COMMERCIAL.

New Zealand Herald, Volume LXII, Issue 19086, 3 August 1925, Page 7

COMMERCIAL.

THE LONDON MARKETS, FROZEN MEAT. Australian and N.Z. Cablo Association. (Kecd. 5.G p.m.) ' LONDON, Aug. 1. Sheep. Canterbury, medium, 7£d; Argentine, light 6|d; ewes s£d. Lambs. Canterbury, light 113 d; medium heavy 9|d; other selecteds, light ll|d, medium North Island, firsts llAd, seconds, Hid; Argentine, firsts, medium 9d; Patagonian, firsts lOjjd. Frozen Beef.—Now Zealand, fores 3£d; Australian, fores 3|d; Argentine, fores 3gd: hinds, 6id; Uruguay, fores 3Jtd. Chilled Beet.—Argentine, fores 4£d; hinds, Uruguay, fores 3j}d; hinds, 6Jd others unchanged. COTTON, RUBBER, HEMP. s (Last week's quotations in parentheses.) Cotton. —September delivery, 12.85 d (13.30 d, August) per lb. Rubber.—Para, 50d (52d) per lb.; plantation, 44d (52d to 50Jjd); smoked, 45d to 46d (53id to 52d). Jute.—August shipments, £43 12s 6d (£43 10s) per ton. Hemp.—July-August shipment!!, £3B (£3B) per ton. Copra.—.July-August shipments, £29 17s 6d (£29 15s) per ton. Linseed Oil.—£4l 10s (£4l ss) per ton. Turpontine. —67s 9d (o6s 3d) per cwt. Antimony.—English, £74 10s (£74 10s to £BS) per ton; foreign, £64 10s to £65 10s (£65). CHICAGO WHEAT MARKET. Australian and N.Z. Cable Association. CRecd. 5.5 p.m.) CHICAGO, Aug. 1. Wheit.—May, 1 dollar 57 cents per bushel: September, 1 dollar 53J cents; December, 1 dollar 54 cents. LONDON'S MEAT SUPPLY. ORIGIN AND PROPORTIONS. The New Zealand Meat Producers' Board has beon advised by its London manager that tho supply of meat and liko produce to tho London Central Markets during the five months ended May aggregated 193,703 tons, as against 203,019 tons in the same period last year, a decrease of 9316 tons. Imported supplies, part from produce originating in Ireland, formed 81.2 per cent, of tho total quantity of produce marketed. British and Irish supplies aggregated 36,393 tons, or 18.8 per cent, of tho total supply,-New Zealand and Australia 33,999 tons, or 17.6 per cent., Argentina 90,729 tons, or 46.8 per cent., ana tho Netherlands and other foreign countries 32,582 tons, or 16.8 per cent. The following are the shipments to tho United Kingdom for the fortnight ended July 23 from Argentine and Uruguay;— 175,656 quarters chilled beef, 16,571 quarterns frozen beef, 77,388 carcases frozen mutton, 108,750 carcases frozen lamb. The quantity shipped to the Continent of Europo during the same period totalled: 80,964 quarters frozen beef, 5647 carcases frozen mutton. AUSTRALIA'S PUBLIC DEBT. A TOTAL OF £1,000,000,000 With tho floating of a new Australian loan of £20,000,000 in the United States and Great Britain the total indebtedness of the Commonwealth and the States approaches the mammoth total of £1,000,000,000. Of this sum the Commonwealth's share is a little more than £400,000,000, and that of the States a little less than £600,000,000. That this large debt is no remote and inconsequential a thing, says the Melbourne Argus, becomes apparent when tho anuual interest bill of nearly £50,000,000 has to bo met, or one or more of tho loans fall due. FAT LAMB EXPORT. NEW SOUTH WALES MOVEMENT. At a recent meeting of the Chamber of Commerce at Molong, N.S.W., the president, Mr. F. A Bamford, said that tho suggestion had been made that breeders of fat lambs should unite in arranging, during tho coming spring, for tho direct export of a consignment of fat lambs to the London market. It was desired that such consignment should consist of at least 1000 lambs, and already several district breeders had expressed their willingness to participate. The president of tho Australian Meat Council had stated that that body would also assist in every way possible in tho undertaking, would have the lambs slaughtered in Sydney, and tho pelts and by-products disposed of, and arrange for the conveyance of the carcases to England, and their disposal in London. 'lt was notorious that at the present time Australian fat lambs were ticketed and sold in tho London market as of New Zealand production, said Mr. Bamford. New. South Wales produced lamb and mutton of a quality that would compare very favourably with that of any other country, and it should be sold in London under its own name, and by merit make its own reputation. PEDIGREE JERSEY SALE. THE ROSY CREEK OFFERING. , Messrs. R. P. Morrissoy and Co. and [Wright, Stephenson and Co., conducted 1 the eighth annual sale of Rosy Creek Jersey heifers and bulls on account of Messrs. A. and J. O'Donnell at Hawera I last week. The attendance from outside districts was good, but tho sale was only moderately successful, prices generally being in keeping with those obtained at tho majority of sale 3 hold in Taranaki during the past fow* months. The only I keenness shown in the bidding was when those animals bred from the best proven butter-fat lines were offered. Tho top price of 77gns. was paid for Viola's Golden Peace, whose dam, Perfection oi Rosy Creek, produced 5751b, , butter-fat as a junior two-year-old. Tho i purchaser of this hoifer wias Mr. D. Johnstone, Awauui, MangonuS. She has every evidetico of being a heavy producer, and her three nearest dams all have C.O.R. records which average together approximately 6201b. butter-fat. Two other of tho heifers realised over 40 guineas. Mr. E. Brodcrick, Wanganui, paid 42gns. for a daughter of Princess of Rosy Creek, which made a record of 5541b. fat as a junior two-year-old. Mr. Johnstone, who also purchased Lady Zola at 43gns., must have secured tho bargain of the sale, for this heifer is out of tno same dam as the i gold medallist, Zola of Rosv Creek, 7411b. butter-fat as a - junior three-year-old, and her siro is Caius, who is out of the samo dam as Sultan's Daisy, 9681b. fat. Mr. Robertson, of Messrs. Wright, Stephenson and Co., Ltd., acted as buying agent for Mr. Johnstone. Other purchasers of heifers were:— MesSrs. A. Hall, Wanganui; J. Murray, Woodville; Major E. Burke, Inaha; James Bourke, Waverley; D. H. Kilgour, Kiwitea, Feilding; and M. McAloon, Hawera. Mr. B. Sandilands, of Feilding, secured the top price bull, Rosy Creek Viola's Noble, _at 46gns. The dam of this bull, Perfection of Rosy Creek, was the winner of the First Taranaki Oaks, and produced 6501b. fat as a junior two-year-old. Mr. A. Duke, Wangaehu, secured tho two-year-old bull Lord Caius for 40gns. This bull is from the samo family as Zola of Rosy Creek, and his own dam produced 5281 d. fat under test. The bulls were all exceptionally well bred for butter-fat production, and aihough a majority of tnem were grandsons of Viola's Golden Laddie, the averago price paid "was only 28£gns. Others were secured by Messrs. A. Hooper, Waverley, A. McCracken and G. H. Butler, Manaia, Mr. Hooper securing tho larger proportion. At last year's sale the heiferß averaged over 44gns. and tho bulls 20gns.

