COMMERCIAL.

Press, Volume LX, Issue 18238, 24 November 1924, Page 10

COMMERCIAL.

CHRISTCHURCH -STOCK ■ EXCHANGE. *

FRANCE TO RAISE LOAN IN U.S.A. (renter's telegrams.) (Received November 23rd, 5.5 p.m.) PARIS, November 22. The Chamber of Deputies adopted a Bill authorising the Government to raise a loan through American hankers, the Morgan--group being mentioned. The amount is one hundred million dollars arid the interest seven per cent. AUSTRALIAN TARIFF. (r.yXTKP.'s TELEGRAMS.') (Received November 23rd, 5.5 p.m.) LONDON, November 22. Sir Philip Lloyd-Greame, President of the Board of Trade, meets representatives of the Federation of British Industries on the 25th inet. to discuss Australian tariff changes. COMMISSION OF ENQUIRY. . '.(belter's telegrams.) (Received November 23rd, 5.5 p.m.) LONDON, November 22. It is . officially announced that the Government has decided to appoint a Royal Commission under -the chairmanship of Sir Auckland Geddes to investigate the disparity between the prices received hy producers and those paid by consumers in respect of articles of food for general consumption. ' ;? ENGLISH MARKETS.

(»T CAILS —PSIS9 ASSOCIATION —COPTHCW) (AUSTRALIAN AND S.Z. CABLE ASSOCIAHOW.) (Received November 23rd, 5.5 p.m.) LONDON, November 22. Prozon Mutton—Canterbury, light 9d, medium 9d, heavy BJd; North Island, light BJd, medium Gjd, heavy B|d. All the »Wvo are nominal. Ewes 7Jd. Argentine, lignt 9d, medium BJd, heavy 7ld, ewes 7Jd. Frozen Lamb (all -nominal) —Canterbury, light 1313, medium 13id, heavy 12Jd, seconds 12Jd; , selecteds,. light 13$ d, medium 13d; North Island, firsts 13d a seconds 12Jd; Australian, firsts (Victorian) 13d, others 12Jd, seconds (Victorian) 122 d, others 12Jd, thirds 123 d; Argentine, firsts, light 13d, seconds 11WFrozen Beef —New Zealand, fores 4Jd, - hinds 5Jd; Australian, crops 4id, hinds 4Jd; Argentine, fores 4|d, hinds 6d; Uruguayan, fores, 4fid, hinds '5Jd; chilled Argentine, hinds 72d: Uruguayan, hinds GJd. Cotton—The' Liverpool quotation for American middling upland, December delivery, "is 13.36 d per lb. Rubber—Fine hard para 17£ d per lb, plantation first latex crepe 17id, smoked, ribbed sheet 17Jd. _ Jute —Indian native, first marks, Novem-tor-Docember shipment, £4O 12s 6d per ton. New Zealand Hemp—November-January shipment, £4B p«r ton. ' . • Copra—South -Sea, ba-gged, Octooer-Novem-ber shipment. £29 per ton. Linseed Oil—£46 per ton, equal to 34 BJd per gallon. . Turpentine—4s Gid per gallon. Antimony—English £65 10s to £66 per ton, foreign £55 to £57. APPLE EXPORTS NO AUSTRALIAN BOUNTY. No bounty-is likely.. to he granted' by tho Australian Federal Ministry to apple-growers this yeatv -Senator "Wilson, who is in chaise of assistance- to markoting, has received a> cablegram Irom tho High Commissioner in London, Sir Joseph Cook, stating that between 40,000 and 50,000 cases of apples were bought on the open market, in Lomlohthis year for Gala at' Wembley at" an average cost of 16s lOd ar oase. Allowing: a liberal estimate of 8s lOd a case .for the cost of placing the apples on the English market,, groweis were lift a return of Bs_ a case at the tree. ■ firowers recently informed Senator Wilson that tho industry would be profitable if they were assured of •?. return of 4s a oase at the tree. If the Wembley Exhibition ie reopened next year it is estimated that 100,000 cases of apples could be sold. feMITHFIELD MARKET; (ntISS ASSOCIATION TBLUMIAJC.) WELLINGTON, November 23. The New Zealand Meat Pxoducera' Board, has reoeived tlfe following cable from its London office, dated November 2lßt, 1924, advising Smithfield delivered prices at that date as follows:—Lamb and wether price® (Pi ices Vfor the two previous week* are aIBO shown.) . , _ New Zealand wethera and maidens: Canterbury quality, selected "brands, 56-under, November 91st, 9d; November 14th, BJd; November 7th, BJd; 67-64, 9d, BJd> BJd; 65-72, Sid, Bd, fid. Other brands, 56-under, Bid, 81d, Sjjd; 57-64, BJd, BJd, BJd; €5-72, Bid, 7Jd, 7^d. . New Zealand Ewes: 64-under, 7ld, 7d, 6jd. New Zealand lamb: Canterbury quality, 38-under, 18id, 13d, 13d; 37-42, 13id, 13d, 12£ d: 43-50, ISSJdj 12Jd; seconds, 122 d, 12Jd ; 128 d. Other brands, Ist quality, 42-under, 13d. 12Jd. • 12Jd. - • - New Zealand beef—Ox fores: 4£d,' 4id, 4|d; «i hinds: 5Jd, 5Jd, 6|d; cow fores: not quoted: cow hipds: not quoted. Argentine chilled ibeef —Ox fores: sd, sd, ad; ox lxinda: 7id, 7id. Afcesttuie fro®fpi) beef —Ox Jfores. 4Ja, 4ja, 4Jd; ox hinds, 6d::&jd, 52d. Frosen pork: 80-120lb, 9d, 9d, 9d, 1201801b, 8&d, BJd, BJd. Froijn veal: 4Jd, did, 4£d.

