COMMERCIAL.

New Zealand Herald, Volume LX, Issue 18455, 19 July 1923, Page 7

COMMERCIAL.

THE LONDON MARKETS^ QUIET DEMAND FOR BUTTER [b* TELEGHAPH.—OWN CORRESPONDENT.] WELLINGTON, Wednesday. The Department of Agriculture has received the following cablegram, dated July 14, from, the High; Commissioner for New Zealand. Legion:— . Meat: The market is qaiefi, and ther* is vory little business owing to the extremely hot weather and dockage strike, Prices are nominally unchanged. New Zealand mutton: Canterbury, 49 to 561b, BJd; 57 to 641b. 8d; 65 to 721b. 7d; North Island, ordinary, 49 to 561b. 8d; 57 to 641b. 7id. 65 to 721b. 6Jd. Ewes: Under 641b. Sid. New Zealand lamb: Canterbury. 29 to 861b. llfd; 37 to 421b, 11*; 43 to 50lb. 10jd; second class, lOid: North Island, best lOjd, second class 9Jd. Chilled beef:' Fores, 3td to BJd; hinds. 6Jd to 7Jd. New Zealand beef: Fores, 2id; hinds, sid. Butter.The market is quiet. Buyers apparently anticipate an early termination of .the dockage strike and that prices will decline. At present the position is unchanged. Following are .the vessels still waiting discharge:—At Manchester. Whakatanet at London, Mahia, Port Nicholson, ttaranga, Hurunui. Kaikoura. Shipnunts New Zealand arrived this week by the Kotorua.; now due Weatmeath. Official quotations are:— Zealand: salted, Jul? 14. 156s to 158s per cwt.; exceptional, .160s per cwt.; July 7, 154s to 158s per cwt.; June 30. 146s to 150s per cwt.; «n----salted: July 14," 1583 to 160s per cwt; July 7 156s to 160s per cwt: June 80, 154s to 15Gs per cwt. Australian: Salted, finest;' July 14. 146s to 150s per cwt; July 7, 144s to 148s per owt; June 80. 140s to 142s per owt; unsalted. July 14. 146s to 150s per cwt; July 7, 146s to 148s per cwt: June 80. 144 ato 146s por cwt. Other qualities: July 14, salted, 120s to 140 a per cwt; unsalted, 120s to 136s per cwt; July Inn , ted - 120s to 140 9 per cwt.; unsalted, ,? B ,oV° 1383I 383 P er owt . Argentine: July 14. 130s to 140s per owt.; July 7. 130 to 136s per cwt: June 80. 124s to 132s per cwt. Irish: Salted. July 14. 148s to 152s per owt; July 7, 144 a to 148s per cwt; June ??' ,^ 8 , to 142 a ner cwt : unsalted, July 14 150s to 152s per cwt: July 7. 148s to 150s per cwt; June 30. 148s to 150 a per °wt. , 4? anIJS . July 14. 154fl to 158 a ner S wt! ,.? uly 7 ' 16<B to 16 6s per cwt;, June 30. 148s por cwt.. Cheese.—A fair' demand for goods actually available. Official quotations are: tinglish, finest farmers. July 14, 112s to 114s per owt; July 7, 110s to 112s per owt; Juno 80. 108s to 112s per owt. Canadian. July 1.4, coloured i?.nd white. 93s to 943 per owt; July 7. coloured, 86a to 90s per cwt; June SO, eolobred and white. 84s in 86s per cwt. Now Zealand: July 14, coloured, 94s to 96s per cwt; white, 96s to 08s per cwt; July 7. coloured, 86s to 88s per owt: white. 88s to 90; i per cwt: Juno 30. ooloured. 82s to 84a per cwtwhite, 82s to 60s per cwt. « Hemp.—The • Manila market is quieter. G . -i grade. Aumi3t-October shipments now quoted, sellers £36 10s per ton; "J " grade £81 5s per ton. New Zealand market is Jules at about quotations already given for , fair. ' but no business done. Reported that ' good fair" has been sold at spot, £32 per ton. Wool.— sales this week or nest on account of the dockage strike, Series recommence July 24 if circumstances permit". Egg*. The dockajre strike is holding back supplies. Only small business . has neen done; B-rittnnys, Irish, Danish, Dutch, French. English, 10s to 13s; Chinese, Polish, Lithuanian, 8s 6d to 9s 9d

ELECTROLYTIC ZINC, LTD.

