LATE COMMERCIAL

Evening Star, Issue 19919, 16 July 1928, Page 7

LATE COMMERCIAL

GRAIN AND PRODUCE. Messrs Donald Reid and Company, Ltd., report as under;— Oates: The market has an easing tone, but very few. if any, sales arc taking place. There have been no further inquiries irom Home, and with the exception oi one small paicel, no , business lias been done with Australia. No inquiries are coming irom the North Island, so it is impossible lor the market to get any quieter than it is •it the present time. Nominal value of A grade Cartons to farmers is 3s od, I! grade 2s lid, undergrade 2s (3d (sacks extra), on truck, country stations. Wheat; Very little business was transacted in this market during the week. An odd sain pie > still coming to hand, and in the majority of cases is being sold at current rates. Flour lias been reduced 15s per ton. and this will probably have the effect of weakening the market. Tuscan is worth 5s (id tr> os yd; limiters 5o lOd to Os; velvet, Os 4<l (sacks extra), on truck, country stations. Fowl wheat is in j.leiitiiul sumvly, and good, sound lines arc realising to l)d (sacks extra), ex store. Dunedin. Chaii'; There is now more chall arriving than the local market can consume, and a good proportion is being stored in the meantime. I hits will probablv he absorbed when spripg duties keep the fanner otherwise employed, and chaff-cutting Lakes a back seat. Prime chaff never varies much in value. Otago Central and Canterbury is selling lit £5 Ills per ton (sacks extra). ex°tniek, Dunedin; medium, to £4 T>s; and inferior irom £3 Ids (sacks extra), ex store. Potatoes: Northern merchants report an easing in values, but this has not vot been reflected on our markets.

Pigging operations have been completed; and lines nut already marketed are either in the barn or stored in the city. .Host tables aro bringing ",p to £'G ds (sacks in), ex truck, Dunedin. Poorly graded and bligbty arc bard to tl if poos of.

LONDON DRUDGCE MAHKET

The Bank of New Zealand lias received the following advice from its London office as at the close ol business last week “ Butter; Finn, J7Bs to 182 s per cwt. Cheese; Firm. < 110 sto 112 s per cwt. Frozen meat: The market for wethers is firm, and there is a good demand for owes. For lambs the present demand is good, and seems likely to continue. The beef market ban improved, ami also shows a good demand. "Wethers; Light, 7d to 7;]d per lb; heavy, Gd to GJ-d ner lb. Ewes, 5d to .lijd per lb. Lambs: Twos, Gild and lOld per lb; eights. f)Jd to Gild per lb: fours, Gsd to Gld per lb; seconds, GJ-d to Hid per lb. Ox binds, Gd to G,\d per lb; ox - fores, djd to 4d per lb. Cow liinds, oid to 5Jd per lb; fores, 3.\d to 3Jd per lb.”

SALES ON ’CHANGE: THIS DAY

Auckland.—Wailii, 12s Gd. Beportcd Bank of Australasia, £l4 IGs.

Wellington,—Stogies and C'n,, £1 ICs

Christchurch. —Bank ol New South Wales. £SD (two parcels); Tooth's Brewery, 455; Mason, Strntbers (10s paid), Gs od. ’Reported: Christcbuircb (las, 24s Gd.

At a special general meeting of members of the New Zealand Association of British Manufacturers and Agents resolutions were passed altering the name of the association to; — The British (U.K.) Manufacturers’ Association of New Zealand, and delining the qualifications for membership as follows:—(a) Those manufacturers having a factory operating in the United Kingdom, the products of which arc exported to New Zealand under the terms of the British Preference Customs certificate; (b) representatives ami agents of British manufacturers resident in New Zealand whose trade interests are primarily with the United Kingdom; (c) associate members, being persons, firms, or companies, who, though ineligible for ordinary membership, arc in sympathy with the association’s objects.

The reason for these changes is that the association did not, by its name, clearly indicate the objects for which it was formed—and for which it has always worked—namely, promotion of Ibe trade of the United Kingdom with Now Zealand; nor did the old rule limit membership in the association in the way which the general meeting considered desirable, and which limitation the new rule gives effect to.