COMMERCIAL

Press, Volume LVI, Issue 16987, 9 November 1920, Page 9

COMMERCIAL

1_ - AUSTRALIAN' WHEAT. (By Cable—Press Association—Copyright.) (Anjtralian and N.Z. Cable Association.) SYDNEY, November 8. Tu* Hon. J. Storey lias returned from ■iho Premiers' Conference. He fetated that farmers will receive 9s a bushed for wheat far local consumptiou ail the year round. This -will not involve an increase in tho price of bread. HIGH COMMISSIONER'S RBPOET. (PJVESS ASSOCIATION TELEGRAM.) AVELLINOTOX, November S. Tho High Commissioner's cubicgram, 'dated London, 6th, is as follows:— Meat —Trade in English i» elow. Prices, which are somewhat weaker, art —Beef is Rid, mutton Is 9d, lamb Iβ lljd per lb. Tho demand Iβ good for New Zcalaiid mutton and lamb, specially uncut lamb, at maximum prices. Außtralian and Kew Zealand ox beef is worth IOJd ali"d Td lb, and New Zealand cow beef 3d and sid per lb for hinds and ior>s. respectively. The demand is good for Argentine'chilled beef at hinds 13, fores Sd per lb. Mutton—On account of very limited fitipplies, high prices are Ueins obtained. Eugiiah ie se'lUnj; at £23 to £'24 lbs per cwt. (is l}d to 4a 4Jd per lb) nnd Irish up tn £25 10s per Gwt. (4b CJd per lh). Irish is*only exportable under licensee, which are not being granted very freely. Choose—lt is understood that the Food Ministry have sufficient supplier to moot tho demand up to Jamiary end February. Tlia retail prico is still is 8:d per lb. Freo Cheese is in slow demand. English is worth .£9 to £"9 6s per cirl. (Is 7Jd to la 6d per ]b). Canadian white X 7 17s to £7 19s per cvi 4. (Is -tjd io']3 ?tl per lb), -and colouved X'S Cs to iS 5s per cwt. (la SJci lo is CJd per 110. Quotations <-.i.f. arc S.l JSs to £S per cwt. (Is 4»d to Is o<1). Hemp—The Manila mnikei is quiet, and prices are slightly weaker. "J" Augnel-Septembcr shipment, has been sold nt XCS per ton. September, November, and Oc-tober-December sliipmcnts iiro now quoted at .-£6 l pin - ton. Buyers of 2Cew Zealand are inactive. Sellers ouoto high points spot £56 per ton, October-liecember shipment £31 per ton. and fair JES-1 and £52 per ton respectively.

Honey—The market is very quief. The 'demand for New Zealand is confined to first <rrade, which is eelling slowly at 10Ce per cwt. (lOJcl por lb). Lower grades are quoted, at 80s to 90s por cwt.. (SJd to o?,d per lb), and tiro difficult to sell in competition with, cheaper descriptions. Wool—The London sales .begin on Tuesday next, a settlement of tho strike having , been ■made. Feeling is heller in Bradford this ■week, though the outlook is not brighter. The trade is waiting 1o know tlio policy to. bo adopted for the liquidation of Government stocks. They hone Hie reserve will be reduced. MOSGpEL ATOOLLEX COMPAHT. (SPECIAL TO "THE TRESS.") DUNEDIX, November 8. The annual report of the Mosgiel Woollen Co., to be presented, to shareholder* at forty-seventh annual meeting, states that tue>* year's work should prove eatisfftttory to shareholders. After writing off £5000 for depreciation, £1400 of war loan, adding to the reserve fund JE7OOO, and aleo providing an Gniount to meet income tax, which is payable during the current year, tho profit and loss ficeount ehows a balance (including the amount carried forward) of £18,933 0s 6d. ,' The directors recommend that d dividend of S per cent, be paid, and a bonus of 0 por cent., which will absorb £9180 6s 6d, leaving .£9752 14s 6d to be carried forward to credit of profit and loss for the current year. SALE CHARGES ON WOOL. It will interest wooljrrowera to learn thqj the preeent sale charges on wool to slid in London are 83 follows:—Commission, 2 per cent.; brokerage, 1 per cent.; dock and warehouse- charges, inclnding- receiving,-'warehous-ing, displaying, weighing;, lotting, catalogues And cataloguing , , delivering , and stoi-ing for twelve wepks, 3Jowt. balos, 12s Gd iier bile: Scwt. bales, 15s 5d per bale. The Port of London rate is Is Old per ton, and the ealc fcSpenses are M bale. The fire and strike in9Ur»n< •• %, .:go is 7s 6d per cent, per \ annnm, the ehii;pinjr 'freight Is. ljd p«r lb. j marine insurance 17s 3d per cent, for single *crew and IGs 3d per cent, for twin-screw steamers.- There is also a war risk charpro of Is per cent., and an exchange rate on HO : arid CO days sieht drafts of 30s and 40s per i cent, respectively. In addition to the above, there are local charges comprising , milage to j port, harbour dues, haulage from dumping , | plant to ehip, and discharging- from trucks to ship.

DUXEDIX STOCK EXCHANGE. (press association telegram.)

DUNEiUIN, November 8. Quotations: —Riso and Shine, buyers 2s Gd; | Talisman. Consolidated, sellers Ts 6d; Waihi ; Grand Junction, lJuyeis 8s 3d; Mount Lyell, buyers 20b 3d, eellera 20s Cd; National Bank, ] sellers 128s Cd; Bank of New Zealand, i sellers £25 10s; Union Bank, buyers £12, sellers £12 12a; Now Zealand Insurance, j buyers £6 10a; South British, buyers £8 9s, sellers £3 14s; P. and O. (deferred), buyora £447, sellers £154; Union Stoiim. (prei.), sellers 225; Huddart-Parker ford.), buyers 48?, Beller3 49s 6:1; Huddart-Parker (pref.), sellers 19s; Westport Coal, buyers 30j 6d, sellers 30a 9d; Wcstr>ort-Stooktoii (ord.), buyers le, 6ellers 83; Now Zealand Coal and Oil, eellera 4s 6d; Brown, Ewing and Co. (ord.), buyers 2Gs; Brown, Ewing and Co. (pref.), buyers 203 6d; D.I.C. (ord., ex div.), bayera 5s 3d premium; Goldsbrough, Mort, sellers 39s 6d-, Now Zealand Loan, and Mercantile, sellers £9G; Wright, Stephenson (ord.), buyers 41s Gd; Dunc<sin-Kaikorai Trams, buyers 24s Cd; New Zealand Refrigerating (20s* paid), sellers 455; New Zealand Refrigerating (10s paid), buyers 21a 7d, Boilers 22s 3d; South Otag-o Freezing (ex div.), sellers £5 6s; Kauri Timber (contrib.), sellers 2Gs 6d; Bruce "Woollen, sellers 4Ts; Mosgiel Woollen, buyers £0, sellers £C 103; McLeocl Bros. Soap, buyers £15 ss; New Zealand Paper Mills, 6elleTs 335; New Zealand Dtuet Co. (40s paid), sellers 63s Gd; New Zealand Hardware (ord.), buyers 16s Gd, Kellers 183: Milburn Lime and Cement, buyers 32s Gd, sellers 34s 9d; Trustees, Kxecutors, buyers 50s; Hinton's, Ltd. (pref.), buyers 10s fid; Government Inscribed Stock, £02 10s. Sale# on 'Change:—P. ami O. (deferred), £152. £451, £450, £449 (two), £443. Sale reported»P. and O. (deferred), £430.