COMMERCIAL

Northern Advocate, 16 April 1932, Page 14

COMMERCIAL

PRODUCE MARKET SOUTHERN REPORT. POTATOES EASIER. (Per Press Association. —Copyright.* CHRISTCHURCH, This Day, The market for fowl wheat is a trifle steadier. The discussion in Parliament concerning the free entry into the Dominion of poultry wheat is affecting the inquiry. In the meantime, values are nominally 4/9 and 4/94, although in tire mid-week some sales were made at 4/10 for prompt delivery. The oats market continues to be quiet. Local A Cartons are quoted at 3/ to 3/1 on trucks, ami, B grade 2/9 at southern ports. The quotation f.o.b. sacks included, .is 3/7 for A grade, and 3/4 for B .grade. Algerians arc quoted locally at 3/ to 3/3 on trucks. Chaff is in weak demand and being quot ed nominally at 70/ on trucks, j Potatoes are slightly easier. Thej quotation for April delivery is 5/10 f.0.b., sacks included, for May—June, i

£.7 7/0 to £o 10/, and for July-Sep-tember, £0 17/0 to £7. The amount of business passing at present is limited. The season is a little later tills year, and main digging is not likely to be in full swing until ne::t month.

i The autumn seed trade is over, and I there is no overseas inquiry. Very .(little is offerin'? from fanners, and j it is to be presumed that most of the | seed is in the hands of merchants. BUTTER AND CHEESE. LONDON ADVICES. Messrs Dalgety and Company, Limit ed, report having received the following cablegram from their London principals, Messrs Samuel Page and Son, dated 14th instant:— Butter. —The market is slow, quotations nominal; New Zealand, finest salted, 107/ to 100/; Danish, 118/ to 120/; Australian, finest unsalted, 105/ to 107/; finest salted, 105/ to 107/; g.a.q., 102/ to 104/. Cheese. —The market is slightly easier. New Zealand, white, 61/6 to 62/; coloured, Oil/; Canadian, white, 68/ to 72/; coloured, 68/ to 72/; Aus-i tralian, white, .60/ to 61/; coloured,) 61/ to 62/. I A general London cable, dated 14th| inst., states that the butter market is slow. Danish, 118/ to 120/ per cwt; choicest salted New Zealand, 107/ to 108/; Australian, 105/ to 100/; unsalted New' Zealand, 1.13/ to 115/;- -Australian, 105/ to 100/, Cheese is dull. New Zealand, white, 62/ per cwt; coloured, 63/; Australian, 01/ to 02/. Prices At Glasgow. Messrs Nordcn and Co., Ltd., have received the following cable from their principals, Messrs R. and W. Davidson, Ltd., London, Glasgow, etc., under date 14th inst: Butter. —Market weak, 100/ to 108/ per cwt., equivalent to ll.OOd per lb f.0.b., Auckland. Cheese. —Market quiet: White, 01/ to 02/ per cwt, equivalent to 5.75 d jicr lb. f.0.b., Auckland; coloured, 02/ to 03/, equivalent to 5.87 d per lb f.0.b., i Auckland.

The, . North Auckland Farmers’ Coop., Ltd., has received the following cable advice from Messrs Andrew Clement and Bon, London. — Butter: Market weak. New Zealand. 107/ to 108/. Cheese: Market steady. New Zealand, white, 02/, coloured, 03/.

GOLD AND SILVER VALUES. LA TE ST S3’ ATE MEN T. LONDON, April 14. Gold is quoted at £5 9/7 an ounce, compared with £5 0/:> yesterday. Silver is quoted at ICJd an ounce spot and 10 9-1 Od ■ forward, compared with 10 5-8 d and .10 11-10 d yesterday. The quotation for silver at per standard ounce is 161 d and per fine ounce 17 13-16 d, compared with 10 0-8 d and 17 15-lGd yesterday.

BONDS AND SHARES. AUSTRALIAN QUOTATIONS. i SYDNEY, April 13, ; The Stock Exchange was not so j active to-day, but there was a good j undertone in the market and variations j in price were inconsequential, banks and industrial shares more than holding their own. Sales recorded were;' — Bank of New South Wales, .£29 12/(5; Commercial Hank of Sydney, £l.j 12/(5: Bank of Adelaide, £5 53/; New Zealand Inscribed Stock, 54 per cent., 1937, £109; Toohcy’s Brewery, 10/9; Colonial Sugar, £42 5/; British Tobacco, 30/3; Goldsboro-Morts, 24/(5; Berlei, 20/; Burns Philp, 39/74; Australian Gas, A shares, £5 13/(5; Australian Glass, 3.5/9; Broken Hill Proprietory, 15/7; Zinc Corporation, 15/7. Pour per cent. Commonwealth bonds sold as follows: —1938, £95 12/0; 1941. £94 2/0; 1944, ex interest, £9l 17/0; 1947, £9l 10/; 1950, £9l 7/0; 1955, £9l 7/6; 1959, ex interest, £9O; 1901, £9l 2/6. Melbourne sales wore: —GoldsboroMorts, 24/(5; British Tobacco, 30/44; Dunlop Perdreau, 10/10; Gordon and Gotch, 20/104; South Broken Hill. 42/9; North Broken Hill, (53./; Mt. Lyoll, 21/; Taranaki Oil, 9d.