COMMERCIAL.

Press, Volume LXI, Issue 18405, 11 June 1925, Page 10

COMMERCIAL.

•> » —• tdSSSL } WOOL INDUSTRY. *f SUPPORT FOR NEW B.A.W.R.A. (BY CABLK—FBES3 ASSOCTATIOK—COPTMOST.) (AUSTBAUAN AND S.Z. ASSOCIATION.) . (Received June lOfch, 9.20 p.m.) f SYDNEY, June 10. ' The Graziers' Conference endorsed, the decision of the Convention of the Graziers' Federal Council to ask Sir John Higgins to formulate a scheme for organisation on the lines of B.A.W.R.A. for the stabilisation of the wool in-, dtustry. OPPOSITION TO WOOLLEN PACK. (Australian axd n.z. cable association.) SYDNEY, June 10. At--the annual conference of the New South Wales Graziers' Association, strong opposition was expressed to the proposal put forward by the Bradford Chamber of Commerco that growers should, pro vide a woollen pack for their wool without compensation. •A motion was carried that if buyers desired woollon packs they should refund the cost of them: A motion urging prohibition of the export of live stud-sheep was defeated. Dr. N. W. Kater, in * his presidential address, said that tho past year had been a peaceful one as far as the industry was concerned. The season on tho whole had been good, but losses from «fly must have been great. Ho regretted that the Government had done nothing to copo with the dingo menace in the Western division, and had not taken action to reduce harbour and lighting dues, which greatly handicapped the producer.

AMERICAN WHEAT. , SMALL WINTER CROP PREDICTED. (BY CABLE—rBESS ASSOCIATION— COPYRIGHT.) (AUSTRALIAN AND N.Z. CABLE ASSOCIATION.) ;:| WASHINGTON, Juno 9, The 'Department of Agriculture predicts that the wheat crop will jbe smaller than any since 1917. Winter' wheat has fartd badly throughout most of the regular winter belt, due to low May temperatures and drought..; The vitality of the :wheat has ■- hden ' weakened by the adverse fly and other pests. These and other unfavourable- factors have,caused the Department to fore* cast ':'■'&>■ -total winter wheat crop of 407,456;00d bushels compared with _a ten i yjean average of 592,000,000 bushels.;,', ■ *■■"■' ■■■■,' : . - '•■- '- 'The"; spring wheat crop is in fair to good-condition, with an increased acreage of per cent, over 1924. The Department predicts a production of 253;729,000 bushels compared with a' ten-yeto- : average .of' 245,000,000 bushelsi:,v;' ■■ Kansas; the leading winter wheat made an exceptionally bad due to low . rainfall and deficient sub-soil' moisture, in ad-dition'to-pests, the'recent .drought, and high : ;t§niperatttres. MtiCTKLAND MARKETS.

