FINANCE AND COMMERCE

Taranaki Daily News, 30 April 1930, Page 16

FINANCE AND COMMERCE

SHAREMARKET TRANSACTIONS. Wellington, April 29—Sales on Exchange: Inscribed Stock, 4| per cent, 1938, £97 15s; British Tobacco (Aust.), ord., 40s. Reported sale: Queensland Insurance, 4Ss. Christchurch, April 29. —Sales on Exchange: Bank of New Zealand, cum. div., 58s 6d (two lots); Dunlop Perdriau Rubber, IGs 9d; Christchurch Gas (10s paid), 13s 2d (two lots). Reported sale: Timaru Gas, 225; Tooth’s . Brewery, 32<s (id. Dunedin, April 29. —Late sales yesterday, Bank of New Zealand, 58s, 58s 3d.

Auckland, April 29.—Share market sales: Inscribed Stock, 1933, 51 per cent., i 99 2s Gd; Commercial Bank of Australia, 21s Gd (late sale Monday), 21s sd; Bank of New Zealand, 58s Gd; Bank of New Zealand (D mortgage), 26s 4Jd; North Auckland Farmers’ Co-op., 2s 4d; Renown Collieries (new pref.), 2s 9d; Auckland Gas, 23s fid; Kauri Timber, 13s Gd; British Tobacco, 40s; Bycroft Ltd., 345; Now Zealand Farmers’ Fertilser, 18s 10d; Waihi, 13s 9d. HIDES AND SKINS. PRICES AT WELLINGTON. The fortnightly sale of sheepskins, hides, tallow and sundries was held at Wellington on Thursday. Fair sized catalogues were submitted £o a full attendance of buyers. • The demand for ad grades of sheepskins was excellent and good clearances were made at prices fully up to late rates,' ' with the exception of inferior, 'seedy and damaged parcels, which were .at times jd lower. Salted skins sold on a par with previous rates. Supplies of hides were Smaller than usual. Values for heavies were par to l-8d better, lights id, while mediums ruled at par. Kip and. yearling sold up to previous quoted rates. Calf were dull of -sale, prices being fully.id per lb lower. The demand far tallow was fairly good and prices were .without much change. The following is ,the range of prices:— •Sheepskins. —Halfbred 7£d, fine crossbred 7id to Bd, medium crossbred, s{d to 7id, coarse crossbred 5d to 7d, half wools 4;jd to 7id, quarter wools 4d to 62d, pelts 4d to 6ld, quarter wools, 2s lOd to 45,. half wools, 3s 8d to 4s lid, lambs 2s to 3s 4d. Hides—Cx, 33 to 441 b, s£d; 45 to 52 lb, 5 l-8d to 6id; 53 to 591 b, 5. 5-Sd and Gid; do to 691 b, 6Jd to 7d, 701 b .and over, to 7 3-8 d; cow, 33 to 391 b, 3d to 5 7-Bd;'4o.to 481 b, 5 l-Bd. to 5 7-8 d; 491 b and over, s:}d to 5 3-8 d; kip, 25 to 321 b ,: 4(4 to 6 3-8 d; 17 to 241 b, 4id to fid; yearling, 11 to 161 b, to 9 3-8 d; calf, 9 Co 101 b, to 7d; 6 to 81b, 8d to 11 l-8d; calf, 1 to 51b, 10 l-8d to lid. . Tallow.—ln casks. 24s 6d to 275; in tins, 13s 6d to 255. Horse -hair.—l7|d. LONDON HEMP MARKET.

NEW ZEALAND SALES.

The Department of Agriculture has received the following cablegram, dated April 26, from the High Commissioner for New Zealand, Londoit: —

Hemp: Manila- market quiet, but steady. Afloat pressed for sale. J grade for *April/Ju'ne shipment value ’£29. Sisal: Market quiet and. easier. Sellers quote No. 1, good marks, for AprilJune shipment at £32 15s. No. 2 afloat sold at £3l. New Zealand: Little more interest shown. Sales reported of April/June shipment, higlipoints at £3O, fair £27 per ton; fair afloat, £26 15s. POTATO MARKET WEAKER. DANGER OF OVER-SUPPLY. By Telegraph.—Press Association. ■ < Christchurch; Last Night. ■ Owing to lack of business there is a tendency on the local grain and produce market for prices to ‘recede. Business has recovered a little since the holidays, but still lacks .animation, and there is not a great volume of it. The potato market has slipped back still- further, to-day’s quotation- being £3 to £3 ss. a ton, on trucks. Throughout the province digging is now in progress, and, generally speaking,-the outturn is*' satisfactory. Potatoes are being sent to the North Island in such large quantities that the markets- thereare being over-supplied. It js anticipated that about 16,000 sacks will be shipped from Lyttelton this week. The Waipiata left ‘yesterday with about 4226 sacks for Auckland. The Kurow left Timaru on Monday with 1600 sacks for Auckland, and will return to Lyttelton this week, when it is expected that she will lift 10,000 sacks of potatoes. The shipments of potatoes which have gone from Lyttelton this season up to Saturday last are: —For Auckland, 21,721 sacks; for Wellington, 11,020 sacks; for Napier and Gisborne, 3010 sacks; for the west coast of the North Island, 7807 sacks; for the Westcoast of the South Island, 3538 sacks. -There, is very little change in wheat prices; which are quoted as follows: Tuscan ss. Bd. to ss. 9d. a bushel, Hunters ss. 9d. to ss. 10(1., Pearl ss. lid. to 65., on trucks in each case. Fowl wheat is worth ss. G<l., on trucks at handy stations.

There is not a great deal of business passing in the oats market. A Gartons can be readily disposed of at 3s. to 3s. 6d., on trucks, and B’s at 3s. to 3s. 3d. The chaff market is a little firmer than it was, good bright being quoted to-day at £5 on trucks. A "little more animation is apparent in the market for linseed, which tai’ay is quoted at £l5 a ton, on trucks. Business in small seeds at the present time is negligible.