COMMERCIAL

Hawera Star, Volume XLVIII, 18 March 1925, Page 10

COMMERCIAL

.LONDON MARKETS. HIOH COMMISSIONER’S REPORT. Die Department of Agriculture has received the following cablegram, dated March 14, from the High Commissioner for New Zealand, London : Butter. New Zealand weaker earlier this week, owing to the operations of speculators. Sold down to 1725, but recoverel later. Australian very little changed. Official quotations are : . New Zealand. —Finest salted : 174 s to 180 s per cwt. (Is 6Jd to Is "id per Ih). Unsalted: 186 sto 190 s per cwt. (J.s 7j|-d to Is 81d per lb). Other qualities: 160 s to 174 s per cwt. (Is old to Is 6Jd per Ih). (New Zealand market closed steadier after irregular selling earlier this week.) Australian.—Market firm owing to small supplies. Salted, 176 sto 180 s per cwt. (is 62d to Is 7id per in); unsnlted, 182 s to 184 s per cwt. (Is 7-Ad per lb). Other qualities: Salted, 166 s to 174 s per ewt. (Is d)d to Is 6fd per lb); unsalted, 170 s to 180 s per cwt. (Is 6id to Is 7-id per lh). Argentina.—Steady at 176 s to 180 s ]ier cwt. (Is 63d to Is 7-id per lb). Other qualities, 170 s to 174 s per cwt. Danish. —232 s to 234 s per cwt. (2s Id to 2s lid per lb). Cheese.)

.Market firm. Official quotations are : English.—Finest farmers’, firm. Colonial market steady, 128 s to 132 s per cwt.

Canadian. —Coloured and white; in small supply, 108 s to 110 s per cwt. New Zealand. —Coloured and white, 103 sto 104 s per cwt. Australian.—Coloured and white, 102 s per cwt. Shipment of New Zealand produce arrived this week per Kumara.

SYDNEY WOOL SALES. SV CABLE —PRESS ASSOCIATION—COPYRIGHT SYDNEY, March 16. At the wool sales the market appeared to have lost the hesitancy which existed last week for broader haired wools, and all qualities, particularly iine wools, sold under very full competition at'the‘best rate since the sales reopened. Competition was much more general and a good clearance was made.

CANTERBURY MARKETS. TELEGRAPH PRESS ASSOCIATION.) CHRISTCHURCH, March 17. Oats have gone up in value' again. A Cartons have 'been sold at 4s Bd, i'.o.b. and sacks in, and B grade .at 4s 3d. Last Saturday A grade were worth 4s s£d, anl B 3s These prices were in respect of ‘•paper” oats. Ihe price to farmers to-day is 3s 3d on trucks to 3s Bd, according to quality, Algerians are quoted at from 2s Jd to 2s lOd. Machine di’essed or clipped is quoted at 4s 6d f.o.b. and sacks in, anl there is a feeling among farmers that there will be a shortage of oats.

WHEAT MARKET. 1 DEVELOPMENTS AWAITED. CHRISTCHURCH, March 17. Speaking to a reporter to-day in regal d to the wheat question, a representative of a milling concern stated that the position to-day was that he did not want to buy any wheat, even at 6s 9d, having at least three months’ supply on hand. Owing to the manner in which the wheat market was tumbling down everywhere, theer was no saying what would happen, and for this reason he was prepared to await developments before making any further purchases. A week ago he was anxious to but wheat, but the position had since changed.' Cabled advices had been received from Australia, he said, to tlie effect that very little business was being done in- wheat, although quotations did not show the same reductions in Sydney and Melbourne, as in America, fn the meantime farmers were beginning to awake to the fact that- 6s 9d was quite a good price for their stuff and .were offering as much as was required. It was his 'ppinion that most of the mills had three months’ supply on hand, although it was possible that in Dunedin and other centres away from the wheat-growing districts the position might be otherwise. He added that since Friday or Saturday he had been able to purchase wheat at 6s 9d a bushel. \