COMMERCIAL.

Auckland Star, Volume LII, Issue 25, 29 January 1921, Page 9

COMMERCIAL.

THE LONDON MARKETS. j LONDON. January 27- j RATES OF LHSCOIEST. | Short loans, Oi per cent., as against ai per cent, last week: three-months bills, <ii per cent., the same as last week. i FOREIGN EXCHANGES, j i The following rates on foreign exchanges I are current to-day, as compared wiQi tue 1 | cabled quotations on January 24 and par:— ' Jan. 27. Jan. 'M. ParParis :a!t. ZL4O 25.235 I «oii-h.olru ITfcr. Swre 17.47 IS.TSit ! Christiauia 2Okr. 4Oore 19.37 18J.50 i Calcutta .. 1,54 l/'si 2/ I Montreal .. 4ii<jl 32c 4.2U 4.8C6 i New York :Mol. 86c. 3.78 4.5» i Hongkong., li'lo 2/IOJ — | j Yokohama.. 2/tij 2/ej 2AH j CONSOLS AND N.Z. STOCK. I The following table frfve* quotations for • I consols and colonial in-<cri-hed stocks, comI pared with those of January "JO:— l'rk-e. Variation. £ b. iL 8. d. ' • Consols. 21 per cent .. WIT t> 17 5T I I British !» p.c. war limn XI 17 6 LI Of , British j p.c. war loan S4 12 6 10 0* New Zealand 4 p.c, 1029 85 15 o a> <>T New Zealand 34 p.<-_ umo ts> 0 0 20 Ot New Zealand a p.c. UMG js T ti 2 tf* fHigher. Mxjwer. PRODUCE. Wiheat.—<Quiet. The demand is slow. Flonr.--Dull. Bakers are holding off in ! the hope of. farther reductions. 6X6 c.i-I-i* asked for Australian due -to arrive at the end of Ejebrnary. ■ Oats.—Easier. La Plata, on spot, 33/6 to Barley.—Quiet. Australian, on spot. 75/ to 88/. I Peas and Beans.—Qniet. Prices uni f-hanced. Sugar.—Grannlated. 72, . BUTTER. I The price of butter is steadily declining. j The CTOrJrnrnent is now purchasing xranlsli iat 226/ f.0.b.. compared with 286/ In the J middle of December.—(A. and N.Z. Cable.) (Received 6 a.rn.| LONDON, January 28. Copper, spot £63 12/0, three-months £7O 3/0. Electrolytic copper, £77 and £79. Lead, £23 57 and £23 16/. Spelter. £24 and £25. Tin, £174 15/ and £180 li> . Silver 3/3Jd per ounce.—(A. and N.Z. Cable.) AUCKLAND GAS COMPANY. I PROFIT OF £47.522. The report of the directors ot the Auckland Gas Company. Limited, which will be presented at tho 50th annual meeting on ! I Monday, February 7. shows that the profits \ for the year ended December 31 laet ! J amounted to £47.522. after deducting work- ! j ing expences, cost of repairs and renewals, j ■ management expenses, interest bad debts. ' i and other charges. The profits of the preI vlous year totalled £35.483. The balance to I the credit of the proat and loss account is I £43,621, which, added to profits, gives a I total of £01,1-14. The interim dividend ! paid in July amounted to £27 642 wliich I reduces the total to £68.502. The directors I recommend a dividend for the past half- I year of lid per share on £1 fully paid shares, and a .proportionate dividend on £1 contributing shares (9/ paid), which will ! absorb £27.671. leaving a balaoce of £35,830. The following note is appended:—"The large increase in wages paid in accordance | ' with tlie recommendation of the Arbitration ! Court, together with the increased price of ! coal and our inability to secure full supplies : from either Westport or Newcastle, the ] latter owing to an embargo placed on the I erpcirt of Maitland coal by the Common- ' wealth Government, with the consequent I . restrictions on the use of gas during the I year, has involved a great deal of additional ' expenditure Trhteh nas rendered It necessary ! las indicated In the above figures, to draw !on the balance -brought forward from the ' I previous years to the extent of £7,791 to pay ■ the ordinary dividend." " ! The statement of accounts shows that '. the receipts from the Rale of gas dnrinc the year amounted to £307,.343 The D ro , I vlous year's total was £273 579 the in i crease therefore beins £31,766. The sale of residuals, fittings, stoves, etc.. last I year totalled. Sa.'iae. and interest on war I loans amounted to £lfifi3. On the expendi- , ] tuxe side it is shown tiat the manufacture lof gas cost £216.138. The cost for the previous year was £175,700, thp jncrea33 being £40.438. Coal last year cost £159 3T2 against £128,64 a, an Increase of £32 927" '■ The cost