COMMERCIAL

Poverty Bay Herald, Volume LIV, Issue 16705, 24 July 1928, Page 12

COMMERCIAL

AMERICAN WHEAT CROP (Elec. Tel. Copyright—United Press Assn (Australian aud N Z. Press As&ociqrion CHICAGO, July 22. ' There are indications that the spring wheat crop in the American North-West will exceed expectations. A record crop of 500,000,000 bushels is I estimated for Western- Canada. A shortage in the European crops is expected to consume the American surplus, though low prices are anticipated. CHICAGO WHEAT PRICES (Australian and N.Z. Press Association, (Received July 24, 11 a.m.j CHICA.CO, July 23. Wheat quotations are: July, 118gcehts; September, 121§ cents; December, 125£ cents. FROZEN MEAT EXPORTS The latest returns issued by the New Zealand Meat Producers' Board show increases in the export shipments of all classes of frozen meat for the nine months of the current season ended June 30, compared with the corresponding period of last year. Four times as much beef has been shipped this seasoi. as Hast; there has been an increase oi nearly 400,000 carcases of lamb, 1b,70l carcases of mutton, and over 19,00'.. carcases of pork. The killings of stock for export show large increases in all classes, except mutton, iu which there was a. decrease of" 182,025 carcases. The total lamb killings for the nine months were 5,814,225 carcases, which exceeds lasi year's record by 475,295 carcases. TARANAKI OIL FIELDS Taranaki Oil Fields, Ltd., report for the week ended July 21 : "Gisborno No. 1 Well : Progress held up by condition of 6.|iu. diameter casing; now making further effort to rectify same. "Gisborne No. 2 Well: Drilled to 1162 ft. in sandstone carrying hard, concretions; 10in. diameter casing run to 1150 ft."