COMMERCIAL.

Hawera Star, Volume XLVI, 19 January 1927, Page 10

COMMERCIAL.

WOOL MARKET. LONDON SALES OPEN FIRM. gy OABI.E PfcKSft ASSOCIATION OOPYEKS fir Received 11.40 a.m. to-day. LONDON, Jan. 18. Tlio wool sales opened with, prices firm at par to five per cent, advance. HIGH COMMISSIONER’S REPORJC. The Department of Agriculture has received the following cablegram, dated January 15, from the High Commissioner for New Zealand, London: — BUTTER. -Market quiet. Demand principally for under-priced descriptions'. Official, quotations are: — -New Zealand. —Finest salted (mew season’s), 172 s to 174 s per cwt (Is 6Ad per lb; urisalted, 182 sto 184 s per cwt (,1s 7Jd to Is 7;ld per lb; other qualities 150 s to 166 s per cwt (Is 4d to l.s 51d [Kir lb) ; finest salted (stored), 164 s to 166 s per cwt (Is old to Is old per lb). New Zealand Control Board minimum prioeis are : Finest, 174 s per cwt (Is 6J-d per lb); first grade, ,172 s per cwt (Is ti?rd per lb). ..... Australian. —Salted, 166 sto 170 s per cwt (Is s£d to Is 6ld per lb); exceptional, 172 s per cwt (Is GJ-d per lb) ; un.sailed. 170 s to 176 s per cwt (Is 6jd to Is 6’|d ner lb) ; other qualities, 148 s to 166 s Der cwt (Is 3ijd to Is sljd per lb). Argentine.—Unsalted, 158 s to 162 s per cwt (Is 4jld to Is old per lb); other qualities. 144 sto 156 s per cwt (Is 3sd to Is 4icl per lb). Danish.—l76s to 178 s pet- cwt (Is 6-id to Is 7cl per lb). CHEESE. Demand is good for Canadian and Australian. New Zealand steady. Official quotations are: — English. —Finest farmers’ (demand good). 108 s to 112 s per cwt (11 id to Is per HO- , , , Canadian. —Finest coloured and white 96s to 98s per cwt (10$d to IOAd per lb); exceptional, 100 s per cwt (103 d per lb). New Zealand.—White. 96s to 98s per cwt (10$d to 10Ad per lb. New Zealand Control Board minimum prices are: Coloured, finest 95s per cwt (10d per lb) ; first grade 94s per cwt (lOd per ii) ; whit’, finest 94s per cwt (lOd per lb) : first grade 93s per cwt (93d per —Coloured and white, 93s bo 94si per cwt (9-id to lOd per !b). LONDON PRODUCE MARKET. The Bank of New Zealand, Produce Department, has received the following advice from its London office under date of the 14th inst: — Butter.—Slow. Controlled li2s to 174 s per cwt. Stored, 164 sto 166 s per cwt. _ , , Cheese. —Sow for finest. Colouifid. 94s to 95s • white, 93s to 945. Frozen ■Meat. —Tt is thought that prices for iamb will decline in tli ■ near future, and that the market has reached the top for wether mutton. Ewes are ill poor demand. Wethers, light 6Ad to 7d ner lb. h avy 5Ad to 6sd ; ewes. 4d to 41 d : lambs, new season s, 2’s. IOAd to lid. B’s If) Acl to lid; Australian 6A cl to 9d: Argentine. 6d to 7d. WEEKLY PRICES OF FAT STOCK FOR EXPORT.

The New Zealand Meat Producers’ Board advises that the following prices are being offered for fat stock for export on January 15, 1927: —Hawke’s Bay: Prime woolly lambs, 36/under 8 LJ, 37/421hs 71 d, 43/over 7d; second quality lambs 7Ad. Wellington: Prime woolly lambs, 36/under SAd, 37/42 lbs 74d, 43/over 7d; second quality lambs 7 Ad; prime wethers, 56/under s:}d, 57/64 lbs 4Jd, 65/72 lbs 4ld; ewes, 56/under 34 c1, 57/64 lbs 3d. Canterbury: Prime woolly lambs, 36/under Bsd, 37/42 lbs Bd, 45/over 7d; second quality lambs 7iid; prime wethers, 56/under old, 57/64 lbs sd, 65/72 lbs 4sd; ewes, 48/under 3-Ad, 49/64 lbs 3-}d. FLUENZOL PROPRIETARY LTD. At the recent annual meeting of Fluenzol Proprietary Ltd., the directors reported that sales increased from £5731 to £6895. The profit and loss appropriation account, which was in debit £628 last year, is now in credit £513. Out of this it is proposed to pay a dividend at the rate of 6 per cent, for the year, absorbing £330, and apply the balance of £lB3 to further reduce the exploitation account (representing Australian losses) from £1212 to £1029. The profit would have been larger hut for the fact that the manufacturing expenses have increased 23 per cent., as against an increase of 20 per cent, in the sales; but there lias been a decided improvement in the quality of the QTol.