COMMERCIAL ITEMS

Dominion, Volume 8, Issue 2523, 26 July 1915, Page 8

COMMERCIAL ITEMS

Customs \ duty collected at the port of VTeliint'toii on Saturday Amounted to £965 19s. sa. . .' • ' ' . WELLINGTON , MEAT ' EXPORT 00. In the twenty-sixth animal report of the Wellington 'Meat Export: Co., Ltd., 1 the directors, express pleasure at the satisfactory resitltsi-of 'tlio business. After providing £4230' 135.. for the interim • dividend for the half-year .'ending December 31 last, and £6848 18s. :4d.\ for depreciation, there remains! the sum of: £32,241 12b. 6d. available for: distribution, sum your board recommends .should' .be applied as follows, " viz.Payment: 'of dividend for half year to June 30 lost; £4230.135.: transfer to equalisation or dividends reserve, £4000: refund of amount withdrawn, from . iwafisation of dividonds:'reserve at June" 30, 1914,' £4230 135.; trensfcr to ; insurance, reserve, £5C00; 'transfer.,to reserve fund,. £6000; payment of: bonus at; Tate of >2 per : cent.; £2115 6s. 6<L; further contribution to Patriotic: Fund .(making a. .total, of £1150), £500; carry' forward, £6165. ■ The retirinpr. directors' are- Messrs. James Campion and . Edward Newman, -H.P.,. who ; . are eligible and offer .themselves for re-election. Of

the retiring auditors, Messrs. E. Bucholz, 0. 8. -Watkins, and W. S. Wheeler, IJie two last-namecl are eligible, and ofler themselves for re-election.. ■SKIN AND HIDE SALE. Messrs. Abraham and Williams, Ltd., report Q-s follows on tlieirliide and skin pale of Friday ■ last :-our catalogue comprised somo 3DCO skins and 250 liidoy. Included in tlio skins "were some 1500 salted, and tlicEe commanded strong competition. All classes of produce was in good.' demand and sold at last sale's rates,' except, that secondquality and inferior skins "were .somewhat easier. Tallow -was in better demand. at an increase in price. The range of jvrices waa as ■published on Saturday.: LONDON WOOL SALES. By Megraph—Press Association-Copyright London, July 23. At the wool sales there was a bettor sale all round. Medium and good wools were firmer, elmbby unchanged.' Prices realised —"Ymxling," top' 16d„ average 15 3-Bd.; "Stony Creek,"' 19Jd. and- 173 d.; "Gowyn," 15»d. and l<jd.; •■•"Bunnamegoo," 17d, and 15Jd. New 18d, and 16 3-Bd. : ' • (liec. July 25, 5.5 p.m.) London, July 24. ' The wool sales have closed, -with, prices steady. Tliere were sold for tho : Home market 152,000 bales; for the Continent, 15,000; United States, 5000; held over, 72,000. Good combing lhcrinos were fully maintained at the opening ■ advance, Hussions operating freely. Prices generally were from 7J to 10 per cent, abovo May rates, and shabby and faulty 5 per cent, below the lowest May rates; finer. crossbreds met with a strong French demand, and fully maintained their highest level for the year; shabby and coarse lost the opening advancc, and dropped fully 10 per cent-., but recovered this week, and closed at Id. decline compared with May rates; Finer scoureds were strong, - but. coarser' declined l}d. to. 2d.;, slipes declined Id', and 2d. from tho - highest rates. Merino lambs were scarce," the best being 5 per cent, dearer; crosebrcds declined fully 10 per cent. ■>' - Until the combing and 'carbonising machines in France and Belgium are again ■ buying, there is little hope for faulty and shabby wools. The lethargic support of the Home'market was-due to financial considerations. ■ Owing to the congestion on the railways a long time is taken.over the combing of the wool, and there is a serious delay in converting it .into money. It ( is deplorable that every comb is not working day and' night, especially as tho mar chinery in England is inadequate' for coping with the Army orders. .... 'FROZEN MEAT. ' 1. . . . : (Eec. July 25, 5.5 p.m.) London, July 24. The' Incorporated Socioty of Meat Importers' Smithfield .market quotations for tho undermentioned classes of frozen meat are based on. actual sales of not less than ono hundred carcassee of mutton or lamb, or twenty-five quarters of beef, of faiT uvorags quality. Tho Quotations aro not for seleoted lines, but for parcel> fairly representative' of the bull; .ot the shipments now on tho market . The prlcer which follow are on the average a, farthing jer lb. more than the valuos ex ship, this difference representing tho avorags co6t in expense, handling, convcyanco. ctud selling",of the meat:— Mutton— , ' ■ d Canterbury, light 73-16 Canterbury, ; medium 71-16 Canterbury, heavy ■: 63 Southland 7 North Island, best 7 North Island, ordinary 6J New Zealand, ewes 6£ • Australian heavy 68 : .. Australian, light ....: 68 ; Australian, ewes 63-8 I Eiver Plate, light .. '/ , River Plate, heavy 63 Lamb— '" • , . Canterbury, light 83 ■ Canterbury, seconds 6J Canterbury, medium 83-8 Canterbury, heavy ,8J North .Island,, ordinary 81, .. North'lsland, selected ;.... 8 5-16 ■ . Australian,-best 81-8-, Australian, fair ' 8' Australian," inferior 'i \ Eiver, Plate; light 8 •' • Eiver "■Plate, 1 heavy -s <73 Beef— ■ .. 'V■. , Argentine,'chilled fores 75 Argentine, chilled hinds 83 BABBITS. - Rabbits are firm. Now South' Wales blues,' Ms. to 2!s. ... LONDON. MARKETS. (Rec. July 25,' 5.5 p.m. 1 ) ■!■. London, July 24. - N.Z. . Hemp.—July-September. shipment, £31 10s. per ton. Jmte.—August Shipments, £24 15s. per ton. Copra—August-tSeptembfcr shipment, £21 10s. ' 'Rubber—Hard fine Para, 2s. 6d. per lb:; plantation, 2s. 6d,; : smoked Bhccte,. 2s. "Cotton—July-August; shipment, 5.08 d. iicr . Quicksilver is quoted at 3705. "per bottle. Silver—Bar silver is .quoted at Z2 7-16 d. per ounce standard. . Danish Butter.—l62®. to 166 st ' v '"wheat. •: (Eec. July 25, .5.5 p.m.) London, July 24.. The wheat market is 'firm, and business quiet. Chicago July options. 109 i cents to 112 cents;' September, 105,1-8 cents to-1073 eentfi. THE METAL. MARKETS'. " London, July 23. Copper—On the spot, ,£74 10s. to £74 155.; three months, £75'125: 6d. to £75 17s. 6d.; electrolytic, '£89 to £90. ■' ' . - Tin.—On the spot, £162 .2s. 6d. to £163; three months, £160-ss. to £160 15s.'- , iLead.—'Soft foreign,' £24 '7s. fid. ' to' £24 12s. 6d. -;,v" NELSON BEOS., LTD; ; (Eec." July 25, 5.5 p.m.). ' ""'.'■• London, 1 July 24. Nekon Brothers,' Ltd., have declared' an interim dividend of 4 per cent. ■ BROKEN HILL PEOPEIETAUY CO. . Melbourne, July: .24. The Broken Hill Proprietary Company has declared a dividend of a shilling, payablo on August 11. •' j