COMMERCIAL.

New Zealand Herald, Volume LXI, Issue 18889, 11 December 1924, Page 7

COMMERCIAL.

LONDON MARKETS. BUTTER AND CHEESE PRICES.

\ ' The Department of Agriculture has received the following cablegram, dated December 6, from the High Commissioner for New Zealand, London:— Butter.—The market is slow with the tendency easier. Germany continues to buy large Quantities of Danish. Official quotations are:—New Zealand: Finest, salted, December 6, 2025, 2045, up to 20Gs per cwt.; November 29, 208s to 2125; November 22. 204s to 20Ga; unsalted, December 6, 214s to 2165; November .29. 218s to 220 a: other qualities, December 6, 170s to 1945. Australian: Finest, salted, December 6, 190s, 1925, up to 1945; November 29, 192s to 19Gs; November 22. 184s to lS8s; tinsalted, December 6, 190s to 19Ss; November 29, 194s to 198s; November 22, 188s to 1945; other qualities, December 6, salted, 160s to 186s; unsalted, 166s jto 186s. Argentine: December 6, 174s to J 180s; November 29, 176s to 180s; November 22, 176s to 182s; other qualities, Deccm- ! ber G, lG4s to 1725. Canadian: Creamery, i December G. 184s to 188s; November 29, J 176s to 188s; November 22. 174s to 186s. ! Danish: December 6, 232s to 2345; November i 29 238s to 240 a; November 22, 218s to 2225. Cheese.—There is a somewhat better demand. Official quotations are; English, ; Finest farmers', firm. December G, 116s to ! 120s per cwt.; November 29, do.; November 22, do. Canadian: December 6, coloured and white, 93s to 965; November 29, coloured 93s to 965, white 94a to 9Gs; November 22, coloured and white 93s to »6b. New Zealand: December 6, coloured, new season's, 925; white, new season's, 92s to 935: coloured and white, old season's, 93s to 91s; November 29, coloured and white, new 90s to 91s, old 92a to 945; November 22; coloured and white, new 90s to 91s. old 92s io 945. Aus- : trahan: Market steady. Dece ivber 6, coloured, 90s; November 29, cokured. 80s to 88s; November 22, coloured, 88s to 90s. The estimated stocks of cheese on December 1, at London, Liverpool and Bristol were:— Canadian and American, 209,600 boxes; New Zealand and Australian, 33,170 crates; against 132,700 boxes and 13.100 crates respectively for same time last year. Casein.—French "rennet. £51 per ton. Hemp.—Manila market firm and active during this week, but closed quiet. "J" \ grade December-February shipments sold at ; £56 to £56 10s, but to-day's value, £56. i New Zealand market quiet. Small business has been done in highpoints. Decemter- , February shipments, at £43 10s. Today's quotations are: Highpoints, £44; fair, De-cember-February shipments, £42. Wool.—Demand continues brisk, with New Zealand wool selling well, chiefly to Bradford. •_ Good support from Continent and America, and opening prices fully mainI tained. 1 Tallow.—Market quiet. Present quotnI tioii3 are:—Mutton, fine, 53s to 53s 6d per I cwt.; fair to good, 49s 6d to 525; dark "to j dull. 46s to 47s Gd. Beef. Sweet and/or | mixed. 51s to 535; fair to good, 48s to 50s; I dark to dull, 44s Gd to 46s Gd. Mixed: Fair ! to good, 47s Gd to 50s; dark to dull, 44a Gd to 46s Gd; gut, etc.. 41s to 465. j Peas.—Blue marrowfats: Japanese now I making £24 10s per ton, c.i.f., December- ! January shipments, after reaching £26; Tasmanian "A" grade, sold at £21 to £22, c.i.f. J New Zealand, ex store, worth about £18 to i £20. . Maple: market alow. Tasmanian spot | quoted at 80s to 87s Gd per 5041b. sellers, | and February-April shipments 72s to 755. Taere are reported sales in new crops at 74s ! 6d. New Zealand No. 1 Partridge, slow sale for spot, at 70s to 77s Gd. Buyers indicate 65s to 70s for new crop, for shipment early next year. English: Goo'd supply on hand, offering at 50s to 00s. Beans.—English are plentiful at 53s to 62s per 5321b. Danish Cocksfoot.—London quotations at present are about 82s to 95s per cwt. Eggs.—Trade slow. English, Irish, Danish, Dutch, and Belgian, 24s to 29s per long 100; Italian, Australian and South African, 21b to 245; .Argentine, Russian, Syrian, lGs 9d to 20s: Egyptian, 12s to 13s 3d; New Zealand. 25s to 2Gs. A shipment of New Zealand produce arrived this week, per s.s. Mamari.

