COMMERCIAL.

Press, Volume LV, Issue 16470, 13 March 1919, Page 5

COMMERCIAL.

A2f ALLEGED EMBABGO. (By.Cable.—Press Ateociation. —Copjrigit.) (Australian Cable Astoci&tio^) (Received. March 12th, 7.35 p.m.) NEW YORK, March 9. New York newspapers give prominence to a despatch from Melbourne, stating that the Government hae prohibited the importation Of all goods except of British origin. SHEET-METAL INDUSTRY. (By Cable.—Press Association.— Copyright.) (Received March 12tb. 11.15 p.m.) LONDON, March 12. Mr W. R. Lvsaght. the South Wales metal sheet maker, hopes that his firm's Australian works will be ready in a year or two. PRICE OP WHEAT. (Received March 12th, 9.50 p.m.) SYDNEY, March 12. The Farmers' Conference resolved to aek the Government to guarantee a minimum prioo for wheat for the nest three years of 5s 6d per bushel, f.o.b. AUSTRALIAN PRODUCTION. MELBOURNE, March 12. The estimated yield of tie Commonwealth, wheat harvest for 1918-19 is forty million bushels ehort of the previous yield. Gold production shows p, drop in value from £6,183,173 to £5,424,131. The incomplete wool figures also show, a decline. LONDON MARKETS. HIGH COMMISSIONER'S CABLE.

The Department of Agriculture, Industries, and Commerce has received the subjoined cablegram® from tlie High Commissioner for New Zealand, London, dated respectively February 22nd 2nd March Bth. _ (-Note. — Owing to mutilition iu. transmission of several words in the cable of February 22nd, this could not beldecoded earlier for issue): F February 22, 1919. "Meat, Dairy Produce. —No change in price at present, but reduction will be mauo in meat and cheese in a week's time. Hemp —Manila, market is quiet, but steady; output, January Ist to February Bth, 80,000 bales; New Zealand small business has been done with shipment to be in February, March or April. Fair grade £50, small sales have taken place. High-point fair grade £56, for near at hand hemp. Wheat offers for account of Government continue 6mall 6cale, No. 1 Northern Spring, No. 2 Hard Wintor,, No. 3 Northern. Manitoba, at same rate 80s. March 8, 1919. "Meat—Wholesale price reduced ■ 1 ores, hinds, American, Canadian, 10£' i, Is lad; African, British, Central Africa, 10id, Is lgd; other countries, 101 d, Is 2fcd; mutton, Is lid; veal, 10id; pork, Is 4d. _ All retail prices reduced 3d per lb from March 3rd. Hemp—Government issue prices Manila, reduced as from March' 6th, grades J.K.L.M., £G5, £62, £60, £55. It is reported Government oontrol Manila hamp trade as far as shipment concerned will be abolished not later than end of Maroh. New Zealand, spot demand is good, shipment April-June offered £55. Government have cancelled JNew Zealand hemp maximum price orders.' LONDON WOOL SALES. Advice has been received in Christchurch that the London wool sales open on April 2nd, when 80,000 bales of Government wool will be offered. PRICE OF FLOUR. ' A "Gazette" extraordinary has been, issued fixing the price of flour at £15 per ton, instead of £15 10s aa formerly. LAND SALES. Yesterday afternoon, Dalgety and Co., Ltd., held a sale of leases of Canterbury College reaervea, situated at "Waikari. Mr W. H. Turner obtained -the lease of lot 1, 254 acres, at 23s 6d per acre per annum, and Mr McPherson, the present holder, obtained lot 2, 174 acres, at 21a OJ per acre. A sale ol land at Tai Tapu was held on behalf of Mr C. H. Ensor. A block of 48 acres, with house and buildings, went to J. Coakley, at £96 10s per acre, and the other block of 55 acres was sold at £75 per acre to Mrs McDrury. Messrs Jones, McCrostie Co., Ltd., sold at their land ealo rooms last night a number of North Beach sections situated just above Beach road, on and adjoining the sea front. Following are details: — Lot 7, 20 perches, £73, —. Paul. Lot 8, 20 perches, £77 103, J. A. Sheard.

.Lot 9, 24 perches, £55, R.. Osborne. Lot 10, 24 perchea, £54 10b, 0. T. Aflchman. Lots 11 and 17, each 20 perches, £52 each, W. T. Menzies.

Lots 18 and 19, each 24 perches, £55 10s each, —. Ellis.

BURNSIDE MARKET. (PRESS ASSOCIATION TELEGRAM.)

