COMMERCIAL.

Taranaki Daily News, 4 March 1922, Page 5

COMMERCIAL.

SOUTHERN MARKETS. By Telegraph.—Press Association. Christchurch, Last Night. It was reported to-day that the stores and sheds at Lyttelton are already being well stocked with wheat, and the Government grader is picking only the beat of milling quality to cover the estimated export quantity, and millers are left with no second choice. As they are resolved not to buy heavily, on account of the extra Government charge of 7|d per bushel, they will take only the best of what is left to their choice, and the result is that the market is likely to be flooded with fowl wheat, which to-day is selling at 4s 3d to 4s 6d per bushel on trucks at country stations, but will probably soon show a recession in. value. It is reported that the millers, in reply to their protest, have been informed that the Government does not intend to depart one iota from the regulations gazetted. Trade in oats has been a little slacker this week. The demand is small and the supply is equal to it, and there is no change in the quotation—2s 3d to 2s 6d for Gartons, and up to 2s 2d for Algerians. The seed market has livened up. Cocksfoot is bringing from 4d to sd, and a considerable quantity of machine-dressed has been disposed of this week. There is good enquiry for ryegrass, and several lines have been sold at 2s 6d to 3s. A few sales of barley for shipment have been recorded at 3s 9d to 4s for good quality f.0.b., but there is practically nothing doing in local operations. Owing to several enquiries from the north the market for onions has improved. The weather, however, has militated against large quantities being offered. Round about £5 is now being given for onions at country stations. COLOMBO TEA SALES. By Telegraph.—Press Assn.—Copyrlgtt. Received March 3, 8.10 p.m. Colombo, March 2. ‘ At the tea auctions the selection was fair, but the quality showed a distinct faffing off. Bidding was slow, excepting for finest quality, and the market was generally easier. Fannings sold at 90 cents, to a rupee; dust at 70 to 75 cents. LONDON METAL MARKET. Received March 3, 10.50 p.m. London, March 2. Copper.—Spot, £59 Is 3d; forward, £59 18s 9d. Lead.—-Spot, £2O 10s; forward, £2O 7s 6d. Spelter.—Spot, £24 15s; forward, £25 2s 6d. Tin.—Spot, £l4l 7s 6d; forward, £143 17s 6d. aai-fid pg £$