ORIENT S. N. COMPANY. ■■ •■ THE USUAL DIVIDEND. Australian and N.Z. Cable Association. (Reed. 5.5 p.m.) LONDON. Dec. 9. The report of the Orient Steam Navigation Company for the year ended June 30, shows a working profit of £359,642, after providing for depreciation. The managers propose to pay a dividend of 12J per cent., free of tax, on the deferred shares; to transfer £150.000 to the reserve; and to carry forward £64,929. The company's working profit was £275,01G in 1921-22, and £279,964 last year. In the former year, £100,000 was transferred to the general reserve; last year, £100,000 was added to the reserve, and £25,000 to the underwriting account. The dividend was 12J per cent, in both years. CHICAGO WHEAT PRICES. Australian and N.Z. Cable Association. (Reed 9.5 p.mj " CHICAGO, Dec. 9. Wheat. —December, 1 dollar GOJcents; May, 1 dollar Goi cents; July, 1 dollar 4G£ cents. THE PRICE OF GOLD. Australian and N.Z. Cable Association. (Reed. 5.5 p.m.) LONDON, Dec. 9. The price of gold to-day is 88s 5d per oz., compared with 88s 8d yesterday. LONDON WHEAT MARKET. Australian and N.Z. Cable Association. (Reed. 7.5 p.m.) LONDON, Dec. 9. Wheat.—-Cargoes firmed Gd to Is. There was fairly good irfquiry for distant loadings. The Madras City cargo sold at 645. Parcels were steady and advanced 3d to Gd. Parcels by the Ceramic realised 645; by the Saikohmaru at G4s ,3d to 64s Gd; and by an un-named vessel in December at 64s Gd. Liverpool futures: December, 123 Bid; March.' 12s lOd; May, 12s 9Jd- , t . LONDON BUTTER PRICES. Daigety and Company, Ltd., are in receipt of the following catle from their head office, London, under date .December B:—Butter: Since our last cablegram exceptional brands are 2s lower. Ordinary are unchanged at 202s to 2045.

AUCTION SALE. Smith and Halcombe, Ltd., will sell under instructions from the New Zealand Acetyline and Hardware, Ltd., on the premises in Fanshaw Street, at 2 p.m., to-day, office furniture, builders' requisites, including 300 rolls of malthoid 7500 ft. of amiwood, lamps, wrenches, spanners, gas rings, lamp shades, wire netting, store trolleys, etc., and numerous sundries, without reserve.

STOCK SALES,

AUCKLAND,

Dalgety and Company, Ltd., report bavins held their usual weekly sale of fat stock at Weslfield yesterday a~ follow:—-Beef: Thoro was a heavy yarding of good quality cattle. Prices remained firrvi at late quotations, values showing an advance toward the end of the sale. We qut-!;o: Extra choice ox, 34a per 1001b.; choice and prime, 29s to 335; other, 23s to 28s; prime young cow and heifer beef sold from 2Gs to 30s; other, 20s to 255. Sheep: There was a short market. Prices for prime sheep showed a good advance. Heavy prime wethers made from 38s to 39s Cd; medium prime, 35s 6d to 37s Cd; light and unfinished. 31s to 355; best heavy prime ewes made 32a Cd to 35a Gd: medium. 30a to 325; light 26s to 295. Lambs were penned in small numbers, and met with a ready sale. Best heavy prime brought 859 to 37b; medium prime, 31a to 345; light, 27s to 30s; others, 22s to 265. Pigß: A medium yarding sold at late rates. Heavy and medium baconers brought £2 16s to £3 6s; light baconers and heavy porkers, £2 10s to £2 15s; medium and light porkers, £2 Is to £2 9s. Calves: A large market. Competition was steady throughout, with prices firm at late quotations. Runners brought ±'3 5s to £4 10s; heavy vealeni, £2 18 ato £3 8a; medium vealera, £2 Gs to £2 15s; light, £1 12s to £2 4s; small, 18s to £1 10s,

