COMMERCIAL

Nelson Evening Mail, Volume LXVI, 3 September 1934, Page 8

COMMERCIAL

LONDON GRAINS MARKET (United l'l'i’Hn Asnoe.luti<>ii~-I).v KluCtrio Telegraph- Copyright) LONDON. 301 li August. Wheat, cargoes are steadier. Pnrcels are also steady to Oil deliver. Kilt,im\ London, September 23s 4d pur (|iiaiier, Decenilier 25s 4d, February 25s lOd ; Liverpool, Oelolier 5s 83d per cental, Decenilier 5s tifld, March Cs ljd, May 6s 3^l. Spot trade is slow with an easier tendency. Australian ex ship 30s to 31s. Klnur is quiet. Australian, ex store, 21s to 225. Oats are quietly steady. Peas and beaus are unchanged. AUSTRALIAN PRODUCT; PRICKS MELBOURNE. 31st August.. Wheat, 3s 4d ; Hour, £8 15s; bran, £4 15s; pollard, £5; oats, 2s 4d; barley, English, 2s Oil; maize, 3s 6(1; onions, £6 15s to £7. SYDNEY, 30th August. Wheat, at. country sidings is quoted at 2s 6d a bushel, both for bagged and bulk, equal to 3s Id and 3s 2d ex trucks Sydney. Klour, £8 15s a ton. Bran and pollard, £5. Potatoes; Tasmanian, £0 10s a ton; Victorian, £8 10s. Onions; Victorian Brown Spanish, to £0 10s. Maize: Yellow, 3s 3d a bushel: white, 3s sd. ADELAIDE, 30th August. Wheat, growers’ lots, 3s lid a bushel: Hour, bakers’ lots, £9 5s a ton. Bran and pollard, £5 ss. Oats, Algerian, 2s 3d a bushel. Barley. 2s 6d to 2s Oil. DAIRY PRODUCT; The market for New Zealand butter at home is steadier at. lower prices according to the weekly cable received to-day from London by the New Zealand Dairy 'Produce Board. Wholesale rates are:—New Zealand, sailed. 76s to 70s and up to 81s per ewt (which equals approximately 0.93 d per lb, .f.0.b.); lasi week’s quotation was 79s to tils; iiusalted. 80s to 90s (the same as last week). Australian, salted, 73s to 755. Danish, spot, 105 s. The market, for Continental butters is quiet. Retail prices for New Zealand and Danish butter are unchanged. The cheese market is quiet. Wholesale quotations are:—New Zealand, white, 48s 6d to 49s per ewt (which equals s,id per lb, f.0.b.) : coloured, 45s fill to 465. Canadian, white, 645; coloured, 80s to 56s (new season’s, 49s to 51s). Finest, .Kuglish farmers’, 100 sto 106 s. The board has also received the following advice from its agents in Canada: Butter, New York, 27.( cents: Montreal, 19Jld cents. WEAKNESS OP STERLING (British Ollleial Wireless) RUGBY, 31st August. The undertone of the Stock Kxcliauge was linn, but there was little public business.

The weakness of sterling in. terms of the principal gold currencies did nothing to lessen the lirmiiess of the stock markets in other departments. Continued investment support, again led to general improvement, in giltedged securities, although price changes wore small. British 31 per cent. War Loan was again the most prominent stock, and the price further advanced one eighth to £lO4 18s 9d.

German bonds developed weakness, following Dr. Scliaclit’s speech, insisting on a complete moratorium for several years and reduction of indebtedness, ami the 7 per cent. Dawes Loan fell 4 points to £47 and the 51 per cent. Young Loan fell 21 to £36. Home rails were fractionally better, and in foreign rails the market undertone was linn. Industrials were quiet. EFFECT ON MINING SHARES RUGBY; 31st August. There was a further sharp advance of Old to-day in the price of gold to a new record of 140 s Hid. but on the Stock Exchange gold-mining shares were almost unaffected