COMMERCIAL

Greymouth Evening Star, 30 November 1926, Page 7

COMMERCIAL

WHEAT PRICES LOWER. (Australian and N.Z. Cable Association) NEW YORK, November 29. The Chicago wheat commission houses are beginning to feel the effects of a shrinkage in orders from the general public' and from the professional operators. The shrinkage is due to a continued “bear” market. Chicago is unlikely to increase its stocks unless the prices of wheat advance to a level where it will be profitable to mave wheat from the Missouri River markets. Rains in the Argentine have interfered with the harvest there, and also have possibly damaged the crop in the northern section. The Canadian wheat situation is regarded as being most “bearish,” with twenty-seven million bushels of grain, which largely comprises wheat loaded on the railways and now seeking storage facilities. The Canadian farmers are selling freely. The interior deliveries are now a million bushels daily behind those of last year. SYDNEY WOOL SALES SYDNEY, Nov. 29. At the wool sales to-day the market was fully equal to the closing, rates of last Week for all descriptions, which met a good general demand. All wools possessing fineness were in special request, but wools of taking quality showing dust or burr were very irregular. Come-backs and crossbreds realised late rates. Greasy merinos sold to 25-J- penceFROZEN MEAT. Messrs Dalgety and Company Lim-' ited report having received the following cablegram from their London

House under date of November 25. Lamb. N.Z. Prime Crossbred Lamb, Canterbury, heavy, "id, light 9„d; North Island, heavy 7d, light 9}d» Market, any changes in favour of buyers. Demand, poor. Mutton. N.Z. prime crossbred mutton, Canterbury heavy sid, light GAd. North Island heavy, sd, light, s:'id. Market weak, demand runs principally on light weights. Beef. N.Z. Prime ’Ox Beef, hinds 4 Ad, fores 3Ad. Market firm, demand better owing to cold weather. Pork. Quotations for spot with thfc exception of 801 b carcases decidedly weaker. Quotations average for 1051 b carcases 10 Ad, baconers Bid. ARAHURA FAT STOCK SALL. Yesterday’s fixture at the Arahura Yards attracted the usual attendance of buyers, and while the quality of the yarding was good competition was not so keen as usual, heavy cattle showed a marked decline in prices, while medium and lighter finished sorts were more in demand. Prime ox beef ranged from 36/ to 42/ per 1001 b, ditto heifer from 32/ to 37/ per 1001 b, medium heifers from 30/ to 35/. Messrs W. Jeffries and Co. sold as follow: —On account of Messrs Sullivan Bros., 2 bullocks at £l2 17/6, 2 ditto at £l2 15, 3 ditto at £l2 12/6, 2 ditto at £l2 10, 3 ditto at £lO 5/, 2 heifers at £9 126, 4 ditto at £9 7/6, 2 ditto at £9 5,2 ditto at £9 2/6, 7 ditto at £8 17/6, 4 ditto at £8 15/, 5 ditto at £8 12/6, 3 ditto at £8 73, 4 ditto at £8 5/, 1 cow at £B, 2 steers at £ll. On account of Mr J. Havill, 1 cow at £4 1 ditto a t £4 5/. On account of Mr L. Kelly, 1 heifer at £4 12/6.