Alfred Bucldand and Sons, Ltd., report: —During tho week wo held sales at Westfield. Wellsford, Maungaturoto, Kaiwaka, Kumou, Helensville. Tuakau and Waiuku. All classes of cattle were in good demand at values equal to last report. Yesterday at our weekly Wostfield fat stock market, we penned beef to the number of 681, comprising 462 steers, 212 cows ind heifers and seven bulls. There was a keen demand for ox beef, and values improved as the salo progressed. Cow and heifer beef, if anything, were slightly easier. Extra choice ox sol*' to £1 I4s per 1001b: choice and prime ox, £1 10s to £1 13s; ordinary and plain ox, £1 6s to £1 9s- prime young cow and heifer beef, £1 5a to £1 10s: ordinary -cow beef, £1 to £1 4a 6d; rough beef. 13b to £1; extra heavy Prune steers ranged. in price from £14 to £14 15a- heavy prime steers, £12 12s Gd to £13 17s Gd- lighter prime steers, £10 10a to £11! 10s'i light prime steers, £8 15s to £10 5s- unfinished and small, £6 10a to £8 10s; extra heavy prime young cows and heifers, £8 to £9 :15s; heavy prime young cows and heifers. £(! 12a 6d to £1 15s: lighter, £5 to £6 10s: other cows, £2 to £4 17a Gd: bulls. £2 2a 6d to 45,5. Les» than an average

yarding of fat steep sold under keen competition at increased values. Heavy prime wetheni brought from £1 17s 9d to £2; mediura to heavy prime wethers. £1 16s to £1 17s 3d; other -wethers, £1 lis to £1 15s 6d; heavy prime ewes, £1 15s to i£l 17s Sid lighter prime ewes, £1 10s to £1 14s; other ewes, £1 8s 3d to £1 9s 6d; 105 < penned. Best lambs brought from £1 13s 6d to £1 16s 6d: others. £1 2s 6d to iEJ. 12s 6d (80 sold). Fat and young calves, ivere penned in large numbers The Quality throughout was much above the average, but owing to the heavy yarding, value:* were much easier. Runners made up 'to £i 16s; heavy vealers brought from £2 10b to £3 ss; medium vealers. £1 16s to £2 14s: light vealers, £1 5s to £1 14s- small and fresh-dropped. 3s to 19s (391 sold). Hardly an average yarding of pigs came forward. Bidding was not spirited and prices for all classes were again lower. No extra heavy baconers were penned. Heavy baconers brought up to £2 13s : light and mediura. £'l 12s to £2 15s-; heavy porkers, £2 10s to £2 14s : light and medium. £2 6s to £2 9s -. small porkers, £1 18s to £2 4s. The few store pigs realised high values. Good-conditioned brought up to £2; large stores, £1 14s toi 451 18s; weaners also sold readily (275 sold).

