COMMERCIAL.

Press, Volume LIV, Issue 16219, 23 May 1918, Page 5

COMMERCIAL.

« — (By Cable.—Prees Association.—Copyright.) (Australian and N.Z. Cable Association.) SHARES. (Received May »2nd, 8 p.m.) LONDON, May 21. TTniki. buyers, 30?, sellers 375; of Australasia £110; Bank of Now South W«.le» £!!5 10s; National Bank of Now Ze-a..6.nd £•> 14 S; New Zealand Loan and Mercantilo £65 and £100 10a. AUSTRALIAN BUTTER. (Received Mny 22nd, 10.20 jwn.) MELBOURNE, May 22. Negotiations are proceeding to sell nert year's exportable surplus butter to tlio Imperial Government at 151s per cwt f.o.b. A new prices order advances the wholesale and retail prico of butter bj Jd per lb, making the rotail prico Is 6Jd. This is merely a prelude to a further increase m the event of production falling off. MAYFIELD STOCK SAIOE. The final sale of the season is connexion with the Mayfield Yards was held on Monday last, when the following linos were sold: —Fat ewes: 14 at 25s lid, 21 at 29a 3d, 36 at 26s lid; lambs: 175 at 26a 7d, <2 at 25s lid, 58 ewe lambs at 23a 6d, 21 wether lambs at 21s, 110 mixed sex lambs at 19s, 25 ewe lambs at 24s 8d; 48 rapo owes at 2Cs, 48 at 19s; 7 merino wether a at 2»s 6d, 164 four, sir, and eight-tooth halfbred owes at 27a. . PURCHASE OF SLIPE WOOL.

The conditions under which slipe wool will bo taken by tho Department oi Imperial Government Supplies aro &ot forth in a "Gazette Extraordinary." Tho Department ' is prepared to purchase all Blipo wool hold in store in New Zealand on November 16th, 1916, or produced thereafter in Now Zea< land, up to and including' November 80th, 1918, by tlio freezing companies on certain conditions. The following conditions wiQ govern tha purchase of Elipc wool in respect of which invoices have been rendered to the Department of Imperial Government Supplies prio' to April Ist, 1918: — , The price. to bo paid for the slipe wool wil bo determined as follows: —(a) Prom th average gross price per pound received fa each and every grade of slipe wool produce* by any- such company and sold in London between January let and December 81st, 1914, there shall be deducted tho sum of ljd poi pound, representing shipping' expenses, freight, and other charge*. (b) To th< residue in each case shall be added a sun equal to 55 per cent, thereof. (c) The said residue, plus the said 55 per oczit., shall b« the prices per pound to be paid respectively for the same grades of slipe wool produced by such company up to Juno 80th, 1917. In the case of sUpe wool is respect of which invoices have not been rendered to the Department prior to April let, 1918, the wool will be valued in aocord&noa with a 1 schedule of prices. The lengthy schedule i and many detailed conditions ate published in the "Gazette." . , ! AUSTRALIA'S WHEAT CROP. J A number of sailing vessels are sow load- I ing in Pacitlo coast porta for voyages to Australia. Others are fixed to go on the berth during the next two or three months. Most of these vessels will bo employed on the return voyage in moving Australia's accumulated wheat crop. t j BURNSIDE MARKET. I (KRESS ASSOCIATION TELSGKAM.) I DUNEDIN, May 22. [ At' Bumsido to-day 189 fat cattle were germed. The quality w good, and prices were 10s above last week's rates. The entry included a few pens of .extra prime. Prima bullocks brought £20 to £24, textra £28, medium £1G to £18 10s, lighter £13 to £14 > 10s, prime heifers £15,'- medium to good £121 10s to £14. others £9 10b to £10 10s. Sheep—24o9 were penned. - The quality was better than last week", although a larg< proportion was only medium. There was a good demand for prime at' late rates, ana at times beyond them. Extra prime heavj wothers for show purposes 60s .to 80s, prim* heavy 60s to 5Gs, prime 42s 6d to 495, medium to good 36s to 40s, light and unfinished 80s to 35b, extra prime heavy cwoi 44s 9d to 565, prime 38s 6d to 48s, medium to good 82a to 87s, light and agod 24s to ' 28s. Lambs—ls4l were penned. The quality was fair, and competition keen at late _ rates. Prime 29s to 325, extra 35s' 6d, medium to good 24 b to 28s, unfinished 19s to 235. Pigs—A lorge yarding of good quality mot with good competition at prioee slightly easier than last week. CHBISTCHUJtCH STOCK EXCHANGE. LATEST QUOTATIONS.

YESTERDAY'S BUSINESS ON OTHER EXCHANGES. (PUESS ASSOCIATION TELEGRAMS.) DUNEDIN. Sales : —Huddart-Park«r, <0*; Mortg»ge, 81b.

v Buyer*. Sellera. £ s. <L , £ «. d. BANKS— Union .. .. 66 2 6 — COAL— Taupiri ' — 010 3 Wostport-Stockton .. — 0 8 0 Westport-Stockton (fi per oGnt. pref.) .. ~ 0 11 3 FINANCIAL— National Mortjas© .. 4 0 0 — INSURANCE— • New Zealand .. 2 1!> C MEATSN.Z. Refrigerating .. 1 18 6 — SHIPPING— HuddaTt-Parkcr .. 2 0 0 2 0 C lluddart-Parkcr (6 per cent, prcf.) — 113 New Zealand (6 per. cent, pref.) .. 10 10 0 — WOOLLENS— Kaiapoi .. — 7 2 3 Kaiapoi (pref. re dir. only) .. — 610 0 MISCELLANEOUS— Colonial Sugar .. — 21 15 0 J).l.C. .. .. 0 10 0 — D.I.C. (6 per cord, pref.) — 10 3 Minion, Strutters (£1 paid) '.. .. 12 0 — N.Z. Consolidated Dental (cum div.) .. 1 G G — N.Z. Farmers' Co-op. .. — 3 8 0 N.Z. Farmer's' Co-op. (C per cent. 2nd pre!.) — 5 0 0