COMMERCIAL.

New Zealand Herald, Volume LX, Issue 18497, 6 September 1923, Page 5

COMMERCIAL.

THE. LONDON MARKETS. FIRM DEMAND FOE BUTTER. [BY' TELEGBAPH.—OWN CO-RESPONDENT.] WELLINGTON. Wednesday. The Department ; , ■of Agrioulture r has ie.-, ceived tho following cablegram, '.nted September 1, from the High Commissioner for New" Zealand, London :■— Meat;: T;;ad6 ..was ; fair this : week. !; Now Zealand lamb .is a ! little slow : but "prices are-maintained. The mutton market is firm, with good demand. Chilled beef is firmer on short r supplies.'- Now Zealand mutton: Canterbury. 49 to;GGlb. Bid; 57 to 611b, 8d; 65 to 721b, 7|d; North Island, ordinary. 49 to 561b. 8d; 57 to B4lb. 7Jd; 65 to 721b, 7jd; ewes, Gid. New 2!ealand lamb: Canterbury. 29 to BGlb, '■; llfd; 37, to 421b. . Hid; 43 to 601b, . lOjd; second i class, ; 103 d; ; North Island. best, 1043; second class, lOd. New Zealand beef: Fores, 25d; hinds. 4id. Chilled . beof: Fores, Sid to Sid; hinds, 6Jd to 7d. j < ' Buttor:. Tho market is firm, and demand is good. Official Quotations are New Zealand, salted, finest, September 1. 185s. 188s, and up to 190s per owt; August 25. 178s, to 182s per cwt; August 18, 176s to 180s per cwt; unsalted, September 1. 188s to 190s per cwt; August '25. 178s to 182s per cwt; August 18. 178s to i 180s per cwt; other Qualities, September 1. sailed, 178s to 184s per cwt. Argentine, finest, September .' 1, 168s to 170s per cwt; exceptional, 174s per cwt; August" 25. 164s io 168s per cwt: August 18, 146s to 168s per cwt; other qualities, ; September 1, 148s to 164s per owt. Australian, salted, finest. September 1, 176s to 180s per. cwt; August 25. 16Sa to 172s per cwt; August IS, 166s to 170s per cwt; unsalted, September ;1. 17Cs to 180 a per cwt; August '25. IGSs to! 170s per cwt; other qualities, September 1, salted 142s to 174s per cwt, unsalted 1603 to 170s per. cwt. Irish, September; 1, 172 a to 178s per cwt;' August 25. 166s to 174s per cwt. Danisfi. ! September 1, 190s to 192 a per owt; August 25. 178s to .182s-, per cwt; August 18, 178s to 180s per cwt. • Cheese: The market is very firm. Official "notations are—Eiu?lish. finest farmers'. Soptomber 1. 126s to 130s per cwt; August ,25, 122s to 126s per cwt; August 18. 116s to 120s per owt. Canadian, September 1. coloured HGs to 118s per cwt, white 1183 per cwt: August 25. coloured 106s to 110s per cwt. white 106s to ll!2s per cwt; August 18, coloured 108s to. lifts per owt, white 110 a to 112s per cwt. New Zealand. Sep- ' tember 1, coloured and. white. 118s to 120s per owt; August 25.' coloured 104s to 110s per cwt, white 10611 to 112s per cwt: August , 18, coloured 108s to 112s per cwt, white 110s to 114s per cwt^ft., Shipments of New Zealand produce arrived this week by the'Middlesax and Rimutaka. Hemp: The Manila market is steadier for low grades. J grade. October-December shipments sold up to £31 ss. G grade is now quoted at 35.': The New Zealand market continued dull. Fair grade spot sold at £31. High points are quoted at £32, buyers. Wool: In the Bradford market the bettor tone is maintained. " Crossbred yarns and piece goods trade are more active. Present quotations for tops are: 64's. merinos, 5s Id; 66's, super-halfbred. 2s lid; 40's, propared, coarse crossbred, Is 4d.

