COMMERCIAL.

Otago Daily Times, Issue 18653, 7 September 1922, Page 6

COMMERCIAL.

THE WHEAT MARKET. LONDON, September 5. Wheat cargoes are quiet, unchanged, occasionally tending . lower in the absence of American advices. Australian afloat are quoted at 50a 6d to Bis. Parcels are quiet, with some speculative business at 3d to 6d advance. Australian nearly due at Liverpool are quoted at 50s 6d. Australian afloat, 50s. —A. and N.Z. Cable. DAIRY PRODUCE GRADINGS. (Per United Press Association.), WELLINGTON, September 5. The butter graded for export in August, 1922, is as follows: —‘Salted, 40,398 cwt; unsalted, 648; —total, 41,046, compared with 18,115 August, 1921, an increase of 126| per cent. The cheese returns were: —White, 103 cw t; coloured, 245; —total 348, compared with 1616 for August of last year. Converting the figures into butter-fat gives an equivalent increase of 11J per cent, for August compared with 1921. TARANAKI OIL WELLS. SOLD TO AUCKLANDERS. (Per United Press Association.) NEW PLYMOUTH, September 6. A London liquidator, through a New Plymouth agent, sold to Mr V. A. Hadley and Mr A. B. Donald, Auckland, the whole of the dominion assets in Taranaki (New Zealand) Oil Wells, Ltd., including four wells. The price is not disclosed. The policy of the purchasers is for vigorous development on the most up-to-date lines prevailing in the American fields.

TIN STOCKS. LONDON, September S. Tin stocks, 21,753 tons; epot, 2919 tons; afloat, 1100 tons; deliveries, 1624 and N.Z. Cable. LONDON WOOL SALES. LONDON, September 6. At the wool sales there was keen homo and Continental competition at full opening rates, with a tendency in sellers' favour. THE TONE GOOP. The following cablegram has been received from Bawra by the New Zealand Wool Committee:—"The offering at the wool sales consisted of 5800 bales 8.A.W.8.A., the remainder free wools. There was a large attendance and brisk bidding. There was a good tone. Prance and England were the principal buyers. The prices, compared with July closing rates, were for fine crossbred merino par to 5 per cent, dearer; medium to low orossbreds, unchanged; scoured, merinos, fully 5 per cent, dearer. Messrs Mtirray, Roberts, and Co. (Ltd.) have received the following wool market quotations from their London agents, dated the sth inst.:

WOOL STABILISATION SCHEME, SYDNEY, September 6. (Received Sept. 6, at 8.6 p.m.) Mr Bernard Tripp has returned from the "Buwra" Wool Conference at Melbourne, and ■will sail in the Maunganui to-morrow. On reaching' Wellington ho will submit Sir Join Higgins's scheme for the stabilisation t>f crossbred wool to the New Zealand Wool Committee. PROPERTY SALE. Messrs John Reid and Sons, under instructions from the Trustees, Executors, and Agency Company, offered for sale by auction yesterday a well-known residential property, No. 406 George street, in the estate of the late Mrs Robert Wilson. There was a large attendance, but the bidding fell somewhat short of the reserve, so that it is now for private Bale. The same firm also offered for sale by auction the unexpired term of lease from the Otago Harbour Board of allotments 14 and 19, block 60, town of Bnmedin. This property, which fronts Anderson's Bay road and Vogel street, and has a dwelling house on it, was knocked down, after competition, at £450.

xne Dili iiiai.: — Yielding Present End of last per cent, . series. series. d. d. 18 124 44'a-46's preparing 74 Si 81 44's-46's carding 72 7J 7i 7 7i 7 7