COMMERCIAL.

New Zealand Herald, Volume LIX, Issue 18276, 18 December 1922, Page 5

COMMERCIAL.

THE LONDON MARKETS.

Australian and N.Z. Cab la Association. (Reed. 4.80 p.m.) LONDON. Doo. 16.

FROZEN MEAT. Sheep.—New Zealand ewes, 7d. Lambs.—Australian, third quality, 9d; South American, henvy 9Jd. ifc rozeu Beef.—Now Zealand, foras 3Jd; .Australian, crops 4Jd. Beef.—Argentine, fores 3ld, hinds s}d Uraguay, fores 33d, hinds sid; others unchanged. HEMP, COPRA, RUBBER, ETC. (Last week'B prices in parentheses.) Cotton.—January, 14.04 d (13.(>2d). Rubber.—Para, Is l}d (la lid); plantation and smoked, Is ljd to Is 2d (Is lid to Is ltd). auto.—December-January, £36 ]0s (£36 10s). Hemp.—December-February, £33 10a ( £ 32). Copra.—December-January, JB 24 2s Gd (£24 ss). Linseed Oil.— £39 10s (£3B 10s). xurpenti.'io.— £4 16s 3d (£5 4s). WHEAT.

The wheat cargo market is firm and quotations are 3d to 6d higher. Parcels are firm at ljd to 3d advance. METALS. Copper.—On spot, £62 16s 3d; forward, £63 lis :)d. Lead.—On spot, £2G; forwfc-d, £25 ss. Spelter,—On spot, £37 7a 6d; forward, £34 10s. Tin.—On spot, £170 16s 3d; forward, £177 18s 9d. Silver.—2s G 15-lGd per oz standard,

M. A. Eliott, Ltd., Palrnerston North, have received cable advice from Messrs. Gilbert Anderson and Co., Ltd., London, of the following Smithfield prices for the week ending December 15. These prices are en the "delivered" basis—that is, including storage charges, cartage, eto, Best North Island prime crossbred lambs, u/42, lljd; ordinary North Island lambs, u/42, ll{d; ordinary North Island lambs, second quality, u/42, lOJd; North Island ewes, u/G4 ■ Cla. 64-72 OW. 0/72 GJd; New Zealand prime ox beef (equal fores and hinds), 100/220, Jd. Beef supplies are plentiful. Chilled hindquarters Sid, forequarters 3Jd. Wethers and down lambs, no quote; crossbred lambs, no change; eweo, par to id lower; .beef, l-8d lower. The New Zealand Loan and Mercantile Agency Company, Ltd., have received the following cablegram from their London house under date of December 18:— Tallow.—Spot vaiues: Fine mutton, 43s per cwt.; good beef, 41s 9d; mixed, 3Cs 6d. per cwt. Market quiet. Frozen meat llfd per lb (average). Mutton: No alteration (last quotations (15/11/22): Wethor and maiden owes, light 8!d per lb, heavy 7Jd; ewes. light_4J}d, heavy 65d. Be^f—Ox: Hinds 41 d per lb. fores 3Jd; cow, hinds 3fd, foreb Cid. Market quiet. Messrs. Dalgety and Co.. Ltd., are in receipt of the following cablegram from their London Office under date oi December 14:—

Frozen Meat.—New Zoaland prime crossbred lamb: Canterbury, heavy IOJd, light lljc!. North Island, heavy lPd, lignt lid. Demand for New Zealand lamb poor and prices weak. New Zealand prime crossbred mutton: North Island, heavy 9d. light 9id. Demand for New Zealand mutton good for anything available; forward market, very little doing, and frozen meat buyers are nervous a,a to future. Now Zealand prime ox beof: Hinds 4Jd, fores 3Jd. Demand for New Zealand beef fair and prices steady.

