COMMERCIAL

Nelson Evening Mail, Volume LXIII, 30 July 1929, Page 10

COMMERCIAL

BIG CHRISTCHURCH DEAL OPE (By Telegraph—Press Association) CHRISTCHURCH, ,29th July. It was reported in the city on Saturday that the negotiations which have been in progress for several weeks past for the sale of the least- of the whole of Strange's block in High and Lichfield streets and the goodwill of tho business formerly carried on by Messrs Strange and Co., Ltd., had failed, and that the deal had been officially declared off. When the rumour was mentioned to Mr A. F. Stacey, the agent concerned in the deal, he would neither confirm nor deny it, but stated that at present ho was not in a position to discuss the matter. It is understood that the negotiations were for the lease of Strange's block to a syndicate, which proposed to float a new' company to carry on a drapery and general --""'importing-- business under the name of W. Strange and Co., Ltd. The negotiations were commenced early this month. PRICES OF RAW MATERIALS (Unltad Pmm Association— By KUotxte Talasraph—Copyright) (Australian PreM AMoeiattoa) LONDON, 27th July. Cotton.—Liverpool quotation for American middling upland cotton, August delivery, lO.lOd per lb. Rubber.—Fine hard Para, ll£d petlb; plantation first- latex crepe and smoked ribbed sheet, 11 3-32 d. Jute.—August-September shipment, £3l 5s per ton. Hemp.—New Zealand not quoted. Copra.—September-October shipment, £2l 15s per ton. Linseed 0i1.—£36 10s.per ton. Turpentine.—43s per' cwt. CANADIAN WHEAT POOL OTTAWA, 28th July. Mr Ramsay has officially announced that the Canadian wheat pool's initial payment for the 1929 crop has been fixed at one dollar per bushel. "A dollar per bushel has been the initial price paid by the pool since the Canadian pool was formed in 1924, with tho exception of last year when the initial payment was lowered to 80 cents. We are satisfied that the step then taken by our central board was amply justified by market developments during recent months.," , FROZEN MEAT MARKET Messrs Levin and Co. Ltd. have received the following cable from thenLondon agents, dated 26th July, 1929 : Frozen meat quotations (prices on a "delivered" basis, i.e., including storage charges, cartage, , ; tolls, etc.):—Down lamb 28/42 9d per lb; best North Island 28/42 8 5-8 d; ordinary North Island 28/42 8 l-4d; second quality lamb 5 5-8 d: best North Island wethers 48/64 61-4 d, 64/72 s£d; ordinary North, Island wethers 48/64 6 l-8d; North Island ewes 48/64 4|d, 64/72 5 5-8 d; New Zealand prime ox beef 160/220, none offer--lAs compared-with last weed's quotations, down lamb is l-8d per lb'; ordinary l-4d per lb; and second quality 3-bd per lb iowoi'.i Mutton of all weights is l-8d per lb lower. The market for lamb is very weak and there are no indications for immediate improvement. The market for mutton shows a downward tendency, particularly for prime ewes.