LATE COMMERCIAL

Southland Times, Issue 19591, 12 August 1922, Page 6

LATE COMMERCIAL

THE DUNEDIN MARKETS. (Special to the Times). DUNEDIN, August 11. There is not much doing in (he local wheat market. Only the pnmest lines are acceptable, but millers are not keen buyers, as most of them are carrying fairly heavy stocks, and others again have sufficient supplies to carry them on till the new season's wheat is available. Lines of weathered wheat are still on offer, but millers are not buying this class of cereal. Farmers, ou the other hand, are not showing a keen desire to sell their holdings, as they are waiting to see if any advantage is to be derived as a result of the Government giving permission for the export of a million bushels of undergrade wheat. Tlie Government’s announcement has, however, not affected the position, as there is no outside demand for this wheat. It is apparent from the quantity of seed wheat going to the country that fairly large areas will be sown down next season. Growers are paying more attention to wheat, as they consider it will be a better proposition than oats. North Island nmrehants are not prepared to pay above 4/- f.ojj., sacks extra, for good whole fowl wheat, but no sales have been made from here at this figure. A fair quantity of undergrade wheal has. however, been plated with the North Lstand. The market for this wheat is also not strong, as it is anticipated by the northern merchants that it cannot be absorbed by the local demand and that they will be able to buy cheaper towards the end of the year. / Sales of B-grade oats were made early in the week at 2/9 f.0.b., but the market has since weakened a half-penny per bushel, and sales have been made at this figure. A grade Gartons have also been sold at 2/10A f.oJ). These prices are equivalent to 2/-, sacks extra, ex-trucks at country sidings for B’s, and 2/- for A’s. Consignments of chaff are on the light side, but on the other hand the demand is poor. The best quality is not bringing more than £4 10s per ton, sacks extra, ex-truck. Considerable quantities of light and inferior chaff are still available, and it is difficult to work off these, although the quotations are low. Sales of small lots have, however, been made at £2 10s to £3 10s per ton, sacks extra, ex-store. Good quality potatoes have been-sokl during the week at £6 5s to .£6 10s per ton, sacks included, ex-truck, Dunedin. There are at present few lines held in store. A fair amount of business has been done in fruit during the week. "CHRISTCHURCH STOCK EXCHANGE (Pter United Press Association.) CHRJSTCHURGH, Augw* H. Side reported: Union Bank £l2 17s fid. AUCKLAND STOCK EXCHANGE. AUCKLAND, August 11. Sales: War Loan 1038, 954; Soldiers* Inscribed 99; National Bank 5/18/6; Bank of New Zealand 54/fi; Auckland Gas 22/3, conttib. 17/6; Dev on port Perry 24/6; W:uhi 28/6. ENGLISH MARKETS (By Telegraph—Press Asm;—Copyright? (Austrafcm and. New Zeahmd Cable-Assn). LONDON, 10(Received August 11, 9Jk r > p.ui_j Wheat cargoes are very quiet iuni price* Itave fallen sixpem® owing to full suppht-s and pressing American offerings. Parols are in poor demand and have declined threepence to sixpence. Fair trade doing in spot Australian ex-ship at 56s 6fL Hour is quiet. Australian ex«tore -38 s to 38s fid. Barley is quiet, Australian. Chevalier 47s to 55k. Oats are quiet and occasionsdly cheaper. Beans and peas are firm. Sugar,, granulated 53s 3d.