COMMERCIAL.

Taranaki Daily News, 7 October 1922, Page 5

COMMERCIAL.

CANTERBURY MARKETS. By Telegraph.—-Press Association. Christchurch, Last Night. The short offerings of potatoes for some Weeks and the bare position of the Auckland market haa created a rapid advance In values, which reached at Its highest point £8 per ton f.o.b. sacks in, equal to £6 He to farmers. Then the cargo of 9000 sacks which went north early in the week indicated that the source of supply was not altogether dried up, and instead of merchants looking for supplies during the week the position has rather been that growers are looking for buyers. Merchants are buying very sparingly and some not at all. At this late period of the year it is fairly agreed supplies in growers* hands in this part of Canterbury are very small. During the past day or two dakotas have been sold at £5 10s at country stations and whites at £6 ss. Whites hare been offered without much response at £7 10s f.o.b. sacks in. To-day's price represents generally a drop of 10s a ton on the figure ruling a week ago. Probably a slight steadying up will take place ns a. result of the small consignment taken on board the Wingatul from 400 to 600 sacks to-day. The export of oats has practically ceased to Australia, and home offers provide no margin for export at present. Milling wheat has been selling freely to North Island mills, the business making a fairly satisfactory Inroad on Hie stocks on hand. Fowl wheat maintains a fair amount of activity nt 4s to 4s 3d f.o,b. The pool for under-grade wheat is attracting no entries worth sneaking of as far as Canterbury is concerned. It is expected Otago and Southland may participate in the scheme, but in any case the extent will be measured by the yet unknown quality of the wheat still to be threshed, which is considerable. There has been n brightening of the white clovtl market, and farmers’ undressed Is* worth v* to Is 4d per lb.

LONDON MARKETS. By Telegraph.—Press Assn.—Copyright. Received Oct. 6, 8.25 p.m. London, Oct. 5. Wheat cargoes are firm and there is fail business at late rates. Parcels advanced 3d to 6d: slow trade on spot and prices generally firm. Flour.—-Quiet; Australian ex store 37s 6d. Barley.—Well maintained. Oats.—Flnm, but trsde slow. Beans.—Quiet and unchanged. > Peas.—Slow and tending easier. LONDON MEAT PRICES The New Zealand Loan and Mercantile Agency Company, Ltd, have received ths following cablegram from their London house under date 4th Instant:— New Zealand Frozen Meat.—Market dull with little demand. Quotations unchanged. Last quotations, dated September 27, were : Lamb.—ll %d per lb. Mutton.—Wether and maiden ewe, light 7Hd per lb., heavy 6%d per lb.; ewe, light 5%d per lb., heavy 5%d per lb. Beef.—Ox hinds 4%d per lb., fores 3%d pci tb.; cow hinds 3%d, fores *2%d per lb. THE WOOL MARKET. BRADFORD AND ANTWERP. Received Oct. 6, 10.40 p.m. London, October b. The Bradford wool market is very firm for fiO's and upwards. Spinners are disinclined to operate at the prices asked. Quotations: 64's, 60d; 60’3, 52d: 50’s, 22%d. Mediumlow crossbreds unchanged. Antwerp, October 5. At the wool sale there was great animation at the first sitting, and prices were 5 pet cent, higher for all classes. Ten thousand balei were sold. LONDON METAL MARKETS. Received Oct. C. 10.40 p.m London, Oct. 5. Copper.—Spot £63 Is Id; forward, £63 Ils 3d. Lead.—£2s 2s 6d and £24 6s 3d. Spelter.—£3B and £32 7s 6d. Tin.—£l63 Ils 3d and £154 Ils 3d. Silver, 35 %d per ounce.