COMMERCIAL.

Press, Volume LV, Issue 16508, 28 April 1919, Page 4

COMMERCIAL.

LONDON MARKETS. ®. y CaMe.—: Pr*» Association—■ Copyright,! (Australian wd X*. Cable AuociitiiLt at P a ll «Und. Bull. IM Commission is offering noUunr. Oats—The market is steady but quiot. Peas and Beans—Tie market is firm, and unchanged. • market is unchanged. _ Wool—Tdo Bradford market is buoyant. Tfccro is a faar enquiry <uid moderate business. 4

Butter—Supplies aro improving, and the ration will be "two ounces from next week Too Gorommont ljas purchased tho Irish output for tie season, but the pjioo has not been disclowd, but if. is Mmv that paid in 1918. There is little prospect o{ iho removal of tho control from butter at pi», sent, afl other foods advanced in nrioe aft** the xomoval of tho control, notably bacon The Government haa not vet decided ■whether to purchase tho Canadian ohewa output. AMERICAN "WHEAT SUPPLY. (Received April 07th, 5.5 pjn.) ... CHICAGO, April 23. Tho visiblo wheat supply is 73,116.000 bushels. ' LEAD AND ZINC ORES. (Received April 27th. 5.5 p.m.l ' LONDON, April 25. A chemical and metallurgical corporation, with a capital of £1,200,000, haa been regis! tered to acquiro F. E. Elmore's new process and plant for dealing \r; th lead and lino ores, which is believed to bo particularly adapted to Broken Hill ores. Tlte purchaw price is £1,000,C00 in eharcs and £15,000 in cadi. FROZEN MEAT TRADE. (By Cable.—Prens Association.—Copyright.) ("Tho Tiuicf. ) LONDON". April 25. The Government Moat Committee will consult Mr Hughes nncl Mr Miistyy regarding best moans of Australasian imports. Sir Thomas Robinson. Queensland AgentGeneral, points out that tno wartime loasca of refrigerated tonnage have been practically Teplaocd. Ho expects the Continental demand to largely incroa-so- in the immediate future, but pricca will be substantially above prewar rates. On the other hand, pome leading meat firms a.Te inclined to pessimism. Thoy believe that tho prices will debar tho French and other impoverished Continental nations from largely increasing their consumption. IRON AND STEEL EXPORT FROM; BRITAIN. His Majesty's Trad© Commissioner is in xaceipt of oable advice to tho effect that all eubeidiea and ooutrol of priocs and material with regard to orders for pig iron, manufactured iron and steel, and tin plates,; will be withdrawn on April 30th, subject to provisions of existing contracts- end any Asport regulations. This moans that United Kingdom manufacturers and merchants aro freo to nroko their own terms with regard to price and delivery from May lsrt next. ASHEURTON MARKET. There is little change to rcoord jn :h» grain market since lost report. Threshing l is now well advanced, and several machjoM will soon havo finished for tho ; aeuan. Haulers aro busily engaged delivering grain, tho bulk of which is wheat, but the sharltgo of trucks at country stations, which lias beta much in evidence this season, has interfered with prompt despatch. Wheat.—Largo consignments are being railed away from various stations in this country, but they aro forth© most part in fulfilment of contracts mode some tuna back, brokers generally finding a difficulty in obtaining fresh. orders for any considerable quantity of Tuscan alone. Oats.