HIGH COMMISSIONER'S REPORT.

Press, Volume LIX, Issue 17812, 11 July 1923, Page 10

HIGH COMMISSIONER'S REPORT.

The Department of Agriculture has received JTie following cablegram, dated 7th instant, from the High Commissioner for New liealand, London: MEAT. Demand for mutton and lamb not up to the average. Prices difficult to maintain owing to iow values oi Australian and South American. Chilled beei in short supply owing to dodcage strike delaying discharge. Kew Zealand frozen beef selling better. ft.Z. Mutton. July 7th. June 30th. June 23rd. Canterbury. 49-561b. BJd Not quoted. 67-641b. 8d Not quoted. 65-721b. 7d Not quoted. North Island. Ordinary. 49-561b 8d Not quoted. 57-6ilb. 7id Not quoted. 65-721b. 6}d Not quoted. Ewes. Under 6-lib. 5Jd Not quoted. N.Z. Lamb. Cantoroury. 29-3Glb. Usa 11 get ii|d 37-421b. Hid llid lljd 43-501b. 10id' IOJ.d IOJd ' Second Class. 10£ d IOJd lOjd North Island. Best. 10»d 10Jd Second Class. &2d _ 9Jd Chilled Beei Ko''T'\ 3£d to 3ld 21d 2Jd to 2Jd Hi] i^s. 6Jd to 7Jd 5Jd 4|d'to 5Jd New Zealand Beef. Fnros. 2Jd 2gd 2|d .Hin.-ls EJd 51d 4Jd to 5Jd English-retail prices are as follows: Mutton— Legs. Loins. Sh'd'e. English ..1 9 2 0 1 8 Imported .. 0 11 0 9 0 10 Lamb— English .. 1 11 2 0 1 10 Imported ..15 13 13 Beef— P.ibs. , Sirloin. Steak. English .. 1 11 1 11 2 6 Imported Chilled .. 0 10 11 18 Imported frozen ..0 9 0 10 1 6 BUTTEJ?. On account of the dockage strike prices have advanced, and the market is firmer. Present quotations are: , New Zealand. (Salted.) Finest. July 7th—ls4s to 158s per owt (Is 4Jd to lis 6d per lb). . June 30th— 14<5s to 150s per cwt. (Is 32d tc- Is 4d per lb). June 23rd—150s to 154s per cwt (Is 4d to Is 4£d per lb). TJr.Siilted. July 7th—ls6s to 1603 per cwt (Is 4id to Is 5Jd per lb). June both—i 54s to 156s per cwt (Is 4sd to le 4Jd per lb). June 23rd—156s to 158s per cwt (la 4?d to Is Sd per lb). Australian, (fealted.) Fine**. July 7th—l44s to 148s per cwt (la 3Ja to Is SJd per lb). June 30th—140s to 142s per cwt (Is 3d to Is 3Jd per lb). June 23rd—144s to 150s per cwt (1b SJd to Is 4d per lb). Unealted. July 7th—l46s to 148s per owt (Is 83d per lb). June 30th—144s to 146s per cwt /Is Sid to Is 3Jd per lb). June 23rd— 144s to 148s per cwt (Is 3Jd to Is Sid per lb). Other Qualities. July 7th—Salted: 120s to 140s per owt {ls Id to Is 3d per lb). Unsalted: 120s to 158s per cwt (Is Id to la 2|d pei) lb). Argentine. 1363 P er cwt (Is 2d to Is 2Jd per lb). June 30th—124s to 132s per cwt (1® Ud to Is 3id per lb). J June 23rd—126s to 136s per cwt (Is lid ta la 3Jd per lb). Irish (salted). July 7th—l44s to 148 a per cwt (le 3id to Is 3Jd per lb). June 30th—1383 to 142s per owt (Is 2Jd to Is 3Jd per lb). June 23rd—140s to 144s per cwt (Is 3d to Is 3Jd per lb). TJnsnlted. July 7 th—l4Bs to 150s per cwt (la 3?d to Is 4d per lb). June 30th—148s to 150s per owt (la 33d to Is 4d per lb). June 23rd—144s to 146s per cwt (Is Sid to Is SJd per lb). v Danish. July ?th—ls4s to 156s per owt (la 4id to Is 4Jd per lb). June 30th—34{-s per cwt (Is SJd per lb). June 28rd—152s to 154s per cwt (Is 41d to Is 4Jd per lb). CHK-RSE. Market firm and spot supply short. Prosent quotations are: , English. Finest Farmers'. July 7th—llos to 112s per owt {lljd to la per lb). June 30th—108 i to llfis per cwt (11 Jd to Is per lb). June 23rd—108s to 112e per cwt (11 Jd to Is per lb). Canadian. July 7th—Coloured: 86s to 90s (per cwt (9id to 9Jd per lb). White: 88s to 92s per cwt (9Jd to 9Jd i>er lb). June 30th—Coloured and white S4s to 86a per owt (9di to 9Jd per lb). June 28rd—Coloured, 86s per cwt (9id per lb); white, 883 per cwt (9id per lb). New Zealand. Finest.. July 7th—Coloured: 90s to 94s per owt <92d to lOd per lb). White: 92s to 94s per cwt (9Jd to lOd per lb). Other Qualities. July 7th—Coloured: 86s to BSs per cwt (9Jd to 9Jd per lb). White: 88s to 903 per cwt (9£d to 9jd per lb). June 30th—Coloured, 82s to 84s per cwt (BJd to Sd per lb). White, 82s to 86s per cwt (BJd to 9Jd per lb). June 23rd—Coloured, 88s to 90s per cwt (9sd to 9Jd per lb). White, 92s to 94s per cwt (9|d to lOd per lb). Australian Coloured. July 7th—B6s to 90s per cwt (91d to 9|d per lb). June 23rd—Coloured, 82s to 86s per cwt (B=d to_9Jd per lb). White, 84s to 86s per owt (9d to 9id per lb). ~ HEMP. Manila market again easier with freer offerings. Poor demand for July-September shipment, quoted £57 per ton. July-Septem-ber shipment, August-October shipment sold down to £3l 10s per ton. New Zealand fair spot offered £3O 10s per ton. Shippers offer July-September shipments £3l 10s per ton, but no business possible. WOOL. Sales continue with satisfactory demand. Fine crossbred now about par to 5 per cent, below last closing rateß. APPLES. Selling slowly on accbra? of large quantity soft ■ fruit now available. Weather very warm. Australian prices, 123 to 14s 6d per case. Balance of Baranga and Mahia shipments maintained, average 16s to, 17s per case all Tound. Best Otago apples realising; Cox's Orange, 35s to 'lss per case; Jonathan, 18s to 20s per case; London Pippin, 16s to 17s per case; Newtown Pippin, 18s to 24s per case. Some Newtown Pippin badly affested with Brown heart. PEAS. Maple—Market quietly steady with~~ occasional small business for June and July shipments. July-August shipments sold 80s per quarter. Tasmanian afloat offered 953 per quarter. Spot trade slow. iNew Zealand offered 9os per quarter. Tasmanian 107s 6d per quarter ex store. Blue peaa firmer and influenced by speculative buying of Japanese. New Zealand to arrive, sold £lB 103 per ton c.i.f. Poorer quality co'onial meets with poor demand. English crop reported backward. BEANS. Beans—All requirements have been met by Home grown. English Horse in poor demand, selling at 8s 9d to 9s 6d per cwt. Pigeon in better request, los to'lgs per cwt.