WANGANUI MEAT COMPANY. NO DIVIDEND FOR YEAR. The balance-sheot of tho Wansanui Moat Freezing Company for tho year ended Juno 80, which was presented to the shareholders during the week shows that the company made a profit of £920 18s 8d after writing off £6770 163 9d for depreciation, and there was brought forward from the previous year £1591 Os 4d, making the balance at credit £2511 15a 7d, which has been carried forward. .-- N -; . ,■:■•-■'-,:-■. ?>.-'-'; i - : ;-.-.'"; : ■',; Tho shareholders! receive no. dividend this year. Last year they received 6 cent., which absorbed £5991 12s 6d. The interim dividend was 4 por cent., and 2 per cent, was paid for the second half of the year. The balance-sheet figures are: Paid up capital. £100.088; owing to Bank of New Zealand, £108,407 53 4d; reserves. £16,000; sundry creditors, i:37,695 4s lOd: unclaimed dividends, £56 9s lOd; and profit and loss, £2511 15a 7d. Total. £263,763 15s 7d. Tbo assets (comprise freehold land and buildings and lighters. £172,562 6s lOd; stock,' £83,645 17s 8d; sundry debtors. £7321 18s; and cash in hand, £228 lis Id. Total, £263,753 153 7d.,.; ,/...;/

/NORTHERN BOOT ' COMPANY. SATISFACTORY TURNOVER. The forty-second i annual meeting of the Northern Boot and Shoe Manufacturing Company was held at tho offices of the company. Federal Street, yesterday, the. chairman of directors, Mr. George Winstono, presiding. , i In moving the adoption of tho annual report and balance-sheet, as published in the Herald yesterday, the- chairman said at was particularly gratifying that the balance-sheet was of such a satisfactory nature, and shareholders were to be congratulated on the fact that a profit of £2414 16s sd. had been earned when it was i remembered that prices for footwear had steadily declined throughout the year. The- prediction, made at the annual meeting last year that imported footwear and raw material from overseas would come to hand more regularly had been realised, with tho result that the company's stocks: of footwear a:nd material for the factory had increased in variety and quality. The year's turnover for. manufactured goods and the imported .department had proved quite satisfactory, and the produot .frozn the factory had continued to hold a high place both for quality and value. . , Referring to the company's, exhibit at the recent Auckland Winter Exhibition, Mr. Winstone said that shareholders would have gahered from this display that the footwear was well made and finished, and^tnat. there was a large- variety of shapes and of material As a result of this exhibit, ho said, orders had already been received, demonstrating the value of! this means by bringing local products under the notice of the public Messrs. George Winstono and R. C. Carr, tho retiring directors, were unanimously ree Mr. Winstone expressed his thanks for this continued mark of confident.. and said it was the unanimous wish of he directors .to do all in their power to forward the interests of the- company. Mr. Carr also returned thanks. - . ± Mr.' B. L. Jonas was elected auditor for a further term. T : . ~ -,V-.v-i.-The meeting earned a vote of thanks to the chairman, directors and staff, ; for the result of the year'd working, to which the chairman replied, the. manager and secretary, Mr. J. M. Tregaslus, replying on behalf of the staff. PRICES OF METALS. - A. and N.Z. , * LONDON. Sept. 3. Copper, both positions, ~£63 8s 9d. _ „. Lead, spot £25 11 Bd. forward £24 7s Bd. ■ flnel'ter. £33 and £32 10s. ... ; ~; .-Tin £191 16s 3d and £195 Bd. .... : Silver, 2s 6 15-16 d per oz. standard. ... LONDON WHEAT MARKET. ' Australian and N.Z. Cable Association. . (Reed. 5.5 p.m.) LONDON. Sept. 4. Wheat cargoes : are steady, with ' better inquiry, especially for Australian, owing to reports of further reduction of supplies available in Europe Parcels opened firm, and closed easier. . ' ■'"'.;■ PROPERTY SALES. Several small holdings situated at Otumoetai township, three miles . from J aurnnga,; were offered for sale at Public auction yesterday afternoon by Smith- and Halcombe, Ltd. There was a, good attendance, but in no case did a sale ensue, offers failing to reach, tho reserve. The sections form part of the well-known Tanner 8 , Farm Estate. ".'"• ■'■■' : ". "'" ".'■' ~ '■-'"' ... Acting under instructions from the public, trustee, „as executor of the will 'of bmily Ilott, deceased, Smith and Eelcombe, Ltd., will offer for sale to-day at 2 o'clock, in their land salerooms 5, Customs Street, the' property, situated Queen's Parade, Devonport corner of Garden Terrace, comprising residence of nine rooms, and conveniences, on cornet section, £.oft. by 150 ft.

