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COMMERCIAL.

PRICE OF SUGAR. RETAIL PRICE UNALTERED. Word has ..been received in Christchurch to/tKe effect that the" Colonial Sugar" Re'finirig "Co.,' Ltd., of Auckland,; has reduced the ■wholesale: price - o J f sugar by 20s a ton. This works out at somewhere about one farthing a pound."'

. Approached yesterday with regard to matter of whether or not the reduction wo.uld.be passed on to the public, .-• Mr G. ■ .Williamson,' president -. of the . Christchurch"Retail. Grocers' Associa- : • tiort," said, he did not think local grocers - would reduce'• the retail price." -He pointed out" that the reduction in the ■ wholesale* price was almost negligible with regard to the pound of sugar. Most grocers had already cut their prices to allow of only the barest margin of profit, and he did not think they would further reduce their charges to the public in the instance of. the'new reduction.

BRITISH TRADE.

RETURNS SHOW IMPROVEMENT. (bedtzb's telegrams.) LONDON, November 12. ' An improvement in British trade for October is shown in the Board: of Trade . returns. ' ' '' The imports' were' £120,458,000; the ■ exports. £6B ; -586,000, ■ increases of .£19,563,000 and £5,303,000 respectively as compared with the returns for September.

(Received November. 13th, 7.40 p.m.) LONDON, November 12. British trade during October, accord- . ing to the Board of Trade returns, increased in value by £20,530,840 compared with a year ago; but exports decreased, by £2,736,293, while re-ex-ports ihfereased by £1,784,528. The principal increases in imports were: — £ Grain and flonr .. .. 5,419,321 Non-dutiable food and drink 2,344,585 Wool' .. .. .. 2,025,021 ' Other textile materials .. 1,035,098 : Oils, fats," andresins .. 1,301,572 Iron and steel manufactures 938,027 Baw cotton .. .. 854,682 The principal decreases in exports were:— : £ Goal .. .. .. 2,617,821 Iron; and steel .. . .. 135,925 »,Woollen manufactures .. 359,257

WOOLLEN INDUSTRY.

REVIEW BY SIR JOHN ROBERTS.

(SPXCIAIi TO "THE PEISS.") • ' DiUNEDIN, November 13. The position of the woollen industry in the; Old Country and in New Zealand .. .was fully covered by Sir John Roberta v ; his address at the annual meeting of the Mosgiel Woollen Co. „, ."During my stay in the Old Country," * he saidj. VI nad-the opportunity of inspecting one of the leading mills in the; s6p,th of Scotland, arid I am glad ' to _ riegorfc that'she IklosgieV . mill is quite ug-to-date in all' respects. : I regret to say teat during the .early part of la£>t year the mills in the south of Scotland were by no means.well employed, and most of thepi were working only half. time. During the latter .half of the year orders came in more \ freely, and many of the mills. resumed working full time.' ' "The New Zealand mills have not, -on the whole, been too well supplied - with orders'during th 6 past year, and . some" have been, obliged to cut down > their, working, time. This slackness of . work!for. our mills has, I.think, been caused, by the very .large increase of lpw-priced imported woollens, and also $o some , extentby the mild winter , .which , we ■ have .experienced. The \; very , large-imports of woollen goods, howev6r, hava undoubtedly been the main cause, of • the smaller demand for the locally-made article. ■ .* "The larger importations are mainly the result- of.~ great financial stringency iri the Home Country.lnLondon many /of'/the woollen warehouses have been . roiripeUed to arrange with {heir creditors)' and pay in 6ome oases less than 10s in £l, ;and'. eyen this payment .is made ,only over a, considerable period. There-is no doubtthat; the very sudden'drop -in wool values which ... took place in 1921 was the, cause of much of the trouble, as it /: caught merch- . ants "with ; heavystocks bought during the- hieh wool; prices of 1920. ' "An idea great , fluctuations in wool jvalues may be gained when I' mention that in, 192Q the clean-scoured cost. of- merino wool to .mills in New Zealand was 47d, whereas, in 1921 the cost . .was only 33d, and! in .) 1924 it rose io 55d; It can.be understood that these . extreme fluctuations of values makes it somewhat difficult for; the mills to «arry on. their • business. "The increasing cost, of wool is going '' • to make -business more> difficult for the -, New Zealand manufacturer during the coming year'.. , I think, however, thai in view of the very small book cost of mill and machinery, it will be advisable to reduoe in the future the allowance 1, f6r 'depreciation, and .this will assist in securing the amount required for distribution as a dividend."

