FINANCE AND COMMERCE

Taranaki Daily News, 20 December 1930, Page 7

FINANCE AND COMMERCE

! CANTERBURY CROP PROSPECT.

LITTLE FORWARD BUSINESS.

By Telegraph —Press Association. Christchurch, L'dst Night.

A considerable amount of interest is being taken in the forecasting of crops for the new season. Field prospects have been increased during the past fortnight by favourable growing weather. In potatoes neither growers nor merchants are inclined to enter into forward contracts. Tubers for April-May-June delivery are quoted at £4 2s. 6d. f.0.b., s.i., with no importtint sales reported. Reports are to the effect' that the crop is coming away extremply well and indications are that with favourable conditions from now on the yield -will be good. There is some speculation as to the area sown in onions. -There seem to be some grounds for the assumption of a lower acreage. The price of £4 a ton; on trucks, has been paid, and is still on offer to growers, but there does not seem to be much inclination to sell at this figure. New season’s oats are quoted at 2s. Hid., f.0.b., s.i., for A Gartons for spread April-September- delivery, and B’s at 2s. lOd. on the same basis. This crop has also benefited by the recent favourable growing weather, and prospectp appear to be fairly good. Although there is an indication that the wheat crop will be later than was the case this year, the crop is reported to be looking well at . present and the yield may be better than was at first anticipated. Bran and pollard prices have been reduced still further- and have now reached a lower level than has been the case since just before the war. Quotations to-day are £5 10s. local and £4 10s. shipping for bran and £5 15s. a ton local and £4 ss. a ton shipping for pollard, 'f.o.b. values in each case. The reason for the decline has been the necessity for falling in line with Australian values. SHAREMARKET SALES. l • Christchurch, December 19. —Sales on exchange: Commercial Bank of Australia, 16s 3d; New Zealand Refrigerating (10s paid), Is 4d, Is 3d (two parcels); New Zealand Breweries, 395; British Tobacco (cuni. div.), 29s lid; Henry Jones Co-op, 18s 6d; Mahakipawa, Sales reported: Goldsbrough Mort, 18s lOd; Mount Lyell, 17s lid; New Zealand (10s paid), lo 3d, Is 2d (two parcels). Auckland, December 19.—Sharemarket sales: War Bonds,. 1938; 4J per cent., £97 15s; Bank of New Zealand, 50s (two parcels, including late sale Thursday); New Zealand Insurance, 40s 9d; Devonport Ferry, 21s 3d; Taranaki Oil, 2s 3d.