COMMERCIAL.

Hawera Star, Volume XLVIII, 15 October 1924, Page 10

COMMERCIAL.

LONDON WHEAT CARGOES. 3Y CABLE—PItESS ASSOCIATION—COPYBXGIIT LONDON, Oct. 13. 1 Cargoes opened at a decline of one smiling, but steadied on inter Argentine and Winnipeg advices. Phi-cels, .iie quiet at an advance of sixpence. BRADFORD TOPS MARKET QUIET. r i . , LONDON, Oct. 13. ife- Bradford tops market is quiet, Meitner . buyers nor sellers being in- 1 torested. CANTERBURY MARKETS. (nv telegbaph—pbess association. CHRISTCHURCH, Oct. 14. ' The local grain and produce market very dead. • Potatoes even have failed to sustain interest, and the season ynsms to. be, at an end. The Navuii is leaving Lyttelton to-morrow with a small consignment for Auckland. Farmers appear to have very few to offer, and quotations to them are from £5 to £5 os on trucks. It is reported that the last big shipment the Kawatiri brought from Victoria- opened up badly. A considerable proportion was stacked on the wharf and sold at £5 i ton ex wharf, whilst Canterbury's were £‘2 a ton more. This apparently indicates the end of Australian im~ lortations. Al! masses of seeds are firm, but there is little movement.. AUCKLAND SHAR EMARKET. SOUTH BRITISH DIVIDEND. AUCKLAND, Oct. 14. The directors of the South British Insurance Company, in their annual ~ -4, recommend a dividend of Is ■?r share, making the total for this year Is lid. LONDON PRODUCE MARKETS. The Bank of New Zealand | reduce department has received fin* following advice from its London office under date of 10th inst: — Butter.—Firm ; 220 s to 222 s per cwt, exceptionally 2245. Cheese.—Quiet. White 94s to 95s per cwt, coloured 93s to 945. Frozen meat. —The market for wethers is dull. Ewes are inclined to he firmer. The market for lamb is in short supply. Trade in beef is slow. \\ ethers, light 8d to 9d per lh, heavy 7/d to Sd; N ewes, 5/d to Old; lambs, under 42’s 11/d to 12/d, over 42’s lid to 11/d,. seconds llsd to 12/d, new season’s 12d to 12/d, Australian, nominal; ox hinds, 4/d to 5d per lb; ox fores, 3d to 3/d. LONDON WOOL SALES. Dnlgety and Co., Ltd., report having received the following cablegram from their London house under date of the An inst: — :I Wool sales closed fairly miniated; prices are firm for good qualities _ and weak for inferior. Continental buyers are the principal operators for merino. Good demand for crossbred wool from Home trade. As compared, with last sales’ closing rates, go-od merino combing greasy is 2/d to 3d higher, greasy merino wools of other •descriptions lid to, 2d higher, greasy ha fibred wools 3d to od higher, greasy crossbred wools fine quality 2/d to 4d j higher, greasy crossbred wools medium j • -acity 2<l to Si d higher, coarse cross- ! bred wools ltd to 2d higher, scoured me-’.inO' wools 3d to od higher, scoured naif bred wools 3d to Id higher, scoured crossbred wools 2d to 3/d higher, shpe wools 2d to 31-d higher, greasy lambs’ wool 2d to. 3d iiigher. The advance in prices is less nronounced for shabby and faulty wools. 193,900 bales were •flerecl. including 22,974 hales South American. Rf>SH) bales Cape. 73,016 haier. New Zealand. Home trade bought. hales.. Continental 71,000 'bales. Amer'ca RKJO bales, carried for wan! oi ,<KX) hales. The following is the range r f prices:—Merino, good to .•oner 34/d, low to medium 27d to 322-d; •uilrbicd 56/58. good to super 34d to y9d. low to medium 27 id to 32d; halfbred. 50/56. good to super 30/d to 32d, ovv to medium 25/d to 28/d; fine ./vossbred, 4-8/50, good to super 26d to 28d. tow to medium 22d to' 25d; finerosshrod, 46/48. good to super 24d to "old, lev to medium 2Jd to 23d ; crossbred 44/46, good to super 22d to 24d, low to medium 19/d to 21/d; crossbred, 40/44, good to super 20/d to 22d,

