COMMERCIAL.

Auckland Star, Volume LVI, Issue 65, 18 March 1925, Page 9

COMMERCIAL.

GRAIN AND PRODUCE. TUAIBLE IN WHEAT. c CANTERBURY MARKETS. ° (By Telegraph.—Press Association.) t CIIRISTCHDRCn, Tuesday. i .. Speaking iv respect of the wheat ques- » I "on, a representative of a milling concern f j stated that the position to-day was that {i ne did not want to buy any wheat, even i ,at b/9 a bushel, having at least three ii I months' supply on hand. Owing to the f manner in which the wheat market was . tumbling down everywhere there was no '' saying what would happen, and for this i-1 reason he was prepared to await developI ments before making any further purI chases. A week ago he was anxious to • b "y wheat, but the position had since s , changed, although he had bought one or two r i lots that day. Cabled advices had been received from Australia, he said, to the II effect that very little business was being clone in wheat, although quotations did not show the same reductions in Sydney and = Melbourne as in America. In mc meanbl H Vt ta , raier ?, were beginning to wake up -;2 • c ? & £ &/9 was l uite a R° od Price for . their stuff, and were offering as much as <■ required. It was his opinion, that - most of the mills had three months' supply on hand, although it was possible that in • "unedin and other centres away from the ' W U" prn^lus flistr 'c f s the position might 3 be otherwise. He added that since Friday - or v b 'i tuniar h e had been able to purchase wheat at 6/9 a bushel. 'a S hay^c goue «P in value again, and A Gartons have been sold at 4/8 fob si i and « Bs ., at 4/3. Last Saturday A's were i worth 4/5 1 and B's 3/10 i. Thege prices I were in respect of " paper" oats. The , P c oyo° farmers to-day is 3/3 on trucks ' to d/ 8, according to quality, Duns being I 1 worth 3/3 to 3/9. Algerians are quoted r at from 2/6 to 2/10. Machine dressed or clipped is quoted at 4/6 f.0.b., s.i. There is a feeling among farmers that there will be a shortage of oats. The purchase by . an oatmeal miller of a good line of oats . a rrw days ago no doubt has been the cause of the ball being set rolling in this L direction. , Partridge peas are dull at 5/6 on trucks Linseed is firm at from £19 to £20 All i business that has been done in this line [ however, has been between merchants them- ' A fair number of orders are coming to - hand in respect of potatoes, and farmers , are sending iv their stuff in satisfactory , quantities, being evidently anxious to get ' their potatoes out of the way. Quite a ; lot of potatoes have ,been going North •' I'l } y l aiul Uis estimated by one merchant I T v u e em 2 of the mo,l *:h about 1000 tons will have been thus disposed of. The , two steamers that were expected to tret . away for the North during the week-end were unable to do so, but are due to sail nL any * time - no , w V UntU these Potatoes arrive at their destination it is not likely that any large orders will be received from this quarter, for the reason that consignees will want to see how they turn Jt . . ia . considered that if o°ions were not Ko high in price as they are at present t? IS r: ould . be n bigger demand for them. Until the price comes down to an appreciable extent it is not thought they will be sought after in large quantities! LONDON BUTTER MARKET. Messrs. Dalgety and Company, Ltd., are in receipt of the following cable from their head office, London, under date 15th inst. : Total imports of butter into the United Kingdom for February was 620.000 cwt The total imports of butter into the United Kingdom for the corresponding period 'ast f" ™, 454,000 cwt. Butter afloat 1a o 60800" XeS ' aS compared Witu a year Cheese!— 110,000 crates, as compared with last year, 166,000. LONDON WOOL SALES. i Messrs. Dalgety and Co., Ltd., hare ' ar Cci i5 C -_i he followin 5 cable, dated Febru- ■ \ t "- W ° ol , sales continue animated, i Icn V° ,Z 0 2i improved demand. Crossl pared with these sales' opening rates Sales . close March 20. Since the opening of the 1 f r i c n the r ?? s ? of prices realised is now 1 as follows: Merino, good to super 30d, 33d • . low to medium 22d, 29d ; halfbred, 56/58 2 2W 2fi,i ? U ?n/-F d ' W' low t0 medium 21d, 26d ; 50/oC, good to super 25d, 2Sd 1 low to medium 20d, 24d; fine crossbred f good to super 23* d, 26d, 48/50, low to - 23d / 4e ' 4S ' eooa 'to rape? 23d, 241.d, low to medium 19d, 22id • n crossbred, 44/46, .good to super 21d, 22id' low to medium lSd, 20Jd, 40/44 low to , "Wlium ma. 20d, good to super 20Jd 19jd °"ld S " crossbred > 3(5 / 4 °> good to super