COMMERCIAL.

Press, Volume LVIII, Issue 17613, 16 November 1922, Page 8

COMMERCIAL.

DISTRIBUTION OF SUGAR. DEPARTMENT'S AEEANG-EMENTS. (PRESS ASSOCIATION TELEGRAM.) OAMARU, November 15. The shipping hold-up is having a bad effect on the distribution of sugar in both. North and South Islands, and th® Department of Industries and Commerce is doing what it can to assist in providing facilities for th© transport of supplies to district# which have email supplies on hand. The arrangements being made were briefly stated this morning by the Hon. E. Pi Lee, Minister for Industries and Commerce. . . ... "Immediately on receiving intimation of the shipping trouble, said tlie Minister. "I instructed the Department in Wellington to as6ts>t in aringing for supplies of sugar to be railed' to the- various parts of the North Island! as required by the merchants. _ in regard to the South Island supply, steps axe being taken to facilitate the raiiage to Wellington, but in the event of no eea carriage being available between Wellington and Lyttelton, then no other course is open than to a&k merchants and. retainers to adopt a modified system of rationing in order to eke out tho present supplies as long as po.-sible. Fortunately, just prior to the strike, cargoes of sugar wero landed in the main ports of the South Island, and these consignments, « carefully distributed, and if the pubuo assist by being reasonable in their orders, should prevent any und'ue shortage for some time." _ . Mr Lee stated that he had also instructed his Department to keep a close watch upon the prices of necessary commodities, in order to ensure that no undue advantage was taken of the public during any abnormal conditions which might arise out of the ditloca-" tion of transport. "The Government realises," said Mr Lee, "that traders are entitled to obtain from the public any extra costs involved in securing supplies, through more expensive meana of transport, but the public can rest assured that the Department of Industries and Commeroe, while permitting any justifiable increases in this nature, 'Will use the powers conferred by the Board of Trade Act to prevent unreasonable charges being made. I have little doubt that the merchants and other distributors 17111 co-operate with and assist the Department in preventing any unfair advantage .being taken of the present crisis.' BOOT AND SHOE IMPORTS. - THE NEW ZEALAND TRADE.

Records, of New, Zealand overseas ' trade f&ow a largeperoentageof interImperial commerce, and in this respect footwear can claim a good share (remarks the. '•Northamptonshire Journal of Commerce"). For many months past ■ New Zealand has ; been the brightest spot in export markets for British shoe manufacturers. "In this colony," the journal continues, "the.-production, of. iootwear is not developed to the same extent'as in such Dominions as Canada and Australia. Much encouragement for the'. British' manufacturer is afforded by-the^'strong 1 Imperialistic .feeling • • chwtet6rising''"tbe-people of -New Zea extreme; patriotism. This the increased tariff jire- ' fewifro %tabfisfod for British goods into the colony. The ' guards the in-; . ttha. cpnsumep, regujatin^tts ■ of no - less than •. 'T®tttiT« !f fe<w3affof kinds produced in tfie -oommercial 1 pro--4fe:^^idn''»M.ncreß'sin« r :. her v will dnly be tride with ; the ■ yefOß. The : J Worthy;:' of. :'the s v piF :^Bn : :, The duty "' - or-BrffisiKpiwear is 25 ,per cent., - : g^T^^ 9 , beinE admitt ® a 15 - ®* odncet ?i Board haß ar * frozen produce p .(^^fne' window ol 'the High Commis- ** #?' plants will be ' but^r » i" - < jwwOTi y pKj wll pe mown in an atIJeyv.Zealand, produce, ab ia" go advantageous. && lamb oa 1 I*?, - s>-; w. ComnMiy, < the report showed W fffiliSSi year were f59,962. TJie '*/ olimejl forward £1175 after Jri S dividend'?£ 4 per cent on pieS&v £**4 S per oeut. on ordinary «HU&>oj&Hafrire6. V ** *«V- 1 EXqHANqES. * Norwnber 45th, 7.p p.m.) » J 'yjXgSjJQJI, November 11. r taccbtvgp on' Berlin* is pi.OQO marks to "i rthtfJmna BIJ Hre to the *, and on 14. j ~i@Sro#4UiS -"iiechßMedL, -

