COMMERCIAL

Hawera Star, Volume LI, 12 August 1931, Page 10

COMMERCIAL

DAIRY PRODUCE AT HOME. BOARD’S WEEKLY REPORT. The London ofiice of the Dairy Board gives the prices ruling on Friday as follow, those for the previous week being shown in parenthoses: BUTTER. New Zealand, salted, IOSs, Ills up to 112 s; equals approximately 11.33 d per lb f.o.b. (108 s to 110 s; August 8, 1030, 136 s to 1375); unsalted, 112 s to 114 s (112 s to 110 s; August 8, 1930, 150 s); first whey, 102 s (102 s); second whey, 100 s (100 s). Australian, salted, 105 s to 107 s (104 s to 106 s; unsalted, 106 s to 110 s (106 s to 110 s). Argentine, unsalted, 108 sto 110 s (108 s to 110 s). Irish creamery, salted, 112 s ( —). Danish, 110 s f.0.b.; 114 sto 110 s, spot 105 s; 112 s to 114 s). Dutch, mvsaltcd. 108 s to 112 s (110 s to 114 s). Esthonian, salted, 103 s to 104 s ( —). Latvian, salted, 100 s to 102 s (100 s to 102 s); unsalted, 102 sto 103 s (102 s to 104 s).

Siberian, 92s rio 93s (93s to 945). Ukranian, salted, 92s ( —). Polish, salted, 88s to 94s (88s to 945); unsalted, 90s to 96s (90s to 98s). CHEESE. Nqw Zealand, white, 60s, Gls to 62s (60s to 61s; August S, 1930. 77s to 78s); coloured, 625, 63s to 64s (62s to 635; August 8, 1930, 82s). Australian, white, 59s to 60s (59s to 60s) ; coloured, 61s to 62s (6ls to 625).

Canadian, white and coloured, 66s to 7.2 s (66s to 725). This season’s white, 60s to 62s (60s to 625); coloured, 61s to 62s (61s to 625); c..i.f., 60s (625).

English finest, farmers, 70s to 75s (70s to 755).

ARRIVALS. DELIA’EIRtIES, STOCKS

The week’s arrivals of Ibutter included 1315 tons from Russia, 590 tons from Poland and the Baltic States, and 1200 boxes from Canada, are expected this week. Deliveries of butter and cheese are as follow, the figures for the corresponding da-te of last year being shown in parentheses : Deliveries of New Zealand butter are 1231 tons (870 tons), and stocks 7481 tons (9627 tons). Australian butter, deliveries, 1000 (512), stocks, 2675 (2275). New Zealand dhee.se, 15,741 crates. (17,923) and 14,523 (114,620). Canadian cheese, 4400 Boxes (4544 boxes), and 170,000 (134,679).

COTTON AND GRAIN FALL.

DR ASTIC BREAK IN NEW YORK

NEW YORK, Aug. 10. The Department of Agriculture’s discouraging crop estimates enveloped the finanica! community in gloom today and the commodity markets suffered the heaviest declines in many years.

One of the most drastic breaks in i cotton’s history occurred as the result |of the Government’s estimate of a | heavy crop. October delivery cotton Isold at 6.7 d a lb, a net decline of 142 points and the lowest since 1898. Other futures dropped as much as 7.5 d a lb. The Government’s general crop report was issued to-day after the close of the markets. The estimated 1931 maize yield is 2,775,302,000 bushels, 681,301,000 bushels over the 1930 yield. Wheat is estimated at 893,582,000 bushels, an increase of 31,000,000 bushels, and winter wheat at 775,000,000 bushels, an increase of 163,000,000 bushels. Durum wheat is estimated at 23.000,000 bushels, a decrease of 34,000,000 bushels, and other spring wheat at 95,000.000 bushels, a decrease of 109,000,00 bushels. The stock market, after a brief show of weakness sympathising /with the break in cotton, closed firm. August contracts for crude rubber dropped to 5 cents a lb, the lowest level in the industry’s history.

BUSINESS IN SHARES

DOM INION QUOTATIONS

Auckland, August 10.—Shaxemarket sales: War bonds, 1928, 4~ per cent., 1-100; Government Bonds 1933, ok per cent., £99 15s; Commercial Bank of Australia (late sale Saturday, 13s 4d) 13s 4d); Bank of New South Wales, £24 10s ; Union Bank, £6 7s 6d; South British Insurance 50s 9d; British Tobacco (late sale Saturday) 23s 6d. Christchurch, August 10.—-Sales on Exchange: New Zealand Government, 5.V par cent. Inscribed, 1933, £99 os; Commercial Bank of Australia, 13s Id, 13s 2d, 13s Id; National Insurance. 12s 9d; New Zealand Breweries, 29s lCd (2 parcels), 29s 9d (3 parcels); King Solomon, 2s 2d (3 parcels), 2s Id (3 parcels); Mahakipawa, 7-i-d; Golden Point (Is paid). Is 2d (2 parcels), 1« 3id (6 parcels), Is 4d. Sales reported : Commercial Bank of Australia, 13s 4cl; Bank of New Zealand 48s 6d. Auckland, August 11. —Share ma rke t sales ; Inscribed Stock, 1938, 41 per cent. £99 15s; Bartholomew Timber, 15s; New Zealand Breweries, 29s 9d; King Solomon (late sale, Monday), 2s 2d: Waihi, 15s 8d; Waihi Junction, 3s lOd. Wellington, August 11. —Sale on exchange : New Zealand Breweries, 29s 9d. Reported sale: Bank of Australasia, £8 9s. Dunedin. August 11.—Sales on exchange : New Zealand Breweries, 29s 9d; Okarito, 9s 9cl (two lots); King Solomon. 2s 2d (two lots). Reported sales: New Zealand Refrigerating Co. (cent.), 3s Id (two lots). LONDON METAL MARKETS. LONDON, Aug. 10. Quotations for base metals, with those for August 0 in parentheses, are: Copper: Spot, £32 10s 71 d (£32 Is 10.’,cl); three months, £33 9s 41 d (£33 11s lOJd). Electrolytic copper: Spot-, £35 (£35); three months, £3G (£3G 10s). Lead: Spot, £l2 2s 6d (£l2 2s 6d); throe months. £l3 7s Gd (£l2 6s 3d). Spelter: Spot, £ll 7s Gd (£11); three months, £l2 (£ll 13s 9d). Tin: Spot, £ll2 11s 3d (£IOB 11s 3d); three, months, £lls Is 3d (£lll Is 3d). Silver: Standard. 12 9-16 d (13 1-1 Gd) per ounce; fine, 13 9-16 d (14 l-16cl).