COMMERCIAL NEWS

Ashburton Guardian, Volume 56, Issue 50, 10 December 1935, Page 7

COMMERCIAL NEWS

DOMINION PRODUCE. HIGH COMMISSIONER’S REPORT. The Department of Agriculture has received the following cablegram, dated December 7, from the High Commissioner for New Zealand, London: Tallow—Fair demand at auction. Of 241 casks offered 173 were sold. Present spot quotations are: Mutton, fine 36s 0d fair to good 29s to 335,' dark to dull 27s to 27s 6d; beef, sweet andor mixed 34s to 405,, fair to good 28s 6d to 30s 6d, dark to dull 26s to 27s ; mixed, fair to good 28s 6d to 30s, dark to dull 26s to 275; gut, etc., 25s to 26s 6d. . ~ Eggs—Market quiet; easier at tne close. English, national pack 18s to 21s 6d, ordinary 18s 6d to 20s; Danish 12s 6d to 17s 6d; Australian 10s 6cl to 13s. _ , Fruit—Apples: Market steady- goocl demand. Californian Newtown 10s to 10s 6d; Oregon Newtown 12s to 14s; Washington Jonathans 8s 6d to Js bci, British Columbian Jonathans 8s to 10s, Cox’s Orange Pippin 11s 3d to 18s6d. Pears: Market slow. Californian Winter Nelis 11s to 13s 6d, Comice ILos to 17s; Oregon Beurre Boso 12s to ros. grain and PRODUCE. CHRISTCHURCH MARKETS. CHRISTCHURCH, Dec. 9. The produce market remains 9 ul f and it is not expected that there will be any revival in business until aftei Cl The n grain market is also quiet, and is expected to remain so until next season, when a busy time should be experienced. Crops at present a looking very well, and it there ripening weather continue , should be an excellent yield. Following are quoted puces to be paid to farmers on trucks at country stations, sacks extra, unless otherwise Wheat—-Tuscan 4s sd, Hunters4b 7d, Pearl and Velvet 4s 9d f.o.b. Selling prices to millers (all f.0.b.) : Tuscan 59 Hunteis os , Pearl and Velvet 5s 4sd. Fowl Wheat—F.O.B., 4s 9d. . Bran—Local, £4 15s; shipping, £4 l °Pollard— Local, £5 15s; shipping, £5. Flour—Local, £l2 7s 6d; shipping £ll 12s, with the usual increments tor smaller lots. , ' , _ Partridge Peas—4s 9d to 5s 3d (nominal) . THE SHARE MARKET. The following sales were made on the Christchurch Stock Exchange y terday:— LISTED STOCKS. Sales on ’Change.

THE WOOL SALES. EASIER MARKET AT SYDNEY. SYDNEY, December 9. The wool sales were resumed to-day, when 13,014 bales were offered. Of these 11,469 were sold at auction and 1872 privately. . . There was good general competition, but in sympathy with the recently reported easier trend in other Australian centres and London, the market compared with closing levels at the previous Sydney series, was from par to o per cent, lower. Greasy merino sold to 23d. AVERAGE £l2 9/- A BALE. TOTAL PAYMENT OF £247,000. AUCKLAND, December 9. Tho first of tho new season’s wool cheques will be distributed to-monow, when growers in tho Auckland piovince will receive an aggregate amount estimated at £247,000 on account o

the first Auckland sale, held on November 26. All sections of the community should benefit by the release of this large sum, which is almost three times the cheque received for the first Auckland sale last season. Christmas trading in the city should have a distinct fillip. The final figures will not be available until to-morrow, but from preliminary calculations, the average price per bale should be about £l2 9s or £l2 10s. This compares with £7 16s for the first sale last season and £l3 18s for the November sale in 1933. It is the highest average price, except that of 1933, since the 1929 average of £l2 9s. GEAR MEAT COMPANY. The directors of the Gear MeaL_Company, in their report for the year ended November 30, 1935, state that, including the amount brought forward, and after making allowances for depreciation and the payment of an interim dividend, there remains a balance of £15,213 7s, which the directors recommend for appropriation as follows In payment of a dividend of 9d a share, less the interim dividend of 3a paid in June, £11,500;* to carry forward £3713 10s. . . , - The profit and loss account shows tlie net profit for the year at £14,928 14s sd, compared with £22,912 11s 9d for the year ended November 30, 1934.

\ £ s. d. £800 N.Z. Govt. 4 p.c. 0 Ins., 1952-55 107 5 60 National Bank or 3 12 6 N.Z. (cum div.) •250 N.Z. Breweries (cum div.) ... (4) 2 13 0 200 Timaru Brewery (7s 0 9 0 19 0 19 o 6d paid) 200 Anthony Hordern ... 350 Broken Hill Pty. (5) 200 Dunlop Perdnau. 3 4 3 10 2 17 0 15 'Rubber ... ( 2 ) 200 Electro. Zinc (pf.) (2) 400 Quill, Morris (in1 19 0 5 0 0 liquidation) (4) £323 N.Z. Farmers’ Coop. (4-i p.c. stock, 1940) ... -• 87 10 0 £100 N.Z. Farmers’ Coop. (44 p.c. stock, - 1945) 100 Mount Lyell 87 10 0 1 0 11 100 Mount Morgan 1 lO u 100 Okarito (cum div.) Sales Reported. 0 6 0 d. £ s. £1600 Lyt. Harbour Board, 106 5 0 5s p.c., 1/6/53 20 Bank of Australasia 80 National Bank of 11 3 6 o • N.Z. (cum div.)' 3 12 100 Christchurch Gas ... 1 16 2 150 Broken Hill Pty. (2) 2 17 3 200 Electro. Zinc (gref.) 50 Mount Morgan 1 19 1 16 1 0 50 Okarito (cum div.) 0 6 0