COMMERCIAL.

New Zealand Herald, Volume LIX, Issue 18235, 31 October 1922, Page 5

COMMERCIAL.

THE LONDON MARKETS. BUTTER CONTINUES QUTET. ; ] Ist TELZ&RAPH.—-OWS COaaEggOyBEKT.] HAMILTON, Monday. ■ j The fcilowiag cablegram ha.s been received • by the New Zealand Co-operativ« Dairy Com- . pany, Ltd.: — I Butter.—Anchor, 208s; Srita, 2065; na- ; salted. 21Ss; Danish. 2075, f.o.b. Market ia j quiet and may appreciate slightly in Ncj vember, hut thereafter a falling market. Cbte-se.—White and coloured, 108s. Expect ! a rise to 112s. I ———— 1 ; IJAKAPUNA TP.A3I AND PTIBRY CO. ! i ,- 1 j ______ ' j HALF-YEARLY DIVIDEND PAYABLE , I A motion authorising, _th» directors of th« ' 1 Takapaaa Tramways aad Ferry Company to : pay a dividend for The half-year ended on \ Sept-ember 30, at tho rate of 7* per cent, per j annum, was carried at a _ general meeting of I snarehwders held yesterday. The chairman lof directors, the Hon. Sir ndwin Mitcheisoa. i who presided, stated that the dividend was I justified fay, the good results ci the past haif--1 year's working and, as shareholders knew, I the second part of the year was always nore j jiirofitable. There we-r© bright prcEpects ahead loi the company. ' Two amendment* in the articles of assoj elation were sanctioned, the Sr?t giving the j directors power to pay interim dividends ! without callxag the ehareaoiders together, as 1 repaired at present. The second amendment I'aised the ma/rimum annual fees payable to dfich of the six from £50 to iloo. A shaiebolder suggested that the total sum of -"GDO should he allocated amoag the directors as they* themselves, might determine, Having regard to their individual services to the company. The chairman's suggestion j that ih_s proposs.l be left in abeyance -was j <itgr»ed to. The ha-lf-yearly dividend as authorised is | i;»yable to-day. LONDON WOOL SALES. I _lDalg»ty and Company. Ltd., are in receipt i ci tae following cab.egram from their Londca | office aader date October 26: — I n WooL—Sales closed arm aad active with | tiiek competition. As compared with last sales' closing rates. Merino wool, greasy 2d •to 3d higher, mcouxed 3d to 4a higher; ; aalfared, greasy 2d to 3d higher; good : brigat crossbred. Sac duality, greasy 2a to 3d higher-, ordinary haifhred. hue quality, j greasy id to 2d higher; crossbred, greasy, | medium Id to lfcd higher, coarse id to id j aigher; croesbred. scoured, has 3d to 4d | higher, _ medium 2d to 3d higher, coarse, *d Ito Id higher; alape, crcasbrea, 3n» 2d to | 2*d. medium Irii to 2d. coarse Id to ltd ; higher: lambs' wool. Id to ljd aigber. The j offering amounted to 94,100 bales free, m- ; eluding 44.525 New ZeaJaad and 15.500 South American. 3-A-W.E.A. offered 45,723 bales. One hundred and eighteen thousand bales i Australasian 3nd 15.300 South American were • sold. 50,000 to the Continent. 3000 to Ame- •; r-lca, aad 9000 were held orer and 3000 with--1 drawn. The following is the range of prices JTeaiisea: —Merino, good to super 24d to 26id, I low to medium 20td to 23d. Halfbred. 53's jto 53's. good to super 20d to 23d, low to imedium 16d to ISd; 50'h to sS's, good to ! super 18« d to 20»d, low to medium 15<jd to il7sd. Fine crossbred. 46's to 48'*, good to I super lltd to 13d. low to medium Sd to ; lid. Crorsbred, 44's to 46's, rood to super •'od to lOjd, low to medium 7-d to Btd ; 40'9 j tc 44's, jood to super 7fd to S<d. low to j medium 7d to 7*d. Coarse crossbred. 36's to j 40's, super Sd. medium to good 71oL * j FROZEN" MEAT MARKET. j Dalgety and Company, Limited, are in rs- { ceipt cf the foilcwiag cablegram from their j Londca office. uad*r date October 26: — I Prime crossbred mutton. Canterbury, light Sd. heavy 7jd; North leland. light 7|d. ' heavy 7d- Itemandi better owing to cold I weather. Holders aro very firm, and only j lnnaii quantities ire beiag sold. Prime crww- ■ b"»d lamb. Canterbury, heavy lid, light j 121 d: North lerland. heavy lOfd. lisht 125 d. ' Demand has cberckftd by _ increased ! prices asked. Forward sales are difScaH to effect. New Zealand p:rime ex beef, hinds lid. iorea 3id. Demand fair, market dalL PROPERTY SAI-E3. The N«r Zealand Loaa ard Mercantile Ageacy Company. Limited. —-11l offer for -ale by miMic aacnoa at th» premioesi of Messrs. . J. T. St+mbridce aad Co., land aad general : i aeents. Pukekohe. at 12 nooa to-dsy, under ! ': instruction from the trj£tees in the estate ; of Bridget Eeanc deceaeed. a farm'et of f*a. ; I Br. 227-. siianted era t3»ij 'Waia.ku-P'iiVeWbo ; I main road, about 2£ atilet from Fakeknbe j ( towae-dp. together with house aad outbuild- 1 I :JXSB ' MM