DECREASED IMPORTS.

Press, Volume LXVI, Issue 20108, 11 December 1930, Page 12

DECREASED IMPORTS.

NEARLY FOUR MILLION DOWN. .Total imports on Customs valuation for the twelve months ended October 30th, 1929-30, were of the value of £45,073,877, or £3,921,332 less than for the corresponding twelve months of 1928-29. Among the shrinkages, for the ten months of this year, compared with the ten months of 1929, were the following:— 10 months 10 months 1930. 1929. & & .. .. 125,862 140,291 Cocoa butter .. 54,027 104,032 Fruits, preserved 103,207 122,233 Raisins .. 114,253 145,651 Flour .. .. 117,872 124,946 Sugar. ... .. 657,578 661,073 Tea .. .. 627,336 818,371 Whisky .. 406,337 454,412 Wine .. 90,579 100,13S Cigarettes .. 369,131 494,493 Tobacco .. 613,929 614,847 Seeds .. .. 139,341 194,644 Hats, caps .. 154,104 156,060 Hosiery .. 413,818 419,693 Millinery ... 136,396 145,074 Apparel .. 1,896,979 2,075,527 Boots and shoes 832,170 900,752 Tailors' trimmings 100,559 112,993 Textile articles .. 104,698 200,045 Cotton piece goods 1,613,738 1,664,349 Silks and satins 906,342 1,054,681 Motor spirits .. 1,806,569 1,817,224 Paints and colours 182,714 232,202 Iron and steel .. 225,267 229,818 Galv. iron' .. 363,230 548,895 Tubes and pipes 376,669 445,326 Fencing wire .. 105,982 139,045 Coal .. .. 182,714 232,202 Phosphates 436,102 581,042 Timber .. 501,178 503,284 Perfumery .. 151,878 167,449 Earthenware, crockery .. 250,977. 261,766 Glassware .. 249,649 283,943 Motor vehicles .. 2,075,746 3,640,635 Motor-cycles .. 113,136 156,102 Motor tyres .. 669,894 940,108 Musical instruments .. 257,143 366,259 There are other decreases, including less for motor materials and accessories, typewriters, turpentine, lamps, woodpulp, hoop iron, nails, lead, and tin. Quantities have increased but values are less for some imports, sugar among them. Wheat imports for the ten months were 137,033 centals of the valutf of £66,537, citrus fruits imports have increased, bananas have diminished. Rum, brandy, and gin imports have slightly increase, notwithstanding wine and whisky are less this year. WHEAT MARKET. QUOTATIONS FROM CHICAGO. NEW YORK, December 9. At Chicago, quotations for wheat were:— cents. March ... 79J per bushel May ... Blj per bushel July ... 73f per bhshel ORIENT STEAM NAVIGATION COMPANY. {Vyittß PKKSS . ASSOCIATION—-BT BLBCTEIC *-r 5 TMJSCUUPH—COFTBIOHT.) LONDON, December 9. The Orient Steam Navigation Company's. profit, after transfering £60,000 to general reserve, £35,000 to the pensions reserve, and £281,666 carried forward, is £101,340. The company declared a dividend of 7J per cent,, tax free. BURNSIDE MARKET. DECLINE IN VALUES. (FSIBS ASSOCIATION MLIOBAH.) DUNEDIN, December 10. There was another noticeable decline in values at Burnside to-day, when ever? class of fat stock was sold several shillings below last week's low rates. Fat Cattle—The entry totalled 204 head of fair to prime quality, with a few extra prime bullocks, a large number of mediumweight, and 'Several pens of cows. The market, was quiet, and values showed a reduction of about 16s per head. Heavy bullocks, sold, to £2B 10s, medium to £lB 6s, light to £l6 10s, heavy heifers to £l2 6s, medium to £lO 15s, ■ light £9 10s, heavy cows to £l2 15s, medium to £ll, and light to £9 19s od. Fat Sheep—The entry comprised 1980 head, about half consisting of sheep in the wool. There was a large proportion of ewes, a few pennings of prime wethers, and a number of medium. sheep. The ' sale opened at prices about equal to those realised at the previous sale for prime shorn wethers, but ' the market soon weakened, and closing sales showed a reduction in values of about 2s per head. Ewes in particular met with a dull sale. Extra heavy shorn wethers sold up to S3s, prime to 20s, I prime shorn ewes to 18s, medium to 15s, prime woolly wethers to 29s 9d, and prime woolly ewes to 28s Bd. Prices for shorn sheep were equal to about 4d, and for sheep in the wool about 4}d per lb. - Fat Lambs—About 850 lambs were offered. These were of fair to prime quality. There was a fair demand at a reduction of 2s per head. Extra prime lambs sold up to 28s 9d, prime to 22s 9d, medium to 19s 9d, and unfinished sorts to 16s 6d. Prices were equivalent to about 7d per lb. Store Oattle—The entry consisted of 270 head. The yarding included four pens of ■good threfl-year-old bullocks and 80 medium two-year-olds, the balance comprising fair to good cows and mixed yearlings. The sale was not a brisk one, and most classes were sold at a reduction of about 7s 6d per head. Three-year-old steers sold to £lO 15s and medium steers to £8 2a 6d. Pigs—The entry consisted of 90 fats and I 116 stores. The demand was not keen, i and baconerß were sold at a. reduction of i about 7s 6d, and porkers of 5s per head, i Store pigs a also sold at cheaper rates. I Prices realised for baconers were equal to i 6ld, and porkers to 7id per lb. ! JOHNSONVILLE STOCK SALE. [THE PRESS Special Service.] WELLINGTON, December 10. At the Johnsonville sale to-day an average yarding of good quality cattle and a full yarding of all classes of sheep and lambs was submitted. Competition for cattle was good at reduced limits, prices for heavyweight bullocks being down 80s to 85s per head, and medium-weights 25a to 30s. Cows also suffered a decline up to 20s per head. The quality of the sheep yarding was good. Prime heavy-weight wethers were on a par with last week's rates, but lighter sorts were 6d to Is cheaper. Ewes showeil a decline of Is per head, while lambs met with a keen sale at late rates. Extra heavy bullocks made £l4 10s to £ls ss, heavy £lB 6s to £l4 ss, medium £l2 5s to £l3, light £ll 7s 0d to £ll 15s, cows £5 10s to £8 ss, vealers to £3 2s, heavy wethers 18s 9d to 19s 6d, others 15s 9d to 18s 3d, ewes 10s to 20s 9d, lambs 13s 6d to 19s Id. SULPHIDE CORPORATION. PREFERENCE DIVIDEND ONLY. Advice has been received from the head office m London of the Sulphide Corporation that the annual meeting will be held on Docember 23rd. The directors 'will recommend a dividend of Is a share on the preference shares in respect of the year ©tided June 80th, less income tax, at the *®to of 2s 6d in the -pound* Tho dividend "will be payable on January 17th. The company has a capital of £1,050,000, comprising 600,000 preference shares of £1 each and 600,000 ordinary shares of 25s each. The former have preference as to cent, non-cumulative preference divi* abends and rank with the ordinary shares in distribution of profits above 10 per cent. In 1927 the company paid 7J per cent, on preference shares only; in 1928, 10 per cent.; and in 1929, 15 per cent, on both classes of shares,