BANKRUPTCY FIGURES.

; / (BPXCUX. TO "THE PEBSB.") . WIHXINGTON, November 13. - The bankruptcies registered in October show a pleasing contraction, the total for the month being 38 against 65 in September: and 64 in, August. .Last month's figures were lower >than in Any- previous month of the year, except January, when there were 37 bankruptcies. In October last year the. bankruptcies numbered October, 1922, 69, and in October, 1921, 33. For the ten months of this year the bankruptcies totalled 563, as compared with 556 in the corresponding term of last year, and 596 in 1921. ' Once; again farmers account for the larger proportion of the bankruptcies,, their number accounting for 129, or about 23- per cent, of the total. Other contributing sections were labourers 53," motor trade 26, builders 24, contractors and agents 18 each, and carriers 15.

CANADIAN WHEAT CROP.

AN OFFICIAL ESTIMATE.

'(BBUTEE'S TELT.QBAKS.) Kovelnber 13th, 8.30 pan.) fes&jKjS-r', ; -.< OTTAWA, .November 12. Bureau of Statistics estimates wheat crop of Canada at bushels, v or 20,000,000 tho last estimate.: • for last year was

WELLINGTON LOAN. SATISFACTORY TERMS. Ofncut'ti "tei fßisi") WELLINGTON, November 13. The five pet cent.Wellington loan was •floated at £9B, the full Amount being . par'on December Ist: The' Mayo r' expressed "his satisfaction ■with the terms. The loan had not been underwritten. Had it been underwritten in the ordinary way, carrying the usual expenses, the terms which" the Corporation had received would have been equivalent .to 5 per cent, at £99 7s 6d, ; only 12s : 6d off par-. The very satisfactory result had been brought about by the excision of underwriting charges, ; -brokerage, • and advertising expenses, the saving brought about by the course adopted being-£l'7s 6d per £IOO. "The last Corporation loan, 5} per cent, at £99, was considered a very favourable negotiation -at the time," said Mr Wright, "but the present loan conditions are well ahead of those, for the percentage is lower by one-quarter, and in addition the issue is 7s 6d better per £IOO. It shows that the credit of Wellington city stands very well indeed in the London market. As far as I know at the moment, this is the most successful loan floated by a New Zealand local body during recent years! The rate compares very, favourably indeed Avith those 'of many Australian State loans." • It was the intention of the Corporation to offer also the Karori (£88,000) and Onslow (£95,000) waterworks loans, at the same "time on the London market, but these-,issues, Mr Wright explained, had been held over for a month, as the dates of interest' payments on the main , loan ' and these smallfri* amounts would not be same, and for that reason, 'apparently, it was not'considered wise to includue them in the main prospectus. The £387,000 balance of the main water supply loan of the 1920 proposal (£561,943) would be largely accounted for by the Orongorongo-Karori main, say £ 130,000, and .the completion and concreting of the Oronogorongo tunnel. AMENDED TAX ASSESS-; MENT. '

UNION S.S. CO.'S APPEAL. . SYDNEY,, November 1.3. The Union Steam Ship Company, Limited, has appealed to the High Court of Australia against -{he assessment of income tax • for the financial year commencing July Ist, 1918,' which -was based upon inoome. derived during the year commencing April Ist, 1917.

.The total taxable, income was fixed it £91,331, In 1921 the Commissioner of Taxation, by notice of amended assessment, reduced the deduction in, resect to dividends, making the earn' of i' 99,053 taxable, and claimed,tax on' the difference between that and £91,331. The company duly- paid the •adlditional sum .and. objected to the amended assessment. Judgment was reserved.

FRUIT EXPORT CONTROL.

