IMPROVEMENT SHORTLY

Taranaki Daily News, 23 July 1934, Page 17

IMPROVEMENT SHORTLY

BUTTER MARKET EXPECTATIONS. An improvement in the prices for New Zealand butter is expected in the near future according to advice received by the Anglo-Continental Produce Co. Ltd.’s New Plymouth office. Advices received are:— Anglo-Continental: The cold store stocks of butter exceed last year’s total by 11,000 tons. Arrivals from January to June of Danish, Baltic and other European countries show an increase of 20,000 tons, which continues to depress the market. Expect New Zealand brands will improve somewhat in the near future.' The current quotations are:—Butter: Finest, 745; first grade, 735. Cheese: White, 48s; coloured, 455. A. S. Paterson and Co. Ltd. (J. and J. Lonsdale and Co. (London) Ltd.:—Butter: Market firm- New Zealand, 745; Australian, 68s; Danish 67s f.0.b., 88s landed. Cheese: Market firm; white, 48s 6d; coloured, 45s 6d. Collett and Co. Ltd.:—Butter: Finest, 74s to 755; first, 73s to 745. Cheese: White, 48s to 495; coloured, 44s to 455. SHAREMARKET BUSINESS. Sharemarket business reported by the Press Association on Saturday was:— Wellington: Sale on Exchange: Waihi, 325. Auckland: —Sales: Stock, 1940, 4 per cent., £105; Auckland Harbour Board, 1939, 5i per cent., £lO2 10s; Booth MacDonald, 1937, 61 per cent, £7l 10s; South British, £4 Is; Consolidated Brick, 7s 9d; Mataki, 2s 21-d; Waihi, 32s 4Jd; Mount Lyell, 21s 7d. Unofficial list: New Zealand Perpetual Forests, 51s. Christchurch: Commercial Bank of Australia (cum div.), 15s 3d (2); Kauri Timber, 18s 4d; Big River, Is Id; Charleston, Is 3d (2); Glenroy, Is 2d; Mt. Lyell, 21s 8d; Nokomai, 3s 3d (5); Skippers, 8d (2). Sales reported: Commercial Bank of Australia (cum div.), 15s 3d; Goldsbrough Mort, 29s 6d; New Zealand Breweries, 42s lOd, 42s 9d; Dunlop Rubber, 18s lid; Rural Bonds, £104; Glenroy, Is 2d, is Goldsbrough Mort, 29s 9d; Rural Bonds, £104; Bank of Australasia, £ll, 12s 6d. KING SOLOMON GOLD RETURN. By Telegraph—Press Association. Invercargill, July 21. The return at the King Solomon mine this week was 790 z. 3dwt. The Mahakipawa gold return for the week was 62 ounces.