COMMERCIAL

Nelson Evening Mail, Volume LXXII, 6 December 1938, Page 6

COMMERCIAL

STOCKS AND COMMODITIES (U.P.A.—By Electric Telegraph— Copyriaht! LONDON, 3rd December. Italian bellicosity against France overshadowed the close of the stock markets, counter-balancing the disposition to seek further profit from M. Daladiers victory against Labour. Meanwhile the situation has stagnated throughout the week on most commodity markets, and prices are not expected to rise before ChristLONDON BUTTER MARKET STEADY The London butter market closed firm, according to the cabled report supplied by the Primary Products Marketing Department to the Dairy Board. New Zealand salted butter was quoted at 105* a twt, as against 103 s to 104 s the previous week and 114 s to 115 s a year ago. Friday's closing quotations, with those ©t the previous week in parentheses, were as follows: New Zealand: Salted, 105 s (103 sto lo4s ; a year ago, 114 s to 115 s); unsalt«'L 109 s to 110 s (105 s to 108 s; a year ago, 118 s to I20s). Australian: baited, 103 s (100 s); unsaltcd, 105 s <lolh to 102 s). Argentine : Salted, 96s (92s to 965). Danish: 122 s f.o.b. j 143 s to 144 b spot 11235; 144 s to 145 a). Dutch : Unsalted, 116 s. Lithuanian: Uusalted, 108 s. The retail price of New Zealand butter is unchanged at Is 2d a lb and that of Danish remains at Is 4d. Deliveries of New Zealand butter from store last week totalled 1506 tons. The quantity u. store on Friday, including 714 tons ex Port Jackson, was 4948 tons, as against 1252 tons a year ago. Deliveries of Australian butter last week were 2633 tons, the quantity remaining in store being 3448 tonß, as against 1655 tons a year ago. The present price of 103 s to 105 a is equal to approximately 12.32 d a lb f.o.b. New Zealand ports, compared with the guaranteed price of 14.89 d a lb f.o.b. The London equivalent of the guaranteed pi ice is 124 s3d a cwt. The equivalent price of cheese is about 7.73 d a lb f.0.b., compared with the guaranteed price of 8.42 d. The cheese market is reported firm on short supplies. Friday’s closing quotations, with those of the previous week in parentheses, were as follows. New Zealand : White, 68s to 69s (67s 6d ; a year ago, 68s to 68s 6d); coloured, 6ds to 69s ,67s 6d to 68a; a year ago, 67s to 67s 6d). Australian: White, 63s to 65s 6d (62s W 655) j coloured, 63s to 65s 6d (63s to 655). Canadian : White and colouied, 71s to 73s (70s to 72a); old reason’s white and coloured, 79s to 80a (79s to 80s). English; Finist farmers’, S6s to 96s (86s to 945); factory cheese, 62s to 64s (645). South African: Coloured, 645. Market steadier. The retail price of New Zealand cheese is unchanged at 9d a lb. Deliveries of New Zealand cheese last week were 13,898 crates. The quantity in store, including 6930 crates ex Port Jackson, was 37,386 crates, as against 31,830 crates a year ago. Deliveries of Canadian cheese last week were 8417 boxes, the quantity in store being 157,328 hoxes, as against 158,663 boxes a year ago.