COMMERCIAL.

Press, Volume LV, Issue 16432, 28 January 1919, Page 9

COMMERCIAL.

ir rt, Cable.—Aesociatioc.— Copyright.) I (Aosiralisn and N.Z. Cable Association.) I' • IMPORT OF HIDES. LONDON, January 2i. I The restrictions on the importation of raw t f removed after January. SHAKES. i (Received January 27th, 8.15 p.m.) |. . LONDON, January 26. I* TT»ihi Junction —Buyers 136 3d, eeliere ljs II -J Tali'tnan —Buyers 12s 6d, Boilers las-. | r. and 0." (del.), £424. the wool trade. LONDON, January 21. VV Goldfinch, speaking at a meeting of iv Voot Council in London, said the danof a short supply of wool had passed, J there was sufficient aavilable to k«ep ite mills engaged working full time and also to provide for the needs of France, Belgium, waa now sufficiently clear to . dawn broad lines on which the control OT'd bo liquidated. Speculation in raw m<JiLri'al' should be discouraged and prices iLtablished " wh «» possible. The G<> '(«rnment3 of Auetralia and New Zealand ; t .j -tbeir wool clips to be so handled as T' V, to ducc theec Tcsults. The Department wmild limit itself in futnre to careful mari tid" of Australian wool, and commence 'nrlioEiflS i Q accordanco with requirements. The re«erre would be somewhat lower than the Bradford issue prices. Mr' Goldfinch stated that ho expected tha'minimum of 80,000 bales could be handled • the April auctions, and larger quantities the following months, but there was no • hone of handling efficiently the quantity which *u' required monthly if tho Allies drew largely upon London. Tho Department "would continue to issue wool outeido the TTtioßs at fixed price 3" 71,6 P resent P rice 3 —old prevail throughout April, and there would he no changes until a well-marked hasu was established, and they would eub>«pjently avoid frequent changes. There *er» three aourccs of supply available—firei, th- Government auctions; second, the Government issue at fixed prices; and third, parchaaes of freo wool from all sources "except Australasian at prices fixed by unrestricted bargaining, thus producing a safe•oard against excessive competition at the auctions. This would enable the Government, by regulating the quantity c* Australasian' wool offered at auction, to keep the market well supplied without allowing an over-supply. This was considered in tho be&t interests of the Australasian producers as well as of the British traders. The consumers must not he overlooked. The Australasian contracts gave the producers a partnership of interest in the reeults of re-sales. They were therefore entitled to know that they were marketing tho wool carefully in their interests, but the producers were aware that a curtail- | mcnt of • a healthy flow of their wool to | the consumptive channels would be against [ their interests. The sheep-growers in Australasia were concerned not only in this but in future clips, and were interested in the health and development of the British -wool , textile trad? as much as West Yorkshire. . Sir Goldfinch announced that the Govern- . ment would not purchase the next British f ' AMERICAN WHEAT SUPPLY. CHICAGO, January 22. The risible wheat supply is 132,940,10$ bushels; - CLEARING SALE. The New Zealand Farmers' Co-op. Association,. Ltd., held a clearing sale on account of, the trustee of the late Mr James Murray at the.farm, Carleton, on Friday. Thero was a good attendance, and bidding was very spirited.