'(SPZCIAI TO "THJ! PBESS.") -, AUCKLAND, June 10. Visitors to the city have helped to brighten up trade, but altogether it cannot be do--1 scribed' 'nsXactive. In most departments there iaHhe usual winter reaction, although -„in drapery tho advent of winter has had .the opposite effect. Most houses report an improved trade in all classes of worm goods. Hardware—Trade is rather' quiet in both i city ..country. Potatoes—Good stocks are held, and mer- , ' chants - bro selling readily at, £7 15s, ex j Btore. , The quahty..continues excellent. i I Onions—Australian are soiling at 19a to 20s per'ewt, and r theee wilt supply the market for a'. month or',two. , ' Oats—The demand is very quiet at 5b 6d, ex store. Maire—Moderate eupplies are arriving from ■the coast. The price is 6s 7d to 6s 9d on {he wharf. •■ ' ■ Wholesale current prices are—Superfine quality creamery-butter Is 6£d per lb booked, first grade factory Is 6Jd per lb booked, Is, 5d per lb lor prompt cash, second grade factory Is 4Jd-> per lb booked, Is 4d per lb prompt cash, separator Is Id per lb, flour £l9 15b per ton (less 2& per cent. , discount for 200lb sacks), sharps £lO 10b ' per ton, bran £9 10s per ton, pollard £ll per l -ton. BURNSIDE MARKET. ,(fRESB ASSOCIATION THLEQBAM.) pUNEDIN, Juno 10, Fat stock showed an easing tendency at Burnside to-day, which was the first sale hqld for two weeks owing" to the Otago Winter Show being held last week. Pigs were Homewhat firmer in' price. Ifcfat, Cattle.—Some 290 head were yarded, .compared with'36s a fortnight ago. There were a few old lots of prime cows and a si,iall proportion of prime bullocks, but the quality ot many lots waa not out of tho ordinary. Prices for good stuff wero not quite maintained. Poorer quality Bold distinctly cheaper. Prime hand-weight bullocks sold at an average, of 85b per 1001b, light and medium to 82s -6d, prime heifers at 27a (3d to 80s, and light heifers* and cows at 20s to 255, Prime bullooks made £ls 10b to £l7, medium £ll 10s to £l4 ss, light £8 to £lO 10s, extra prime cows andi heifers £lB 17s fid, prime £8 10s to £ll, medium £5 150 to £7 6s, and old and inferior £8 10s to £5 ss. JPat Sheep.—There was a large entry, about 8800 head being penned, compared with \ 8600 last sale. The quality was mixed, but a fair supply of prime consignments was included. The sale opened at. easy rates, but th«re waa some firming on prime heavy sorts as the sale went on. Prices generally wars >on. a lower plane for heavy medium and fair sheep, exporters lifting the latter quality with slight competition. In the early part of tho sale values were from on a par with the Jower rates of last week to 2s down. Later sales were weaker for both ewes and withers. Prime handy-weight wethsr* sold at up to 7Jd per lb, prime heavy-weight wethers 6{d to 7d, extra prime ewes to sd, and light and aged ewes 4d to sd« Extra prime heavy wethers inado up to SCi, prime heavy 49s to 51s 3d, prime *2s to 4Ss> lighter 85s to 38s 6d, prime heavy. "«wos 81a to 85s 9d, and lighter sorts from BBS- 6d to-29s 3d.

Fat Lambs.—The entry via smaller, about 700 being penned, compared frith 1050 last sale. Prioea showed no marked change compared with u thoso of laet sale. The entry waa a* mixed-one.'-. There were a few bene of extra well finiihect sorts, but the bulk ' of the lamba were of indifferent quality. Store CatUe.—The yarding consisted of 800 head. There was an odd pen of medium steers, the balance consisting of cows and young "stock. The demand was somewhat dull. Fair boning cows, sold at from S3 to £3 17s, and medium one and a half-year ateen brought from 31s to 47e. Pigs,—There verb 130 fata and €3 stores entered. Prices -were good; about, the same as a fortnight ago. Prime baconera made TJdi'to 7Jd per lb, and'prime porkers to 7Jd. i" <■ rTHE PROPERTY MARKET. Messrs Hutchinson,-.White and Co. yesterday sold by public auction Mr A. Vincent's property, No. 34 Westminster street, St. Albans, comprising bungalow of 4 zooms , and/'i-flcre section, to Mr Cv Trippner, for , turn-,. '-

CHRISTCHURCH STOCK Ji \: ;. EXCHANGE. YESTERDAY'S TRANSACTIONS* Sales repotted—Commercial • Bank of Anst. (pref.), £6 12s; Union Bank, £l4 14s; National Bank of Sew Zealand (rights). 25s 63. Sales on 'Change—Commercial Bank of Au&t. (ord.J, 303 3d; Bank of New South Wales, £il 7s 6d; Union Bank, £U 133 6d (two parcels).