AUCKLAND COMPANIES. FIVE NEW REGISTRATIONS. Three private companies and two public companies were registered in Auckland last week. Particulars are as follow: Private. The Checker Taxi Cab Company, Ltd., taxi proprietors and general carriers. Capital, £20,000. Subscribers: A. E. Parker, J. R Freeman and H. Deverall, 1400 shares each; R. A. Graham, 4000 shares; T. J. Spry, 6000 shares; J. W. Kealy, 5800 snares. Keegan, Heiighway and Sharp, Ltd., timber merchants and dealers. Capital, £4OOO. Subscribers: J. H. Keegan, R. P. Heighway and T. R. Sharp, 1133 shares each; W. JM. Keegan and I. M. Sharp, 200 shares each; E. J. Heighway, 201 snares. Thorburn and Ltd., drapers. Capital, £BOOO. Subscribers, H. Thorburn and T. A. Montgomery, 2800 shares each; H, J. Curtis, 200 shares; B. G. Bond, W. G, Dignan, D. R. C. Mowbray, E. Sullivan, E. Bromwich, A. M. Delaney, M. Cucksey, A. Moody, C. O. Montgomery, A. N. McKelvey, A. J. Mitchell, M. Reid, I. Black, E. Keesing, W. J. Arnold, P. E. Williams, Ellon Frost, D. Stewart, F. Howes, A. J. Woods, R. Hardy and W. Derham, 100 shares each. Public. Pacifio Forests, Ltd., to plant fastgrowing forest timber. Capital, £250,000. Shareholders: W. H. Horton, W. Duncan E. Foster. B. P. Cahill, F. H. Burbush and W. 0. Rinrr 200 shares each. Davis Consolidated, Ltd., financiers. Capital, £150,000. Shareholders: Eliot B" P a X* s > Gribbin, Stella M. Davis, P. J. J. Dawson, T. M. Davis, O. Nicholson, Mollie M Smith, one sharo each. BLACKWATER MINES. DIVIDEND RECOMMENDED. £BY TELEGRAPH.—PRESS ASSOCIATION.] REEFTON. Saturday. Tho Blackwater Mines Company's London office havo advised that the annual meeting will be held on August 5 when the directora will recommend the payment of a dividend of 1b a share free of tax. CHEAPER ELECTRICITY, REDUCTION IN SYDNEY. Power and lighting charges by tho Sydnoy Electric Light and Power Supply Corporation are being reduced bv about 10 per cent, from August 1. fhe new rates will be: Lighting, fiat rate, 4sd per unit ,or by maximum demand, 5-Jd for first hour and 2£d for all in excess; power, Ifd per unit. Consumers in several suburbs will benefit by tho reduction, which the company estimates will amount to £IO,OOO a year. KING COUNTRY STOCK SALES. Messrs. Abraham and Williams, Ltd., report:—".During the week we held a clearing sale of dairy stock at Te Kuiti in conjunction with the Farmers' Co-op. Auctioneering Co., on account of Messrs. G. P. Fin]ay and Co., there being a good inquiry for everything offered. In conjunction with Messrs. Wright, Stephenson and Co. we conducted the dispersal sale of Mr. R. M. Somerville's pedigree Ayrshires. There was a representative attendance of fanciers of the breed and a successful sale, which will be reported on -in detail. Wo also held our ordinary sale, when good entries of sheep and cattle came forward, everything being sold. Sheep prices were on a par with the recent sale, but the demand for all classes of cattle showed an upward tendency."