TRADE WITH RUSSIA.

Press, Volume LX, Issue 18016, 7 March 1924, Page 10

TRADE WITH RUSSIA.

AN AUSTRALIAN MOVE. (by cable—press association - COPSRIGHT.) (AUSTRALIAN akd >,-. z . CABLE ASSOCIATION./ (Received March 7th, 12.20 a.m.) SYDNEY, March 6. A meeting of Sydney business men discussed the question of business relations between Australia ■ and Soviet Russia. They formed an AustraliaRussia trading committee and decided to write to the British Charge d'Affaires at Moscow to request assistance in the matter. The committee will also communicate with Chambers of Commerce and manufacturers, informing them that it will receive lists of commodities available for export to Russia, and give all information procurable.

DYESTUFFS FOR FRANCE. A COMMERCIAL AGREEMENT. (31 CIBL3 —MESS ASSOCIATION COPYRIGHT.) (EEUTER'S TEI.SGRAM3.) (Received March 6th, 10.20 p.m.) PARIS, March 5. The Senate has adopted a Bill approving the agreement with the Badische Aniline Company, whereby France hopes to obtain 100,000 tons of dyestuffs annually. The company will give France all required assistance in the preparation of dyestuffs, which will be carried out at Toulouse,. SYNTHETIC NITRATES. (austbalian and s.z. cable association., PAEIS, March 5. The Dyestuffs Agreement Bill provides for the manufacture, under the French Government's control, of synthetic nitrates by the Haber process, patents for which are held by the Badische Company. As the Senate has modified the Bill in the direction of giving the Government more complete control over the manufacture, the Bill must return to the Chamber, aad it is doubtful whether it will be passed this session.

NAURU ADMINISTRATION

(AUSTRALIAN AND N.Z. CABLE ASSOCIATION.) MELBOURNE, March 6.

Senator Pearce described the accusations of members of the House, of Commons against the Nauru administration a& a re-hash of the charges made to the Mandates Committee or the League of Nations, which had been amply disproved by the Australian delegates. He added that the League of Nations was perfectly satisfied with the explanation.

SYDNEY WOOL SALES.

(AUSTRALIAN AND N.Z. CABLr ASSOCIATION.)

(Received March 6th, 11.40 p.m.) SYDNEY, March 6.

The week's wool sales closed with strong competition, and there was an excellent clearance at the best rates of the week.

KEMPTHORNE, PROSSER AND CO

(»ISB ASSOCIATION TELEOBAM.) » DUNEDIN, March 6. At a meeting of the directors of Kempthorne, Prosser and Company today, a dividend of 4 per cent, and a bonus of 2 per cent, was recommended, making 10 per cent, for the year.

AUCKLAND BANKRUPTCY RETURNS.

(spbciax to "ran pkisb.") AUCKLAND, March 6.

The bankruptcy returns for the Auckland district lor the year ended December Slst last show a total of 360 bankruptcies in the period named. The district includes Hawera, Stratford, New Plymouth, and Gisborne. Farmers are the most prominent among the bankrupts, totalling 96. Labourers, who come second, total 36. The somewhat severe depression in the motor trade is indicated by the fact that thirty bankruptcies have taken place, embracing all branches of the trade, including six taxidrivers.

STARR-BOWKETT SOCIETY. A meeting of the shareholders of the Cbristchurch Starr-Bowkett Building Society was held last evening in the A. and P. Association's rooms, Worcester street. The ballots in No. 1 group resulted in balls No. 275 and 16 being: <£rawn. Ka.ch. cluster was held by two shareholders holding 5 shares each, therefore four membecs became entitled to a loan of i£*j each, free of interest. The tenders in this group were for £2OO at £4O per £ltlo, £4OO at £351 per £IOO, and £IOOO at £32 per -£IOO, a balance of £4OO being carried forwaru. In No. 2 griup a £7OO at £lO lOs'-per £IOO, the balance of £3OO being carrk* forward;

AUSTRALIAN MARKETS.

(BY CABLE— FBESS ASSOCIATION COPTB.IGH7T.) (AVSTBAUAN AND N.Z. CABLE ASSOCIATION.)

(Received March 6th, 10.20 , p.m.) SYDNEY, March 6. Oats—Tasmanian Whites, 5s a bushel; Algerian 4s. Maize—Sonth African 4s lOd to ss, local 4s 9d. Potatoes— £7 to £lO a ton. Onions —Victorian Globes, £S 10s to £9 a ADELAIDE, March 6. Oats are dull and unchanged; HIDES. (by cablz—fbsss association copykioht.) (australian amd m.z. caslx association.) (Reeived March 7th, 12.20 a.m.) MELBOURNE, March 6. The hides market was fairly active. Stouts and heavies were firm and unchanged. Kips anu lights declined from |d to id a lb. ,■!■ - •—-">

AUCKLAND MARKETS.

