COMMERCIAL

Taranaki Daily News, 13 July 1929, Page 23

COMMERCIAL

SHAREMARKET TRANSACTIONS. Wellington, July 12.—Reported sales: Bank of New Zealand, 61s 6d; Goldsbrough, Mort, 47s lOld, 47s lOd; Equitable Building, £8 10s; Kaiapoi Woollen (pref.), 16s; New Zealand Breweries, 78s fid; Waihi, 12s. Christchurch, July 12. —Sales on Exchange: National Bank of Australasia (£5 paid), £9 15s Cd; National Insurance, 16s 3d (four parcels); New Zealand Breweries, 78s fid; British Tobacco Co., 18s 8d; Henry Jones Co-op., 34s 9d; Electro Zinc (pref. cum. div.). 37s Id; Victoria Nyanza Sugar, 4Gs 6d. Reported sales: Bank of New’ Zealand, fils Sei; National Bank of Australasia (£5 paid), £9 16s. BUTTER MARKET SLOW QUIETNESS IN CHEESE. By Telegraph—Press Assn.—Copyright. London, July 11. Butter.--Slow, Danish 1725; choicest salted and unsalted New Zealand, 170s' to 1725; Australian, 166 s to 168 s. Cheese.—Quiet; New Zealand white, 90s; coloured, 925. WOOL PRICES UNCHANGED. REALISATIONS IN LONDON. London, July 11. At the wool sales 9431 bales were offered, of which 4373 were from New Zealand. It was an average selection of top-makers’ and spinners’ sorts; Merinos, fair supply of medium; greasy crossbreds, a good offering of slipes. There was fair competition with some withdrawals. Prices are unchanged. The New Zealand greasy half-bred Otekaike clip brought 21d top price, and 19d average; Hakataromea, secured halfbred, 3P/ a <l to 33d. The Bradford market is showing a lack of confidence, and quotations are sagging, 6-I's, 38d; 60’s, 3Gd; 56‘s, 30d; 50's, 26d; 46's, 22d; 40’s, 21%d.

LONDON WOOL SALES. DALGETY AND COMPANY’S REPORT. Wool sales opened; attendance of buyers, large; selection poor, mainly slipe. Competition irregular, but fairly animated. As compared with closing rates of last series:—Merino, 74 per cent lower; crossbred, fine, 74 per cent, lower; crossbred, medium and coarse, 5 per cent, to 7J per cent, lower; combing slipes, 10 per cent. lower; clothing slipes, 5 per cent, lower. The Department of Agriculture has received the following cablegram, dated 10th instant, from the High Commissioner for New Zealand, London: —

Wool. —Sales opened yesterday with large and fairly active competition. Opening selection very poor with Merino offerings small. New Zealand chiefly represented in slipe. As expected, prices have declined Compared w’ith closing rates at last series;—Greasy Merino per cent., fine crossbred, nothing offered, medium crossbred 5 per cent, to 74 per cent., coarse crossbred 5 per cent, lower. Slipe, fine half bred 10 per cent., medium crossbred 7| per cent., coarse crossbred 5 per cent, cheaper. 127500 bales available for series, of which Australia 58,000. New Zealand 47,000 and South America •20,000.

NEW PLYMOUTH AUCTION MARTS.

Messrs. Newton King, Ltd., report that at their Haymarket sale yesterday there was a full yarding, and the whole entry sold under spirited competition at prices a little in advance of late quotations. Details are: Unfinished porkers, 32s to 335; largo stores, 275; smaller sorts, 20s to 22 s: best weaners, 16; others, Ils to 14. Messrs. Webster Bros, advise that egg prices for the week -were: Hens, 2s 14d to 2s 3d; mixed, 2s Id to 2s 2Jd; ducks, 2s to 2s Id. Messrs. Sturm and Phillips report that hens realised from 2s 6d to 3s 6d, and cockerels from 2s 9d to 4s. Messrs. L. A. Nolan and Co. advise that hens sold at from 2s 5d to 5s Id; pullets, 4s to 6s; cockerels, 2s to 6s 6d; bantams, 7d to Is; ducks, 2s 7d to 3s 9d: turkey hens, Bs.

DAIRY PRODUCE PRICES. Mr. E. Griffiths has received the following cable from his London principals: The butter market is very quiet. Finest salted, 171 s to 1725; first, 169 s to 170 s; Danish, 172 s to 1745; Australian, 164 s to 1665; Irish, 166 s to 168 s. The Continental market has declined 4s to 6s. Cheese is slow. New Zealand, white, 89s to 90s; coloured, 91s to 925; Canadian c.i.f. quotations, Western, 88s to 80s; Eastern, 86s to 87s.

STOCK SALES IN TARANAKI, PRICES CHANGE LITTLE. No change has occurred during the week in the prices for beef in Taranaki. Prices for store and fat ewes have been inclined to ease but otherwise firmness is evident in the sheep classes. The shortage of store hoggets and wethers is marked. Store cattle are few and dairy catle bring good prices. Pig‘prices have risen.

Messrs. Newton King, Ltd., report that no change in the prices ruling for beef has been effected during the week. Their.open markets are practically devoid of first quality beef and with this fact in evidence, requirements for North Taranaki consumption are fulfilled through the medium of private treaty, prices ruling being on a par with late quotations. Prices for wether mutton remain firm but those ruling for ewe mutton have a tendency to ease a little, this being due, no doubt, to supplies of the class being a little more plentiful than in the past. As with beef, fattenors prefer to sell in the paddock and requirements are fulfilled through this medium. Prices ftt present ruling are: Heavy prime fat wethers, £2; fat wethers, 37s to 38s; light and unfinished ewes, 35s to 365: heavy prime fat ewes, 29s to 30s; lighter 26s to 275.

Prices offering by prospective buyers for in-lamb store ewes have eased a little, this being due. no doubt, to the drop in the prices offering for wool. There are fair numbers of small lots offering, and, vendors meeting the market, sales are steadily being effected. There is a marked shortage of both hoggets and wethers, W’ith the result that the prices for both of these classes remain firm; in fact, prices for* the former have a tendency to harden. Few of any of the classes of store sheep are being submitted at fortnightly fixtures, with the result that the majority of the sales that are effected are made