COMMERCIAL.

Press, Volume LVI, Issue 16852, 4 June 1920, Page 9

COMMERCIAL.

LONDON "WOOL SALES. (By Cable —Press Associa tion —Copyright.) (Australian, and N.Z. Cable Association.) (Received Juno 3rd, 9.30 p.m.) LONDON, Juno 2. At tho wool sales there itos si better tone all round. Withdrawals were fewer, and con Heed mostly to inferior qualities. There was a firmer tendency for both merinos and crossbreds. Sli'pes were slightly dearer. New j£caland lots jsold include: i'eildinjr 51£ d. It is announced that tho present series will be curtailed by one week, and that next week'# oiler in gs will bk reduced. Dalgcty and Company, Limited, have received the following cablegram from their London, office, dated May 3l3t:—"Wool enles opened with sin averag-o attendance of buyers. Competition poor. Uood selection cf wool priecs as compared with last sales' closing 1 rates are for good quality merino 20 per cent, lower, medium sorts merino 15 per c'er.t. lower, faulty merino 15 per cent, lower, fine Quality crossbreds 10 p-er cent, to 15 per cent., lower, medium quality crossbreds 5 per cent, lower, aai:l coarse quality crossbreds are rather lower, slipo crossbreds 10 per cent, to 15 per cent, lower, but it is difficult to quote in consequence of laTge withdrawals." shakes. LONDON. Juno 2/ Wailii—Buyers 07s Cd, sellers 40s. Talisman —Ds Gd. TALLOW. LONDON, June 2. At the tallow sales 1910 casks wore offered and 105 sold, prices declining: 2a per cwt. ' Stocks total 865 casks. Imports, last month wcro 1264 casks, a,nd deliveries 3752 cae&s. N.S.W. LOAN. ' SYDNEY, June 3. The subscriptions to the New South Wales loan tot.il £l,ieC),ooo. [The loan is for £2,000,000, bearing- interest at the rate of 5i per cent., and is hems' issued at par.] AUSTRALIAN MARKETS. SYDNEY, June 3. Oats—Algerian feed Cs lUd to 7s. jSlaizo —10s Gd. Potatoes—£'l*2 to A'iu. OnionsVictorian il6 10s to £17. ADELAIDE, June 3. Oats—Nominally 7s 3d for parcels. SOUTH AUSTRALIAN HARVEST. ADELAIDE, Juno 3. The South Australian harvest totalled 14,947,413 busliela. SHEEPSKIN «AI;E3. As the requisition by tlj.-> Imperial .Government of sheepskins will end on tho ."Oth Jv.no the usual sales will be resumed throughout tho Dominion in conjunction with the hide.) sales, 113 formerly, 'i'o A;wil UOth the Imperial Supplit'3 Department hud jiurch.d 0,502,660 skin?, for which it 1-.e.:1 paid out to those concerned £2,'J14,705 sln-.c i'ebruary sth, 1917. Tho skinn were distributed to Dominion fellmongors for treatment, the wool and pelts bcinj the property of the Imperial Government. CAN TEE BURY HALL COMPANY. , An extraordinary general meeting- of tiio Canterbury Hall Company, Ltd., will be he-id on June 14th, at 2.30 p.m., in thr offices of Messrs W., Jameson and Son, ilancU'-Eter street, when resolutions will bo moved to the cfiect thi.t the company be wound up voluntarily, tliat Mr William Jameson bo appointed liquidator, and that the liquidator's fee be K"J guineas. An extraordinary general meeting will also be h<-!d on June 29tli nt the same timo and in. tl:™ .= amo o'.Sco, to confirm the resolutions passed at tho'previous meeting:. j PRICE, OP WOOLLEN GOODS. The high. ":rico of, woollen jor-ds iu NewZealand was attributed by a d'fejr.'-te at the Auckland Provincial Conference of tlie Far- | mers' Union to "tho fact that the I'fcw Zealand woollen mills could Jiell tb»ir output for expert at fabulous priccs.'* Tha UnderSecretary of Industries and Commerce sifted at Wellington on Tuesday that this explanation was not correct. The Irish price cf r?-v? wool was due to tha exrort value, end the local factories had to pay this price. But woollen goods, except in very exceptional cases, were not 'beins* exported rrom the Dominion at all. The factories *hsd been I unable to keei» paco with the demand within I the Dominion", and they had no surplus for export. GLUT OP APPLES. This weel: Mr F. J. Shelter., secretary to | the New Zealand Fruitgrowers' federation, j telegraphed to Mr E. B. Izard, of Stoke, a I director of tho as follows: j "Apple market glutted. Advise growers to ! stop sending any decent fruit until revival. I TONSON GAP.LICK COMPANY. ! The twenty-third annual meeting 0: shareholders of tlie Tonson. Garlick Co., Ltd., was held at Auckland this week. Professor H, W Segar, chairman of directors, who presided, congratulated the shareholders on such a successful year, it being- tlie nrst clear year of ■ -business since tha termination 01 t-ia war. The 'arge increase in aalcs of furniture and furnishings indicated r. gitm-in? demand. In the neax future it would ba necessary to consider wisdom of crecting & larger and moro -up-to-date factory. Tha balance-sheet showed that after making ample I allowance for fixtures plfiJit, and dfiprcci- ' ation, there remained a net profit of £7827. | Out of this amount tho directors had appropriated £2721 for income tas, wtuca left a net balance of £5102. The directors recommended the payment of a dividend o. 8 per cent, with 5 per cent, bonus to shareLfaoidem on purchases mad® during tne year.

PABKEE-LAMB TIMBER CO. Tho annual meeting of the ehareholders of the Parker-Lamb Timber Co., Ltd., was held at Auckland this week. In moving tho adoption of the report and balance-sheet the chairman referred to the very satisfactory results of the year's operation l ?, although the cost of production had greatly increased, and was still soaring', ho said, the present outlook of the company wss distinctly reassuring. A dividend of 10 rer cent, was declared. THE PRICE OF HIDES. (SPECIAL ao "THE PKE33.") AUCKLAND, June 3. Tho decline in the pricc of hides, which took place at the sales held in Auckland on Tuesday, was referred toj by Jlr E. H. Binney, of Auckland, yesterday. He said it was only natural that tho hide market here would move in sympathy with the world's markets. One cuuso of the most recent drop in prices was tho operations in Australia. The freezing works there were working, and this had the effect of restraining' Australian competition in New; Zealand, consequently operations on the local market were largely confined to the Dominion tanners. So far as Auckland was concerned, tanncra did not operate to any extent iit the hide and skins sales. At the , last sale no ox hides were sold. "A significant fact about the hide market," said Mr liinney, "is that when prices went.up leather advanced to ISd per lb, but now that hicjes have fallen 9d a pound, leather has "only been reduced by 5<3 a pound." COMMONWEALTH DUTY ON N.Z. OIL. (PRi:SS , ASSOCIVTION" TELEGRAM.) ' BLENHEIM, June 3. The Marlborough Chamber of Commerce tonight considered a letter from Mr J. A. Pcrano, of Tory Channel, pointing out that Australia was increasing the tariff on tho importation of all frsh oils from Id to 8d per gallon. This would soriously hamper the New Zealand whaling industry, as Australia was its chief market. The Chamber resolved to w'rite to the Minister of Customs, asking him to endeavour •to induce Cabinet to communicate with the Commonwealth authorities with a view to having the tariff r<J:luced, or a preferential duty placed on New Zealand oil.