COMMERCIAL.

Press, Volume LXVII, Issue 20177, 4 March 1931, Page 13

COMMERCIAL.

(CONTINUED.) WHEAT. ENGLISH QUOTATIONS. STTMITBD PBBSB ASSOCIATION—BT MWCSBIO TXLXaBAPH —COPYRIGHT.) LONDON, March 2. For wheat cargoes the demand is inactive. Quotations are unchanged. Parcels are in small request and unchanged. Futures— London—April, 19a lOd per quarter. June, 20s per quarter. . * Liverpool —March, 4s 2jd per cental. May, 4s 4£d per cental. July, 4s s}d per cental. October, 5s 7£d jjer cental.

EXPORT DUTY ON SHEEPSKINS, FEDERAL GOVERNMENT TO REMOVE IT. <CXITBI> PRE 88 ASSOCIATION—B* ELECTBIC TBIHOBAPH—COPtHIOHX.) (Received March 3rd, 9.60 p.m.) CANBERRA, March 3. The Federal Labour caucus has recommended the Ministry to remove the export duty of a half-penny per lb on sheepskins in wool, which has operated since December 17th, concerning which a bitter controversy led to the complete dislocation of the industry. The Government will act immediately, and it will also refund all amounts paid in duty.

RANGIORA MARKET. / \ There was a' (air attendance at the weekly market yesterday, and although the yards were fairly empty of stock there seemed to be a more healthy tone amongst buyers. There was a fair yarding of sheep, whloh were cleared at current rotes. Best fat lambs made from 12s to 15s, lighter fat lambs 9s to lis 6d, fat ewes 4s to 78 3d, fat wethers 15b Od, store lambs 9s 6d, s.m, ewes 4s to 4s Od; culls, four and six-tooth ewes 2« 8d to 4s 6d, aged ewes Is to 8s Sd. Owing to the annual cattle fair having been held last Friday, there'were no cattle entries yesterday. There was a yarding of 103 pigs, mostly weaners. Baconers made from £2 lis to £2 16s 6d, store pigs 21s to 28s, big weaners to 17s, small weaners 0s 6d to 18s. In the poultry section roosters sold to 6s pair, hens 3s, pullets Ss 6d, ducklings 4s, and duck* Is 6d. Sheepskins, etc.*—Felts brought from Id to 6d, lambskins 4d to Od, wool 4d lb, pieces Id. crutohingi ljd, hides Bd, fat Id, horsehair Is, and calfskins la to Is 6d.

THE METAL MARKETS. * [wnsn russ association—w iuccraio TOMWBAFH—COPYMOBT.) • (Beceivod March 3rd, 0.50 p.m.) . LONDON, Match 8. AU metals am dearer.i Quotations are:—

'i, , * j ' , I MAHAKIPAWA GOLDFIELDB, LTD. ! The mine manager report*, under, date February 20th:— ' , , 5 i f..' > I■ 'South Amr—Outjtttg »ttp the floor of the i .south aria has advanced 75ft; and is within 36ft of the south face. We, are now carrying 42 inches of bottom rock. JNo.' 4 West Crosscut —This cwwucnt has advanced r ß6ft from the aouth drive, for th«:flr*t 82ft the wash Wa« of good grade.> In the last two, sets large stonea met have taraed the wash, and In the face sous 4ft of poqr grade sand-drift is showing. We are no* onljr Jhwt In" touch wjth the bottom roc*. ■ No. 1 South Blocking from' 800 ft south of shsft 1 crosscut' has .advanced 84ft in good . grade to fair grade wash dirt. j • 1 No; S South Blocking from. 265 ft south of i shaft crosscut has' Just been commenced, and I the face 'shows *a*h dirt of < good grade. ; i - North Driv;6—This darei has been, turned I more to the north-Wbst, and is out 48ft f?om the shaft X cut, ■No wash .dirt containing gold values of importaiice has so far fee/tn Betum—The return from February 4th to ffebrnary 88th was ?2o» aUnvlal gold. Motor, trouble developed last week-with of 'the puWps, and has, meant s loss of time -fa.mining operations," The manager, Bow* «ver, has. taken steps to have the motor re'paired at once, so that operations may be returned. , 1 /;i\ \i > ' t ' HOME MARKETS. J f:-. The Department of Agriculture has received toltowin* cablegram," 'dated February 38th,j. m the High Commissioner for NW Zea* r'^Allo^--Poor demand at auction; 982.casks I offered, SO sold" at- Hi decline on the', amount I sold. ' Present quotations (or spot are:^

flemp—Manila market weaker. , "K" grade, March-May shipments sold at £l7, April-June shipment 4X7 6g, \ Sisal:. Market quiet and weak. . First grade nsoat, '.'early shipments, sold at £l6, Average closing, values 6s less owlnjr to ob> eence of trade.support. , NeW Zealand: Msffeet continues dull, No first-hand 'sales' reported. , Nominal value 'March-May shipment on the basis of high fair 430 XOs, second grade tow 414. Peat—Maple market governed by Tag. manian, which, on account of/ exchange, (continue freely- offered at, low prices. "A" grade Tasmantan sold down to 465, February. March shipment. Lowest offers 1 from New Zealand P2a 6fl. No business re•ported. _,y ' _ LONDON PRODUCE MARKET, 1 "'foi The tiank of New South Wales yesterday received the following cabled advice from their Hon don office, dated February 27th, 1991: 1 Wool—Prices continue linn. -Mutton —Ewes 8d to Bd. Steady. J .Wethers Bd' to 41d. > Poor demand. . ; )jamb—Sid. 7d. Market over-supplied. Beef—-2}d, Bid. Nominal; Pork —6d, fld. Butter —1225. . Steady. • ' Cheese-yWhite 58s, coloured 60s. Firm,

idea of the nature of the" country immediately over the Studleighs. ■ ..The motor run .to ,the plains was without incident. .Begrimed, wet, and hnppv, the ,ejfplovers, arrived, back at ■Hanmer on.Sunday afternoon. "Although they all faded to carry out their programme to the letter they h&d at least - been where nobody had ever been before: tmd had earned the 'luxury''of warm baths.'

't ■ .i.-V'/'V:'';' Feb. 23., " March 8. per ton per ton Coppert i. d. fed. Standard, spot 47 1 8 47 4 a Standard, forward 47 0 7J 47 10 7J Eloctrolytio 49 17 6 SO 6 0 "to ■. ■ ,■ •• ' -i— 60 12 8 Wire bar* 80 5 0 60 12 8 Leadla r» 14 0 0 "14" 6 8. l* 7 e Spot '.. Forward .. Bpelter— 18 0 0 - Spot •• . .. 13 7 e Forward .. .. 18 8 9 18 6 9 TinSpot - •. 128 S 6 138 3 6 Forward 124 U 8 1S4 13 e Silver- , 11 < 13|d , Standard, per o«; lSUd "Fine, per m. 18Jd 18|d

8.a. *r«. Jtutton— <, ' t >' 1 Find . 86 0 to'25 6 Fair to good .*,*1 0 ,tO 28 6 Dark to dull . 180' to 10 0 Beef— '■'* ' IV ' 1 ' ' Sweet and/or riixed .-.32 . 18 0 to 28 0 '' Fair & otood 6- to 20 , 0 Dark tot dull . 10 0' to' 18 0 Mixed —'. ' '• f - J \ V . 18' « to 20 0 Fair to Rood, ' Dai'k, to dull ~ . 18 ,0 to 18 0 Gut.etc. v . IS 0 to 1.7" 0