OVERSEAS MARKETS.

Star (Christchurch), Volume LXVI, Issue 20362, 20 July 1934, Page 9

OVERSEAS MARKETS.

Market With Jamaica is Opened. FUTURE PROSPECTS. Per Press Association. PALMERSTON NORTH, July 20. The Rangiotu Co-operative Dairy Company this week sent a consignment of six tons of prime cheese to Wellington for dispatch to Jamaica. This marked the opening up of a new market for its product. If the order proves satisfactory, it is likely that further business will result. N.Z. Exports Show Large Excess. Per Press Association. WELLINGTON, Tulv 19. Figures of the oversea trade of New Zealand, excluding specie, for the month of June, and the six months ended (excluding specie) and twelve months ended June 30, are as follows, compared with the corresponding periods of 1933 and 1932. In the case of imports the recorded value is given, with the equivalent in New Zealand currency. In the case of exports and the balance the figures are in terms of New Zealand currency. In the official statistics, imports from Australia are recorded in terms of Australian currency and imports from other countries in sterling.

Cargoes. Parcels and Futures. (Received July 20. 1 p.m.) LONDON, July 19. Cargoes.—Sellers are asking 6d up. Parcels are from 4id to 7id up. Futures are, quoted:— London, September, 21s 8d per quarter; December, 235. Liverpool, July, 5s 2Jd per cental: October, 5s 5d to 5s 8d; December, 5s 8 Ad: March, 5s 9Jd. Spot trade is firm and business is better. Australian, ex ship, 26s 9d to 275. Flouv—Firmer. Australian, ex store, 18s to 19s. Oats—Tending higher. Peas and beans—Quietly steady.

London Dairy Produce Quotations.

(Received July 20, 11 a.m.) LONDON. July 19. Trade in butter is steadier. Danish, S4s per cwt; choicest salted, New Zealand 745, Australian 68s; unsalted. New Zealand 80s to S4s, Australian 74s to 76 s. The cheese market is slow. New Zealand, coloured 455, white 48s to 48s 6d; Australian, coloured 445, white 475. MERCHANTS' CABLES. The New Zealand Loan and Mercantile Agency Co. advise that they have received a cablegram from their London office, dated July 18. 1934, giving tlie following market quotations: Butter—73s. There is a better demand. Cheese—White, 17s od. 4 8s; coloured, 455. The market is steady. W. Weddel and Co.’s Report. LONDON, July 18. Butter—Danish 84s, New Zealand finest 72s to 735, Kangaroos 67s per cwt. There is a better feeling in the market. Cheese —New Zealand white 47s 6d to 48s, coloured 45s per cwt. The market is quiet but steady. Messrs W. Wed del and Co., Ltd., in a cable dated July 19, advise that tlie butter nvirket is much firmer, latest quotations being: New Zealand, finest, 74s to 755. The following cable has been received by Dalgety and Co., Ltd., from Samuel Page and Son, dated July 19:—Butter: Market, rather more niquiry this end of week. Danish, 83s to 86s; finest New Zealand, 72s to 745: finest Australian. unsalted 70s to 745. salted 65s to 68s; g.a.q., 63s to 645. Cheese: Market, rather more inquiry this end of week. Quotations: New Zealand, white 4Ss and coloured 455; Canadian, spot, white 54s to 5Ss, and coloured 52s to 565. The National Mortgage and Agency Co. advise having received the following cable from their principals, Messrs A. J. Mills and Co., Ltd., London: “Butter: Market is steadier. Finest 745, firsts 725, unsalted S2s to S4s, Danish S2s. f.o.b. 655, Australian 66s to 68s. Cheese: Market steadj'. White 48s to 4Ss 6d, coloured 45s to 45s fid. Canadian, c.i.f. 48s to 505.” Australian Grain and Produce.

United Press Assn.—By Electric Telegraph—Copyright. (Received July 20, l p.m.) MELBOURNE, July 20. Quotations are as follows: Wheat, 3s to 3s Id per bushel, £8 5s per ton; bran, £4 5s per ton: pollard. £4 15s per ton; oats, 2s 3Jd per bushel; barley (English), 2s 6d to 2s 9d per bushel: maize, 3s 6d to 3s 7d per bushel: onions, steady at £6 10s to £6 12s 6d per ton. SYDNEY, July 19. Wheat—At country sidings. 2s 4sd, both bagged and bulk, equal to 3s l~Jd and 3s Id ex trucks, Sydney. Flour—£B 5s Bran—£4; pollard £4 15s. Potatoes—Tasmanian £9 10s, Victorian £8 10s. Onions—Victorian Brown Spanish, £8 10 s. Maize—YelLow 3s Id, white 3s 4d. ADELAIDE, July 19. Flour—Bakers’ lots £8 ss. Bran—£s, pollard £5 ss. Oats—Algerian to 2s. Barley—2s Id. Growers’ lots. 2s 9d. Sugar Beet.

