COMMERCIAL.

Gisborne Times, Volume XXV, Issue 2218, 23 October 1907, Page 2

COMMERCIAL.

United Press Association—Cop/right SYDNEY, Oct. 21.

At the wool sales over 8000 hales were catalogued. Though there is very little change in prices, the tendency is in buyers’ favor. Wheat to-ilav is quoted at 5s Oil.

MELBOURNE, Oct. 21. Wheat is at 5s -Ltd refused. 5s OJd wanted. Holders are not desirous of selling. Flour is at £ll 15s.

AUSTRALIA’S WHEAT PROBLEM

SYDNEY, October 21. The first series of reports received by the Intelligence Department from its agricultural reporter shows a falling off of 205,54 l acres under crop

for grain. Tho Department adds: i• lint tliis gives quite an inadequate view of the falling oif in prospects lor a good harvest. Tho tone of the report is almost, without exception, gloomy and pessimistic. According to the present outlook, wo will he fortunate if wo get enough wheat to supply our own needs for bread and seed, but a fall of rain tliis month may improve things considerably, while a continuance of the drought may. make the next series of reports .still more depressing.”

LONDON, Oct. 19. Wheat: The wheat .market is quieter and prices arc unchanged. A few cargoes offering are firmly held : 43s 9d is c.sker for West Australian. off coast; 44s for Victorian ami South Australian October-No-vember shipments.

Flour: Flour is strong, Australian at Glasgow is held for 30s and 30s f?d. Wool : The Bradford wool market is quiet. Common sixties sell at 23d; super.. 2Dd. .Butter: The butter market is very firm. Danish is quoted at 123 s to 1255: choicest Australian, salted, Ills to lifts: unsalted 116 s to 118 s, best stored 104 s to 106 s.