COMMERCIAL

Evening Star, Issue 18281, 22 May 1923, Page 1

COMMERCIAL

DAIRY PRODUCE.—SLOW MARKET,

The National Dairy Association of New Zealand has received the following cable from its London office,, dated May 18 The butter market is slow. New Zealand salted 140 s to 1425, unsalted 146 s to 150 s: Australian salted, 134 s to 1365; Argentine salted, 120 sto 1325; Danish salted, 154 sto 1565. • ' > Cheese.—The market is slow. ■ New Zealand white and colored, 88s to 90s; Canadian white and colored, 86s to 925. Messrs Dalgety .and • Co._, Ltd,, report having received the -following cable item their head office, dated London, May . “Since our last wire Now; Zealand butter is lower by .25.” SALE OF RABBITSKINS. - The Dunedin AVoolbrokors’ Association reports as follows Moderate catalogues were submitted to a full attendance of buyers. Bidding throughout was keen. The poorer grades were slightly easier, but the better grades showed an advance of Id on the average, as -compared with last sales prices. Quotations ; Prime does, to 753 d; ‘ prime bucks, to 73|d; first bucks, to 68|d; first does, to 73d; winter bucks, to 64),-d; winter docs, to 68Jd; early . winter, to 61£d; incomings, 503 dto 57Jrd; late autumns, 45-W to So4d ; autumn, 45s to 48-td; prime racks, 32d to 34|d- light racks, 27£d to 29d; runners and suckers, 18’d to 24d; summers, _ 27d to 29i-d; milky, 22£d to 24id; winter black, to 68-id; autumn black, to 40;) d ; winter fawn, to autumn fawn, to Haroskins, to 29|dj horsehair, to 25j-d. _____ ' GRAIN AND PRODUCE. Messrs Donald Reid and Co., Ltd,, report as underloads.—The market is practically the same as last week, AYe quotei A G-avtons, 2s lid; B Cartons, 2s 9d; under-grade from 2s; sacks extra. _ Potatoes,—There is a good inquiry for potatoes, but few lines arc available. Wo quote: Good tables up to £9 10s. Chaff.—There is a fair amount of activity in the chaff market at present. AVo quote : Prime chaff, £5; good to best feed, £4 5s to £4 15s. MEAT COMPANY RECAPITALISATION. At a. special mooting of shareholders in the Taranaki Farmers’ Meat Company, Ltd., held at Now Plymouth yesterday afternoon, the chairman of directors (.Air Newton King) submitted a report on the works by .Mr L. N. M’Both, of Christchurch, who advised -that they should bo recapitalised. The proposed capital is £BO,OOO in £5 preference shares. The mooting adjourn cd) for six weeks after carrying the following resolution unanimously:—"That this meeting is of the opinion that irameditae steps should bo taken to obtain applications for preference shares up to a sufficient amount to enable the company to restart the works, and that a committee of twelve persons bo sot up to work with the directors for the purpose of carrying out the above proposal’’

An Auckland wire says: The Kauri Timber Company will pay an interim dividend of 8 per cent, for the lialf-year ended February 23.