low to medium 18kl to 19/d; coarse o.ossbrecl, 36/40, good to super 19d to 20cg low to' medium 17/u to 18/d.” Ins Bank of New Zealand produce department has received the following advice from its London office under date 9th October : The sales have closed firm for all kinds of wool. Current quotations: Crossbreds: Fine, 24d to 26d per lh; medium, 20/d to 22d per lh; coarse, 18/d to 19/cl per lh. Halfbreds, 30d to 34tl per lb. Merinos: Super, 34d to 38d per fb; ordinary, 3ld to 33d per lb. The N.Z. Loan and Mercantile Agency Co., Ltd., have received the following cablegram from their London house under date 9th inst. : Wool Sales.—Ais compared with last sales closing rates piices are higher about 7-/- to- 10 per cent, crossbred shpe, inferior greasy merino ,a.nd merino lambs; higher about 5 per cent, for inferior scoured merino; higher about 10 per cent, for scoured crossbred; higher about- 15 to 20 per cent, lor crossbred lambs and medium greasy crossbred; higher about 10 to 15 per cent, for superior and medium greasy merino; higher about 7/ per cent, for superior and medium scoured merino, and higher about 15 per cent, for fine and coarse /greasy crossbred. The sales closed firmly to-day. LONDON MARKETS. HIGH: COMMISSIONER'S CABLED REPORT. . The Department of Aorieidiure lias received the following cablegram, dated October 11, from the High Commissioner for Ne\w Zealand, London : —■ - Butter. Demand has fallen off considerably on account of high prices, but market remains firm on .short supplies, i Official quotations are : New Zealand. —Salted, finest: October 11, 220 s to 222 s per cwt up to 224 s (Is I i/d to 2s per lb); October 4,222 s to 224 s per cwt (Is 11/d to 2s per lb) ; September 27, 218 s to 220 s per cwt (Is 11/d to Is Fl/d per !b). Unsalted: October 11. 234 s per cwt (3s Id per lb). Other qualities: October 11, 208 s to 210 s per cwt .(Is 10/cl to Is 10/d per lb). Australian. —Salted, finest: Oetobei 11. 206 s to 210 s per cwt (Is lOd to Is 10/d per lb) ; October 4,206 s to 212 s per cwt ds lOd to Is 10|d per ib); September 27, 206 sto 208 s per cwt (Is lOd to Is 10/-d per lb). Unsalted: October 11, 216 s to 220 s per c-wt; (Is lid to Is 1.1-id per lb); October 4,220 s per cwt (Is 11A cl per lh) ; September 27, 208 s to 212 s per cwt (Is 10/d jjo Is 10$d per lh). Other qualities: October 11, 194 s to 200 s per cwt (Is Bsd to Is 9/d per lb). Canadian.—Creamery: October Jl. 204 s to 208 s per cwt (is 9sd to Is 10U' per lip; October 4. 204 s to 208 s pe cu t (Is 9sd to I s 10’,d per ib) : Scp tern lier 27, 198. sto 204 s per -wt (1 Rd to Is 9/d per lb). Unsalted; 0 her 11. 210 s to 212 s per cwt (Is 109 to Is 10$d per lb); October 4,214 s t,i 21.8 s per cwt (Is lid to Is 11/d pe '• : September 7. 208 s to 210 s pm cwt (Is 10/d to Is lid per lh;. Argentine.—Finest, unsalted : Ocio her 1.1. 210 s to 214 s per cwt (Is 10/d to Is lid per lb); October 4,212 s to 216 s per cwt (Is 10/d to Is lid pei • September 7. 204 s to 210 s per c,v: (to 9;|d to- Is 10/cl per lh).. Otho-. j qualities: Octohci' 11. 200 s to 208 s pet ! cwt (Is 9/d to Is 10/d per lb). ‘ ; Danish.—October 11. 235 s to 2405! •er cwt (2s Id to 2s 1/d per lh' : ' October 4,240 s to 242 s per cwt (2s! 4d per !b) ; September 27. 234 s to ; 238 s per cwt (2s Id to 2s 1/d per lb). | Siberian.—Octoh.;’.- 11. 154 s to 174 s ■ •cr cwt (Is 4/d to Is. 6/d per lb): Oc-j .c-ber 11. exceptional, no to 180 s per wt (Is 7/d per Hr): October 4,156 s'"o 176 s per cwt G-s 4l’d to Is 6/d per i b:- .September 27. 154 s to 174 s per j •wt (Is 4id to Is 6/cl per lh). ; Cheese. . Ararxet quiet. Official quotations | n re: !

English.—Finest farmers’ : October 11, 114 s to l’Bs per ewt. (Is to Is 03d per II)); October 4. 112 s to HGs per ewt. (Is .to Is Old per lb); September 27. 112 s to 116 s per cwi. (Is to Is Old per lb). Canadian.—October 11, coloured, 94s to 96s per ewt. (10d to 10jd per lb); October 11. white. 96s to 96s per ewt. (10d to per lb); Optohev 4. coloured, 94s to 96s per ewt. (lOd to 10jd per lb); October 4. white, 95s

to 96s per cwt. (IGd to IOZd per lb); September 27, coloured, 94s to 96s per cwt. (lOd to 10/cl per ib); September 27, white, 94s to 96s per curt. (lOd to -10/cl per lb). New Zealand. —October 11, coloured,. 93s to 95,s per cwt. (LOd per lb) ; October 11, white, 94s to 96s per cwt. (lCcl to 10/d pei- lb); October 4, coloured, ■94 sto 98s per cwt. (lOd to 10/cl per 1b); October 4, white, 9os to 96s per cwt. (lOd to 10/cl. per lb): 'September 27, coloured, 94s to 96s per cwt. GOd to 10/d per lb); September 27. white, 94s to 96s per cwt. (10c! to 10/d per iu. Shipments of New Zealand produce arrived this week per s.s. Corinth to and Wnimana. Tallow. Market very firm and strong demand at auction. Present quotations are: Mutton, fine 49s to 49s 6cl per cwt., fair to good 46s to 48s 6tl, dark to dull, 44s to 465; beef, sweet and (or) mixed 49s to 49s 9d, fair to good-48s to 48s 6d, dark to dull 43s to 455; mixed, fair to good 46s to 48s, dark to drill 42s 6d to 44s 6d, gut 40s to 44s Od. Wool. Wool. —Wool sales closed October 9. Demand fell off during last week, and value of most descriptions declined, but opening prices for New Zealand crossbred greasy were generally maintained. Slipe and scoured easier. From total offerings of 197,000 bales 160,000 were sold. Average closing rates: Sixties to sixty-fours (merino), 2s 6rl to 3p 2d; fifty-sixes (super half bred), 2s 7d to 2s lid; forty-eights (fine crossbred). 2s 10d to 2s lid; forty-fours to forty-sixes (medium crossbred). Is 8d to Is lOd ; thirtv-sixes to forties feoayse crossbred). Is 6d to Is Bcl. Next series commence November 25.