COMMERCIAL

Evening Star, Issue 17604, 8 March 1921, Page 5

COMMERCIAL

WHEAT PRICES. " The prices for wheat have been fixed,” states the. Prime Minister, "but no announcement can bo made as yet, as arrangements in regard to subsidy are being completed by the Audit Department and tho Treasury. We cannot fix the price, of bread," added Mr Massey, "till we have fixed the price of flour, and have decided upon the amount of subsidy to be given, if any.” In connection with the above, a Christchurch auctioneer slated the other day to buyers“ I, have been told on best authority that the Government is prepared to give 8s a bushel for this year’s wheat, and'”.also to fix a 5s limit for next season’s. I cannot guarantee that, but I believe it’s right!” WOOL SALES. Messrs Dalgety and Co., Ltd., report having received the following cubic from thoir head office, London, dated March 5 : —Wool sales closed fairly firm at lowest level. As compared with last sale’s closing rates, medium wools, super greasy, 5 to 10 per cent, lower; best free merino wools (scoured), 5 to 10 per cent, lower; merino wools of other descriptions, 20 to 25 per cent, lower; cross-bred wools, fine quality, 10 to 15 per cent, lower; crossbred wools, medium and coarse quality, 20 to 25 per cent, lowert Continental buyers are operating freely. Homs buyers have bought a fair quantity, American buyers a small quantity. Free wool, 45.000 bales offered, about 70 per cent, sold; Government, 75,000 bales offered, about 60 per cent. sold. MELBOURNE WOOL SALES. MELBOURNE, March 8. (Received March 8, at 11.30 a.m.) Cross-breds and come-backs were much in evidence at the wool sales. Though there was a full attendance of the trade, competition was most disappointing. A mature, of the sale was the absence of American competition. The market is demoralised. SALES ON ’CHANGE TO-DAY. Wellington.—N.Z. Inscribed Stock (1939), £B3 10a.