COMMERCIAL

Taranaki Daily News, 17 July 1929, Page 16

COMMERCIAL

SHAREMARKET TRANSACTIONS. Christchurch, July 16.—Sales on Exchange: Commercial Bank of Australia, 30s (two parcels)- National Bank of Australasia (25s paid), .£9 16s (2); Kaiapoi Woollen (17s paid), 14s; New Zealand Breweries, 80s (3), 79s lOd (2), 79s 9d; Staples’ Brewery, 535. Reported sales: South British Insurance, 68 e 3d; Goldsbrough, Mort, 47s 6d; New Zealand Breweries, 80s; British Tobacco, 46s 8d; New Zealand Drug Co., 75s 9d. Wellington, July 16.—Reported sales: Queensland Insurance, 645; Gear Meat, 445; Auckland Gas, contributing, 18s 4d (cum. div.); South British Insurance, £3 8s 3d; Gear Meat, £2 4s 3d; New Zealand Breweries, £4; Victoria Nyanza Sugar, £2 6 e 10d. Sales on Exchange: New Zealand Breweries, £4 (two lots). Dunedin, July 16. —Sales o» Exchange: Electrolytic Zinc, pref., 37s 6d, ordinary 36s 6d (two parcels). Auckland, Last Night.—Sharemarket sales: Commercial Bank of Australia, 30s Id; Bank of New South Wales (late sale yesterday), £5l 15s; National Insurance, 16s 3d; Goldsbrough Mort, 47s 3d; Auckland Gas, 24s Bd, 24s 9d; Auckland Gas (contributing), 18s 4d, 18s sd, 18s sd; Hayward’s Pictures, 19s 6d; Waihi. 12s; Kuala Kampa, Ltd., 14s; Taranaki Oil Fields, 3s.

POTATO MARKET JUMPS. PRICES £2 IN FORTNIGHT. By Telegraph.—Press Association. * Christchurch, Last Night. The potato market has jumped substantially since the week-end. The firming set in yesterday morning and today potatoes were sold for shipment by the Katoa next week at £7 5s a ton f.o.b. sacks in. At the week-end the quotation was £6 12s 6d to £6 15s. For July-September deli-. _ry, values have advanced from £6 15s to £7 IDs a ton f.o.b. sacks in. The cause of the sudden jump in values is twofold. Auckland inquiries on account of the scarcity in the northern centre had hardened the market substantially and a further fillup was given by a cablegram in this morning’s papers to the effect that the removal of the embargo against New Zealand tubers entering Australia wag being urged in Sydney. Though there is not much to support this possibility, the proposal had an effect "in further hardening the market. Prompt potatoes are up to £2 a ton better than they were a fortnight ago, £7 5s as against. £5 5s to £5 10s f.o.b. sacks in. The Wingatui will be loading at Lyttelton to-morrow. The vessel took about 4000 sacks from Timaru and it is expected that between 4500 and 5000 sacks will be lifted from Lyttelton, or in the aggregate up to 9000 sacks. The Katoa will not be leaving until next Monday or Tuesday. Values on trucks have advanced from £4 5s a fortnight ago to £6 to-day. Farmers are not offering freely and in any ease the burst of wet weather is holding up the bagging of potatoes from pits.

Onions have taken a sharp advance and are worth £6 a ton on trucks. Buying, however, is of a hand-to-mouth order as quality is not very dependable. The shipment to Sydney per the Karetu is due to arrive and as the market is very firm there at the moment, satisfactory prices are anticipated. The shipment comprised about 60 tons.

All the market interest is concentrated on potatoes, othei’ branches of produce being “as they were.” LONDON WOOL SALES FIRMER. PRICES REMAIN UNCHANGED. By Telegraph—Brass Assn. —Copyright. London, July 15. At the wool sales. 1129 bales werfe offered. There was a good average selection of Merinos of both spinners’ and topmakers’ styles, a poor offering of greasy crossbreds and a good supply of slipes. New Zealand scoured Merinos and crossbreds were well represented. Prices were unchanged, but there was a slightly firmer tone. The New Zealand scoured super-combing Dunstan Down clip brought 38d top price, 35Ad average; ditto, Glen Tanner, 36d and 35£d. No business is passing at Bradford and bids are slightly easier.

LONDON MARKETS. HIGH COMMISSIONER’S CABLE. The Department of Agriculture has received the following cablegram, dated July 13, from the High Commissioner for New Zealand, London:— Tallow. —No auction this week. Market quiet at last quotations. Apples. —S.s. Port Campbell, s.s. Rotorua, s.s. Karamea, and s.s. Tamaroa have arrived. S.s. Port Campbell and s.s. Rotorua consignments in forward condition and some wasty. Other ships satisfactory. Fair demand, and stocks clearing steadily. Prices: —Sturmers, 14 s to 19s per case; Dougherty, Rokewood, Statesman and Rome Beauty, ISs to 225. Hemp.—Manila market opened dull, but better demand developed later and prices improved. J grade shipment to be in July-September, value £37 10s, shipment to be in August-October. £37 15s. Sisal. —Market quiet and little irregular. Closing values Tanganyika and Kenya No. 1, shipment to be in JulySeptember, £39; No. 2, £37 15s; good marks, 20s more, New Zealand. —Market very quiet. Nominal closing values, highpoints, shipment to be in July-August. £33 10s; others unchanged. Wool. —Sales continue. Competition somewhat irregular, but no change m prices for quota.