NEW ZEALAND HEMP

Dominion, Volume 26, Issue 103, 25 January 1933, Page 12

NEW ZEALAND HEMP

Trade Dull, With Little Offering LARGER STOCKS IN LONDON Advice received by the Department of Agriculture from the High Commissioner for New Zealand, London, states that the Manila hemp market is quiet, and the tendency easier. Sellers are quoting A, grade for January-March shipment at £l6. Ihe output from January 1 to January 16 was 56.000 bales, against 45,000 bales tor the same period last year. Stocks in the United Kingdom on December 31 were 231,4<9 hales against 24,562 last year. Stocks ni Manila on January. 16 were 160,000 bales against 105.000 the same time.last year. The sisal market was quiet. Prices have advanced slightly, and No. 1 fair average quality : for January-March shipment is valued at £l4/15/-; and No. 2 is valued at £l4/5/-. The New Zealand market is dull and little is offering. Small business has been done in common for January-February shipment at £ll/15/-. Stocks in London on December 27 were 77 tons, against 18 tons this time last. year. The tallow market continues dull and unchanged. GRAIN AND PRODUCE Dominion Stocks of Pollard Low Dominion Special Service. Auckland, Jan. 24. Stocks of pollard iu the Dominion are scarce, and merchants importing from Australia now have to pay more as a consequence of the’higher exchange rate. The selling rate has" accordingly been advanced to £7/10/- per ton. There is no improvement in the market for potatoes. Onions, too, are very plentiful. Present quotations are 4/6 per cwt on trucks at Pukekohe, and 2/9 per sugar bag through city stores. The small stocks of Australian wheat are eked out and liues of southern undergrade will barely suffice to fulfil requirements until the first of the new southern harvest becomes available. The earliest arrivals are expected from Blenheim next Tuesday. New consignments will be quoted nt about 5/9 per bushel ex store. The trade in horse feed continues dull. Wholesale current prices are:— Pollard and bran, mill prices: Pollard, £6 per ton; bran, £5/10/- per ton. Merchants’ prices: Pollard, local, £6/10/-; Australian, £7/10/4 per ton. Bran: A Gartons, 3/3; clipped Duns, 4/-; clipped Algerians, Australian, 4/3; clipped Gartons, 3/9. Fowl wheat: Australian, 6/2 per bushel; under-grade New Zealand, 5/6 upward. Maize: Bay of Plenty, 5/3; African crushed, 4/6 per bushel (501 b Barley: Feed, clipped, 4/- to 4/2 per bushel; seed Cape. 6/- per bushel. Maize meal: 9/- per 1001 b. Barley meal: 9/per 1001 b. Chaff: G. 8.0.5., £7/15/- per ton. Potatoes: Local, new, 4/- per cwt. Onions: Local, 2/9 per sugar bag. SYDNEY STOCK EXCHANGE Australian Consols Checked (Received Jan. 24, 9.15 pjn.) Sydney, Jan. 24. On the Sydney Stock Exchange to-day business was, on the quiet side, but the drift in the prices of Australian Consols is checked. Sales: Commonwealth bonds, 4 p.c., 1938, £102; 1941, £102; 1944, £lO2/5/-; 1947, £lO2/10/-; 1950, £lO2/17/6; 1953, £lOl/15/-; 1955, £lOl/1173; 1957, £lOl 15/-; 1959, £102; Austral Gas, £l7/2/6; National Bank, £5/16/-; Colonial Sugar, £54; British Tobacco, 32/101; Bank of New Zealand for New Zealand delivery, 43/6; Austral Glass, 46/-; Henry Jones, 37/-; Broken liJill Ppy., 28/3; Broken Hill South, 46/6; Winchcombe Carson, 23/9; Tooths, 35/3; Dunlop Perdriau, 17/6; Adelaide. Steam, 21/10}. Morning sales: Commonwealth bonds, 4 p.c., 1938, £lOl/17/6; 1941, £102; 1944, £102; 1947, £lO2/8/9; 1950. £lO2 15/-; 1953, £lOl/15/-; Commercial Banking,. Company of Sydney, £l6/10/-; Colonial Sugar, £54/5/-; Ditto, £54/2/6. Sale reported: Colonial Sugar, New Zealand delivery, £54/5/-. OVERSEAS WHEAT MARKETS Wheat Parcels Poorly Supported London, Jan. 23. Wheat cargoes are inactive, and sellers of parcels of Manitobas are 41d lower, and River Plates 3d less. Australians are unchanged. Parcels are poorly supported, with threepence to sixpence decline. Futures: London, February-April. 20/9 per quarter; Liverpool, March. 4/9J per cental; May, 4/10; July, 4/llj. Now York, Jan. 23. Chicago wheat, futures: May, 47 3-8 cents; July. 47 5-8 cents; September, 48 3-8 cents. New York, cash, 56 3-8 cents. BASE METALS MARKET Copper and Tin Prices Improve (Received Jan. 24, 0.15 p.m.) Sydney, Jan. 24. The official London (middle) quotatious for Monday as received by the Australian Mines and Metals Association, compare as under with those previously cabled:—

MINING FOR GOLD Golden Dawn Operations Golden Dawn Gold Mines. Limited (Owharoa), reports that during the .11 working days ending January 14 a total of 325 tons was crushed and 1.74 tons, representing 5 2-5 days’ production, wore treated. This, and a further partial clean-up of mill, returned £865, with gold valued at £4 au ounce. UNSUCCESSFUL LOAN Essex County Flotation London. Jan. 23. Another gilt-edged failure is reported in the Essex County £1.000,000 3* per cent, Joan at OSj. The underwriters were 1 saddled with 88 per cent.

.lan. 19. Per ton. Jan. 23. Per ton. Copper— £ s d £ s d Standard, spot . .. 28 : : p 28 16 101 Standard, forward 2S 9 4.1 2S .1 HMt •Electrolytic , .. 33 0.0 33 0 O' to 33 100 33 10 0 11 Ire bars ...... .. 33 10 0 3.’* 1() () Lead— Spot .. 10 5 0 10 10 0 Forward .. 10 13 0 10 17 6 Spelter— Spot .. 14 8 9 14 f. .*{ Forward .. 14 12 6 If 10 0 Tin— jS.pot .. 144 7 6 145 1 «> i! Forward .. 115 2 6 Silver— Standard, per ox. . 1615-lCd 16 13-16d I inc, per ox ... 18 |d ISld •American, five cents a lb. ■fAmeriean, not quoted.