COMMERCIAL

Greymouth Evening Star, 14 November 1933, Page 9

COMMERCIAL

BUTTER MARKET.

[BY CABLE —PRESS ASSN. —COPYRIGHT.]

LONDON, November 12

The demand for butter continues to be very satisfactory, and stocks in cold store at the end of October had been reduced to 630,000 boxes, compared with 796,000 a fortnight before. The retail price of Is per pound is attracting many buyers, but in view of heavy prospective supplies, importers do not see much chance of raising the wholesale prices. There is a great shortage of unsalted Australian and NewZealand butter.

TOT AR A FLAT SALE. At the Totara Flat Saleyards on Thursday at 12.30 sharp, Messrs McMahon and Lee will sell by auction several good lines of store bullocks, Hereford cows (with calves at foot), crossbred wethers (carrying heavy fleeces). Further entries are invited. STOCKS AND SHARES. WELLINGTON, November 14. Sales, 31 per cent stock 1939-43, £101; 31 per cent. Stock 1938-52, £102; Tui Breweries 38/9. CHRISTCHURCH, November 14. .

Sales: National Bank of Australasia (£lO paid cum. div) £l3 8/-, Goldsborough Mort 30/- (3), N.Z. Guarantee Corporation 8/3, Electro Zinc (pref) 35/3, Alexander Mines (13/6 paid) 17/3, Central Shotover (9d paid) 1/-, Gillespie’s Beach 2/-, King Solomon (cum. div.) 3/6 (2), 3/7.

LAWSON’S FLAT SLUICING CO. The mine manager of Lawson’s Flat Company reports that the wash-up for the two weeks ended November 9 resulted in 570 z Sdwt of smelted goldThe actual sluicing time was 213 hours and 5600 yards were treated. New arrangements have now been made regarding power, whereby a saving of £l5O a month will take place during the next four months, and labour costs have been materially reduced. The total estimated expenditure should be reduced by approximately £250 a month without materially affecting the yardage.

BRITISH MARKETS. LONDON, November 13. ‘ Bradford: Firm and business active. The Indian loan discount slumped to H per cent., dealing a severe blow to the “stags.” MEAT GLUT. LONDON, November 13. The Australian lamb prospects, which recently appeared on the up grade, have slumped, due to Smithfield expectations of heavy shipments. It is anticipated that Australia will send 800,000 carcases in November, and 600,000 in December: New Zealand 300,000 and 500,000. Prices are nominally unchanged, but there is no business. Forward buying has ceased. The market is glutted despite the reistriction on South American supplies.