COMMERCIAL.

New Zealand Herald, Volume LXI, Issue 18630, 11 February 1924, Page 5

COMMERCIAL.

THE LONDON MARKETS. Australian and N.Z. Cable Association. (Reed. 5.5 p.m.) LONDON. Feb. 9. , FROZEN MEAT. , ; Sheep.—New Zealand ewes, Cjd: Australian, firsts 6!d. seconds 6Jd. ewes 6 3-8 d: Argentine, medium 7id, heavy Old, ©wee 6id. Lambs.—Canterbury, light 10id, medium lOd, heavy fid, seconds not offering; North Island, firsts 9id, seconds not offer Victorian, firsts 10 l-Bd. second 9 5-Bd.; Argentine, firsts, light 10id. -■' .. , ■• ■ Frozen Beef.—Australian . hinds, 4 Argentine hinds, 4Jd; Uruguay hinds, did. Chilled Beef.Argentine, fores 8 7-Bd, hinds 6 3-8 d; Uruguay, fores Sid, hinds 4{d, others unchanged. HEMP. COPRA. RUBBER. ETC. (Last week's prices in parentheses.) Cotton.—March. 19.12 d U9.40d). Rubber.—Para, 12d (12id) ; plantation and smoked. 13 7-8 d and 14d (same). Jut*.January-February. £25 12a fld (£36). Hemp.—January-March, £35 (same). Linseed Oil.— £50 10s to £51 (£46). Turpentine.— £3 17b 9d (£4). . MEAT BOARD'S QUOTATIONS. PRICES AT SMITHFIEI.D. [B* TBLEGBAI»H. —PBES3 ASSOCIATION.] WELLINGTON. Saturday. The New Zealand Meat Producers' Board has received the following cablegram from its London office, dated February 8. advising that Smithfield " delivered " prices at that date were as follow:— New Zealand Wethers and Maidens.— Canterbury quality: Selected brands. 6Glb. and under, 67 to 641b., 65 to 721b.. not quoted; ether brands, 561b. and under, BJd per lb.; 57 to C4lb.. 8d; 65 to 721b.. 7Jd. New Zealand Ewes.— 64lb. and, under, 6Jd. New Zealand Old Season's <l-unb.—Can-terbury quality 86lb. and under, iOldi 871b. to 421b., lOd; 43 to 501b.. 9d; seconds, not quoted; selected brands, 361b. and under, lOd: 87 to 421b.. 9Jd: other brands, first quality, 421b. and under, 9|d; seconds, not quoted. New Zealand —Not quoted. Argentine.Chilled beef: Ox fores, 3Jd; hinds, 3|d. Frozen beef: Ox fores, 4d; hinds, 4}d », The mutton market is quiet and steady. THE HIDE MARKET. ANIMATION IN MELBOURNE. A. and N.Z. MELBOURNE. Fob. 9. The hide market is very animated. Values have advanced a full farthing. Mediums, heavies, and other grades are unchanged. GOODS FROM GERMANY. ASSESSING "CUSTOMS DUTY. A statement of the practice that will be followed by the Customs Department in assessing duty on German, Aurtrian and Hungarian goods is published in the Gazette. It is bailed upon a similar notification published last May with various amendments, and will come into force on May 7. The regulations are divided into two parts, the first relating to transactions in English currency. The provision in respect of direct importations from the three countries i" retained without alteration. In case of indirect importations, the present regulations determine a. speoial basis of assessment of goods imported through the United Kingdom, the United States and Australia. The new regulations omit the reference to the United States, so that the, basis of valuation in defined only foi; goods imported from the United Kingdom or Australia. The provision for importations through any other country, which now includes the United States, is simply that the value will be determined by the Minister. Under the present regulations, notice of any changes in the basis of taxation or in the list of goods subject to depreciated currenoy duty is to be not less than three months. The Minister ihas now decided changes in respect of the special duty will be subject to three months' notico when New Zealand industries are concerned and six months' notice, though none will be effective before January 1 next, where they concern industries in Britain or any other British Dominion. Generally, no articles will be removed from the list of Roods subject to depreciated currency duty and the rate now charged will not bo reduced except after at least three months' notice. There are now provisions in respect to transactions not in English currency and ft warning is given that delivery of such goods may be delayed.

NEW ZEALAND LAMB. [BY TELEGRAPH.PRESS ASSOCIATION. WELLINGTON. Saturday. The New Zealand Meat Producer*' Board in its communique of February 7. advised that the new season's lamb shipped by the Tainui, Bemuera, and lonic . realised 12d to l_}d per lb. on the Smithfield market The quantities of lamb shown as being Bkipped in these vessels also include old seasons lamb. The prices of 12d to 12»d per lb. apply to the new season's lamb only. The respective number of lambs shipped were: Bld8 Id season's lamb: Tainui, 35.125 carcases; emuera, 8216 carcases; lomo. nil. New season's lamb: Tainui. 413 carcases: Rsmuera, 760 carcases; lonio, 4713 carcases. ( PROPERTY SALES. Miles J. Cassidy sold by auction last Wednesday, in hie rooms. Mr. N. W. Lockyers* 4-roomed bungalow, Mount Albert Hood, the purchaser being Mr. A. W. Crawford, Two sections, also a cottage, at Milford, offered at the same time, failed to reach the owners' reserves. »