COMMERCIAL.

New Zealand Herald, Volume LVIII, Issue 17959, 8 December 1921, Page 5

COMMERCIAL.

.^•n- *■'-'-■ , -.'*....:'■' '.j.'-.i: prices; for wheat, ACTIVE DEMAND IN SYDNEY. The wheat market was distinctly afronger yesterday,;, saya th* Sydney ■ Daily Telegraph of )>cember,t. Cablegrams reported % firmer position, in ./London, ■ and that, combraed with a certain amount of pressure on the "part of local shippers and millers to obtain prompt delivery, accounted for an upward movement in prices. The advance ranged from Id to Ud a bushel, compaied with the previous "Tiay's rates, within occasional higher indication. Farmers were mostly offered up to 4s 2d for prompt or early December loading at country stations, and 4s lid "for later December and January deliveries. Ihose prices were' reckoned equivalent to 4s 9d and 4 e B>d respectively on trucks Darling Island. It was dated that up to 4 B 3d was offering, hut verificammi ° t * port waa laoltin «'' Millers' continued to ehow particular anxiety to obtain wheat for early Decerabor a-ristrag. and paid 4a lOd for truck lota for promut delivery at Darling Mead. Inomnee oontiriued io flow in from many oversea countries. India and Japan being particularly keen operators. The stronger trond, of the British and Continental markets is said to be due in some measure to a shortage at ccrttfin ports under contract* entered into under old pool conditions. It ha s been possible, therefore, for Australian exporters of new wheat to mike sales to Buch'ports at better ratea th SS we / e n V! nB «l«lier in the seaatn. The Argentine situation is just now a dominating factor in the London market, that country, on/latest advices, was said to have an exportable surplus of about 14 million Quarters. Speculators, however are reported to be operating in South American wheat at prices which would indicate considerab e faith in the future of the market. Generally speaking, the beat informed S™ T 0 ? Syd ? 6y shippers is that the ovornoa wheat market is more likely to SEES? SS? d ? lw » during, the next few ?« „;.„f lt J ,ou ßt no .«n»tK>nal advancee fSt i* p ♦i le *• Sharp r . IBM • are considered out ot the oueetion. in view of generally heavy world crops and diminished nurckal % P ?U r «!ik JW°. ym<mt , in ,Enwmii gf J h /HW. buBhl)lfl of \wheat doliverod fate .Hi, New South Wales 1920 21 wheat pool 86,988,000 bushole, WrdinT to returns to Nov o mber 28 had been shinned and 13.723,000 bushels sold localTy Hers l stocks mounted to 116,000 bushels, and agents' stocks to ~590,000 bushels? $£ stocks held bv miller, have since been cloaned up. .The major part of the 690.000 2? .fff.W'AK M &w , ntß ,' « took » consists Tii.T j l & i* ho ter ? 1 ?»l elevator at Glebe ffiA\ *W be shipped until the aWiLW. M k able *<> alloc »t« a bulk shin to lift it. There ie a probabilitv ?W ! T ar^ 0f I }> lD « disposed of locally. If