COMMERCIAL

Poverty Bay Herald, Volume LIX, Issue 17945, 24 November 1932, Page 8

COMMERCIAL

LONDON WOOL SALES RATES WELL MAINTAINED (Elec. Tel. Copyright—United Press Assn,) (Received November 24, 2 p.m.) LONDON, Nov. 23. At the wool sales, 9978 bales were offered, including 3310 from New Zealand, and about 0480 bales were sold. There was good general competition, Yorkshire inuj ig more active. Null opening rates were maintained, with slipes soiling slightly in sellers’ favor. .Yew Zealand sales included : Slipe hali-bred lambs, Kaiapoi, 13d, lO^d; scoured combings, Hraemar, 19d, 17^d. GRAIN AND kSED . GISBORNE MARKETS Little business is passing in the grain and seed markets as they a fleet -Gisborne. Maize buyers in Auckland are making an inquiry for forward delivery, but lhe prompt market is stationary, there being no inquiry in this respect except for small Jots for Hawke's Bay and Wellington, and business is only possible at 4s per bushel, f.o.b. The quotation to Auckland merchants is nominally 4s for prompt delivery, but with practically no business passing. Auckland buyers would be prepared to purchase at 4s for forward delivery, but local sellers are. imL inclined to commit themselves at such a low price for months ahead. Therefore, it appears as though Auckland merchants will he content to draw their supplies as they require them. South African crushed maize is still available in Auckland; whole 'maize is too dear to import, and the exchange controversy made possible importers nervous of operating in this respect. The demand for fertilisers is practically at a standstill, except for root crop mixtures.

Little is doing in the Cape barley section. Undergrade lines of fair average quality have been quoted at 2s 6d to 2s 9d, hut no business has resulted.

No developments are expected in the rye grass seed market until the new stocks come on to the market. Practically none of last season’s seed remains in'slock. The demand is expected to he (rood, hut uncertainty exists as to whether the prices will' hold. The same fear was expressed last year, and, although the. market opened on a lower basis"than the previous year, a firming was noted as the season proceeded,

Crops of oats and wheat in the Wairanpa are particularly promising this season and a record yield is anticipated