PREFERENTIAL TARIFF.

Press, Volume LXII, Issue 18681, 3 May 1926, Page 8

PREFERENTIAL TARIFF.

NEW REGULATIONS. . (PRESS ASSOCIATIOK TILEGHAi!.) . AUCKLAND, May 2. The new Customs regulations under irhich.the preferential tariff does not apply to goods not possessing 50 per • cent, of British value has been in op- , eratron for four weeks and the pericd is not sufficiently long to demonstrate ] , its full effect. In many cases, goods landed since, the beginning of the month are under enquiry, hut several • lines have been definitely proved to be more foreign than British, aoid therefore have lost advantage of the preference .they enjoyed when the quafify- ' ing proportion was 25 per cent. Among these are two makes of American motor-cars, exported from Canada, both well-known in this country. The importers admitted liability and are paying'duty on the foreign scale. In tho ■ case of the third American car, partly manufactured in Canada, enquiries are ou foot, deposits of guarantees to cover the full duty having been obtained by the Customs Department • pending decision. Among the imports from England, formerly receiving preference, but now charged full duty, are certain paper bags and paper goods, lubricating oils, felt and velour hats, silk neck-ties, and furs. A number of articles have been 'queried and in some cases importers have hiarl to cable to England'to ascer- < .tain the nerecntaegof British created value. Those include certain, garments manufactured from French, woollen materials, manufactured drugs, boots " and shoes, and machine belting.

FOR ADDINGTON. POVERTY BAY SHEEP. (special to • "the pbjss,") • GISBORNE,' May 1. The rise in price* at Addington during the putt few week« is causing an increase in the number of shipments, of Poverty Bay ewes to the south. Many attractive lines bate gone forward during the last month, arid at the sale at Addington last week a lino of ewee which came from one of Mr "Williams's stations made over 38s, the best price of the year. Dealers, who had a bad time at the beginning of the season, are now leooupiag some of their losses. The present attractive prices have induced many who are not ordinarily interested in the .southern lwirket' to send consignments away, with the result that several vessels have been kept going continuously during the last three weeks.' For ths 'next fortnight, at any rate, i>nd possibly later than that, shipment* will •be made< from this district, and three or ( four boat-loads will be going each weeic. In several respects the present season is uhique so'far as' the shipping of sheep to Addington is concerned. In the first place, it is seldom that conditions here are no dry-as at present, and farmers are anxious / to quit fheir sheep. On the other hand, there has been an exceptional growth of feed in the south, with a consequent demand sheep. Trices, which up till' a month • ago were lower than usual, have been rising steadily, and the last few shipments have i sbowit. a. very fair margin of profit. Farmers in the Wairoa district are evincing an interest in the shipping of bheep to >' Addington, - and on • Tuesday of this week the Parera took 120 sheep from Mr J. S. Jessgp's station at Awamate. These were ♦hipped from Waikbkopu. The. Parera will he engaged for some time on the work of taking'sheep from the Wairca district to AddingtoiS, and haa several trips to make. It is probable that before the final shipment is made,, at least 5000 sheep will have been sent away irom Wairoa.

LONDON MARKETS. ' CABLE—PRESS ASSOCIATION— COP7AIOBT.) AUSTRALIAN AXD K.Z. CAB LI ASSOCIATION.) (Beceived May 2nd, 5.5 p.m.) ' • . LONDON, May 1. 1 ' Cotton—The quotation for June delivery Is 9.23 d per lb. Rubber—Para. 21ld per . lb; plantation . smoked 23|d. Juts—May-June- delivery. £46 10s per ton. H,emp—May-July £B7 per ton. i Copra—April-May £2B 7s 6d per ton. • Linseed oih—£3o 15s' per' ton. " Tuijientine—6ss psr cwt; j