DECLARATION OF DIVIDEND.

The following cable has been received from the head office, Melbourne, of the Electrolytic Zino, —Dividend declared to-day at the rate of 8 per cent, per annum for the half-year ended June 30 last, payable on September 6, on the issue of preference ehares, made in 19£0; also, on preference shares allotted prior to June 30 last, under option certificate ./rights on amounts paid up on such shares from the respective dates; payments also an ordinary shares except deferred ordinary shares. SCOULLAR COMPANY, LTD. DIVIDEND OF 8 PER CENT. The balance-sheet of the Scoullar Company, Limited, 'Wellington, for the year ended April 30. discloses a gross profit of £15,308 16s lid. Wages, salaries, and general expenses absorbed £13,0-17 2s 5d.; fire and accident insurance, £269 3s; and depreciation and bad debts, £762 17s 9d: leaving a credit balance of £1229 13s. With the balance of £1397 lis 5d from the previous year, and £800 transferred from the dividend equalisation account, the amount available for distribution is £3427 4s sd. Out of this a dividend of 8 per cent, has been declared, which absorbs £3051 ' 4s, leaving a balance of £376 0s 5d to bo carried forward, subject to payment of directors' fees. SHIPMENT OF LIVE CATTLE. ARRIVAL IN MELBOURNE. [by telegraph.—press association.] WELLINGTON. Wednesday. Private .advices state that the second shipment of live cattle arrived at Melbourne in excellent condition, the loss being less than 1 per cent. A report published in a Melbourne paper that some of the first lot died of thirst is denied. The real cause was chill alter trucking. Buyers in New Zealand speak in high terms of the manner in which the Railway Department loaded and delivered the beasts 'to the ship's side. WHEAT MARKET. Australian and N.Z. Cable Association. (Reed. 9.15 p.m.) LONDON. July 17. Wheat t r>argoea are neglected and sellers are offering at 3d to 6d decline. Steamer parcels are 6d to Is weaker. STOCK SALES. AUCKLAND. The New Zealand Loan and Mercantile Agency Co.. Ltd.. roport:— We held sales during the past woek at Westfie)d. Pukekohe. Henderson, and Papakura. All classes of dairy and store cattle selling at late quotations. Best dairy cows and heifers close to profit, £11 to £17; others, £7 to £10 las; backward springers, best. £7 to £9 10s; others, £3 10s to' £6; aged cows and inferior heifers, £1 10s to £2 15s; bulls. £1 to £4 17s 6d; empty cows, £1 5s to £2 53; yearling to 18month steers, £1 103 to £2; 2 to 2iiyear steers. £2 2s 6d to £2 17s 6d; 3 to B}-year steers, £3 to £4 7a 6d-, 4to 5-year steera, £4 10s to £5 10s- weaner steers, 15s to £1 12s 6d; weaner heifers, 15s to £1 las; weaner Jersey Heifers. £2 to £4; beef at fully Westfield prices. At Westfield fat stock market on Wednesday beef was penned in average numbers, being mostly of good quality. Competition was keen, and prices again improved. We quote: Extra choice oxen, to 25s por 1001b; choice and prime oxen, 20s to 245; plain and unfinished oxen. 14s to 19s; young cow and heifer beef. 15s to 20s; other cow beef. 10s to 14s. Extra heavy prime steers sold at from £12 to £13 ss, heavy prime steers, £9 7s 6d to £11 17s 6d; medium prime steers, £8 to £9 ss; light prime steers. £6 12 6d to £7 17s 6d; unfinished steers, £0 to £8 10s; prime heavy cows and heifers. £5 10s to £7 10s; medium cows and heifers. £4 7s 6d to £5 7s Od; light cows and heifers £3 10s to £4 5 8 ; aged and poor cows, £1 2s 6d to £2 15s. Calves were again penned in small numbers, there being a steady demand at late quotations. Runners, £3 los to £4 14a; heavy and medium vealers. £3 to £3 8a; light. £2 5s to £210 a; smaller "I 1 » 6s >? f* 4h ; small and fresh dropped. 6s to £1 4s. Pigs were penned in less than average numbers, and sold under «»« competition at late quotations. Choppers, 8 IBsi to £< 14s; heavy and medium i™5PV ra - £4 188I 88 to £ '° "■: light baconers ™3 fc-Siy P 0^" 8 - /4 to £4 17s 1 medium and light porkers £2 18s to £8 19a- store pigs came forward in small numbers, selling era 12, ft"' 1 ipa> £1 to £1 59 ' w « "- ers, .us to 19s. Sheep were penned' in kZ n f u t, mbe »- .competition was not so keep as the previous week, prices being e »a»er R Heavy .Prime wethers, £1 171 to 10s LA 1 l, 8 ' u'' !, , sht pr .', rae wethors. £1 M;. 4 1 ; 14s 6d : small and unfinished wethers, £1 5s to £1 93 3d i heavy and medium, prime ewes. £1 4a od to £1 10, light prime ewes. £1 to £1 4,, fid- inferiorlv fatted ewes, 12s 'to 18s. Hoggets 'penned a average numbers, sold at fate quotations Extra heavy prime hoggets, £1 99 to £1 lis; heavy prune hoggets. £1 5s 9d to £1 £l 6d K i ?« dl " n V? rim ? hoggets. £1 8s 3d to £1 Is- u n i „n& p i!; lme hoKeot9 . SO* M o £1 83; unfinished hoggets. 15s to 20s 6d.