(Received*July 20, 11 a.m.) LONDON. .In iv 19. Sugar beet is quoted at 4s S£d per wt for August delivery.

Bradford Tops Are Quiet United Press Assn.—By Electric Telegraph—Copyright. (Received July 20, 11 a.m.)

London Metal Market. LONDON. July 18. Metal exchange quotations are as fallow, those previously cabled being given for purposes of comparison:—

The Price of Gold. United Press Assn.—By Electric Telegraph—Copyright. (Received July 20, 10.30 a.m.) LONDON, July 19. Gold is quoted at 137 s lrtd per ounce. Other gold quotations this year have been as follows:

Silver Quotations. (Received July 20, 1.4 5 p.m.) LONDON. July 19. Silver is quoted at 20 7-l6d (spot) and 20 9-16 d (forward). Sale of Furniture. Messrs C. E. Jones. Ltd., auctioneers, 174, Manchester Street, report having held a successful sale of furniture and effects on the premises, 193. Hills Road, Shirley, yesterday, on account ol' Mr b If. Murdoch. Among the articles sold, the following prices were realised:—Car £IOO, chesterfield and two chairs £l3 10s, bedroom suite £l3 10s. carpet £7 2s 6d, £4 12m 6d, £4 17s 6d. cabinet £4 10s, hall carpet £2 12s 6d, hall scat £2. sewing machine £3 2s 6d, firescreen £3 2s, ottoman £1 ss, buffet £3 7s fid. six dining chairs £3 9s, dining table £2 12s 6d, battery sot £3 ss, couch £3 15s. bedstead £1 17s 6d, duchesse £2 Gs. baby duchesse £1 6s, vacuum cleaner £3 2s 6d, shotgun £2 15s, rifle £2 2s Gd, ammunition £2 10s. China, linen and outside goods sold at satisfactory prices. 6

June Totals. 1934. 1933. 1932. £ £ £ Exp. 3,294,990 3,700,830 2,480,112 Imp. 1,429,095 Imp. (N.Z. 1.689,329 1,866.877 cur.) 1,728,000 2,042,000 2,003,000 Excess exp. 1,567,000 1,659,000 477,000 Jan.-June. 1934. 1933. 1932. £ £ £ Exp. 31,498,390 23,362,395 21,501,657 Imp. 11,304,770 Imp. (N.Z. 10,361,989 11,160,857 cur.) 13,756,000 Excess 12,634,000 11,990,000 exp. 17,742,000 10,728,000 9,512,000 Production Year. Tuly 1 to June 30. 1933-34. 1932-33. 1931-32. £ £ £ Exp. 49,141,914 37,470,657 34,668,407 Imp. 21,969,459 Imp. (N.Z. 22,439,000 23,006,509 cur.) 26,703,000 25,290,000 24,655,000 Excess exp. 22,439,000 12,180,000 10,013,000 The value of the specie excluded from the above return was as follows: Tune. 1934—Exports, £100,000 imports, £97,000. Six months ended June 30, 1934 —Exports, £629,000. £488,000; imports.

t The LONDON, Julv in Bradford market is quiet, ire as follows: Quota70’s June 28. July 5. July 12. July 19. . . .13 32 32 31 64’s . . 31 31 29 2S 60’s 28* 27 26 56*s . . 23 50’s . . 1 fii -9 16 15 j 46's . . 12 i13 113 1 2 40’s .. 103 103 10J 101

July 18. July 17. Per ton. Per ton. £ s. d. £ s. d. Copper— Standard,spot 29 11 3 29 4 4S Standard, fwd. 29 18 1& 59 n 10J Electrolytic 32 10 0 32 0 0 to 33 0 0 33 0 0 American (cents per ll>) .... 9 9 Wire bars .... 33 0 0 33 0 0 Lead— Spot. 10 18 9 10 13 9 Forward .... 12 2 6 10 18 9 Spelter— Spot 13 7 6 13 1 3 Forward .... 13 10 0 13 15 0 Tin— Spot 230 11 3 230 17 6 Forward .... 230 6 3 230 6 3 Silver— d. d. Standard, oz. 20 9-16 2«» 7-16 Fine, oz 22 3-16 22 1-16

s. d. January 2 127 0 February 5 (official) 140 0 March 1 137 1 April 3 133 2 May 1 135 111 June 1 . 137 U July 2 137 10 July IS 13S 0