The New Zealand Loan and Mercantile Agency Company, Ltd., report:—We held sales during the past week at Ngatea, westfield and Pukekobe, all classes of cattle selling at late quotations. Best dairy cows and heifers brought £9 to £13; others, £o to £8 15s; aged cows and inferior heifers, £2 to £4 15s; bulls, £3 to £9 9s, according to weight and quality; empty cows, £2 to £3 17s Gd; yearling to 18-months heifers, best £3 to £4 ss, others £1 5s to £2 15s; yearling to 18-months steers, £2 5s to £3 15s; 2 to 2i-year ateers. £3 17s Gd to £4 15s; 3 to 3*-year steers. £5 to £5 17s Gd; 4 to 4J-year steers, £6 to £6 17s Gd; grown steers in forward condition, £7 to £7 15a; beef at fully Westfield. quotations. At Westfield fat stock market on Wednesday, beef was penned in large numbers, competition being steady throughout, with values on a par with last week's sale. Extra choice ox sold to 34s per 1001b.; choice and prime ox, 28s to 33s per 1001b.; plain and ordinary ox, 22s to 27s per 100lb.; prime young cow and heifer beef, 25s to 30s per 1001b.; ordinary cow beef, 20s to 24s per 1001b.; rough beef, 12s to 19s per 1001b. Heavy prime steers sold at from £12. 17s Gd to £14 15s; lighter prime steers, £10 to £12 15s; light prime ateers, £8 to £9 17s Gd; unfinished and small, £G 10s to £7 17s Gd; heavy prime cows and heifers, £8 to £8 17s Gd; lighter prime cows and heifers, £6 10s to £7 17s Gd; light prime cows and heifers, £4 10s to £6 ss; other cows, £2 to £4 ss; bulls, £2 10s to £9 2s Gd. Calves were penned in large numbers, and sold under keen competition at late quotations. Runners brought £3 5s to £5; heavy vealers, £3 10s to £4 3s; medium vealers. £2 10s to £3 8s; light vealers, £1 10s to £2 2s; smaller", £1 to £1 8s; small and fresh dropped, 3s to 15s; rough calves, £1 5s to 12s. Pigs were penned in large numbers, and were dull of salo, prices being at last week's quotations. Choppers brought £2 to £3; heavy and medium tnconers, £3 2s to £3 6s; light baconers and medium porkers, £2 14s to £3; light porkers, £2 6s to £2 12s. Store pigs came forward in more than average numbers, prices declining on last week's quotations. Large stores brought £1 163 to £2 2s; slips, £1 8s to £1 15s; weaners. 12s to £1 Gs. Sheep were penned in average numbers. Competition was very keen and we report a sharp rise of 2s to 3s per head. Heavy prime wethers, brought £1 17b Gd to £1 19s Gd; medium prime wethers. £1 15s Gd to £1 17s 3d; light prime wethers, £1 14s to 4!k.15s 3d; small and unfinished, £1 10s tj} £1 13s 9d; heavy prime ewes, £1 15s Gd to £1 17s Gd; medium prime ewes, £1 12s 3d to £1 15s 3d; light prime ewes, £1 8s Gd to £1 12s; unfinished ewes, £1 83 to £1 Bs. Lambs were penned in average numbers, and sold under keen competition at advanced rates. Heavy prime lambs brought £1 16s Gd to £1 18s 9d; medium prime lambs, £1 13s to £1 15s Gd; light prime lambs, £1 8s to £1 12a Gd.

HAMILTON. , The Farmers' Co-operative Auctioneering Company, Ltd., report:—At Frankton, on Tuesday, we held our weekly stock sale and had a good ertry of fat sheep, a fair entry of beef, a good entry of store cattle, and a good yarding of fat and store pigs. Both beef and mutton were firm, and prices were a little better than tho previous week. Store cattle were in demand, especially store cows. Fat pigs and porkers were on a par with last week's and store pigs were about the same. We quitted the whole of our entry at the following prices:—Prime heavy fat ewes, 345; lighter, 30s 9d; aged fat ewea, 29s 3d; prime fat lambs, 35s to £2 6s; fat and forward wethers, 34s to 355; light fat steers, £10 2s Gd to £10 7s Gd; light fat steers, £9 15s; forward steers, £3 2p 6d; fat cows, £7 4s to £8 10s; light, £5 lis to £6 18s; good prime and young store 'cows, £4 12s; others. £3 4s to £3 12s; cows with calves, £4 5s to £4 10s; 15-months heifers, 38s to £2 7.3 6d: prime heavy baconers, £3 6s to £3 8s; lighter, £3 to £3 3s; best porkers, £2 lGs to £2 18s; others, £2 8s to £2 12s; weaners. 23s to 265; small, 15s to 18s; good.slips, 33s to 355. The New Zealand Loan and Mercantile Agency Company, Ltd., Hamilton, report: — At Hamilton sale, on Tuesday, there was an average yarding of fat and store cattle. Beef sold at improved prices, and there was keen competition for store cows. No steers were penned, and yearling heifers were, as usual, dull of sale. A medium entry of sheep changed hands under spirited bidding. ■We quote:—Fat lambs, £1 10s 6d to £1 12a 6d; light fat ewes, £1 9s 6d; aged shorn ewes and lambs, £1 13s Gd; fa* cows, £7 4s to £9 13s; lighter cows, £G 5s to £G 15s; cows in fresh condition, £3 to £3 17s: forward cows. £4 to £4 15s; store cows, £2 4s to £2 _15s; 15-months Jersey heifers, £4 7s Gd. Pigs: There was a large yarding of both fat and store, pigs, and prices were easier. Heavy baconers brought £3 2s to £3 98; medium haccners and heavy porkers, £2 12s to £3; light porkers. £2 3s to £2 lischoppers, £2 15s to £3 ss; good slips. £1 6s to £1 10s; good weaners, 183 to £1 3s; others, 12s to 153

