COMMERCIAL.

Press, Volume LXI, Issue 18481, 8 September 1925, Page 10

COMMERCIAL.

FALUE OF PRODUCTION. COMMONWEALTH STATISTICS. («T CABLS-FaeSS ASSOCIATIOH-COPTMOHT.) (immuixur isx> r.i. cabw association) MELBOURNE, September 7. The Commonwealth Statistician states that the total value of the production >f all recorded industries in Australia during 1923-24 amounted to £392,750,000, an average of £6B 5s 6d per head £ population. The number of cstab'jlishmenta engaged in manufacturing jwas 28,189, employing 429,990 people, paving in salaries and wages £77,000,iOOO. Raw materials valued at • £197,000,000 were used in factories. rThc value of the output was £348,500,000, and the capital invested in land, buildings, plant, and machinery is valued at £182,000,000. The creation of new wealth by manufacturing industries was £141,000,000.

NEW ZEALAND APPLES.

LONDON MARKET.

(pbom oca own correspondent.) LONDON, July 23

Owing probably to the hot weather and the plentiful supply of soft fruits, Xew Zealand apples are coming on to a rather slow market. Both the Argyllshire and tho Athenie shipments have not been quite up to the mark in prices, 17s being about the highest for all varieties, and 12s being paid for wasty cases. As a matter of fact, both these consignments hare had a proportion, of wasty apples. especially among the Delicious, a variety which it would seem should have been finished with before now. Those Delicious that are aound are very good, however, and much sought after. Sturmers constitute the bulk of the shipments, and are sound and good, though it is saia that they are slightly more woody in taste than usual. - Dougherties and Delicious are taken to balance the green apples bought. Itis, perhaps, a thing to be remembered that fruiterers, when buying;, like to have a quantity of both green and red apples to suit the tastes of customers. .Some poople will buj' red apples even though the green are much superior in flavour. The Raranga has arrived in the Thames, hut the apples have not been brought up yet. This is the last shipihent this season.

SYDNEY WOOL SALES. ;bt cabia--rasas issoenwox— oopybtqht.) .(AUSTBAMAK AJfD S.Z. CABLX A3SOCXATIOX.) (Received September 7th, 11.35 p.m.).. SYDNEY, September 1. ■ The eixth- series of wool >sales has commenced. The market is little changed from, the last week's, liner descriptions celling on a parity with late rates, under good competition. Very faulty and indifferent quality wool is dull and rrregnlT. Croesbrsds met with keen competition at full late rates. Greasy merino sold: to Slid. MEAT IN LONDON. New Zealand lV.an aid Merea'iti'o Afsoncy Co. have-received a. cablegram, from London riving the following market information, under date 4th instant, respecting the prices cf New -Zealand frozen meat: Lamb—Hid per lb (average). Mutton—Wether and maiden «we, light, 7Jd per lb; heavy, 6sd per lb; ewe, -light, did pef lhj heavy, 5Jd per lb. Fair demand. DAIRY PRODUCE. The National Mortgage and Agency Co. mf New -Zealand, Ltd., Christehurch, have received the following from Messrs A. J. Mills arid Co., London: — - Butter—Market firm. Salted 198s to BOO*; unaalted, 200s to 2025. Cheese—Market steady, 106s,

I GERMAN SHIPPING TRADE. Gamut shipping companies, in common .with' many British companies *nd shipowners v of other countries, are experiencing in unprofitable period. According to the report issued:recently of tho German Australian Line, no dividends will bo possible *s. a result of last year's trading. With th* exception of the Hamburg South American Lino, .which distributed 8 per cent. i none of. the, German shipping liner com--paner has been able to pay a dividend this yaw,.and many hawe sustained hea-vy losses 'This m taken to indicate that, despite the I lower rate of pay, German shipping has been unable to compete successfully with that of other countries, especially Great Britain, vrher* a fair number of companies paid dividends. i ' . GOVERNMENT INSURANCE ,', DEPARTMENT. The ajwual • report of the' Government Insurance Commissioner states that 5149 new policies vrere issued last year, insuring £1,718,8*2. ' The policies in force total 61 804, insuring £17,130,783. The income for the year .was £854,591 (premiums £511,380, interest £-381,850,, annuity purchase money £11,361). The outgoings for claims we're: Deaths i' 385,777, matured policies £229,339. The accumulated funds totalled £6,448.658. The net eflective rate of interest credited to the insurance fund, after deductions -of land and income-tax from interast, was £3 7s 7d per cent., which was slightly in excess of the yield obtained during the previous year. : THE PROPERTY MARKET. Messri- .Evans and Bull, 63 Cathedral square, report having sold on account of Julius-Caesar, Esq., his very fine homestead together with 117 acres, situated at Templeton,' to .Alex. Mortland, Esq.," cf Kanjior.i. The firm now have the ba'aa;e of the land 1o sell in five allotments of from 30 acres to-118 acres, plans of which can te seen at their office. —6

CLEARING SALE. _ : A. successful clearing sale was held today, an account oi Mr F. H. Priest, Harevrood. There was a luge attendance of the public, and all lots met with keen-competi-tion, very satisfactory prices being recorded. Following are the principal sales:—ll sows vers offered, realising from £i to 6s. A chestnut gelding-, aged, brought, ±'32; bay peldme, aged, £8 10s; express waggon, £7, About 300 head of fowls were offered) and made from 6e Cd to 13a per pair. SOUTHLAND WOOLLEN MILLS. It is probable that within the next year • start will be D&ade with the erection of tho Southland Woollen Mills at Gore. '. Although dome, difficulty has been experienced in obtaining the last few thousand pounds, the total amount of capital subscribed has been steadily, if slowly, jn«i«a»ii«?. The amount which the director! aim .to secure before commencing .fcuilding operation* is £BO,OOO, and of this ;>ppwwiraately .£68,000 has been sub■,ys the "Otago Daily Times." The irt of this amount haa been sub?"ivi?*» lake * District. Kastexn and as Jar north as ■•gpaWM invested by Invercargill wa Mag comparatiTely amalL