COMMERCIAL

Nelson Evening Mail, Volume LXVI, 21 August 1934, Page 7

COMMERCIAL

NEW GUINEA GOLD SHARES (United Press Association.—By Electric Telegraph—Copyright) (Received 21st August', 10.30 a.m.) LONDON, 20th August. Bulolo Gold Dredging shares sold 146 s New Guinea Gold shares, 5s Bd. JAVA EXCHANGE (Received 21st August, 10.30 a.m.) BATAVIA, 20th August. Sterling exchange, 7.41 guilders to £l. PRICE OF GOLD (Received 21st August, 9.25 a.m.) LONDON, 20th August. The price of gold is 138 s 3d per fine ounce. THE FRENCH FRANC (Received 21st August, 9.25 a.m.) LONDON, 30th August. Sterling exchange on Paris, 76 5-16 francs to £l. DOLLAR AND STERLING (Received 21st August, 9.25 a.m.) LONDON, 20th August. Sterling exchange, London on New York, 5.08 5-8 dollars. RAW MATERIALS ../LONDON, 18th August, Friday’s closing prices for the following raw materials were as follows, those for 10th August being in parentheses : Cotton: Liverpool quotation, good American middling, spot, 7.lid a lb (7.42 d); September delivery, 6.86 d alb (7.10 d). Rubber: Para, s§d a lb (s^-d); plantation smoked ribbed sheet, 7gd a lb (7 3-8 d). Jute: New crop, August-September shipment, Indian jute, Dundee quotation, £ls 3s 9d a ton (£l4 15s). Hemp : Neglected ; August-September shipment, £ls a ton. Copra: August-September shipment, South Sea, £7 15s a ton (£8); smoked, £6 12s 6d a. ton (£6 15s); plantation, Rabaul, £8 15s a ton (£9 ss). Linseed oil: £22 a ton (£22 10s). Turpentine: 42s Gd a cwt (425). LONDON FRUIT PRICES

STOCKS PRACTICALLY CLEARED

The Department of Agriculture lias received the following cablegram, dated 18th August, from the High Commissioner for New Zealand : Apples: Stocks practically cleared. Current prices are: Dougherty, 10s to 13s; Sturmer, 8s 6d to 10s 6d. Season just closed. Have experienced usual middle season glut which has adversely aft'ecced reason’s average. TALLOW AND HEMP The Department of Agriculture lias received tlie following cablegram, dated 18th August, from the High Commissioner for New Zealand, London: — Tallow: Auctions will be held on 22nd August. Little better spot demand with, prices showing a, hardening tendency. Hemp: -Manila: Market remains quiet but steady with values about unchanged. Output Ist January to Ist August 800,000 bales against 620,000 for the same period last year. Stocks in the United Kingdom on Ist August 28,204 bales against 11,764 at the same time last year. Stocks in Manila on Ist August, 148,000 bales against 118,000 at the same time last year. Sisal: Market steady. Sellers quote Angust-October shipment at £l4 ss. New Zealand: Market dull with no first hand sales reported. Stocks in London on Ist August, 8 tons against 111 tons for the previous year. FROZEN MEAT The lamb market in London is steady, with prices unchanged, according to the weekly cable received by the New Zealand Meat Board. Consumption is increasing with cooler weather. In the mutton market wethers are steady and ewes are firmer, owing to shoi’t spot stocks. The beef market is meeting with slightly better demand, and prices are a little higher. New Zealand porker pigs are firmer owing to short spot stocks, aiid the market- for baconers is steady and unchanged. • The approximate average wholesale prices realised during the v r eek for representative parcels, in the Smithfield market and London stores, with those

for the previous week in parentheses, were: —New Zealand sheep.—Canterbury and North Island selected crossbred wethers and maiden ewes, 48/56 s£d per lb (s£d), 57/64 5 3-8 d (5 3-8 d), 65/72 5 l-8d (5 ..l-4d); North Island, 48/56 sjd (5-i-cl), 57/64 5 3-8 d (5 3-8 d), 65/72 5 l-8d (5 l-4d); ewes, 48/under 4 3-8 d (4 l-4d), 48/64 4cl (3 ÜBd), 65/72 3 3-4 d). New Zealand lambs. —Canterbury, 36/under 7 l-4d (7 l-4d), 37,/42 6jjd (6|d), 43/50 6 3-8 d (6 3-8 d); second quality, average 32, 6 7-8 d (6 7-8 d); other South Island brands, 36/under 7 l-8d (7 l-8d), 37/48 63d. (6fd), 43/50 6 3-18 d (6 3-8 d). Selected North Island brands, including downs, 36/under 7 3-8 d (7 3-8 d), 37/42 6 7-8 d (6 7-8 d), 43/50 6 3-8 d (6 3-8 d ); second quality, average 32, 7d (7d); other North Island brands, first quality, 36/under 7d (7d), 37/42 6|d (6|d); second quality, average 32, 6|d (6|d). Australian lambs, Victorian, first quality, -• 36/under 6 5-8 d (6 5-8 d): 37/42 6 l-4d‘ (6 l-4d). Argentine lambs, 36/under 7d (7d); 37/42 6 l-4d (6 3-8 d). New Zoa-. land beef, ox fores 2 l-4d (2 l-8d);" ox hinds 3 l-4d (3 l-8d). Argentine chilled beef, ox fores 3 l-4d (3d), ox hinds 6£d (6d). Australian frozen, beef, ox crops, over 100 25-8 d (25-8 d); hinds, over 160, 3 3-8 d(3 l-4d). New Zealand prime porker pigs, 6Q/80 .6 l-4d (6d), 81/100 6d (sgd). New Zealand baconer pigs, 101/120, s|d (51d): 120/ 160,