COMMERCIAL.

Sun (Christchurch), Volume I, Issue 198, 25 September 1914, Page 11

COMMERCIAL.

{LONDON MARKETS. By Cable. — Press Association. — Com/right. LONDON, September 23. Corned beef is in strong demand at about • 1/- per lb for lib tins and 9d per lb for 61b tins. MOUNT MORGAN RETURNS. (Received September 25, 10.55 a.m.) BRISBANE, September 25; Mount Morgan returns for the month ended September 20 show that there were treated 21,775 tons of Mt. Morgan ore, 6711 tons from Many Peaks, and 1851 'tons of concentrates, producing 715 tons of blister copper containing 708 tons of copper and 8580 ounces of gold. AUSTRALIAN PRODUCE MARKETS SYDNEY, September 23. Oats—Algerian feed 3/-, milling 3/3, Tasmanian • 3/4. Barley—English 3/3, Cape feed 3/- to 3/3. Maize—3/10 to 4/-.- Bran and pollard —£6. Potatoes Tasmanian £6 15/- to £7. Onions—Vietoridn,'£li 10/-, New Zealand £8 15/-. Butter^—Selected 108/-, seconds 96/- to 10pX,.., Cheese—7M to Bd. Bacon—9d to 9£d. .■<:'<•.:■ ADELAIDE, September 24. Wheat —4/7 to 4/8. Flour—£ll. Bran Bnd pollard—-1/5. MELBOURNE, September 24. - At ; the sale- of hides- good supplies of kips slightly favoured buyers. OtherWise there was a very fair market. ,Wh.6at; 4/9; flour £lO 10/-; bread, 7d -per 41b loaf (all fixed by the Commission); bran, £6 15/-; pollard, £7; Barley, English 3/6 to 4/-, Cape 2/10 tQ. 3/-; oats, 2/11 to '3/1.i;.. maize, 3/10#;' potatoes, £3 to £5; onions, £lO. FARM PRODUCTS. The grain trade is on the tip-toe of expectation waiting for the - Government to take action in regard to the prieeof flour. Not that it will effect the farmers to any extent, as it is only a fortunate few that still hold grain. The boom in prices has been-responsible fori farmers quitting a fair quantity of Bdcond grain at payable prices, that»was formerly held for 3/6. In several eases 4/6 has been obtained for grain fbat millers would not take at w&:■-&.. :.,.c0up1e of months ago. Locally the market is unchanged, but the busiuesa. transacted is very small. ~Q«*ts. are much in the same position, thes troopships have taken very large quantities : of the market, but.'. this demand has now ceased. Exporters are faced with difficulties in regard to transit Potatoes are very slack, and. sales 3)T-&t difficult to make at even as low as f roni; ;30/- to 35/-. As our. Auckland jfprrejspondent remarks to-day, : the early potatoes are being sent over the North Island , from the Auckland province, so tbat.it may be expected that the northern demand will not be at all strong in the future. In all other lines there is no movement of any moment, business being flull. ;;; IN AUCKLAND; (Scn Special.) AUCKLAND, September 25. , Heayj; supplies aTlded to the quantity Carried over has resulted in the local iparket being overstocked with potatoes, sind : . fcfi'e price has eased to £4 5/- per ton. .It is now getting late in the season, which makes buyers -nqt anxious to hold heavy stocks of old potatoes. During the past week new potatoes from Pukekohe have been sent in cases to Wellington. ;.. i Only a few Japanese onions are keeping this market going, and the prices fcsked range from 16/- to 18/- per cwt. 'The date'of-the next arrivals is some-;. Vhat problematical, as they were to have come to Sydney by a German line. ';! Now that the troopships are loaded with all the chaff required for the horses $n the voyage, there is a chance that the faarket will not :be quite ;so , firm, ,as supplies here are ample, and regular Shipments, are coming to hand. Although

stocks of oats here are heavy, the market continues xery firm at the recent advance. Milling wheat continues to be very firmly held, as stocks are now in comparatively few hands. With a war going on in Europe, holders recognise that they can afford to wait, without any fear of a drop in price. Millers, on the other hand, are not anxious to buy, preferring to wait, if possible, for the report of the Foods Commission. Should the Government here act on similar lines to that of Australia the price would then be fixed for milling grain. Fowl's wheat-is now as high as 5/6 and 5/9 per bushel, ex store. Good grain is hard to get in anything like quantities.