COMMERCIAL.

Taranaki Daily News, 24 November 1926, Page 6

COMMERCIAL.

CANTERBURY MARKETS. Christchurch, Last Night. ■ At present merchants are experiencing a very quiet time and not much activity can be looked for until the harvest. Very few potatoes are left now and merchants will not risk sending shipments to Australia at this time of the .year. The only trade with Sydney now is a few farmers’ consignments. These are bringing from £lO to £l2 per ton, according to quality. The IfiO tons which went on the Whangape should have sold well, provided they arrived in a saleable condition. Five days like yesterday on the water would convert potatoes into a mush. The quality of the old potatoes remaining is now far from good, but- there is still a fair inquiry from Wellington for Dakotas, which, however, are in short supply. The new season’s crops are looking particularly well, and there are no signs of blight. Given a few days of summer warmth, the growers’ fear that the abundant rain lately would cause trouble will vanish. A few deals in April, May and June delivery have been put through at £3 10s. Farmers will discuss wheat prices at a meeting in the early part of Decern.ber at Ashburton. Quite a fair amount of business is reported to have been done in forward buying at 6s per bushel, but merchants have been more reluctant since the fall in Australian values. Competition from flour imported from across the Tasman is 1 feared to such an extent that buyers are disinclined to make further commitments at the price quoted. No sign of rust is apparent in the crops, which have never looked better. The harvest should be the best for years. Only a few isolated lots of last season's wheat are left, and 7s fid per bushel is being given for prompt delivery. The oats market is dead, nominal being 3s fid per bushel f.o.b. sacks.in for A grade Gartons, and 3s 6d to 3s 7.<1 for E grade. Some of the early crops are in ear and look well. Straw will be longer this year but in the case of oats cut into chaff the colour should be right. A few inquiries for next year’s chaff have been received, but so far there have been no sales, the buyers’ idea of -value being too low. Some small lots have been sold in Marlborough at 3s fid: A little business was done in eowgrass last week on the basis of 112 s per cwt for machine-dressed lines of ehoiee quality, representing fid per lb on trucks to the farmers for undressed seed. No change is reported in ryegrass, while no cocksfoot is offering. Partridge peas are being offered at 8s f.o.b. sacks in for No. 1 quality, next season’s crop, but at this price there are no buyers. DAIRY PRODUCE MARKET. The Farmers’ Co-operative Organisation Society are in receipt of the following cable from their London representatives:—"Butter: Market quiet but steadier. New Zealand 136 s to 150 s; Australian, 134 s to 1445; Argentine 124 s to 1465. Cheese: New Zealand 80s to 85s. Meat unchanged.” DOMINION SHAREMARKETS. By Telegraph.—Press Association. Christchurch, Nov. 23. Sale on ’change: New Zealand Government 4J per cent. Inscribed Stock, £96 15s. Reported sale: Bank of New South Wales, £45. Auckland, Last Night. Sharemarket sales: National Bank of New Zealand, £7 Is: Bank of New South Wales, £45 2s 6d; New Zealand Insurance) 395; Taupiri Coal, 21s 9d: Wilson’s Cement, 34s fid; Alburnia, 4s 4d; Moanatairaire, 5s 4d; Moanatairaire (con.), 4s lOd, ss, 5s 2d, as sd, 5s 6d; Lucky Shot, Is 6d; Lucky Shot (con.), Is 3d, Is 4d, Is sd;»New Waiotahi (con.), Is sd. CHICAGO WHEAT MARKET. By Telegraph—Press Assn.—Copyright. Received Nov. 23, 5.5 p.m. ' New York, Nov. 22. Chicago wheat quotations are: December, 135' cents per hushel; May, 138 7-8; July, 142 5-8. LONDON MARKETS. HIGH COMMISSIONER’S CABLE. The Department of Agriculture has received the following cablegram, dated November 20, from the High Commissioner for New Zealand, London: — BUTTER. Fair demand for stored New Zealand and Australian. All others slow. Official quotations are:— New Zealand. —Finest salted: November 20 (old), 138 s to 142 s per cwt (Is 2Jd to Is 3d per lb); (new), 148 s to 150 s per cwt (Is 3jd to Is 4d per lb); November 13 (old), 138 s to 144 s per-ewt (Is 2fd to Is 3Jd per lb). Other qualities: November 20, 130 s to 136 s per ewt (Is Ifd to Is 21d per lb). New Zealand Control Board official ' minimum prices are:—Finest salted. 150 s per ewt (Is 4d per lb); first grade, 148 s per ewt (Is 3Jd per lb). Australian—Salted: November 20, 138 s to 144 s per cwt (Is 2fd to Is 3Jd per lb);, exceptional, 146 s per ewt (Is 33d per lb); November 13, 140 s to 144 s pei- ewt (Is 3d to Is 3Jd per lb). Unsalted: November 20, 154 s to 158 s per ewt (Is 43d to Is 4Jd per lb); exceptional, I6os per ewt (Is 5d per lb); November 13, 160 s to 164 s per cwt (Is ad to Is old per lb). Other qualities: November 20, 116 s to 140 s per cwt (Is o.}d to Is 3d per lb). Canadian.—November 20. 136 s to 140 s per cwt (Is 23d to Is 3d per ib); November 13. 13Ss to 142 s per ewt (Is 2fd to Is 3d per lb). Irish.—Creamery: November 20. 140 s to 144 s .per cwt (Is 3d to Is 3Jd per lb), up to 146 s per cwt (Is 3Jd per lb); November 13, 144 s to 148 s per cwt (Is 3j<l to Is 3Jd per Ib). Unsalted: November 20, 150 s to 154 s per ewt (IS 4d to Is 43d per lb'- "P to 158 s per cwt (Is 4jd per lb); November 13. 152 s to 156 s per ewt (Is 4}d to Is 43<1 per ib). Argentine.—Unsalted: November 20, I3Bs to 140 s per cwt (Is 2Jd to Is 3d per lb), np to 142 s per ewt (Is 3d per Ib): November 13, 142 s to 150 s per cwt (Is 3d to Is 4d per lb). Other quail, ties: November 20. 120 s to 134 s per cwt (Is o}d to Is 2Jd per lb). Siberian. —November 20, 128 s to 134 s per ewt (la Id to Is 2}d per lb); November 13, 130 s to 132 s per cwt (,!• I’d to Is 2d per lb). Other qualities: No-

vember 20, 124 s to 126 s per cwt (Is Id tv Is l|d per lb). Danish.—November 20, 170 s per cwt (Is 6Jd per Ib); November 13, 172 s per cwt (Is 6Jd per lb). CHEESE. Colonial market quiet. Official quota tions are:— English Finest Farmers’. —November 20, 102 s to 108 s per ewt to per lb); November 13, 102 s to 108 s per ewt (IOJd to 11 Jd per lb). Demand is good for finest; Canadian.—Coloured and white: November 20, 85s to 88s per cwt (fid to Old per lb); November 13, 80s to 88s per ewt (Od to 9Jd per lb). New’ Zealand, —Coloured and white: 1 .ember 20, 84s to 85s per ewt (0d per lb); November 13, 85s to 87s per cwt (0d to 94d per lb). Control Board minimum prices for coloured and white are: Finest, 85s per cwt (Od per lb); first grade, 84s per ewt (9d per lb). Shipment of New Zealand produce arrived this week per s.s. Remura.