PREPARATIONS FOR POLL. Preparations, ar? being macte' by; the Horticultural Divisioii 6'f the Department, .of Agriculture 'for the' polis to be taken under the recent .legislation in regard to the export and control of fruit and honey. : The Act provides that the poll of producers upon the question whether fruit / control shall be put into operation - shall be taken before' Decenjher 31st.; The rolls are now being the. .poll,, will, prpbibly do. liglcL about - Decptnlier ,15th, ' will allow sufficient- time before Christmas for the votes to-.be. ;<xmnted.- The'.poll for the establishment of - Control ; Boards' wil 1 • take place/in February., Some' matters "still require to be cleared up in . respect to the conduct of voting. For instance, the .Act provides, that-, registered companies, partnerships, and co-operative societies shall- be allowed one vote—the - same as a single orchard. Any such firm, on voting,.. may nominate some person'.''to vot'e,foi it, and it is -a question: of ensuring : that the "ballot paper is-- dispatched ; the; right/ quartet . The Honoy Control poll will be ta&en some time in January. • ,

BUSINESS BOOM.

AMERICA'S FORWARD MOVEMENT. : ' . (Reoeived /November : 13th, 10 p.mi) NEWi/YORK, November 12; The tremendous movement -upon the Stock Exchange and in the markets for grains and cotonodxtiea generally continues Hp&ce. On 'Change 11,67f,(i.00i shares was the turnover for\the past five days, while 60 representative shares showed . & net gain of over'four per cent. Railways- and industrial shares /displayed .the greatest advance,.-in some oases exoeedilig 10 per cent.The money market, oimocalv, has dropped from two and a half to two per cent, for call money.

The United States Steel Corporation , announces:. that its unfilled', orders amount to 69,000 tons more than at' ainy other .time since the.- war. • V". Wheat, maize, and other cereals ehow ontinued gains. . Mr' Mitchell, President* of 'the National City Bank, commenting <>n this, post-election Restored business! confidence, says: "The prosperity ahead, which is- manifest in'itself, does not carry with it th«> dangers thai post-war inflation- brought. 'lt- will ■be of steady growth, and will, be based on e general business , ' ■Foreign . exchange has reacted a 1 little, but etill continues to. advance", 'With the'exception of- sterling. - AUSTRALIAN MARKETS. (Received November 13th, 10.40 p.m.) SYDNEY, 13. Oats: Tasmanian Algerian 4s'2d tb 4s 4d. a bushel. . ..„ White: Giants'4s 7d to 4s Bd. . . Maize: Yellow 3s, Ud, white 3s lOd. : Potatoes': Old. £5 -to £6 a ton, new JPMOs to £B. Onions: £3O! to £35 a.'ton. ' November 13. . Oatt: '2e 6d. , ' WHEAT. •••' (Received November 13th, 8.30 p.m.) • .. CHICAGO, November 12. Wheat quotations are: : December 152J oerits a bushel; • May -159| cents; July "139 i cents. HIDES. (Received November 14th, 12.20 a.m.) ~ MELBOURNE, November 13; At. the hide. sales, bidding was animated. Extreme lights and kips advanced a farthing a pound; others were j^ra.

PRICE OF BUTTER. A FURTHER REDUCTION. Onus# uutaiuc.) • . ; AUCKLAND, November 13. The prioe' of butter has been reduced Id per lb the new wholesale and * retail rates being: Superfine la 6Jd to Is 9d; first grade Is 6d and Is 3d; second Is Sd and Is -7d.

SYDNEY WabL SALES. (Received November 14th, 1.10 ajn.) ■ ■'-SYDNEY, November 13. At the wool sales, there.wap. a. very; keen demand' for; all wools of good length showing quality. • Broken fleece; ; bulky pieoee, bellies and lamba' wool all reached- the highest point of . the seasdn. Comebacks--and crossbreda were veryfirm 1 at late, improved rates. - Greasy pierino : reached "45d, the seaeon's record. NecksalsO: realised the record ... ..

MEAT PRODUCERS' BOARD. SUPPORT FROM BRITISH PRODUCERS. (*&OX ODB OWH COEKEBPOKDZST.) •LONDON, October 7. In the current number, of "Production," the journal of the British Empire Producers'*. Organisation, the work of the New Zealand Meat Producers' Board is held up as a striking justification of the policy .of the Producers-' Organisation. '' Co-operation amongst producers,'' says the writer of one of' the chief articles in the number, "is not only necessary now for the purpose of- finding markets, but for improving the methods of marketing in order to free the individual producer from" the opera-tions-of speculators, and so.enable him to set a fair market price ftfr his output. The great industries of the Dominions have grown up by the individual efforts of producers who have been selling under their own brands, and selling and shipping in small parcels as. opportunity offered, and gradually the speculator, by manipulating prices, has taken an ever-increasing share iii the profits of industry. Co-operation is essential to ensure to the producer a fair market price as is established by the law of supply and demand, and to enable him to ship in larger parcels and thus secure.cheaper freight rates, .and also to prevent market gluts, which were inevitable under the old system.