HIGH COMMISSIONER'S REPORT The Department of Agriculture haa received tile following cablegram, dated 11th instant, from the High Commissioner for New Zealand, London:— MEAT: Trade blow,- good supply, all descriptions fresh. Mutton, no change in prioes for wethers and supplies difficult to obtain. Ewes slow and slightly easier. Poor demand for beef. New Zealand Mutton. North Island: Bd-9d, according to weight. Not. 4th: North Island Bd-9d accord to weght. Oct. 4th: North Island) 7Jd-Bjd aooording to weight. Not. 11th. Nov. 4th. Oot. 28th. Ewes— 6Jd-7d. 6id-7d. 6d-6id New Zealand Lamb, Best Quality. Light-weight. 1< to la o|d Is o|d le Oid Heavy-weieht. lOjd IOJd IOJd to IOJd. North Island Ordinary. Hid UJd Is OJd. Second Class Quality, lljd lljd 1> OJd: Chilled Beef. Fores. B|d 3Jd BJd Hinds. Sid 5 2d 6Jd New Zealand Beef. Fores. SJd Hid Bid Hinds. *l4 41dl 4}d BUTTER. Demand is good for finest; alow market for other grades. New Zealand. Salted. Nov. 11th—Finest 214s to 216s per crwt (la Ud per lb). Good to fine 208s to 210s per cwt (Is IOJd to Is IOJd per lb). November 4th—3o6s to 210s per cwt (Is lOd to Is IOJd per lb). October 28th —2C6s to 210s per owt (la 10s to Is IOJd per lb). Unsalted. November llth— 224s per cwt (2s per lb). November 4th—2lßs to 220s per owt (Is llld to Is lljd per lb). October 28th—216s to 220 a «per cwt (Is lid to Is lljd per lb). Australian. Salted. November lllh—Finest 204s to 208s per cwt (la to Is lOjd per lb). Good to fine 196s to 202 a per cwt (Is Od to 1$ 9Jd per lb). Lower gridest 180s to ISOs per owt ■ (Is 7}d to Is BJd -p?T lb). November 4th—2oos to 204s per cwt (Is 91d to Is 9Jd per lb).. October '2Bth—l9Bs to 202s per cwt (Is 9d to Is OJd per lb). , Unsalted. November llth—2o6s to 212s per cwt (1b lOd, Is IOJd per lb). Good to fine 220s to 206s per cwt (Is 9Jd to Is lOd per lb). Lower grades 192s to 196s per cwt (Is B}d, Is 9d' per lb). November 4th—2o4a to 210-3 per cwt (la 9Jd to 1b I OJd per lb). October 28th—206s to 210s per cwt (Is lOd to Is 10id per lb). Argentine. Unaalted. November llth—l9os to 2025. per cwt (Is Bjd to Is 9Jd per lb)., 206s per cwt (Is lOd per lb). November 4th—l9o® to 204s per cwt (Is Bjs to Is 92 per lb), October 28th—200s to 204s per cwt (Is 9Jd to Is 9Jd per lb). Irish (salted creamery). November llth—lßos to 300s per cwt (le 71d to Is 9Jd'per lb). November llth, (unsalted creamery)—2oo6 to! 210s per cwt (Is 9Jd to Is IOJd per lb). Exceptional 216s per cwt (1b lid 1 per lb). November 4th—l94s to 198s per cwt (Is BJd to Is 9i<3 per lb). November llth (salted factory)—l36s to 165s per owt (Is 2id; to Is 5Jd per lb). Danish. November llth—22os to 228s per cwt (Is ll*d to l» lid} per lb). ' November • 4th—22os to 228b per cwt (Is llid to Is lljd per lb). October' 28th—212s to 216 a per cwt (la IOJd to Is lid per lb). Canadian, November llth—lß6s, 1945,, up to 196s per owt (Is Bd, Is B£d, Is Sd per lb). CHEESE. Market steady at the advance. New . Zealand stocks practically cleared. , English, Finest Fanners'. , November llth—l3os to 186s per cwt (Is 2d to Is 2id per lb). ' November, 4th—llßa to 126s per cwt (la OJd to la lid per lb). October 28th—116s to 120s per owt (Is Oid to la Id per lb). . ; *• • Canadian. November llth—Coloured 126s to 180s rer cwt (Is l}d to 1* 2d .per lb), White: 126® to Ib is, per cwt (Is. ljd. to lß2d per lb). Noveinber 4th—Coloured 114s to 116s per owt (Is Old to Is • Oid'per lb). White* 174s to 106e per owt (le Old to Is did per'lb). Ootober 28th—Coloured: 10ls to 106 a per cwt (Jlid /per lb). ■ White: 104s !to- 106 a; per cwt.(llid'per. lb);, - • ••■: ' . s : ; ;., New yZealanfl. - .November llth—Coloured: 128 a to 180 a per cwt (Is ljd to Is 2d per lb). White: 128s to 180* net cwt (Is l}d to Is 2d per lb). 'November 4th—Coloured 114s to 116s per per owt (Is-Old to lv o}d per 'lb). White: 120s to 124s per cwt (Is OJd to Is lid' per lb). . October. 28tE—Coloured: 101 a to 106 a per owt (Uld per lb). .White: 104s to 108s per ;ilid; per ib). ' A produca arrivei this week by the S.S. Athenic. -VAustralian. Demand ia good. November ,11th—Coloured: 100 a to 124 a per ow4 , .(la Id io la .lid per lb). • White: 122s per cwt: (la id .to-la: lid per lb). - : . _ HEMP, ' ,:c.!HEMwl|hbat steady at -about Quotations already given; NovembeifcJanuaTy shipments "G" grade;. £B4 per ton, "J" grade ; £9O -16s'per ton, buyers. ' New. Zealand Qar- _ ket oontinues dwll. 'High points November- '■ January ehipmentS: quoted at £Bl 10b per. t<»>, fur £BO 10a per ton. /■ WOOL. At Hull sales this week offerinjps inet' with good -competition and prastically; all were; cleared. Crossbred sold generally 'at equal to last; London priciss. Merino eo good, .on averuge ]'showing .10 per;'cent.- decline -. . , HOirfey. . .

