COMMERCIAL.

Taranaki Daily News, 3 November 1926, Page 15

COMMERCIAL.

DOMINION SHAREMARKETS. By Telegraph.—Press Association. Wellington, Nov. 2. At the 10 a.m. call to-day a sale was reported of Bank of New Zealand shares at £3. Auckland, Last Night. Sharemarket Sales: —Bank of New South Wales, £45; ord., £45 2s 6d; Bank of New Zealand, 60s; Bank of New Zealand rights, 6s 3d (three sales); Bartholomew Timber, 225; Sanford, Ltd., 235; Sanford Ltd. (pref.), 235; Alburnia, 4s 6d; Moanataiairi (con.), 2s sd, 2s 6d, 2s 5d and 2s 6d; Ohinemuri, 6s. Christchurch, Last Night. Stock Exchange Sales. —Bank of New Zealand, 59s 9d; Bank of New Zealand, rights, 6s 2d; New Zealand Refrigerating Co. (cont;), 6s lid and 7s; Christchurch Gas, 24s Id. CANTERBURY PRODUCE. Christchurch, Last Night. According to a cable received on Monday by a Christchurch firm, the early potato crop in Australia is a failure. While this is unlikely to have any effect locally this season, it may indirectly prove beneficial to Canterbury growers in the New Year. Meanwhile no fresh inquiries are being received, and tubers are stationary round about 35s to farmers at country stations, which are finding it difficult to quit. Seed growers are planting a large acreage. The area sown will apparently be larger than ever this year. The seed market is in a state of stagnation. Only good quality chaff is finding buyers, and there is a fair demand for A grade, the price to farmers at country stations ranging between £5 10s and £6. Oats which have stood in stack all the winter do not cut so well as those chaffed in the autumn and winter. A good proportion of chaff now offering is bright enough, but the weight is lacking. RIMU GOLD DREDGING. Hokitika, Last Night. The Rimu gold dredge washed up yesterday for three weeks’ work approximately thirteen hundred ounces of gold. This is the best return for such a period during the five years the company has been operating. As the result of certain operations recently completed, the prospects of good returns for the next two years are considered assured. WAIKATO STOCK MARKET. The Farmers’ Co-operative Auctioneering Co., Ltd., report:— Beef.—The market is firm and although southern buyers have been operating, sufficient is coming forward to meet the demand, and prices have not improved since our last report. It certainly looks as if we have seen the top price this spring. Fat Sheep.—-Plenty of fat sheep are offering with prices firm at late quotations, best prime store wethers making up to 29s and prime ewes 22s 6d. Store Sheep.-—A good inquiry still exists for hoggets, ewes and lambs, and wethers out of the wool. Store Cattle.—With the abundance of feed about, the market for all classes of store cattle » firm. Grown bullocks, young steers, and good frame store cows are wanted, and there is a keen demand for good yearling Jersey heifers. Dairy Cattle.—Only small yardings are now coming forward, but good dairy cows and choice springing heifers are still meeting with good competition. Pigs.—The market is somewhat easier, big yardings coming forward, prices for baconers and porkers being equal to fid lb. Stores are still meeting with ready sale. Horses. —Good farm sorts are selling well, but heavy draughts and light horses are not in demand. LONDON WHEAT MARKET. By Telegraph—Press Assn. —Copyright. Received Nov. 2, 5.5 p.m. London, Nov. 1. Wheat.—Cargoes are inactive as the Continental and South American markets are closed. Quotations are mostly lower. Parcels closed easier in sympathy with the American decline. Liverpool futures are quoted: December, Us B|d; March, Us; May, 10s l-Bd. GERMAN LLOYD CO. CAPITAL LARGELY INCREASED. Received Nov. 2, 5.5 p.m. Berlin, Nov. 1. The Nord Deuitcher Lloyd Steamship Co. is increasing its capital to £6,250,000, thus equalling its capital before the war. This is interpreted as a move to counteract the merger of the Kosmos Company and others recently announced. LONDON METAL MARKET. Received Nov. 2, 8.40 p.m. London, Nov. 1. Copper.—Standard, spot £57 13s 9d; three months £57 11s 3d. Lead—Spot £29 ss; three months £29 ss. Spelter.—Spot £33 12s 6d; three months £33 12s 6d. Tin—Spot £293 15s; three months. £292. Silver—Standard 24 15-16 d per ounce; fine 26 7-Bd. LONDON MARKETS. TALLOW, HEMP AND WOOL. Received Nov. 2, 5.5 p.m. London, Nov. 1, Tallow.—Market steady, prices same as last quotations, except .mutton, fine, 43s fid to 44s per cwt. Hemp. —Manila market steadier and closed firm. “J” grade October-Decem-ber shipments, sold at £46. Sisal quiet. Tanganyika No. 1, October-December shipments offered £43. Market is affected by uncertainty regarding Mexican position. Reduction confirmed at 70s per ton. New Zealand market quiet, but firm, with sellers October-December shipments highpoints, £3B, fair at £35 10s. Wool.—Bradfortl market dragging. Quotations for tops nominal and about Jd per lb lower. LONDON MARKETS. . HIGH COMMISSIONER'S CABLE. The Department of Agriculture has received the following cablegram, dated