OTHER EXCHANGES. '/ (PBBSS . ASSOCUTIOK TKUHHUKS.) AUCKLAND, June 10. Sales—New Zealand Breweries, Debentures, 225;., Union Bank, £l4 14s 8d; Waipa Coal, 235; Auckland Gob, 23s 6d, contributing 4s 'Bd; Northern' Steam- (contributing); „7»; National Timber, 39s 3d; New Zealand Befrigerating (contributing), 9b 7d; Taranaki Oil, 20s £d; Wilson's Cement, 32a Bd. WELLINGTON 1 , June 10. ; SaJos reported—N.Z. Bi«rweries,l>onds,£l 2a; National Bank of ..New Zealand (rights). £1 6s 6d (two parcels), £1- ,5s 9d (three parcels), ..£*. .sa. lid. (two' parcels); ! TTnion Bank of Australia, £l4 13s; Gear, i £-2 4s Cd. DUNBDIN, June , 10. Sale Ktroorted—P. and O. (deferred stock),£270. SALE OP FURNITURE* j People in Chiistchuroh displayed their appreciation of a good thing on Tuesday, judging from tho results which have been afforded by', a'sale of furniture, conducted by H. G. Livingstone and Co., on • behalf of Mr "and Mrs J. Catherwood at their residonce, Avonsido. Tho articles offered for sale comprised a> mahogany collection in Chippendale,' Sheraton, Adams and Qjaeen Anne style. The furniture was selected by the owners in England some years ago, and was of exceedingly beautiful and classic design. The; prices realised were very satisfactory. . Aa an example, a Queen Anne wardrobe,, in which tho timber was beautifully matched, brought" £B2 10si , and another wardrobe in the Sheraton style sold at £BO. A Queen Anne duchosae. went 1 for £35, six dining chairs at £4B, two carvers at £2O, and six Heppelwhite chairs at £4B, besides a brass coal box at £B. A dining table changed heads at £25, a sideboard at £22 19s, _a Queen Anne piano stool at £l3 10s, and 7 small Sheraton occasional table j at £7. Other prices obtained, including | those for other. classes of furniture, were | as follows: ■' , ■, Carpet £42 10s, coal- bos £B, standard lamp £3, v mahogany card table £ll, Brins-' mead piano £135,' mahogany writing deSf. £ls 10s, small mahogany table £lO 10s, Chippendale armchair £lO Ms, chesterfield in tapestry £l3, easy chair in tapestry. £9, easy chair in tapestry £9 10s, 4 mahogany chairs £5 each; two mahogany chairs £5 10» each, stair carpet £9, runner carpet £3 10s, brass bedstead £l2 10a, bedroomware £4, Chippendale armchair £ll 10b, Sheraton washstahd £ll, Sheraton pedestal cupboard £8 10s, 3 chairs (2 at £3, 1 at £3 ss), Sheraton towel-rail £l, enrpet £2O, carpet £9, bedroomware £1 15s, single brass bedstead £6, mahogany washatand £l2, pedestal cupboard £1 15s, oak wardrobe £8 10s, oak duchesse £7, single oak bedstead £3 10s, brass,kerb, fire irons and dogs £7 ss, Brass wood-box £2 10s, brass coal-box £2 7s Cd," ebony table £9,» mahogany dinner waggon £ls, leather chesterfield £2B, leather easy chair £ls, leather easy chair £l4, 3 mahogany carters £2O, carpet £l6, carpet £l3, kerb, fire irons and dogs £3 12s 6d, copper coal bucket £3 oak bookcase £B, armchair £4 10s, couch £l2, mahogany sideboard £H, mahogany, dinner,waggon £B, r S mahogany carvers. £lB, pedestal' and bowl £5 15s, half chair £4, monk's bench £lO 10a, oak. table. £5 10s, grandfather clock £3l, oak hall stand £l3 10s, carpet £27 10s.

sale; of new Brighton property. Jones,\ McCroatie Company, Ltd., sold by public auction . yesterday, in conjunction with Messrs Spratt and Co., on account of the executors in the> estate of the late Mr Fred.; Spratt, the property situated at.-No. 11 Richmond terrace, and corner of Bertsford street, New - Brighton, comprising square residence of 7 rooms and conveniences, together with three-sixteenths of an acre, .to a client, at a satisfactory figure. 6 (ConWaued at foot of next colnmn.)

DAIRY PRODUCE.

Delgety and Company, Limited, have received the following cablegram from their London office, dated' June 9th:— "Butter: Since our advice of 4th inst;, prices are 2» higher." DAIRY CONTROL BOARD. ' (FUSS ASSOCU3IOH TELXC&UC.) • ■ ■ - HAWERA, June 10. . The .anti-compulsory candidates for election to the -Dairy Control Board. Messrs G. Gibson (Bahotu) and H. R. Hogg (Opotiki); addressed a meeting of .farmers today on. the. control question, criticising, the absolute control policy of the'present Board. The main points of the addresses were advocacy of • the ward system for the-"election: of the Board, tho free marketing of dairy produce, and'the deletion of the compulsory clause* from.the Act

