COMMERCIAL.

Taranaki Daily News, 11 March 1922, Page 5

COMMERCIAL.

SOUTHERN MARKETS. THE WHEAT POSITION. By Telegraph.—Press Association. Christchurch, Last Night. The wheat position is developing unsatisfactorily. Millers apparently resent the regulations that give them only second choice of Tuscan wheat, and are very fastidious over the selection of the dearer grades. Rejections at Lyttelton are becoming disquiefingly large, and it is obvious that full supplies of fowl wheat ere becoming available. Oats are coming forward in very small quantities, but nevertheless sufficient to meet inquiries. There is a much healthier tone in the seed market. A lively cocksfoot demand has developed, and business between merchants of machine-dressed standard seed has taken place at B|d, equal to s.]<l tn farmers for undressed. The fact that merchants are operating between one another for dressed seed is an encouraging sign. Perennial and Italian ryegrass and Western Wolths are meeting active business, due to North Island enquiry. Western Wolths have sold at 5s for machine-dressed sacks extra, and ryegraSs.es at 4s 9d. equal respectively to 3s 6d to 3s 9d and 3s 3d to 3s fid, according to qualify, for foment* undressed at country stations. A storm on Thursday afternoon did n good deal of damage to the pea crop. Up to 8s was paid to-day at country stations far partridge. Quotations for potatoes are unaltered. The crop is developing satisfactorily. LONDON METAL MARKETL. Received March 10, 10.5 pjn. London, March 9. 8 gj Pper ““ Spot ’ £6 ° 88 9d ; forward, 6d Lead.—Spot, £2O 15s; forward, £2O 12« Spelter.—Spot, £25 15b; forward, £25 15s. Tin.—Spot, £142 2s 6d; forward, £l4l 2s Od. Silver.—33Jd per oz. LONDON WOOL SALES The. Department of Agriculture has received the following cablegram, dated Sth instant, from the High Commissioner for New Zealand, London; “Wool sales opened yesterday with large attendance of buyer*. Competition at beginning hesitating, but tone improved as auction proceeded. Pricsa all round show decline on closing rates last series. Superior merinos from par to 5 per cent.; ordinary and inferior merinos, 10 per cent.; fine crossbred, 7J to 10 per cent.; medium, 5 to 7i per cent.; coatML par to 5 per cent, cheaper. Scoured and slipe show little change. Total auantitisa of and free wool available this series, which is arranged to close on March 31, are: Australian, B.A.W.R.A. 55 000 free 71,000 bales; New Zealand, B.A.W. R.A. 30,000,, free 38,500 bales.”