SHARE MARKET

Timaru Herald, Volume CXLIII, Issue 20803, 11 August 1937, Page 9

SHARE MARKET

ACTIVITY IN LONDON DAIRY PRODUCE STEADY United Press Association—By Electric Telegraph —Copyright LONDON August 8. Stock markets, contrary to expectations, are rising with the temperature and a steadily increasing number of investors is seeking to join in what appeans to be the beginning of an autumn bull move cent. Kaffirs have risen substantially in the past fortnight, some as much as 50 per cent. The rubber market is active, and leading issues rose substantially, oils are also better. An excellent tone prevails in heavy industrials, notably in Vickers. Tin Price Jumps Commodities also have participated in the revival, especially base metals. Tin has been the most active. “The Financial News" considers that if consumers rush in the market price may rise to £3OO. "The Investors' Chronicle” emphasises the fact that, despite expanding •utput of all base metals, stocks are not ir creasing, and the situation contains the germ of another boom: but if consumers continue to purchase from hand bo mouth this may be averted, a; there is no danger of an actual metal shortage The butter market is featureless, though film. Little bu.lness is passing and consequently prices are nominal. Lower oilers are occasionally being accepted, but some traders anticipate the market to turn even stronger, cheese is most quiet, and quotations are also nominal. The Meat market There has been a sharp rise in the past week or two in medium-weight lambs. Supplies are limited and well held, and prices are likely to remain firm, as no supplies of Australian are available and none ’’ely to arrive before October. Mutton continues weak. Beef Is firm. Aggregate New Zealand and Australian arrivals of apples totalled 4,546,000 boxes, compared with 5,131,000 last year. The figures for pears are 804,000, compared with 697,000.