FINANCE AND COMMERCE

Hawke's Bay Tribune, Volume XXIII, Issue 275, 3 November 1933, Page 10

FINANCE AND COMMERCE

BASE METAL QUOTATIONS. LONDON, November 1. The official London (middle) quotations for to-day compare as under with those previously cabled:— Oct. 31. Nov. 1. Per ton. Per ton. £sd £ s d

AUSTRALIAN STOCK EXCHANGE

MARKET SHOWS STRENGTH SYDNEY. November 2. The Stock Exchange market was •trong with only slight price variations. Sales.—Bank of New South Wales £33 17/6, Commercial Bank of Sydney £l7 13/-, Colonial Sugar £62 2/6," Australian Provincial Assuranre 12/3, Adelaide Steam 25 6, 'low.rl Smith 12'6, Australian Class 52 British Tobacco, 37/9, Dunlop Perdrian 18/101, prof. 34/6, Gohlsbrougli 30'!), Anthony Hordern 12/9. Australian Iren and Steel (pref.> 18'-. Hiinir* Pipe 13 6, Toohe;. 24/6, Carlton Brewer* 3, Henry Joues 35/9, Electrolytic Zinc 28.6, Morris Hedstrom 19 3, Broken Hill Proprietary 'lf Mt. Morgan 52.6, Kuala Kampir 12 8. Melbourne. —Gold",trough 30/-, Herald Tunes 48/6, North B’okin Hill 87/6.

AUSTRALIAN PRODUCE

LATEST QUOTATIONS SYDNEY, November 2. Wheat: Ragg id is quoted nom'nally at 2/9, but there are no sales. Silo wheat in -ouatry on sidings is offered at 1/10 eno bagged at 1. >j, equal to 2/6 ex-trucks Sydney. Hour. £9. Bran: £4 10/-. Poilird £4 15/-. Potatoes: Tasmanian: £5 10/-, ’’ictorian to £4 10/-. Onions: Victorian Brown £4, White £9. Oaten Ley: £7 10'-. Maize: Yellow and white 3/10.

OUTLET FOR CHEESE

CONSIGNMENT TO HONG-KONG. FORERUNNER OF NEW TRADE. At a time when the congested state of the dairy produce market in Great Britain has been quoted as an urgent reason why New Zealand should try to find another outlet for exports, the fact that the New Plymouth representative of a well-known English wholesale house has completed arrangements for the sale in the East of regular shipments of cheese from a Taranaki dairy company supports the contention that the opening of additional markets is not an ideal of a few enthusiasts but a practical possibility. The cheese is being sent in three shipments, the first of which left Auckland to-day after being graded at New Plymouth. Each crate contains 12 waxed cheeses of 101 b. each. The present shipment will go via Sydney to Hong-Kong and will be sold to Army and Navy stores, colonial and European clubs, and the white population generally. The shipment is not an experiments! one in the sense that it is the first of its kind, because cheese made by the same company was forwarded to Hong-Kong last year and proved satisfactory. Had it bceu otherwise the present consignment would not have been ordered. The deal has been handled by tho wholesale house, which bought the cheese from the company to fulfil an order. That the house has returned to the same company for its present consignment is an indisputable tribute to tho quality of tho produce from those vats. Similarly the house ie to be commended for its enterprise in exploiting

’ HAWKE’S BAY RABBIT BOARD

THE MONTHLY MEETING PEST ON STATE FOREST LANDS A finance meeting of the Hawke's Bay Rabbit Board was held on Wednesday afternoon. Present: Messrs T. E. Crosse (chairman), M. Greenwood, H. E. Allen, and Chief Inspector Amyes. Correspondence with the State Forest Department and Agricultural Department regarding destroying the pest on State forest lands was held over pending a further reply from the Minister of Agriculture. The Hawke’s Bay Acclimatisation Society wrote drawing the board’s attention to the action of certain farmers in laying poisoned wheat for the destruction of rabbits, this proving destructive to birds and game generally. The chairman pointed out that although the board had always been unanimous in advising stockowners not to use this kind of poison there was nothing in the Rabbit Nuisance Act to prevent it, but the board’s inspectors would again be instructed to remind farmers not to use this method. Mr Greenwood pointed out that phosphorised pollard was preferable. Accounts amounting to £326 14s 7d were passed for payment. The inspectors’ reports for October were read, and considering the favourable season for the pest, in most areas the results were quite favourable.

FORTHCOMING STOCK SALES

JERSEY OFFERING AT MARAEKAKAHO Murray, Roberts and Co.. Ltd., will offer for sale the whole of the dairy herd of Mr T. Brenehley. at his farm Maraekakaho Valley, on Monday next, November 6. commencing at 12.30 p.m. The herd comprises 53 Jersey cross cows iu profit and to calve, 10 2-year Jersey cross heifers, 6 1-ycar Jersey cross heifers, 13 calves and 2 Jersey bulls, one Shorthorn bull, one boar and an Alfa Laval separator. Light luncheon will be provided.

Coppet— Standard, spot 32 16 li 32 14 Standard, fwd. 32 18 9 32 16 10J •Electrolytic .. 36 10 0 36 0 0 to 37 10 0 37 0 0 Wire bars .. 37 10 0 37 0 0 Lead— Spot .. .. 11 12 6 11 13 9 forward .. 11 17 6 12 1 3 Spelter— Spot .. .. 15 17 6 15 11 3 forward .. 16 0 0 15 18 9 TinSpot .. ..224 12 6 224 10 0 forward .. 224 7 6 224 5 0 Silver— Standard, per oz. 18}d 18 5-1M Fine .. .. 19 ll-16d 19Jd •American, 8 cents per lb.