BUTTER STILL RISING.

Manawatu Standard, Volume LIII, Issue 253, 22 September 1933, Page 5

BUTTER STILL RISING.

NOW 109 s. UPWARD TENDENCY FOR CHEESE. The prico of butter is still _ rising .in London, and at prosent thoro is ho sign of any check in the advance. On Wednesday Now Zealand finest salted was selling at 109$, a rise of 7s a cwt since last Friday. The cheese market is firm, with an upward tendency. W. Wcddol and Co., Ltd., London, report, dated September 20: —Butter: Danish, 120 s. New Zealand finest, 109 s. Kangaroo, 109 s. Cheese: New Zealand, whito, 545. Now Zealand coloured, 555. Markets firm. ' The New Zealand Loan and Mercantile Agency Coy., Ltd., have received the following advice from their London house, dated September 20:—Dairy produce (quotations at. September 19 in parentheses) Butter, Now Zealand choicest salted, finest, 109 s (105 s) ; first grade, 106 s per cwt (102 s). Cheese, white, 54s per cwt (52s 6d to 535) ; coloured, 55s per cwt (53s 6d to 545). Market firm with upward tendency. FROZEN MEAT. LAMB MARKET UNCHANGED. Light lambs and second quality show no chango; heavy weights are |d lower; light wethers |d lower; heavy, no change; ewes, |d to Id lower. Tim lamb market is quiet and prices aro slightly easier, the demand is slow owing to the largo supplies and low prices of homo-killed. For mutton and owes the market is easier and there is a poor demand. The foregoing advice has been received by M. A. Eliott, Ltd., from Gordon WoodroiTe and Co., Ltd., London. The following aro Smithficld prices for the week ending September 21, 1933 (these aro on the “delivered” basis, that is, including storage charges, cartage, etc.) : Best North Island prime lambs, under 36 7-Id, 36-42 71 d, 42-50 6£d; ordinary North Island Jambs, under 42 7d, second quality under 42 7d; best North Island wethers and/or maiden owes, 48-56 and 56-64 4ld, 64-72 and over 72 3gd; ordinary North Island wethers and/or maiden ewes, 48-56 and 56-64 4|d, 64-72 and over 72 3gd; North Island owes, under 64 3i|d, 64-72 and over 72 3£d. TAIHAPE SALE. Dalgety and Co., Ltd., rcpoit having held their usual sale at Taihapc on Wednesday, when a fair varding of sheep and a small entry of cattle were submitted to a good attendance of buyers. There was good competition for all classes of sheep and a total clearance was effected at prices satisfactory to vendors. The class of cattle yarded were of indifferent quality and were dull of calc. We quote:—Fat wethers, 24s Id; lighter sorts, 21s 6d; fat ewes, prime, 18s, 18s 3d, 18s lOd to 20s 7d; lighter sorts, 11s 6d. 12s, 16s 3d, 17s Id to 17s 6d. Fat cows, £4 5s to £5 3s; store cows, 30s, 31s, 35s to 38s: ylg. dairy heifers, 14s. 17s to 28s, small 12s; better sorts,_ 30s to 355. Porker pigs, 255; wcancr pigs, 14s to 17s 6d. <i AUSTRALIAN MARKETS. SYDNEY, Sept. 21. Tho wheat trade is dull, bagged on sidings being quoted at 2s 5d a bushel and bulk at 2s 4d, equal to about. 3s ex trucks Sydney. Flour, £lO a ton. Bran and pollard, £5 10s a ton.' Potatoes, Tasmanian, £5 10s a ton; Victorian, £4 10s a ton. Onions, Victorian Brown Spanish, £4. a ton. Oaten hay, _£7 5s a ton. Maize, yellow, 4s 2d; whito, 4s a bushel. ADELAIDE. Sept. 21. Wheat. —Growers’ lots, 2s lOjd a 'bushel. Flour, bakers’ lots, £8 10s a ton. Bran and pollard, £5 2s 6d a ton. Oats, Algerian, 2s Id a bushel. LONDON TALLOW MARKET. The Now Zealand Loan and Mercantile Agency Gov., Ltd., have received the following message, dated September 20, from their London house : —Tallow (quotations on September 14 in parentheses) : —Fine mutton, 23s per cwt (235) ; good beef, 22s 3d (22s 3d); mixed, 21s (20s 6d). Market quiet. INCREASED PROFITS. SYDNEY, Sept. 21. Myers Emporium, Limited, Melbourne, discloses a profit of £206,275 for the year, compared with £154,295 for the previous year. The directors have declared a halfyearly dividend at the rate of 6 per cent, per annum. The interim dividend 'was at the same rate. , ' The Dunlop-Perdriau Rubber Company’s profits for the year increased by £34,579 to £241,919. The preference dividend is on the basis of 10 per cent., and the ordinary dividend is 4 per cent. FOREIGN EXCHANGES. POSITION OF STERLING. (British Official Wireless.) RUGBY, Sept. 20. The following rates on foreign exchanges

