TRADE IN AUSTRALIA.

New Zealand Herald, Volume LXVIII, Issue 20989, 28 September 1931, Page 3

TRADE IN AUSTRALIA.

RISE IN COMMODITIES. STOCK EXCHANGE ANIMATED. SYDNEY. Sept. 26. The Sydney Stock Exchange was again animated to-day. Nine maturities of Australian consolidated stock were sold at higher rates, one to the extent of £2. An increase took place in Australian bank shares, and those of a number of industrial companies. The wheat price continues to advance, and 2s was offered. Sheepskins rose id per lb., and hides -jd. Increased quantities of mutton are being shipped abroad, and the butter shipments since July 1 have more than doubled compared with the corresponding period of last year. Fine wool at Newcastlo reached 14£ d per lb. THE LONDON MARKETS. FROZEN MEAT. (Received September 27, 5.5 p.m.) LONDON, Sept. 26. Tho weekly quotations for the undermentioned classes of frozen meat are based on actual sales of wholesale quantities of carcases of mutton or lamb, or of quarters of beef delivered to Smithfield market and/or London stores. They arc comI piled by tho Quotations Committee, Smithfield. To arrive afc the equivalent ex ship values, one farthing per pound should bo deducted from the prices quoted below. Quotations given represent tho average for the week and are not selected lines, but for parcels fairly representative of the bulk of shipments now on offer. New Zealand Frozen Sheep.—Canterbury and North Island selected crossbred wethers and maiden ewes, 481b. to 561b., 5 3-8 d; 571b. to 641b., 5 l-8d; 651b. to 721b., 4^d; North Island crossbred wethers and maiden ewes, 481b. to 561b., sjd; 571b. to 641b., sd; 651b. to 721b., 4 5-8 d; ewes, under 481b., 4 3-8 d; 481b. to 641b., 3 7-Sd; 651b. to 721b., 3 5-Bd. Australian Sheep.— First quality crossbrcds and/or Merino wethers, 401b. to 651b., 3 7-Sd; 301b. to 551b., 3 7-8 d; ewes, 301b. to 551b., 3 7-Bd. Argentine Sheep.—First quality crossbred wethers, 481b. to 641b., 4Jd; 651b. to 721b., 4jd; over 721b., none offering. Patagonian Sheep,. —Wethers, and/or maiden ewes, under 501b., none offering; 501b. to 601b., none offering; ewes, 401b. to 501b., none offering. New Zealand Lambs.—Canterbury, 361b. and under, 8 3-8 d; 371b. to 421b., 7|d; 431b. to 501b., 6 7-3 d; second quality, average 301b., 8d; other South Island brands, 361b. and under, Bid; 371b. to 421b., 7 5-8 d; 431b. to 501b., 6fd; selected North Island brands, including Downs, 361b. and under, 431b. to 501b., 6 7-8 d; second quality, average 301b., 8d; other North Island brands, first quality, 361b. and under, 8 l-8d; 371b. to 421b., 7|d; second quality, average 301b., 7 7-Bd. Australian Lambs. Victorian, first quality, 361b. and uraler, 8 l-8d; 371b. to 421b.,*7£d; other States, first quality, 361b. and under, 7Jd; 371b. to 421b., 7 7-8 d; Victorian, second quality, 361b. and under, 7gd; other States, second quality, 361b and under, 8d; all States, third quality, Bd. Argentine Lambs.—First quality, 361b. and under, none offering; 371b. to 421b., none offering; second quality, average 301b., none offering. Uruguayan Lambs.—First quality, 361b. and under, none offering; second quality, 371b. to 421b., none offering; third quality, average 301b., none offering. New Zealand Frozen Beef.—Ox fores, 1601b. to 2201b., 2gd; ox hinds, 4d. Australian Frozen Beef.—Ox crops, under 1001b., 2^d; over^lOOlb., 2'd; ox hinds, under 1601b., 4d: over 1601b., 4d. Argentine Chilled Beef.—Ox fores, 1601b. to 2201b., 27-8 d; ox hinds, 1501b. to 2201b., 6d. New Zealand Pigs.—First quality, 601b. to 1001b., average 901b., 6|d; 1011b. to 1201b., 5 7-Bd. . Australian Pigs.—First quality, 601b. to 1001b., average 901b~ 1201b., bid. All other sorts are unchanged. COTTON, RUBBER, JUTE, ETC. (Last week's prices in parentheses.) Cotton.—October delivery, 4.88 d (3.54 d) per lb. Rubber.—Para, 3?d (3 l-8d) per lb.; plantation and smoked. 3d (23-8 d) per lb. jute, September-October shipments, £l9 3s 9d (£l6 10s) per ton. Copra.—September-October shipments, South Sea and plantation, Rabaul, both nominally £l2 15s (£lO 7s 6d). Linseed Oil. —£21 (£l3) per ton. Turpentine.—s3s 6d (475) per cwt. WHEAT.

Wheat.—The effect of the lighter total shipments is counterbalanced by the improvement in sterling, cargo quotations being purely nominal. Parcels are-inactive. Canadians dropped by 6d to 9d, and Russians Is. Australian and South American are unchanged. Futures: London, September, 20s lOd a quarter cember, 21s lOd; February, 235; Liverpool, October. 4s 4Ad a cental; December, 4s 7->d; March, 4s lljjd; May, 5s l^d.

The Bank of New Zealand has received the following advice from its London oflico as at the close of business last week: — Wethers.—Weaker values are ruling owing to lack of demand. Ewes: Larger supplies have caused prices to weaken. Lambs: Trade is. slow and there is a weaker tendency. Quotations: Wethers, light, 5d to d per lb.; heavy, 4d to 4jd; ewes, 3Jd to 4^(1: lambs, twos, 8d to BJ,d; eights, to fours, to 7d; seconds, 6|d to 7jjd. WHEAT FOR CHINA. PURCHASE IN AMERICA. (Received September 27, 7.15 p.m.) WASHINGTON. Sept, 26. The terms are announced of the sale of 15,000.000 bushels of wheat to China. Payment will be made by obligations of the Chinese National Government bearing interest at 4 per cent., payable in 1934, 1935 and 1936. The price of the wheat will be the current market price on the day the bill of lading is issued. CANTERBURY MARKETS. LITTLE INTEREST IN TRADE. [BY TELEGRAPH. —PRESS ASSOCIATION.] CHRISTCHURCH, Saturday. Interest in the potato market is disappearing now that the season is nearing the close. Beyond some movement in fowlwheat there lias been little to engage the attention of the trade. Potatoes have slipped back to the price that ruled in the early part of the month. Whites are now quoted at 32s 6d a ton f.0.b., or 15s a ton to farmers, and Dakotas are now worth 37s 6d a ton f.o.b. There is a dearth of inquiry from the North. Fowlwheat shows no change in price. Some inquiry has developed for milling wheat, but good milling is difficult to obtain. Oats, chaff and seeds are attracting no interest.