COMMERCIAL.

Taranaki Daily News, 27 November 1926, Page 13

COMMERCIAL.

DOMINION SHAREMARKETS. By Telegraph.—Press Association. Auckland, Lost Night. Stock Exchange Sales. —Commercial Bank of Australia, 32s 3d; Goldsborough Mort, 49s lOd; Auckland Gas (cont.), 13s Id; Electrolytic Zine, 35s fid; Taranaki Oil, 10s; Alburnia, 4s 2d; Moanataiari (eont.l, 6s, 5s 9d, 5s Bd, 5e 7d, 5s 6d, 5s 7d, 5s 6d; Kawarau, 3e 7d, 3s 6d; Lucky Shot (cont.), Is 4d, Is 3d, Is 4d; New Waiotahi, Is 6d; New Waiotalii (cent.), Is 3d; Mount Lyell, 28s lOd and 295, CANTERBURY MARKETS. Christchurch, Last Night. Tihe season just ending has been such a disappointing one for the produce trade that most of its members prefer to talk about the 1927 prospects. Various small seeds are still on hand and will scarcely be cleared before the new season's stuff commences to come, in.

There is a general agreement that a further increased potato area is going in this year. Seed has not been so. Cheap for years, and the good prices earlier in the. season have instilled confidence in the minds of the growers. The unfavourable season in the Commonwealth for early potatoes and the strong demand there ,at present, is another factor in the planting of a larger area and the probabilities of export in 1927 are considered bright. The early crops are looking well and potatoes are still being put in. A small amount of forward business was done some mouths ago at £4 a ton on trucks, but £3 IDs is about the basis at present. There arc a few white oats about, but nobody wants them. Values are nominal, but the 4s 2d oats of a couple of months ago are worth about fid less iiow, and the new season possesses anything but a rosy outlook for growers. The increasing vogue this year of the tractor on the farm will cause a further release Of oats for the market, and the Government . figures of the area sown show a very heavy average. Prices are so far very much in the air, but a little forward selling has taken place for Algerians at -the equivalent of 2s 6d to 2s 7d a bushel on trucks. Gartons range about 2s.

The rapid decline in the price of Australian flour has upset the local millers’ prices. They had been buying fairly freely at 6s a bushel on trucks, but today imported flour ia quoted at £l2 per toil f.o.b. Melbourne, and the buying element speedily retired. Wheat crops are looking particularly well, but a lengthy spell of dry weather aud freedom from rain are required to retard the straw growth which otherwise niay detrimentally affect the yield. The crops so far. however, are looking at their best. The Statistician’s estimate of the yield. 222,0(10 acres, surprised most members of the trade. The general belief was that another 20,000 acres would have been sown, and that belief still exists in some quarters.

AUCKLAND WOOL SALES. SATISFACTORY CLEARANCE. . Auckland, Last Night. The wool eale closed to-day, spirited bidding being maintained throughout. A very satisfactory clearance was made, about 95 per cent, being sold. Pi Sees, compared with the three, southern sates, showed a considerable advance. The Auckland clip offered at this sale represented the beet quality presented to buyers this season, and the good clear, anee was largely due to increased competition by Continental buyers compared with their southern operations. The majority of growers will receive slightly less than was realised at the corresponding sale last year. Values for crossbreds were appreciably better than those recorded at the February sale; bellies, pieces and. enrtehings, and locks also, made better prices than in February. The top price, 20Jd, which was paid yesterday for a line of halfbred, was unequalled to-day, the next highest price (Ifidj- being paid for a line' of quarterbred.

LONDON M-ETAL MARKET. By Telegraph—Tress Assn.—Copyright. Received Xov. 2ti. 9.30 p.m. London. Nov. 26. Copper.— Spot. £66 16s 3d; three months. £57 Us 3d.

Lead.—Spot, £29 ss; three months, £29 lie 3d. Spelter.—Spot. £33 10s; three months £33 10s. . Tin. —Spot, £313 2s Cd; three months, £302 7s fid. Silver. —Standard, 25jd; fine. 27,(3 per ounce.