COMMERCIAL.

Taranaki Daily News, 8 July 1922, Page 5

COMMERCIAL.

CANTERBURY PRODUCE MARKET. By Telegraph.—Press Assn.—Copyright. Christchurch, Last Night. Under-grade wheat is still lacking an outlet, though a fair quantity has gone into consumption as fowl wheat. There is a much larger proportion of seconds this season, and some of it is of very inferior quality and can only find a market at low values. The amount of good fowl wheat is affecting the disposal of the low grade stuff. Business in fowl feed is not very brisk, but generally there is a greater disposition on the part of holders to quit. Values are approximately about 4/3 f.ob. Business in cowgrass has taken place for export at 135 s per cwt., about 1/2 per bushel, equivalent to lid for undressed at country stations. For good seed something more than this figure has been paid. As the result of some weeks of business, very little is now held in store. Values to farmers may be quoted at lOd to lid. Both perennial and Italian ryegrass are very firm, but there is a wide spread between merchants’ ideas of values. Some lines of perennial have been purchased during the week from farmers at as high as 4s to 4s 3d, .but the latter price is for extra good 23-24 lb. seed. Italian has been the medium of business at a shade lower, from 3/8 to 4/- for perennial and 3/7 to 3/10-for Italian at country stations covers values. Cocksfoot is quiet at from to s|d, and white clover is worth to farmers 1/- to 1/4. There is little doing in linseed, as only one outside the outlet is available, Australia, and the scope for export there does not provide for much more than £1.4 per ton at country stations. Oats are weaker if anything, and some business has taken place between merchants at equal to 2/3 for A Gartons. There is practically no inquiry for chaff, and from £2 15s to £3 is about all merchants are prepared to offer. The potato market remains about the same, and in the opinion of some merchants there is scarcely the freedom about the market that there was last week. Prices may be quoted country stations at £4 5s to £4 10s for Russets and Whites, and 2/6 extra for Dakotas. The slight weakening is probably due to Timaru quoting a shade lower than the above figures.

THE WOOL TRADE. ENGLISH MARKETS. By Telegraph.—Press Assn.—Copyright. Received July 7, 55 p.m. London, July 6. There was a good attendance at the Liverpool wool sales and keen competition. Merinos were very firm at London closing rates; fine crossbreds were a shade dearer, others unchanged; Continental sorts par to 5 per cent. down. Buyers were operating freely. Bradford wool quiet and quotations slightly easier. Sixtyfours old to 53d, fifty-eights 38d, fifty-sixes 29d to 30d, forty-sixes 15d. Received July 7, 7 p.m. London, July 6. Cargoes are quiet, owing to free offering from Argentina. Wet weather in Britain is arousing fears of the late harvest. Quotations: Spot Australian ex-ship 575. Flour, 40s to 41s. Barley steady; Australian chevalier 49s to 52s 6d. Oats firm. Beans steady. The NS/" Zealand Loan and Mercan tile Agency Co., Ltd., have received the followinggpablegram from their London house under date July 5, 1922: New Zealand Frozen Meat: Lamb. — ll%d . lb. Mutton (wether and maiden ewe), light 6|d per lb., heavy 5% per lb. Ewe, light sfd per lb., heavy 4%d pel* lb. Small demand. Beef: Ox, hinds per lb., fores 2£d per lb. Cow, hinds 3%d per lb., fores 2|d per lb- Better market. THE PIG MARKET. Only two store pigs were penned at Newton King, Ltd.’s New Plymouth Haymarket yesterday. They realised 26s 6d each.