" A successful example of what, can be done in this connexion is the New Zealand Meat Producers' Board, the second annual report of which has just been issued. When this movement was mooted some three years ago, the British "Empire Producers' Organisation supported it, , and urged , the New , Zealand ' farmers to adopt, the scheme as being the best method of ensuring a good return from their produce. We were met by violent protests from the vested interests in the trade in London, and there followed a number of resignations from membership of this organisation. We .stand all the time for the producer, and.the justification .of our attitude in this matter is shown by this annual report referred to." The writer goes on to refer to the various activities of the Board. "It is interesting to note," he says, "the\uniformity of prices realised on the Smithfield market during the last two seasons since the Board has been regulating shipments, particularly in the case of lamb, there being very little fluctuation from one month to another. The regulation of shipments, besides being an advantage to the home trade and a great gain to the Dominion, is also of immense value to the shipping companies, which are advised by the Board at regular intervals ahead as to the amount of tonnage required for each month. , This places the shipping, companies in the position, to work their vessels to the most economical, advantage."

SOUTH AUSTRALIAN WHEAT CROP. (SPECIAL TO "THE pmss.") " DUNEDIN, November 13. An • Adelaide man now visiting Dnnedin .says that South Australia , has had an Hncqmmon tainfall, and that there will be a phenomenal yield of wheat. If present indications are fulfilled, "the question will he how to get.tha. crops harvested. The vintage outlook •is also exceptionally promising.

CUSTOMS DUTIES.

FIGURES FOR THE QUARTER. Orb S3 ASSociiTioir raudiu,) ' WELLINGTON, November 13. Following is a return of Customs. Duties collected in New Zealand for the. quarter ended September 30th, 1924 ■ < " 1 -• • r Corresponding Revenue. Qr., 1923. - £;. ■ General Tariff 1,150,172 British Preferential ' .Tariff - ... ' ..' 737,872 611,169, Soutli African" Tariff .. 2,280 2,566 Primage • .. .... 124,761 97,039 Special duty on goods from oountries having depreciated currency . .. 4,796 1,270 Grand, totals '.. 2,119,216 1,771,016 The Excise Duties for'the same period were ae.follows: • Corres- - ■ ' ponding Revenue. Qr., 1923 £. ■' £. ' Beer y.', 146,424 128,656 Tobacco .. .. 3,146 >. ' 2,264 Cigars and ennff ... 428 ' 306 Cigarettes manufactured by machinery 17,961 19,147 Grand totals ..167,659 150,363

GOLD. (BY CABLE—PEESS' ASSOCIATION—COPYBIGHT) (at jstbaiiak and n.z. cable association.) (Received November 13th. 7.40 p.m.) LONDON, November .12. : The", price of ■ gold is £4 10s 2d art ounce. . - ; ' SHARES., ■■ \ i . ■ ———■ (Received November 13th, 7.40 p.m.) LONDON, November 12. Waihi: 26s 9d. EXCHANGE ON NEW YORK. (Received November 13th, 7.40 p.m.) LONDON, November 12. New .York exchange rate fell steadily all 'day to reach 4.591, duo to operations of speculators. ' . LONDON WOOL SALES. Dalgety and Company, Limited, have received the following cablegram from their London office, dated November 12th:—. "Wool Sales—-The , list of arrivals foT. the sales closed on the 10th instant. The following• quantity will be available:—Australian," 55,500 bales:; -New Zealand, 20,000 bales; Cape, 1500 bales; Funta. Arenas, 4500 bales and 37,000 carried forward irom last sales.

