COMMERCIAL

Timaru Herald, Volume CIII, Issue 15790, 23 October 1915, Page 15

COMMERCIAL

cmusTciitmcH produce MARKET. Per Press Association. CHRISTCHURCH, October 22. Tho on'y matter of interest m the wheat market is the effort being made t-ff jiduco tho Government tf> aLov* 01 tho exportation of a cert,vn quantity of wheat, and a deputation has gone to Wellington to interview the Premier <m tho matter. There is no bus-i----nt« s to record in grain ' and it is clifl' eult. to say what the value of wheat is at tho present time. Oat shear chaff is now much easier ami £5 to £5 10s country stations arp tho best prices offering. The potato market has advanced still lui'thcr and £6 10s a.t country stations is now being offered. Since the pr'c-e bear an to decline a much larger quantity has been offering from growers. THE LOCAL MARKETS. Some wheat has been sold in Ximaru this week a-t 4d ex store. It was good milling Tuscan. IV.mo V ejvet is worth 2d to ikl per bushel more. Tli-trc is not a great deal of wheat offering though it Ls believed _ that there is st-ii.l a good doa.i held m tho fountrv. Millers aro not buying to any extent as they are suli'.ciently well stocked for the present. Satisi acton is expressed at the action of the Government in dec.diiijx to reimpoto tb" duty on imported wheat and flour. This will steady the New Zealand market somewhat by preventing it be.ng flooded with Australian wlicat and flour. It is estimated that tho Dominion has lost from to £IOO.OOO through _ the Government refusing to allow New Zealand to send some of it-, surplus wheat to Australia when tho latter country needed it recently. It is now too .iato to export, a"» by the time freights were arranged, &hips brought here and cargoes sent to Australia, the new crop would be, eonrng in over there. By all accounts it is going to be a big one. Adelaide wheat is. now quoted at 4s 6d for de'ivery at the -end of the, month., though it is not very long since it was selling there at Bs. Locally, growers who ho'.d wheat do rot know what to ask for it- Having held it f-o long and lost several shilling-, per bushel thereby, tbev are for tho most part adopting the attitude, that they nr ght as well hold on a littlo itongor in the hope that they will get a. little nvoro than is at present offering, t<KWgh others ai'o disposed to take what they can get now. A deputaton of farmer?, wa'ted on Mr John Anstey, M.P., this week and asked him to use his influence in trying to get permission for a Limited quantity of New Zealand wheat to be shipped to Australia, but as -.tated above, tho time lias gone by for this. Fowl wheat is selling at 4s per bushel, on trucks. Brani.s quoted at £5 5s and pollard rt £6 10s per ton. There is a good dr-mand and small stocks. Oats aro weaker- They are quoted at 3? 2rl f.o-.b., s.i., for A. grade Gartons, and 3s Id for B. grade, but not locaTy, as stock' here are barp.'y -nff'cient for local requirements. Tho business in this cereal continues to be done from the south. Practically no oats are offering locally by growers. The potato market \s easier than it was a week ago , to-cTay's. quotation being £6 and €'G 10s according to kind ard quality, country stations. Tho fall is attr-'butsiMa to ■ tbe fact that new potatoes are now coming en to the market in .-.mall quango*, from the Auck'and district, and this a"tom,Tt''ca% reduced Ihe value of tho old tubers. WOOL AND SKIN SALE. Tli© Associated Woolbrokers report having held tiie usual monthly of skins, woojj etc., on VVectneoday, th© siJc.li in.it. 'llie following is a. range of the prices obtained:— Skins.—lv.lled, merino f.w. up to 73d per lb., ±w 6id, s.iort 4*d, £-bra.V f.w. IOJd, fine Jw 9j£dj ij-bred f.w. 10id, x-bred f.w. 10a, £w short 4ci, hoggets IOJd, black 7jd. Siting, dead.—Merino 6sd, fine, dead and dgd, f.w. 9d, h-w. Bid, x-bred doad and dgd. f.w. B}d, J and x-bd j-w. 7d. Wool.—Fleece lOd to 12jd, Kiack •up to 74d, dead (extra good) 13d to l?.Jd, medium 10|d to 11 *d, inferior 8-1 to Ofd, crutehings (good) 9|d w 10Jd, medium Bid to 9id, inferior 7d to Bd. Horsehair up to ls sd. Hides 7d to 84 d; calf skins 7d to BJd- j Fat.—Tins up to 19s 9d per cwt., ! sacks 17& 3d- j Tho N.Z.L. and M.A. Company havo roco ved the following cable from their London house under date 20th inst: ' quote presont spot values for tho following cfcroriptions of tallow. —Fine mutton 39s 6d per cwt. good beef 37« 6d, mixed 35s 6d. The , market is firm with an upward ten- ! dency'.