COMMERCIAL.

Sun (Christchurch), Volume III, Issue 700, 9 May 1916, Page 8

COMMERCIAL.

INDIAN WHEAT. EXPORTATION PERMITTED. I By Cablr. — Pre** Aaociation. — Copyright. (Received May 9, 10.25 a.m.) LONDON, May 8. Mr C. H. Roberts, in the House of Commons, said that the Government of India was permitting the private export of wheat with certain restrictions concerning quantities and destinations. .BRAN. FLOUR, AND POLLARD. AUSTRALIAN PRICES FIXED. SYDNEY, May 8. | New rates have been fixed:— Flour, £ll i per ton; bran and pollard. £5 per ton. WOOL SALES. 1 The following cablegram has been received by Dalgety and Co., Ltd., from tbeir ; London office, dated May s: ' Wool sales closed very firm. As com- ' pared with March closing rates, scoured : merinos, superior, are 5 per cent, dearer, good 7J per cent, dearer, inferior 10 per i cent, dearer: greasy merinos, good 10 per ' crnt. dearer, toprriakers 15 to 20 per cent. dearer; greasy crossbreds, due 5 per cent, dearer, medium 5 to 7] per cent, dearer, coarse 71 per cent, dearer, and shabby 7J I to 10 pec cent, dearer. Of the quantity j available, the home trade took 82,000 bales, ■ .the Continent GOOO bales, America none; carried forward, 7000 bales, of which COOO j bales were not offered. I The New Zealand Loan and Mercantile Agency Co. has received the following I cablegram from London: —Sales closed firm \ sth. Compared March 17, merino superior and lambs ."> per cent., medium inferior 15 | per cent., crossbred 5 to 7J per cent, higher; 1 greasy lambs unchanged. ! The Bank of New Zealand has received i the following cablegram :—The London wool sales closed firm. Compared with March ! closing, crossbreds. line unchanged, medium \ to coarse 5 to 7i per cent, dearer; merinos; ; superior 7S per cent, dearer, inferior 15 per cent, dearer. Crossbreds, coarse 17UI I to 18d, medium 18U1 to 19d, fine 20Jd to 21d; merinos, inferior 15(1, superior 20Jd to I 21d, hallbred 21d to 22d. HOME MEAT MARKET. The following is Weddel and Co.'s report on the Smithtield market for the week ending March 23: ! Supplies of all descriptions of frozen | meat have been exceptionally light, and I only retail quantities have been ifcstrihuted amongst the various buyers. Values of Aus- ' tralasian mutton and lamb haye been ad vanced Id per lb. Mutton.- All New Zealand wethers are \ quoted at 7Jd per lb and ewes at 7jd I per lb. Australian wethers realise 7id per I lb. South American sheep, however, are bring sold up to 9d per lb. Limb.—New Zealand lambs are now sellj ing at Sid per 11) for old season's and 9d ! for new season's. South American lambs I realise from 9Jd to !>ld per lb. Reef, frozen. -The Government has not ; recently released any beef for the trade. The few quarters held by buyers have ad vanced in value, present quotations being ,">id per lb for Australasian forequarters and about 7d per lb for hindquarters. Chilled Beef.—Supplies have been very light, the market closing firm at OJd per lb Tores and S\i per lb hinds. CHRISTCHURCH STOCK EXCHANGE. TUESDAY, MAY '.». TODAYS QUOTATIONS. Buyers. Sellers. BANKS - £ s. (1. £ s. d. National ."> t 0 N.Z. (£,' l 6/8 paid I .. 10 1!) 0 Union 31 0 0 BREWERIES Manning lex ilivj .. 1 12 6 I COAL— Westport 1 10 0 FINANCIAL | Permanent Invcstmt. '•> 2 6 INSURANCE Naional 2 12 :< 2 14 0 MEATS - Canterbury .... 8 10 ' SHIPPLNGUnion 1 It 0 WOOLLENS Kaiapoi ."> 11l 0 Ditto iprcf. re div. only) 5 5 o ■ MISCELLANEOUS 1 Mason, Strutliers ill paid) 12:: _ Ditto ill, paid I .. HI ] _ N.Z. Fanners' Coop. - 2 K 3 MINING - Talisman 0 110.