CALCUTTA TEA SALES. (BY CABLX—-PBESS ASSOCIATION-—COPTBIGHT) (AUSTRALIAN .AND S.Z. CABLE ASBOCIATIO*.} (Received November 13th, 7.40. p.m.) CALCUTTA, November 12". At the -tea Bales a strong demand prevailed. Pricea were irregular for poorer classes, but those showing quality • advanced by from aii pdes to . one anna a pound, prices ranging from 13. annas. nine pies .average for commonest leaf to o"ne rupee 'one for ordinary common Pekoe. TALLOW. (Received November 13th, 7.40 p.m.) - ' LONDON, November 12 At the tallow sales 842 casks'were offered apd 814 soli, Pricea were up 9d "per cwt all round. • . r

Dalgety and Company, Limited,' have received' "the following ."cablegram from their London office dated November 12th:—-

"Tallow: At the weekly auction 840' casks were offered and 810 sold. Prices are 6d to Is higher.- Fine "mutton tallow., sold to-day at public auction-- at 52s €d, -beef at 53s 3d, andlow jnutton'talloviat 45a."

AUCKLAND MARKETS. (special to "the pbms.") AUCKLAND, 13. Grocery houses report steady increase in turnover. Hardware 13 steady with good demand. Potatoes—As predicted a week ago, prices for old potatoes are very fiftn, only a email quantity being brought by the Wingatui from the South, and these were all sold ahead. .for delivery from the vessel's side. Some local merchants are of opinion that owing, to the "partial failure of the" early crop of potatoes at Pukekohe this season, old Southerns" will be wanted for another week or two, which means' ;of course that' high prices will rule. In some paTts ot Pukekohe the early potatoes are digging out all right, but in other placc3 the crop has been seriously, damaged by blight, which necessitated digging "up the tubers before being well grown. The recent heavy rains in Canterbury. are reported to have washed out some of the earlier planted lots -of potatoes. ■ Australian re-pickeij are quoted at £~ per ton, and Southern whites at £ll per ton.

Onions—Owing to enquiries being received from all over the Dominion, as well as from Australia for onions, heavy sales have been made by. Auckland merchants from stocks in store at higher prices. As high as 40s per crate has been paid for good samples of onions. The Makura only brought a small shipment of Canadian onions for Auckland, a;nd portion of these were resold for shipment South. : The next lot of onions to reach this market will be brought by the Niagara, due about December Bth. A 9 it is nowgetting late in the season, this will probably be the last lot brought over from Canada. The only other source of supply 'is Melbourne,- where new season's Globe onions are now quoted for early shipment.- Thero is, however, an element of risk in iipporting Globe onions so early ,in the season 'as they may not yet be Sufficiently matured to stand the trip across to reach here in good' condition. Thq local crop of onions is-shaping" very satisfactorily, as the hot, sunny; weather was just what was needed. Canadian are quoted at 37s 6d to 40s a case.

Maize—The market is very, firm, as no supplies are corning from tb(e Coast. The quotation is 7s 3d per bushel.

Oats—The market remains steady at late rates, but little business is being done. The market is still supplied with oats imported from Canada, but stocks are now running down, and it is. quite likely, in the absence of further. importatVas, that oats will be very scarce beforo the new crop in the Dominion is ready for the market. Some Australian grown Algerian feed oats have been brought' across, but feeders here prefer to pay higher prices for white oats. Canadian feed are quoted at 6s per bushel, Victorian Algerian feed at ss, and Algerian seed at Vs. Chaff—Shipments of chaff by the Kaiwarra and Kaikorai are being rapidly used -up. Tasmanian advices are to the effect that ■ the bulk of the shipment of chaff on board the Kairanga is for "Wellington, the proportion to come to Auckland being very email. The next lot is to leave. Devonport by a vessel on the 21st. In the meantime store stocks here are'rather light. Victoria is quoted at £ll per ton in sacks, Tasmanian at £lO 10s per ton, Victorian compressed £9 10s per ton, and Blenheim £l3 'per ton. Wholesale current prices axe—Superfine* quality creamery butter la B|d per lb booked, prompt cash Is 7Jd per lb, first grade factory, booked Is 7£d per lb, cash Is 7d per lb, second grade Is 6£d per lb booked, Is 6d per lb cash, farmers' separator Is 2d per lb, cheese 3d to 9Jd per lb, bacon and hams Is to Is Id per lb, bacon sides lOjkl to lid per lb,. lard in bulk lid. to Is per lb, in pits la to Is Id per lb, flour £l7 6s per ton (less 2£ per cent, discount for 2001b sacks), sharps £8 per ton, bran £7 per ton, oatmeal, local (26's) £33 5e to £35, Southern £33.

