Feb. 23, 9.5 p.m. London, Feb. 22. At the tallow sales 2133 casks were offered and 1162 sold at late rates to an occasional advance of sixpence. Mutton brought 42s 3d to 39s 6d. and beef 33s to 39s 6d. PROPOSED WHEAT POOL. Received Feb. 23, 9.5 p.m. London, Feb. 22. Lead*ng wheat importers are of opinion that there is little prospect of successffl formation of a Canadian, Australian and United States combine. They think the promoters are reckoning without the wheat importing countries, who will have something to say in the matter. The obvious question is if it has been impossible to arrange a wheat pool for the whole of Australia, how is it possible to do so for Australia, Canada and the United States together ?