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COMMERCIAL., Issue 15646, 10 November 1914
(For continuation see Late Shipping.)
“There is little alteration to mold in the condition of the local money market since our last report (says the ‘ trade Review’). The usual call tor funds for gathering and moving the season's produce are now steadily being made on the banks, but there- are sntlicient funds to meet these and all other legitimate demands for capital. Our reports for the year closing on September 30 maintain an excellent, level, and the new season has made a satisfactory start. A considerable amount depends on weather miiditions tor the- next two or three months, but providing these do not prove adverse there seems every prospect of an eminently satisfactory season, bringing with it a good flow of money. "Recent figures for <iiir imports are not available at present, but we think they will probable be slightly less than hist year, and this would leave a fair credit balance on our trading. So far as can he seen at present.- the prospects for general finance are for a moderate supply of funds, snfli,dent to meet legitimate needs." N.S. WALES WOOL SALES. SYDNI •IV. November 0. At the wool sales to-day prices were weaker. Eanity merinos were mostly unsaleable. There was fair competition tor cross-brcds and merinos. TINNED MEAT TRADE. MELBOURNE. November 9. Vi- torian meat exporters intend to tender for the 5,000.000 tins of preserved meat required tor the Imperial Government. thus removing the blockage in the cold storage trade. s< i rn 11 ;itx sta ru- i :ow k ktt SOCTETY.
We have received a. copy of the n-pm-t and statement of accounts for the year ended 14fh September of th-* S..utliein Stan-Bowkett Society. In No. 1 gtoun tbe nuiuJxw of appropriations disputed of during the year were the same as for the previous year —viz.. 12. 'llmre weie no pitrchasets for three out of the six apptopiiatinns ottered for sale, and those. were theieforo disposed of by ballet, tbe result being nine by ballot and throe by sale. There aie still 35 clusters (175 shams) yet, to he drawn in this group, the shares lining held by 71 members, nearly ail of whom have paid --II each -lime rim. ml! amount •>f In yesrs’ subscriptions. t he
bai l, suL-etipi ions l.—in-g row ie- ■ lined '.o Hu* sip;il! sum of £25 6s. The slia.ro regie-let- now shows 757 shati-s. and the- credit, to profit arid less account stands at the sati-i'actory emit of £9.537 I4s 6.1. equal to £l2 12s per share, an increase of slightly over £1 per -hatv for tin-, 12 months.
In No. 2 group the withdrawals- (J f tul,. xcriplicrts during the past year have bc-e.it very heavy, the sum of £2.756 14r haring been paid rut. which, with additional grants of temporary loans
--II members’ shares, Ims accounted for over £3.000. Notwithstanding these m.’aw dcntandrt, tho number of appropriations disposed -of were the same as for (ne previous vear —viz., seven, four by ballot and three by .-ale. ilm latter lealhing ; reniiiim.i totalling £5 rt 6 17s 3d, an av *ge pt ;re of £35 15s ICd per bundled. ilm ciedit balance at ptolit. and less acenui.t. amout,CM to £5.151 4s 10d. equal to £6 10s 9d pet -hare ; tin inc-reas* of £1 9s 5,1 ))er -hate fur the 12 montbis.
THE HUME MARKETS
HIGH CO.MMISSfONER'S REPORT
Tim High Commissioner cables as fol low-, under date London. November 7:
Mutton,—Tho market is quirt ; moderate business doing'. Prices are firm, owing to the short supply. Canterbury. 6<! : Ninth Island, s£d. Lamb.—The market is weaker, though not actually lower. T'iiete is little demand on account of Urn high prices. Canto--bury 2's. 6.'d ; other than ('antci but v. 6 9-16(1 fo>- light-weight. lb el.—There is very little, doing in the beef trade, with the exception of Government contracts. New Zealand hinds. 6RI : lores, 6Jd. There is a moderate supply of chilled hr-iT. Hinds. 6d; fores. s|jd.
Butter, —The market is firm. Danish -readier at lo2s to loßs. Siberian is slow at 122s to 1265. Argentina steadv at 120•t..
Ciiee-e.—The market is -teadv. (‘au.i(linn is quiet. White-colonxl, 75- In 76-: English, stcadv tit 82- to 84s; exn-piional 86?.
The stocks of Canadian i imesc at Eondon, J.iverpool, and Bristol on November 1 were 265.C00 1 mxes. as against. 306.000 for the sarno time last year. The stocks of New Zealand cheese on November 1 were nil, as against 200 crates at the same time last vear.
Hemp.—The market. is very <(o|rrr--ssf*il. aml is. likely to remain so. Some holders a forcing sales. I nit pour business lias been done. Xw Zealand. good to fair. £'42: fair. £2O 15s; fair current Manila. £22. The output, from Manila for thr* week was 12.0C0 bales. Wheat. —The market is linm-r on m--fount of the declaration of war with Turkey hindering Bitssi.ui shipment-. Australian. ‘lßs (o.i.fA. Oat.s,—T’he market. Is strong, and all storks are advancin','. New Zealand Gartons. 51s (ex store) Deans and I’eas.—The market is linn, with ;i hardening tendency.
Wool. —The wool sales have i In.-i-d. The market is firm, owing to reduc'd supplies. and Jn Jtnlicipation oi irregularity in shipments for some time iramifactmors fear that supplies will be short for future reiniirerncnts. The prospcv.Ls are favorable for a continuance of high prices. It is estimated that the values for fine crossbreds for all grades are from Is 2d to Is 4Jd : i oarsc crossbreds. all grades, Is to Is 3d ; medium cross-breds, all grades, Is Id to Is >ld; snjvoi iru* merinos. Is Id In Is 4d ; medium, lid to Is Id ; inferior, 7d lo 9d. Wool often d at the present sales did not give a. good guide to the values of tho New Zealand new clip. The above ((nutations, unless otherwise Mas hied, are the average market prices on spot.
COMMERCIAL., Issue 15646, 10 November 1914
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