DUNEDIN, March 12. At Burnsido 233 fat cattle were yarded. The quality wae fair, there being only a few pens of prime heavy bullocks for--1 ward. Extra prime bullocks. mttde £22 to £23 10s, prime £18 to £21, medium £16 to £17- 103, prime heifers £15 15s, medium £13 to £14 10s, light £9 and upwards. Sheep—2749 were penned. The quality waa medium. Competition wae fairly good, but prices declined Is 6d to 2e per head for prime heavy wethers. Medium and light sold at late rates. Prime heavy wethers made 465, medium 40s, light 26s and upwards, prime ewes 398, medium 33s 6d, light and aged 21s and upwards. Lambs —1080 were penned, realising up to 32s 3d under keen competition. Figs—A good yarding sold at late rates under keen competition. FISH AND OYSTEES. THE DUNEDIN MARKET. (special to "the press.") DUNEDIN, March 12. At a meeting of Dunedin fishmongers, a resolution was carried protecting against the unsatisfactory condition of the Bhiff oysters. A motion carried was to the effect that the fishmongers will ccase accepting these oysters till they arrive in better condition, say for one month. It vra3 etated that the oysters were often half dead, and a third undersized, and that there was too large a proportion of empty sheila. Fish is very scarce in Dunedin. The boats are going out. but finding not much to catch. This morning at the auction market one dealer paid 38s for 34 Ted cod, up to 14s a dozen fair barracouta, Is 9d per lb for ling, and 7a per dozen for big flounders. PRICE OF APPLES. "Nelson apples oannot be placed on the Wellington market to-day for less than 3s 9d per case," stated Mr A. Leigh Hunt' at Monday's meeting of the Council of th© Central Chamber of Commerce, when the price of fruit was under discussion. In answer to a question, he stated that the auia lie hud referred to went in harvesting, grading, packing, freight, andsimilar charges. A member of the Council etated that his brother-sold his whole crop of apples at Id a lb—and made a profit. \ EXPORT OF POTATOES AND HIDES. . (PRESS ASSOCIATION TELEGRAM.) AUCKLAND, March 12. The Farmers' Union passed unanimously a resolution protesting against Government interference with tho export of potatoes and hides, or the fixing of prices, as tending to restrict production and penalised tho community. OUTPUT OF WOOLLEN MILLS. Tuesday's "Southland Times" states: — There is a rumour in circulation to the effect that four of tho large South Island woollen mills have decided to divert all their output to the retail houses. Enquiries made amongst the managers of the local wholesale and retail soft-goods businesses fail to 1 substantiate the report, 'all stating that r.o [ such step is known to them. CLEARING SALE. The National Mortgage and Agency Co., Ltd., in conjunction with the New Zealand Farmers' Co-op., held a clearing sale at Highbank on Monday. on account of Mr F. TEo followins were the prin-, cipal sales:—lol two-tooth halfbred ewes at I 345, 207 two-tooth three-quarterbred cwe3 at .45s Sd, 219 two-tooth crossbred ewes at 33s tid, 2 fat wethers at 25e. MAYFIELD STOCK SALE. The following sales- were made at the Mayfield yards on Monday last:—Fat sheep— Ewes: 17 at 26s sd, 47 at 2Ss, 4 at 27s lid, 73 at 23s Bd, 27 at 30s, 27 at 275, 26 at , 27s Id, 21 at 255. Wethers: 6at 29s Bd, 12 at 2§s Sd, 57 at 27s £d. Lambs: 30 at 25a 6d. Store sheep: So rapo ewes at' ISs 3d. Cattle: Holstein cow in profit £13 os, 2 heifere at £10 as, calf £4 os. Horses : £11 10s to £50.

CHRISTCHURCH STOCK EXCHANGE. LATEST QUOTATIONS. Bnyera. SeU«r». £s. d. £«. d. DEBENTURES— . N.Z, Government 4Jper cent. Inscribed .9' 0 Auckland Harbour Board ■ 6J per cent. .. 93 0 0 Christchnrch Tramway I Board 4i per cent., 1931 90 0 0 Lvttelton Borough 4 P« ' cent, 1929 . •• — 90 0 0 BANKS- _ * National oi Z«aJ J , . TT Oiv U zT South Waies 37 10 . 0 3S 0 0 Union of . Australia (rights ) JIB .

■INSURANCE— South British .. 710 0 — LOAN AND AGENCY— Goldabrough Mort (Melbourne) .. .. — 2 ,7 0 National Mortgage ' 411 0 — SHIPPING— Huddaxt-Parker .. — 2 16 FROZEN MEAT— Canterbury .. .. _ 10 10 0 N,Z. Refrigerating Co." — 2 U o COAL— Taupiri .. .. 019 3 — Taupiri (8 per cent, cum pref.) .. .. 13 0 — .LiEEWERIES— • Crown .. 18 8 — CEMENTS— "Wilson's N.Z. Portland — 0 15 6 MISCELLANEOUS— Colonial Sugar .. — 21 10 0 Eclipse Petrol .. — 0 0 0 5.6. Drug Co. .. — 2 13 9 MINING— Waihi ~ .. — 2 3 0 YESTERDAY'S BUSINESS ON OTHER EXCHANGES. (PRESS ASSOCIATION* TELEGRAMS.) j AUCKLAND. Sales—Kaiapoi Woollen, £7 7s; Auckland Gas (pd.), 26s 9d; Waihi, £2 2s 6d; Talisman, 8s; Grand Junction, 12s Gd. Reportoi* sales—Hank of New Zealand (ord.), £13 6s 6d; National Bank, £6 Bs.