'lCarket firm for beat, and demand , exceeds : the oupply. : Low grades are. abundant and k prices easier.; Zealand, wEite, prims 75s to 86s per owt- (Bd, to 9Jd per lb) according to quality. Light amber 65s to SOs per cwt (7d to B}d per lb); Mediumember 1 prime 60s to 60a per-.owt :(5Jd. to 61d per lb). Californian, White'6os per cwt (6|d . per lb). Lower grMe«' :Oonsideral>ly less, ; : • f ' EGGS. B«»t in avail supply, prices higher; cheaper eortß alow: ' Danish, French,' English, Dutch, 80s to 884; sßrittaiiy, Italian, Irish, 24s to 295; Argentine South African; 16s 4o 245, Moroocan, 13a 6d>., :'-[if ' . ' :, <o

A BIG DEAL. ' £12,000 FOB CITY" PBOPBBTT. • • No signs of finaii<Sial depre«ion were visible in the bidding ct the ..auction sale of- city property-inducted l yesterday by Pyne,- Gpuld, Guinnesß, r Ltd. x The blook offered \t« part of 688 and;s9l Colombo street/ now in-the occupation of Messrs G. T._ V'hite and <?o., jewellers, and Messrs Isitt and Co., booksellers, with a-.frontage of: 32i fe»t' in Colombo street; a depth to a right-of-way from Gloucester street- of 122 ffet£ *?id vith a right aruse.'of party .walls/ 1 I ..There:,was -a.-largo .attendance of prospective buyers,- and the. bidding started at £2OO a foot. lt rose rapidly: to £BBO * foot, when the lob waa knocked down: to Vr Vf. Bowles, fibs proprietor of Londontowßj"Chriitchuioh. The price,• £13,255," i».iist l-e couridfired a yary: satisfactory' one.- Mr H. W. Jennings was the auctioneers.

PBOPEBTY SA&B& Tonka, Uorton and Co., Ltd., toting under instructions from the Public Trustee as Administrator in-thfe estate cf tie late Edward JHornß. deceased, sold the Masonic Hotel, situated at the earner c-f Colombo street and Gloucester street, Christchurqh, for £25,000. The property has a frontage to Colombo street at- 42ft and a depth .to Gloucester «treet of 116 ft. and the price is equivalent to £S9O per foot on the Colombo Btieetfrontl.v?Ssa" behalf of the liquidator of Quick's Air Mtd Company, Tonka, Norton and Co., Ltd.; 7«sterday sold the property, N0.152 Ckirlyle street, Sydenham, 'containing a 'Quarter of w acre on «hich aland*'as iron atm-juid ft brick building. The'property '«»ction for £660 to Heesra W. '

