FINANCE AND COMMERCE

Taranaki Daily News, 1 September 1930, Page 12

FINANCE AND COMMERCE

, $ THE LONDON MARKETS, ft ;. yb .J, rJ®S». /'•jh PRICES FOR METALS. W 1 ■’■•.•■ ■ _____ >'s? TIN IN FIRMER DEMAND. By Telegraph—Press Assn. —Copyright. London, August 28. (Quotations on Aug. 25 in parentheses.) Copper. —Spot £46 17s. 6d. ( £46 17s. 6d.); three months, £47 Is. 3d. (£47 Os. 7id.). • Electrolytic Copper. —Spot, £5O 10s. ( £5O 10s.); three months,. £5l 10s. ( £5l 10s.). ' Wire Bars.—£sl 10s. (£5l 10s.). Lead. —Spot, £lB ,173. 6d. (£lB 55.); three months, £lB 2s. 6d. (£lB 2s. 6d.). Spelter.—Spot, £l5 17s. 6d. (£l5 155.); three rhonths, £l6 7d..6d. (£l6 6s. 3d.). ■ ••■- Tin.—Spot, £l3ss. 13s. 9d. (£l34s. Is. 3d.); three months, £137 3s. 9d; ( £135 Ils. 3d.). Silver.—Standard, 16 5-16 d. (16 7-16 d. per oz.; fine, 17 5-Bd. (17jd.). BRADFORD TOPS. The Bradford tops market is firmer and. there is more inquiry. Quotations are:—Sixty-fours,. 28d.; sixties, 26d.; fifty, sixes, 20Jd.; fifties, 16|d.; fortysixes, 14Jd.; forties, 14Jd. WHEAT, FLOUR AND PULSE. . Wheat. —Cargoes are quietly steady at 3d. to 6d. lower. Parcels are neglected with a- similar decline. London: September, 325. 2d. per quarter; December, 325. 7d. Liverpool: October, 6s. 11 3-Bd. per cental; December, 7s. March, 7si 1 l-Bd. Spot trade easier. Australian ex ship, 375.' ' ’ ’ ■ Flour.—Quiet. Australian 275. 9d. to 28s. ' •Barley .—Quiet. Australian Chevalier, ex store, 325. to 345. Beans.—-Dull. i'Beas.—Quiet. Tasmanian, Maples, 655. to, 675?6d’.; New Zealand Partridge, 555. ■to' : ' l Keet'Nugar.—September, os. Ofd. \ FEILDING STOCK SALE. ■'j<r < . ■,- ~~~ ’ Record prices maintained. Dalgety and Co., Ltd.-, report having a‘‘ : heavy, yarding of fat sheep and a fair entry: of store sheep at the Feilding sale on. Friday. There were some pens of exceptionally good quality fat ewes: and wethers, and last week’s prices were ' maintained. Store sheep yarded were principally K hoggets, and these again met with keen competition. In the dairy section heifers were keenly sought after, arid-cows were also in good demand at prices equal' to , last. week’s rates. " Quotations' are:—Fat ewes, 18s. 6d., '2os., '22s. 6d., 225., 10d., 235., 235. Id., /245.; 255.; fat wethers, 255. 6d., 265. 10d.; fat b.f. ewes, 245., 255. .6(1., 265. 6d., 275. 6d.; fat maiden b,f, ewes, 255.-6 d., 275. 6d., 285.; fat b.f. twb-tooths, 265. 3d.; good ewe hoggets, 235., 255. 6d.; small ewe'‘hoggets, 13s. 10d.; good wether, hoggets, 18 s. Bd.; small wether hoggets, 12s: 9d.; 135., 13s. 6d.; b.f. hoggets, 18s. 2d. 1 ’; empty-ewes, Bs. 6d., Ils. fid., 13s. 6d.; , springing heifers, £7 10s., £B, £9, £lo= 10s., £l'l 10s.; springing cows, £B, £9, £9 10s., £lO 10s., £ll 10s., £l2 ss. f empty cows, £2 10s., £2 155., £3; fat cows/ £6, £6 10s., £7, £7 55., £8;. fat heifers, £8; fat bullocks, £l4 ss. LIVE STOCK SALE. ' . VALUES FIRM AT FEILDING. Folding, August 29. -' It was to. be expected that the high prices ; ruling last Friday would, draw a large yardirig for this week’s stock sale, and the offerings of fat sheep and dairy cattle particularly were up to this expectation. The yarding of fat sheep, which comprised, mostly hoggets, was offered to keen competition. Freezing company buyers operated freely, and the prices for hoggets -were very little, if anything, below last week’s rates. This was not the case with grown sheep. Vendors, encouraged by last week’s rates, had placed high reserves on '-wethers, the result being that many pens were passed in. Ewes also did not realise the hopes raised, by last Friday’s level. Still the sale was more than satisfactory. Store pens -were not so well filled as at last week, the yarding comprising mostly hoggets. A heavy yarding of dairy; stock came forward, and. considering the there was rib reduction in the high prices reached last ■Friday.’ To-day’s yarding included in rough condition, and these could not be expected to attract the best prices. Fat Hoggets. —Extra prime, 305.; prifne 275. to 275. fid.; good, quality, 21s. 6d. to 225.; medium, 18s. fid.; poor, 15s. and 17s.

