IMPERIAL COMMITTEES.

Press, Volume LXII, Issue 18726, 24 June 1926, Page 10

IMPERIAL COMMITTEES.

SHIPPING AND ECONOMIC. (from oub own correspondent.) LONDON,' May 21. The Imperial Economic Committee and the Imperial Shipping Committee resumed their work at the beginning of May. The Imperial Shipping Committee are continuing their enquiry into North Atlantic Freight Rates, and are also investigating the control and working of Kilindini Harbour, tho development of ■the port of Hong-Kong, and the utilisation of certain port works constructed at Prai. on tho mainland opposite Penang. In addition, they are preparing a Progress .Report for presentation to tho Imperial Conference in the autumn. ■ Tho Imperial Economic Committeo signed their Third Report'ou 31st March ■last. Publication has, however, been delayed owing to printing difficulties. It' is ■ hoped that it will be issued within a fortnight., Tho Committee, having completed their investigations into meat' and fruit, are continuing their enquiry into the marketing and preparing for market of foodstuffs produced in the overseas parts of tho Empire, and are beginning an investigation into dairy produce. It is anticipated that this enquiry will extend over the summer and the report bo available before tho holding of the Imperial onference. . BURNSIDE MARKET. (PREBS- ASSOCIATION TELEGBAM.) DUNEDIN, June 23. At Burnaido to-day fat cattle ivere down by 2Ss a head, compared with tost week's rates. All closses of butchors' sheep' advanced from Is to 2s, and fat pigs wore a new shillings dearer. . Fat Cattle—There was a fairly large yarding of -297, oompared with 285 head last week. .Cows and heifers preponderated, there, being only a few pens of extra prime heavy steers. , At the commencement competition, was keener than last, week, and the prices obtained for prime. ox beef were firm at last week's rates, but. towards the close declined to the extent of 20s per head. The market for -cows and heifere scafcely altered. ! Prime handy-weight ox beef sold at up to 88a; prime heavy-weight ox beef at from 33s to 355, prime heifers to. 82s 6d, light heifers and cows from 20a ,to 25s per 1001b.' Prime bullocks £ls to £l7 15s, medium £l2 10a to £l4 10s, light £9 10s to £ll 10a, extra prime heifers to £l2; .prime heifero and cows £8 to £lO, medium £6 to £7 10s, old and inferior £4 to £s'tos. Fat Sheep—There was an entry of 1950, compared with 2000 last Wednesday. There was, a fairly 'large, proportion of . medium to good Cwea and ,light wethers,' but ;thero; we're extra prime heavy wethers.. ■ For all butchers' sWp there was a rise of frojn Is td 28 per" head;- 'while • freezing atid'.' light-1 weight ewes and wethers showed very .little change. Prime handy-weight wethers sold at up to 6d per . lb, prime heavy-weight wethers, from. sjd to 6d, primo ewes to 6d, and light and aged ewes 4d to 4}d Prices per head were Extra prime'wethers to 495, I priiiie '38s : to 425, medium 81s 6d to 868-64, light-weight 25s to 28s, extra prime ewes' to 85s, • prime from 23s to 275, medium 19s to 21s Gd, old and inferior lOs to 15s. Lambs—There was a' small penning of 382. Exporters were keen buyers,, and the quality waß good Prices—Best lambs 28s to 80s, others 23s to 275. , . 1 Store Cattle—TJiere.was an average-sized yarding of 293, compared ; with-820.',188t week. The entry, was !comprised almost' entirely ,of cpws -and' heifers, ■there being hardly any steers, .but,, One' line of.'einalli three-year-old steers,' ingood,condition ..brought i£9 5s per head. The balance-'of the yarding gold at last week's' rates. ~ ' Pigs—There was penning of 98 fats and six stores. ' Owing : to, the, smallneea of the market fats famed by about'ss per head. AUCKLAND MARKET. . . , , . (SPECIAL TO THI PBESB.) ' : ' AUCKLAND, June 23. Potatoes.