COMMERCIAL.

Taranaki Daily News, 17 November 1926, Page 10

COMMERCIAL.

BUTTER AND MEAT MARKET. The Farmers’ Co-op. are in receipt of cable advice from their London office leading as follows: “Butter: Very slow; New Zealand new season’s 148 s to 150 s; stored, 136 s to 140 s; Australian 136 s to 1445; Argentine, 124 s to 150 s. Cheese; Quiet at 85s to 87s. “Lamb and mutton are weaker, owing to increased supplies of Argentine and Australian.’’ WOOL SALE REPORT. Messrs. Murray, Roberts and Co., Wellington, report:—The wool selling season opened on the 15th with a combined offering of just over 11,000 bales —a slight increase in quantity over the corresponding sale of last year—our catalogue comprising 1783 bales. As was to be anticipated, the clip is coming in much more sound this year, although hardly so robust in growth as might have been expected considering the mildness of the winter. Generally speaking, there was little tender wool in this catalogue, but a good many lots are short in staple, and there was not an abundance of deep preparing wools. So far the clip shows reasonably light in grease, but the wools shown to-day are all early shorn, and the later wools will probably come in with a little more condition. There was an exceptionally heavy of-1 tendance of buyers, all sections of the trade being well represented. At the corresponding sale of last year the season opened with a strong Continental demand, and the Home section practically looking on. To-day the position was rather the reverse, as the bulk of the purchases went to the Home operators, and the Continental bought sparingly in fleece wools, although fairly active on pieces and skirtings; France taking the top grade pieces at relatively good figures, and local mills were occasionally operating sparingly in good pieces. Taken as a whole the prices realised to-day are round about parity with the close of our season last March. We sold about.7s per cent, of the catalogue at auction, some of the wools carrying reserves slightly above the market. ABRAHAM AND WILLIAMS, LTD. The twenty-fifth annual meeting of shareholders of Abraham and Williams, Ltd. was held at the head office, Wellington on Monday. The Profit and Loss Account, including £14,207 14s lid brought forward from last year, showed a credit balance of £29,556 3s Bd, from which has to be deducted the interim dividend paid in April last amounting to S.l,Ti>l 18s, leaving a balance available for distribution of £21,798 5s Bd. A dividend of 21 per cent, for the halfyear was declared on the ordinary shares, which, together w’ith the 21 per cent, paid in April last, makes 5 per cent, for Jhe year, leaving a balance of £14,032 3s 8d to be carried forward. Messrs. R. E. Beckett, E. H, Binney, P. S. Larcomb and A. K. Simpson, the retiring directors, were re-elected. WAIKATO STOCK MARKET. The Farmers’ Co-op. Auctioneering Go.. Ltd., report: Beef.—The market is considerably easier, especially for ox beef, a drop of three to four shillings per ICOlbs. I having taken place since our last fort- j

nightly report. Prime ox is making 32s 6d per 1001 b and cow and heifer 28s per 1001 b. Fat shee.p.—Good yaidings are coming forward with prices firm for prime ewes, wethers and hoggets. Fat lambs are in demand with butchers at prices equal to 9d. No export prices are out yet. Store sheep.—There is a good inquiry for all. classes of stores, especially hoggets and ewes with lambs. Shorn wethers are wanted, but owing to the continued, wet weather not many lines are offering. Store cattle.—A good demand exists for all* classes, especially 2, 3 and 4-year steers, also good empty cows, and choice yearling Jersey-crocs heifers. Dairy cattle. —Very few good cows and heifers are offering with fair competition for good sorts. Pigs.—-The market is easier for fats, prices being equal to 5%d. Bacon companies operating at this figure. Stores are still meeting with ready sale at good prices. Horses. —There is little doing in the horse trade. DOMINION SHAREMARKETS. By Telegraph.—Press Association. Christchurch, Nov. 16. Sales on Exchange,—New ■ Zealand Government 4j per cent, inscribed stock, 1938, £96 10s; Australian Bank of Commerce, £34 3d; South British Insurance, 57s 6d; Howard Smith, 32s 6d (three parcels). Auckland, Last Night. Stock Exchange Sales: War Loan, 1927, 5 per cent., £99 2s Gd; Commercial Bank of Australia, 31s 9d; National Bank of New Zealand, £7 Is 6d; Bank of New South Wales, £44 17s Gd; South British Insurance, 575; Taranaki Oil, 10s; Alburnia, 4s sd, 4s 6d; Moanataiari 3s, contributing issue, 2s sd, 3s 3d, 3s Gd, 3s sd, 4s, 4s 2d, 4s sd, 4s 6d, 4s 8d; New Waiotahi (cont.), Is 4d, Is sd, Is 7d; Grand Junction, 2s 4d. LONDON METAL MARKETS. Received Nov. IG, 8.40 p.m. London, Nov. 15. Copper.—Standard, spot, £57 IBs 3d; three months, £5B 13s L’d. Lead.—Spot, £29 IJJs: three months, £3O. SpeltertSpot, £34; three months. £3317s Gd. Tin. —Spot, £3ll ss; three months, £3Ol 12s 6d. Silver.—Standard, 25%d; fine, 27(4d per ounce. LONDON WOOL -SALES. Received Nov. IG, 8.20 p.m. London, Nov. 15. The available quantity of wool for the sales opening in London on November 23 is 137,600 bales, including new arrivals from Australia of 55,600 bales and New Zealand 28,500. The Bradford tops market is showing better tone. More business "Ss being done and at slightly better prices. CHICAGO WHEAT MARKET. By Telegraph—Press Assn.—Copyright. Received Nov. 16. 5.5 p.m. Chicago, Nov. 15. Wheat quotations are: December, 1361 1-8; May, 141; July, 134 cents perl bushel. 1