■ n ■ 1 .. i. i. ;/ ; ' v • i FROZEN MEAT. (Beceived May 2nd. 5.5 ; , p.m.) ' LOfcDONV May 1. Froren mntton—Canterbury light 6|d; . .Kbrth Island light 6|d.- medium 6|d; Aus- • traliaoVswes 4|d; Argentine, light la, medium 4Jd. Lambe—>N"orth Island seconds 9Jd; Aus- . ti;wisn seconds," Victorian BJd» others BJd> thirds Bid. ■ . Frozen beef—New Zealand fores 3id, hinds ;.M, Australian hinds 6d; chilled Argen- ; tins forts 3|d, hinds 6fd. Others are unchanged. , . Hie New Zealand Meat Producers' Bcsja ( ]}& a received the following cable from its . London office, dated April 30th, 1926, advie- ( in g tJmitkfield delivered "prices at that date •s- follows (prices lor the two previous weeks • are alio shdwn):— ' _ ' , Naw Zealand wethers and maidens —Can- , tsrbury quality, selected brands (new season's) ; 56-under, 80-4-26 6Jd, 33-4-26 6Jd, 16-4-26 6Jd; 6?-M 6d, 6d, 6|d; 65-72, SJd, 6id, . • 6td. Other brands (new seasons); 56-under sid, 6d, Bid; 67-64, 6ld, 5Jd, 6Jdj 65-72, . 6id, Sid, 6Jd. , New Zealand ewes (new season's) —64-nnder, i 4Jd, 4id, 4|d. j New Zealand ' Lamb—Canterbury quality , (new season's); 86-under, 10|d, 10Jd, 10id; r ' 87-42, lOd, lOd, 10d; 43-50, 9Jd, 9id, 9Jdi ' seconds, 9jd, 9gd,' 9Jd. Selected brands (new season's); 36-under IOJd, 10|d, lOJd; 37-42, lOd, 10d; lOd: Other brands, first quality (new season's); 42-under, 9Jd, 9jd, 9Jd; seconds; 9ld; 9jd, 9Jd. Nsw Zealand beef—Ox fores, SJd, 3|d, B|d; 1 ox hinds, Bd, 4jd, 4]d; cow fores, SJd, 2Jd, not quoted; cow hinds, 4&d, 4d,.-not quoted. Argentine chilled beef—Ox fores, 3|d, 3jd> Std; ox hinds, 6Jd, 6Jd, s|d. Argentine frozen beef—Ox fores, not quoted, i ,BjOt quoted, not quoted; ox hinds, not quoted, a not quoted, not ■ quoted. d .. Frozen pork—Bo-120lb, 91d, 9id, not quoted; i 12<M801b; 9d, not quoted. 7 • The mutton market is weaker. • The .laßib market is steady. g / TKe beef market improved owing to lighter y .... deliveries from Argentine. 0

SKINS AND HIDES. I \ . A the Wellington fortnightlv sale of 1 sheepskins, hides, and tallow, etc., there p * w # th* usual attendance of buyers and 5 considerable competition for the lines offered. E SheepekiM were quoted M on s par with 0 previous sale, held on April 16th. Heavy 6 and medium ox hides were lower by prob- j ably W per lb; heavy cow hide* wore ♦, et from par to |d" per lb higher; calf-' £ skins were weaker; tallow also was lower. Range of price*:— ' 1 Sheepskins—Halfbred, 12Jd to 12Jd; fine crossbred, IOJd to llld; medium-coarse crossbred 81d to lljd; short to half-wools, 7Jd to lOJd; hmbs, 9Jd to Hid; dead and damaged crossbred, 5d to lOJd; inferior . and badly damaged, 5d to 7Jd; pelta, 41d to 9Jd; damp, salted, and green, 4a to 8s; 0 pelts salted, 2s 3d; lambs ealted, Ss to Ss 6d. u .Hides—Ox, extra heavy, 701b and over, 9ld b to9tf; ox, heavy, 591b to 691b, BJd to 9|d; w ox, medium, 531b to 58lb, 7Jd to Bjd; ox, b light, 451b to 521b, s£d to 74d; cut, slippy, al and inferior, 3id to 6Jd; cow, heavy, I3lb a and over, 6d to Sid; cowj medium, 451b di to _S2lb, SJd to 6}d; cow, light, 38lb. to 441b, tl ■. ■» 43d to 5Jd; cut, slippy, and inferior, SJd to • 61d; bu!.' stag, SJd to 3Jd; yearlings, lllb ti to 161b 7Jd, 171b to 321b Sd to 7Jd; calf, oi > Hiediom to good, lip to 10lb, 7d to 12d, oi ..damaged, up to IMb, ajd to 7|d. .» "allow—ln casks, 27a 6d to 325; in tins, . 11a to 25s 6d. I'' V C