COMMERCIAL.

Hawera Star, Volume XLVIII, 26 July 1924, Page 3

COMMERCIAL.

AUSTRALIAN MARKETS. it CAijIiJS—PRUSN ASSOCIATION— COPYRIGHT MELBOURNE, July 25. Oats, milling 3s 3d to 3s 6d, feed 3s; barley, Englisn 4s 3d to 4s fid, Cane 3s 7d to 3s 8d; potatoes. £3 to £4* ssonions, £l3 10s to £T4. HIDE SALES. MELBOURNE, July 25. Hides are linn at late rates. LONDON METAL MARKET. LONDON, July 24. Copper, forward £62'lls 3d, on spot £63 11s 3d; lead, £32 10s and £32; spelter, £32 15s and £32 11s 3d; silver". 2s 10 7-16 d per ounce standard. LONDON CEREAL MARKET. LONDON, July 24. M heat cargoes are very strong on the American rise, but buyers are reserved. Pr.ircels are Is 6d to 2s higher, but little was done and quotations closed easy. Five hundred irons bv the Hurunui realised 565, a parcel by the Ballarat (55s new) sold at Liverpool at 55s 3d and at Hull at 555. The spot trade is less active, prices tending in the buyers’ favour. Australian ex store is quoted at 56s 9d. Flour is slow of demand at the recent advance. Australian ex .store is quoted at 395. Oats, neas and beans are steady. Sugar.—Ornnulated is quoted at 38s 4-Ad. BRADFORD TOP’S MARKET. LONDON, July 24. Bradford tops reveal a better inquiry and slightly more business. Quotations —64’s, -70 Ad; 60’s G4-Ad; 56’s. 46Ad; 50’s, 33Ad f 46’s, 27d ; 40* s, 26d. CANTERBURY MARKETS. (BY TEt rnn apr--vpkss association.) CHRISTCHURCH, July 25. - The markets are practically lifeless, except for the interest attaching to potatoes. Fairly reliable information has come from Auckland that the Koromiko’s heavy consignment of 1000 tons has opened up in a satisfactory condition. A very small proportion was damaged in transit, bnt insufficient to take notice of. Values of Victorian potatoes, according to cabled advice received to-day, have improved from 65s to 75s a ton. the supplies offering being smaller, and Sydney quotations also show an advance.

The position in Christchurch is interesting There has not been a July for many years when so few potatoes were shipped from Lyttelton, and when a few tons have been wanted to fill any order there had been quite a scurry round to secure the goods. Ordinarily, under such a weight of importations and the resultant sagging price, growers rush in their supplies, but there has been no suggestion of this so far. Growers generally are prepared to sit tight and see what happens. Sales 'during the week were made at £5 for August f.0.h., sacks in, the equivalent of £3 15s on trucks. There is no selling Informers this price. Oats continue their upward course, due to the pronounced advance in Canada. Oversellers here are forced to cover, since mid-week quotations values have gone up to 5s 9d f.0.h., sacks in, or 5s Id for B grade and 5s 3d for A grade on trucks. Chaff is very firm, there being a good local demand, and also an enquiry from tbe south. Values to farmers are £7. All classes of seed are very dull, and peas are lifeless. Reports from England are that there is little chance of an improvement. AUCKLAND SHARE MARKET. AUCKLAND, July 25. Stock Exchange sales.—New Zealand Inscribed Stock, 1927, £9B; New Zealand Inscribed Stock, 1938. £97 10s; City of Auckland, 1952 (debentures), £95- 10s; New Zealand Breweries (debentures). 225; Bank of New Zealand, 55s 9d; South British Insurance Co., 40s 9d, 41s; Auckland Gas Co.. 26s Id; Parker, Lamb Timber Co., 87s Od; Bycroft, Ltd. (rights). 3s fid Wilson’s Cement, 295; Rising Sun. Is lOd; Wailii. 29s Bd.