CHRISTCHURCH STOCK EXCHANGE; YE STEBD AY' S TRANSACTIONS. Sales reported—N.Z. Govt. 5} per cent. Inscribed, 1933, £100; Bank of New South Wales, £35 6s 6d; Bank of N.Z., £2 16a 9d (2 parcels); Bonk of N.Z., £2 16s 6d; Union Bank of Australia, £lB 10s; Dalgety and Co. (cum. div.), £l2 sa; Crown Brewery, £1 14s 6d; Huddart-Parker, £2 lis 3d; Canterbury Frozen Meat, £l4 12s 6d; Electrolytic Zino (pref.), £1 7s fid; N.Z. Hefrig. (10s paid), 14a 6d (2 parcels); K&i&poi Woollen tlOs paid;), 12s 6d, 12a 7Jd; Christchurch Gas, £7 loe; Wellington Gas (fractions), as. Sales reported l —Royal Bank of Australia, 88s; Union Bank of Australia, £l3 13s (2 parcels);' Bank of New Zealand, 66s 3d; Goldsbroug-h Mort, 425. Sa!es on 'Change—N.Z. Gort. 4J per cent. Bonds, 1938, £96 10s; Union Bank of Australia, £l3 18s (3 parcels); Union of Australia, £l3 12s 6d; United Pictures, £1 6a; Electroljrtio Zino (pref.), £1 8s 6d. £ b. d. £ a. d.

, OTHER EXCHANGES ' (press association telegbam.) AUCKLAND, November 16. . Sales—Soldiers' Bonds, £loo* Bank of Now Zealand, 66a 9d, 67b; Home Builders, lis; Qijwod Junction, 1Q» -4<L BTJKNSIDE MARKET. /wWI association telegram.) DPNEDIN, November-15. An excellent yaiding of fat cattle aa regards quality, was offered at Burnside to-day. The yardingmcluded eeveral pens of prime quality • caitUe, and' prices, taken all round, ehowed -on advance of 10# per head on last week's rates. * , , , FatCattle—Theyaiding totalled 184; head, compared with 236 last weak. Competition was fairly keen throughout. Prices opened at about the same level as last week, but towards the close they, showed an advance of 10s.' Prime ox beef ranged, from 26s 6<T to 27s'6d per 1001%, light-weight .prime 27a 6d to 80s, while light and inferior'sold at '275.6 d. Heifer beef made up to 20s per 1001b, and inferior .heifer and old cow beef 17s 6d to. 18s 6d. Extra prim© bullocks realised tip to £ls 15s; primo"'£l2.loa' to £lB 10s, medium £9 10s to £lO 10s, and light and unfinished sorts from£7 10s to £8 10s. Prime cows and heifers realised from £6 10s to £7 10s, medium £5 to; £5 10s, and light and aged, from £4 to £4' 10s. ' Fat Sheep—There was a; smaller yarding than usual, 1632 being penned; Some extra prime aifciaJa came forward.. Competition was fairly keen, but prices were a shade easier as compared with'the extreme rates realised at the' previous sale.. The: range of prices was as follows:—Prime shorn heavyweight wethei® Bid to 5Jd per lb, mediiimweight shorn 6Jd to 6d, woolly wethers 6d, medium 61d to, 7d, light-weights: in the wool 7d to 7!d, prime woolly ewes 6d to 6Jd, and fl.?ed woolly ewes sd. ' v Extra prime heavy-weight wethers realised- tip to 52bj6&, I prime "44s to : 48s, medium 32s to 365, and I light and unfinished BOrte from 27s to 295.' Best shorn' wethers made up to 30s 6d, and medium 24a to 265. Prime woolly, ewes made from 28s to 345, medium 21s to 28s, and light and aged from 10s to 15s. Spring 1/ambs —148 were forwaid, which is the , largest number penned this season. The quality was good with the exception of a few pens, which >houlc!i not have been flint forward for market purposes. Prime sorts rea/lisedßd to lOd per lb, and light and inferior 7d to 9d. Prices per head were Prime 82s to 34s 6d,.medium 26s to 28s, lighter kinds 15s to 18s.

Pigs—A large entry was offered. Very few prime baconers were forward. was brisk, and at the' commencement of ilia sale pricee were about on a par with laat week's rates, but values showed ah easing' tendency towards the close. Best baconers realised 6Jd to 7d, and best porkers' 7Jd to 8d pet lb. ' - Store Cattle—There was a medium yarding, which included one pen of very large four-year-old. bullocks, in forward condition, from the Waimate district." These claimed attention from graziers, and were sold at up to £8 5b per head. Several penfl of three-year-old hulloote in good condition from the Taieri district were sold- at prices ranging from SX to £5 per head. Competition for young and backward-conditioned oattle was aim oat lifeless. . .

