COMMERCIAL.

Auckland Star, Volume LII, Issue 214, 8 September 1921, Page 8

COMMERCIAL.

LONDON' PRODUCE MARKETS. HIGH COMMISSIONER'S CABLE. (By Telegraph.—Own Correspondent) ■WELLINGTON, this day. The Department of Agriculture has received the following cablegram, dated 3rd inst., from the High Commissioner for New Zealand, London: — Meat. —Mutton market continues weak, specially for heavyweight. Lamb market slow with weaker tendency. More Home killed and Dutch, and better variety of meat available. Beef in better demand and tendency upwards. Argentine chilled supplies scarce. Prices on September 8 were as follows: N.Z. mutton, lightweight, N.Z. mutton, heavyweight. 6»d; N.Z. lamb, best lightweight. 1/1; N.Z. lamb, medium weight. I/O*: N.Z. lamh. heavyweight, Hid; N.Z. lamb, 2nd class qnalitj, *d to Id lower; X.Z. beef, prime ox, hinds, Od, fores 4Jd. I Butter.—Market this week extremely qoiet, and prices irregular. Home market weaker with very little inquiry. New Zealand. Ist and 2nd grade, September 3, 244/ to 246/ per cwt.. 2/2} to 2/2* per lb.; August 27. 264/ to 26*3/ per cwt., 2/4} to 2/41 per lb.; August 20. 264/ to 266/ per cwt., 2/41 to 2/4 J per lb. Government, ci etore price: New Zealand Ist and 2nd grade, September 2 to S, 242/ per cwt., 2/IS per lb.. August 26 to September 1, 262/ per cwt.. 2/4 per lb.; August 10 to 25. 262/ per cwt., 2/4 per lb. Cheese.—New Zealand prices lower in I sympathy with Canadian. September 3, 118/ to 122/ per cwt. 1/ to 1/1 per ]b, . 114/ to 120/ per cwt, 1/Oi to 1/0J per lb; Auguet 27. 12S/ to 130/ per cwt, 1/11 to 1/2 per lb, 126/ to 130/ per cwt, 1/1* to 1/2 per lb: August 20. 134/ to 138/ per ; cwt. 1/2* per lb, 130/ to 134/ per cwt, 1/2 to 1/24 per lb. Hemp.—Manila market little more active and prices firm. .T grade Jnly shipment sold £37 10/ per ton, August-October and September-November shipments sold £37 per ton. New Zealand martet very ' quiet, but steady. Highpoints, epot, sold £42 per ton. Other quotations are nominally unchanged. Sellers highpoints August-October and September-November shipments £37 10/. fair £35 per ton. j Probable buyers about £2 per ton less. ! Wool.—Sales continue with brisfe demand, nnd competition animated. Prices hare advanced 5 per cent since opening for merinos and fine crossbreds. New Zealand crossbreds meeting with good demand from Home trade. Keen bidding for slipe. FAEJIERS , FREEZING CO. EIGHT PEE CENT OTVIDEND. In suggesting a dividend of eight per cent Tor the year ended June 30 last, the annual report of the Auckland Farmers' Freezing Company records a large decrease for tbe year in tbe number of sheep and cattle carcases killed and frozen, as well as in the cheese bandied, bnt an increase of 55 per cent in the quantity of butter .put into cold storage in that period. The fall in beef prices in Britain was stated as the reason for the falling: off in the number of cattle killed. There were 6237 les»= befef carcases, and 28,07 a loss mutton carcases .frozen than in the previous year, while the lamb carcases frozen had increased by 6506. Dorini The year 7t5G,414 boxes <vf bntter were frozen, being an increase of 274,643 boxes on tSie amount handled the .previous year. The cheese received was 135,505 crates, a decrease of !)OS6 crates The branch works at Moerewa North Auckland, would Tic ready for working a: the beginning of December, the account of that branch at present showing a debit of i36G3. Exclusive of the Moerewa branch, the profit /<vr\tho year was £13 5590 and that, with £:«.-._> brought forward from last year made a total of £17.202. 'It was proposed to pay a dividend of S per cent on A and TS shares, absorbing £13,044 aDd leavinK £63rr to be carried forward. The annual meeting will be held on Thursday, September 20. NORTHERN BOOT COMPANY. FFV£ PER CENT DECLARED. A five per cent dividend was announced by the directors o.f the Northern Boot Company at the annual meeting of shareholders, held yesterday afternoon. Mr. G. veinstone presiding. The directors reported that tbe v.et profit for tlio past year was £1007. after £2n.i3 10/ had been paid for land and income tax and ten per rent had been written off stork and plant for depreciation. Payment of a dividend of fire per cent, and of directors' honorarium, would absorb £1000. and the balance then left to the credit of the profit and loss account would total £3506. The chairman explained that the past year had been a difficult one. owing to the early effects of the trade depression tied the competition of heavy importations from Australia forcing, local 'manufacturers to clear stocks at low prices He remarked that the taxation of £3000 on a concern whose gross profit ranged from £7000- to £SOno annually was a burden that local indi'Kiry cou'.d not long bear. The retirins directors (Messrs. IS. C. Car: and W. P. wore re-elected, and Mr. E. 'L. Jonas was Tpappointed auditor. PROPERTY SALE. Snmuel VaUe and =nns. Ltd.. will hold an auction sale at their rooms. S3. Queen Street, at 2 p.m. t.v—orrow. when th-p followins properties will he offered:—Hou«" of six rooms at No. 47. Hepburn Fti-ect, on the <":ins:r«w r.o:is» system- lnwise of five rooms in Poring Ptr«et City: also under conduct of die Rprisrnr o* ttie Tourt a farm of "JSSa 3r 3-jp in the parish of Jlatakana.