COMMERCIAL.

Press, Volume LVI, Issue 16858, 11 June 1920, Page 7

COMMERCIAL.

SHARES. , LONDON, Juno 9. P. and O. (def.) —Buyers £445, sellers £463. LONDON "WOOL SALES. LONDON, June 9. At the wool sales prioes were unchanged. There have been heavy withdrawals of crossbred clothing sorts. Offerings tar the next two series will bo icduced to 90,000 bales at each sale. TALLOW. LONDON, June 9. At the tallow auctions 160S casks offered, but no bido were received. TEA AND RICE. SYDNEY, June 10. Indications point to a decline in the recent high prices ruling for tea. Two leading firms announce a reduction of 3d par For some time rice has been, practically unprocurable, but the position has been- relieved by the annual shipment. AUSTRALIAN MARKETS. SYDNEY, Juno 10. Oats —Algerian feed &i 10d to 7s, Ta»manian Gs lid to 7s. Maize—los3d to 10s 6d Potatoes —£12, Tasmania® £15 to ilb. Onions —Victorian £1C to £1G 10s, New Zealand £12 to £13. ADELAIDEj Jußo io. Oate—Feed Cs .3d. OXFORD MARKET. At the Oxford market yesterday 1958eheep were yarded, of whitfi 700 were fats. Export buyers were operating, and prioes for the fat sheep were good. Lambs sold up to 30s, prime ewea-mado 30s 8d to 355, ium weights 2<Ss to 295, light 21s 9d to 22a Gd, and wethere 28s Od to 37s 2d. Amongst the sales were: l — • „ Lnmbe —For J. Hicktand, 22 at 30s; H. Prkhard, 20 at 30s; W. Waterman!, 23 at 30s 4d. 8 at 24s 6d: A. Pavelka, 98 at 269 4d • A.' O Graham, 100 at 23s 9d. Ewes—A. Beere, 34 at 30s Sd; R Wotherspoon, 62 at 2Ss lid. 16 at 21s 3d; H. Pnohard 8S at 28s 3d; T. Pavelka, 18 at 21s 9d, T Inch, 12 at 22a 3d; H. Prichard, 9at 35s*; J. Higginsoa, 22 at 235, 8 at 34s 8d; D. Clark, 14 at 24a. • Wethers —F. Pavelka, 107 at 3<e «d; D. Clark, 17 at 33s 6d; J. Hickland, 10 at 2Ss 9d Store sheep sales:—9o four and eix-tooth ewes flt 25a 2d; 194 two-tooth owes in lamb at 26s 6d; 64 aged ewea, at 16s Id; 452 mixed lamb©, at 17a lid; 60 at 23s lOd; snd 26 at 21*. Jt '. ... A small entry of cattle end pig« sold, at ruling prices. MEAT EXPORT. In the course of his presidential address j to the Farmers' Union North Canterbury Provincial Conference yesterday, Mr D. Jones, M.P., said: — [ During the past year Victoria and New South Wales have exported four million carcases of mutton and iamb, and have in stare to-day 1,320,000 oa-rcnees only. Victoria has been snfl&ring severely from, drought, audi her flocks have fallen in two yearn from nineteen million to fifteen million, Neiw South Wales is suffering from one of the worst droughts in history; two yeairs ago nor sheep numbered 39 million—last year they fell to 31 million, and losses so far this yeair are on a heavier scale. The best authorities state that they are out of the meat oxport business for at least two years. HAYWARD'S PICTURES, LTD. The sixth annual meeting of shareholders of Hayward's Pictures, Ltd., ifl to be held .in Wellington to-day. Tho directors' report and accounts for the year, which ended' on April 10th last, disclose a very fmbataoftial | increase in tho results of the company s transactions, and tho directors etate th-at in this connexion tic improvement foreshadowed in the report of last year has be*m fully realised. After providing for income tax amounting to £6729 18s 9d, tho net profit for the year amounted to £11,536 ac 2d. The balanoe brought forward from the previous year was £7219 6s lOd, making a total available for appropriation of £18,785 12s. The directors recommend the payment of a dividend at the rate of 8 per cent per annum, absorbing £827'0, the addition of £5000 to the reserve, and the carrying forwaid of the balance of £5515 12s. STARR-BOWKETT SOCIETY. Tho Christchurch Starr-Bowkett Building Society held a meeting in the Caledonian Hall last evening-, for the purpose of disposing of two appropriations, one by ballot and one by sale. Tho ballot went to cluster 476, the shares being _ held by one member. The ealo resulted in £500 being sold at a premium of £51 Is, and £500 at/ a piemium of £40 per £100. CRADDOCK'S AGENCY 00., LTD. SALE REPORT. Craddock's Agency Co., Ltd., report that the fine quarter-acre section in Kilmnre 6treet, just, west of "Manchester street, which was passed in at £600 at their auction sale last Saturday, was sold by them privately yesterday. 1 CHRIST CHURCH STOCK EXCHANGE. LATEST QUOTATIONS. Buyer*. Sellers. £ «. 4. £ a. d. DEBENTURES— N.Z. Govt. 4J per cent. Inscribed, 1938 96 5 0 — BANKS— Australasia (fractions) 16 10 0 — New Zealand (New) (cum div.) .. — 25 10 0 i Union oi Australia .. — 13 12 0 i INSURANCE— j Xcw Zaaland .. 114 0 114 6 j Standard .. . • — 3 5 0 LOAN AND AGENCY— N.Z. Loan and Mercantile (ord. stk.), cum div. .. • — 110 0 0 N.Z. and River Plate — 14 0 SHIPPING— , Huddart-Parker .. 2 116 214 0 FROZEN MEAT— N.Z. Refrigerating (£1 paid) .. .. 2 7 9 2 8 3 N.Z. Refrigerating (10a paid) .. .. — 16 9, GAS— _ i Chrisichurcli ... .. — 615 0 BREWERIES— Manning .. .. ~ 4 5 0 Ward .. — 17 6 TIMBER- i Kauri Timber (fully pd.) 2 3 6 — MISCELLANEOUS— Beath. and Co. (Old) .. — 1 16 0 Bums, Philp (Sydney) rights .. 017 6 — I Colonial Sugar (Fiji and N.Z.. 6 percent. pref.) — 23 0 0 Eclipse Petrol (20s pd.) — 1 10 0 GlenmoTe Brick <fc Tile — 0 15 0 Mruon, Struthois (14s paid) .. OIS 6 3 1 0 0 Whitooinbe and Tombs 31G 0 — DUNEDIX. Sales on 'Change;—Huddart-Parker, 535; Dominion Rubber, -10s; New Zealand Goventtaent War Bones. 1538 (41 per cent), £96. j