COMMERCIAL.

Taranaki Herald, Volume LXVIII, Issue 16762, 11 June 1920, Page 7

COMMERCIAL.

LONDON MARKETS. By Telegraph—Press Assn.—Copyright. LONDON, Juno 9. ■ Peninsular and Oriental shares.— Buvers £445, sellers £465. At the wool sales prices were unchanged. There have been heavy withdrawals of crossbred clothing sorts and offerings for tho next two- series have been reduced to 90,000 bales at each sale. At the tallow auctions 160 b casks were offered, but no bids were ic-oeived.—Aus.-K.Z. Cable Assn. AUSTRALIAN MARKETS. (Received Juno H, 8.5 u.m.) SYDNEY, June 10. Oats.—Algerian, feed 6s lOd to 7s; Tasmanian 6s lid to 7s. Maize. —10s 3d to 10s 6d. Potatoes.—£l2; Tasmanian £ls to £l6. Onions. —Victorian £ls to £l6 10s; New Zealand £l2 to £l3. (Received Juno 11, 8.5-a.m.) ADELAIDE, Juno 10. Oats.—Feed 6s 3d. (Received June H, 10,55 a.m.) MELBOURNE, June 11. Hides.—Heavier and mediums advanced a half-penny to a penny; kips unaltered; sloppy lines neglected. Barley.—English 8d to Bs, Cape 6a 8d to 7s. Oats. —Algerian 6s 2d to 6s 3d. Potatoes £l3 10s to £l4. Onions. —£13 10s -to £l4. AUCKLAND SHARE MARKET. SPECIAL TO HERALD. AUCKLAND, Juno 11. Mr. E. P. Webster’s Auckland agents report the following Stock Exchange quotations and sales;— Waihi, sellers 41s 9d, buyers 41s; Junction, 12s and 11s 3d; Talisman, 8s 3d and 7s 6d; Bank of New Zealand, £25 5s (buver); New Zealand Insurance, 34a 6d and 33s 9d; Taupiri Coal, 19s 6d and 18s 9d; Huddart-Parker and Co., 64s and 52s 6d; Northern Steam, con., 6s and 7s 7d; Auckland Trams, prof., 17b 6d (buyer); Wilson’s Cement, 16s and 15s Bd. DAIRY PRODUCE. The local market prices this week are ns follows; n . Buying. Selling. Eggs 3 3 3 6 Dairy Butter (pats) 13 14 Registered Dairy Butter 1 3* 1 5 Factory Butter (pats) ‘ } 7 Hama 1 « Bacon (sides) I hi Bacon (rolls) 1 (4 Lard 1 4 Flour—2001b. sacks ......... 3S 6 1001 b. hags 20 9 501 b. bags • 251 b. bags .......... 0 111 The following are Wellington quotations for investment shares on June 8: War Bonds and Inscribed Stock, 1939 and ISSB, buyers £96 os; P.O. Bonds and. Inscribed Stock, 1929 and 192 1, buyers, £9B ss; Government Debentures, 1925, buyers, £97; Bank of Australasia, sellers £97; National Bank, sellers £6 14s; Bank of Now Zealand (old issue), buvers £24 15s, sellers £25 ss; Bank of New Zealand (new issue), buyers £25, sellers £25 12s Cd; National Insurance, sellers £3 19s; South British Insurance, buvers £9 12s 6d, sellers £9 18s; Huddart-Parker (ordinary), buyers £2 12s 6d, sellers £? 13s. HIGH COMMISSIONER’S REPORT. Tho Department of Agriculture has received the following cablegrams, dated June 2 and Juno 5 respectively, from the High Commissioner for New Zealand, London;— Thirteenth series Government wool sales commenced on Monday afternoon. Fair attendance buyers, but competition hesitating; (mutilated word) unsatisfactory demand, it has been decided to restrict length this series to fortnight. Compared with closing rates last series, prices lower: Merinos, 15 to 20 per cent.; fine crossbreds, 10 per cent, to 15 per cent.; medium. 5 per cent.; coarse, not represented. So far 150,000 bales' shown wools available for series, 34,500 of which arc New Zealand. Butter.—No change in price for Government butter. English butter plentiful and selling steadily at average price of 2s 10id per lb. Irish supplies increasing and demand is good; creamery £l4, £l4 18s 8d per cwt. Cheese.—Supplies increasing, with fair inquiry for English at Is 7d, Is 9d. < Canadian market is easier; current quotations, c.i.f., £S Is, £8 3s, hut price is considered too high by trade for large buying. New Zealand stock, June 4, 2083 crates, as- against 43.126 at this time last year. Wool Sales.—Crossbreds selling slowly. Government limit is too high in many cases for New Zealand crossbreds, and large proportion withdrawn, as buyers can purchase similar description free Argentine at relatively lower prices. Honey. Demand is improving. Prices firmer at this week’s public sale. Now; Zealand sold B grade 95s per cwt., C grade 85s. Hemp.—Manila market dull and declining. J grade, February-April to April-jnne shipments now quoted at £6l; July-September shipment sold £64 ss.' New Zealand market very dull. No change in prices except high points spot, now quoted at £SB.