COMMERCIAL.

Press, Volume LIV, Issue 16363, 7 November 1918, Page 11

COMMERCIAL.

' • STOCK EXCHANGE. (By Cable.—Press Association.— Copyright. LONDON, November S. Stoc.'c Exchange is cheerful and fairly Consols ore quoted «. blj. TEE "WOOL PURCHASE. •\f J ■ \ Panneti, chairma i of directors • »J\ew /-eaiinid farmers' Co-operative °* i nrd Mr A. W- Jamison, acunga telegram to the' Prime vSSCr' stating that considerable misappnV -!il« eMtB sniougst the Association a v u rccardin" the purchase of wool, and C -kiasr if 3lr Masse/had completed the salo r'(kf,lmperial authorities, or if ho required <!u> further consent ai tho faftiicrs. Vrlterday Mr Jlasscy gent the following in Eng and I was .atisied t It rss in the interests cf Now Zta.anJ bat the present ariangemeut yrith regard to If", aho'jld continue lor a full season alter L°?w was declartd, and I then made certain with the reprccenlativM of the authorities, which will l>c adhered ! I have come tack 1 Lave looked 'nto the position, and find that the opposiJ?m, here to the rcherce is comparative 7 small; but io * ct °" <!r a l< * lir :' cailty (Sa is necessarv. j;id I am giving notice of >1 Bill to-day, ir. which the provision r.!quired will be -rsiadf. There is no occasion for any ansiety on :l-c r, ar t of producers. STATEMENT BY PUIME MINISTER. (STZCIAX- TO "THE WELLINGTON, November 6. Will the Prime Minister give the House 3or definite information regarding tho commandeering of wool by the Imperial Governwent? asked Mr W. Nosworthy (Ashburton), in the House of Representatives this afterB °"l 'may say that tie matter is practically settled," replied Mr Massey- Speaking for himself, he was very strongly of the opnion lliat, in the interests of tho whole of Jiew Zealand, the requisition of wool should be extended for at least one full a £kr the war came to an end A difficulty had cropped up, of which ho was not aware until just recently, and legislation wcold be neoesiary to give effect to the arrangement. He had not considered the legislation would have been necessary, but seeing that there was a difference of opinion on the matter, he had been advised by the Crown Law Office that legislation would have to be passed. As a matter of fact, he had given notiro of a Bill to-day, and he hoped to be able to j the measure through at an early date, lie had not tha slightest fear that the Imperial Government would go back on the proposals made by the Finance Minister and himylf. BURNSIDE MARKET. (PBESS ASSOCIATION TELEGRAM.) DUNEDIN. November 6. At Burn side to-day, there was a small vnrding of fat sheep of medium quality. Competition was somewhat erratic, but on the whole prices were on a par with laat week s rates. Best wethers made 47a to 50s, extra 53s medium to good 39s to 43ft, beat ewes 42s' io 465, extra 495, medium to good 39s to 40s, others 375, and upwards. Fat Cattle—There was a large yarding, including a fair proportion of good quality bulkoks and. heifere. • At tho beginning prices we 19 not so good last week, but cubse*. quently competition was keener, and the salo ended with prices on a par with last week's high rates. Best bullocks made £23 to £25, extra £26 to £30 12s 6d, medium to good £20 to £22, "best cows and heifers £17 to £18 10s, medium to good £14 10s to £16 10s, othera £11 10s and upwards. Fat Lamba—A number were of small sice, accounting for the low rates. Beet made 30s to 32s 3d, medium to good 25a to 28s, others 22s and upwards. , , , Pigs—A good yarding was cleared at prices about 10s to 15s below last week's rates. A large yarding of stores wag ottered, and prioes were on a pwr with thoso ruling 1 laat week. BILLS OF LADING. The matter of securing through bills of lading for goods shipped at Eastern ports by vessels making. Sydney or Melbourne their terminal ports was discussed by the council of the Wellington Chamber of Commerce on Monday.' It seems that the shipping companies concerned are quite able to secure full cargoes at Eastern ports for,! Australian ports, and they, do not feel , themselves under any / obligation to take the Tesponaibility of issuing through bills of 1 jading for' Hew Zealand goods, as a t present, * owing to . the shortage of shipping, such goods sometimes lay _ about tho Sydney" wharves for six or eight weeks, subject to pillMfiogr and deterioration were such bills issued the companies concerned would have, to employ transportation offloeis, and make themselves responsible ' for claims. The council was unable to find any solution of the difficulty, realising that the action of the companies concerned was purely a business consideration.