;■-:'; STOCK SALES. , -:,\; -\ ■; %% „ AUCKLAND. Dalgoty and Company, Ltd., report on the fat stock sale at Westfield yesterday as follows:— '■■. • , Beef —A'-- good 'yarding of nice quality cattle sold readily ?, at late rates. Second ouahty was soarcely as .good, kxtra choice ox to £1 Us per 1001b, choice and prime 29s to 83h, plain and unfinished 20b; prime young cow and heifer beef, 27s to 81s; second duality cow : beef. 10s to 255; rough cow.beer, 10s tolOs; / ~. _.> '; .■.:.- Sheep.—A large yarding. Bidding ... was erratic, but on the whole there-; was • no change in values. No extra, heavy wethers yarded. Heavy pumi wether,-?. £2 .9k, to £2 13s • medium prime: wethers, -£2 5s to £2 9s: light prime, £1 17s to £2 4s; unfinished and small .wethers, £1 12s to" £1 15s Cd; heavy .prime ewes, £1 19s to £2; medium prime 'owes, £1 14s to, £1 19s; light ewes, £1 93 to £1 ■' 10s; plain. unfinished ewes. £1 to 20s; good ;• hoggets, ; to £2 Is 9d; others, SI 1» to 88*.

:■ Lambs. first spring lambs of the year were yarded, and sold, readily '? at from =<; £1 16s to £2 oa 3d. r '::;4;-;";.- r■■-«-■ ■■:- :^; -: , :'''';V-:.v-,>v. Calves.—A fair yarding sold at late rates.i Bimners. £2 12s to £4 15s; heavy • vealers,' £2 : 12s to £3 : lis; medium Vealers,; £1 16s to £2 10s; light : vealers, £1 to £1 ■ 15s; young and fresh-dropped, 4s ■to 17s. ;: : ; | ■;--., Pigs. smaller yarding sold under keen competition at advanced rates. -Heavy j baconers, to £4 10s; medium baconers, £3 14s to £4; light i baconers ■> and - heavy porkers, £2 17s; to :£3 14s; medium and light porkers, .£1 17s to; £2"155. V,:;: ■'.■•". The ; New, Zealand Loan and Mercantile Agency Company, Limited, report:— • We held. sales during the ; past week at Westfield, Pukekohe. and , Papakura, dairy , cows ;-.■' selling at ■- late ■ quotations. There has boon an improved demand for, dairy heifers, All classes of store cattle Belling readily 'at late • quotations. We —Best dairy cows ; and heifers, close to profit, £9 to* £14 10s other dairy cow.s and heifers, close ;to profit, £6 to £8 10s; backward springers, best, £7 to £9 ss; backward springers, others, £5 53 to £6 15s; aged cows and inferior heifers; £2 10s to £5; bulls, acoording to quality, £2 to £6; empty cows, £1 15s to '£2 17s 6d; yearling to-18-month heifers, £1 10s.to £2 17s 6d; yearling Jersey . heifers. ;£ 8 10s to £ 5 10a, according to quality; yearling to 18-month steers, £2 to £2 17s 6d; 2 to 2i-year steers. £3 to £4 2s 6d; 3 to 3}year : steers, .£4 5s to £5 15b; 4 to 5-year | steers, from £6 to, £7 17s for steers in forward condition. ' These . cattle are j wanted. Beef at fully Westfield quota-! tions. '"•:,„■-.-,■■-'■•--■ .;-•-■ ;ij On Tuesday at Westfield we held the Auckland Jersey Club's annual sale. There was a fair attendance. Bidding was slack, the majority of the catalogue being passed. At Westfield fat stock market on Wednesday beef was penned in larger numbers. Competition was keen throughout, \ last week's improved prices' being easily maintained. Wo, . quote.Extra choice oxen, to 34s per 1001b; choice and prime oxen, ,29s to 335; plain arid unfinished oxen, 20s to 5.85: young cow and heifer beef, 253 to 81s; other cow beef., 18s to 245; rough b'eef. 10b to 17a. -No extra heavy prime steers. Heavy prime steers sold at from ' £18 12a Gd to £16; medium prime steers,. £11 to £13 10a; light prime steers, £8 10s to 10; 17s 6d; unfinished steers, £ft 10s to £8 6s: heavy prime cows and heifers. £8 to £9 ' 15s; medium prime cows and heifers, £6 103 to £7 15s; light prime cows and heifers. £4 10s to £6; unfinished cows and heifers, £2 to £3 17s 6d. Calves were penned in average numbers, prices being firm at late quotations. Runners, £ 10s to £4 19a: heavy vealers, £215 ato £3 ss; medium, £2 to £2 14s; light vealers, £1 to £1 ■ 19s; smaller, 10s to 19s; small and fresh dropped, Ss to 8s Pigs wore penned in less than average numbers, prices showing a -light improvement. Choppers, £2 10s to £3 10s; heavy .and medium baconers. £3 18s to £4 10s; light heavy norkors, £2 12s to £3 15s; medium and light porkers, £1 14s to £2 10s. Few stores came' forward. Slips, £1 5s to £1 lOs; weaners. 153 to £1; small. 8s to 12s. Sheep were penned in large numbers. . Competition was steady throughout with prices equal to late quotations. Extra heavy prime wethers, selling to £3; heavy prime wethers. '£2 7s 6d to £2 14s; medium prime wethers, £2 4s to £2 7s 3d; light prime wethers, £1 19s to £2 3s 6d; small and unfinished wethors. £1 13s to £1 18s 6d; extra heavy prime ewes, £2 JOs to £2 15s: heavy prime ewes, £2 Is to £2 Gs 9dmedium prime : ewes; £1 17s to £2 0s 9d; light. prime ewea. £1 10s to £1 16a; interiorly fatted ewes, £1 to £1 6s 6d. The first ..spring lambu came forward and sVd readily, there being an unsatisfied demand, realising at from £1 lfis to £2.; a draft from Mr. G. W. .Kcal's. Papakura. averagmg &2.