TATTERSALL'S HORSE SALE. .Messrs H. Matson. mid Co. had an entry JR 88 horseß at Tattersall's on Saturday., The «ntry was representative of all classes,' except that no draughts - of outstanding quality were' forward; sales of thee© could have been mode had there been any. offering. The demand for average working horses, _auch as were yarded on Saturday, was quite lip to values realised at late sales, as was evidenced by the good clearances made, only a few of tho nondescript animals, on which eshorbitant reserves wero placed, failing to . change hands. The principal transactions were:—For E. Sleight fWhitecliffs), aged mare £12,.. nine-year-old mare £26; E. J. Chamberlain (Shirley), seven-year-old mare, £2l 10s; Ellesmere client, nine-year-old mare, £JB; J. Thompson (Prebbleiton), eight-year-old gelding. £7 10s; client, aged mare, £8 10s; H. Crawshaw (Halswell), £22; A, Smith (Lyttelton). aged mare, £l6; G. Coleman (Yaldhurst), eight-year-old gelding, £ls; N. kelson (Papanui), seven-year-old harness mare, £B.

THE PROPERTY MARKET. A six-roomed bungalow at 53 Hills road, Shirley, was sold by H. Matson and - Co. to jtr Geoige Pierce for £6BO • Jones, McCrostie Co., Ltd., sold by public auction on account "of tho Registrar of the Supreme Court, the property situated at •&> 57, "Montreal street, comprising 20 nerches of land, together with the dwelling bouse of five' rooms and conveniences, for £530, to a client.

SATURDAY'S TRANSACTIONS. *■ ' Sale on 'ChangelC.Z. Refrigerating 'paid), 233. LATEST QUOTATIONS.

OTHER EXCHANGES. (press, association teligeams.l AUCKLAND, November 23. Sales —Kami timber,',3os 3d.

TARANAKI OIL PROSPECTS. The "Manawatu Daily 'Times" has the following:—From a. private source we learn that for three good' reasons our Taranaki friends maintain quiet confidence in the success of the present oil-boring operations. There is a much greater amount of money at the back of it, "?ne operators are ihorotaghlyr experienced men with .the latest appliances,'' and some of the directors at JSJet have brought home the lessons of past failures' when success seemed certain. The company is etated to have paid Customs duties amounting to £4OOO on its first importation of appliances and material. Royal-ties-,upon the crude oil are in most cases fixed for a term of five years, and already there is some quiet speculation going on writ' these options. Expert analysis shows that the oil is specially rich in the most valuable-products of • benzine, motor spirit, and bonzolono,- hut, unlike the California!! .product, does not give any s'>n .of bitumen irom the residue. This-is unfortunate for our roads, but as crude, oil of the lowest grade may "be used for -the purpose after the spirit' is distilled from it our'roads inay yet he constructed much more, cheaply.

SATURDAY'S POULTRY MARKET.

