COMMERCIAL

Poverty Bay Herald, Volume LXIII, Issue 19138, 6 October 1936, Page 8

COMMERCIAL

BUTTER STOCKS LIGHTER BIG WEEK’S DELIVERIES Last week saw one of the biggisl quantities of New Zealand butler delivered ii'uin London stores lor a long time, bin .Jocks at the. end of the week were lightly higher. However, stocks of ah nutters held in London and provincial .tores were smaller. New Zealand deliveries last week came u o 2670 tons, an increase of 687 tons ironi 11 1 0 previous week, while lor the corresponding week last, year totalled i 904 tons. Stocks remaining totalled 5274 tons, an increase of 181 tons on the previous week, compared with. 4502 tons i vear ago. 'The Dairy Board reports having revived advice from London dated October > reporting that the market was quiet Jion after an active demand earlier in I lie week. R was reported that 17.0C0 •asks of Continental butter had been bought for New York during the week, Dutch butter being on a basis of 80s per ;wt, f.o.b. Retail prices remained unchanged in England, New Zealand at Is Id and Danish at Is 3d.

The Imperial Economic Committee estimated stocks of all butters at 1.011.155 boxes, compared with 1,035,729 boxes a fortnight ago and 831,116 boxes a year ago. Quotations on October 2 were as follows, those for the previous week being riven in parentheses: —New Zealand, ’nlted 103 s to 104 s (98s to 100 s), unsalted 100 s to 104 s (98s to 100 s); Australian, ailed and nnsalted 104 s to 105 s (99s to ’.COs) : Argentine, unsalted 92s to 98s 'B3s to 945) . Danish, f.o.b. 105 s (98s), oiot 1255. (120 s to 121 s); Dutch, uninlted 96s to- 99s (92s to 965): Siberian Mid Ukraiiian, sailed 96s to 98s (92s to 965). LONDON MEAT MARKET The Bank of Australasia is in receipt of the following cable message from London dated October 1 : —“Frozen lambs: Although there is less demand owing to the high prices, the market is firm and is likely to remain so in view of reduced stocks. Frozen mutton: Ihe market has advanced during last month and prices are likely to be maintained. Limited supplies met with a moderate demand, with the exception of lightweight wethers, which are not easy to sell. Frozen beef: There are limited supplies and fair inquiries. Prices have advanced slightly, and the market is steady.” CANTERBURY MARKET Grain and produce markets have renamed quiet throughout the week with little change in any section, states a Christchurch message of Friday. Potatoes are very weak as there- lias been practically no interest at all by the North island. Occasional. orders have come ,I'om ontports, but deliveries to Auckland and Wellington have recently' been Heavy and markets there appear to be satisfied in Lie meantime. No definite Iceisinn has yet been reached .to make .mother shipment to South America and until something is known about this the narkc-t will probably remain dull. The small seeds trade remains steady although llicie is no great volume oi madness passing. GOLD MINING (RETURNS Tile Wurksip Extended Gold Dredging ijo., Ltd., giro the following official re turn for the week ended October 1 /.eld, 23uz; hours (hedged, 130; yardige treated, 10.C00. The Addisoi’s Flat return for the fortnight ended September 30 was 360; iOclwt for 36 shifts. The Maori Gully return was 430 z ?dwt for 130 hours. The Golilei Sands return was o2or sdwt for 28 ihifts of 8 hours ouch. The Argo hedge return was 84oz for 130 hours "'iron 14.000 yards. SYDNEY STOCK EXCHANGE SYDNEY, Oct. 3. Stock Exchange sales to-day included : Commomvedtli Points, per cent, 1943, £96 12s 6d ;3J per cent, 1951. .098 10s; 4 per cent. 1)38. £lO2 6s 3d; 1941, .0102 /s 6d ; 1944 Clo2 15s ; 1947, £101; 1953, £lOl 15s; 1957. £lO2 7s 6d; Anthony Hordern, 8: 6d : British Tobacco, 43s 6d ; Broken Hi 1 Proprietary, new, 5Ts 9d; Burns, ' Plilp, 71s 9d ; Colonial Sugar, 43s 10(1; (ioldsbrougli Mort, 33s 10i,d; Millaquin Sugiiir, 42s 9d ; Mofris Hedstrom, 26s