ADDINGTON. [BY TELEGRAPH. —PRESS ASSOCIATION.] CHRISTCHURCH. Wednesday. At the Addington market to-day there was a slight easing in the values of fat stock generally. Store Sheep.—A fair entry consisting mostly of wethers.. Forward four and'sixtooth wethers made 35s Gd to 37s Gd; four, six and eight-toothed wethers, 29s 3d t;o 33s 3d; two and four-toothed woolly wethers, 4Gs; four, six and eight-toothed woolly wethers, 443 to 46s 6d; cull woolly wethers, 29s sd; two-toothed wethers, 27s 6d to 325; two-toothed threequarter-bred ewes, 31s lid to 355; aged woolly ewes and lambs, 25s lid; aged shorn ewes and ln-mbs. 22s 9d. Fat Lambs.—l4so head were yarded. The auality generally was. good. Competition was keen although prices -Mfere lower than last week. Piixe lambs B.veraeed 13d per lb.; extra prirre, 45s 6d; prime. 42s to 455; medium, 39s to 41s; light. 36s to 38s Gd; inferior, 32s 3(*. Fat Shep.—Extra prime wethers, 49s 6d; prime, 44s Gd to <i7s 6d; medium, 39s to 445 ; light, 33s 6d i;o 38s 6d; extra prime ewes. 45s 9d; prime, 10ei to 425; medium, 33s Gd to 395; light and inferior, 30s to 335. Fat Cattle.—6o,'i head were forwarded as against 400 la«t week. Except for handy shop weights there was a falling off in values to the extent of £1 a head. Extra prime steeni made up to 43s per 1001b.; prime medium vreighta. 37s to 40s: prime heavy •'weights. 35s to 36s 6d; medium, 31s to 335; light, 27s Gd to -30s, and rough down to 20s. Extra prime steers sold at £19 12s Gd; prime. £15 to £17: medium. £12 to £14 15s; light, £9 to £11 10s: plain and unfinished, £7 to £8 15s; prime cows. £8 10s to £12; medium, £5 15s to £8; aged and inferior, £3 to £5 ss; extra' prime heifers, £14 12s Gd: prime. £9 10s; ordinary, £5 15s to £9: light. £3 15s to £5 10s. Vealers.—Another large entry was forward including a lot of inferior stuff. Runners made to £6 15k; good vealers. £3 to £5 10s: good calvers. £1 15s to £2 10s; small carvers, 15s to £1 6s. Store Cattle.—A full yarding was penned mostly of nondescript sorts. Prices generally were in advance of lato rates. Dairy Cattle.—An entry of 58. The bulk of the yarding were nondescript sorts. Best second and third and fourth calvers. springing, made £6 to £7 ss; medium, £4 to £5 10s: best springing heifers. £4 to £6 10s- medium, £2 10s to £3 10s; old cows and backward calvers, £2 to £3 10s. Fat Pigs.-Chopporß. £3 to £5 10s; light baconers, £3 15s; heavy baconers to _ £4. Average price per lb., Gd to 6Jd. porkers, £2 8s to £2 12s; heavy porkers, £3. Average price per lb.. Gjd to <ja. Store Pigs,—A good entry met a satisfactory demand. We" Tiers 20s to 23s Gd: better sorts to 275; small stores. 28s to 355; medium. 37s to 425.