FINANCE AND COMMERCE

Taranaki Daily News, 13 October 1931, Page 16

FINANCE AND COMMERCE

SYDNEY WOOL PRICES FIRM. COMPETITION WELL SUSTAINED. By Telegraph—Press Assn.—Copyright. Rec. 10.10 p.m. Sydney, Oct. 12. At the wool sales to-day 11,860 bales were offered, 11,019 being sold, as well as 1337 disposed of privately. Prices were very firm at the closing rates of last week. Competition was well sustained by Bradford, Japan, France and Germany. Crossbreds showed a hardening tendency. Greasy Merino made 141 d per lb. The average price of wool last week was £lO Ils lOd per bale, or 7.9 - per lb. The Australian average for the first three months of the present season was £9 14s 2d per bale, or 7.4 d per lb. DAIRY PRODUCE MARKET. SMALL REDUCTION IN VALUES. The Dairy Board’s London office reports the following prices ruling on Friday, those for the previous week being shown in parentheses: BUTTER. New Zealand, salted, 117 s to 122 s (119 s to 1235; October 10, 1030, 110 s to 116 s); unsalted, 118 s to 122 s (120s> to !225; October 10, 1930, 16s to 150 s); 117 s to 122 s equals approximately 12 3-8 d per lb, f.0.b.; Ist whey, 106 s (110 s 2nd whey, 104 s (108 s Australian, salted, 114 s to 116 s; ex. 118 s (116 s to 118 s); unsalted, 114 s to ■ll6s (—). South Africa, 104 s to 108 s (104 s to 108 s). Argentine, unsalted, 112 s to 116 s (112 s to 116 s). Danish, 122 s f.o.b;; 128 s to 130 s spot (130 s 1365). Dutch, unsalted, 136 s to 140 s (144 s to 1465). Esthonian, salted and unsalted, ll‘2s to 116 s (116 s to 118 s). Latvian, salted and unsalted, 112 s to 116 s (116 s to 118 s). Siberian, 102 s to 104 s (104 s to I06s). Ukrainian, salted, and. unsalted, 102 s to 104 s (104 s to 106 s). Polish, 96s to 98s (94s to 104 s). Lithuanian, salted and unsalted, 110 s to 114 s (114 s to 116 s). ■CHEESE. New Zealand, white and coloured, 695, 70s to 71s; (70s to 71s; 70s to 725; October- 10, 1930, 68s to 71s). 60s to 70s equals approximately 6 7-8 d per lb, f.o.b. South Africa, white, 67s (—). , Canadian, white, 695, 70s to 7.1 s (70s to 725); coloured, 70s to 725. (70s to 725); c.i.f. GBs (695). English finest farmers’, 80s to 85s (80s to 85s). STOCKS, ARRIVALS, ETC. The Empire Marketing Board’s estimate of the stocks of all butters is 787,220 boxes/ as compared, with 828,584 boxes & year ago. Arrivals last week included 900 tons from Russia, 430 .tons from Poland, and the Baltic States, and 7000 boxes from Canada. Deliveries for the week and quantities in store were: Deliveries. Stocks. N.Z. butter, tons 860 4,757 Aust, butter, tons 1,087 1,22'5 N.Z. cheese, crates .... 10,779 50,91'2 Can. cheese, boxes .... 20,426 263,600 The Mahia, which left Auckland on October 8, took 58,899 boxes of butter and 11,898 crates of cheese for London. FROZEN MEAT PRICES EASIER. SALES DIFFICULT TO MAKE. Lamb market: Prices easier; trade slow owing to largo supplies of homekilled lamb and heavier arrivals of new season’s Australian lamb. Mutton market: Wethers'weaker. Sales are difficult’ to make. Ewes, market quiet and prices slightly weaker. Beef market: Unchanged, but there is rather more inquiry. -New Zealand porker pigs: Meeting with slightly better demand, but home-killed supplies are still heavy. New Zealand baconer pigs: Purely nominal. The above report was received on 'Saturday by. the Meat Board from its London office, which advises that the following are the approximate average prices realised for the week, based on actual transactions of wholesale quantities of the descriptions of meat mentioned, and are for representative parcels of the goods offering during the week, being for business done on the basis of delivered to Smithfield market and/or ex London stores. Prices for the two previous weeks are also shown:

New Zealand sheep, Canterbury and North Island selected crossbred wethers and maiden ewes, 48 to 561 b, 5d (old, 5 3-8 d); 57 to 641 b, 4gd (sd, 5 l-8d); 65 to 721 b, 4 3-8 d (4'5-Bd, 4Jd); North Island crossbred wethers and m. ewes, 48 to 561 b, 4|d (sd, s£d); 57 to 641 b, 4Jd (4gd, sd); 65 to 721 b, 4Jd (4Ad, 4 5-8 d); ewes, 481 b and under, 4d (4 l-Bd, 4 3-8 d); 48 to 641 b, 3 5-8 d (3|d, 4 7-8 d); 65 to 721 b, 3|d (3 5-Bd, 3 5-8 d). f ' New Zealand lambs: Canterbury,-36Jb and under, 8 3-8 d (same); 37 to 421 b, 7d (7id, 7jd);. 43 to 501 b, '6Jd (6<d, 6 7-8 d); second quality, average 331 b, 7id (7 7-Bd, Sd); other South Island brands, 361 b and under, 8 l-8d (B{d, 8fl:d); 37 to 421 b, 7 3-8 d (77-d, 7 5-8 d); 43 to 501 b, 6Jd (6|d, 6fd); selected North Island •brands, including Downs, 361 b and under, 8 3-8 d (BJd, 84d); 37 to 241 b, 7£d (7£d, 73d); 43 to 501 b, 6Jd (6 7-Bd, 6 7-&d); second quality, average 311 b, 7J (7 7-Bd, 8d); other North Island brands, first quality, 361 b and under, Bcl (Bd, 8 1-Sd); 37 to 421 b, 7}d (7Jd, 7^d); second quality, average 311 b, 7 3-8 d (73d, 7 7-8 d). Australian lambs: Victorian, first quality (new season’s), 361 b and under, 7Jd (Sd, 8 l-8d); 37 to 421 b, 73d (74d, 72d). Argentine lamb: First quality (new season’s), 361 b and under, 83<l (not quoted);. 37 to 421 b, 73d (not quoted). New Zealand beef: Ox fores, 2Jd (same); ox hinds, 4d (same); cow fores and hinds, not quoted.. Argentine chilled beef: Ox fores, 3 3-8 d (3 3-Bd, 2 7-Sd); ox hinds, 63d (6 3-Bd, 6d). Australian frozen beef: Ox crops, over 1001 b, 27-8 d (2 7-Bd, 23d); ox hinds, over 1601 b, 4d (same). New Zealand prime porker pigs: 00 to 1001 b, 6 5-Sd (6ld, 6Jd); 101 to 1201 b, 6}d (6d, 53d). New Zealand baconer pigs, 121 to 1801 b, 5d (same). SHAREMARKET TRANSACTIONS. Auckland, October 12. —Sharemarket sales: Commercial Bank, 13s 2d (late sale Saturday); Bank of New Zealand, 445; New- Zealand Insurance, 37e 6d (late sale Saturday); Abraham and Williams (pref.), 67s 6d; Waihi, 16s lid; Waihi Grand Junction, 3s 93d (late sale Saturday). Christchurch, October 12: Sales on exchange: King Solomon, 2s. 5d.; Okarito, 9s. Id., 9s. 2d.; Golden Dawn, ss. Bd.