COMMERCIAL.

New Zealand Herald, Volume LXII, Issue 19141, 6 October 1925, Page 7

COMMERCIAL.

DAIRY PRODUCE KISE. BUTTER SELLING AT 2385. RETAIL PRICE 2s 2u A POUND. [BY TELEGRAPH.—OWN CORRESPONDENT. 3 HAMILTON. Monday. A marked improvement in the prices for dairy produce on the London market is reported in the weekly cable received to-day by the New Zealand Co-operative Dairy Company, Limited, from its London manager, Mr. J. B. Wright, who states: —Anchor butter is selling at 2365, unsalted 2305, Danish 2375. The market "is strong. Very little of the choicest butter is available. The German import tariff is operating and has resulted in sales of Danish butter to Germany being reduced this week. Canadian butter is selling at 220s o.i.f. The retail prices are: New Zealand, 2s 2d; Danish, 2s 3d. Cheese; White and coloured, 118s; Canadian, 120s c.i.f. A further advance in the price of cheese is probable. AUSTRALIAN MEAT TRADE. A CRISIS THREATENED. EFFECT OF SEAMEN'S STRIKE. A serious outlook confronts the Australian meat industry owing to the dislocation of sailings of British vessels that are specially designed for the carriage of frozen produce and that cannot be replaced by any other type of steamer. Unless a prompt settlement of the shipping strike is effected, says the Sydnes Morning Herald, meat works throughout Australia will be compelled to close dow», and if this occurs they may not reopen until next year. At Gladstone the nveat works have been closed down already, and other meat works are likely to fallow in a few days. Many thousands of men may be thrown out of employment, those affected including meat work employees and slaughterers, carters, cold store staffs, fellmongers, waterside workers arid spainen on coastal vessels. The losses which may be sustained 'by pastoralists at what is the busiest period of the meat export season will pass without possibility of recovery. Refrigerated tonnage for the conveyance of Australian meat to Great Bmtain and Continental ports is almost eimrely provided by the British shipping, now idle in various ports. The new meat export season began this month, and as ft lasts only a few months, each day that is now lost is very valuable. In New South Wales alone 1400 trucks have been ordered for the carriage during the next week ol 140,000 sheep and lambs to market. Without an outlet every cold store will be congested and killing" for export will stop. In this event the whole of the meat works killing for export will be idle, and the movement of stock from country districts over the huge tract of country from the Gulf to Sydney will have to cease. Besides the losses sustained through missing markets, pastoralists are faced with the prospect of paying agist- | ment fees for stranded stock. * Owing to ! the impossibilty of forecasting delivery : owing to the strike, all forward business is at a standstill and cable business is negligible. AUCKLAND COMPANIES. TWO NEW REGISTRATIONS. Two private companies were registered in Auckland yesterday. Details are as follow: Corrugette, Ltd., manufacturers of corrugated and other sheet iron. Capital, £1275. Subscribers: E. C. Day and M. Mailing, 300 shares each; P. H. Watt, 325; L. R. Grecnslade, 350. The Waimapu Sawmilling Company, Ltd., sawmtllers, timber merchants and I builders, etc. Capital, £4BOO in £lO shares. Subscribers; A. (.'. Hardy, F. | M. Mullions and J, V, Pemberton, 160 shares each. SHARP RISE IN BEEF. PRICES AT MORRINSYILLE. [BY TELKOUAPH. —OWN CORRESPONDENT. ] HAMILTON, Monday. There has been a sharp rise in the price of beef in the Waikato lately and the indications are that these high prices will bo maintained for a further month oi six weeks. At the Morrinsville sale on Friday 114 fat bullocks were sold at prices ranging from £l7 to £24 ss. One line realised £24 5s and another £23 12s 6d a head. THE MEAT MARKET. PRICES AT SMITH FIELD. The New Zealand Meat Producers' Board has received the following cablegram from its London office dated October 2, advising Smithfield delivered prices at that date as follows: New Zealand Wethers and Maidens.— Canterbury quality, selected brands, 561b. and under, B|d per lb ; 571b to 641b. Bid; 651b to 721b, Sid; other brands, 561b and under, S^d; 571b to 641b, 8 l-8d; 651b to 721 hj, 8 l-Bd. New Zealand Ewes.—64lb and under, 7 l-Bd. New Zealand Lamb.—Canterbury quality, 361b and under, 12 3-8<l; 371b to 421b, ll£d; 431b to 501b, 10 7-8 d ; seconds, 12d; selected brands, 361b and under, 12^(1; 371b to 421b, 11 3-8 d; other brands, first quality, 421b and under, ll|d; seconds, 12d. New Zealand Beef.—Ox fores, 4 5-8 d; hinds, sid; cow fores, 3.1 d; hinds, sd. Argentine.—Chilled Beef: Ox fores, 4 5-3 d; hinds, 7|d. NEW POTATO CROP. PUKEKOHE RESULTS POOR. [BY TELEGRAPH. —OWN CORRESPONDENT. ] PUKEKOHE. Monday. Pukekohe potato merchants report thai the crops of new potatoes this season are, to date, very disappointing as the resell of the adverse weather. The very earl} crops have recently suffered severely, and some growers will not recover the cosl of planting. Supplies are very small sc far, compared with last year, and ib« quality will be poor for this mouth. Tin present price is £3l per ton. The quality of later crops will depend entirely on the weather. { Locally-grown seed potatoes are reported to be practically unprocurable. Southerngrown are selling at £7 per ton. PROPERTY SALES. WEST VIEW ESTATE SECTIONS. A successful sale of sections in the block of land at Herne Bay known as the West view Estate, at the junction of West End and Garnet Roads, was held by Samuel Vaile and Sons, Ltd. The estate, which w;.s for long owned by the Faultier family, was divided into 78 sections, of which 36 were sold for a total of approximately £10,250. The highest price was realised for the section oa the corner of the two roads, which realised £l4 a foot. Other prices ranged from £5 2s 6d to £7 9s 6d a foot. Fhe sale- | room was crowded, and bidding was brisk [ throughout.