COMMERCIAL

Greymouth Evening Star, 25 August 1939, Page 8

COMMERCIAL

SYDNEY PRODUCE MARKETS

[BY CABLE —PRESS ASSN. —COPYRIGHT.]

SYDNEY, August 24

The wheat market is still weak. Silo grain is quoted at. 2/4 and bagged at 2/s£d. Other quotations are: —Flour £l2 15/-, bran and pollard £4/5, potatoes, Tasmanian, £2O; others £lB/10; onions, Egyptian, £22; Victorian brown, £25; New Zealand, £22 and £24; maize, yellow 4/-, white 4/2. BUTTER AND CHEESE. LONDON, August 24. Butter is in fair demand. Choicest New Zealand salted and unsalted 121/-, 122/-. Australian 114/-, Danish 126/-. Cheese firm. New Zealand white and coloured 59/-, 60/-. Australian w’hite 55/-, 56/-; coloured 56/-, 57/-. GOLD AND EXCHANGE. LONDON, August 24. Gold 148/5, dollar 468 1-8, franc 1763. RESERVE BANK RETURN. A very small increase—£2l,7B6 —in sterling exchange and a rise of £555,.322 in advances to the State are shown in this week’s Reserve Bank return. The note issue has again expanded and while State deposits have fallen slightly, those of the banks have risen by more than £500,000. Other demand liabilities are £81,218 lower and investments are higher, by £91,199. The proportion of reserve to notes and other demand liabilities is 27,478 per cent, against 28.026 per cent, last week. STOCKS AND SHAKES. WELLINGTON, August 25. Sales reported: Wellington Gas pref. 21/-. Sales: Bank of New Zealand 39/3, Dunlop Perdriau Rubber 19/10. CHRISTCHURCH, August 25. Sales: Government 31 per cent, stock 1953-57 £9O/15/-, British Tobacco 49/6, Broken Hill Proprietary 65/-, 64/9, Woolworth’s (Syd., ord.) 24/6 (3), New River 10£d. Reported: Government 33 per cent stock 1938-41 £99/10/-. MOSSY CREEK. The Mossy Creek dredge return was 370 z. 18 dwts. from 4,766 yards dredged in 129 hours. NEMONA. The Nemona dredge return for this week is 30 ounces, from 9,500 yards, treated in 121 hours. MOUNT MORGAN. WELLINGTON, August 25. The Mount Morgan report states that production during the four weeks ended August 23 was as follows: —Ore mined, 68,279 tons; ore treated, sulphide 40,400 tons, oxide 29,590 tons; estimated production of gold, 5001 ounces; copper 258 tons.