of the distribution of" pas 'was £42.910, against £33 598 the previous r»ar The total expenditure amounted to £321 22a and the total receipts to £368,745." The ■figures for the previous year were £267 f>74 nawi £823,138. Tie rettricg directors^ Messrs. T. Peacock and T. W. Le~ a offer themselves for .re-election. Thp auditors •Messrs. J. T. Huddle and 'W. W. Bruce offer themselves for re-appointment. I WAFKATO SALES ' The Farmers" Co-op. Auctioneering Co.. > Ltd., report:— At Hamilton on Thursday. January 27. we had a full yarding of cattle, s-heep and pigs, and although values were low. compe- | tition was fair, and practically everything was disposed of. ' The supply of beef was but cow beef was easier. Best hnlloeks made to £17 12/. lighter weights £11 13/ to £15 10/. Best cows to £11 15/. lighter £7 I ■ 13/ to £!> 10': fresh conditioned rows. £4 ! 12/6 to £6 10/. according to size. No two or three-year steers were penned. Yearlings were saleable up to a certain figure, heifers makine from £3 3/ to £5. steers_£'. to £3 11/ for medium quality: smaller sorts £2 "i.V, to £2 It! . Weaner calves were not strongly represented: medium sorts up to 35/. A pen of good quality Shorthorn calves irniied) was sold at 31/. Bulls realised from £4 to : £9 15.. according to weight. j The sheep pens were well ailed, and in consequence values considerably declined. . although a Hue of well fatted ewes from ! the raolou' club realised 2ti/: other lots 19/ to 22/. Best woolly lambs (forward) made I to -2<>'2, second quality 17/ to 19/. Shorn ilauilis, 11/8 to 15/. I The market for piss showed no i : m^rove - i .meat—rafher the reverse. Baconers made to £3 10/, porkers to £3. weavers t>. to I~>'. j Dairy heifers up to t'lo 15/. MARKET REPORT. Messrs. Abraham and Williams. Ltd.. report:— Hides. —Cow. best 4»d to od, medium :ijd to 4d rough. 3d to 'Mi. damaeed lid to 2U. j cut 3d to 3*d: ox. extra heavy 7d to 7*d. : heavy o}d to "d. medium tyd\ to «Jd. ]l?ht !od to Md. cut 3d to 3Jd, dtuiiaged 2d to 2M: yearlinc;, 3*d to 4d, cut 2ii to 2Jd. damaged I l*d to "2(1; calf, good 0d to Sid. medium ~>'l ito sid. heavy 4d to 4+d. damaged ljd to I'd. j cot 2id to 3d; horse, large 16 to 10 medium 6/ to 7/. small 4/ to 5/. I Tallow. —••Shipping casks. 35.;: casks, best I 28/ to 32,', medium 23/6 to 25/. rough IS/ 'to 20/ per cwt; tins, .best DO/ to 22/' i. ordlnarv 18/ to 20/, dreigy and burnt 15, to . 17/ per cwt. , Bones.—Klood, dry. £S 10, to £i> per ton. Skins.—Pelts, salted, nrst 1 «. second I".: , spring lambs. Od to \/"A: dry skins, first +J'l ito od. second 2id to .''.d. dumoged 2d to 2jii: I three-qnarter wool, first 3jd to 4<l. s?co'id 3il to 3|d. damaeed Hd to 2/1: half wool, first 3d to 3*d, second 24<1 to 3d. damageil Id to lid; pelts, first 2d, second Id tn IWlianiaged no value. OHAIN AND POTATOBS CIi'RISTCIIUiU-H. Friday j I'n'settled weather is delaying tlirribirifi land few samples are coming n\. The la.«: 'threshing was done about the Su-gluu'iig oi i last week. The crops we-" rhiet.insr :::■_•.-•■ j rapidly thiin the bimli-rs .ouM k.-.-,, i.a-"*" 'with, and the -wet weather h±?. r-Mil:r-d in large areas of dead ripr rorn. A dry:::s wind or two has allowed cutflns to b<- .irriod on .intermittently. Fortuunti-Ii tie wind-; hare I not lieen of a t-haract<T t.i muse inurh or la "shake. ,. It is p-ncrallv -'r*' l '' ;r,: i the wheat yield will !>•• ai">«t i'"' r ,L, "' I bushels per n-c-re lower tliaii last »»'" "» the urea s«»n. 1:. : bi; a S 2!". sate. I repr.-fcnts abn.it 1 .OOH.OOO bu«hPK hra«« i h*>fn-p llie break in the wcatliT, and a pat•tlcul'arlv well-fllled sampl.; »f.id at 8/ per ! bushel " inferior realißJnK 7 'i. The cocis--1 foot harrestinp ha* "liffered more on the nenindiiia tnrous;li Ihc weather than the ordinary crair. -mp, elsewhere. Much of it has'lii'f!! lyins i'ui, and loss may be exfc(t<>'l when ii la aataered. The crop is exported n> !><■ n -sr the average. Potatoes bare t>een the subject of medium bnsiness at £4 t.. £4 10/ f.0.b.. bnt the recent mixture of rain and heat is conducive to bHght, and sellers are not firm at (ide valms,.