COMMERCIAL NEWS

Ashburton Guardian, Volume 56, Issue 62, 24 December 1935, Page 7

COMMERCIAL NEWS

DOMINION PRODUCE. HIGH COMMISSIONER’S REPORT. 4 The Department of Agriculture has received the following cablegram dated December 21 from the High Commissioner for New Zealand, London:— Tallow—Market very quiet in the absence of business; price nominally unchanged. Apples—Market steady. Californian Newtown 12s to 12s 9d, Oregon Newtown 13s 6d to 14s 6d, British Columbian Jonathan 6s 6d to 11s, British Columbian Cox’s Orange Pippins 12s to 18s. . ....... Pears Fair inquiry. Californian Comice 18s Beurre Bose 11s to 12s, Winter Nelis 13s to 14s. Eggs—Market firm. English, national pack 19s 6d to 22s 6d, ordinary 19s 6d to 20s; Danish 12s 6d to 18s 3d, Australian 10s 6d to 13s 9d- New Zealand, Akaroa shipment, quality and condition satisfactory, 10s 9d to 13s bd. FROZEN MEAT TRADE. Messrs J. T. Thomas and Co. have received cable advice from their London agents under date December 21, as follow:- '. New Zealand lambs, Down, 2 s Bid to 9d, 2’s, Bid, BJd; B’s, B*d, B*d. New Zealand mutton, small, 4|d, 53d; large, 3id, 4|d. New Zealand ewes, small, 3Jd ; 31 d; large, 2fd, 3d. New Zealand frozen beef, ox hinds, 3|d, 3|d; fores, 2Jd, 21d. Dominion chilled hinds, 41d, 5Jd; fores, 23d, 2}d. South American chilled hinds ■ 51d, 63d; fores, 2id, 33d. New Zealand pork, 63d, 7d. Australian lambs, 6d, 7id. Argentine lambs, 6d, 7d. Lambs—Buyers will only take small quantities at present prices, and there is a weaker tendency. Ewes—The market is firm and moderate business has been dope. Wethers—Trade is slow. Beef—The market is steady. Pork—The market is short of stocks until the next arrivals. Trade is affected by the approaching holidays. ROTOITI TIMBER COMPANY. V, ; ' ' ” (Per Press Association). Wellington, December 23. At an extraordinary general meeting of shareholders in the Riotoiti Timber Company to-day a special resolution was unanimously passed in support of the proposal to reduce the ordinary share capital by writing off 10s a. share, making the shares 10s fully paid. Steps are now being taken to obtain the approval of the Supreme Court to the reduction. The preference shareholders have, by the requisite majority, also agreed to compromise their claim for arrears of dividend by accepting a rate of 5 per cent, per annum in satisfaction of the total amount outstanding for the years ended June 30, 1929 and 1935 inclusive.