—The market •is firmer at-9s ex store, the stronger tone ; ,b«iing due. to. renewed enquiry for shipment to. Sydney. A large- quantity -went away' from' Canterbury last week, but Auckland- merchants' do not place much confidence in this. trade,'regard- : Ing' orders as a few spasmodic attempts on the palrt of individual merchants in. Sydney to'get'past the high-price of Taamanian potatoes. It is considered here that'the North Island is . a better market than Sydney is ever likely to be. ; Onions.—These are very' Bcarce, and the market is firm at 18s to-20s. It now appears certain that .there;- will: be a : gap _ between the. exhaustion .of New Zealand onions and ths\first arrival .of Japanese, in spite of the reduced'demand occasioned by the high .price in comparison with fresh vegetables. ■ . ' ■ Oats.—There has been no difficulty in disposing of Chilean .oats as ordinary feed, and a quiet market 'continues, sales being dull at 68 Sdl '.ex wharf and 5s 6d ex stora for B Grade... ' : • ' ' , „ Southern Chaff.—This is also dull, the stables ' in' Auckland being very much reduced* while very little contract work is being done in the country during the tharej>y ..reducing fodder requirements to a minimum. In Sydney it is stated that there is a tendency for a certain proportion of' motor traction to revert to horses,, especially, for short journeys in the city, but~ tHis is not taking place here, and the opinion is hold in Auckland that this will ! not happen unless there is a substantial rise 'in the price of petrol. The now freight .rates from Adelaide come into force on July Ist, and these have already had their effect in slightly .firming, the price of New Zealand chaff, as well as Australian. .. . • , t Wheat.—Milling grades and fowl wheat continue to arrive from Australia. Bran and Pollard. —Both are selling in accordance with the new cost, and there is a Iheavy demand duringthe winter, dairy cows !'being responsible for' a larger quantity of bran each season. , . Maize.—The .new grain is arriving, but it? appears to be too new, and. growers will have to keep it longer in crib if it is to sell to advantage. The diflerence in price denotes the unpopularity of new, which realises 6o 6d on the wharf in wholesale lines, whereas old is worth 7s sd. New season's South African will be here about the end of September. CLEARING SALE AT METHVEN. The New Zealand Loan' and Mercantile Agency Co., Ltd., held a'very successful clearing sale on account of Mr W. J. Chambers, "Springfield," Methven, on Monday.* There was a large attendance .of- the fanning community present, and a total clearance was effected. The details are:——7o sound and failing-mouth halfbred ewes in lamb at 17s j 2d, SO two and eight-tooth halfbred ewea at i 27s 6d, two, four, six, and eight-tooth owes at 82s, 43 rape ew.es at . 10« 9d. 2 dairy cows in profit at £8 15s, 1 ditto at £7 ss, 1 springer £4 ss, 1 at' £2 2s .6d, 1 at £4 10s, 1 at £6 10s, 2 springing heifers at £4 2s ■ 6d, 1 steer at £5, 5 mixed sex yearlings at 325, 1 bull £2, 1 sow at 17s 6d, 1 aged gelding So, aged mare 80s,'' 1 seven-year-old gelding £47 i mare £3O. aged gelding £34, spring cart, "gelding £l9 10s, aged mare £2O. bay mare aged £2B, 41 sacks seed Tuscan wheat at 28s, 20 sacks seeds for £3 10b, 50 sacks oaten sheaf chaff at •5s 6d, l stack oatsheaves for £4!>. - Implements—2-stand. Lister shearing plait 563, saw bench £ls, drays and frames £lO to £l2, Cyclone netting 22s to 52s per coll, separator £2 10s, Masscy Harris binder £lB, stripper £24. sheep feeders £3 to £5. three-furrow' plough £ls 10s, cultivator £5 10s, .chain harrows £ll 10s, Drummond harrows £B, double _ acuraer £7, Duncan drill £49, tine harrows £3 10s, Cambridge rofler £23, wheelbarrow 255, tine harrows £7, spring cart £2O, Avery scales £4, tarpaulin £7 10s. ■ ■

