FINANCE AND COMMERCE

Taranaki Daily News, 27 August 1930, Page 16

FINANCE AND COMMERCE

SHAREMARZET SALES. Auckland, Aug. 26.—Sharemarket sales: Inscribed Stock, 1938, 4* per cent., £100; Auckland Gas, 1932, 5 per cent., £96 10s; Commercial Bank of Aust.raiia( late sale), 19s lid; Bank of New South Wales, £36 2s Gd; Bank of New Zealand, 55,s 9d; New Zealand Insurance, 42s (two parcels); Dalgety and Co., £9 14s (two parcels); Auckland Gas, 245; New Zealand Breweries, 50s Gd; Staples' Brewery, 43s 9d (two parcels); Wilson’s Cement, 40sWaihi, 14s 4d. Christchurch, Aug. 26.—Sales on Exchange: Bank of New South Wales (cum. div.), £36 (two parcels); New Zealand Insurance, 41s 9d;.United Building Society, IGs; Mount Lyell, 21s 8d; Mahakipawa, 24d (two parcels); Holden’s Motors (cum. div.), 9s 2d (two parcels). Sales reported: Bank of New Zealand, 55s lid (two parcels); New Zealand Insurance, 41s lOd; New Zealand Breweries, 50s Gd (two parcels); Staples’ Brewery, 43s 9d; Canterbury Saleyards, 365; Mount Lyell, 21s 8d; Bank of New South Wales, £36; Dalgety and Co., £9 14s. POTATO MARKET VERY QUIET. FUTURE TREND UNCERTAIN. By Telegraph.—Press Association. Christchurch, Last Night. The value of potatoes to-day is about £2 5s on trucks and. the market is very quiet. Sales have been made of Dakotas at values equivalent to below £2 5s on trucks. The Waipiata is loading at Tiinaru and. is expected to take a fairsized shipment. The Waikouaiti is loading at Lyttelton and it is reported that she will take about 7000 sacks. Opinions as to the immediate future of the potato markqfr vary, but the majority are far from’ optimistic. : , : ’ Small seeds, oats and wheat show

little life. Millers are buying occasional lines of next season’s wheat at 5s 9d f.o.b. or 5s 6d to 5s 7d on trucks according to stations. Fowl wheat is firm at 6s 2d f.0.b., sacks extra; - 5 . ■ LONDON MARKETS. HIGH COMMISSIONER’S REPORT. The • Department of Agriculture has received the following cablegram, dated 1 ' August 23,' from the High Commissioner for New Zealand, London:— Tallow. Better demand for spot mutton at last rates quoted. Mixed made 6d per cwt. more, but little available. ■ No auction will be held until next week. C.i.f. prices unchanged. Hemp. Manila market easier with more offering, but fair business has been dole. “K” grade, August-October and Octo-ber-December shipments sold. £2O 15s. Sisal—African sisal market quiet and easier. No. 1 fair average quality afloat and early shipment sold £2l 5s with sellers any shipment until the end of the year at -'£2l 15s. No. 2 neglected at about 20s lower. Good marks both grades 5s riiore. Sisal tow idle. Nominal value No. 1 £l7 IDfl, No. 2 £l5 10s. Mexican sisal reported further sales 75,000 bales to America .at last prices. Market quiet; good 1 white August-Oetober shipment quoted £23 10s. • • New Zealand: Market idle and unchanged. No first-hand sales reported. Wool. ■ Bradford market quiet, only hand to ’ mouth business being done. Merino tops quotations firm. Crossbreds little uncertain. Fruit. ' Market for ■ apples very slow. Current prices for New Zealand; Dougherty 8s to 10s; Stunners, -5s Gd to |)s; • Tasmanian gturmers, 3s 6d to 6s; bulk, ‘4s 6d. . Eggs. Market quiet and unsold stocks heavy. English, 17s to 18s per long hundred; Irish, 14s to. 15s; Danish, Belgian aiid Dutch, 12s to I-is 9d; French, Ils to 145. ; Lithuanian, Chinese and Polish, Tfi'Gd to Ils Cd.