LATE COMMERCIAL

Sun (Auckland), Volume 1, Issue 88, 5 July 1927, Page 11

LATE COMMERCIAL

SALES REPORTED Wellington: 4i per cent. Bonds, 1939, £97; Bank of N.S.W., £45 10s; Milburn Lime Cement, 275.

THE LONDON MARKET

DEPARTMENT’S REPORT The Department of Agriculture has received the following cablegram, dated July 2, from the High Commissioner for New Zealand, London:— Hemp: Manila market quiet but steady. “J” grade June-August shipments quoted £43, and July-September shipments sold £42 15s. African Sisal: Fair demand for spot at £3B to £3B 10s, but»little interest in forward shipments. June-August shipments quoted £3B. Tow: Fair demand for spot at £3O to £3l 10s, according to quality. * Mexican sisal offered on Continent at £35. New Zealand market inactive and unchanged. Tallow: Market quiet and poor demand at auction. Prices 6d per cwt. below last week’s quotations. Wool: Bradford market for merino and fine crossbred tops in favour of sellers, prices same as last quotation except for 64’s (merino), average 4s a lb. Oats English old crop held firm. Choice white offered 32s 6d. New crop progressing satisfactorily. Imported market dull, chiefly due to low prices for maize. Plate loading and July shipment offered 24s 6d; Chiliean afloat, 25s 3d. New Zealand “A” grade Gartons, quality equal to sample, offered 33s 6d, but prices above buyers’ ideas. Resellers “B” afloat quote 325: value about 30s 6d.

Peas: Market quiet. Several parcels of New Zealand Maple arrived, and near at hand offered by resellers, “2s 6d. Nominal value of No. 1 New Zealand on passage 90s: “A” grade Tasmanian. 955; Blues, poor demand spot and forward shipments.

Beans: English—Rain has been very beneficial to new crop. Old crop held firm at 53s to 555. Imported dull. Chinese Horse, on spot, offered £ll 5s a ton. Cocksfoot: Danish spring weather very cold and wet, and with small carry-over of old seed high price expected for 1927 crop. Nominal value c.i.f. New Zealand for September-October shipments, 69s a cwt.

Apples: Somerset and Port Caroline nearly all sold; some of the former frosted. Port Darwin discharging, condition very good. Market quiet, but steady. Prices are as follow:—Rokewood, Statesman Delicious and Jonathan, 20s to 235; Sturmer, 19s to 21s.

The department has also received the following cablegram, dated July 2, from Landale Clark and Co., of Calcutta, with reference to the linseed market:—

Linseed: We quote £l7 5s for linseed per ton c. and f. Sydney for immediate shipmenL Market is weak.