COMMERCIAL.

Press, Volume LX, Issue 18218, 31 October 1924, Page 10

COMMERCIAL.

WOOL SALES. CHRISTCHURCH DATES. The first, two •wool sale? oi the sea-t-on • in ( : hrist church will be hold on November 29th. at 4 p.m.. and January .jth, at 9 a.m. Further dates -will be .arranged later. <»u in<z to limitation of lots it will he ne- <■ .-<ary toinerea.se the number oi baies per lot. -which will necessitate! increased jiitorlotting oi small clips. Three bale lnH raav still be included in the inain when ofi'c-rinjis permit, but in the absence oi definite instructions u. the <-onwary at the time o! <ronsigninis, wool, brokers reserve the iigiit to .•.roup throe-bale lots or under, or re-<-hiss if necessary. If not grouped, snr-h Jets a p.' liable to be. I)f>ld over. Brokers rlso reserve the right to jkjol or bin Hips oi up to six bates, where wool i.-' sent in by growers to lx» rec!as~ed. _\'o reserve will lx\ aercnted on group lots. ;irid any grower liot wishing his <dd bales grouped imist notify his hroker when forwarding his wool, in v. Inch ea-e mk-Ii bales will be offerwl as "Stars." fsrcciAr. to "rnr. press. 1 ') Ar('KL,\N'l>. October .30. Shearing, has commenced in most parts of the Auckland district in pro7»aration for the first \*ool_s;.!e of the season on December ."th. The majority of the flocks have, wintered well. iji.:t 't •'orul do.d of wool will probaUy be I'ainv light in condition -.is. the result of the wet reason. Kxjjorts consider the prospects excellent.-, and that the high prices ruling for all grades at the. i:iul of last season should at least be maintained. Many grov.em are applying to th<* brokers to have their wool 01-.i.ssed. which should result in higher prices. REAL ESTATE. OTAGO INSTITUTE. (special to "the press.") DUXEDLV, October 3.1. The annual report of the Real Estate Institute of Ota-go says values for city and suburban properties remain very firm and, generally spooking, are somewhat higher thnn they were twelve months ago. A considerable amount of residential building is in progress, also buildings for business and 'factory purposes. There is still a good demand tor vacant sites. The tightness of the money market has hampered business, to some extent. When we realise thai> the difficulties of exchange have made' the money market tight, and in addition that the Dunedin City Corporation raised in new loans .C 162.000 (nearly all subscribed in Dtrnedin) in the space, oi' twelve months, the volume of business done in real estate bears glowing testimony to the financial stability of this city. The house shortage * has forced many buyers on the market before, 'they would otherwise, have thought of buying, and as the lunoimt of money at their command has been small, the difficulties of finance have been accentuated. LONDON MARKET REPORT. " ———— ~ r (yaosi oim own correspondekt.) LONDON, September 26., Messrs Henry S. Fitter and Sons report ■(hat the present high prices now ruling for almost all descriptions of moat have had a considerable effect on the demand, -which has been greatly reduced. The weather, too, has been against trade, as it lias been veiy mild and dull. Over the week-end, however, it has turned cooler and ehowa signs of improvement. There lias not been a very good demand for frozen beef, but, as supplies have been ehort, prices have remained steadv. It is generally anticipated that shipments of chillfd beef will bo rather lighter between now and Christmas; should this happen, the prospects for better Xew Zealand prices are n:oro hopeful. The position of the New Zealand lamb market remains about the same, only very small quantities being now on offer, while there is little difference between the prices of first and second grades. Heavy Jambs are easier to obtain, but prices are being maintained. It is only by reason of the very short supplies that the market has been kept at its present level, for the demand has been cat down considerably. There is still a fair demand for New Zealand wethers, and prices have hardened somewhat, .supplies of light weights being more plentiful than heavy. Ewes during the middle period showed a tendency to weaken, but hive now recovered with the increased demand, which is probably due to the higher prices ruling for other classes of meat. The demand for pork continues to bo satisfactory, sad small pigs have made good prices. A few froaen pigs that made their appearance sold well, /as much ae 9d per lb being obtained for the beet. TENDERS ACCEPTED. (press association teumjiak.) October 30. The following tenders have been accepted by the Government:— Mangahao—Section 137, switch gear, Metropolitan Viokers, Ltd. (Metro-Vickers) £3704 fa, ci.f.; section 138, switch gear and'metering Napier truck type, National Electrical and Engineering Co., Ltd. (British T.H. and G.L Company), £7lO-ss, ci.f., Wanganuiironclad type, A. Eeyrolle and Co., Ltd'. (Reyrolle and G.E. Co.), £B4l e.i.f. Coleridge—Section 157, sashes and glass Briscoe and Co., Ltd., (Critalla), £l2l ci f ' Dunedin; 1775 ft steel piping and fitting,' A, and T. Lurt £1659; section 151 A, oi switches, A. S. Paterson and Co V,td (A.S.E.A.), £1747 7a, ci.f. Two 2 ton lorries—Westport-Karamea road Wimpenny Bros., Dunedin (1), £695 c i f ' Ley-land Motors, £BSO. ci.f. ' ' Hokitika Mental Hospital—F. and T Sothcran. £7848. Burnhaui Camp magasine—C.. Calvert £2087. WAITAKI FREEZING CO. The following is the report 1o be submitted at tho annual meeting of the Waitaki Farmers' Freezing Company: The directors have pleasure in submitting tho balance-slKet and profit and loss account for the period ended October sth, 1924. The continued drought prevailing in South Canterbury and Ota go from January onwards resulted in a considerable decrease in the company's output. The figures aro as follow (those in parentheses being for 1»33): Sheep, 17,760 02,541). increase 5219; lambs, 119.264 (180,199), decrease 60,935. Total decrease 55,716. The working account shows a surplus of £5113 4s lOd, out of which provision has been made for depreciation, taxes, and portion of preliminary expenses, as under: Depreciation on .budding* and plant, £3000; xeservt for Uses, .61261 Ua «£}»*««!} written off preliminary expenses, £aCO; credit Since to carry forward, £3s} 10s Id. Total, * Duri£ tS y«r Mr Hdbi. Milligaa resigned from thi, directorate, and Mr J. £ Austin of Maroakou, was appointed to nil th The a rS;g directors are Messrs Bobt W. T«&r Bob*. Hamilton, and Joseph Presto? •£' ofwtom are eligible and offer them•elves for re-election. TALLOW. Dalgety and Compaq. Limited have received the following cablegram, from their London office, dated October 29ta: "Tallow-At the weekly auction, 1310 casks tallow were offered, and 3oa sold. Prices are unchanged." J