COMMERCIAL.

Taranaki Daily News, 5 December 1922, Page 2

COMMERCIAL.

JEBINO WOOL PROFITS. By Telegraph.—Press Assn.—Copyright. London, Dec. 2. The newspaper Statist points out the handsome profits made on merino wools purchased by speculators at the Australian sales and resold in London. It publishes a list of 90 New South Wales, Queensland and Victorian clips for which the London sale price exceeded the Australian by from 4d to 16d per pound. The 1 average excess was about lOd, from which must be deducted 3CL per freight and other charges. LOAN AND MERCANTILE INVESTMENT. London, Dec. 2. The New Zealand Loan and Mercantile report states that the company has acquired a large interest Jn the Godin Company Proprietary, Ltd., Melbourne. The directors believe the acquisition will prove an excellent investment, and that the connection win be advantageous to both undertakings. BUTTER AND CHEESE. By Telegraph.—Press Association. Wellington, Dec. 4. Nathan and Co. have received the following cablegram from London: New Zealand butter, 186 s to 1965; buyers very scarce. Australian, 178 s .to 180 s. Zealand cheese, 124 s to 1265; business quiet. Canadian, 122 s to 1245. LONDON WOOL SALES. By Telegraph.—Press Assn.—Copyright. Received Dec. 3, 5.5 pjm. London, Dec. 1. At the wool sales a moderate selection of greasy merinos met with good general competition for best lots in all classes, but faulty scoureds were still irregular. HUGE PROFIT IN OIL. Received Dee. 3, 5.5 p.m. London, Dec. 2. The Anglo-Peralan Oil Company's profit for the year is A dividend of 20 pep cent, was declared. It was recommended that £1,739,173 be carried forward. DUTY ON WOOL TOPS. Sydney, Dec. 2. Mr. J. B. Suttor, Trade Commissioner to Japan, states that, owing to the unsatisfactory business methods of Australians the Japanese are installing ft combing plant to treat twentyfour million pounds of wool tops annually. He forecasted an early duty on the export of wool tops.

LOAN AND MERCANTILE COMPANY. BALANCE-SHEET SUMMARISED. By Telegraph.—Press Association. Wellington, Dec. 2. The Loan and Mercantile Agency Co. has received a cable from London intimating that the company will hold its annual meeting In London on December 14. The revenue account, after paying taxes £BB,OOO, making provision for bad and doubtful debts, providing £65,000 as a special contingent provision required by New Zealand, and transferring £lOO,OOO from the general reserve, shown a balance of £ 139,143. After charging debenture stock Interest £BB,OOO, the balance is £71,143, or with the amount brought forward, £88,448. The interim dividend and dividends now proposed will absorb £70,000, leaving £18.448 to be carried forward. The dividends proposed are a final dividend on preference stock of 2% per cent., less English Income-tax 3s 5d In the £l, and on ordinary stock 2 per cent., free of English income-tax. THE WOOL MARKET. THE WANGANUI SALE. Newton King, Ltd., report that their offerings at this sale were composed mostly of back country wool of last season’s clip. Compared to the January sales prices for the finer sorts appreciated 3d to 4d per lb, and coarse and inferior 2d to 3d. The following in the range of prices:— Halfbred 17d to 20d, superior crossbred Hid to 12%d, medium crossbred 8d to lOd, coarse crossbred 7d to B%d, Inferior Cd to 7%d, pieces 3d to 7d, crutchlngs 4%d to 6d. ADDINGTON STOCK MARKET. LOWER PRICES IN SOME SECTIONS. Christchurch, Nov. 29. At the Addington stock market to-day, with the exception of fat sheep and lambs, the yardings of stock were on the whole not so heavy as last week.

Store Sheep.—There was a medium entry. All classes of dry sheep and ewes and Jambs made good values, a total clearance taking place. Values were: Forward 4 and 6-tooth wethers 24s 8d to 26s 3d, 4 and 6-tooth wethers 21s lid to 225, 4, 6 and 8-tooth wethers 23s to 24s 4d, good 2-tooth wethers 18s 8d to. 20s sd, small 2-tooth wethers 15s to 16s 4d. forward 2, 4 and 6-tooth dry ewes, 25s 6d, 2-tooth crossbred ewes 21s 4d, aged ewes and lambs 14s 8d to 15s Id (all counted), sound and falling-mouthed ewes and lambs 17s 6d to 21s 9d (all counted).

Fat Lambs.—A yarding of 900 was penned, but there was not. keen demand. Prices dropped from 2s 6d to 4s per head, the per lb price being 9%d to lOd, compared with 10%d to lid last. week. Extra prime lambs made 80s to 335, prime 28s to 29s 9d. medium 24s to 27s fid, light and unfinished 19s 2d to 23s fid. Fat Sheep.—Eleven full races were penned, compared with eight last. week. Most of the entry was shorn, and fetched about %d per lb less than last week, wether mutton making fid to and ewe mutton 5%d. Extra prime wethers realised 32s to 3Rs, prime 28s fid to 31s fid. medium 25s fid to 28s, light and unfinished 20s 4d to 255, Extra prime ewes 29s to 335, and a few special to 375. prime 26s to 28s 9d. medium 22s fid to 25s 6d, aged and unfinished 17s fid to 21s 9d. Fat Cattle.—37s head were sent forward, compared with 444 las* week. The quality was fair, but owing to the hot weather butchers did not seek big cattle, which were down 20s per head on late rnfng. Prime medium weights were down 10s ner head. Extra prime steers realised £l3 10s to £l5, prime £ll to £l3 5s fid. m p dlum £8 5s to £lO 17s fid. light and inferior £5 17s fid to £7 17s fid. Prime heifers made £7 5s to £B. medium £5 to £6 17s fid. light and inferior £3 5s to £4 15s. Extra prime cows to £lO. prime £6 10s to £7 12s fid. ordinary £4 15s tn £6, aged and Inferior £2 15s to £4. Prim? medium weight realised from 28s fid to 31 r per 100 lb, big beef ?6s tn 295. medium 23s fid to 25s Gd, secondary 20s tn 235.

Venters.—Runners tn £4 15s. ordinary vealera £3 5s tn £4, small calves Ss upwards.

Store Cattle.—A largo warding, but the demand was not keen. Throe-year-old steers made £4 15s to £5 10s, IS-month and two-

-oar-old steers £1 15s to £2 ss, yearling ■sixers 15s to £1 2s fid. Two-year-old heifers £-2 5s +0 £2 10s, yearlings 17s fid to £1 ’Medium cows £1 3s to £1 7s 6d. poor fid tn 17s fid. Dnlrv Cattle.—Only 60 head were sent forward. but the supply was equal to the demand. Extra, good second, third, and fourth clivers, springing, made to £lO, gond second, third and fourth calvers. springing £5 to £8 !os, medium springers £2 tn £4 10s, extra go.M springing heifers tn £7. good springing heifers tn £7. gnod springing heifers £3 to £5. afted and inferior cows £1 to £2. Fat X*igs.—A small yarding was penned. The demand was better and prices showed an improvement. Choppers made £1 10s to £3 10s, light baconers £2 15s to £3 ss. heavy baconers £3 7s to £3 12s (average price per lb, light 5%d to 5%d, heavy 4'6d to sd), light porkers £1 Ss to £2 ss, heavy porkers £2 7s to £2 10s (average price per lb fid to 6%d). Store Pigs.—Large stores 34s to 375, medium stores 28s to 83s, small stores 16s to 28s, good weaners 15s to 20s. small weaners 10s to 18a, tows in pig (inferior) £2