COMMERCIAL.

Taranaki Daily News, 13 May 1925, Page 5

COMMERCIAL.

CANTERBURY MARKETS. By Telegraph—Press Association. Christchurch, Last Night. The grain, and produce market ia dull almost to the point of lifelessness, apart from such bread and butter lines as wheat and potatoes. Only odd branches of produce are attracting attention. Wheat is coming In freely at the arranged prices and some of the millers are understood to have their storage space well occupied. Other members of the trade, however, are still purchasing freely. The only new feature about the wheat offerings is that under-grade stuff 1* not being accepted by the millers, Oats are inclined to be easier. Forward A’a are quoted at 3s 6%d and B’s at 3s 2d. Business, however, is practically at a standstill. Potatoes are holding the preceding values with difficulty. The f.o.b. sacks in prices are £4 15s a ton for May and £5 12s 6d for July-August. Nominal quotations are £3’ 5s on trucks, but farmers are not seriously considering this price. Heavy quantities are now going north, which is the explanation of the easing. There is Ho change of any sort in. the quotations for seeds. AUCKLAND Auckland, Last Night. Stock Exchange sales.—City of Auckland debentures, 1940, 5 1-4 per cent., £95 ss; New Zealand Insurance, 32s 3d (two sales) ; New Zealand Refrigerating (cont.), JOs; Waihi 26s 3d; National Insurance, £3 12s 6d. The directors of Wilson's Cement recommend a dividend otf Is 8d per share for th*, year, and the Northern Steam Ship Co. a div* dead at the rate of 8 per cent, per annum BANK OVERDRAFT RATES. By Telegraph.—'Press Assn.—Copyright. Received May 12, 5.5 p.m. London, May 12. The associated Australian and New Zealand banks have reduced the selling rates on Now Zealand drafts as follows: —Mail transfers to 10s per cent, premium; cable transfers 15s. Buying rates: On demand 10s per cent, discount, thirty days 21s 3d, sixty days 32s 6d, ninety days 43s 9d. LONDON MARKETS HIGH COMMISSIONER'S CABLED REPORT, The Department of Agriculture has received the following cablegram, dated May 9, from the High Commissioner for New Zealand. London : BUTTER. Market steady and fair business doing. Official quotations are:— New Zealand.—-Finest, salted: 170 s to 172 s per cwt (Is 6 l-4d to Is -per lb) ; excep-tlru-al, 174 s per cwt (Is 6%d per lb). Unsalted--174s to 176 s per cwt (Is 6Ad to Is 6%d per lb). Other qualities: 140 s to 166 s per cwt, (Is 3d to Is 5%d per lb). Australian.—Salted, finest: 160 s to 162 s per cwt (Is 5d per lb). Unsalted: 162 s to 166 s per cwt (Is 5 l-4d to Is 5%d per lb). Other qualities: Salted, 140 s to 156 s per cwt (Is 3d to Is 4%d per lb) ; unsalted, 146 s to 158 s per cwt (Is 3%d to Is 4%d per lb) Argentine.—Finest: 156 s to 160 s per cwt (13 4 1 Ad to Is 5d per lb). Other qualities • 150 s to 154 s per cwt (Is 4d to Is 4Vad per lb). Siberian. —According to quality: 144 s to 150 s and 152 s per cwt (Is 3%d to Is 4 l-4d per lb). Irish.—'Salted: 168 s to 172 s per cwt (Is 6d to Is 6%d per lb). Unsalted; 176 s per cwt (Is 6%d per lb). Danish.—lB2s to 184 s per cwt (Is 7 l-4d to Is per lb). . CHEESE. Market quiet and steady. Official quotations are:— English.—Finest fanners'’, unchanged. Canadian not quoted. New Zealand. —-Coloured and white, 95s to D6s per cwt (lOd to 10 l-4d per lb). -Australian.—'Coloured aqd white, 92s to 94s per cwt (9%d to lOd per lb). A shipment of New Zealand produce arrived this week per s.s. lonic. TARANAKI STOCK MARKET, Messrs Newton King, Ltd., rep'ort At Urenui on May 11 the full advertised entry <rf sheep came forward in addition to a very fair yarding of cattle. The sheep were of an exceptionally good class, -being young, big framed and heavily -woolled and very well merited the keen Inquiry that was attracted. As the majority of the lines were unreserved free bidding resulted and the following quotations 'were obtained: —2, 4 and 6-tooth ewes. In iamb, 37s 3d, 365; 4-year-old ewes, in lamb, 32s 7d; ewe lambs, 23s 10d. Prices realised in the cattle pens were similar to recent quotations, the principal figures being weaner Jersey and Jersey cross lielifers, 25s to 355; 2-year-old In-calf Jersey and Jersey cross heifers, £5 up to £5 10s; fat cows, up to £5 ss; pigs, 15s 6d to 17&