FTJRNTTTXEE SALE. Tones, McCrostie, Company, Ltd. held a successful clearing sale on account of Mr P. Devorell at his residence, Brown's road, St. Albans. Amongst the various items sold, the following prices were realised:—lce chest £i- roller, £5 10s; tennis net and marker, £3 8s; garden seat, £2 Us; carpet, £ls; settee and two easy chairs, £l4 6s; musical box, £3 se; piano by Bechstein, £200; caxfeet, £6; 6. b ehai», £9 10a; dinnerserviee, £8; eet of crystal glisa, £10; chest of draweta, £10; 2' toilet cheats, £8 10s; toilet chest, £4 3s; Ottoman, £2 2s 6d.

DEBENTURES— ■ N.Z. Govt. 4i per cent. Inscribed, 1938 9« 7 e — N.Z. Govt. 4J per cent. 96 15 Bonds, 1038 96 7 6 0 N.Z., Govt. 5 per oent. Inscribed, 1927 96 6 0 — N.Z. Govt. 5 per cent. Bonds, 1927 96 5 0 — i\.Z. Govt. 5i per cent. Inscribed, 1933 99 15 0 100 0 0 N.Z. Govt. 5J per cent. • Bonds, 1933 99 15 0 100 (ft 0 Booth, Macdonald, 7J 101 0 per cent., 1931 .. — 0 Gisborne Sheepfarmers' 101 0 7J per cent., 1931 — 0 BANKS— 13 1 0 Australasia 12 19 0 Commercial of Aust. .. 1 12 6 1 14 0 Commercial of Aust. (4 per cent., cum pref.) National of N.Z. 6 10 0 — 6 6 2 6 6 6 New South WaJes 35 7 6 — 0 New Zc-r/.anid; 2 16 3 2 W Royal (£1 paid) 1 12 3 1 13 0 Union of Aust. .13 ia 0 13 14 0 INSURAIiCE — 6 National (oum. div.) .. 8 6 — N«w Zealand 1 7 0 1 7 8 South British 1 14 6 1 15 6 Standard 1 11 6 — LOA.» AND AGENCY— Christchurch Building Society .. • 10 5 0 — Dalsrety and Co. (oum. 12 5 div.) 11 17 6 0 Goldsbroug'li Mort. 2 1 3 2 2 0 Mutual Benefit 10 5 0 —- SHIPPING— Adelaide Steamship — 1 1 0 Huddart-Parker 2 11 0 2 11 6 FROZEN MEAT— ' 14 1'5 Canterbury 14 10 0 0 Canterbury (6 per cent. cum. pref.) 5 0 0 — . N.Z. Refrigerating (£1 paid) .. ' 1 7 3 — N.Z. Refrigerating (10« paid) o lk 6 0 14 11 WOOLLENS— 0 12 0 13 Kaiapoi (10s paid) 6 0 ■Wellington •• — 9 2 6 GAS— As'hburton .. .. 6 0 0 — Auckland .. •• 1 4 0 — Christchuroli 7 14 0 — Timaru 6 15 0 0 6 Wellington (fractions) .. 0 4 0 0 Giaborne 0 12 6 — Napier ■ 10 8 0 — BREWERIES— 1 1 16 Crown 1 14 0 0 Manning 8 2 6 3 6 0 9 Ward 1 3 9 1 4 OBMENTS— Wilson's N.Z. Port- ' land (cum. div.) .. 1 1 0 1 2 0 TIMBER- A 9 Kauri 1 7 , — MISCELLANEOUS— 1 10 Benth and Co. 1 9 6 0 Burns, Philip 1 12 0 1 13 6 Mason, Strn there (£1 ' paid) i a'9 i 5 0 Mason, Strut hers (14s paid) .. •• O 14 9 .— Mason. Stratbere (6« paid) .. (J, 61 0 7 0 Maeoib, Strutters (4s paid) .. 0 -.4 0 - N.Z. Drug Co. _ N.J4. Paper Malls 2 13 9 (ex. div.) .. . 1 2 9 1 4 0 , United Pictures 1 4 e — Whitoombe and Tombs . 9 4 0 — Electrolytic Zino (pref.) 1 J& 0 9 Papuan Prodvfcta 0 0 4 ! 0 0 MINING— 1 1 Mt. Lyell 0 • — ■ Waibi . 6 1 12 0 ■Waitii Grand Junction •.. 0 9 0 10 6