FARMING & COMMERCIAL

Dominion, Volume 14, Issue 181, 27 April 1921, Page 8

FARMING & COMMERCIAL

AUCTION SALES FORTHCOMING FIXTURES. TO-DAY. 157 Lambton Quay. Wellington, 10.50 a.m.— Salo of furniture (E. Johnston and Co.). 157 Lamtbon Quay, Wellington, 10 a.m.— Salo of Whisky (E. Johnston and Co.). Otakl Yards, 12 noon.—Stick sale. TO-MORROW. 21 Upland Road. Wellington, 12 noon.— Sale of furniture (Johnston and Co.). 137 Lambton Quay.' Wellington. 2.30 p.m.— Sale of residence (Hodgkins, Carver). Show Grounds, Addington—Sale of Shorthorn herd (Matson and Co.). BUTTER AND CHEESE LONDON QUOTATIONS. Messrs. Dalgety and Company, Limited, report having received the following cablegram from their London' house, under date of April 22:— Butter market slow, demand irregular. Price for Government stocks unchanged, except first grade. Second grade Australian advanced to 2505. on April 16, owing to buyers purchasing large stocks to provide against possible strikes. Doubtful whether prices can bo maintained. Danish official quotations, 25ft?. to 2705., but there are free sellers at 2565., and stored parcels offered at 2455. Cheese market firm, fair.demand. NewZealand coloured, 1565. to 1625.; white, 1345. to 1425. Stocks small, but plentiful arrivals expected. Prices may then decline. FROZEN MEAT MARKET MUTTON, LAMB, AND BEEF. Messrs. Dalgety and Company, Limited. report 'having received the following cablegram from their London house, under-date April 22:— Frozen Mutton and Lamb. —Market dull, but prices unchanged. New Zealand prime crossbred lamb, new season’s, sell readily at Is. 2d., owing to scarcity. Frozen Beef.—Market stagnant. We quote New Zealand and Australian prime ox beef, hinds, 51 d.; Australian prime ox beef, fores, 4d.; inferior quality, Australian forequarters, sales made at 3d. per lb. LONDON WOOL SALES .OFFERINGS AT NEXT SERIES. (Rec. April 27, 1.5 a.m.) : London, April 26. At the wool sales commencing on May 3, 40.000 bales will, be offered on behalf of "Bawra.” The privately owned offerings will include 34,000 bales from Australia and 2500 from the Cape—Reuter. , COMMERCIAL ITEMS INVESTMENT SHARES. Inscribed Stock and War Bonds and bank shares were in good demand yesterday at closinsr rates of the previous week. Government stocks are becoming increasingly difficult to obtain, and there appears to be a scarcity of sellers at the prices which buyers are prepared to pay. The latter will probably have to raise their bids, or look for other investments.

Vnref.) — 0 17 0 Wilson’s Cement 0 14 6 — CUSTOMS REVENUE. Custom's revenue collected nt the nori of Wellington yesterday totalled £7OOO 12s. Bd. WELLINGTON DEPOSIT ASSOCIATION. The report of the directors of the Wellington Deposit, Mortgage, and Building Association. Ltd., states that the net profit on the year’s business in £1875 Os. 5d.. which, added to £409 12s. lid., brought forward from last year, makes a total of £2284 13s. 4d. The directors recommend that this sum be applied as follows:— The payment of a dividend for the year at the rate of 6 per centum per annum, which will absorb £lsoo.'a sum of £250 to be placed to the reserve account 'which will then stand at £3250). and the balance. £534 13s. 4d.. to be carried forward to next year's account. During the rear a sum of £176 was subscribed to the Soldiers’, Settlement Loan. In accordance with the articles of association, two directors (Messrs. W. EL P. Barber and F. J. Evans) retire, and, being eligible, offer themselves for re-election. The retiring auditors 'Messrs. J. H. G. Rowley and W. Beauchamp-Platts) offer themselves for re-electton. LONDON APPLE. MARKET. Australian-New Zealand Cable Association. London, April 25. The apple market has eased considerably. Retailers are finding that the public will not pay sufficiently high prices to justify the extravagant first-hand prices made last week. ■ Consequently the few thousands Boltanas and West Australians marketed nt Covent Garden to-day sold disappointingly. This is not surprising, as the apples have not carried well, and there is much over-rlp> w ess. Some pears were condemned. Buyers are alto influenced by the knowledge that altogether 21)0.000 cases are duo to arrive this week Jonathans made 15s. to 19s. 6d. a case-' Dunns. 20s. to 225.; and Cleopatras, 19s to 225. PRICES OF METALS. (Rec. April 27, 1.5 a.m.) London, April 25 Conner.—On spot. £7O 4s. 3d. per ton - forward delivery. £7O Ba. 9d.; electrolytic in-p-fa. £7l : wire bars. £74. Lead.—On spot, £2O 15s. per ton; forward delivery. £2l ss. Spelter.—On spot. £26 per ton; forward delivery. £27. Tin.—On spot, £174 2s. 6d. per ton; forward delivery, £176 17r„ 6d. Silver.—Bars. 34fid. per ounce standard. NATIONAL INSURANCE COMPANY . INTERIM DIVIDEND DECLARED. By Telegraph.—Press Association. Dunedin, Anril 26. The directors of the National Insurance Co. of Now Zealand have declared an interim dividend of Is. 3d. per share, pavable on May 17.

MINING NEWS WELLINGTON SHARE MARKET. The quotations yesterday for tjiining shares were as under:— Buyers. Sellers. £ s. d £ s. d. Progress • — 0 1 J Talisman 0 5 0 0 5 7 STOCK EXChXnGE. By Telegraph.—Press Aseocis.tion. Auckland, April 20. Sales: Talisman. ss. sd„ ss. 6d.: HuddartPnrker, 40s. 6d.; Talisman. ss. 3d. Sale reported: Talisman. ss. 6d. Dunedin, April 26. Sales: P. and O. (deferred). £335. £340; Westport-Stockton, 6s. 3d.; Huddart-Parker, 40s.

Yesterday's Quotations were as follow: — Buyers. c d. bellerR. £ e. d Inscribed Stock, 1959 7a io o —— Inscribed Stock, 1938 78 10 0 — Inscribed Stock. 1933 .... an 1? 6 89 5 0 War Bonds, 1939 78 10 0 — War Bonds. 1938 78 10 t) — War Bonds. 1930 84 0 0 87 0 0 Bank Australasia. (rights) 2 14 0 — Bnnk Australasia (fractions) ‘..4 2 0 0 n 2 6 National Bank 5 6 0 Bank New Zealand 2 6 6 2 ? 0 Union Bank 11 7 6 -— Abraham and Williams — 4 15 Q Eauitabte Buildinu Co. —— 8 10 0 N Z. find Ki ver Plate ... —- 0 18 0 Well. Invest,- T. and A. —— 0 io 6 Christchurch Gas 5 2 6 5 10 0 National Insurance 2 16 6 3 0 0 Now Zealand Insurance 15 0 15 6 S.B. Insurance —— 1 11 3 Standard Insurance 2 3 5 2 4 3 N.Z. Kefrirrcratinff (£1) . —— 17 6 N.Z. RefviEeratinc (10s.) P 15 0 TTuddart-Parker ford ) .. 2 0 0 2 0 9 P. and 0 Def. Stock 30 0 0 — Wnll. Woollen (pref.) — .7 5 0 Westport Coal —- 1 6 0 Timber 17 6 18 0 Howard ftmifh 2 0 0 18 0 Rharland and Co. 12 0 Wnirarapa Farmers