COMMERCIAL

Evening Star, Issue 20057, 24 December 1928, Page 10

COMMERCIAL

MEAT MARKET. Press Association—By Telegraph-Copyright LONDON, December 22. Sheep. —Canterbury—Light 6^(l, medium 6jd, heavy 6£d ; Nortli Island - light G’d, medium (sid, heavy Cd. New Zealand ewes, 4 5-8 d; Australian' firsts, 4 5-8 d; ewes, 4{fd. Lambs.— Canterbury , seconds, 7|d; North Island seconds, 7id-; Victorian firsts, BJd; seconds, 7Jd; Argentine seconds, Gpl. Frozen Beef.—New Zealand fores not offering ; Australian crops, 4 3-lCd ; chilled Argentine fores 4|d, hinds 7Jd ; other lines are unchanged.—Australian Press Association. COTTON, RUBBER, ETC. Press Association—By Telegraph—Copyright. LONDON, December 22. Cotton: January shipments, 10.3R1 Para, 10pi; plantation and smoked, 8 S)-lGd. . Jute: December-January shipments, £32 per ton. ■ Hemp: December to February shipments, £36 10s. • Copra : January-! ebruary shipments, £23 7s 6d. Linseed oil, £29 ss. Turpentine, 47s 6d.— Australian Press Association. • CHICAGO WHEAT MARKET. Press Association—By Telegraph— Copyright, CHICAGO, December 22. Wheat quotations: December, 115 cents per bushel; March,; 1183^ ; May, 121—Australian Press Association. THE NATIONAL MUTUAL.

Mr F. W. . Nicholson, manager for New Zealand of the National Mutual 1 Life Association of Australasia, Ltd., has received the following cable message from head office, Melbourne — “The fifty-ninth annual general meeting of members was held'on December 18. The new,.business for the year was exceptionally satisfactory —20,728 new policies having been issued for £9,807,845—an increase of £573,132 over the previous year’s tdtal. The total income for the year was £4,930,596 —an increase of £551,798. The very largo amount of £2,441,176 14s 3d was added to the assurance fund, which amounted -to £29,147,329 18s 6d. The amount payable to policy-holders or their representatives during the year was £2,750,058 7s 4d. The rate of interest earned oil the mean funds .was £5 10s lid. The ratio of expenses continues ’ to show a material decrease. Members may. expect to receive their bonus certificates on or before March 1, 1929.” This is a particularly satisfactory report, and the members have every reason to be well satisfied with the great progress the association is making.' ’ v / ■ , ■ LONDON PRODUCE MARKET. Tho Bank of New Zealand has received the following advice from its London office as at close of business last week Butter. —Steady; , 182 s t 0.,, 186 s, per; cwt - Cheese.—Quiet' White' 97s to 9Ss per cwt, coloured 99s to 100 s per cwt. Frozen Meat,—There is a better inquriy for wethers, and the outlook is brighter. For ewes the market is firm with an upward tendency. There is ■* ~

moderate bnesiness being done in lambs, and the market is firm. The bef market is well supplied, and there is ;a little better demand. Wethers, heavy, 6d to 7d per lb ; light, 5d to 6d per lb. Ewes, 4d to 5d per lb. Lambs —two’s, 'Old to 9jd per : lb; eights, 9Zd to 9fcl per lb; four’s, 9d to DJcl per lb; seconds, . 7Jd to 8d per lb. Ox hinds, 4Zd to 43d "per lb; fores, 3ijd to 4Jd per lb.-'.