CHRISTCHURCH STOCK EXCHANGE. YESTERDAY'S TRANSACTIONS. Sale reported—"Whitcombe aJB. Tombs, £3 123 Cd. - Saies on 'Change—N.Z. Govt. 4J per cent. Bonds, 1939, £97; N.£. Refrigerating (10s paid cum div.), 12s 9d; Howard Smith, 545; Crown Brewery, 545. LATEST QUOTATIONS. Buyers. Sellers.

OTHER EXCHANGES. V (press association telegrams.) AUCKLAND, July 10. Sales —Soldiers' Bonds, £lOl 10a; Bank of New South Wales, £4O 10s; Bank of New Zealand, 625, 62s 3d; Waipa Coal, 16s 2d; Auckland Gas, 26s 6d; Ka-uri Timber, 28a 6d; Wilson's Cement, 27s 6d. DUNEDIN, July 10. Sales on 'Change—Bank of New Zealand, 62s 6d, 62s 9d; Ward's Brewery, 465. Sales reported—Waihi (2) 25s 6d; Ward's Brewery, 465; 5£ per cent., 1941, Inscribed Stock, £97 10s; Huddart-Parker, 455.

£ • d £ ■ d DEBENTURES— N.Z. Govt, -lj par cent. Inscribed. 1H38 — 97 0 0 N.Z. Govt. per cent. Inscribed, 19S9 * .. 96 17 6 N.Z. Govt. 4J per cent. Bonds, 1938 96 10 0 — N.Z. Govt. 5£ per cent. Bonds, 1933 101 17 6 102 6 0 BANKS — Australasia 13 10 0 13 15 0 Comm. of Australia (4 par cent, cum prei.) — 7 5 0 National of N.Z. (cum div.) 6 16 6 7 0 0 New South Wales 40 5 0 41 0 0 New Zealand (cum righte) 8 2 8 3 3 0 Roy til (£1 paid) 1 14 6 1 16 0 Union of Australia (cum div.) — 15 0 0 INSURANCE— National 4 0 6 New Zealand (cum dir.) — i ia 3 South British 2 0 0 2 1 0 Standard — 1 19 9 LOAN AND AGENCY— Goldsbrougb, Jiort. 2 6 0 2 6 6 National Mortgage .. 4 6 0 — SHIPPING— jtioward, Smith 2 13 9 2 15 0 Hudttart-Parker 2 4 8 2 4 9 FROZEN MEAT— N.Z. Refrigerating (£1 paid, cum div.) .. 1 6 0 1 6 0 N.Z. Refrigerating (10s paid, cum div) — 0 13 0 Nortii Canterbury Freezing 1 17 6 2 2 6 COAL— Westport-Stockton. .. 0 6 3 0 7 0 GAS— Christchurch .. .. — 8 10 0 BREWERIES— Cr&wn >> .. 2 13 3 2 14 3 Manning ., .. 6 7 6 '6 12 6 Ward .. .. 2 5 9 2 6 G MISCELLANEOUS— Beath and Co .. — 1 U 0 Burns, Philp >. D.I.C. (10s paid) 1 12 0 1 12 6 0 12 6 — D.I.C. (7b 6d paid) .. 0 9 6 — Glenmore Brici and Tile — 1 0 0 N.Z. Partners' Co-op. (£2 paid) 0 15 3 — N.4. Farmers' Co-op. (6 per cent. pref. re div. only) N.Z. Farmers' Co-op. 2 15 0 — (7§ per cent. Bonds, 1956) 94 0 0 95 10 0 N.Z. Sugar of Milk — 1 14 0 United Pictures 1 5 0 — Whitcombe and Tomba 3 11 0 3 13 0 Electrolytic Zinc (pref.) 1 9 3 — electrolytic Zinc (rights) 0 10 7 0 11 >4 MINING— Waihi .i .. 1 5 0 1 6 15