- The principal sales were:—Horses: Bay mare, 9yrs, l £3l 10a; bay gelding, syrs, £38. Cattle: Cow in profit £17. cow (dry) £13 :ss, 18-months heifer £10 10s, two steers £4 and £7, calf- (three months) £2 3s. Sheep: jSwes 31s, ewes and lambs all counted 23s Gd. ' EXPORTS TO AMERICA. RESTRICTIONS REMOVED. Tho consular agent for the United States i of America in Christchurch (Mr J. H. Stringer) has received the following advioe from Mr A. A. Winslow, tho American Consul-General at' Auckland: — "Cabled advices from the Department of State''authorise American consular officers to 'certify to invoices without impart license numbers for all commodities, esocpting wheat, wheat flour, feathers, peanuts, ferro- ' , manganese, spiegeleiaen, Egyptian cotton, . f .emery,'-' orer jute und .manufactures thereof, pig tin, tin ore and concentrates. This, I believe, releases everything shipped from New Zealand,, so that commerce can go on about the same -between New Zealand and tho United States as before the waT." / - PROPERTY MARKET. / On Saturday Jones, McCrcstie Company, Ltd., sold ,by auction, in the estate of the late Mr J. C. ,Wilkin, a quarter-acre section and eight-roomed residence in Gloucester streit, Linwood, for £495. Mr H. Simpson . was tho purchaser. PRICE OF COKNSACKS. (PHESS ASSOCIATION" TELEGRAM.) WELLINGTON, January 27. A "Garotte" notice has been issued fixing the maximum price of cornsacks. The. notice reads:— "The, maximum price of cornsacka when •old to farmers or other user® cm tho usual trade terms as existing at the date of this Ordcr-in-Council for delivery ex ship or ex store at the port of Lytlelton, or at the port of Wellington, shall be Is 7d each in the case of 48in sacks, and la 6d each in the -case of, any smaller size. -When sold to farmers or other users on the usual trade terms as aforesaid for delivery otherwise than as aforesaid, the maximum price shall be the price aforesaid with suoh addition only as represents the additional cost to tho seller of delivery _ otherwise than as aforesaid. When, •old to farmers or other users otherwise than „on ithe. usual trade terms ae aforesaid, the maximum price shall be a price equivalent, as the seller, to tho prices aforesaid. • For (he purposes of this Order-in-Council, *»ORS' at Christchurch or Addington shall be deemed to be stores situated within the port «l LyttoHon." • CHRISTCHURCH STOCK EXCHANGE. . YESTERDAY'S TRANSACTIONS ' Sale reported:—N.Z. Farmers' Co-op., £2 ■ Ba 6d, " . LATEST QUOTATIONS. Buyer*. Sellers. £ s. d. £ a. d. 'DEBENTURES— N.Z. Government 45' per •.cent., (bonds, 1938) .. — 97 0 0 BANKS- • Commercial of Australia (4 per cent, cum pref.) 610 0 — Xew South Wales .. 37 10 0 — INSURANCE— Farmers' Co-op. Assn. 710 0 — Farmers' Co-op. Assn. (pref.. 503 paid) 3 lo 0 — ■"New Zealand (cum div.) 11 4 0 — South British ... 7 0 0 — LOAN AND AGENCY— N Dalgety-.and Co. .. ' 9 12 6 10 2 6 N.Z. Loan and Mercantile (ord. stock) .. 96 0 0 — N.Z; and River Plate ... 119 0 —. SHIPPING— Huddart-Parker 1 17 0 — PROZEN MEAT— \ Canterbury ~ \ .. 910 0 — Canterbury (6 per cent. ' enmipicf.) ..526 — N-.Z. Refrigerating .. 210 0 — WOOLLENS— •Kaiapoi (pref. re div. only) — 612 6 GAS^Christchurch .. 6 3 6 6 6 0 CEMENTS— Wilson's - N.Z. Portland 014 9 — MISCELLANEOUS— Burns, Philp .. — 1 16 6 (Colonial Sugar . .. . 22 10 0 — , , Colonial Sugar (Fiji and 'r. • N.Z.' 6 per cent, pref.) 20 10 0 — ■M Dj'l.C. .. 010 3 — . D.I.C. (6 per cent. cum. .-vprpf.) .. ..100 — " N.Z. Farmers' Co-op. .2 3 0 2 4 0 v Whitcombe and Tombs 6 4 0 — ) MINING— Talisman — 0 10 3 " YESTERDAY'S BUSINESS ON OTHER EXCHANGES. (PRESS ASSOCIATION lELZGBAHS.) . . AUCKLAND. : Sale:—Union Bank, £61 15s, ; Pickpockets reaped a rich harvest I . during the armistice joy-nights in the j West End of London. Scores of men and'women complained of having been robbed of money, watches, and jewel(cry. One man made himself so popular square that he was "chaired" through the crowd. Afterf . wards he found to his dismay that his F Pocket-boob, with £100 in notes, had f bete the real magnet in the demonstra iv tion, for it had been stolen. Manj women had gold bracelets and pendant: I vrcnched o£