CHRISTCHURCH STOCK EXCHANGE.

YESTERDAY'S TRANSACTIONS.

Sales Beported—N.Z. Govt. 4J per cent. Bonds, 1930, £97 10s; E., S., and A. Bank, £8 2s (3 parcels); National Bank of N.Z. (cum div.), £7; Dalgetyand Co., £l6 1b; Wilson's. Cement, 34s 6d (2 parcels). ■ • Sales on 'Change—N.Z. Breweries, Bonds, 26s 4d; Bank of New aouth Wales, £45 ss; Bank of N.Z., 62a 9d (3 parcels); Western Aust. Bank, 57s 6d (2 parcels); Dalgety and Co., £l6; Wilson's Cement, 34s 6d; British Tobacco (cum div.), 53s sd.

OTHER EXCHANGES. (PHESS ASBOCIATIOH TXLSQKAII3.) AUCKLAND, June 23. Sales—lnscribed Stock, 1938, £96'l2s 6d; New Zealand Breweries, .26s 6d;i Bank of New Zealand, 62s 9d; Auckland, Gas, 245; Huddart i Parker,' 44s 94 i Hill' and Plummer, 21s 6dj Colonial Sugar, £55; Wilson's Cement, 34s 6d; Alburnia, 4s Sd, 4s 4d, 4a 3d', r 4s Id, 4s; Kawarau, 7s 6d; New Waiotahi (contrib.), la 8d; Ohinemuri, 6s. OATS IMPORTS FOB SIX MONTHS. The following returns of oats imported into the Dominion for the six months ended April 80th, wore received at yesterday's meeting of the North Canterbury executive of the New Zealand Farmers' Union:— \ Canada. - Australia, centals. £ centals. £ 1925 Nov. .. —' Dec. .. I,po 363 1,499 670 1926 Jan. .. 1,903 624 1,855 1,061 Feb. .. 10,710 3;829 Mar. .. 13,848 5,454 248 ' 164 Apl. ... 8,873 3,660 233 144 Totals.,.. 36,453 £13,920 4,399 £2,343 GOLD. (BI CA3LE—PRESS ASSOCIATION—COPYRIGHT.) (AUSTRALIAK AKD K.Z. CABLE ASSOCIATION.) • ■ ■ • LONDON, June 22. • The price of gold is 84s 10id.' . WOOL. (EV CABVS—rBESS ASSOCIATION—COPYftI3HT.) (austbauan and n.z cable association.)' (Received June 23rd, 11.15 p.m.) SYDNEY, June 23; The 1925-26 wool-selling season has concluded. Competition for all well-grown wools was maintained, and the-series closed with gome improvement on the new clip for lines showing'attractiveness and depth of etaple. Faulty and dusty sorts were irregular. New lines of fine crossbred realised full late rates, and snper scoured sorts had fairly good competition at unchanged prices. CONTINENTAL MARKET. (iSOil OUB OWS COBBESJOHDENT.) LONDON, May 21. Mr J. P. H. Mertens, Honorary Commercial Bepresenative at-Antwerp for the Dominion of New Zealand, reports that at Verviers (Belgium), worsted spinners and manufacturers keep bnsy, but that the woollen trade is very slow ■to improve, while the borne trade has been upset by the critical exchange situation. At'Roubaix-Toutcoing .(France), an active demand is maintained for all qualities of tops and noils. The total increase in stocks of. tops at combers during April was only 80,0001b, notwithstanding that combing mills are running to full capacity. Reports from Italy continue to be generally satisfactory. . Complications arising from the crisis in Continental exchanges and the general strike in England, have had a bewildering effect on business. Continental economic and 'political conditions still hamper the development of an otherwise, favourable wool situation.

