COMMERCIAL.

Taranaki Daily News, 9 November 1921, Page 8

COMMERCIAL.

NATIONAL INSURANCE COMPANY. By Telegraph—Press Association. Dunedin, Nov. 8. The National Insurance Company’s report recommends the uayment of a further dividend of Is 3d and a bonus of 9d per share, leaking a total distribution for the year of 3s 3d per share, which will absorb £20,009, and to carry forward £30.729. LONDON MARKETS. HIGH COMMISSIONER'S CABLED REPORT. Thu Department of Agriculture has received the following cablegram, dated November 5, from the High Commissioner for New Zealand, London: — MEAT. Trade continues dull, with prices irregular and weak; supplies heavy. Market is affected by low price accepted for wethers recently purchased from Government, but firmer tendency anticipated when these have been disposed of. Average prices are:— New Zealand mutton, lightweight, November 5, 5%d, 6%d; October 29, 6%d; October 22, 6%d. New Zealand imuEton, heavyweight, November 5, sd. October 29, 5%d; October 22, 5 l-Bd. New Zealand mutton, ewts, November 5, 4%d; October 29, 4 5-8 d; October 22, 4 5-Bd. New Zealand lamb, lightweight, November 5, B%d, 9d; October 29, 8 5-Bd, 9d; October 22, 9d. New Zealand lamb, heavyweight, November 5,8 d; OctODer" 29, 8d; October 22, B%d. New Zealand beef, best quality ox, hinds, November 5,6 d; October 29, 6d; October 22, 6d; fores, November 5, 4 October 29. 4%d; October 22, 4 3 Ad. Argentine, chilled beef, hinds, November 5,8 d; October 2®, 7 3 4 d; October 22, 6%d; fores. November 5, sd; October 29, sa, October 22, 4%d. Retail uneat prices at present current in and furnished by Retail Association as representing fair average throughout all districts:— Mutton.—Legs, November 5, English Is 6d, imiwrted lid: loins, English is 4d, imported lOd; shoulders,- English Is 4d, imported 9d. October 1, legs, English Is Bd, imported Is Id; loins, English 2s, imported lid; shoulders, English Is Bd, imported Is. July j 3, legs, English 2s Gd, imported Is sd; io>na, English 2s 9d, imported Is 2d; shoulders, English 2s 3d, Imported Is 3d. Lamb.—November 5, legs, English Is Bd, N.Z. Canterburj’ Is 3d; loins, English Is ?d, I N.Z. Canterbury Is 2d; shoulders. English is I Gd, N.Z. Canterbury Is 2d. October 1, regs. English 2s, N.Z. Canterbury Is Gd; loins, English 2s, N.Z. Canterbury Is 6d; shoulders. English Is lOd, N.Z. Canterbury Is 6d. July 23, legs, English 2s nd, N.Z. Canterbury Is loins, English 2s lid, N.Z. Canterbury Is 9%d; shoulders, English 2s 7d, N.Z. Canterbury Is S’/gd. Beef.—November 5, sirloin, English Is Bd,

imported frozen Is 2d, imported chilled Is 2d: wing ribs, English Is 9d, imported frozen Is, imported chilled Is; rump steak, English 2s Gd, imported frozen Is Bd, imported chilled Is lOd. October 1, sirloin, English. 2s 2d, imported frozen imported chilled Is 3‘■ad; wing ribs, English 2s 3d, imported frozen lOd, imported chilled Is 3d; rump steak, English 3s, imported frozen Is 4d, imported chilled Is Bd. July 23, sirloin, English 2s 4d, Imported frozen and chilled Is 3d: wing ribs, English 2s 2d, imported frozen and chilled Is 3d; rump steak, English 3s 4d, imported frozen and chilled 2s. BUTTER. General situation remains very little changed, and all reports indicate that, notwithstanding the -eduction reported last week, buying still confined chiefly to better qualities, of which Danish stated to be the choicest. Government stocks, slight improvement at the reduced prices. First hand sellers realis- . ing average of about 1 per cent, on sales New Zealand.—First sale, free reported at 2GOs to 202 s per cwt. (Is G’/id to Is 9%d I per Jb.). CHEESE. Market remains unsettled, with little de- I mand. English, November 5,130 s to 140 s <>er I cwt. (Is 2d to Is 3d per, lb.). October 29, 135 s to 140 s up to 150 s per cwt. (Is 2%<1, Is 3d. Is 4%d per lb.). October 22, 1355, 140 s, up to 150 s per cwt. (Is ls 3d, Is 4%d per lb.). New Zealand (in poor condition).—November 5, white, 86s, 96s per cwt. (9%d, 10‘id per lb.) ; colored, 78s, 88s per cwt. 9%d per lb.). October 29, white, S6s, 90s per cwt. (9‘4d, 10‘,4d per lb.) ; colored, 80s, 90s per cwt. (B%d, O’/fcd per lb.). October 22, white, 925. 100 s per cwt. (9%d, 10-)4d per lb:) ; colored, 84s, 92s per cwt. (9d, 9%d per 111.). CASEIN. Market firmer tendency. Present quotations are: French rennet, £54 to £64; British, £6O per ton; Argentine, lactic, £5O per ton. BANK OF NEW ZEALAND’S ADVICE. The Bank of New Zealand has received the foilowing advice from its London, office, under date November 4 : Butter.—Market slow, 200 s to 202 s per Cheese.—'Slightly steadier. Colored, 78s to 86s per cwt.; white, 86s to 96s per cwt. Frozen Meat. —The market for wether mutton is dull owing to absence of demand. T-Jwes In fair demand. The demand for lamb has decreased owing to heavy supply Home killed. Beef trade is slow owing, to heavy arrivals of fresh. Current quotations: Wether mutton,, light, s ‘4d to 6%d per lb.; wether mutton, heavy, to 5d per lb.; ewes, 4d to 5d per lb.; lamb, light, 7%d to per lb.; lamb, heavy, 7d to 8d per lb. /ox beer, hinds. 5d to Gd per lb.; ox beef, fores, 3Vo<l to 4V£d per lb.; cow beef, hinds, 4d to 4 3 /d per lb.; cow beef, fores, 2%d to 3%d per lb. AGENTS’ CABLEGRAMS. Messrs. Dalgety and Company, Ltd., report having received the following cablegram their London house, under date November 4 : Butter.—Danish, 246 s to 2505; Australian, salted, 145 s to 180 s; finest unsalted, Australian 188 s to 1965; New Zealand, finest, 200 s to 2025. Salted market slow. Finest unsalted market firm owing to scarcity. For Government butter tendency still downwards, stocks selling extremely slowly; prices may be reduced again next week. Cheese.—New Zealand, colored 78s to. BSs. white 86s to 965; Canadian c.i.f. quotation, 98s. Market firm, likely to advance. The New Zealand Loan and Mercantile Agency Company, Ltd., have received the following cablegram from their London house, under date November 4:— / New Zealand Butter. —Market slow, £lO to £lO 2s per cwt. Cheese. —Better market. Quotations unchanged. Last quotations: White £4 16s per cwt., colored £4 6s per cwt.