FINANCE AND COMMERCE

Taranaki Daily News, 26 March 1932, Page 10

FINANCE AND COMMERCE

THE DAIRY PRODUCE MARKET. BUTTER QUIET, CHEESE STEADY. By Telecraph—Press Assn.—Copyright. Rec. 5.5 p.m. London, March 24. The Butter market is quiet at the following quotations: —? Danish, 118 s per cwt. Choicest salted: New Zealand, 107 s to 109 s; Australian, 103 s to 105 s. Unsalted: New Zealand, 114 s to 118 s; Australian, 104 s to 108 s. The cheese market is steady. New Zealand: White, 60s 6d to 61s; coloured, 61s to 625. Australian: White, 59s 6d to 60s; coloured, 60s to 61s. THE FROZEN MEAT MARKET. VALUES REMAIN FIRM. Rec. 5.5 p.m. London, March 24. The weekly quotations for the undermentioned classes of frozen meat are based on actual sales of wholesale quantities of carcases of mutton or lamb, or of quarters of beef delivered to Smithfield market, and/or ex London stories. They are compiled by the quotations’ committee, Smithfield.

To arrive at the equivalent ex ship values add one farthing per lb to value quoted below. Quotations given represent the average for the week, and are not for selected lines, but for parcels fairly representative of the bulk of shipments now on offer.

New Zealand sheep: Canterbury and North Island sel'eeted crossbred wethers and maiden ewes, 48 to 561 b, 4 5-8 d; 57 to 641 b, 4 3-8 d; 65 to 721 b, 4 l-Bd. North Island selected crossbred wethers and maiden ewes, 48 to 561 b, 4 Ad; 57 to 641 b, 65 to 721 b, 4d. North Island ewes, under . 481 b, 3£d; 48 to 641 b, 3 l-8d; 65 to 721 b, 2 5-Bd.

Australian sheep: First quality crossbred and Merino wethers, 40 to 651 b, 3Jd; 65 to 721 b, 27-8 d; second quality, 40 to 651 b, 3fd; ewes, 30 to 551 b, 3 id. Argentine sheep: First quality crossbred wethers, 48 to 641 b, 4 3-8 d; 65 to 721 b, 3Jd; over 721 b, none offering. Patagonian sheep: None offering. New Zealand lambs: Canterbury, 361 b and under, 7d; 37 to 421 b, 6 7-8 d; 43 to 501 b, 6Jd; second quality, average 301 b, 6Jd. Other South Island brands, .none offering. Selected North Island brands, including Downs, 361 b and under, 7d; .37 to 421 b, 6 7-8 d; 43 to 501 b, 6Jd; second quality, average 301 b, 6 3-Bd. Other North Island brands, first quality, 361 b and under, Gfd; 37 to 421 b, 6 3-8 d; second quality, average 301 b, 6d. - Australian lambs: Victorian, first quality, 361 b and under, 6d; 37 to 421 b, s£d; second quality, 361 b and under, 5 5-Bd. Other States, first quality, 361 b and under, sfd; 3-7 to 421 b, 4fd; second quality, 361 b and under, 5Jd. All States, third quality, Argentine lambs: First quality, 361 b and under, 6d; 37 to 421 b, s|d; 43 to 501 b, 5 I-Bd. / Patagonian lambs: First quality, 361 b and under, s£d. New Zealand frozen beef: Ox fores, 160 to 2201 b, 2RI; ox hinds, 16Q to 2201 b. 3Ad. ' Australian frozen beef: Ox crops, under 1001 b, 3d; over 1001 b, 3d; ox hinds, under 1601 b, 3 5-8 d; over 1601 b, Argentine chilled beef: Ox fores, 160 to 2201 b, 3 5-8 d; ox hinds, 1601 b to 2201 b, 6 l-Bd. New Zealand pigs: First quality, 60 to 1101 b, average 901 b, s£d; 111 to 1201 b. 4fd. Australian pigs: First quality, 60 to 1101 b, average 901 b, 5 3-8 d; 111 to 1201 b, 4<d. RAW MATERIALS MARKET. Rec. 5.5 p.m. London, March 24. To-day’s closing prices, with those for last Friday in parentheses, are:— ' Cotton: April delivery, 4.87 d (5.20 d pei- lb. Rubber: Para, 3 5-8 d (3Jd) per lb; plantation, smoked, 1 15-16 d (23-16 d Jute: March-April shipments, £lB 17s 6d ( £l9) per’ ton. Copra: April-May shipments, South Sea, £l5 17s 6d (£l5 17s 6d) per ton; plantation, Rabaul, £l5 (£l6). Linseed oil: £l4 5s (£l5) per ton. Turpentine: 56s 3d (58s 3d) per cwt. LONDON GRAIN MARKETS. ' Rec. 5.5 p.m. London, March 24. For both cargoes and parcels of wheat there is a holiday spirit in the market and little buying interest. Futures quotations are: London: June, 24s Id per quarter; September, 24s sd. Liverpool: March, 4s' Il l-8d per cental; May, os 0 3-8 d; July, 5s 3d; October, 5s 5Jd. .. Spot trade is' quiet. Australian, exship, is worth 27s 9d to 28s ,6d. The market for flour is slow; Australian, ex store, 21s 6d. F. r oats, peas and beans the market is quiet and there is no change in values. LONDON MARKET FOR HIDES. Rec. 5.5 p.m. London, March 24. Quotations for hides are:— Meat works, dry salted: Queensland, 35 to 4olb, 6d; 30 to 401 b, sfd; 25 to 3alb, 5 l-8d; 20 to 301 b, sd. New South Wales, unquotable. Wet salted: Queensland, 50 to 601 b/ 4£d; 40 to 501 b, 4{d. Nex South Wales, unquotable. \ Victorian abattoirs: Unquotable. BRADFORD TOPS MARKET. ' Rec. 5.5 p.m. . London, March 24. The Bradford tops market is steady and moderate business is being done. Quotations are: Seventies, 24d; sixty - fburs, 22Ad; sixties, 20 Jd; fifty-sixes, 17d; fifties, 12d; forty-sixes, 9Ad; forties, 9d. THE PRICE OF GOLD. Rec. 5.5 p.m. London, March 24. To-day’s quotation for gold is £5 12s 2d an ounce, a drop of lid. since Tuesday. SHAREMARKET TRANSACTIONS. Auckland, March 24: Sharemarket sales: Inscribed Stock,-1937, 5J per cent. (September), £97; Bank of New Zealand, 43s 9d; National Bank of- New Zealand, £3 7s 6d; Colonial Sugar, £36; Woolworth (rights), 3s 2d. (two parcels); Nev- Zealand Paper Mills, 18s 6d; Mahakipawa, 3|d; Waihi, 16s (two parcels); Waihi Grand Junction, 3s. 6d.