COMMERCIAL.

Taranaki Daily News, 16 December 1926, Page 4

COMMERCIAL.

CANTERBURY MARKETS. By Telegraph.—Press Association. Christchurch, Dec. 14. Business is dull and little activity need be expected until after the holidays. Reports of wheat crops point to a prospect of a good yield, and in addition the harvest promises to be quite a fortnight earlier than usual. There is a cessation of business at the moment in view of the season's crop, as the Australian flour quotations continue to obstruct the issue. Nominally values on trucks range about 5s 9d, but business at this figure is small if at all. In the absence of actual business, quotations for new season's seeds are more or less nominal, but perennial ryegrass is mentioned at 3s to 3s 6d a bushel on trucks. Italian (of which there is a big carry-over) to 2s. Cocksfoot (which is again a short crop on the peninsula), 6d to 7d a lb. White clover 9d, and red clover Bd. • Algerian oats are quoted at 2s 3d to 2s 6d on trucks, and in view of the fact that white oats are still fairly plentiful in store in the south, the market for them is without life. With the knowledge of the stocks in this island northern traders are buying only as oats are wanted. The quotation for main potato crop delivery remains at about £3 10s on trucks. Merchants will not exceed this figure, and as farmers consider that the value, when digging commences, is not likely to be any lower, they are satisfied to “wait and see.” Crops are generally looking well, though the frost has nipped some. The northern demand for the past season’s crops is over. Onions are looking well and quotations at the moment are up to £4 15s on trucks for March-April delivery. The prevailing idea is that the area planted is larger than last year due to 'the high prices secured for late crops.

LONDON MARKETS. By Telecrst* —Frsaa Assn.—Copyright. London, Dec. 13. Wheat cargoes are inactive at 3d to 6d decline on American pressure to sell and the lower Argentine cables. Parcels are dull at 9d to Is lower. Liverpool futures are quoted: December delivery, buyers, Ils 3Jd; March, buyers, 10s 6 l-8d; May, 10s 3 l-Bd. Copper.—Standard, spot, £57 8s 9d; three months, £5B 3s 9d. Lead.—Spot, £29 3s 9d; three months, £29 Us 3d. Spelter.—Spot, £33 Is 3d; three months, £33 Is 3d. Tin. —Spot, £307 12s 6d; three months, £298 2s 6d. LOAN AND MERCANTILE CO. NEW ISSUE OF SHARES. London, Dec. 13. The prospectus has beejj issued for the Loan and Mercantile’s new issue of shares. BRADFORD WOOL TRADE. a London, Dee. 13. Bradford reports a restricted volume of business, quotations being unchanged. HIGH COMMISSIONER’S CABLE. The Department oi Agriculture has re--ceivcd the following cablegram, dated December 11, from the High Commissioner for New Zealand, London:— BUTTER. Market firm. Demand less active at the close. Official quotations are: — New Zealand.—Salted: December 11, 168 s to 170 s per cwt. (Is 6d to Is 63d per lb)December 4,160 s to 166 s per cwt. (Is 5d to Is 5Jd per lb); December 11, exceptional 176 s per cwt. (Is 6Jd per lb). Other qualities: December 11, 164 s to 166 s per cwt. (Is 5d to Is 53d per lb). New Zealand Control Board official minimum prices are: —Finest, 176 s per cwt, (Is 6Jd per lb); first grade, 170 s per cwt. (Is 6id per lb). Australian. —Salted: December 11, 166 s to 170 s per cwt. (Is 5Jd to Is 63d per lb); exceptional, 172 s per cwt. (Is 63d per lb); December 4,160 a to 164 s per cwt. (Is 5d to Is 53d per lb). Unsalted: December 11, 168 s to 172 s per cwt. (Is 6d to Is 63d per lb); December 4,162 s to 166 s per cwt. (Is s}d to Is 5Jd per lb). Other qualities: December 11, 134 s to 164 s per cwt. (Is 2Jd to Is 53d per lb).

Canadian. —December 11, 164 a to 166 s per cwt. (Is 53d to Is 5Jd per lb); December 4,156 s to 158 s per cwt. (Is 4Jd to Is 4Jd per lb). Siberian.—December 11, 150 s to 154 s per cwt. (Is 4d to Is 43d per lb); December 4,146 s to 150 s per cwt. (Is 3Jd to Is 4d per lb). Argentine.—Unsalted: December 11, 156 s to 160 s per cwt. (Is 4Jd to Is 5d per lb); December 4,144 s to 150 s per cwt. (Is 3d to Is 4d per lb). Other qualities: December 11, 136 s to 154 s per cwt. (Is 2Jd to Is 44d per lb). Danish. —December 11, 190 s to 192 a per cwt. (Is BJd to Is per lb); December 4,182 s per cwt. (Is 7Jd per lb). CHEESE. Colonial market steady. Official quotations- are:— English.—Finest farmers’: December 11, 108 s to 112 s per cwt. (113 d to Is per lb); December 4,106 s to 110 s per cwt. (lljd to 113 d per lb). Canadian. —Coloured and white. December 11, 95s to 98s per cwt. (lOd to 103 d per lb); December 4,92 s to 96s per cwt. (9:'|d to 10}d per lb). New Zealand.—Coloured and white: December 11, 95s to 96s per cwt. (lOd to 103 d per lb); December 4,93 s to 94s per cwt. (9}d to lOd per lb). Control Board minimum prices are: Finest, 96s per cwt. (103 d per lb); first grade, 955. per cwt. (lOd per lb). Australian. —Coloured: December 11, 93s per cwt. (lOd per lb); December 4,90 s to 92s per cwt. (9d to 9Jd per lb). Shipment of New Zealand produce arrived this week per s.s. lonic. DOMINION SHAREMARKETS. Wellington, Dec. 14. Reported Sales.—New Zealand Breweries, £2 12s 6d; Electrolytic Zinc (preference), £1 17s 73d. Christchurch, Dec. 14. Reported Sales. —Howard Smith and Co., 325. Sales on ’Change. —Goldsborough Mort (cum. div.) 49s Gd; Electro-Zine (preferential), 37s 4d.