COMMERCIAL

Poverty Bay Herald, Volume LX, Issue 18203, 26 September 1933, Page 9

COMMERCIAL

PRICE LEVELS COMPARED PRESENT AND PRE-WAR A comparison of current prices for primary products with rates ruling before the war shows a somewhat close approximation, with 1933 levels lower, except for lamb and merino wools. The following table compares the latest prices available on the London markets and those current during September, 1913: —

The disparity in present values between merino wools and the lower grades reflects the fashion now prevailing for fine wools. This difference was not so apparent in 1913, when possibly demands for wool for military purposes kept the coarse crossbreds at a comparatively high level. There are many good dance floors in Taranaki, and most of them are of heart rimu. There is the possibility, however, that matai will be found to be better. A New Plymouth timber firm has recently I teen asked by an agent for a British principal to quote for three shipments of 50,000 ft. of 4in. by lin. heart matai. It is known that matai is a very durable wood and polishes well and, following recent tests in England, it is thought that the timber is required for ballroom floors.

TIIE SIIAREMARKET (Per Press Association.) AUCKLAND, this day. Sales on ’Change: Commercial Bank, 17s Id; E.S. and A. Bank, X 6; Auckland Gas, 23s 7d; Auckland Gas, con., 17s 3d; Dmpinicu Fertiliser, 12s Bd, 12s 9d; Bank of New Zealand, 465; Okarito, 11s; Wellington Gas, 33s 3d; Kauri Timber, 12s 6d; Bycroft, 39s ; Electro Zinc, prof., 34s 6d; Farmers’ Trading, prof., 8s 6d ; Southland Meat, 535. WELLINGTON, this day. Sales oil ’Change: New Zealand Insurance, 55s 3d; Bank of New Zealand, 45s 3d, 455; Shnrland and Company, onL, 21s 9d ; Woolworlhs (N.Z.), pref., 365. CHRISTCHURCH, this day. Sales on ’Change: Goldsbrough, Mort, 29s 9d (2), 29s Bil, 2.9 s 7d, 29s 6d (2): New Zealand Bol'rigerating, 10s paid, 9s 9d; Kaiapoi Woollen, 17s paid, 9s 6(1 (2); Kaiapoi Woollen, prof., 17s 6d; New Zealand Breweries, 365; Heath and Company. Is paid, cum <1 iv., 5s 6d (2); British Tobacco, cum div., 375, 36s lid; Electro Zinc, prof., cum div., 34s 3d; Bell, Hooper, 9d paid, Is (3); Gillespie's Beach, 2s 3jd; Okarito, 11s 3d (2). Reported sale: Commercial Bank of Australia, 17s Id. DUNEDIN, this day. Sales reported: Dominion Fertiliser, 12s ltd; Waihi, 2(is (id; Commercial Bank, 17s 3d. On ’Change: T’addv’s Point, os 4d (2).

1913 1933 Butter. owl. nr,/- to 3 is/. 3 08/-to no/Cheese r>H/54/- to 55/Lamb, lb. . 5id to (id (i.ld to 7i<l Mutton 4(1 to 4Sd 3j|(l to 4:1(1 Bopf . did to 4LI 21 d to ilid Wool.t 'Merino. . 8(1 to Uld 11 Id to 17(1 Fine, ('/bed. . . 12(1 to lad 7id to 12id .Medium C/bd. 10d to15d (5id to 8i}d Coarse C/brd. . 9(1 to 111(1 5:,'d to 7.id