The Canterbury,. Co-operative Poultry ProLtd., report' that there was a good entry of poultry, for Saturday's market, but, on account of holidays last week, the demand was not equal : io the'supply. Following'* are prices'per; pair. Table, chickens 6s to 16a, hens 3s Cd to 7s, ducks 4s to 9s, ducklings 7s to 14s, turkeys 18s to S6s, geese 7s to 9s. Egg Market. The Canterbury Co-operative Poultry Producers, Ltd, report that ihe market was again Well supplied with eggs last week, but that, with the export trade still going on, thoy had no difficulty in disposing of Btocks of "Chain" brand at the following prices per dozen: —First-grade hei eg£B 4d, second-grade hen eggß and du:ks eggs Is 3d. ~ 6 LAND AUCTIONS.

Pyne, Gould, Guinness, Ltd., on Saturday offered 'at auction a farm of 63 acres on the Waterhole road,. Templeton, in the estate of the late S. Hinton._ The bidding K>se to" £33 per . acre, at which, figure the property was pas3ed in. Ihe "Mairangi" property, Kangiora, consisting of about ■ 1163 acres of land in the estate of the late Jaihes Johns, was offered tit auction on : Saturday by Dalgety and Co., Ltd. Lot 1, of. 230 acres, was submitted first, but was passed in at £2l per acre. Lots 2 (549 acres) and 3 (384 acres) wcr* also paßsed in. dunedin hide sale. At the Dunedin hide sale on Friday competition was keen." Calfskins showed an advance of 3d per'lb, and light-weights about Id per lb; medium-weights were about on a par with last sale's prices.- The following -are the price 9 realised: —Extra heavy ox 9d to llgd, heavy ox 7d to 9d, .medium os' 6Jd to BJd, light ox 5Jd to 6Jd; heavy cows 5Jd to 7d, medium cows 51d to 6gd, light oows 4id to s|d, yearlings 41d to- 7id, ca'fskin3 12d to 14£ d, cut calfskins 6d- to 7Jd.

GOLD. (BT CABTiE— PBESS ASSOCIATION—COPYRIGHT) (AUSTRALIAN AND K.Z. CABLE ASSOCIATION.) • LONDON, November 21. Gold is quoted at £4 9s 7d per oz. SHARES. LONDON, November 21. ■Waihi buyers 26s 3d, sellers 27s 6d. . WHEAT. (Received November 23rd, 5.5 p.m.) NEW YORK, November £2. Chicago wheat quotations arc—December .154 cents per bushel, May 161 J, July 142.

Buyers. Sellers. £ s. d. £ 8. d. N.Z. GOVT. DEBENTURES— ' 4h per cent. Inscribed, 1938 and 1939 — 97 10 0 4S ' T)er cent. Bonds, 1930. 97 10 0 — ITHER DEBENTURES— Christchurch Draimge 03 per cent. 98 0 0" 99 0 0 CIn istcburch Tramways, 5£ per cent-. — 98 10 0 Lyttelfon Harbour <1 p.c. £S 0 .0. — N.Z. Breweries, Bonds — 1 2 0 •BANKS— Australasia 13 0 0 — Bank of Victoria 6 11 0 — Bank of Victorir (pref.) — 13 17 e Coram. " of ' Australia (pref.) G 0 0 — National Bank of Australasia (£10 paid cum div.) 13 12 0 — National Bank cf Australasia (£5 paid, . cum div.) 7 12 G — New Ze-iland 3 0 6 — Royal (£1 paid) 1 13 0 1 13 G Union of Aust-. (ex rights) .... - 13 13 0 — INSURANCE— National .. .. 3 10 0 3 12 e South British 2 1 G — LOAN AND AGRNCY0 Goldsbroueli. Mort (new) 2 7 9 ' 1 - 2 s National Mortguge,3 10 0 — N.Z. Loan" and Mere. * (ord. stock) 93 0 0 — FROZEN- MEAT— Canterbury ... — 14 5 0 N.Z. Refrig. (paid) . .. 1 2 9 1 3 0 N.Z. Refri?.• .{colli) ... 0 11 10 0 12 0 'WOOLLENS—. Kaiapoi (orcL* — 0 13 0 COAL— Wcstport-Stopkton — 0 3 3 Westport - Stockton pref.) ■ ..- .. 0 5 3 . — BREWERIES— Manning .. 1 13 3 :' 1-14 3 TIMBER— Kauri (cum dir.) ' 1 10 0 ' 1 10 ■G MISCELLANEOUS— Beath and Co 1 11 3 ■ 1 11 9 Mason, Struthers (£1 paid) .. • — 1 4 3 Mason. Strn there (10s paid) — 0 11 0 United Pictures 1 6 6 — MINING- ' Mt. Lyell (cum div.) -1 1 6 —