LATEST QUOTATIONS ( Buyers SeUe re. £ s. d. £ s. d. N.Z. GOVT. DEBENTURES— ■• 4j per cent. Inscribed, and Bonds, 1938 .. 96 10 0 — 4-J per cent. Inscribed, 1339 96 12 6 — 4J per cent. Bonds, 1330 97 7 6 ' '— 4} pev ■ cent. - Bonda, 1333 96 10 0 97 0 0 6 per cent Inscribed, 1927 96 7 6 —' 5 per cent. Bondt, 1927 , ; 38 12 6 — 5 'per cent. Inscribed, •1029 98 0 0 •■ — 5J per cent. Inscribed, 1933 f9 12 6 99 17 6 53 per cent. Bonds, 1933 99 12 6 100 10 0 COMi'ANY DEBENTURES— N.Z Breweries, Inscr. — <l-'6 0 N.Z. Breweries, Bonds 1 6 4 .1.6 8 B3NKSAust. Bank ci Comm. 1 12 G 1 13 9 Australasia 14 5 0 . . — Comm. of Aub!-. 1 11 G 1 11 a Cointn.of Aust. ipref.) 6 16 6 7 0 0 E., S., and Ay 8 2 3 8 3 0 National of Australasia (.£10 paid) 17 19 0 18 10 u National of Australasia (£0 paid) 8 19 0 .9 1 6 Naliona! of N.Z. (cum div.) fi 19 0 7 0 0 New South Wales 45 0 0 45 10 u New Zealand .. 3 2 6 3 2 10 Roya! <£1 ra ; d) .. 1 16 9 — Royal (£4 paid) 7 0 0 7 4 0 Union of Aust. .. 15 6 6 15 9 0 Victoria (crd) 8 14 0 .8 18 0 Western Australian .. 2 17 6 2.17 9 X'-'URA'CE-National. 3 19 0 4<0 0 New Zealand .. 3 0 9 2 2 3 Queensland 2 14 6 ■ — South British 2 19 0 3i 1 0 Standard 2 18 9 3 1 0 LOAN AND AGENCY— Dalsiety and Co. — ■ 16 2 0 Goldsbrough, Mort (cuxn div.) 2 9 7 .2' 9 8 SHIPPINGHoward Smith 1 13 3 1 14 a Huddart-Parkcr 2 4 6 2 ,5 0 Huddart-Parlter (pref.) 10 9 — FROZEN MEATCantorbury 9 10 0 .— N.Z. Refrig. (paid) .. — 0 18 0 N.Z. Refrig. contr.) ..' 0 8 2 ' 0 8 4 WOOLLENSKaiapoi (7s paid) .. 0 4 5 — Kaiapoi (prof.) ... 0 14 0' 0 1C 0 COAL"Westport .. ». 1 16 3 1 16 10 Stockton (ord.) 0 13 ■— Stockton (prcf.) 0 2 9 ■" — GASAshburton .. .. 4 7 6 ■ 4 15 0 • Christ'churchl .. «. 14 3 ■V 4 6 BREWERIES— New Zealand .. 2 15 0 2 18 6 Staples 1 17 4 1 18 9 1 Tirnaru ••■•-. «. — 0 17 0 Ward . .1 19 6 2. 2 0 CEMENTS—' Wilson's .. » 1 14 6 1 14 8 TIMBER—. ,. • Bartholomew .. .« 18 3 — Kauri 1 12 9 '113 9 MrsCELLANEOUSBeath and Co. , •.. 1 11 6 1 12 9 British Tobncco (ord. •cum: div.) ■ ... 2 13 6 2 13 8 Colonial Sugar .'. 54 5 0 54 12 6 D.I.C. (10s paid) 0 16 0 — Dominion Rubber .. 2 9 6 ■ — Electro.. Zjno' (pref.) ., 1 16 0 1 18 8 Electro.'' Zinc • (ord.) 1 16 0 .1 16 '6 'Henry Jonos' ; .. 2 6 6 2'7" S Mason,; ' Strainers.' (£1 . oaid) ....... 13 8 ■ — Mason,- ■" Striithera (14s paid) .. . :. . 0 15 0 .' — Mason, Strutters (10spaid) 0 10 9 ■' — 1 NiZ.'.Dnig. .r. :.:■■. 1 ;. ; ■ —. ■; 3 10 9 Merc. Financo Corpn. (5s paid) ' '.. • 0 4 9 0 8 3 N.Z. Farmers' Co-op. (1st,,pref.) , ..... 2:10 ;0 3. 0 0 N.Z ' Farmers'. Co-op. (peel, re div. only) 1 10 0 1 17 6 N.Z. Guarantee Corpn. , 0 9 10 0 10 3 N.Z. Malay ' Rubber (ord.) 3 8 6 — Whiteombe and Tombs 3 8 6 — •■ MINING-: . Mt. Lyell. •.. •„ 15 6 1 5 7 Waihi ■'.■..'■■ 0 0 18 .0 0 19 0 Grand, Junction ». 0 13 0 1 6