Fat Wethers. —Prime heavy 265. to 275., good 21s. to 21s. 3d.; many lines ... ■ n : if at' 'Ewes.—Primest offered 255. to 26s:i 9d., prime good weight 225. to 235. Id., medium 19s. Bd. to 21s. 6d., fair condition 13s. 6d.to 15s. 6d. Store Sheep. —An odd line of fourtooth ewes r.w. Romney rams 28s. 6d., empty ewes Bs. 6d. Wether Hoggets.—Good 18s. Bd., 175., fair 16s. Id., small 12s. 9d. Ewe Hoggets.—Good 245. Bd., 255. 6d., fair 225. 9d., small 13s. Id. Dairy Heifers. —Of very good quality, £l3 to £l3 17s. 6d., good £lO to £l2, fair £9 55., inferior £5 to £9. A small line of purebred heifers sold at £l4 10s. to £l6 15s. Cows.—Good £lO to £lO los., medium £8 to £9, inferior £7. Store Cattle. —Eighteen months P.A. steers to £‘s 155., Jersey weaner heifers from £2 for poor, to £5 10s. for good, empty cows to £3 10s., fat Shorthorn'bullocks £l4 55., Shorthorn steers £ll 10s., Holstein steers £9 ss. SHAREMARKET SALES. Auckland, August 30.—Sharemarket sales: Inscribed Stock, 1933, 51 per cent., £99 7s. 6d.; Commercial Bank of Aus-' tralia, (cont.), 9s. Id.; English; Scottish and Australian Bank, £5 12s. 6d. Wellington, , August 30. —Reported sales: Bank of New Zealand, 565. 3d.; Ptikemiro’ Coal, 525. 3d.; Wilson’s Cement, 405.; British Tobacco Co., 335. 3d. Dunedin, August 30.—Electrolytic Zinc (pref.), 21s. WHEAT QUOTATIONS AT CHICAGO. By Telegraph—Press Assn.—Copyright. New York, August 29. ■ Chicago wheat prices are: September, 85-3-8 cents; December 91 1-8 cents; March 95 3-8 cents; May 98 3-8 cents. ’ * DAIRY PRODUCE MARKET. The butter market weakened a furtr»3s to 4s during the week, but closes li a slightly better demand,'-states a ic received by Newton King, Ltd. Led, 124 s to 128*. (127 s to 13£s\ast k); unsalted, 146 s to 150 s A ; wheys, Ists, 120 s (1265); J

118 s, (12te). The cheese market has fallen" a further 3s but is much more active at the lower: level. Present climatic conditions will increase the consumption of cheese. Coloured, 76s to 765, (80s to 81s); white, 71s to 735, (74s to 765). , Collett and Co. have received the following advice: —creamery butter, 125 s to 1275; whey butter. 116 - to 117 s; Wieese (white), 72s to 745; coloured, 75s 77 s.