(SPECIAL TO "THE PHZSS-") AUCKLAND, March 7. TVholesaie houses have been busy getting Island shipments away, but orders received by last mail have been disappointing, and it looks as if a good x>art of this business is being sent to Australia. Local and country enquiries are slightly weaker. Retailers are alieady making preparations for stock-taking and are inclined to Hmit their buying so as to keep their etocks at as low level as possible. Cutting is fairly prevalent amongst retail grocers, and is giving rise to considerable dissatisfaction on the part of old-established houses, who must meet these conditions or see their trade go past thrm. Trade in the building section continues good, but wholesale hcuses are having a quieter time owing to retailers being inclined to bold their orders till next month. Potatoes—Owing ts the crop of potatoes at Pukekohe th:wing sign 3of exhaustion ai;a also the high prices asked by merchants in the South for March delivery, buyers in Auckland have turned their attention to Australia, and as a consequence several hundred tons have been purchased for shipment bv the Katoa from Melbourne on the 9th inst. The purchases have been made at rates which show a leas landed cost than for potatoes brought up from the South after payment of freight, and the quality of the Australian is first c'ass. It is quite HVelv that if prices for potatoes remain at a high level, much larger importations will be made from Australia. The Kr.ton, however, will not not reach this port before the end of March or early in April, and it is quite likely therefore that <'n the interim &mall lot* of potatoes will be procured from Rangitikei to keep the,market poing. Quotations for potatoes ex store are from £ll 10s to £l2 per ton. Onions—The market is very bare. The quotation for local, which are about exhausted. U 12s 6d to 13s per cwt, ex store.

Maize—lf anything the market shows a weakening tendency owing to heavier arrivals lately. The price ia 6s 9d to 7s per bushel.

Oat" —Very few lines are offering from the South. The Kntoa brings a shipment of Algerian seed oats from Melbourne. A grade are quot°d at 5s 6d per bushel, and B grade 5s 3d. both ex store. Grass feeds —A heavy enquiry is setting in for gTß.ss and c.over seeds, and it is probable this will continue to about the middle of April. The present warm rain is just what is v/antcd to enahlo. farmers to <ret -th" ground in good condition for sowing. Hi?h prices are ruling this season for mr.'t kinds of grass seed.

Chaff—Since last report the Katoa discharged at Auckland a cargo of compressed and also bagsred chaff, -which met with a ready sale The Oorinna also brought a careo of Blenhe ; m chaff from Onehunea. The Tnion Steam Ship Oompanv has also mat rnnotiriced that the Flora will load chaff at Picton for Avckbnd direct. It would seem, therefore, that there will he sufficient chaff to keep thu market supplied for a little •while. Bast southern is quoted at £l2 per ton.

Wholesale current prices are—Superfine creamery butter Is P?d per lb for prompt cash. fir=t grade (pats) Is Bd, second -(Trade Is 7d, farmers' separator Is 3d to 'ls 4d. rheese ltttd to li i>»v lb, hims Is 2d per lb. bacon" Is to Is H per lb, la,rd in bulk lid. pats Is, flour £l7 's (less 2J per cent, discount per ton in 90O1H sneM, 'harps £8 10s, bran £6 10s, oatmeal (25's) £2G. OXFORD MARKET. The yarding of sheep at the Oxford market yesterday was an exceptionally heavy one, over 5000 being penned. The bulk were fajs. Fat lambs sold well, although the market showed a drop of Irom Is to Is 6d per head. The lines offered, however, were a iittie lighter than at the previous Bale. The sales wel<):