_Alfred Buckland and Sons. Ltd.. report:— During the week we held sales at Waitakaruru. Kaiwaka., Maungaturoto and Runciinan •Dairy. Dairy cattle show a, slight improvement , Beef and sheep are very firm and there is a keen demand for store cattle at unproved rates. Best dairy cows at profit, £11 to £14; Rood average cows, £6 to-£10; others, £2 10s to £5 10s; best springing heifers, £9 to £12 10s; good heifers, £6 to £8 10s; smaller. £2 10s to £5 10s: empty young cows. £2 to £3 ss: store cows. £1 5s to £1 15s: two to three-year-old steers, £3 8s to £4 15s; yearling steers. £2 to £2 12s; good calves. £1 10s to- £2; small calves, 15s to £1 58, •■■! j.s Yesterday at our Westfieltf weekly fat sUck market we penned fat cattle to the number of 662 ho&d, comprising 432 steers, ISO cows and heifers. The quality was excellent throughout. Competition was steady and last week's values were maintained. On© show steer, bred and fattened by Air. Wm. Smith. Matakohe. brought,, £21 12s 6d. Extra choico ox sold to £1 14a per 1001b.; choice and prime ox, £1 lis to £1 13s; ordinary and plain ox. £1 8s to £1 9s 6d; prime young cow and heifer beef. £1 5s to £1: 10a; ordinary cow beef. £1 to £1 iej, rough beef. 10s to lGs: extra heavy prime steers ranged in price from £15 15s to 17 2s 6d; heavy prime steers. £14 to £15 10s; lighter prime steers, £11 5s to £13 7s 6d; light prime steers. £9 10s to £10 17s Cd; unfinished and small. £7 2s 6d tot £9; extra heavy prime young cows and heifers, £10 fc> £11 12s 6d: heavy prime- young cows and heifers £8 to £9 15b: lighter, £6 6s to £7 15s; other cows, £1 10s to £5 ss; 16 extra Srimo steers from Mr. Win.' Vosper, Dingley ell, Cambridge; averaged £16 5s Cd. There was an averaK© yarding of sheep which sold readily at prices on a par with last week's. Extra heavy prime wethers, £2 123 fid; to £2 15s; medium to heavy primn wethers, £2 6s 6d to £2 lis 6d; light and unfinished, £1 18s to £2 4a: store wethers, £1 10s to £1 15s Only one pen of fat ewes came forward, these selling at £2, ■/■ Extra prime hoggets. £1 15s to £2; a pen ■ of extra special hoggets made £2 14s 3d; other hoggets, £1 2s to £1 9o (1203 sold). The first spring lambs of the season came forward and elicited keen competition, selling at from £1 16s 6d to £2 for tho best; others '£1 7s to £1 IBs (21 sold). Fat and young calves were penned in largo numbers, values*for all classes being unchanged. Runners made to £3 17s; heavy vealers brought from £2 7s to £3 Gs; medium vealers, £1 13s to £2 ss; light vealers. £1 8s to £1 17s; small and: fresh-dropped. 3s to 195.;(217 sold), There was an extra small yarding of Pitts and prices for all classes showed a slight improvement. Choppers, £3 to £4 6s; heavy baconers. £3 lCs- to £4 lis; light and medium baconers: £3 to £3 15s: heavy porkers. £2 12s to £2 19s; light and unfinished porkers, £2 to •£2 10s: store pigs. £1 to £1 12s (180 sold). -'•■.'•.