ASHBURTON MARKET. Business generally in the grain and produce trade is very quiet. Oats—There is an Occasional demand, for feed oats, and to-day's value is about Es 3d to Ss 6d on trucks. Chaff—The demand, for chaff is very quiet, but supplies are limited, and it is doubtful whether (there is . sufficient to see farmers over -until harvest. To-day's price is about £7 6s per ton, sacks supplied. Potatoes—At the present time potatoes are firm, owing to supplies beooming exhausted. There are no whites offering, but an occasional email line of DaJcotas has been offered during the week, it can be said that, go far as this district is concerned, the potato season has finished. There is a -strong enquiry from the North Island, owing.- - t<> blight beings, prevalent, in the "iiew potato crop's. Ijakotas are worth £5 per ton on trucks, while whites are nominally quoted at £5 10b.

Seeds—The seed market generally is'. very quiet. Red clover is firm at from 8d to 10d per lb according to quality. Cocksfoot is fetching 3d to 9di per lb on trucks.

J SOUTHLAND MARKETS, (BPBCUX TO "THB PEEBB.") " ' INVERCARGILL, November IS. . Oats—About the only business being done is retail business for feed purposes There is sbme enquiry, for oats for delivery next season, but at prices rather less than-were obtainable a week or two ago. Today's value for B Gartons, ■ spread from April to September next year, is 3s Bd, f.0.b., s.i. ."Wheat —The market is bare of local wheat, and supplies for tho retail busine&3 are being: drawn from outside sources. , Chaff— Occasional lines sro being offered. Prime i 3 in demand at up to £7 6s per ton, 0.t.c.6. Merchants have' sufficient stocks to supply requirements for the present. Ryegrass—There is,very little doing- m ryegrass/ The market 'for shipment has eased Bomewhat during the last week or two, but it is anticipated that the ; whole of the surplus stocks will be regained before next season's seed' comes on l/he market. There are- some enquiries- for ryegrass for delivery when Beat season's . c:\op comes on the market,, but. buyers' prices are . below local merchants' ideas. The latter"' would probably be prepared to do some business on the basis of 6s 3d to Ss 6d, while the best price buyers have indicated-is about 5s 9d f:o.b.s.i. Potatoes —The market for old potatoes- is drawing to a, close. Prices to farmers are nominally about £i 15s to £5 per ton. Fruit—Very heavy supplies of cherries have reached the market during the week, and prices are ruling much lower than usual at this season.. The . same applies to hothouse tomatoes. The first strawberries 'of the season arrived and realised satisfactory prices. ; Apples' are in short supply, also dessert pears. Wholesale prices are—Cherries lOd to Is 3d per lb, strawberries Is 7d to 2s per . lb, Chrietchurch tomatoes 2s 4d to 8s per lb, apples, Sturmers to 22s 6d. per case, Rome Beauty 22s 6d, Orange Navels 283 £id,- Valencian to 245, lemons 265, bane* naa,_,ripe to 455, green to 355,. Fiji pines to :235.

WESTPORT COAL COMPANY. . ■ The 43rd annual report of the Westport Coal Company, Ltd.. shows' that-the profit fdr' the year, aifter making provision for bad and doubtful debts, depreciation, and all charges..amounts to. £"2,7,701 2s 10d, to which must be added .-£9429 lis lid brought forward from, last yaar, making a "total of £37,130 14b 9d Deducting the interim dividend of 6d per share, making £11,250, there is. left.a balance of. £25,830 14s 9d, from which .the directors now propose to pay a dividend of 9d per share for the half-year ended September 30th, and to'carry forward to next year's account £9005 14s' 9d. Owing to the satisfactory state of the insurance fund, it is proposed to pay a bonus of 3d per- share from this fund. The mines and plant ihavei been maintained in the. usual state of efficiency. Mr James Begg was elected director, to fill the vacancy caused by the death of Mr J. C. McGeorge. Messrs Denniston and Crosby Morris retire from the" Board in terms of the articles, but. being eligible, offer themselves for re-election.

CHRISTCHURCH STOCK EXCHANGE. LATEST QUOTATIONS. Buyers. Sellers - .

