COMMERCIAL

Evening Star, Issue 19783, 6 February 1928, Page 8

COMMERCIAL

LONDON MARKETS

The Bunk of New Zealand lias received the following advice from its i London office as at close of business I last week:—Butter: Steady; IGds to 164 s per cwt.. Cheese: Finn; 92s to 193 s per cwt. Frozen meat: The niarI ket is weaker for heavy-weight wethers, hut lights remain steady. Ewes I arc in short supply, and prices arc j nominal. There is a little better deI maud for lambs. The beef market is j fairly well supplied, and only moderate I business is being done. Wethers, light 6d to 7Ad, heavy 4.Jd to 5.1 d; ewes, 4RI Ito s.idlambs, . twos lOd to 10Jd, I eights lOd to IOJd, fours lOd to lOijd, j seconds 9ld to 9|d; ox hinds 4-\d to 4Jd, fores 3Jd to 33d ; cow, hinds 4d to 4id, fores 3ld to Sid. CRAIN AND PRODUCE. Messrs Donald Ilcid and Co., Ltd., report as under : Oats.—The market continues in a stagnant condition. Offerings arc reduced to practically nothing, and very few also remain in local stores. The crops aro beginning to head up, but the total acreage under cultivation will bo much less than last season. Nominal values to-day aro equivalent to 2s lOd for A grade, and 2s 7d for B grade (sacks extra), on trucks country stations. Wheat. —Little of last season’s wheat remains unsold, and this little is gradually being absorbed as fowl wheat. The local millers have booked a fair quantity of the now season’s crop forward at prices equivalent to those ruling in the north. Fowl wheat is selling ex truck Dunedin at 6s 6d per bushel (sacks extra), and this represents all the business passing. Chaff.—Very little chalt' is reaching this market, but on tbo other hand there is also very little enquiry, and the outlook from the producers’ point of view cannot bo termed bright by any means. There is plenty available up north to cope with all shipping requirements. Wo quote prime quality at £5 us (sacks extra), ex truck Dunedin. Potatoes.—These arc arriving in small quantities only, and sales aro being effected at £8 per (on (sacks in), ex truck Dunedin. Blight has already made its appearance, and the present dry weather will probably make it worse. The crops on the whole aro, however, looking well. CANADIAN LOAN WANTED. Press Association—By Telegraph—Copyright. OTTAWA, February 4. In view of the easy condition of the money markets, the Minister of Finance (Mr Robb) will ask Parliament for power to borrow half a billion dollars to meet maturing Canadian obligations and to purchase and withdraw from circulation Canadian securities. SALES ON ’CHANGE: THIS DAY. Auckland.—Auckland Gas, 23s 3d; South British Insurance, 57s Cd. Reported: Bank of New Zealand, 595; Commercial Bank, £27 4s 6d. AY'ellington,—Reported sale: Christchurch Gas (new issue), 8s 9d. Christchurch.—Bank of Adelaide, £9 ss; Commercial Bank of Australia, 27s 5d (two parcels), 27s 4d (two parcels); Commercial Bank of Sydney, £26 2s 6d; Bank of New South Wales (cum div.), £47 13s (two parcels); Dalgcty and Co., £l3 16s; Goldsbrougdi, Alert, 48s; New Zealand Refrigerating (£1 paid, cum div.), 17s 3d (two parcels); Tooth’s Brewery, 46s 3d: British Tobacco, 39s 8d; Electrolytic Zinc, (prof., cum div.), 32s 6d; Stockton (prof.),. 3s 3d (two parcels).