FINANCE AND COMMERCE

Taranaki Daily News, 9 November 1932, Page 12

FINANCE AND COMMERCE

SHAREMARKET TRANSACTIONS.

NEW ZEALAND EXCHANGES.

The following sales on New Zealand sharemarkets were reported last night by the Press Association: — Wellington: Mt. Lyell 20s. 9d. Dunedin:’Wilson’s Cement (cum div.), 325. 6d.; Golden Point, 4Jd.; Okarito, 7s. 9d.

Auckland, November 8: —Stock Exchange sales: South British, 575; Auckland Gas (2), 21s; Australian Glass, 40s -7|d; Colonial Sugar, £4O; Farmers’ Trading (ord.), 2s; Golden Dawn, 5s 3d; King Solomon, Is lOd; Waihi, 18s 2d, 18s 3d, 18s 4d, 18s sd, 18s 6d; Grand Junction (2), 3s sd; Mount Lyell, 20s fid.

BRADFORD TOPS MARKET STEADY. By Talegraph—Press Assn.—Copyright. London, November 7. The Bradford wool tops market is sheddy and fairly active. SOUTH AUSTRALIAN WHEAT. 53,000,000 BUSHELS EXPECTED. Adelaide, November 8. The State, wheat harvest for the current season is estimated at 53,239,000 bushels, an average of 13 bushels per acre.

LAND COMPANY’S £lO,OOO LOSS. NEW ZEALAND AND AUSTRALIAN. London, November 7. The New Zealand and Australian Land Company’s loss for the year was £10,356. The amount brought forward was £2082, making a debit balance of £8274, and £46,000 was transferred from the , contingency fund. Preference dividends absorbed £30,000, leaving £7725 to-be brought forward.- . WHEAT MARKET STEADY. London, November 7. Whe-at cargoes opened steady. Australians were a turn easier, with a fair amount of business reported to the Far East. Fruit cargoes with various options for December-January brought 25 s. IJd., part of the Trafalgar and an unnamed ship December-January sold on Saturday at 255. 9d., the unnamed cargo to Shanghai for January on a basis of 265. . 'Parcels were steady, with moderate business at full rates. Parcels ex Esperance Bay brought 255. 10|d., net 265.; an unnamed January-February vessel, 255. 1-Jd. Futures: London, December 225. lid. per - quarter, February 225. 4£d., April 22-5.,4d.; Liverpool, December ss. 2 l-Bd. per cental, March 4s. Id 5-Bd. ' WOOL MARKET MAINTAINED. GOOD CLEARANCES AT SYDNEY. By Telegraph—Press Assn. —Copyright. Rec. 8 p.m. Sydney, Nov. 8. -Good competition and excellent clearances were features of the 'Sydney wool sales to-day. The market maintains its firmness. Greasy Merino sold to 15Jd. A total of 11>373 bales was of- ' fered and 10,793 were sold. In addition 580 bales- were disposed of privately. The average price of wool sold last week was £lO 12s 5d a 'bale, or 7.9 d a pound. PUKEKOHE POTATOES. FURTHER DROP IN PRICE. Pukekohe, November 7. H. H. Pattie, Ltd., Pukekohe, report a further drop in potato values to 9s. 9d. to 10s. 9d. per cwt. LONDON EGG MARKET FIRM. The Department of Agriculture has received the following cablegram, dated November 5, from the High Commissioner for New Zealand, London:— Eggs: Market firm, with hardening tendency. English: National pack 21s. 6d. to 255. English: Ordinary pack, 20s. to 225. Danish: l&s. 6d. to 20s. Australian: 141 b. to 171 b. per long hundred, 13s. 3d. to 15is. New Zealand: 151 b. per long hundred, 145.; 161 b. per long hundred, 14s. 3d. TALLOW AND HEMP. LONDON MARKETS QUIET. The Department of Agriculture has received the following cablegram, dated November 5, from tihe High Commissioner for New Zealand, London:—

Tallow: Market quiet and prices unchanged.

Hemp: Manila: Market dull and unchanged. Value of “K” grade for Novem-ber-January shipment. £l6 ss. Sisal: Market quiet but steady. No. 1, fair average quality, for November-January shipment sold at £l4 10s. and No. 2 fair average quality £l3 17s. 6d. New Zealand: Market dull, with no first-hand sales reported. Nominal value for No-vember-January shipment on the basis of high points £l5. Common offered at £l3 155., but no interest shown.

Peas: Maples: Spot stock small and values have advanced. Tasmanian ex store nominally 745. to 755. and New Zealand 725. 6d. New crop: Tasmanian, for. February-March shipment, 51s. 6d.; New Zealand, for March-April shipment, 50s. Blues: Demand is good for good quality owing to short supplies of Japanese. Values: Tasmanian, for Febru-ary-March shipment, . £l6 as. to £l6 10s.; and New Zealand, £l5 ss. to £l5 10s.