LOAN AND MERCANTILE. DIVIDEND ANNOUNCED. The New Zealand Loan and Mercantila Agency Company, Ixd.. has received a cablegram from iti hmud office in London adviainsr that at the iinnnnl maetinc, held on December 14, a fuial dividend was declarcvi for tho year ended Juno 30, 1922, at the rate of 21 per cent, (less English income tax at 3s 5d in the £). on the S per r«rit. cumulative preference stock, and a dividend at the rate oi 2 per cent, (freo of English income tax) on the ordinary stock. A notice to Now Zealand stockholders regarding payment of tho dividends is advertised.

BUTTER AND CHEESE. Messrs. Dalfiety and Co., Ltd., are in receipt of the following cablegram from their London office under date of December 14:— Butter.—The total imports of butter into tho United Kingdom lor November wcro 327,000cwt„ and for tho corresponding period Inst year 22(5.000cwt. Tho market iB quie:t. We quote: New Zealand butter, salted, at 182s; Danish. 210s: Australian g.i q,. 170 a; finest Australian, salted 17Ss, unsalted 178s. Tho rise is due to requirements for Christmas. Heavy arrivals in the near future are expected and lower prices probably will have to be accepted. Cheese.-—The market is steady. New Zealand, 12-Ib; Canadian. 124 a.

CANTERBURY FROZEN MEAT CO.

The 41st annual meeting: of the Canterbury Frozen Moat and Dairy Produce Export Company, Ltd., was held in Christchurch last week. The directors' repqrt showed that the net profit for tho year was £31,'22G 10s fid. which with the amount brought forward from last year, made the amount at credit of profit and loss account £36,752 Of sd. Out of this, further additions hovo been itiJidft to the various reserve fund 3, and after such apportionments. and deducting tho dividend paid at tho half-year, there remains ft sum of £19,857 19s, which tho directors proposed should bo dealt with as follows:—To payment of a further dividend of 3 per cent, on tho preferenco. and 6 per cent, on tho ordinary shares. £3750; to payment of a bonus of 4 per cent, on ordinary shares, £4500; to carry forward. £sbC<7 19s. Sir George Clifford, the chairman, said the year had not passed without disturbance. as labour troubles, unwisely fomented, interfered materially wit™ the ordinary current of their work. , , , The report and balance-sheet were adopted.

CLAUDELANDS STOCK SALE. The Farmers' Co-operative Auctioneering Company, Ltd., report:—At Claudelande Bale on Thursday, December 14. wo had a good yarding of cattle and a fair supply of sheep and pigs. Beef met with, excellent competion and all lots submitted were cleared. Steers made to £7 5s for medium weights, light-weights £5 12s to £G ss. Fat cows reached. £<? for well-fatted cattle from the Government farm, light-weight £3 14s to £4 sb. Fresh cows made from £2 4s to £3 lie, store cows £1 5s to £1 15s. Store stock generally hardly reached late rates, although fair competition was mot with up to a QGTtnin stage. Two-year steers made to £219 a, good 18-months steers were passed in at £2 17» -6d. 15-months steers (fair quality) made from £2 12s to £2 14s heifers same ago from £2 2s to £3 ss. Sheep ware in good demand, small fat wethers making to 28s Id well-fatted ewes 2Gs. mixed twotooths 22a to 245. Pigs: Baconnrs made to £2 17s. porkers from 35s to £2 Bs, slips from 18s to £1 7s. weaners from 5b to 13s. PROPERTY SALES.

The "New Zealand Loan and Mercantile Agency Con-man- Ltd., report the sale by auction of the following properties under conduct of the registrar of the Supreme Court: Farm, 126 acres, at Waipu, £1185: farm of 1197 acros, at Waimauku, at i£lV 800 ~ Alfred Buikland and Sons. Ltd., will oSor for sale b7 auction, on the property at Paerata. near Pukekohe, at about noon on Wednesday, a farm property in tho estate of W. B. Bayley. deceased, containing 87 acres, freehold, all in pasture and cultivation. There is a residence of six rooms and outbuildings. The property is situated about one rrnle from the railway station.