At r ui B H Ucklan Ind1 nd S ? na - L »d.. report:a At the Hay, ™ en Friday last we had a -sma yarding of l horses. Competition life rtoo A S??- drauhtß br , ollsht from £17 10a to £22 10a; medium, £23 to £27 10aplough horses, £15 10 to £22; light harness aorta 4510 10a to£W . 10^/1 - ponies «'to £12 10a: hacks. £11 to £16. Yesterday at our weekly "Westfield fat stock market wo penned fat cattle to the number of Hi, head, comprising 314 steers. 155 co,ws and heifers, and S bulls. With few exceptions ihe ox bee" was of excellent quality. There was a keen demand, with a further rise in values. Extra choice ox sold to £1 6s per 1001b.; choice and prime; os, £1 3s to £1 sa; ordinary and plain ox, ISa to £1 2s; prime young cow and heifer beef, 18s 6d to £1 3s; ordinary cov.beef, 15s to 183; rough beef. "9. to 13=: extra" heavy prime steers ranged in pricj from £12 to £13 10s; heavy prime steers. £10 to £11 16a; lighter prime steers. £6 5s to £9 IBs: light prime steers, £6 10s to £8- unfinished and small, £1 to £6 10a;

" tr * heavy prime young cows and heifers, 1 i s ., to * 9 heavy primo young cows ? nd 1 «*y or8 . *« to £1 7s Cd; ' lighter, M JS? to , *f 15s; other cows. £1 7s 6d to £4 10s; bulls £1 to £4 15s; 15 extra, prime steers from /Mr. C. G. Robertson, Otaua, Wuiukii, averaged £12 15s 2d. Sheep came torward in mcreasod toumberiat, and the ; major portion were of prime Quality. There " waa 6 * 11 ? demand and generally there was little alteration in values from last report, although in odd cases of plain ewes and unfinished wethers prices were slightly easier. Extra heavy prime wethers, to £2 la; medium to heavy prime wethers, &l I6a to £1 19s; lighter prime wethers, £1 14s to £1 IBs 6d; light and unfinished, £1 ioa to £1 13s 6d; extra heavy prime ewes, £11 12s 9d to £1 17s 3d heavy prime ewes, £1 10s to £1 12s; lighter fat ewes, £1 7s 6d to £1 9a 6d; others, £1 33 to £1 7s; extra heavy prim©- hoggets, £1 6s 9d to £1 10s ; heavy prime hoggets, £1 4a to £1 6s; other ho'ggets, 18s 6d to £1 3s 6d; 2247 sheep sold. Fat and young calves were, penned in average numbers, values for all olasses being about equal to late quotations. Heavy vealers brought from £2 2s to £3 ss; medium vealors, £1 13s to £2 2s; light vealers, £1 7a to £1 13s; small and freshdropped, 4s to 16s; 185 sold. Pigs cam* forward in small numbers, all classes showing a sharp rise on last week's quotations. Choppers, £3 10s to £5; heavy baconers, £4 15s to £5 lGs; light, ar. medium baconers, ti\ 7ti to £4 14s; h'Jftvj porkers, £3 8s to £4; medium porkers. <33 19s to £3 7s; light and unfinished porkers. £2 to £2 16s; store pigs, £1 3s to £1 10s; weaners and slips, 14s to £1 2s; 256 sold. L _ . . During the week we held sales at Westfield. Turua, Pokeno, Runciman, and Wellsford, also four clearing sales. First quality dairy oattlo continue to be in demand, and there is also a good inquiry for young cattle. Store steers have eased a little, and inferior dairy cows are neglected. Best dairy cows. £20 to .£29 (these prices are realised at clearing sales); good cows, £14 to £18 10s; second grade cows, £8 to £13; aged and inferior, £1 10« upwards: best Jersey heifers, at profit. £18 to £24; good • heifers. £10 10s to £15; others. £3 to £9: 8J to 44year old steers, £4 to £5; 24 .to Bi-year-old steers, £3 to £3 17s 6d; yearling to 2-year-old steers, £2 5s to £3; good calves, £1 15s to £2; smaller calves, £1 5s to £1 Ids; weedy calves, 10s to £1; empty young cows, £1 12s 8d to £2 10s; store cows £1 to £1 10s; fat steers. £5 to £7 17s 6d;. fat cows and heifers. £2 15s to £5 IBs. : 1 On Tuesday we held » special sale ot Mr. Chas. Herrold's herd of pedigree Jersey cattle in the Waiuka yards.. There was a large attendance, buyers being in attendant from all parts of the. Auckland province. Competition was brisk and prices realised were most satisfactory. Cows sold up to lOUgns.; heifers ■«<*". (for Floral Vox 11,834); yearling heifers, to 66gns. -Lho 15 females, comprising 5 cows .heifers, a yearlings, averaged 64gns.; yearling Dulls, to MRU. Mr. Flavell's grade Jersey cows sold at from £16 16s to 28gns., and heifers £8 8a to 21gns.

