COMMERCIAL

Poverty Bay Herald, Volume LIX, Issue 17919, 25 October 1932, Page 2

COMMERCIAL

THE PRICE OF GOLD (Elec. Tel. Copyright—United Press Assti.) (Received October 25, .11 a.m.) LONDON, Oct. 24. The price of gold to-day is quoted at £6 2s Hid. BRADFORD WOOL MARKET (Received October 25, noon.) LONDON, Oct. 24. The Bradford wool market is quiet, and new business scarce. DEMAND FOR BUTTER The retail price of New Zealand butter in London has been reduced by Id per lb, to Is Id, and Danish to Is 2d. , This should have the effect of creating a greater demand, and last week the deliveries of New Zealand butter from store increased by over 160 tons, to 11CQ tons for the week’s business, according to advice received from the Dairy Board. The deliveries for the corresponding week last year totalled 1400 tons. At the end of last week, 4375 tons remained in store, 75 tons more than at the same time last year. The Empire Marketing Board’s estimate of all butters in store was 754,123 boxes, compared with 725,220 boxes at the corresponding date last year. Joseph Nathan and Company yesterday received the following advice from London: —“Butter: Finest, 109 s; first grade, 100 s; the market is very weak. Cheese: White, 60s; colored, GOs; there is a better demand.”

NO LAMB PRICES YET No announcement has been made in Gisborne yet in regard to the opening buying rate of jambs lor export, despite the fact that the killing season is so close. In the meantime, the Smithfield market has shown a further weakening tendency, and the only sections of the moat markets that have remained stable, so far as New Zealand produce is concerned, are lightweight lambs and baconer pigs. The Meat Board reports as follows: — “The lamb market is slightly easier for seconds and heavyweights. The market continues overloaded with Home killed. “In the mutton market wethers and ewes are easier, with trade slow. “New Zealand beef is meeting with a slightly better demand at lower prices. “Prices for New Zealand porker pigs are easier, but there is a good demand for 60 to 801bs. New Zealand baconer pigs are nominal.”

Tlse first shipment of Otago eggs for export to London this season was loaded on the Port Gisborne, which vessel is to leave New Zealand on November 5. The second consignment was put on board the Raranga on Friday. The total quantity in those two Otago shipments is 957' cases. Further packing is proceeding. The To Aroha Gold Syndicate, Limited, has secured the option to purchase a private property of 10 acres on which to erect battery buildings. The necessary mining machinery will have to be imported. Considerable activity was shown in the Wellington stock and share market last week, and with few exceptions prices were firmer, marked gains being made in some cases.