LATE COMMERCIAL

Southland Times, Issue 22074, 22 July 1933, Page 6

LATE COMMERCIAL

SYDNEY STOCK EXCHANGE. BUYING INQUIRY CONTINUES. (United Press Assn.— Telegraph Copyright.) (Rec. 7.55 p.m.) Sydney, July 21. On the Stock Exchange to-day the buying inquiry continued keen for all leading industrials and prices still

DAIRY PRODUCE PRICES. Messrs Dalgety and Company Limited report having received the following market cable from Messrs Samuel Page and Son, London, under date of 20th inst: — LONDON DAIRY PRODUCE MARKET. Butter. —Market firm. . We quote: Danish 94/- to 96/-; New Zealand finest salted 77/- to 79/-; Australian finest unsalted 79/- to 83/-; Australian finest salted 77/- to 79/-; Australian G.A.Q. 74/- to 76/-. Cheese. —Market firm. We quote: New Zealand white 48/- to 49/-; New Zealand coloured 51/- to 52/-; Canadian white 54/— to 56/-; Canadian coloured 54/- to 56/-. -Hr A. H. Mackrell, agent for R. and W. Davidson, Glasgow, reports having received the following market report: Butter market firm with upward tendency, 78/6 to 79/6. Cheese market firm, white 48/- to 49/-; coloured 51/- to 52/-« CHEESE FIRM. (United Press Assn.—Telegraph Copyright.) London, July 20. Butter—Steadier. Danish 94/-, 96/-. Australian and New Zealand choicest salted 78/-, 79/-; unsalted 80/- to 82/-. Cheese—Firm. New Zealand white 48/- to 49/-; coloured 50/- to 51/-. Australian white 47/-; coloured 49/-. CANTERBURY MARKET. (Per United Press Association.) Christchurch, July 21. The potato market is easier. There has been an improving inquiry from the North Island earlier in the week, but it weakened, possibly on account of the Waimarino taking more potatoes during the week than was expected. It was expected that the Timaru complement for this boat would be 1500 sacks, but at the last moment another 1700 were put aboard, representing, it is understood, the surplus one operator held over from the requirements of the South American shipment. As these potatoes went north on consignment, the natural tendency, under the cautious trading conditions this season, was to check the inquiry. As the Lyttelton consignment approximated 1500 sacks only, the effect on the Auckland market should be short lived. The South American business has cleared up a substantial quantity of potatoes and has more than compensated for the northern lack of orders. The supplies of potatoes in farmers’ hands do not appear to be heavy, but in the meantime the market is very dull. Values nominally are £5 12/6 f.0.b., s.i., for prompt whites, and Dakotas 2/6 to 5/- more. All other sections of pro--

duce are unchanged in price. Fowl wheat is worth 3/5£ and 3/6 f.0.b., s.e. . Oats are not attracting much attention. A Gartons are worth 2/6 and 2/5 Lyttelton. The advance of winter is not causing much of an increase in the inquiry for chaff which is quoted at £3 10/to £3 15/- f.0.b., s.i. LONDON WOOL SALES. IMPROVED DEMAND. (United Press Assn.—Telegraph Copyright.) London, July 20. At the wool sales, 9467 bales were offered, including 6124 from New Zealand. About 8141 were sold. There was a fairly satisfactory sale and the demand and prices were both a shade better than yesterday. The series closes on July 21. New Zealand scoured Merino “Richmond,” top 24d, average 22jd; greasy halfbred “Woodbank,” 14d and 13Jd; greasy crossbred “Hyl,” IOJd to Bid. Bradford: The market is quiet and users are well covered. Quotations: 70’s, 33d; 64’s 31d; 60’s 29d; 56’s, 21Jd; 50’s 151 d; 46’s 1/-; 40’s lid. THE DOLLAR QUOTATION. (United Press Assn.—Telegraph Copyright.) London, July 20. The dollar is quoted at 4.73.

moved upward. Sales:— £ s d Commercial Bank of Sydney 17 4 0 National Bank (£5 paid) 6 8 0 Australian General Insurance 10 3 Australian Gas (a) 7 5 0 Associated Newspapers 8 6 Associated Newspapers (pref.) 18 7i British Tobacco 1 15 0 Dunlop Perdriau 19 0 Huddart Parker 1 10 6 Electrolytic Zinc 1 3 9 Australian Iron and Steel (pref.) 18 41 General Industries 10 0 Standard Cement 15 9 Nestle’s (pref.) 1 13 3 Berlei 1 7 0 Toohey’s 1 4 3 Millaquin Sugar 1 7 9 Winchcombe Carson 1 7 101 Broken Hill'Pty. 1 16 9' South! Broken Hill 2 18 0 Zinc Corporation 1 14 0 Melbourne Sales. Dunlop Perdriau 19 0 Anthony Hordern 11 0 Herald and Times 2 6 0 Howard Smith 10 0 Goldsbrough Mort 1 7 9 Mt. Lyell 1 3 71