Dalgcty and Co.. Ltd.. report having held their weekly sale of fat stock at Westfield yesterday, as under:— „. iW Beef: An average yarding sold readily at prices slightly better than last week. Extra choice ox sold at 36s per , 1001b. choice and prime ox 22s to 245, plain and unfinished 15s to 19s. Prime young cow and heifer beef realised from 15s to 21s, plain and unfinished 10s to 14s. Sheep: A good yarding sold at late rates. Best wethers made from 36s to £2 Is, good wethers 32s to 355, unfinished 29s to 31s best ewes made up to 34s 6d. good ewes 31s to 82s 6d. others 263 to 29s 6d. Calves: A fair yarding sold at about last week's rates. Runners made from £3 12s to £4 ss. heavy vealers £2 15s to hi 15«. medium vealers £1 10s to £2 10s, fresh-dropped 4s to 10s.. Pigs: A. short market met with very keen competition. Choppers mad© from £3 5s to £4 3s, heavy baconers £4 18s to £5 Bs, medium baconers £3 18s to £4 12a, porkers made from £2 15s to £3 15s. slips 19s, weaners 8s to 15s. Lambs: A fair market was not very keenly competed for. Best lambs made 23s to 255, good lambs 20s to 225, other? 16s to 19s. ' WAIKATO. ■ The Farmers' Co-operative Auctioneering Company. Ltd.. Hamilton, report as follows on stock sales held in the WaiKato last week:— fair amount of fat stock has been finding its way to market, and at most centres meets with brisk competition. Values generally aro hardening prime quality ox making up to 25s per 1001b. Cow beet, as a rule, draws even better competition, valued lor prime quality reaching 21s. Fair supplies of mutton are still available, and values generally aro steady, -l-noris is little alteration in the store cattle markets since we last reported. Everywhere a general apathy is apparent. Yardincs are email and consist principally of female stock. Grown steers have dropped out of popularity, although forward cows have risen in favour. Young heifers are plentiful, but except for well-bred Jeiseys are not in keen demand. ' These latter maintain a strong position. There is a good inquiry for store sheep, and good business has been done recently in breeding ewes. Hoggets aro in demand, but not plentiful.. There has been little alteration in the dairy cattle markets recently. Clearing sale averages are not hifi'h except in odd instances, where tested herds have been offered. Supplies of pigs have fallen to a lower degree than has been known for a number of years. Values are consequently high. We quote:—Bullocks, heavy primo £8 10s to £10 lCs, medium £7 to £8; cows, heavy young £5 15s to £7 10s. medium £4 10s to £5 ss, forward £3 to £3 15s; steers, 3} to 4i years, forward, £4 10s to £5 10s, store £4 to £4 10s; cows, stores. £1 10s to £2; steers, . 2i-year, best, £3 5s to £3 15s; heiiV.rs, rising two-year r.w.b. Jersey £10 to £'t3. three-year' r.w.b. Shorthorn £6 to £7 ss. three-year r.w.b. Holstein £7 10s to £9; empty heifers, 18 months, best S'horthorn £2 to £2 15s, medium Shorthorn £1 15s to £2; steers, 18 months, best Shorthorn £3 to £3 7s 6d, medium Shorthorn £2 10s to £2 15s; calves, heifers, best Shorthorn £1 2s 6d to £1 7s 6d. Holstein £2 to £2 10s, Jersey crog.s £3 5s to £5; calves, steers, best £1 10s to £2. medium £1 5s to £1 10a. weedy 15s to £1: wethers prime heavy 33a to 365, prime medium 81s to. 82s 6d: ewes, prime heavy 28s to 325: breeding ewus. best five and six year 80s to 3fs, medium five and six year 24s to 2fe 6d: store lambs, good 17s to 19s 6d. medium 15s to 169 6d: forward lambs. 18s 6d to 225. Pig 3: Baconors, heavy £3 15a to £4 10s. light £3 2s Isd to £3 10s:. porkers, heavy £25« to £2 IBsi; good slips. £1 2s 6d to £1 7s 6d; small do., 15s 6d to £1; weaners. 12sv.6d to 15s. . Horses; Heavy droughts £40 to £45, medium do. £30 to £33 10s: light- do.. £22 to £23; harness, horses, £10 to £17; hacks. £5 to £16.

