FINANCE AND COMMERCE

Taranaki Daily News, 15 October 1930, Page 16

FINANCE AND COMMERCE

LONDON MARKETS. HIGH COMMISSIONER'S REPORT. The Department of Agriculture has received- the following cablegram, dated October 11, from the High Commissioner for New Zealand, London:— Tallow.—Quiet demand at auction; 562 packages offered, 206 sold. Present quotations for spot are: Mutton: Fine, 31s; fair to good, 27s to 2Ss 6d; dark to dull, 25s to 25s 6d. Beef: Sweet and/or mixed, 28s to 355; fair to good, 25s 6d to 27s 6d; dark to dull, 24s to 255. Mixed: Fair to good, 25s 6d to 275; dark to dull, 24s to 255. Gut, etc., 23s to 255. Hemp. —Manila market firmer on more support and offerings. K grade Novem-ber-January shipment sold up to £22, closing at £2l 10s. Output of Manila from January 1 to end of September 1,008,000 bales, against 1,220,000 bales for same period last year. Stocks iir Manila at September 30 123,000 bales against 204,000. In , England 17,558 against 12,484 same time last year. Sisal: African, quiet and slightly easier. Small business done in good marks. No. 1 Tanganyika November-December ship-, ment £2l 10s; afloat obtainable at £2l ss; fair average quality, £2O 15s. Mexican unchanged; good white October-De-cember shipments £23 value. New Zealand: Little better inquiry for highfair. Small business has been done. £23 15s; October-December shipment rejected £lB ss. Nonlinal value fair £2l 10s; common, £2O. Apples—Present quotations are, English: Co.v’s Orange, lOS per case; other dessert, 5s to Ss; cooking, 4s to 7s; British Columbia and Cox’s Orange, 14s to 18s; Mackintosh Red and American, Jonathan, 12s to 13s 6d. Wool.—Bradford market steadier for fine .wool. Crossbred irregular. Present quotations are: 64’s, warp, 2s Id to 2s lid; average, 2s to 2s Old; 56’s, Is 41d to Is sd; 50’s, prepared, Is 3d; 40's, prepared, Is Old.

PEDIGREE CATTLE.

CANTERBURY BREEDERS’ SALE.

At the Canterbury breeders’ first annual sale of pedigree cattle there we.e over 130 entries, comprising Ayrsliires, Ericsians, Jerseys, Milking Shorthorns Mid Herefords. ' The consignments of Ayrsliires that camo forward from the studs of Mr. W. Omelvena, Teniuka, and Mr. C. Morgan Williams, Kaiapdi,’ were particularly Six animals averaged 16 guineas, and 90 gns was bid for Maesgwyn King Edward, Mr. C. Morgan Williams’ handsome young bull from the great cow Maesgwyn Victoria. . ■ . There was a large offering of Friesians, but this breed did not meet with the same interest as the Ayrsliires and a number were passed’in. -Milking Shorthorns were in demand. Twenty-two out of a catalogue of 26 were. sold, at prices ranging from 15 to 26 guineas, the best price for bulls being 24 guineas, which was paid by Mr. F. Narbey for the young bull Fair Crystal, on account of Mr. W. J. Jenkins, Sheffield, and for Liiicoui Corona, on account of th© Canterbury Agricultural College, which was sold to Mr P Moore for 26 guineas. Two heifers om account Q f Mr. J. Gillanders, Greendale, Donnebrook Jiinina and Donne- ( brook Olga’s Lassie, were sold to Messrs. S. G. Holmes and P. Moore respectively at IS guineas each. In the Jersey section top price was secured for Mr. H. E. B. Watsons Rosette’s Golden Poppy, which was bought by Mr. W. H. Weir at 27 guineas. Six other cows and heifers were sold under the hammer. The best price obtained for bulls was 22 guineas, paid by Mr. L. J. Sliadbolt for Stonycroft Sol, br£d by Mr. S. Unwin, WinChester. The Hereford section comprised two consignments from the studs of the estate of the late D. D. Macfarlane, Lyndon, and Mr. J. A. Edwards, Gore. The entry of Herefords from Lyndon was the feature of the sale. Lot 56, Lyndon Dixie Lad 21st, was sold to Mr. J. J. McAlpine at 20 guineas, and lot b 3, Lyndon Dixie Lad 25th, to Messrs McLeod and Orbell at 20 guineas. Mr J. A Edwards, Gore, purchased three stud yearling heifers at an average of 13 imineas each. Four of this latter breeder’s eight yearling bulls were sold to Mr. E. P. H. Burbery at an average of 104 guineas each, the remaining -four going to the bid of Mr. J. Stevenson, Flaxton, at 10 guineas each. In all 70 lots were sold at auction, several sales also being finalised by private treaty.

the sharemarkets.

Christchurch, October 14. Sales on Exchange.- Australian Bank of Commerce, 20s 6d, 20s Bd, 20s 9d, 20s 6d (two ’parcels); Commercial Bank of Australia, 19s 3d, 19s 4d (two parcels), 19- 3d (four parcels); E.S. and A. Bank, £5 Ils 6d; National Bank of Australasia ( £lO paid), £l3 17s 6d (two parcels); Bank of New South Wales, £34 5s (three parcels); Union Bank of Australia, £lO 5s (four parcels); Goldsbrough, Mort, 23s sd, 23s 6d, 23s 3d; New” Zealand Breweries, 44s 9d (three parcels); Staples’ Brewery, 395; Australian Glass, 27s 3d; British Tobacco, 345, 34s 3d (two parcels), 34s 4d; Colonial Sugar, £3l 17s 6d (two parcels), £32- Electro Zinc (pref.), 18s 2d; Mt. Lyell, 18s, 18s Id, 18s 2d, 18s 4d, 18s 5d (two parcels); Mahakipawa, 7d (two parcels), 71d (13 parcels). Sales reported: Australian Bank of. Commerce, 20s lOjd; Commercial Bank of Australia, 18s 9d; Bank of New South Wales, £3’3 15s; Auckland Gas, 23s 3d; New Zealand Breweries, 44s lid; New Zealand Refrigerating ( £1 paid), 8s 7d. Auckland, October 14.—Sharemarket sales: Inscribed Stock, 1933, 5| per cent., £97 15s; Commercial Bank of Australia, 19s (3 parcels); E.S. and A. Bank, £5 12s 6d; Bank of New South Wales( late sales Monday), £34, £35 15s- Bank of New South Wales, Sydney register (to-day), £34 10s (two parcels), £34 17s 6d; South British, 57s 3d;, Auckland Gas, 23s Id, 235, 23s 3d; Huddart Parker, 275; Australian Glass, 27s 6d; Colonial Sugar, £3l 7s 6d (two parcels); Farmers’ Trading, B pref., 12s 6d; Mount Lyell, 17s 9d, 18s (two parcels), 18s sd.

LONDON WOOL SALES.

The Farmers’ Co-op. Organisation Society of New Zealand. Ltd., reports haviito received the following cabled advice from London: — “Wool sales closed to-day. Prices compared with opening rates: Xtood Merinos 5 per cent, down, others 7J per cent, down, scoured 10 per cent, down, greasy crossbreds 5 per cent, down to per cent, down; scoured 5 per cent, down and 10 per cent, down; per cent, down to 10 per cent, down.”

OIL BORING AT OMATA.

No. 1 bore at Omata is drilled to 2160 feet in mudstone, reports Coal, Oil (N.Z.) Ltd.

The Blenheim Oil Well Reclamation Company reports that fishing operations are still in progress. Gas is active in the well. A portion of the lost fishing