THE WORLD OF COMMERCE

New Zealand Times, Volume LIII, Issue 12618, 1 December 1926, Page 8

THE WORLD OF COMMERCE

STOCK EXCHANGE SALES IN OTHER CENTRES Per Press Association. AUCKLAND, November 30. Sales.—Kawarau, 3s 2d, 3s Id; Northern Steam, 14s 3d; Auckland Gas, 23s Bd. Sale reported.—Waihi, 17a 9d. Sales.—Farmers’ Co-op Auctioneering (B pref.), 17t»; Northern Steam, 14e 3d; Moanatainri (cont.), 5s 10d; Kawarau, 3s Id; New Waiotalii (cont.), Is Id; Waihi, 17s 9d. CHRISTCHURCH. November 30. Sales on ’Change; South British Insurance, 565. DUNEDIN, November 30. Sale on 'Change.—Bank of New Zealand (rights), 6s 7d Sales. —Kawarau, 3e. LONDON WOOL" SALES Messrs Murray,. Roberts and Cb., Ltd., are in receipt cl the following wool market cablegram from their London agents, dated 29tli instant:— Merino Market irregular; Gerjnan buyers' principal operators. Compared with cloeing rates of last London sales greasy best descriptions, par to 5 per cent, decline; other descriptions declined 5 per cent to 7£ per cent. Crossbred greasy fine, market shows no change; coarse and medium, best descriptions, market shows no material change; other descriptions declined 5 per cent. Quotations —60 to 64’s, yielding 48 per cent., opening November-December series 21d, close Scptember-October series 23d; 56’s, yielding 60 per cent, 21 £d, 22d; 50’®, yielding 65 per cent, 17$d, 46’s preparing, yielding 74 per cent, 14d, 14d; 44 to 46’s carding, yielding 72 per cent, 13id, 14d; 40 to 44’e, yielding 73 per cent., 13£d, 13id; 36 to 40rs, yielding 75 per cent., 12|d, lSd. SYDNEYWOOf SALES TOP PRICE MADE YESTERDAY 3»D FOrTmERINO. By Telegraph.—Press Assn.—Copyright. (Received November 30, 10.50 p.m.) SYDNEY, November SO. At. the wool sale® there was splendid competition for fine wools, and prices advanced 5 per cent. Other sorts were unchanged. tfreasy merino sold to 39Jd —a record for the season. ENGLISHMARKETS LATEST PRICES RULING WOOL MARKET FIRM. Australian and N.Z. Cable Association. (Received November 30, 8.15 p.m.) LONDON, November 29. Wool.—At the London sales there was an average selection. Opening rates were fully maintained. A New Zealand clip, “Sairplaice,” made top price, 20d, with an average' of 19fd. The Bradford tops market experienced a slightly better inquiry; prices were unchanged. Wheat.—The* cargoes market was dull and prices declined 3d to 6d. Parcels were in poor request, at 6d down. Liverpool futures : December 10a did, March 10s 7d, May 10s 4d per cental. Metals.—Copper, standard spot *£s6 18s 9d, forward .£57 13s 9d; lead, £29 7s 6d and £29 lls 3d; spelter, £33 16s 3d and .£B3 15s; tin, .£320 2s 6d and £303 7s 6d; silver, standard 24£<i, fine 27£d an ounce.

CANTERBURYMARKETS LACK OF SPECULATIVE BUYING WEATHER AFFECTS OAT CROPS. Per Press Association. CHRISTCHURCH, November 30. Business continues very quiet and with, the uncertainty in regard to the weight of crops and outside markets there is an unusual lack of speculative buying. Oats jects of this class of business at this jects of- this calss of business at this time of the year, but as in both these products good crops are expected, the forward buying element i 6 inclined to go slow The heavy weather of the past few weeks has '‘laid” some oats crops. Reports concerning the onion crop are very favourable, and at present good returns are expected. Prom 10s to M 15s on trucks is offering. The meeting of wheatgrowere at Ashburton on Thursday is creating interest. It is understood that the dumping of Australian flour which is going on will be one cause of discussion. It stated that the olhcial view in Wellington i 6 that the domestic price quoted in Melbourne is for distribution throughout Australia, and this absorbs the £3 a ton margin between the «£l2 10s a ton quoted for export flour and the ,£ls 10s for local consumption. It is a surprisingly ill-informed view to hold even outside official circles. Every flour quotation in Melbourne is for "city and suburbs” delivery, not for Australian delivery, and the cost of suburban delivery is covered by a few shillings a ton. Every issue of the Australian papers shows this basis of the flour quotations. In any case about half the Australian consumption of flour is in the cities and suburbs.

GERMAN COAL INDUSTRY BRITISH STRIKE GIVES INCREASED ACTIVITY. Til© struggle in the British coalmining industry has not been without its lesson for both sides in the German coalmining industry, employers and employed having all along regarded it as a test case for their own problems, the Berlin correspondent of ‘'The Times" wrote at the end of September. . Meanwhile both mineowners and miners have combined to snatch as much as posvsiblo of the profit that was to be derived from the British stoppage. It is well known that the mincowning industry lias mad© very largo profits, thought it lias had to share some of its gains with the inland water transport and shipping industries. The minors have secured n moderate riso as the direct result of the British strike, which, however, has worked out at a substantial increase in view of the greatly increased output and the working of overtime shifts. The maximum output lias been reached, exceeding the pre-war maximum, and there has been a further decrease in the slocks at the pitheads. For somo time, however, it has been thought that the strike must lie approaching the end, and Ihorn has been a slackening in output. The German coal industry fully realises that it will be,' confronted by very eovero competition ns soon as tho British coal export trade is nbl© to reappear in the market, anil it is stated .tlint; steps have been taken as far as possible to meet this. During the whole period of this increased activity the process of concentration and re-equipment has been going on. CUSTOMS REVENUE NOVEMBER SHOWS DECREASE. Compared with the same period as last your the Customs revenue for the month of November for the port of Wellington shows a decrease of .£33,988. Tho figures for November, 1925, are: Revenue £325,921, beer duty £5025, while for November, 1926. the figures are £191,936 and £5570 respectively. The revenue received at tho port of Wellington yesterday aggregated £8713.