ADDINGTON. ) [BY TELEGRAPH. —PRESS ASSOCIATION.] J CHRISTCHURCH. Thursday, | At the Addineton market to-day the yard-1 ings were smaller in all classes except fat ' sheep, and there was an improvement in! both beef and mutton values. | Store Sheep.— smallest entry for the season, and a keen sale, particularly for j flood class lines. Good "owes, 38s 6d to 40s; medium. 26s to 28sj aged and inferior, 19s ' to 22s 6d; good wether hoggets, 235; small, 20s Id; medium mixed eox, 2ls 7d; for; ward wethers, 29s to 31s id; medium, 22s lid. j Fat Sheep.—A slightly larger entry and, an improved market for wethers. :•■ Ewes were about the same. There was a keen sale. Extra prime wethers ■ made 41s 6d to 435. and a few special 465; prime wethers, 383 to 41s; medium, 31s 6d to 37s 6d; light, : 29s 6d to 345; extra prime ewes, 35s 6d to 37s 6d; a few specials, 39s 9d; prime, 82s 6d to 35s 6d; medium. 28s 6d to 32s 6d; light. 22s 6d to 28s 3d ■ ■ '.- j Fat Cattle.—Small yarding of 305 head. The market was slightly better than last week for good beef. Extra prime, 32s per lOOib.; good, 27s 6d to 29s 6d; medium, 24s 6d to 26S 6d- extra prime steers. £14 15s to £16 17d 6d. prime, £11 6s to £14; medium, £8 5s to £10 16s; inferior. .£6 5s to £9: extra primo heifers, £11 ss; prime, £7 5s to £9 ss; ordinary. £5 12s 6d to £7 • extra prime cows. £9 ss: prime. £6 to £3: ordinary. £3 15s to £5 15s. , . Vealers.—A small entry, and a rise in values. Runners, £6 ss; good vealers. £3 53 to £s'7s 6d; fair. £2 Os 4d .to £3: small calves. £1 to £1 15s. . Store Cattle.—A nondescript entry, with, no seers. Two- heifers, 45s to 60s; medium cows, 25s 6d to 27s 6d ■. inferior rows, 20s. _ •.,.. . . '»•'* Dairy Cattle—Good dairies sold satisfactorily, but medium dropped back, bxtra ecod second, third, and fourth^cal vers. £14: medium to good £3 10s to £6 10,:; extra good springing heifers. £14 •. mednm,. £3 to £6 10s; Inferior and aged, £1 to £1 10s. .- Fat Pigs—A small entry and no limitation in values. Choppers, £3 10s to £7 10s; light backers. £3 15s to £4 ss. heavy £4 12s 6dto £6. R.vcrft(re price per lb.. 7d to % tight porkers. 40s to 60s; heavy. 55s to 65s- average mice per lb. 8d to ja. Store • Piss. - A medium entry Mid no change in values,: Weaners. 15s ,18.: slips. 19s to 255; medium stores. 28s to oua. wis in pie £2 17b 6d to £3 2s 6d. ,