COMMERCIAL

Taranaki Daily News, 4 December 1926, Page 24

COMMERCIAL

CANTERBURY MARKETS. By Telegraph.—Press Association. Christchurch, Last Night. Trade talk centres around the effects of the extraordinary and prolonged .spell of mid-winter weather. The country will be extremely fortunate if it escapes a serious setback to the crops. Wheat is now appearing in flower in some of the earlier districts and the inevitable aftermath of a snowfall on the ranges is a frost, which is likely to affect the crops at the stage mentioned. On the other hand a warm nor’wester is as likely to develop rust, which has already made its appearance on the heavier lands. The rough burst has ‘laid” heavy oat crops and retarded the sowing of roots, and there is a general expectation that potatoes will be affected by frosts, for they are just at the stage when they can be effectively nipped back. At all events this possibility is not being ignored by the more venturesome of the speculative element in the trade, and quotations for forward business were somewhat freer to-day. Buyers were lacking last week at £3 10s on trucks for Rpril-June delivery. Today there are plenty of buyers at that figure. The cold burst is also likely to have an effect on the ryegrass crops. Oats are still uninquired for. Ideas for gartons range about 3s 8d to 3s lOd f.o.b. sacks in, or 3s to 3s 2d on trucks. The influx of Australian Algerians is probably the cause of the lack of' northern inquiry for this class, which are not wanted at 2s 6d a bushel on trucks. There is very little cocksfoot about, but very little is being asked for. Until North Island growers realise the inferiority of the imported cocksfoot compared with local, the Peninsula output seems destined to shrink still further. Auckland, Last Night. Sharemarket sales.—National Bank oi Australasia, £lB Is 6d; Bank of Nsw South Wales, £44 8s 6d; New’ Zealand Insurance, 38s; Auckland Gas, 23s 9d; {contributing), 13s 3d; Sanford, Ltd., 23s 9d; Taranaki Oil, 10s Id; Moanatairi, 5s 4d; (contributing), 5s 7d, 5s 6d, 5s 3d, 5s 2d, 5s Id, 5s 2d, 5s 3d, 5s Id, ss, 5s Id, 5s 3d; Kawarau, 3s 4d; Lucky Shot (contributing), Is 6d; New Zealand consolidated, Is Id; New Waitahi, Is 6d; Ohinemuri, 5s fid, 5s Bd. LONDON MARKETS. By Telegraph—Press Assn.—Copyright. Received Dec. 3, 8.15 p.m. London, Dec. 2. Wheat cargoes are steadily quiet, owing to further wiaknese in the new year tonnage. Parcels are unchanged. Liverpool futures are quoted: December, Ils 3fd; March, 10s 7Jd; May, 10s 4Jd. The spot trade is quiet and prices are easier. Flour is dull, prices being unchanged. Oats are easier. _l’eas are steady and beans quiet. LONDON METAL MARKETS. Received Dec. 3, 9.55 p.m. London, Dec. 2. Copper.—Spot, £56 13s 9d; 3 months, £57 8s 9d. Lead.—Spot, £2B 12s 6d, 3 months, £29. Spelter.—Spot, £33 2s 6d; 3 months, £33 Is 3d. Tin. —Spot, £313 12s 6d; 3 months, £298 17s 6d. Silver.—Standard, 24 9-16 d; fine, 26: dper ounce.

MELBOURNE HIDES MARKET. By Telegraph—Press Assn.—Copyright. Melbourne, Dec. 2. At the hides market prices were slightly easier all round. ADELAIDE MARKET. Adelaide, Dee. 2. Wheat.—‘Growers’ lots, December delivery, 5s 4d; January, 5s 3d and 5s 3 Id. * Flour.--Bakers’ lots, £l4 to £l5. Oats.—2s 4d to 2s 6d. SYDNEY MARKETS. Sydney, Dec. 2. Wheat. —Is 9d at country stations; Market quotations are:— »s 4d ex trucks at Sydney. Flour. —Early January delivery, £l3 10s; export, £l2 ss. Oats. —Tasmanian, Algerian, 3s lOd to Os; white, 4s 3d to as. Maize.—South African, 7s 6d. Potatoes.—Tasmanian, £l5 to £23; New Zealand, £l4 to £l5; Victorian, £lB to £l9; West Australian, £24 to £25; local, £lB to £2l. Onions.—Victorian, £l2; local, £ll. MELBOURNE MARKETS. Melbourne, Dec. 3. Wheat is in fair inquiry. Quotations: For prompt delivery, os old; January, 5s ad. Flour. —Old, £l4 10s (cash as . concession). Oats.—Milling, 2s lOd; feed, 2s Sd to 2s Sid. Barley.—English, 4s 3d to 4s 4Jd. Potatoes. — £l6 to £l7. Onions.— £8 10s. LONDON WOOL SALES. Received Dec. 3, 5.5 p.m. London, Dec. 2. At the wool sales there was an average selection with good general competition, prices being unchanged. In the New Zealand wools Surrey Hills brought 23d and Tolmore 194 d, with an average of 17d. The Bradford market is dull, but some spinners are covering current requirements. Quotations are: 64’s, 45d; 60s, 42<1; 56's, 31d; sO's, 2ad; 4f>’s, 20Jd; 40's '.Old. LONDON MARKETS. DAIRY PRODUCE ACTIVE. Received Dec. 3, 5.5 p.m. London, Dec. 2. The butter trade continues active. Australian choicest is quoted at 1625. to 164 s and unsalted 1665. New Zealand stored is quoted at 160 s to 1625, while the Control Board has raised the price of new supplies to 164 s to 1665. The market is practically bare of new supplies till the lonic arrives. Danish, 186 s. Cheese is firm. Australian, 90s; New Zealand control prices, 93s to 945. DOM INION SHAREMARKETS. By Telegraph.—Press Association. Wellington, Dec. 3. Reported Sales. —Wellington Investment T. and A., 10s 9d: Electrolytic Zine (ord.), 36s 3d. Sale on Exchange: Gear Meat, 375.