COMMERCIAL.

Taranaki Daily News, 21 August 1922, Page 2

COMMERCIAL.

LONDON MARKETS. By Telegraph.—Presi Assn.—Copyright. Received Aug. 18, 12.45 a.m. London, August 16. Despite pressure to sell and a depression in prices of wheat cargoes, buyers are staying their hands, owing to the political and financial uncertainty. Parcels are somewhat flrAt. the tallow sales 1791 casks were offered and 550 sold. Prices are unchanged. The exchange on Berlin is 4400, after touching 4750. London, Aug. 17. Wheat cargoes are Inactive, consumers holding off in view of the proximity of American supplies and the home harvest. Parcels are tn fair demand at lower rates. There is fair trade in spot Australian ex ship at 55s 3d. Flour is quiet; Australian ex store 38/6. Oats are dull; New Zealand A grade 445, B 365. Barley is quiet and nominal; Australian for shipment 30s to 45s c.i.f. Peas are slow; New Zealand blues on spot 360 s to 400 s. Maples for shipment 97/6 c.i.f. Beans unchanged. LONDON METAL PICES. London, August IT. Copper—spot £64 Is 3d, forward £64 3s 9d. Lead, £24 12s 0d and £23' 17s 6d. Spelter, £3l 12s 6d and £3O 12s 6d. Tin, £l6l llis 3d and £l6l 13s 9d. Silver 34 7-8 d per ounce. MELBOURNE HIDE SALES. Melbourne, Aug. 18. At the hides sales competition was very keen for lights, which were a farthing to a halfpenny dearer. Heavies with no substance, and badly-conditioned parcels, were irregular and neglected. AUSTRALIAN MARKETS. Sydney, August 17. Oats.—‘Algerian feed, local and Tasmanian, 4s and 4s 2d, white 4s 2d and 4s 4d. Maize.—Yellow 5s od, white 5s 4d. Potatoes.—Tasmanian £l2. Onions. —Victorian £l7 10s to £lB. Adelaide, August 17. Oats, 3s and 3s 2d. THE WAIHI MINE. M Auckland, Last Night. The Walhi mine, during the period ended August 5, treated 15,342 tons of ore for 4419 ounces of gold and 29,577 ounces of silver. Last year 13,950 tons yielded 4033 ounces of gold and 42,084. ounces of silver. SOUTHERN MARKETS. Christchurch, August 18. The produce market is almost devoid of life. The potato position, if anything, has moved toward easier values. A couple of boats during the week have taken a small consignment, aggregating about 3000 sacks, to Auckland, and the Opihi and the Wlngatui are due to leave within a week with further supplies, the Wlngatui probablj’ with a big consignment, as it is tnen approaching the end of the month. However, under the 1922 conditions of delivery buyers are not accepting until the last day. Private advices are that tubers are offering ex wharf at Auckland up to £6 15s a ton for whites, and reds less. This leaves the f.o.b. price lower than recently quoted, and obviously does not. warrant £4 5s per ton at country stations, which is being quoted. As a matter of fact, sales have taken place at less than that figure. Farmers are offering, but not very freely, possibly their attitude being that it is unprofitable to take the tubers out of the pit in anticipation of finding a market with so many potatoes available in Auckland. It was reported in town to-day that enquiries for potatoes had been received from Australia, but how export can be anticipated in face of the embargo cannot be imagined; In any case, reports from Australia are against a possible potato shortage there. f Oats are weaker and B’s have been offered at 2/8 f.0.b., sacks in, equal to 2/1 at country stations; and A’s at 2/10. Chaff is weak at 55s to 60s, at country stations. Blenheim Is underselling for the North Island trade. Cocksfoot has come back. It is understood quotations of Danish seed have been made on a c.i.f. basis of 8d per lb. Local merchants who were quoting 9d last week are now naming B%d to B%d, but so far it is not reported that actual purchases of Danish have been made. Quotations locally are 5d to 5%d at country stations. Linseed is inclined to be weaker, £l4 being quoted to farmers. Cowgrass and ryegrass are unaltered. Fowl wheat is quoted at 4s f.0.b., with littlo doing.

LONDON MARKETS. The New Zealand Loan and Mercantile Agency Co., Ltd., have received the following cablegram from their London house under date 16th instant: Tallow: We quote present spot values for the following descriptions: Fine mutton 41/6 per cwt., good beef 40/3, mixed 36/-. New Zealand frozen meat: Lamb quotations unchanged (last quotation, 9/8/’22, 10%d per lb). Mutton market firm, with upward tendency (last quotation, 26/7/'22: Wether and maiden ewe, light 6 3-8 d per lb. heavy 5 3-8 d; ewe, light 4%d, heavy 4V 2 d). Beef—ox, hinds 4 5-8 d per lb, fores 27-8 d: cow, hinds 3%d, fores 23-8 d). Better market.