COMMERCIAL NEWS

Dominion, Volume 29, Issue 196, 16 May 1936, Page 6

COMMERCIAL NEWS

EXPORTS OF WOOL Large Increase This Season Shipment 3 nf wool from New Zealand during the 10 months of the season, ended April 30, totalled 8-I,obu bales, which is probably a record tor the Dominion. This represents an increase on the exports fur the corresponding period of last season of 303,377 bales, or oS-ol per cent. Of the 10 months’ exports, Wellington alone accounted for 108,328 hales. Returns compiled by Dalgety and Co., Ltd., give the following comparison of wool exports for the 10 months periods of this

Shipments of wool during April totalled 175,020 bales, of which 140,047 bales were of greasy wool, and 34,082 bales shpe and scoured. FROZEN MEAT TRADE London Markets Quiet Lambs: Market quiet, expect improved demand next month. Wethers: Owing to poor demand prices easier. Lwes: Market steady. Beef: Market quiet. Porkers: Demand slow, prices easier. Baconers: Market steady. Tallow: Market unchanged. . , The above report was received yesterday by Cathie, Dempster and Co., Ltd., from Steed, Thompson and Co., Ltd., London, who quote current ptices as follow:—Lambs: 2’s, 7d. to 73d.; 8 s,6sd. to 6|d.; 4’s. fid. to Old.: 2nds 6Jd. to 7 3-Bd.. Wethers, I’s, 7’s, 4Jd. to 5d,; 3’s, 9's, s’b, 3 5-Bd. to 4Jd. Ewes: Is, 7’s, 4d. to 4 3-Bd.; 3’s 9’s, s’s, 3]d. to 3M. Ox beef: hinds, 3jd. to 4jd.; tores, 2id. to 2 5-Bd. Cow beef: Hinds, 3 l-Bd. to 3id.; fores, 2 l-Bd. to 2Jd.. Porkers, 54d. to 5 5-Bd.. Baconers, 5Jd. to o <-Bd. Tallow: Fine mutton, 32/0; sweet beef, 28/6; good mixed, 2f>/-. T ,, u „ Henry S. Fitter and Sons, Ltd., have received the following report from their London office: —Lambs: Trade is rather irreguliir; moderate business is being done at slightly easier values. Wethers: The demand has improved, owing to the reduction in prices. Ewes: Larger supplies have caused prices to weaken. Beef: The market for chilled beef is rather easier. Pork: The market is quie w and unchanged. 'Trade generally Js fair. New Zealand lambs, downs, 2s, 7 3-8(1. to 7 5-Bd.; secondary lambs, down, 7 l-Bd. to 7 3-Bd.; New Zealand lambs, 2’s, 7 l-Bd. to 7 3-Bd.; B’s, 0 5-Bd. to GJd.; 4’s, 6-]d. to 6 3-Bd.; secondary lambs, 6i[d. ,to 7 l-Bd.; New Zealand mutton, small, 4}d. to 5d.; large, 3 5-Bd. to 4d.; New Zealand ewes, small, 4d. to 4J(1.; large, 3d. to 32(1,; New Zealand beef, ox hinds (frozen), 32d. to 4 1-8(1.: fores, 2 3-8(1. to 2 5-Bd.; Dominion chilled hinds, 4Jd. to 4Jd.; fores, 2Jd. to 3(1. South American chilled hinds, 4-Rl. to s}d.; fores, 25(1. to 3|d. New Zealand pork, sd. to 5Jd. Australian lambs, 51d. to 7d. Argentine lambs, ssd. to 7d. PRODUCE MARKETS Potatoes Firm, With Brisk Inquiries By' Telegraph. —Press Association. Christchurch, May 15. Potatoes are very firm with plenty of inquiries from all northern ports; f.o.b ; sales are being made from £6/5/- to £G 10/-, with Sutton’s Supreme at £6/7/6. Supplies are not coming to hand very quickly, but a continuation of fine weather should see increased deliveries. Farmers are apparently not really sellers of large quqantities at the moment. The Karetu loaded 2300 sacks from Timaru this week and 5400 from Lyttelton. Inquiries are still being received from Auckland for shipments ahead. June futures are quoted at £6/10/- a ton f.0.b., with practically no business being done. There is not much moving in the onion market, and as far as one can gather quotations remain the same as last week, at £5/10/- to £6, f.o.b. North Island markets appear to be better supplied than was anticipated, and at the moment are not looking to the .South for their requirements. Growers would be wise not to build too heavily on any immediate prospects of Sydney markets according to advices received locally. The present has been a very poor season for Canterbury onions for quality, and it is problematical whether growers could take advantage of the Australian market in the even of Commonwealth prices materially improving. A better inquiry for chaff is reported, up to £2/15/- a ton being paid for lots on trucks at near stations. Good inquiry obtains for feed barley, up to 2/6 being paid for best lines. The markets for oats and fowl wheat are quiet, with prices unchanged, and the same can be said of small see ds. SOUTHERN WHEAT HARVEST Dominion Special Service. Dunedin, May 15. The latest information regarding the season’s return of milling wheat is extremely satisfactory, and it is now stated there is little likelihood of any wheat being required from ovrseas to make up a deficency. So far as Canterbury mills are concerned it is stated that they have secured their full requirements for the season and more has been offering to Otago mills from the Methven and Ashburton districts than has been the case for some considerable time. This wheat, which is of fair average milling quality, is from stacked wheat which is now being threshed. Otago mills, generally speaking, have almost secured their full complement of wheat for the season. Butter Market Very Firm By Telegraph—Press Assn.—Copyright. London, May 14. The butter market is improving. Danish is 100/- to 101/-, per cwt.; choicest salted Australian and New Zealand, 92/-; and unsaltcd, 92/- to 93/-. The cheese market is stronger. New Zealand, white 57/6 and coloured 55/6. No Australian cheese is offcriug. Joseph Nathan and Co., Ltd., have received from tbeir principals, Trengrouse and Nathan Ltd., London, the following cabled advice, dated May 14: —New Zealand butter, 94/-. Market very firm. A. S. Paterson and Co., Ltd., received cabled advice from J. and J. Lonsdale and Co. (London). Ltd., as followsßutter market firm. New Zealand, 94/-. Australian, 93/-. Danish. 81/- f.0.b., 102/landed. Cheese market steady. New-Zea-land, white, 57/6; coloured, 55/- to 55/6. Cabled advice received by Mr. G. A. Mills from A. J. Mills and Co., Ltd., London, gives the following market prices as ruling at the close of business on Thursday: Butter, market firm. New Zealand, finest, 93/- to 94/-; firsts, 92/- to 93/-.