LONDON, Sept. 20. Silver. —Cash, 18 7-16 d per ounce; forward, 18 9-16 d. BASE METALS MARKET. COPPER AND TIN AGAIN EASIER. LONDON, Sept. 20. The official London (middle) quotations for Wednesday, as reported by. tho Australian Mines and Metals Association, .compare as under with those previously cabled:—

Standard, per oz. ... 18*d 181 d Fine 19 15-16 d 19Jd tAmcrican, 45.90 cents, a lb. * American, 9 cents a lb.

WELLINGTON STOCK EXCHANGE. YESTERDAY’S BUSINESS AND PRICES. Business was again brisk on tho Wellington Stock Exchange yesterday, au- . other 23 sales being rcobrded. Values generally wore very firm in response to a keen demand. Government loans and local body debentures were quieter, with little or no change in quotations and few sollors showing. Banks continued active, nine sales being recorded. New Zealand ordinaries wore again easier, a salo boing made on ’change at 46s 3d, but tho long-term mortgage shares sold firmly at 345. Union of Australia were again done at £lO 6s 6d. There ~wcrc three sales of National of | New Zealand at 85s 6d, and one at 85s, late buyers remaining in at the former price. New South Wales firmed to £33 10s, but sellers held for £34 ss. Gas shares wore again active, Auckland and Christchurch having business at firm rates. | There was a good demand for insurance, moat, and shipping shares. New Zealand Refrigerating paid were done at 19s 3d, more being wanted at tho prico, and tho 10s paid sold on ’change at 9s 9d. Wellington Woollen prcfcronco advanced to £5 10s without response. New Zealand Breweries were easier on a sale at 36s 6d, late buyers offering 6d less. There was . a strong and well spread demand for miscellaneous industrials, which were fully firm. Colonial Sugars were wanted at £SB 15s, and British Tobaccos at 36s 9d, Mining shares were mostly firm at about late rates. Mount Lyclls had business at 22 s 10id and 22s 9d. YESTERDAY’S QUOTATIONS. Yesterday’s buying and selling quotations on the Wellington Stock Exchange were as follow :

were current to-day, compared with par : — Sopfc. 20. Par. New York, doJ. to £1 4.81 4.866 Montreal, del. to £1 . 4.865 4.866 Paris, francs to £1 . 79 9-32 124.21 Brussels, bel. to £1 . 22.225 35.00 Geneva, francs to £1 . 16 25.225 Amsterdam, florins to £1 7.69 12.107 Milan, lire to £l .... 59 1-16 92.46 Berlin, marks to £1 . 12.99 20.43 Stockholm, knr. to £1 19.375 18.159 Copenhagen, knr. to £i 22.40 18.15& Oslo, knr. to £1 19.90 18.359 Vienna, scligs. to £l . . 29 34.585 Prague, knr. to £1 . 104.625 164.25 Hel’fors, marks to £1 227 193.23 Madrid, pes. to £1 . 37 3-32 25.225 Lisbon, esc. to £1 .... 103 110 Athons, drach. to £1 . 565 375 Belgrade, din. to £1 . Bucharest, lei to £1 . 240 530 276.31 813.60 Warsaw, zloty, to £1 . — 43.38 Rio de J., p. to mil . +4A 5.899 B. Aires, p. to peso . +445 47.62 M. Video, p. to peso . *37 51 Calcutta, p. to rup. . 18 1-32 18 Shanghai, p. to dol. . 15 7-16 — H.-Kong. p. to dol. . m — Y’hama, p. to yen . 14 3-32 24.582 Batavia, florins to £1 . 7.65 12.107 ‘Nominal. fOfflcial. SILVER.

