COMMERCIAL

Poverty Bay Herald, Volume LXII, Issue 18661, 22 March 1935, Page 2

COMMERCIAL

AUSTRALIAN RETURNS WOOL VALUE REDUCED Figures issued bv the National Council of Wool Selling Brokers of Australia show that sales of wool in the principal selling centres of the Commonwealth trom'" July 1 to January 31 totalled 1.560,064 bales, which realised £19,595,267 in Australian currency. Compared With the similar period of 1933-31, the i umover shows a. decrease, of 297,944 bales, and the amount realised a decrease of £17,821,866. Greasy and icourcd wool sold averaged £l2 lis 3d a Sale, or 9.8 d per lb,, compared with 0.20 2s 9d a bale, or 16d per lb., a year Previously. During January the greasy wool sold averaged 9.95 d per lb., coniuared with 19.9 d per lb. in January, 1934, and 9.26 din January, 1933. More than half of the wool which will he available for sale in the Commonwealth (luring the current selling year has been sold. ' It is estimated that production of wool n the five principal exporting countries :his season will total the equivalent of ■,700.000 bales of Australian weight., a ■light increase on the. preceding year's otal. but 358,064 bales less than in 1932-35. These figures cover Australia. \ T ew Zealand, South Africa, the Argentine, ■ and "Uruguay. KVen with carryover stocks the total is not equal to the 1932-33 quantity, plus the held-over supolie.s that season. QANTERBBURY PRODUCE The only incidents of note, in a quiet /celt in the grain and produce market s a firming in values of Partridge peas ind onions, states a Christchurch message of Saturday. Peas have been lought at 6s a bushel on trucks. The narket has improved in England, but not o the extent to permit export on the irice being paid "in Canterbury, but there 3 an expectation that inquiries will S3t n. The crop is a very light one this eason.

Oats show little change, although an •crease in prices has caused more hreshing and heavier offerings. The narket is firm at up to 3s 2d f.0.b., sacks eluded, for A Cartons, equivalent on ruck price being] 2s 7d and 2s 3d, repectively. Algerians are quoted at 2s d on trucks for good quality. There is little change in the potato narket. Prices remain firm, the t.o.b. acks included, quotation for May-June or whites being £5 10, with not many tvailable at that figure. Prices ou rucks are £4 2s 6d a ton. There has leen a little inquiry for April delivery nd to £5 17s 6d is reported to have been mid. Reports as to the progress of crops ndicate that the yield will be variable, .vith perhaps a sufficiency for requirements, but there is little likelihood of >otatoes being thrown on the market in piantities such as destroyed the 'demand last season. A good rain is requireTi to levelop the crops before the frosts set in. Onions have advanced sharply during lie week and are now quoted at. £8 a on on trucks. The main cause is a jaucity of offerings, rather than in•«ased inquiry. The crop is a light one his year. The small seeds market is unaltered. \ DAIRY PRODUCE MARKET Quotations for Now Zealand butter on the London market are par to Is per cwt. lower than in yesterday's id vice, but the demand is steadier. Messrs. Joseph Nathan and Commny report to-day as follows: —"The .utter market is steadier at 71s to MINING- NEWS Yields of companies.--Mahakipawa Marlborough): Last week, 60oz. alluvial gold. Mossy Creek (West Coast): 'soz. 7dwt. for 5200 yards. Slight rain ias fallen, but the water shortage is still leing felt. TRANSVAAL OUTPUT The production qf the Transvaal mines or January was 890,875 fine oz., a reducion of 16,7660 z. compnred with January, '934. However, the output ' was the largest since last May.