SHEEP-FARMERS' COMPANY.

New Zealand Herald, Volume LX, Issue 18532, 17 October 1923, Page 7

SHEEP-FARMERS' COMPANY.

.' - DIVIDEND OP 6 PER CENT. [BY TELEGRAPH.—OWIT CORRESPONDENT. 1 . CHRISTCHURCH, Tuesday. The report of the directors cf the North Canterbury Sheep farmers' CooperativeFreezing Export and Agency Company, Ltd.. of which Mr. •G. D. Greenwood in chairman, stated that the year's profit, including the balance brought forward from last year, is '£7358.", The directors recommend that this sum be dealt with an follows:—Payment of a dividend of 6 ■ per cent., £6094; to ho carried forward, £2264. ■,■: * MARKET REPORTS. ;«; ; FRUIT AND PRODUCE. Most varieties of fruit were in fair supply on the Auckland markets yesterday. Good quality apples were plentiful and low prices ruled. A small shipment of ■ Sydney fruit appeared on the maikot. Best/ quality ripe bananas ' continued high. Prices for produoe remained at approximately the same level as last week. , FRUIT. : -T Best quality. Delicious apples brought 14b 6d a case. Stunners, realised 8s to 12s, and Doughertys lis (id to 9s. Rome .Beauty cookers sold at from. 6s to 7s a. case. Local passion fruit, fetched 20s a case. A small quantity of hothouse tomatoes brought 2s 6d per lb., for best grade, inferior sorts selling at Is per lb. PRODUCE. ' Best Southern potatoes realise-! lis 0d to 12a 6d per cwt., and swedes 10s to 12s per cwt Cabbage fetched 10s to 17s a sack, and cauliflower 10s to, 15s. Best Australian onions brought ,9s * per cwt., and American varieties 23s a. case. The market was oversupplied with lettuce, and* prices ranged from 4d to 2s per dozen. Rhubarb also camo forward in heavy supply, and brought from 28 to 4a Gd per doKen. A heavy supply •of - new potatoes sold, at about 3d per lb. for bast grades, poorer qualities bringing Id to 2d. Kumaras fetched 2d per lb. A medium supply of green peas was disposed of at from 4}d to 6d per lb. French beans were scarce, and realised 2s per lb*. Carrots, parsnips, beet, and turnips, sold at from 9d to Is 9d per dozen. '.',''' DAIRY PRODUCE. The market was well supplied with eggs and duck- eggs came forward in exception-ally-heavy supply/ and were difficult, to quit. The following prices were realised: Hen eggs, Is 2d to Is 2Jd per dozen: duck eggs, lid to Is. Farmers' luttor fetched from Is 3d to Is 4Jd per ib. ' POULTRY. •■•;_-' A very small number of poultry cam© forward, but the domand was correspondingly small. The lollowing pricos were realised: Ducks, 2s 7d to 3s Id: hens, '3s to 4s lOd; roosters, 4s Id; chicks, did to Bid. >~.'■„,

CANTERBURY PRODUCE.

POTATOES PRACTICALLY DEAD.

[BT TELEGRAPH. — ASSOCIATION.] CHRISTCHURCH. Tuesday. Very little business is being done now among merchants. Even potatoes, which were in such keen demand for months past, are practically dead. The North Island markets appear to be overstocked. And the prices offering from that source are so low as to ,precilud!o business being donte. A letter received from Wellington to-day stated that .the market there was over-full, and that it was not anticipated that any potatoes would be required for about ten days. A line of whites were recently soli on the wharf At Auckland, ex Atua, at £10 10s. " The dumber of farmers who havs potatoes to sell: is rather surprising," said a merchant to-day. Farmers, who I Iwd no idea had. any potatoes left.- have been joining in during tho past few days wanting to make sales.'* .The demand for seed potatoes is practically nil. A merchant, speaking of the position to-day, said . that he had not previously seen such a state of affairs. Generally, when the • table potatoes were high there was a good demand for the seed class, but this year inquiries for seed potatoes practically ceased about June. Fowl wheat is a little easier than has been the ease for some time, and there is plenty of it about.- Milling wheat is unobtainable, so the merchants &iate. If there was any about they would be, pleased to purchase it. , ~, * A little more forward business has been done lately in Partridge peas, and some sales wore marie on Monday at 6s 4}d f.o.b. s.i. for April-May delivery. There is little doing jn other, lines.

FOREIGN, EXCHANGES. ; Australian and N.Z. ■' CaMe Association. (Reed. 9.5 p.m.) ■ LONDON, Oct. 15. The following rates on foreign exchanges are current to-day as compared with the cabled quotations on October, 11- and par: „ •*« , /,';■;"■ Oct. 15. Oct. 11. Par. New York (dol.) .. 4.53J 4.55* 4.866 Montreal (dol.) .. 4.601 4.601 4.806 Paris (fr.) .». . , 73.80 74.57 25.225 Brussels (fr.) ~ 85.75 87.55 25.225 Rom* (lire) . . .. 98} 931 25.225 Stockholm? (kr.) .. 17.15 17.21 18.159 Christiania (kr.) .. 29.25 29.13 18.159 Copenhagen (kr.)-.. 25.80 25.85 18.159 Calcutta (pence) .. 161 JGf 24' Hongkong (pence) . . 27i . 275*. — Yokohama (pence) . 25jf 25$ '■. 24} < Exchange on Berlin is quoted at 15,000 million to 20,000 million ' marks to the wand, against 13,000 million to 18,000 million on October 11. LONDON WHEAT MARKET. Australian and N.Z. Cable Association. (Reed. 8.5 p.m.) LONDON. Oct. 15. Wheat cargoes are.steady and prices are nominally unchanged, Parcels are in fair request. ' ■■■ - ■ ■ - ■ - •■> BRADFORD WOOL MARKET. Australian and N.Z. Cable Association. (.Reed. 9.5 p.m.) : LONDON, Oct. 15. The Bradford woo! market shows a better tone, and. there is fair business in orossbreds, but Merinos continue to be neglected, Quotations are nominally unchanged, PRICES OF METALS. , Australian and N.Z. Cable Association. • (Reed. 11.30 p.m.) LONDON, Oct. 15. ' Copper—On Spot £60 13s 9d, forward £61 8s 9d. , Lead.— and £26 3s 9d. Spelter.— 7s 6d and £31 17s 6d. Tin.—£2o2 8 9d and £200 8s 9d. ' Silver.—2s 7 7-16 d per ©z. standard: . . - : l ■__ ■;■., - ' —•■———.••- -'■-' AUSTRALIAN SUGAR, COMPANY. The Australian Sugar Company, in its annual report for ' the period ended July 28, shows a profit of £28,306. A dividend of 10 per cent, and ft bonus of 10 per cent, including interim dividend and bonus, account for £27,722, and £584 is carried to reserve. Capital amounts to £138,610, and there is a reserve of £5163. Cane treated last year was 70,209 tons, and this ' year it is .expected that 80,000 tons will be crushed. .