;•■;'., ALDINGTON. [BT TEUEORAPH.—PRES3 ASSOCIATION.] CHRISTCHTJRCR. Wednesday. At ' Addington market there was ,a keen sale to-day of beef and store cattle. Store sheep also sold well. Fat sheep eased slightly on last week's values. Store Sheep.—A good sale at late rates for all good quality sheep, particularly ewes near lambing, and ewe hoggets. Good four, six. eight-tooth half bred ewes in lamb. 435; good aged crossbred ewes in lamb, 37s la aged halfbred ewes .in lamb, -265; inferior aged halfbred ewes in lamb, 21s 6d to 245; two, four, six-tooth three-quarter-bred ewes in lamb. 33s 3d; pood four, six-tooth haltbred wethers, 35s Id to 375; four, six, eight-. tooth three-quarter-bred wethers, 33s 6d to 35s 9d; two and four-tooth halfbred .wethers. 35s to 35s 3d good crossbred mixed ' sex hoggets 27s to 80s Id; medium '. to inferior three-quarter-bred mixed sex hoggets, 23s 9d to 25s 2d: three-quarter-bred ewe hoggets, 31s; crossbred , wether hoggets , 24s8d to 25s 2d; medium to inferior wether hoggets, 22s 2d to 24s 9d; cull wether hoggets. 18s Bd. A , few spring lambs' made from 27s to 30s. ''■..'■• Fat Sheep.—A slightly smaller yarding. Values were easier by Is 6d per head. Best wether mutton, 7jd to 8d; prime. 7 id; light, 7d to 7}d: best ewe. 7Jd: medium. 7d to 7sd; extra prime wethers, 48s to 51s: a few special, 6ls 6d; prime, 42s 6d to 46s 6d; medium, 88s 6d to 41s 6d; light, 35s to 88s,} extra prime ewes, 40s to 445; special pens, 47s to 60s; prime, 36s to 38s 6d: medium. 33s 6d to, 35s 6d; light, 3Cs to 335; hoggets. 30s to 32s 9d. .: ' ,' ,"•,•'. Fat Cattle.—A total of 350 was yarded of good quality. ; There ' was a keon sale, good beef ' averaging from -45s to 48s Per lOlil'V. Eighteen South Otago, steers average £23 ss. Evtra prime steers. £24 10s;' nrime.: £18 to £22; ' medium, £14 10» to £17 10s; light, £9 10s to £ 14: extra prime heifers, £17 7s Old; prime, £12 10s to £15 ss; ordinary, £9.. 5s to £12 ss; -.light. £7 to £9; extra prime, cows. £15 to £18 12s 6d; prime, £11 15s to' £15 10s; medium, £8 to £11 ss. , , . Q-. '■■ Vealers.—A small entry. Animals suitable for butchers sold .well at a considerable advance on late. rates. Runners, £7 ss;' good venlors. £6; medium calves, .£3 to £4'los. <*" Store Cottle.—Bidding was brisk for good forward steers, and good empty heifers. Three, four-year-old steers, £6 to £8 2s I'd; two to. three-year. '£5 to £6 12s:' two and a-hnlf and . three-year heifers, £3. to I£3 Ifin; yearling to two-year heifers, £1 10s to £3; good cows, £2 to . £4 10s; fair, ' £I,los to £2 155./'- ■■■■ ' :■••■. . .■-• >:' ■■■- Dairy. Cattle.—The demand throughout was fair, prices being about the same as last week. Best second, third, fourth calvers, £12: medium; £2 to £5; bent springing heifers, £5 to £8; ordinary,. £2-10s to £4. -Fpt Pirrs.—A small entry and keen demand. Choppers. £3. to £7; light baconers,£4 to £4 10s; >ieavv, £5 to £5 12s: average nrice per lb;, 7Jd: light porkers, 60s to E"s: heavy. ,-608 to . 70s: ' extra ' heavy, ■£3 !?s; average nrico per lb.. 9d to lOd. -; Store Pigs.A '.'large,entry, and ( «ood demand. Weaners 20s to 275; small stores, 26s to 325; medium, 85s to 428; large, 48s to. 525; sows in ' pig. £4 4s to £6 "os.