Sept. 19. Sept. 20. Copper— Per ton. £ s d Per ton. £ s d Standard, spot 34 15 7* 34 12 6 Standard, forward . 34 18 y 34 15 71 *Elcctrolytic 38 0 0 37 5 0 to 38 10 0 38 5 0 Wire bars 38 10 0 38 6 0 Lead — For wai'd 11 16 3 11 16 3 Spot 12 3 9 12 2 6 Spelter— Spot 16 16 3 16 16 3 Forward 17 0 0 17 0 0 Tin— tSpot 216 17 6 216 11 3 Forward ; 216 17 6 216 11 3 Silver —

Buvers. Sellers. N.Z. GOVT. LOANS— £ s. d. £ S. d. 4 p.c. Bonds, 1940 ...101 0 0 — 4 p.c. .ditto, 1946 100 7 6 101 5 0 4 p.c. ditto, 1949 101 15 0 — 4 p.c. ditto, 1955 100 15 0 — Rural Advance Bonds — 98 10 0 3£ p.c. Ins. Stock 1959-43 99 17 6 — 34 p.c. ditto, 1938-43 ... 99 17 6 — 4 23.c. ditto, 1940 101 0 0 — 4 p.c. ditto, 1946 100 10 0 — 4 p.c. ditto, 1949 101 10 DEBENTURES— 0 — Well. Harb. Bd., 54 p.c,, 1940 100 0 Well. City, 5i p.c., 0 - 1/10/1939 — 102 10 0 Well. Gas Co. 102 10 0 — Well. Racing Club ... 94 10 Amid. Brick and Pipe, 0 Wellington 92 0 0 97 0 0 BANKS— *13 0 0 Comrcl. ‘of Aust., ord. 0 16 10 0 17 3 Comrcl. Banking Co., Sydney 18 0 0 — Eng., Scot, and Aust. 5 16 0 — National of N.Z 4 5 Nat. ot Australasia, 6 4 6 0 £5 paid 6 9 0 — New South Wales ... 33 10 0 34 5 0 New Zealand — Ditto, “D” long term 1 13 6 2 6 0 Union of Aust 10 6 FINANCIAL0 10 7 6 Abraham and Williams, 3 0 0 Goldsbrough, Mort and Co 1 9 6 1 10 0 N.Z. Guarantee Corp., ord *0 7 4 0 7 10 Ditto, pref —- N.Z. Invest., Mort. *1 2 6 and Deposit 0 3 10 — N.Z. Loan and Merc., ord. stock r — 62 0 0 Ditto, 5 p.c., pref. ... — 75 0 0 N.Z. River Plato 1 2 0 — Well. Trust Loan .... 3 18 GAS— 0 1 9 6 1 9 0 Wellington, ord 1 13 0 1 13 8 INSURANCE— National of N.Z 0 17 10 0 18 5 New Zealand 2 15 6 — South British 3 13 0 3 15 6 Standard 3 0 MEAT PRESERVING0 1 13 Gear Meat, cum rights 1 13 0 6 N.Z. Refrig., £1 paid 0 19 3 0 19 6 Ditto, 10s paid 0 9 8 0 9 11 Well. Meat Ex., pref. 0 15 TRANSPORT— 6 Union Steam, pref. ... 1 3 p — P and O. del. stock 1 3 WOOLLEN— 0 0 ~ Wellington,- pref 5 10 TIMBER— „ „ 0 Kauri 0 12 6 0 15 Ley land-O’Brien ...... 0 17 0 0 18 b BREWERIES— 0 Carlton 0 2 0 N.Z. Breweries 1 15 1 lb 5 Staples and Co MISCELLANEOUS— 1 9 0 British Tobacco, Aust., ord *1 16 9 — Colonial Sugar ....: 58 15 0 59 5 0 Con. Brick and Pipe 0 5 8 0 6 -Dominion Investments 1 3 0 — Dunlop Rerdriau *0 18 0 — Electrolytic Zinc, ord. 1 3 0 0 0 9 0 part pref. 1 13 Henry Jones Co-op. ... 1 17 1 14 1 18 0 N.Z. Drug 3 10 •— Northern Roller Mills 1 8 6 — Sharland and Co., prof. 1 0 Wilson’s Cement, cum. 0 16 3 1 0 Wooiworths, N.Z., Ltd. pref 1 16 0 — Ditto, Sydney, second pref 2 0 0 Prestige (N.Z.), Ltd., n 0 0 pref ~ N.Z. Newspapers 1 « 0 — Berlci (Sydney), ord. — OIL- . , 1 MINING— • „ n 0 Alexander, contnb. ... 1 U Ditto, fully paid 1 0 0 61 0 1 84 Gillespie’s Beach 0 <2 2 2 0 ° King Solomon 0 3 Nokomai u 0 4 0 0 3 0 11 1 7 2 Okarito 6 0 1 Beil Hooper ? ? 0 0 1 Bell Ivilgour “ I Central Shotover u u n Mataki *Curn. dividend.