COMMERCIAL

Evening Post, Volume CIX, Issue 116, 19 May 1930, Page 13

COMMERCIAL

NORTHERN STEAM PROFIT:

(By Telegraph.—Press Association.)

AUCKLAND, .This Day. The Northern Steamship Company's 49th annual report shows a, profit of £13,181. A final dividend,,making S per cent, for the year, is recommended. :..• .-■■- '..,. •

RAW MATERIAL PRICES

"-.;•/■ ;r V-' '; XONDON,. 17th May. inday s closing prices for■ following ravr materials were om follow, those for 10th May, in pareiitlicfH:— " " . ■/ Cotton.—Liverpool quotation, American middling upland, June delivery, S.OOd pei* lb (StOld). , '..' Rubber.—Para. Sd per Ib (same); plan-, tation smoked, o" 15-16 d' per ib (7 l-8d). Jute.—Miiy-June shipment, £24 los per ton (£24 12s 6d). Hemp.—None offering. ■'.'.. Copra.—May-June shipment, South Sea, £20 15s'per- ton (£2O 7s 6d); plantation, Rabaul, £21 per. ton (£2O 17s Gd). ■■-'Linseed. Oil.—£4l ' 10s ■ per /ton (£4O 10s). . '•■ . ,Turpen tine.—39s Od per"c\vt (3Qs 6d). Osmiridium.—Prices unchanged.

NEW GRAMOPHONE RECORD COMPANY.

Australian and New ' Zealand interests have_ purchased, .the assets in. Australasia of Vocal ion (Foreign), Ltd, "A new, company will be formed to sell phonograph records on the Australian and. New Zealand markets. This announcement was made by Mr. M. Kosentha!, of Sydney. The purchase price is £125,000. Mr. Eosenth'al.said that in future no royalty would have to be paid to. the. parent company, in England. The factory at Richmond (Melbourne), 'owned:by .the,'Voealipu Company, is included in the purchase. It is capable of producing four raillipn records a 'year. '■ :, ■ ■■[-.':■'.\\": ■„■. \, ■;'.■■..'

LONDON PRODUCE PRICES

1 The Department of Agriculture has received the following cablegram, dated 17th May, frony the High; Commissioner for New Zealand, London: — r ; ' , Tallow.—No ■ auction this " week. Business is quiet, and no change in prices.

Hemp.—Manila market, afttjr tendency upward, again declined, arid 'continues dull with slow demand. "J" grade -MayJuly shipment sold ■- £20. \ Output from Ist January, to 10th,^May; 569,000, bales, against 600^000 for same period last year. S';ocks in England ,on-. 30th April 10,762 bales, against 8535 same time last year. Sisal:. Market easier and tendency to decline. May-July shipment .■fair- average quality; No. 1 sold at £29,55, No. 2 £2S, with good 'marks- nominally* 10s more. New Zealand: Market dull without interest to buyers.. '. Business has been done on spot Antwerp at high fair £29and fair £2C 10s, .'purchase being-against old, contract. ■'^•:i , ■■• '•■■■ ■'" _ . Fruit.—Matakana . : npw clear;. Cox s Orange 169 to 225. Delicious and Jonathan 13s to 15s, Dunn's Favourite, Lord; Wolsele'y, 10s to 11s'. Port Caroline ■ discharging. Fruit in good condition,except some immature Sturiners. ■> Northumberland. lias 'arrived! ' .'1 .'.-■;' ■ , '■-" ' ' : : Linseed.—Market firm and advanemg. 'Sellers now quote shipment, Calcutta £19, Bombay^ £19 15s, Plate £17 16s 3d. . ;.. ■■ •■"■■•'.-■ ' ' ■-, 7 .