COMMERCIAL.

New Zealand Herald, Volume LIX, Issue 18090, 15 May 1922, Page 5

COMMERCIAL.

LONDON MARKETS.

Australian and N-Z. Cable Association. (Reed. 5.5 n.m.) LONDON. May 13.

FROZEN MEAT. Sheep.—Canterbury, 8d to BJd, medium 7Jd; North Island, 7}d to 7id; Now ewes, 6id; Australian, firsts (ijd. ewes 6Jd; South American, light 7Jd, heavy 6 id. ewes 5Jd. Lambs.—Canterbury, light, and medium llkl; Southland. Hid: Australian, fair 9{d. Frozen Beef.—New Zealand, fores 2}d. Chilled Beef.—Argentine, fores 4d, hinds 7d; Uruguay, fores 3Jd. hinds GJd. COPRA, HEMP, RUBBER, ETC. (Last week's prices in parentheses.) Cotton.—Juno delivery, 11.30 d (10.75 d). Rubber.—Para, 10} d (lOSd); plantation and smoked. 8d (BJd). Copra. — .May-July shipments, £23 10s (£23 15s). Jute.—May-June shipments, £30 (£3O ss). Hemp.—May.July shipmerts, £30 (£29). Linsood Oil.—XtG 5s (£44 10s). Turpentine.—£4 Is (£4 8s 9d).

THE WHEAT MARKET. Australian and N.Z. Cable Association. (Reed. G. 5 p.m.) LONDON, May 13. Wheat cargoes arc firm and sellers are occasionally requiring (id advance. Australian cargoes afloat are quoted at 583 6d and May cargoes at 5Ss 9d. Parcels afloat are quoted at 6Ss.

WRIGHT, STEPHENSON AND CO. The balance-eheet of Wright, Stephenson and Co.. Limited, for the year ended March 31, ehowe a net profit of £25,391, and there wss brought forward from the previous year £25,705, making a total of £51,090. Out of this an interim dividend of 3{ per cent, was paid on October S; and it is now proposed to pay a further dividend of 3) per cent., making 7 per cent, for the year, and after making tho fixed payment on tho preference shares, there remains a balance of £17,293 to be carried forward. The paid-up capital is £536,410; perpetual debenture fitock, £360,559; cecond lien debenture stock, £40.270: reeerve, £69,108; sundry creditors, £749.848; owing to bankers, £28,702; bills pavable, £40.730; profit and loss, £34,198. Total, £1,693.827. Tho iwwets are:—PYeehold and leasehold properties, £224,899; mnch ; nery, £32,517; motor-cars, horses, etc.. £13,936: stocks of merchandise, etc., £160.145; sundry debtors, £1,107,978; billo receivable, £96,8C>1: fihareo in other compin : «. £78.147: N.Z. War Lonn Stock. £100,830; cwh in band. £15,824; ca«h on deposit, £21,200; net advances against produce, £7487. Total, £1,859,827.

MANAWATU STOCK SALES. Abraham and Williams, Ltd., roport.— At our Feilding sale on Friday a fair yarding: of sheep met with a kern demand. Good lambs or wether* were eacerly sought after. Fat sheep came forward in limited numbers and sold freely. *\ large yirding of stock sold well, there being a good demand right through for weaner heifers. Store cattle sold at late rates. We quote: Fat sheep., best wethers, 21s lOd to 255: fat owes, 178 (id to 18s: lambs, 19s; light lambs. 16s Qd. Store sheep: Best lambs, 13s lOd, 15s 5d to 15s Bd: medium. 10s 9d, lis 4d to 325: ?rmll, 7s 2cl to 9s sd; 4 and 5-year-old ewes in lamb to Romnev, 15a 3d: empty ewes. 15s 8d to 15s; cull ewes in lamb, 9s 5d to 12s Id; springing heifers, £11, £11 13s 6d to £12 10s; heifers, r.w.b., best. £9 7s 6d: others, £4 15s to £6; dairy cows, £G 10s. £7 15s to £8: store cows, . T ios, 31s to 395: Jersey weaner heifers, £3 12s to £5 4s; small. 37s Gd; 3-year-old steers. £5 7s M; 35-yoar-old Hereford steers, £4 ss,