HIGH COMMISSIONER'S CABLE. The Department of Agriculture has received the following cablegram, dated November 13, from the High Commissioner for New Zealand, London:— BUTTER. Market quiet. Official quotations are: Nbw Zealand.—Finest salted: Old: November 13, 138 s to 144 s per cwt. (Is 24d to Is 3Jd per lb.); November 6,. 145 s to 148 s per cwt. (Is 3Jd to Is 3Jd per lb.). Other qualities: November 13, 134 s to 138 s per cwt. (Is 2|d to Is 2Jd per lb.). Fair demand. New Zealand Control Board official minimum prices: Finest salted, 150 s per cwt. (Is 4d per lb.); first grade, 148 s per cwt. (Is 3fd per lb.). Australian.—Salted, practically no demand. November 13, 140 s to 144 s per cwt. (Is 3d to Is 3id per lb.); exceptional, 146 s per cwt.; November 6,142 s Ito 148 s per cwt. (Is 3d to Is 3|d per lb.). Unsalted: November 13, 160 s to lG4s per cwt. (Is 5d to Is s|d per lb.); November G, 166 s to 170 s per cwt. (Is s|d to Is 6Jd per lb.). Other qualities: November 13, 120 s to 136 s per cwt. (Is to Is 2ld per 1b.).. Canadian. —November 13, 138 s to 142 s per cwt. (Is 2d to Is 3d per lb.); | November 6,140 s to 144 s per cwt. (Is 3d to Is 3}d per lb.). Other qualities: | November 13, 130 s to 134 s per cwt. i (Is IJd to Is 2id per 1b.),. j Irish. —Creamery: November 13, 14Is |to 148 s per cwt. (Is 3|d to Is 3jd per lb.); November 6,140 s to 144 s per cwt. • (Is 3d to Is 3Jd per lb.). Unsalted: November 13, 152 s to 156 s pel’ cwt.(ls 4Jd to Is 41d per lb.); November 6, 154 s to 156 s per cwt. (Is 4jd to Is 41d per lb.). Argentine. —Unsalted: November 13. 142 s to 146 s per cwt. (Is 3d to Is 3Jd per lb.); exceptional, 150 s per cwt. (Is 4d per lb.); November 6,150 s to 154 s per cwt. (1% 4d to Is 4Jd per lb.). Other qualities: November 13, 120 s to 140 s per cwt. (Is to Is 3d per lb.). Siberian.- —November 13, 130 s to 132 s per cwt. (Is lid to Is 2d per lb.); November 6,130 s to 144 s per cwt. (Is Id to Is 3id per lb.). Other qualities: November 13, 124 s to 126 s per cwt. (Is to Is OJd per lb.). Danish. —November 13, 172 s per cwt. (Is GJd per lb.); November 6,178 s to 180 s per cwt. (Is 7d to Is 7Jd per lb.). CHEESE. Colonial market slow. Official quotations are: — English.—Finest farmers’: November 13, 102 s to 10.8 s per cwt. (10|d to 11 Jd per lb.) ;■ November 6,100 s to 106 s per cwt. (104 d to HJd per lb.). Canadian. —Demand is good for finest. Coloured and white: November 13, 86s to 88s per cwt. (9jd to Old per lb.); November 6,86 s to 88s per cwt. (9-Jd to 91d per lb.). New Zealand. —Coloured: November 13, 85s to 86s per cwt. (9d to 9}d per lb.); November 6,85 s to 86s pel' cwt. (9d to 9]d per lb.). White: November 13, 86s to 87s per cwt. (Ojd to Old per lb.); November 6,86 s to 87s per cwt. (OJd to Old per lb.). Finest coloured, 86s per cwt. (9}d per lb.); first grade, 85s per cwt. (Od per lb.); white, 86s to 87s per cwt. (OJd to Old per lb.). | Shipment of New Zealand produce arrived this week per s.s. Norfolk. Received Nov. ](£ 8.10 p.m. London. Nov. 15. Wheat cargoes are inactive and are 3d to 6d easier, freer American offerings making the closing prices lower. Parcels are in small request at (id to 9d decline. Liverpool futures are quoted: December, (Is Old: March. 10s lOd; May, 10s 6>4d uer cental