COMMERCIAL

Greymouth Evening Star, 12 May 1934, Page 8

COMMERCIAL

gold and exchange. (BY CABLE —i’EEHS ASSN. —COPYHiaHT.] LONDON, May 11. To-day's ((notations: Gold ll'M/l; dollar Dll-;, franc 77 5 16. LONDON WOOL SALES. LONDON, May J L At the wool sales, there was a closing offering of 11,241 hales, including 5320 New Zealand. About 4,287 were sold. There was a fair Home and Continental demand, and steady tone. Recent prices were realised though withdrawals continued where the selling limits were nut reached. New Zealand greasy balfbred Tarala, top 151, average 13:{. Ditto crossbred top, 14d, average 12Ad: halfbred slipe T.B.'s. M-Canterbury, top 15Ad, average 14£d. Scoured balfbred, combing Gicnrock top 311, average 30R1. The total catalogued was 68,100. Sold, Home 25.500, Continent 23,500, held over 8100. The total Australian sold was 12,000, and New Zealand 21,500. The market closed steady at late rates.

Compared with March closings. Merinos, greasy, were ten per cent. lower, sconrods fine, five, broadhaired ten to fifteen, crossbreds, greasy, fine, ten, medium, five, slipes, better sorts 7i, inferior ten pm - cent., and lower. AT BRISBANE. BRISBANE, May 12. The wool sales concluded. The demand for well grown scoured wools was again keen,, but the less attractives lines were often difficult to sell. Top prices were greasy, twenty-two. scoured forty-one pence. APPLE QUOTATIONS. LONDON, May 11. New Zealand apples sold: ITororata’s Cox's 10/G to 14/-, .Jonathan’s 7/6 to 9/3. Dunn’s 8/- to 11/6, Delicious 7/6 to 9/6, Victorian-delicious S/9, Dunns 6/6 to 8/6. , Tasmanian Cox's 5/9 to 9/3.

GRAIN AND PRODUCE [per press association.] CHRISTCHURCH, May 11. The advance earlier in the week in the potato market, and continuance of rain which interrupted the digging prompted the opinion that supplies in North Island were becoming short, and that more prompt potatoes would be wanted. However, there appears to be a larger stock of Pukekohe potatoes than anticipated, and it only required the prospect of a. scarcity to reveal them. At all events, the demand from the north has not been maintained and to-day’s prompt W’hites are worth £4 to £4/2/6 ton f.0.b.5.i., or £2/17/6 to £3 on trucks. Digging will not be resumed on a general scale until midweek. as a good deal of the potato crop in North Canterbury received a thorough soaking. Farmers are not crowding the market at present prices. Oats are meeting with very little inquiry, and the tendency is for values to ease. A Gartons are worth to 2/6 f.o.b.s.i. and B Gartons to 2/3. Fowl wheat is quoted at 3/3 f.o.b.s.i. Au easier tone developed as the result of the improved wheat threshens. The May return represents an increase of two to three bushels an acre on early season forecast, and in the aggregate if the increase is maintained until the final threshenings, a higher gross yield of about three quarters of a. million bushels. Partridge peas are unchanged at 4/2 a bushel f.o.b.s.i. There is no change in the small seeds market.

BUTTER AND CHEESE. Cony of cablegram received by Dalgetv and Company, Limited, from their London office, dated May U:— 00/ Butter: Market firm. Danish 82/-, N.Z. finest 74/- to 75/-, Australian finest unsalted 72/- to 74/-, Australian finest, salted 72/- to 73/-, Australian G.A.G. 69/- to 71/-. Cheese* Market firm. N.Z. white 14/- to 45/-, N.Z. coloured 44/-, Canadian white and coloured 50/- to 56/-. AUCKLAND, May 11. An improvement in the _ butter market has been reflected in the F'.0.8. market.. Forward sales have been made at. Old per lb., which is equal to between 80/- and 85/- per cwt in London. STOCKS AND SHARES DUNEDIN, May 12. Sales on ’Change: New Zealand Refrig. Cont. 8/10, Nevis Diesel sd. Reported New Zealciiid Breweiies E.S.A. Bank £5/8/-. WELLINGTON. May 12. Sales: New Zealand Breweries 42/-, New Zealand Refrig. 10/-, paid 8/9, 9/-.; 4 per cent Stock 1949 £lO5 10/-.

FLATS FOR GREYMOUTH. A company is being formed in Greymouth to build a substantial block of fiats in Tainui Street to provide the modern trend of compact and up-to-date residence for increasing population. A sketch of the proposed building is published in this issue, which gives an indication of the building being a handsome structure and modern in every way. Central heating, two lifts, telephone connections, constant hot water, and motor garages will be available for tenants, and the rentals are to be on a par with rentals in town to-day, so that tenants can have an up-to-date house, close to town, with modern conveniences. Complete, the scheme will cost about £14.000, of which £6,000, is to be arranged on loan. The balance is being subscribed for locally, and on the estimates provides a sound investment. Messrs P. C. Heaphy, F. W. Shallcrass and G. R. Harker are interim directors. Anyone interested can obtain full particulars from the promoter, Mr H. Sydney Smith, care Nancarrow and Co.