COMMERCIAL

Poverty Bay Herald, Volume LV, Issue 16908, 23 March 1929, Page 3

COMMERCIAL

DAIRY PRODUCE PRICES (filec. Tel. Copyright—United Press Assn,) tAoslralian and N.Z. Press Association.) LONDON, March 21. Tin' butler market is dull- Danish has slumped to 1665. ( iioicost salted New Zealand is (pioted at 16% to 1 665: Australian J62s to 1645. 1 here is a negligible demand for unsalted. and C| notations are nominal. Tim ehee.se market is steady. New Zealand white is ipioted at 88s. Colored 90s; Australian 86s, colored 3/s. VICTORIAN PRODUCE PRICES MKLP.or IINK. March 22. Wheat,.4s fI.UI; Hour, Ell to Ell ss; bran, Jib 15s; pollard, £6 1.55; oats, 2s 7d to Ss 8d; barley, English 4s to 4s 3d; maize ss.

BANK OF ENGLAND RETURNS (Australian aiui N.Z. Tress Association.! LONDON, March 21. The Bank of England returns for the week ended March 21 are ns follow:-

Issue Department— £ Notes issued 412,443,000 Government, debt ] 1,015,000 Ollier Government securities 235.072,000 Other securities -4,830,000 Silver coin 4,800,000 Gold coin arid bullion 152,443,000 Banking DepartmentPioprietors’ capital 14.533,000 Best 5,768,000 Public deposits 19,424,000 Other deposits 99,594AG0 Seven-day and other bills ... 5.000 Government securities ... 47.917,000 Ot lie r securities 30,468,000 Notes 58.574.000 Coin '383,000 Proportion of reserve to liabilities, 49.50 per cent.

FROZEN MEAT QUOTATIONS Messrs. M. A.. Eliott, Ltd., have received cable advice of the following Smith field prices for the week ended March 22, 1929; Best nr mm lambs, U,361b. IkUl, 36 421 b. fijjd. 42 501 b. B|d: ordinary lambs Li/42.1b. Bijd, second quality U/42II). B§d: best wethers and maiden ewes, 48 56!h. 6J,d, 56/6411). 61,(1, 64/7211). 5/d, ().'72lh. s^d; ordinary wet tiers and maiden ewes, 48/5611). 6§d, 56/6410. 6i]d, 64/721h. sd; ()/721b. fid; owns, L T /641b. sd. 64 721 b. 4/,d. 0/7211). 4/d: prime ox beef (equal fores and hinds), 160/220. 4/.cl. Remarks: (.amt), wethers, ewe*-and beef. no change.

LONDON SHEEPSKINS SALE Messrs. Daigety and Co.. Ltd., have received the following cable from their fiend, office, dated 2.lst inst: — “At: the London sheepskins sale the demand was fair, 3480 bales being offered, of which 2779 were sold. Crossbred combing was 5 per eem lower; do. clothing, unchanged to 5 per cent lower; merino clothing, unchanged to 5 per cent, lower; lambs, unchanged; merino combing, f> per cent, lower to 25 per cent. more. American and home buyers were the principal operators.”

DAIRY PRODUCE MARKET Messrs. Daigety and Go., Ltd., have received the following cable from their head office dated March 21; — “Butter; Tho market is very dull. Quotations are:—Danish .106/- to 170/por ewt., Australian, finest, unsalted, 10-1/ to 108/-; salted, 102/- to 104/-; g.a.rj. .158/- to 100/-; finest New Zealand butter is quoted at JO-I/-, general quotations; 160/- hardly obtainable. “Cheese: Tho market is steady at present, prices. Quotations are: — Australian, while, 80/- to 87/-; colored, 87/- to- 89/-; X.Z. white, 88/- to Si)/ ; colored. 89/- to 96/-; Canadian, white, IPs/ to 112/-; colored, 100/- !(> 11(1/-. ”

MATAWHERO stock sale There was an (M)lry of 12,220 store sheep at t.hn Muiawhero sale yesterday. Bidding v.iis good throughout, and prices generally showed a distinct advance over I hose oi recent. sales. Ihe top price for ewes was El 10s for a good pen of 2 and 4 tooths, Pens of 4, 6. and (j-t!i ewes made El 5s 6d. and £l. ss. A, pen of guaranteed 5 year ewes, with great size and. condition, and running with Southdown rams, made El 6s, and another pen of the same age £1 3s 6d. Well-grown strong skinned 2 tooth ewes passed at El 4s 6(1. Medium 2 tooth ewes sold at El Os 2d, and small at 17s. Found mouth ewes in fairly good order ; ran from los 9d to 16s.

Lambs wore a. heavy entry, and in* eluded many good pens. A pen of woolly lambs with great size and condition made 18s 2d, and another great pen passed at 17s 9d. P.ig good-conditioned woollies made 15s 6(1 and 16s 6d. tShorn lambs, with size and condition, made 17s 8d and 17s 6d, and good shorn 14s to 15s. Many medium lambs from the damaged maize crops were yarded, and these were all in keen demand. Four-tooth wethers in good condition sold at El 7s 6d, and a pen of good skinned forward wethers made £1 7s lOd. Several pens of wethers sold from El 5s to El 6s, and a pen of good size and condition, but late shorn, wethers, made. El 5s 3d.