OTHER EXCHANGES.

(PBESS ASSOCIATION TEUSOEAKS.) AUCKLAND, November 13; Sales—New Zealand Insurance, 1939, £97 10s; Bank of New Zealand. 59s 6d; ' .Union Oil, 2s 3d: Moanataiij, 2s 3d. • WELLINGTON, November ■ 13. Sale on 'Change—Union Bank of Australia fractions, 9s. Sale Reported—P. ajid O. (deferred stock), ,£305 (cum div).

HOME MARKET REPORTS.

(vboic oca owir cobbbspondeht.) LONCON, October 9. Messrs W. Weddel and Co. report that in .the present series of wool sales- the best merinos, under strong general competition, are quoted 15 per cent, over July rateq,- but faulty greasy, and scoured are irregular. Greasy crossbreds have also improved and are Id per lb up since the opening day. Slipes have been in very plentiful supply, and have sold readily under strong competition at an advance of lid- to 2d por lb for fine, and Id for medium and coarse qualities over opening rates. The. Home trade and France axe .the. chief operators. Germany, is' buying a little, "but Arxieiica shows' no. inclination, to operate. Too sales will close on the 15th mat., and as it present arranged, the sixth and last seriea will open on November 25th. .

■ New Zealand hides are firmly he-'d. but there is a fair enquiry. Stooka'are very loiw. -Since our last 'report the tallow market has continued firm, with spot ■ and neai-at-hand material selling to best advantage. At the auctions held during tke fortnight 2517. casks were offered, and met with good, competition, 1913- being sold. Values can. be quoted as "unchanged, with the exception of iofprior sorts, which sold up to 1 . 6d par. cwt dearer. A fail? demand has also been experienced for material for shipment, some., business has tieen possible in. Australasian -good mixed; maiily to the Continent. . This is now quoted a<t 46s 6d to 47s per cwt c.i.f. Stocks of New Zealand tallows at origin are .practically exhausted, and. in • consequence i little business has been possible. . Olea products meet with a limited enquiry only, mainly for. spot stock's. Extra, beef premier jus, for' October, November' and December shipment, iff offered at 56s to 67s per cwt without evident interest to • consumers. - i

The market continues firm', for all kinds (of canned beef and mutton, corned and boiled mutton being very scarce. Several packers have advanced their prices for corned. beef, and there .is oertaiuly more active ■ demand. Ox tongues all, sizes are .in poor demand, and stocks in hand are fairly heavy as u. result of the comparatively small' trade in the summerj' large due to the abnormally wet, weather. Sheep tongues' are but trade is very slow. , Similar factors* to those referred to a fortnight ago continue to dominate the .butter market, namely the further sharp advance .in the Danish quotations' together with the continued-•short - supply - of best quality , butter -on offer . from all other sources. ' Although the actual throughout has been on-,- the quiet side, quotations all round Kfcve advanced considerably. This, also' applies to the _retail counter, although not to the same . degree, and when present stocks, which are understood to be small, are exhausted further , advances will have to be made by the ietailer in order 'to . meet current , market values. - ... . . • During the past fortnight there is only the arrival of the Port Hunter, carrying about 19,000 boxes oi New Zealand butter, to record. Although the demand can ooly be described as -quietly steady, the-.quantity on offer is so. limited that quotations fcrve advanced fully 2s to .4s per cwt since our last 'report. Unsalted is still very scarce. During the past' -fortnight there .was trade passing in cheese and quotations advanced, but towards- the close the demand has - eased, off again,V and • quotations .are slightly lower. Canadian cable offers, have also been higher, ranging from 95b to 36s per cwt o.i.f. for best sections. ~ ■ Meat Market. Messrs Henry-S. Fitter - and Sons report that trade has been very sluggish throughout the past fortnight, the. present .prices being too high to encourage buyeia to purchase more than 'their barest needs.'The game arid pork season "is now in full swing, and this still further reduces -the demand for mutton, and beef. To those who are .fearful that Smithfield Market may. be -losing' its value as a meat-distributing centre, the following . official figures;; which constitute a record, should be reassuring. Th© supply of' meat and like produce to the London Central Markets, durirfg; the- nine months ending September aggregated. 357,116-.tons, as against 343,084 tops in . the same period last-year—an incetrase of 14,302. tons, imported supplies, apart from produce- originating in Ireland, formed 79,2 ; per cent, of the total quantity of produce marketed. British* and Irish sullies, aggregated 74.174 tons, or 20.8 per cent, of the total supply.; New Zealand and Australia, 7»,W2 tons,, or 19.6 ,per cent.; South America, 173,402 tons, or 48.6 per cent.; Holland and other countries, 39,439 tons, or 11 per cent. These figures speak for themselves. -. i Supplies of Argentine chilled beef have I been rather light, eo that fair prices have i been maintained, although at times it has been difficult to clear stock® late in - the dav As anticipated in our last Teport, thee* is a better feeling for New Z ®^ la beef and with an demand On the Continent, supplies rachmg London within the next few weeks should meet lambs are now solely governed by weights regardless of he qt.nlAy, the smaller ones being very hard to cu tain while the number B's are more plan ..ul. tam, wuuo • oU ite unnai.ual rirJuiMtances only brought* about by the shortss.". cl iisv; «.«**•■ l There has been a good demand, for frozen wether mutton, although the higher pnee of Se emaHer gr'ades Ewes are not much wanted, but .a. better -demand is anticipated before The unsettled weather caused thepricea of pork to fluctuate consideraply, but on the whole a good trade has "Prim© 2sew Zealand, pigs of about 100 p , Wght are making 3d per lb on the market.