Australian, choicest, 92/- to 93/-: first grade, 91/- to 92/-. Danish, epot, 100/-; f.0.b., 82/-. Cheese maiket firm. New Zealand, white, 57/- to 57/6; coloured, 55/- to 55/6. Wellington Poultry Market / Prices of live poultry in (be Welliugton market (his week are quoted by Townsend ami Paul Ltd. as follow: — Fowls. —White Leghorns: Hens, 1/9 (o 2/-.each; cockerels, 2/6 to 3/6; pullets, 3/6 to 4/-. Black Orpingtons: Hens, heavy 3/6 (o 4/6 each, medium 2/6 (o 3/-; cockerels, heavy 4/- to 4/6, medium 2/6 to 3/-. Duck®.—lndian Runner: Young. 3/- to 3/6 each; old, 2/- to 2/6. White: Heavy. 3/6 to 4/6. Geese: 4/- to 4/6 each. Turkeys: 9d. to 10d. per lb. London Wool Sales Firm By Telegraph—Press Assn.—Copyright. London, May 14. At the wool sales to-day 9957 bales were offered, including 4796 New Zealand, and 7717 were sold. fi’liere was a good selection, which met with keen competition, New Zealand crossbreds selling well at full current rates. Australian merinos were frequently withdrawn owing to high limits placed on them. New Zealand greasy halfbred, “Boscobel.” made 14 3-Sd. highest and 14d. average. A.M.P. Society Directors Advice has been received by the New Zealand brunch of the A.M.P. Society that the ballot for the election of two director* at the society’s head office in Sydney resulted as follows: —John H. F. Fairfax, 76.943 votes; John O. Meeks, 74,891 votes : John E. Garvan, 8300 votes. Messrs. John IT. F. Fairfax and John O. Meeks are duly elected. Mount Morgan Production Mount. Morgan, Limited, yesterday cabled the Stock Exchange Association the following production report for the four weeks ended May 13: —Ore mined. 22,786 tons; concentrator treated, 22.260 tons, assaying 4.26dwts. of gold and .47 per cent, of copper. Concentrates produced G 93 tons, containing 3150 ounces of gold and 93 tons of copper. New Hosiery Company Tudor Hosiery, Ltd., Christchurch, has been registered. Capital is £50,000 into shares of £1 each. Subscribers: Christchurch—W. C. Fairbrother, 1250 ord.. .F. G. Joyce, 1250 ord., H. C. C. Govan 100 ord., H. G. Helmore 100 ord., H. F. Herbert 100 ord., J. O. Bell 400 pref., 100 ord., F. G. Benson 500 pref., W. Fraer 100 pref., E. B. Kaye 50 pref., A. Parr 1000 pref. Wellington—T. J. D. Kaye 50 pref. Objects: To a< ;uire and take over business assets and liabilities of “Selwyn Hosiery Manfr. Co., Ltd.,” manufacturers of clothing, etc., iu all its branches.

and last season: — 1935-30. Bales. 1934-35. Bales. Invercargill 64,005 30,240 Dunedin 97,287 56,582 Timaru 2,047 46,627 30,505 Christchurch .. • • 96,718 75,882 Blenheim • • 4,776 1,971 Nelson 1,118 864 Wellington 168,328 100,981 Wanganui 76,940 44,654 New Plymouth .... 2,271 1, (42 Napier-Waikokopu . 131,614 81,054 Gisborne33,814 26,495 Tokomaru Bay Auckland-Opua .... 95,978 51,411 Total 821,583 518,206