COMMERCIAL

Taranaki Daily News, 22 July 1929, Page 20

COMMERCIAL

PRODUCE MARKETS RECOVER. CHEESE SHOULD REMAIN STEADY. The butter market in London has recovered from a temporary weakness. Any break in prices appears to be checked by speculative buyers who are prepared to operate a shade below the previous week’s prices. Last week the market closed steady at 172 s to 173 s and Danish was the same price. Unsalted for the last month has failed to command a premium and on Friday, with the exception of a few brands, is 2s below salted. The average price for whey butter was slightly better than the previous week. Messrs Newton King, Ltd., advise that salted butter is 170 s to 173 s (169 s to 172 s the previous week), unsalted 16Ss to 174 s (168 s to 1725), wheys firsts 157 s (158 s to 1565), whey seconds 153 s (152 s to 150 s). The cheese market is slowly recovering from the slight setback of July 9. With the warm weather at Home consumption should keep up and steady prices obtain. The market closed steady with white at 90s to 91s and coloured 93s to 945. Canadian cables indicate the make to be about the same as last season. Messrs Newton King, Ltd., advise that coloured cheese is quoted at 93s to 94s (91s to 92s the previous week) and white at 90s to 91s (80s to 90s). Messrs. Collett and Co., Ltd., are in receipt of the following cable advice from their British principals: Creamery butter 171 s to 1735, cheese 90s to 925. The Anglo-Continental Company advises that butter is quiet at 172 s to 173 s per cwt and cheese is quiet with white at 90s. coloured 93s and Canadian 89s. Daldety and Company Limited have received the following market advice from their head office, London, under date of the 18th instant: —

Butter.—Market quiet. Quotations, last week's quotations shown in parentheses: Danish, 174 s to 176 s (170 s _to 1725); New Zealand finest salted, 170 s to 174 s (167 s to 1695); Australian finest unsalted, 164 s to 168 s (164 s to 1665), salted, 162 s to 16Ss (162 s to 1655), G.A.Q., 156 s to 160 s (156. to 160 s). Cheese. —Market quiet. Australian white, not quoted (90s to 91s), coloured not quoted (91s to 925); New Zealand white, 90s to 91s (92s to 935), coloured, 93s to 94s (94s to 955); spot price for Canadian white, 89s to 90s (104 s to 110 s), coloured, 91s to 92s (104 s to 108 s); c.i.f. price for Canadian, 88s ..to 90s (935). Top prices for butter exceptional. SHAREMARKET SALES. By Telegraph—Press Association. Wellington, July 20.—Reported sales: English, Scottish and Australian Bank. £B°9s; Bank of New South Wales, £5l 12s 6d; Goldsbrough Mort., and Co., £2 6s 9d; New Zealand Insurance, £2 7s lOId; Staples and Co., £2 13s 6d. Christchurch. July 20. —Sales on Exchange: New Zealand Breweries (bonds), 28s (id: Bank of New Zealand. 61s 2d; New Zealand Breweries, 84s, 84s Id, 84s 2d, 84s 3d; S’.cples’ Brewery, 56s (four lots); Bcath and Co., (Is pa»d), 9s 4d; Wilson’s Cement, 44s 4d. Reported sales: Farmers’ Co-op. (6> per cent, stock, 1940), £9l; New-Zealand Farmers’ Fertilizer Co.. 24s fid. Dunedin, July 20.—Sales on Exchange: New Zealand Breweries, 83s. 83s 3d (two lots). Report cd sale: Bank of New South Wales, £5l 15s. Auckland, July 20.—Sharemarket sales: Union Bank'of Australia. £l5 13s; Tooth’s Brewery, £3 4s Cd (Sydney register) ; Alburnia Mining, Is 6d.

POTATOES THE ONLY INTEREST. CANTERBURY MARKET REPORT. Christchurch, July 19. The only interest in the grain and produce market during the week has been the potato. Many hundred of tons have been sold, but yesterday the excite; ment commenced to subside and to-day tho market is fairly quiet. _ The top pric< paid was £7 10s f.o.b.s.i. for July. The market at the moment is quoted at £7 7s 6d to £7 10s. August September delivery has firmed and business has been done at £7 15s Gd to £7 17s 6d. with most sellers wanting up to £B. Farmers have been paid £6 7s 6d on trucks and in a few cases of nearby stations £6 10s. However, the deluge of rain has suspended delivery, farmers not being able to get to their pits, and this lias “had some influence on the absence of offers.

In the meantime, with the prospect ol a fairly heavy consignment being shipped by the Wingatui, which is now loading at Lyttelton, and will probably sail to-morrow, Auckland inquiries have eased and the market may be described as steady at the recent advance. The Wingatui was scheduled to call at Picton and Wellington, but the Auckland scarcity has caused the former port to be cut out. The cargo from Tiinaru comprised 3900 sacks and the local complement will be between 5500 and 6000 sacks, or a total of not far short of 10,000 sacks. The Kaiwarra will be leading next week. .The position is apparently regarded

sßManrsaonuziMßHnnraaßißßnßnsDraßMHDQaeiEXSißSiutaKaßSiQKftnsxsiSQkZS&n by northern interests as quite satisfactory as re-offerr of August-Septembers were being made to-day at £7 15s to £7 17s 6d a ton.

Onions have firmed up and are worth £6 15s to £7 a ton on trucks. Chaff- is firm at £6 2s 6d to £6 5s f.o.b.s.i. There is no movement in the wheat or small seeds market.

WELLINGTON HIDE SALE. SHEEPSKINS SLIGHTLY LOWER. The Wellington hide, sheepskin and tallow sales were held last week. Brokers report that competition was keen for sheepskins at prices a little lower than last sale’s »evel of values. Ox hides of heavy weight were not in good demand, and prices for all weights from 561 b upward were id to Id per lb lower. Lightweight ox and cow hides, however, met with a very keen sale at an advance of jd to 3-8 d per lb on last sale’s prices. Tallow was firm. Following is the range of prices:— Dry sheepskins.—Halfbred, lOd to lljd; fine crossbred, l-ljd to Hid; medium crossbred, to ilJd; coarse crossbred, 8d to 10{d; half wools, 8d to 104 d; quarter wools, 7£d to 10id; pelts. 7i<! to 10d. Salted skins. —Quarter wools, 6s to 7s Gd; half wools, 6s to 8s Id; threequarter wools, 8s to IDs; full wools, 9s 4d t.. 10s 7d; lambs, 3s to 5s 7d.

Hides. —Ox, 331 b to 441 b, 6 5-Sd to 7id; ox, 451 b to 521 b, 6Jd to 7 7-Sd; ox, 531 b to 591 b, 6’d to 7 7-Sd; ox, 601 b to 691 b. 7Ad to B£d; ox, 701 b and over, B£d to sjd; cow, 331 b to 391 b, 6 7-8 d to 7 7-8 d; cow, 401 b to 481 b, 5Jd to 7jd; cow, 491 b and over, s|d to 7id; kip, 251 b to 321 b, 8d to 9d; kip, 171 b to 241 b, 7£d to 10 l-8d; yearling, 111 b to 161 b, to lOd; calf, 91b to 101 b, Sd to 9|d; calf, 61b to 81b. 5d to 14 1-Sd; calf, 11b to 51b, 5d to 14d.'

Tallow. —In tins. 16s to 27s Gd. Sundries. —Cow tails, horsehair; to 23Jd.