FINANCE AND COMMERCE

Taranaki Daily News, 11 February 1933, Page 12

FINANCE AND COMMERCE

CANTERBURY PRODUCE MARKET. PRICE OF OATS DISCOURAGING. Christchurch, Last Night. Offerings of bats have slackened down during the last few days. .The price is discouraging to growers and farmers are now at the busiest period of the wheat harvest. Prices range from Is. 2d. to Is. 4d. on trucks for Algerians and to Is. sd. for Gartons. It is reported that Auckland merchants have bought Australian oats at a landed cost of 3s. 3d., oats now to arrive will not have the benefit of the difference that existed in exchange of approximately 2Jd. a bushel, so that Canterbury oats should supplant them in the Auckland market. Lines of milling wheat are being offered fairly freely. Samples are irregular,a proportion being under the standard weight. Prompt fowl wheat is easier, being quoted at 3s. 3d. f.o.b. A good deal is being offered. Spread is quoted at 3s. 4d., but most of the business is confined to prompt delivery. Interest in potatoes is entirely absent. Quotations are £2 on trucks. The seeds market is being fully supplied and merchants are disinclined to operate in view of the heavy crops being harvested. From Is. to Is. sd. a bushel is quoted for ryegrass, from 3d. to 3Jd. lb. for Peninsular cocksfoot, and 2Jd. to 3d., for plains.

SHAREMARKET SALES.

- Sharemarket sales reported by the Press Association yesterday were:— Auckland: Sharemarket sales: Bonds, 1938, 44 per cent., £96; bonds, 1937, 54 per cent., Sept., £lOO 10s.; stock, 1938, 44 per cent., £96; stock, 1937, 5 1-8 per cent.,- £96 12s. 6d.; Auckland Electric Power Board, 1946, 5J per cent., £99; Bank of New South Wales, £2B 12s. 6d.; New Zealand Insurance, 435. 9d.; Colonial Sugar, £53 10s.; Waihi, 225. (three parcels). Unlisted N.A.T. Motors, ss. Christchurch: Bank of New South Wales (cum div.), £2B 17s. 6d. (two parcels); New Zealand Refrigerating (10s. paid), 3s. 10d.; New Zealand Breweries, 275. 3d. (two parcels); Westport Coal, 10s. 9d.; Alexander Mines , (cont., cum div.), 145., 14s. Id.; Golden Point, 2Jd. (two parcels); Mahakipawa, 21d.; Nokomai,’ss. Bd. (two parcels), ss. 9d., ss. BJd.; Waihi, 21s. lid. (two parcels), 225. Sales reported: Bank of New South Wales (cum div.), £29; Dalgety and Co., £7 16s. 6d.; Colonial Sugar, £53 2s. 6d.; Weeks, Ltd. (late sale* Thursday)/ £6; Weeks, Ltd., £6; Mt. Lyell, 20s. 4d.; Waimakariri River Trust, 5f per- cent., 1976, £9B 15s.