COMMERCIAL

Greymouth Evening Star, 3 December 1929, Page 12

COMMERCIAL

SYDNEY WOOL SALES. ’ (By Cable—Press. A■’en.—Copyright.) « . SYDNEY, December 2. At the wool sales to-day, 10,446 were sold. The market was about equal to last week, with good competition by the Continent, Japan, Russia and Bradford. Greasy merino brought 22£d per pound.

HOMELAND STOCKS AND SHARES LONDON, December 30. The Stock Exchange has been passing through another period of idleness and depression, and all sections have failed to maintain the improvement which followed the lowering of the bank rate last week. Gilt-edgeds were adversely affected by the illadvised incursion of Mr Tom Shaw, Secretary for War, into the realms of finance, and though the Chancellor of the Exchequer repudiated his colleague’s threats against War Loan holders there is still a feeling of uneasiness about the gilt-edged markets. Industrials have been very dull, the collapse of H. S. Horne, though it did not come exactly as a surprise, having the effect of further depressing the already weak market. The Wall Street slump on the London Stock Exchange is shown by the latest valuation of public securities made by the ‘‘Bankers’ Magazine.” The aggregate values of 265 representative securities show a decline in the month ending November 18, of 4.3 per cent, and 278 variable interest securities showing a fall of 8.6, but it is interesting to note that high class investment stocks weathered the storm excellently. There is certainly a nominal drop in British funds but this is explained by the fact that the half-yearly dividend on the War Loan has been deducted from the price. '

NEW ZEALAND APPLES. LONDON, December 2. The New Zealand Fruit Board sold forward eighty-two thousand cases of apples to Holland, and seventy-five thousand to Hamburg. HASTINGS, December 3. The manager of the Fruitgrowers’ Federation at Hastings says it was known in New Zealand that sales forward of apples to Holland and Hamburg were in ‘contemplation at prices ranging from 12/6 to 13/6 c.i.f., which is equal to 7/2 to 8/2 on rail at Hastings. The deal reported in to-day’s cablegram is an extension of the previous year’s apples—marketing in the countries named. OILFIELD’S REPORT. GISBORNE, December 3. Taranaki Oil Co’s report: — Gisborne, No. 2 well, making final preparations for resumption of drilling. Kotuku No. 1 test hole drilled to 730 feet. Ground somewhat harder. STOCKS AND SHARES.

WELLINGTON, December 3. Reported sales: Electrolytic Zinc, pref. 33/9, 33/6; Mt. Lyell 41/75. AUCKLAND, December 3. Sales: Goldsboro’ Mort, rights 7/, Mt Lyell 40/10. Reported: Waihi 13/7, Electrolytic Zinc 33/10. DUNEDIN, December 3. Sales on 'Change: Mount Lyell’s’ 41/3, 41/- (two). FROZEN MEAT. Dalgety and Company’s report from London, November 28. — '. Lamb:—Canterbury 28/361bs B£d; North Island 28/36, 7|d; Canterbury 36/42 73d; North Island 36/42, 7gd; Canterbury, 2nd quality 7d; North Island 2nd quality 7d; Canterbury .42/50, 73d. Market weak. Demand limited. Mutton: Prime Canterbury 48/56 lbs 6Jd; North Island 48/56, 6d; Canterbury 56/64 6gd; North Island 56/64 sgd; Canterbury* Ewes 48/64, 4J; North Island Ewes 48/64 4Jd. Market unchanged, demand moderate. Australian Lamb: G.A.Q.' 28/361bs, BJd; G.A.Q., 36/42, 7id; F.A.Q., 28/36, 73d. Market very weak, demand poor. Australian Mutton: G.A.Q. 40/601bs 45d; F.A.Q., 30/55, 4Jd; Australian Ewes 4d. Market weak, demand moderate. Beef: Argentine Chilled Hinds 8d; Argentine Fores, 53d. Pork: —■ English Porkers 80/1001bs, 12d; N.Z. Porkers 80/1001bs 10|d; N.Z. Porkers 100/1201bs, 93d. Market very firm, demand continues.

BUTTER AND CHEESE. The New Zealand Dairy Produce Board has received the following market report from its London Office dated November 29: — Butter, New Zealand salted 164/- to 170/-, unsalted 184/- to 188/-, 164/- to 170/- equals approx l/4^d; Ist whey 158/-, 2nd whey 156/-. Deliveries N.Z. this week 925 tons. In store N.Z. this week 4300 tons. Australian salted 164/- to 168/-, unsalted 174/- to 178/-. Argentine, unsalted 170/- to 174/-. Danish 181/ : f.0.b., 188/- to 192/- spot. Dutch unsalted 194/- to 196/-. Ukranian 160/- to 162/-. Polish 150/- to 160/-. Demand slow. Market prices irregular. Retail prices unchanged. Cheese: New Zealand white 94/- to 95/-, coloured 92/- to 93/-, 92/- to 95/equals approx B|d f.o.b. Deliveries N.Z. this week 9,621 crates. In store N.Z. this week 28,058 crates. Canadian white and coloured 96/- to 98/-. C.1.FZ53/-. | ALEXANDER MINES. Gold returns for November : Battery: 289 tons of ore crushed, 2630zs ldwts melted gold. Cyanide: 181 tons of sand treated for 105ozs lldwts of bullion. Total estimated value £1315.