COMMERCIAL.

Sun (Christchurch), Volume I, Issue 174, 28 August 1914, Page 8

COMMERCIAL.

LONDON WHEAT MARKET. By Gable.—rress Association.—Copyright. LQNDON, August 27. The market is firm, but sellers offer sparingly. The American visible supply is 49,806,000 bushels. AUSTRALIAN PRODUCE. SYDNEY, August 27. Wheat, old, 4/74 to 4/8; new, 4/3. Flour, £lO. Oats, Tasmanians, 3/3 to 3/4; Algerian, 3/3. Barley, English, 3/1; Cape, 2/10. Maize, 3/9 to 3/10. Bran, £5 10/-. Pollard, £5 15/-. Potatoes, Tasmanians, to £6 10/-. Onions, Victorian, £ll. Butter, selected, 112/-; secondary, 100/- to 104/-. Cheese, 9d. Bacon, BAd to 9d. ADELAIDE, August 27. Wheat, 4/6 A. Flour, £9 10/-. Bran and pollard, £6 17/6. (Received August 28, 9.55 a.m.) MELBOURNE, August 28. Wheat, 4/83; flour £10; bran £6 5/-; pollard £6 10/-; barley, English malting 3/3 to 3/10, Cape 2/8 to 2/9; oats, Algerian 3/1 to 3/1-1, feed oats 2/11 to 3/-; maize, 3/11 A; potatoes £3 10/6; onions £9. THE PRODUCE TRADE. WHEAT. The wheat trade is at a standstill, and merchants state that purchasers are not able to obtain supplies. Nominally milling lines are quoted at from 4/4 to 4/6. Very little wheat is changing hands. OATS. The demand for oats is not as keen as it was, and the business is limited. Nominally A grade is at 2/3, with other lines at relative rates. POTATOES. The Monowai being withdrawn from the coastal trade had the effect of placing space in the Auckland-bound steamers at a premium as the cargo boats replacing her were small vessels, and merchants had stocks held up at Lyttelton. Thus a shortage and consequent high prices at Auckland was caused without effecting any change locally. Big supplies went north during the week. Buyers are not offering more than £2 for immediate delivery, with an advance of 5/-. Other produce lines are unchanged. IN AUCKLAND. (SUN Special.) AUCKLAND, August 27. The Mokoia brought only 1600 sacks of potatoes to a market already bare". The result was that prices advanced a further 10/- per ton, ajul £6 is now readily obtainable. The Island steamer this week took away between 60 and 80 tons of potatoes, added to which tlu>, local demand has also been brisk. The next arrivals were by the Tarawera today, some 2000 sacks. These will go into immediate consumption, having been sold for delivery on the wharf. The Waiteinata and Victoria are to follow with fairly heavy shipments, which should restore the market here to its normal condition. Good business has been done in potatoes for delivery next week at £6, as there are no locally grown supplies available. It is not anticipated that even with the heavier arrivals expected next week there can be any substantial decline in-the price. Seed potatoes are in very good demand just now for all varieties, as the fine weather for the

past week or ten days has greatly facilitated planting operations. The rate ruling for good seed is from £6 to £6 10/- per ton. The market is very bare of onions. Further arrivals from Japan are now very doubtful umler present circumstances, more particularly as all contracts were subject to arrival in good order in Auckland, and it is very probable the bulk of them will be caucelled as they are supposed to be in poor condition now and will most likely not be shipped at all. A very strong market exists for milling wheat, as supplies are short. Holders are therefore asking high prices, as high as 5/- f.o.b. being paid., This, of course, means dear Hour. There appeal's every indication of a shortage of wheat. Fowl wheat is very scarce at the present time. Tiiis is partly due to the fact that linos which, under ordinary circumstances, rank as good fowl feed are now readily taken for milling purposes, (rood whole fowl wheat is quoted at 5/8, ex 'store, while pinched grain sells from 4/(3 upwards. A brisk demand has set in for seed wiieat daring the jast few weeks, and local supplies are extremely scarce. White straw Tuscan, which is generally sown in the Auckland district, is now worth !)/') per bushel. There is a very strong market at present. for oats, as buying is going on steadily for London. Under such' circumstances it is considered probable that prices will show a further advance of some police per bushel before London buying is completed. The local price is still .'!/0 per bushel. Stocks are bare at the moment, but wiil be replenished on Monday. The price of Hour is unaltered, and the demand continues very strong. The iniils are finding it difficult to rmr.'t orders sent in. Free sales are being made in both the- e lines at last week's quotations. The chaff market is fairly well supplied, following the large supplies from Marlborough. Southern chaff is worth 10/- per ton. WELLINGTON STOCK ESCBIANGE. I'rex* As.iotrialinn. WELLINGTON, August 28. Sales —National Junk i' 4 17/-, Murray Creek, old £1 7/-, new 17/-.