COMMERCIAL

Taranaki Daily News, 24 September 1928, Page 16

COMMERCIAL

SHAREMARKET SALES. Christchurch, Sept. 22.—Sales on ’Change.—Bank of New South Wales, £5 Is sd; South British Insurance, 635; New Zealand Refrigerating ( £1 paid), 19s; New Zealand Breweries, 53g 9d; New Zealand Farmers’ Co-operative (6J per cent, stock, 1940), £92 10s. Sales Reported.—New Zealand Sugar of Milk, 26s 6d (four parcels). Auckland, Sept. 21. Sharemarket sales: Commercial Bank of Australia, 30s sd; English, Scottish and Australian Bank, £8 16s; National Bank of New Zealand, £7 ss; New Zealand Insurance, 455; Queensland Insurance, 65s 3d; South British Insurance, 62s 9d; Renown collieries, 13s; Renown collieries (pref.), 2s 6d; Huddart Parker, 48s 3d; New Zealand Breweries, shares, 52s 6d; Taranaki Oil, 8s 6d; Whittome Steven,son, 48s; Waihi, 12s lOd. DAIRY’ PRODUCE MARKET. Messrs. Collett and Co. Ltd. have received the following cable advice from their British principals:—Creamery butter, 182 s to 184 s; cheese, 112 s to 114 s. j CANTERBURY MARKETS. POTATO PRICES RISING. Christchurch, Last Night. Sinti the midweek report there has been a period of slackness in market circles and prices for all lines except potatoes show no change. With regard to potatoes, however, there has been a hardening, due to two main causes. In the first instance there is an undoubted shortage. Orders are being received not only from Auckland, which is always the principal source, but also from outside places such as Napier and Gisborne, while Wellington has also Deen looking for supplies. In some instances oversellers have been actively looking round for potatoes in order to cover themselves, and consequently the value of potatoes is higher at present than it has been for some time. While it is a fact that some districts have got rid of all that they had, in others there is a fair quantitystill to be disposed of. Those farmers who are holding, however, are inclined to stick out for as high a figure as they can get. The YVingatui, which sailed earlier in the .week for the North, took some 2000 sacks from Lyttelton in addition to which she had on board about 1860 sacks from Timaru. It is not expected that the Waipiata, which will probably get away on Monday, will taxe inany potatoes with her and only a small lot was shipped by the Kaitangata which sailed last night. The price to farmers on trucks at country stations is £5 las, but as much as £6 was paid in at least one instance this week. NEWTON KING LTD. REPORT Newton King Limited’s market report for week ending Saturday September 22. Beef.—The market is still very firm and supplies are still limited with the result that prices have not eased since our last report. The open markets are devoid of any ox beef and owing to this fact the small numbers of cows and heifers that are being yarded are subject to keen competition. Limited supplies of ox beef are offering in the paddock and these are meeting w-ith a ready sale at rates on a par w-ith late quotations. Sales have been effected through the medium of private treaty as follows: Medium weight steel’s £l4, heavy fat cows £l3 10s, extra heavy prime fat heifers £l5 2s, medium fat cows £ll 10s, while prices obtained in the open markets have been as follows: Heavy fat cows up to £l3, lighter sorts £lO 3s, killa-ble sorts £8 to £9. Fat Sheep.—Some difficulty is still being experienced in fulfilling requirements in - this section which naturally tends to the market hardening. Of the limited numbers that have been offering sales have been effected at prices on a par with late quotations. Store Sheep.—The enquiry for this class is still strong with very few lines offering. Quotations from other districts are much in advance of last season’s quotations, this being due no doubt to the general shortage that is anticipated when the fairs come around.

Store Cattle. —The shortage in this elass is much in evidence by the limited quotations that are being received also by the conspicuousnees of their absence from the open market. Now that feed is more plentiful the demand is very strong with the result that the small tots that are coming forward ar® subject to keen competition. The open market consists largely of store and forward cows and with very few male cattle offering, these are keenly competed for. Yearling heifers are still subject to spirited competition and the small lots that are being submitted to public auction are meeting with a ready sale. Prices ruling being as follows: Best yearling Jerseys up to £7, medium quality sorts £5 5s to £6, small and mixed coloured sorts £3 to £3 15s.

Dairy Cattle.—Few cattle of good quality are coming forward with the result that anything possessing jaay. quality is subject to keen competition. Quotations are: Best daii-y cows at the drop or in full milk £l5 to £l6. Medium quality sorts £ll. to £l2 10s, old and backward sorts £7 10s to £8 10s, best heifers at the drop £l6, medium sorts £lO to £l’2. small and backward £7 to £B.

Pigs.—Good yardings of stores are still in evidence and are meeting with a ready sate. Few fats are being yarded, sellers preferring to dispose of their stocks over the scales. Quotations are: Unfinished porkers 33s to 355, ftarge stores 28s to 30s, smaller sorts 18s to 235, choice weaners 18s to 21s, medium sorts 12s to 15s, small 8s to 10s. At Ohura sale on Thursday there was a good entry and the whole yarding was subject to keen competition, with the result that a full clearance was effected at satisfactory prices. Quotations are: —Heavy fat cows £l4, lighter sorts £l2, good' framed store cows £5 to £6, low-conditioned 3-year Holstein steers £8 7s 6d, 2-year steers £7 2s to £7 18s, small P.A. cross yearling steers £5 4s, mixed coloured yearling steers £5 10s, 2-year P.A. cross heifers £6 Is, small P.A. cross yearling heifers £3 10s, small and backward springing heifers making from £7 10s to £8 10s YVOOL SALES AT LONDON. By Telegraph—Press Assn. —Copyright. London, Sept. 21. At the woo] sales 11,089 bales were offered, of which 3247 were Australian and 5647 New Zealand. There was a miscellaneous selection of merinos, only

a few greasy crossbreds, and a large offering of slipes. There was fair competition, but withdrawals were frequent. Prices were firm at the opening rates. The New Zealand Bayfields clip brought 23d.