COMMERCIAL

Taranaki Daily News, 17 March 1928, Page 15

COMMERCIAL

By Telegraph.—Press Association. Auckland, Last Night. Share market sales.—Bank of Australasia, £l4 19s; Commercial Bank of Auctralia, 27s 9d; Bank of New Zealand, 595; Nev.’ Zealand Insurance, 41s 3d; Loan and Mercantile, £100; Auckland Gas, 21s 9d; Northern Steam, 15s Id; British Tobacco, 39s 9d; Milne and Choyce (debenture stock), 23s 9d. CANTERBURY MARKETS. Christchurch, Last Night. The inquiry from England, mentioned in the last week-end report, in regard to oats has developed into a very substantial measure of business. The s.s. Ruapehu, sailing towards the end of the month, will load from various South Island ports and more oats will be shipped in April. The inquiry from Home indicates that an export business is probable until June, this naturally depending on whether prices here will make export possible. At the moment the f.o.b.s.i. price is 3s 8d a bushel, which is just a shade above export parity, the local markpt having hardened during the week as a result of the Home demand. The business so far has related to A grade Gartons, but inquiry has now set in for B Gartons. Quotations for A’s, on trucks, are 3s to 3s Id, and for B’s 3d less. Duns were sold during the week for shipment across the Tasman at 3s lOd a bushel f.o.b.s.i. The demand for this variety is for a special feed purpose. The chaff market is very quiet and nominal values on trucks are £3 7s 6d a ton.

The wheat market is very quiet and prices show no change on those recorded a week ago, i.e., 5s 5d a bushel on trucks. The btirst of wet weather has not been an unmixed blessing in the lessening of offers and the consequent steadying of ths market. Farmers in mid-Canterbury who on account of the very dry season had been anticipating threshing out of the stock, have had their programme altered. The London boat is leaving about the end of next week with a cargo for London. March delivery is worth 6s 7d to 6s 8d f.o.b.s.i. and April-May 6s 5d to 6s 6d. On truck prices are approximately 8d a bushel less.

Fairly substantial quantities of seeds are being shipped north. There is no change in values and during the week no great quantity of seeds have been offered.

Potatoes have been selling freely at up to £6 f.o.b.s.i. for prompt shipment, but to-day the quotation was £6 ss. The North Island is inquiring for April delivery, the f.o.b.s.i. price being £5 12s 6d. LONDON METAL MARKET. B;. - Telegraph —Press Assn Copyright. Received Marell 16, 8.30 p.m. A. and N.Z. London, March 15. Copper.—Spot. £6O 18s IJd; three months, £6O 18s IJd. Electrolytic, £66 10s; three months, £66 15s. Wire bars, £O6 las. Lead.—Spot, £l9 15s; three months, £2O 3s 9d. Spelter.—Spot, £25 2s 6d; three months, £24 18s 9d. Tin.—Spot, £225 12s 6d; three months, £227 16s 3d. Silver.—Standard, 26 5-16 d per ounce; fine, 28 3-Bd. LONDON TALLOW SALE. Messrs. Dalgety and Company, Ltd., report having received the following cablegram from their London house under date March 14:—Tallow: 449 casks offered, 242 casks sold. We quote: Fine mutton, 45s cwt; fine beef, 41s cwt; good mixed, 37s 6d cwt; inferior, 34s cwt. Prices are mostly 6d lower. DAIRY PRODUCE PRICES. The New Zealand Loan and Mercantile Agency Co., Ltd., have received the following cablegram from their London house, under date March 14 (last quotations in parentheses):—Butter, New Zealand 172 s to 175 s per cwt (172 s to 174 s); market quiet. Cheese, 106 s per cwt (97s to 98s); market steady. LONDON BUTTER MARKET. Received March 16, 8.30 p.m. A. and N.Z. London, March 15. The butter market is firm. Choicest unsalted is quoted at 173 s to 176 s foi New Zealand, 168 s to 170 s for Australian, and 192 s for Danish. Cheese is in good demand. New Zealand is quoted at 98s to 995, and Australian at 94? to §Gs,