LATEST QUOTATIONS. ' v ~ • • Buyers. Sellers. £ B. ' d. £ S. d. N.Z. GOVT. DEBENTURES— 4$ per cent. Inscribed, . 3935 . — 97 0.0 ■ii per -c£nt. Bond3, 1938 96 17 6 — 4Ji- per cent. Bonds, ' 1939 96 17 6 97 0 .0 5» per cent. Bonds, '* 1927 98 0 0 — oi per cent. Inscribed, 1927-41 58 0 0 — oj per cent. Inscribed and Bonds, 1933 .. 101 5 0 — OTHER DEBENTTTRES- — Chrhtcfcurch Drainage, . EJ per cent. Christchurch Trams, 6J 98 0 0 • — per cent. .. 102 0 0 10G 0 0 Cbrrstchurch Trains, l\ per cent. .. 97 10 0 — New Brighton Boroogh, 5| per cent. 98 0. 0 101 0 ; 0 Christchurch City, ik per cent. .. 99 0 0 99 10 0 N.Z. Breweries, Stock — 1 2 0 N.Z. ' Breweries, Bonds 1 1 9 1 2 0 Glaxo, 6* per cent., 1945 85 0 0 — Giaborne SlieepfnTmers per cent. 100 10 0 !03 0 0 Booth, Macdonaid, 61 per cent. ..■■.. . —. 76 0 0 "WeatportiS'tocktcn, .("£ per cent. .'. .. ■ — 100 0 0 BANKS— Aust. Bank of Conlni. . 1 .9 0 Australasia 14 6 0 14 10 0 Bank of Victoria .. 7 '5 0 7,6 13 Gomm. of Aust. 1 10 3 — Comm. of Aust. (prof.) 6 12 0 6 14 6 Comm. of Sydney — 24 17 0 National of .A'asia (£10 paid) 16 4 '0 —' National of A'aflia (£5 paid) .. . 8 2 6 National cf' N.Z. (rights) .. .. 1 5 0 1 5 9 New South "Wales 41 2 6 41 7 6 J?ew Zealand .. .." 2 18 3 New Zealand (new) .. 2 16 6 2 17 6 Royal (£1 pnid) 1 16 0 — Union of Aust. ,14 12 0 14 15 0 INSURANCE— National 3 9 0 n ii 3 Now Zealand.-. • 1 14 0 1 14 9 Standard 2 3 0 LOAN AND AGENCY— Dalgety and Coi 14 7 6 -4 15 0 Ooldsbrouph, - Mort (cum div.) 2 7 3 2 8 0 .National Mortgaze' ..' — 3 18 0 N.Z. Loan and .Mercantile (ord. atk.) 94 0 0 — SHIPPING— Howard,. Smith — 1 156 Huddart-'Parker 2 4 6 2 5 6 Union (prefO .. — 1 1 0 FROZEN MEAT— N.Z. Refrig. (uaid\ .. : 0 lfi0 0 19 6 N.Z. Rffrigr. (contr.) .. 0 9 0 00 6 North Canty. Freezing ' — 2 2 6 GAS— "'( ' . Chviafalvurcli ..' '1 11. 0 ; 7 14 0 BREWERIES— Crown "■ .. ' ... .1 15' 0 —' Manning "'.-••. 117 6 New Zealand... ... 1 19 6 .'— ¥wd . ■ ■ . — 2-19 6 CEMENTS— Wilson's ' .. i... i 12 3 — TIMBER— Kauri ' (cum div.) ■ • ... ' ■ —. 1 13 0 MISCELLANEOUS— ' B:A.w.r.a: — 0 11 C Beatk and . Co. . 1 10 0 1 13 6 Bnnw, Philp — 1 16 6 . Colonial Sugar 50 15 0 53 0 0 Electro. Zinc (prof.) — 1 9 0 Eclipse. Petrol (£1 pd.) 0 2 6 — Henry .Tones Co-op. '.. "" 3" 2: 6 3 4 0 Hume Pipe''(Aust.) .. 0 18 6 , —. ; Maaon. ' StrutherB' i(£l paid) 13 ,0 1* ■0 Mason. Strutheis (14s ; paid) : -' ■.:■'• '"•' '■ ■■■'.'. 0 15 6 ' —' Mason. Struthers- (10s paid) . \ ••• .; on 0 0.12 0 N.Z. "Farmers': Co-op.' (£2 10s paid) ,. — 0 H 0 N.Z.' Farmers' Co-op. ■ , ..,(6V per -cent. Stock, 1930) .. -■•'-' .. 89 10 0 .91 10 0 N.Z. Malay Rubber . (ord.V .. ; .. .' 0 16 0 — N.Z. Milk Products '.. 1 \S0 — N.Z. Paper Mills' ... ; ■ — 0 19 9 N.Z. Sugar of MiJk'. .. • '■ . ' IS 0 ' Perdriau Rubber . '.. *__ 1 9 6 MINING— Mt.' Lyell (cum dir.) ' 1 1'. 9 ""' ■ —"'