—The market remains steady, , hut merchants show little interest, and apart from buying to cover sales made, are not disposed to carry stocks, tho general feeling being that lower values will rulo as soon ufl Southern crope arc offered in any volume. For prompt delivery values have hardened from a penny to twopence per bushel, and may bo quoted at 3a 3d 'to So 8d for B Garton9, 3s 4d for A grade, up to 3s 6d for heavy milling quality. Algerians range from 2s 'ed to 2g 9d if or inferior feed, up to Bft for f.a.q., while seed lines command up to 3b 3d. Duns are scarce, and .really firstclnjM quality would find buyens at from 2s 5d to 3s 6d, while ordinary samples Tango from 3s 3d to So 4d—all prices on trucks stations. Chaff. —Little business is passing, ee Canterbury cannot , compete for the coastal tradd with* Blenheim.. Nominal values' aro -froitt 60s to 85s, on trucks, for good qualify. LAND SALES. At the Ashburton land sale of Saturday the New Zealand Farmers' Co-op., Ltd., in conjunction with Messm Fcrriman and Co.. sold on account of Mr W. Stevens, a farm of 11S acrce, at Ashton, to F. Fexrima?, at £6 6a per acre. Th& National Mortgage and Agency Company, Ltd., sold in the estate of tie; lato W. A. Hart a farm of 325 acres, in the Highbank district, to Mr C. Flynn, Ashburton, at £36 lis per acre. Tho National Mortgage and Asrenoy Company, Ltd., offered, in the cstato of , tho late Edwin Thomas, two house properties ! on tho Main South road, Ashburton, and several business places in Havclock atreot. Lot 1, oonsisting of 8 acres* of land and dwelling, was sold to Mrs James Smith at £1000; Lot 2, two roods and six-roomed dwelling, to Mr A. Catcs at £260; Lot 3, containing throe roods, on which is erected several shops, and situated in Havelock street, was offered in two lots, tho shop and bakehouse, paint shop, and fish shop, being ■•purchased by Mr G-. Bundy at £1451, the remainder going to Mr A. Young at £1000. Messrs Gould, Beaumont and Co.. and Messrs Pyne and Co. sold by auction on. Saturday, on account of Messrs W. Logan and C. Urquhart (who aro dissolving partnership) their extensive pastoral runs in tho Rakaia Gorge. There was fair competition for the runs. Lot 1, known as "Winterslow," oonsisting of 29,900 acres leasehold, expiring in March, 1921, and 81 acres of' freehold, with 'dwelling, went to Mr W. .Logan at £12,600. Lot 2, "Bagdad," comprising 29,231 acres, College reserves, with a lease of '1years from March,. 1918, fell to Mir C. Urquhart (the other partner) at £8000. Messrs Matson and Co. eold by auction on Saturday, on account of Mrs M. Smith, tr*> acres of land and a four-roomed house, with stable, orchard, ctc., at a satisfactory figure. Also, -under . instructions from the Publio Trustee, in the- estate of tho late Mr Jonah Turner, 10 acres of land, with five-roomed dwelling, on Watson's road, off Haiewood road, at £890. DUNEDIN FRUr£ MARKET. DUNEDIN, April 26. Business has been qui-st in "tho ixuit marts since tho holidays. Tho great proportion cf tho fruit coming forward is not fi»t-cluc,' and anything choice brings satisfactory prices. Poor, quality, however, is hard to quit. Pie melons Irom ftelsoa are exp«cU4 on the market next week. Vegetables aro still in short supply. Any lines coming forward meet with a keen demand, cauliflower* . ceptciully being enquired for. Current wholesale prices are as follows:— Apples—Dessert, 2Jd to BJd; Cox's Orange to 10s; Ri batons, 8s; local cookers, 2d io ' 2id per lb for choice; others, 3s to 4s Cd ' per caae. Grapoa—Hamburgs, io Is 6d; Gros. Colmars, 2s to 2s 3jd. Hothouse tomatoes-^ 1 : Local, to lo per lb; Otago Central, 4d- to ; sd; crato, to 7Jd per lb. Pcacluce—H«3f-; cases, to 5d per lb. Pcaxa—Central Otago, ljd to 2id per lb; Canterbury, 4s to 6s per • .case; cx:ra choice, 8s to Os. Plains—Cook- , ing, lid to 2Jd; dessert, 2Jd to 2id. ~ SATURDAY'S POULTRY MARKET. Messrs J. B. Merrett and Co. had ft good entry of poultry on Saturday. There was » good demand and prices wero firm. Tabl® chickens realised 0s 6d to 10s W, hcns';its to 7s 'Id, pullets 5s 9d to 12s Cd, ducks 6® to 9s Cd, all per pair, THE EGG MARKET. Tho egg market is firm. The Canterbury Egg Citclo first_ grades for tho past two weeks have realised 3b a oozen. iupplien aro very short compared with the demand. 1