Fat lambs—O. Clark, 75 27s Id; W. Ryde, 57 at 25s 7d; W. Higginson, 25 at 293 2d, and 34 at 32a 3d; T. Home, 18 at 27s sd; F. Pickering, 128 at 26s 3d; T. Powell, 56 at 26s sd; S. Campbell, 56 at 283 Id, 32 at 31s 8d; E. Caipenter, 180 from 24s lid to 28j 6d; H. Campbell, 17 at 30s; A. McGilvary, 15 at 2hs lOd, 47 at 33s to 365; W. and J. Ivory, 54 at 28s 4d to 32s 4d; El Skurr, 195 at 255; Addington Bros., 29 at 29i; A. Henderson, 110 at 28s 4d to 31s; H. J. Feutz, 19 at 24s 6d; T. N. Monk, 16G at 28s; C. C. Early, 28 at 255; C. Buschell (Bexley), 87 at 30s Id, 130 at 31s, €5 at 275, 29 at 28s 6d; Miss O'Hattoran, 13 at 22s 3d; W. Wright, 29 at 21s 8d; A F. Fantham, 20 at 265; C. Feary, 23 at 27s lid; F. Fitch, 57 at 28s 9d; T. Gundry, 103 at 2& 8d; T. Mehrlens, 37 at 25s lOd; F. Pavelka, 53 af 24s Id; A. O. Graham, G9 at 265, 46 at 25s lid; B. S. Murfin, 65 at 27s 3d; J. Allen, 51 at 26s Id; T Inch, 41 at 26s 9d; L. A. Vincent, 52 at 21s; T. Gundry, 32 at'2ss 9d; Gilchrist Bros., 39 at 26s Gd; C. W. Sharman, 12 at 31s 7d, 37 at 25s 7d; Estate J. Mounsey, U8 at 27s Id; A. L. Palmer, 31 at 28s sd; B. Wotherspoon, 46 at 26s 7d; D. Hawke, 75 at 20s 4d; R. P. Meyer, 109 at 25s 6d, 150 at 25s Id; Mrs M. C. Taylor, 35 at 30s Id; J. Brown, 97 at 25s 6d. Fat ewes—lvory Bros, 18 at 23s lid; F. Pickering, 30 from 193 5d to 22s 4d; J. McGrath, 25 at 225, 11 *t 24e 6d; Addington Bros 9at 20s; L. E. Mjeyers, 26 at 16s 3d; T N. Monk, 22 at 20s lOd; H. J. Feutz, 35 at 32b; F. Ffitch, 17 at 20s 10d; Estate J. Mounsey, 12 at 21s 2d; Mrs J. Beer, 20 at 183; L. A. Vincent, 11 at 18s Id; 3 Allen, 6 a* 19s 9d; T. Inch, 7 at 18s 6d; R P. Meyer, 18 at 21s 8d; F. J. Meyer, 15 at 20s 4d; T. Mehrtenfl, 9 at_ 225; A. Fantham, 33 at 21a Id; Miss O'Halloran, 24 at 21s 4d; C. Feary, «•*!«» 7d : E ; Carpenter, 34 at 16s 8d; F. Wells, 50 at 18& 9d Fat wetbers-T. Home, 63 at 295; Addington Bros., 14 at 29s 6d; L. E. Meyers, 29 at 275; E. Carpenter, 30 at 30s Id; Mrs M. C. Taylor, 42 at 28s. Store sheep-Thirty-three aged ewes at 10s 3d, 28 at 10s, 10 full-mouth ewes at lis 7d, 40 at lis 9d, 64 four and six-tooth ewes at 27s 4d, 57 two-tooth wethers at 15s 3d, 25 halfored mixed sex lambs at lis 3d 85 at 16s 2d, 48 ewe lambs at 21s 3d. The cattle pens were practically empty, only 3 head being yarded. The entry of pigs was also a small one.

WAITAKERE BRICK AND TILE

COMPANY,

The announcement of the formation of the VKaitakerc Brick and Tile Coy., Ltd., appearing elsewhere in this issue, gives the trublic an opportunity to invest m a bricKniaking concern which is claimed to have excellent prospects. The prospectus of the company, with form of application for shares and a handsomely illustrated booklet, will be sent by return mail on application to the Brokers, Surfdale Estates, Ltd., 154 Queen street. Auckland. Mr M. S. Dunne, managing director of Surfdale Estates, Ltd., will be at the United Service Hotel for a few days, and will be pleased to attend personally to enquiries by appointment.

TALLOW.

LONDON, March 5.

At the tallow sales, 689 casks were offered and 552 6old, mostly at from 6d to Is a cwt advance.

Mutton tallow was quoted at from 51s to 46s 6d, and beef at from 38s to 46b.

Booth and Co.'s London house reports by cable that, at the sales held on March sth, 649 oaaks were offered and 536 sold. Prices were firm at late rates for higher grades, with advances of from Is 6d to 2s 6d in the lowest grades. They quote:—Edible mutton, 51a; edible beef, 47a 6d; good mutton, 49s 6d; good beef, 475; good colour, 475; no colour, 43s 6d; gut, 42s 6d. There were no auctions on February 20th and 27th, owing to the .dock strike and ehortage of supplies. On March Ist stocks were 1300 tons; during February imports were 325 tons and deliveries 1701 tons.

Dalgety and Company, Ltd., have received the following cablegram from their London office, dated March sth: "Tallow.—At the weekly auction, 650 casks tallow were offerel and 535 sold. Pric©3 are 6d to la higher, except for prime mutton tallow, which is unchanged. We qoote good mixed 47s to 47s 6d and gut 43s 6d."

GERALDINE STOCK SALE. At this week's stock sale there was a large entry of sheep and a good attendance, but prices showed a decline, lambs falling by Is to Is 6d per head, comparing them with similar quality at recent sales. Fat lambs Drought from 21s to 31a 7d, the majority selling at between 25s and 295. Fat ewes commanded 15s 9d to 26s Id, and fat wethers from 23s to 31s Bd. Store ewes ranged from 10s to 22s €d, old ewea selling at as low as 2s 4d. Six and eight-tooth ewes , brought 25s 9d, and a pen of wethers sold at 22s 9d. Ewes and lambs, all counted, brought 17s 6d, lambs 21a to 255, ewe lambs 21s 7d, rape lambs from 5s 7d to 16s 6d, and culls from 9s 7d to 12s. Store pigs sold at from 24s to 265, but for weaners the highest bid was 7s 6d.