COMMERCIAL.

Otago Daily Times, Issue 20583, 5 December 1928, Page 10

COMMERCIAL.

CANTERBURY MARKETS. (Per United Press Association.) CHRISTCHURCH, December 4. Little change has taken place since the week-end report. Interest centres principally around the new crops, which so far promise to be good, as conditions have been exceptionally favourable, but there is very little forward business. Speculation, indeed, has rarely been so small at this season of the year. The Wheat Pool Board has secured the necessaijr acreage to enable it to proceed with its objects, and merchants and nlillqrs are awaiting developments. Trade is very quiet, most of the millers having bought fairly well ahead. Oats are unchanged, but as the average is statistically estimated to be the same as last year the season is promising well A good crop appears to be probable, but from present appearances it will have to be marketed in the Dominion. ‘Prices kvc sagged to a very low point in the Old Countiy, and the new crop is coming nf i’V- m Commonwealth with indications of a yield that will make importation uunecessary.

A fan- amount of forward business Ims been done in onions at £5 a ton, on trucks 'lhis is one of the few products that is attracting forward speculation. J lO change> and chaff remains steady at recent values. •' TARANAKI OILFIELDS. iPer United Press 'Association,l rp. . , OISBORNB. December 4. Ihe ktest report of the Taranaki Oil- * is as follows:—Gisborne No 2 well drilled to 1965 feet in shale; 10 inch diameter casing parted 100 feet from surcasing? 110 " recovered aild cleaning out BEET SUGAR PRODUCTION. (United Pres* Association.* (By Electric Telegraph—Copyright.) Tl , . ’ LONDON, December 3. iim ill* a . light beet sugar products September, amounting to 103,884' q 7 finj T estl ? late for 1928-29 is 8.09 > ,000 1 ens.—Australia n Press A.«ociation. I h'. j most popular ago for marriage among women in Britain is between 23 and 21 years.