October 30, from the High Commissioner for New Zealand, London;— BUTTER. Market steady. Official quotations are:— New Zealand—Finest salted: October 30, 144 s to 148 s per cwt (Is 3£d to Is 3fd per lb); October 23, 144 s to 146 s per cwt (Is 31<l to Is 3id per lb). Unsalted: October 30, 168 s to 172 s per cwt (Is 6d to Is 6Jd per lb); October 23, 166 s to 172 s per cwt (Is s|d to Is 6id per lb). Other qualities: October 30, 134 s to 138 s per cwt (Is 2!d to Is 2Jd per lb). Australian.—Salted: October 30, 140 s to 146 s per cwt (Is 3d to Is 3Jd per lb); October 23, 138 s to 144 s per cwt (Is 2fd to Is 3Jd per lb). Unsalted: October 30, 166 s to 168 s per cwt (Is s|d to Is 6d per lb); October 23, 164 s to 166 s per cwt (Is 5Jd to Is sjd per lb). Other qualities: October 30, 112 s to 138 s per cwt (Is to Is 2|d per lb). Canadian.—October 30, 142 s to 144 s per cwt (Is 3d to Is 3.jd per lb); October 23, 138 s to 144 s per cwt (Is 2Jd to Is 3Jd per lb). Other qualities: Octobei’ 30, 130 s to 138 s per cwt (Is IJd to Is 2fd per lb). Danish.—October 30, 180 s to 182 s per cwt (Is 7Jd to Is 7Jd per lb); October 23, 17'8s to 182 s per cwt (Is 7d to Is 7jd per lb). Irish.—Creamery: October 30, 148 s to 150 s per cwt (Is 3Jd to Is 4d per lb); October 23, 146 s to 150 s per cwt (is 3Jd to Is 4d per lb). Unsalted: October 30, 154 s to I6os per cwt (Is 4Jd to Is 5d per lb); October 23, 158 s to 162 s per cwt (Is 4|d to Is s{d per lb). Argentine.—Unsalted: October 30, 148 s to 154 s per cwt (Is 3Jd to Is 41d per lb); exceptional, 156 s per cwt (is 4Jd per lb); October 23, 148 s to 152 s per cwt (Is to Is 4|d per lb). Other qualities: October 30, 120 s to 146 s per cwt (Is.Oid to Is 34d per lb). Siberian. —October 30, 128 s to 132 s per cwt (Is IJd to Is 2d per ,1b); October 23, 128 s. to 132 s per cwt (Is Ijd to Is 2d per lb). Other qualities: October

30, 126 s to 126 s per cwt (Is Ojd to Is 14d per lb). CHEESE. Colonial market steady. English Finest Farmers’.—Demand Is steady. October 30, 98s to 104® per cwt (IOJd to lid per lb); October 23, 96s to 102 s per cwt (HQd to IQJd per lb). Canadian. —Finest coloured and white: October 30, 88s to 90s per cwt (9jd to 9£d per lb); October 23, 84s to 88s per cwt (9d to 9Jd per lb). New Zealand. —Coloured: October 30, 85s to 86s per cwt, up to 87s per cwt (9d to 9Jd per lb); October 23, 81s to 84s per cwt (SJd to 9d per lb). White: October 30, 86s to 88s per ewt (9|d to 9fd per lb); October 23, 82s to 84s per cwt (BJd to 9d, and up to 91d per lb). EGGS. Small arrival of best. Market remains steady and present quotations are: — English, Dutch, Danish and French, 22s to 25s per long 100; Belgian, 19s to 21s per long 100; South African, 14s 6d to 18s 6d per long 100; Argentine, Lithuanian, Russian, Polish and Chinese 10s fid to 16s 6d per long 100.