£ s. d. £ 8. d. N.Z. GOVT. DEBENTURES— 4£ per cent. Inscribed, 1939 . . 97 7 6 _ 4| per cent. Bonds, 1930 97 10 0 5J" per cent. Inscribed, 1933 .. per cent. Bonds, 101 5 0 101 15' 0 r - 1933 .. 101-5 0 _ OTHEK DEBENTURES— Christchurch Drainage Si per cent. . 98 10 0 . N. Canterbury Hospital 5J per cent. 98 10 0 N.Z. "Breweries Bon3s — 1 1 10 BANKS— Australasia • — 13 5 0 Comm. of Australia .. — 1 11 0 National of N.Z. ~ .. 6 12 6 6 13 6 New South Wales . .. .— 41 0 0 New Zealand — 2 19 6 Royal (£1 paid) 1 13 6 ' 1 14 0 Roval (£-4 paid) —' 616 0 Union of Aust. (cum rights) 13 15 .0 14 2 6 Union of Aust. (rights) 2 1 0 2 6 6 Union of Aust. (fractions) — 0 10 0 LOAN AND AGENCY— Goldsbrough, Mort 2 6 9 2 7 6 Goldsbrough, Mort (new issue) .. ... — 2 6 6 N.Z. and River Plate — 1 0 0 frozen MEAT— Canterbury — 14 5 0 N.Z. Refrigerating (pd.) — 12 0 N.Z. R-efrig. (con.) .. 0 10 9 0 11 6 WOOLLENS— Kaiapoi (ord.) . —' 0 IS 0 COAL- • Westport (cum dir.) .. 1 16 6 GAS— Christchurch' .. .. 7 13 0 1 15' 0 CEMENTS— Wilson's (cum div.) .. ■ 1 11 0 MISCFLLANEOUS— Beath and Co. ■.. I'-12 0 ElectTO. Zinc (pref.) .-.: . 1 7 3 " — Hume Pipe (Aust.) .. Mason. Struthero (lOs 0 15. 6 . — plaid) ' — .0.11 6 ' N.Z. Drug • Co. (cum rights) .. . : — 3 6 6 N.Z. Fanners' CS=op. (£5 paid) 1 10 0 — N.Z. Farmers' Co-cro. (6$ per cont.. stock. 1935) ... 73 0 0 — Whitcombe and Tombs — ■ 3 11' 3

Permanent link to this item
Hononga pūmau ki tēnei tūemi

https://paperspast.natlib.govt.nz/newspapers/CHP19241114.2.113

Bibliographic details
Ngā taipitopito pukapuka

Press, Volume LX, Issue 18230, 14 November 1924, Page 14

Word count
Tapeke kupu
5,393

COMMERCIAL. Press, Volume LX, Issue 18230, 14 November 1924, Page 14

COMMERCIAL. Press, Volume LX, Issue 18230, 14 November 1924, Page 14

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