COMMERCIAL.

Sun (Christchurch), Volume I, Issue 216, 16 October 1914, Page 10

COMMERCIAL.

WOOL SALES. • li : / Cifhif. — Prrxs AnKocinlion. — ('(>;>)) rigid. ■LONDON, October 14. Arrivals for the.November wool sales .numbered 60,000 bales. Ten thousand have been forwarded to manufacturing districts, leaving available 67,500. OX these about 28,000 are on Continent account, detained owing to the war. Also a considerable quantity sold privately. ADELAIDE, October 15. At the wool sales the Continental type olfly was offering. Merinoes showed 5 to 10 per cent, decrease compared with last year. Crossbreds were correspondingly dearer. AUSTRALIAN PRODUCE MARKETS SYDNEY October 15. Oats, Algerian seed, 3/4; in"ling, •iS/6; Tasmaniau, 3/7 to 3/8. Barley, English, 3/9; Cape feed, 3/6. Maize, S/l0 to 4/-. Bran and pollard, £6. Potatoes, Tasmanian, £7 10/-; good, £6 10/- to £7 5/-; New Zealand, £5. Onions, Victorian, £l3 to £l3 10/-; picklers, 10/- to £4. Butter, selected, 104/-; - to 98/-. Cheese, 7d. Bacon, 9d. ADELAIDE, October 14. Wheat, 4/7. Flour, £lO 5/- to £lO 10/-. Bran and pollard, 1/6. BRITISH CROPS. "Timett" and "Sydney Sun" Services. (Received October 16, S a.m.) . LONDON, October 15. The British crops are well above the average. Replies from farmers indicate that there was no great increase in,the •acreage sown. (Received October 16, 11.5 a.m.) MELBOURNE, October 16. Wheat, 4/9; flour, £lO 10/-; oats, 3/4 to 3/6; barley, English 4/- to 4/6, Cape 3/4; bran, £6 15/-; pollard,' £7; maize, 4/-; potatoes, £4 10/- to £6; onions, £9 to £ll 10/-. ' THE MARKETS. an view of the expected revision of •* the price iof wheat by the Food Commission, very little business has been done in this cereal. Many holders expect the Commission to back down, and raise the price of both wheat and flour. In the meantime holders have held the market up by refusing to do business. Nominally, wheat is at 4/9, as fixed by proclamation. Oats are not much in-request; in fact, there are very few buyer's, as there is iio prospect for an export outlet to any extent. Values are unchanged. : Potatoes are a drug in the market, . though merchants have managed to get rid of a portion of their holdings by shipment to Australia, where a rise has taken place. This will only last for a /week or two, as the supplies of Australian new potatoes will, be coming to hand in large quantities. The price has not improved, and buyers are not quoting more than £1 per ton: country stations. At this figure it is hardly worth while farmers .-marketing-. them, and consequently a lot are being fed to :-■. Pigs. ■■....', '■•*■■■■/ -;. ~.■ hlgg» are now being bought by the wholesalers at 9id per. dozen, as there has been ji good demand. Butter is uu-

changed, dairy being quoted at 9d to 9£d, and sa-parator lOd'.to lOSd.' IN AUCKLAND. (Sun Special.) AUCKLAND, October 15. The demand for potatoes is well ''maintained,' despite the. advance of the season. Prices are still at the low price of £3 J5/- per ton ex store. Arrivals have been lighter for some time now, with the result that the market has about recovered from the heavy glut due to the excessive supplies sent up about a month ago. ."■ Oats are remaining firm. Short feed are without change, being still worth 3/6 ex store. Fair quantities of oats (i»re still held in the south, and as export business is looked for, the market is riot likely to ee.se, more especially as the continued drought in Australia may cause a demand for foodstuffs from Ehe Dominion. In the wheat market the deadlock still continues for nulling, aa holders are firm in the attitude they have taken Up, not to accept the price of 4/i) f.o.b. fixed by the Commission as the price above which wheat must not be sold., so as to give more than that figure would be an illegal act, sales are hardly ever made. Holders are quite content to play a waiting game, their position being considerably strengthened by the drought in Australia. Fowl wheat is in good demand at 5/6 ex wharf, and 5/9 ex store. ' ~> ; 1 : Fric.es for chaff show no change, the quotation; being £6 5A ex wharf and £6 10/- ex store. : This t market is kept supplied with onions from Japan. They require to be re-packed, which adds to the cost. The.price now is 20/- per cwt. A few more are expected from S-ui Francisco in about a month 's time, which should keep this ■■market going till the Auckland crop is ready. CHRISTCHURCK STOCK EXCHANGE. OCTOBKU Hi, 1914. SALES JtfTi'OUTKi). New Zealand Insurance. .i!"> 11/-. . • Waihi Grand Junction, i'l 'A/-.

TODAY'S QUOTATIONS. Buyers. Sellers. BANKS— £ s. d. £ 8. d. National of N. 55. . . Union of Australia.. 50 0 0 52 0 0 COAL— Taupiri 0 17 6 GAS— Christchurch .... INSURANCE— \ New Zealand . . . . South British of N. 7.. SHIPPING— Union Steam Ship . . 1 1 9 12 2 MISUEL- ANEOUS— N.Z. Consoltd. Dental 10 0 Whitcombe and Tombs AUCKLAND STOCK EXCHANGE. AUCKLAND, October 16. Sales—Waihi 31/9, Junction 22/9, Auckland Gas (con.) 14/3, Auckland Trams (ord.) 22/9.