COMMERCE AND FINANCE

Otago Daily Times, Issue 23649, 5 November 1938, Page 9

COMMERCE AND FINANCE

CANTERBURY MARKETS FIRMING IN POTATOES (Pm United Press Association) CHRISTCHURCH, Nov. 4. The only change in the Canterbury Eain and produce markets since the >t report has been the firming in potatoes. Merchants' advices from Auckland say the demand is not yet greatly affected by the new season's supplies from Pukekohe. and that potatoes from the south are likely to be required for another fortnight yet. The demand is for Suttons. which are very difficult to get, and the price to farmers for them has advanced to £2 10s a ton. Dakotas are plentiful and hard to sell, and the quotation for them is unchanged at £1 10s a ton. Activity in the seeds market has been restricted. A certain amount of export business has been done in grasses from Southland, and there has been some demand for white clover, but the prices ere unchanged.

MINING NEWS NEMONA DREDGE RETURN (Per United Press Association) GREYMOUTH, Nov. 4. The return of the Nemona Dredge was 650 z for 225 hours. 21,700yds being treated.

ALEXANDER MINES, LTD. GOLD RETURNS~FOR OCTOBER The secretary of the Alexander Mines, Ltd., has submitted the following report for last month:- v Battery Department.—A total of fm tons of ore was crushed for 920 z 6dwt of melted gold. 10ft Cyanide Department.—A total of 188 tons of sand was treated for 270 z 16dwt of bullion. The total estimated value W ln addition. 65 tons of concentrates were saved, valued at £2321. In estimating the above values gold has been taken at 140 s per fine ounce.

HIDE SALE HIGHER PRICES Messrs Waters, Ritchie and Co„ Ltd., held their monthly, hidei saUi on Thmday, when an offering of 2657 hides and yearlings and also 1195 calfskins was keenly competed for by tanners and exporters. Cows and light ox weighing from 301 b to 501 b were in strong iemSrat.a 3d to Id per lb advance and abattoir grades of these weights realised from 6d to.6i.d per lb. Heavy cows and medium weight ox were also dearer by id to 3d per lb. Heavy_ ox and substance grades showed slightly higher values than last month. Stale and faulty sorts also improved by id to 3d. Yearlings and calfskins were Id }d to Id per lb higher in price.

;BUTTER AND CHEESE (United Press Association) «By Electric Telegraph-Copyright) LONDON, Nov. 3. Butter.-Steady and quiet New Zealand choicest salted 114s{ unsaltedll4s. Australian salted 110 s, unsalted Ills. Cheese-Quiet and steady. New Zealand white and coloured: 70s to 70s 6d, Australian 68s to 68s 6d.

AUSTRALIAN STOCK EXCHANGES ' (United Press Assoclaaonj <By Electric Telegraph—Copyright) . SYDNEY. Nov. 4. (Received Nov. 4, at 11 p.m.) The share market showed more activity round late levels, with a hardening tendency. William Adams shares were in good demand, also Mort's Dock... :■■ THE MORNING SALES £ 8. d.

MELBOURNE, Nov. 4. The market continues quiet, witn few variations. Australian Glass eased back, but improved at the close. There was more interest in Fijian Gold chnrpc

4 per cent. Commonwealth Bonds, 1938 .. • • • • 101 12 6 6 6 0 Tooheys 1 11 2 15 Tooths .. • 4> Associated News .. .. • 4' 1 3 Anthony Hordern • 4 U 10 1UJ Austral Glass .. • • • * a X u Broken Hill Proprietary . 4 Z 14 9 Dunlop Perdriau 1 6 General Industries .. (pref.) U IB 1 4 li 0 Goldsbrough, Mort I 7i ADDITIONAL SALES 6 Bank of New South Wales 31 2 Colonial Sugar .. .. 49 0 0 Associated Newspapers 1 * 1 Adelaide Steam .. .. 1 13 1 9 British Tobacco .. .. 2 8 Tooths ■ ■ Z 10 3 6 Tooheys • • • • • • • l ii i Australian Glass ■ •. .. 5 0 Dunlop Perdriau .. .. • » i 0 n 6 David Jones i 15 0 Horderns .. U 10 10 Gibson Howes .. .. 1 a 10 Kandos Mort’s Dock .. .. .. 1 6 9 0 iz 3 Australian Gypsum . . 1 0 6 Amalgamated Wireless 18 6 (cont.) 2 Traders Finance . . .. 1 2 0 Adams 0 15 0 Atkins 1 z 6 Meggitts .. . • • • • • 1 8 10) Wool worths 1 0 104 Felt and Textiles 1 11 0 1 10 0 Morris Hedstrom .. .. 1 6 9 Electrolytic Zinc .. .. 2 5 9 Electrolytic Zinc (pref.) 2 8 9 Mount Lyell 1 jr 0 Broken Hill Proprietary 2 18 0 Larut •• 0 12 6 Loloma 1 3 3

£ s. d. Commercial Bank of Australia 0 16 10 National Bank (£10 paid) 14 4 0 Coles 3 19 6 Drug Houses t v .. .... 1 3 4 Melbourne Investment Trust 0 10 6 Australian Glass .. .. •. 5 0 0 Dunlop Perdriau 1 u 7 Dunlop Perdriau (pref.) ,. 1 19 0 Felt and Textiles 1 11 4 Goldsbrough, Mort .. .. 1 8 6 Herald and Times .. .. 2 17 9 Henry Jones 2 9 6 Imperial Chemicals (pref,) 1 3 0 Electrolytic Zinc (pref.) .. 2 8 0 Yarra Falls 1 16 4 Mount Morgan 0 9 10 Mount Lyell 1 8 10 Broken Hill Proprietary ., 2 17 9 Emperor 0 12 3 Loloma 1 3 0