COMMERCIAL.

Taranaki Daily News, 1 April 1922, Page 5

COMMERCIAL.

CANTERBURY PRODUCE MARKETS. By Telegraph.—Press Association. Christchurch, Last Night. There is a freer offering of rejected wheat for fowls’ feed, and frequent sales at 4s fid ex sacks. It is reported from the North Island that poultrymen are protesting against the current charge there for poultry feed at 7s 6d per bushel, and on the present Canterbury basis there is a source of justification for the complaint. The danger is that high prices will so restrict consumption that stocks will eventually constitute a glut, with an inevitable sag in values. It is understood that there was a serious intention on the part of some owners of rejected wheat to test the legality of the Government’s action in lavish rejections that have been made of wheat offered for export. The contention is that the Government is interested in keeping down the quantity of exportable wheat to minimise its losses. There is a decided “other side”, however, a great deal of the earlier wheat forwarded being in a very bad condition. However, it is understood that the idea has been abandoned.

“A” grade garton oats are a shade firmer. Bad and lowest prospects from the south are influencing the firming for good samples, just as it is naturally influencing it the other way for “B” 's. “A” grade gartons are worth to fanners at wayside stations up to 2s Bd, and “B” ’s 2s 4d. The cocksfoot market is quieter, due, doubtless, to purchases for the North Island sowing being practically completed. A sale of machine-dressed for overseas at Bid is reported, equal to about s|d to farmers.

White clover is in firm request. It is reported that sales of good farmers’ undressed have taken place at from Is Id to as high as Is 3d in one case. Red clover is not yet offering. Ryegrass is still firm. Much of the seed offering is indifferent, and values cover a wide range from 2s 9d to 3s 6d. A little business has taken place in linseed. One sale was on the basis of £l4 f.0.b., equal to £ll to £ll 10s on tie trucks. Partridge peas are a snaat urnier as a result of the wet weather. Partridges are worth 7s 6d to 8s; white ivories, 7s to 7s 6d; Prussian Blues 5s 6d to 6s at country stations. Potatoes remain about the same for prompt delivery. They are worth about £4, and later £3 10s to £3 15a. STOCKS AND SHARES. Auckland, Last Night. Sales: Soldiers’ Bonds, £94 17s 6d; New Zealand Inscribed Stock, 1939, £9O 12s 6d; Bank of New Zealand, £2 9s; Union Bank, £l2 ss; Wilson’s Cement, 15s 3d. WHEAT CARGOES. By Telegraph.—Press Assn.—Copyright. Received March 31, 11.10 pjij. London, March 30. Cargoes are nominally unchanged, but there is an easier tendency, owing to lower American advices. There was no bidding to test the market. Parcels are very quiet, though spot trade is active. Australian due are quoted at 60s. OTHER PRODUCE. Flour is slow; Australian, ex store, 475. Barley is quiet. Australian Chevalier, 48s to 535. Oats are easier. New Zealand (landed), 375. Beans and peas are quiet but firm. Sugar is unchanged. Butter. —The market is very firm, with a strong demand. Colonial, salted and unsalted, is fetching practically the same prices. secondary being within a shilling of the choicest Australian, 176 s to 178 s; exceptionally good, 180 s; New Zealand, 188 s to 190 s; Danish, 205 s to 210 s. Cheese.—The market is firm, but trade is slow. New Zealand white, 94s to 965; colored, scarcer, 98s to 100 s; Australian white and colored, 86s to 88s; exceptionally good 965. LONDON METAL MARKET. Received March 31, 10.55 p.m. London, March 30. Copper.—Spot, £57 18s 9d; forward, £5B 13s 9d. Lead.—Spot, £2l 17s Gd; forward, £2l 7s 6d. Spelter.—Spot, £25 12s 6d; forward, £25 15s. Tin. —Spot, £143 Is 3d; forward, £144 12s 6d. , Silver.—33 7-8 d per oz.