COMMERCIAL.

New Zealand Herald, Volume LXII, Issue 19171, 10 November 1925, Page 7

COMMERCIAL.

PUKEKOHE POTATOES. TWO UNSEASONABLE FROSTS. HEAVY RAILAGE CHARGES. [BY TELEGRAPH.—OWN CORRESPONDENT.] rUKEKOHE. Monday. The week opened at Pukckohe with business in new potatoes beginning to move more freely both orders and supplies being on the increase. To-day's quotations are 15s and 16s per cwt. f.o.r. Pukekohe. Frost, which was experienced on Sunday and Monday mornings, caused a certain amount of damage to the potato crops in some quarters. This led to a fear that further poor-quality lots of new potatoes would be marketed, but in the case of | the majority of the crops to bo dug imI proved-quality samples are anticipated. ! The peak business in Pukekohe new pota- ] toes is generally reached about the middle ' of November, but, owing to the lateness | of the present season, it is anticipated that the biggest business will be recorded about the first or second week in December. The early season has been a poor one to the growers owing to the lightness of the crops. However, a good second crop should help them to recuperate. Tho onion crops are now making good ; progress, and if thoy command good I prices when marketed, commencing in | tho early autumn, they should hqlp to I offset the loss on the early potatoes. I The new railway tariff has' placed an | increase on the freight for potatoes to Wellington and elsewhere, and this has caused merchants and growers concern, the present season indicating that too great a burden can easily be put on the early potato industry. Representations have been made to the department, and the business manager is expected at Pukekohe to discuss the position. THE MEAT MARKET. PRICES AT SMITHFIELD. j The New Zealand Meat Producers' i Board has received the following cablej gram from its London office, dated { November 6, advising Smithfield deiiv- | ered prices at that date as follows: — New 'Zealand Wethers and Maidens.— | Canterbury quality: Selected brands—- ' 561b. and under, 8d per lb.; 571b. to 641b., Bd,: 651b. to 721b., 7'd. Other brands: 561b. and under, 7^ci; 571b. to 641b., 7gd; 651b. to 721b.. 7£d. New Zealand Ewes.i-641b. and under, 6d per lb. New Zealand Lamb. Canterbury quality, 361b. and under, lljjd; 371b. to 421b., seconds, Selected brands —361b. and 1 under, ! brands —First quality, 421b and under, | lOAd; seconds, lid. | New Zealand Beef.—Ox fores, 4§d per lb.; hinds, sd. j Argentine Chilled Beef. —Ox fores, |4d per lb.; hinds, 5J,d. | SHIPMENTS FROM SOUTH AMERICA j The board has received a cablegram j from its representative at Buenos Aires j advising the following shipments to the I United Kingdom for the fortnight ended ] October 29 from Argentine and Uru- ' guay :—149,400 quarters chilled beef, 25,389 quarters frozen beef, 32,868 car--1 cases frozen mutton. 45,791 carcases i frozen lamb. The quantity shipped to j tho Continent of Europe during the same i period totalled: —204,750 quarters frozen j beef, 22,399 carcases- frozen mutton, j 616 carcases frozen lamb. DAIRY PRODUCE MARKET. REPORT FROM LONDON. [BY TELEGRAPH. OWN CORRESPONDENT.] HAMILTON; Monday. | The New Zealand Co-operative Dairy : Company, Ltd., has received the following i cablegram from its London manager:— "Butter.—Anchor, 2125; unsalted, 2125; Danish, 211s. The market is still quiet > and featureless, with unsalted and seconds j dull of sale. A renewed activity is exSected on the arrival of the Ruahine on [ovember 12. Retail prices are un- | changed. ! "Cheese. —White and coloured, 116s; Canadian, c.i.f., 112s to 114s. The for- ! ward position is sound with retail un- | changed." WAIKATO LAND DEAL. 1 THE TE MI MI ESTATE. ; [BY TELEGRAPH. —OWN CORRESPONDENT.] HAMILTON. Monday. ; One of the largest land deals reported I in the Waikato for some time was effected j this week when the Te Mimi Estate of ! nearly 1800 acres, situated about miles ! out from Morrinsville, and owned by Mr. t Wilfred Stead, was disposed of to Mr. J. T. Hawko, a retired Indian tea planter, who has taken up his residence in Hukanui Road, Hamilton. The sale, which w,as effected through the joint agencies of Messrs. F. W. Kemp and Dalgety and Company, Ltd., was practically a cash transaction. The price paid was £25 an acre GIGANTIC RUBBER SCHEME. A CHALLENGE TO BRITAIN. [FROM OTJR OWN CORRESPONDENT.] VANCOUVER. Oct. 21. The 'announcement of tho 'ntention of Mr. Harvey Firestone, the American tyro magnate, to establish tremendous rubier plantations in Africa, and challenge Britain's supremacy in the world ti ado in rubber, has set the country agog. Plans have already been made :or a 99-ytars' lease >f a million acres in the republic of Liberia, in Africa, with plans also for a harbour at Monrovia, the Liberian capital. Mr. Firestone predicts that, within five years, the price of rubber will drop materially, and that, vvilh £20,000,000 capital behind the venture United States would be independent of British supplies. MONEY FROM UNITED STATES. NEARLY A BILLION DOLLARS. [FROM OUR, OWN CORRESPONDENT. ] VANCOUVER. Oct. 21. j Nearly a billion dollars have been ! loaned by the United States to other I countries already this year. Three-fourths of the amount went to governments, and one fourth to corporations. The loan s to governments wore:—Europe, 000, Canada, £35,000,000: Australia, £15.000,000; Latin America, £30,000,000; Asia, £15,000,000. The loans Co corporations were:—Europe, £18,000,000; Asia, £13,000,000; Canada, £6,000,000; Latin America, £6,000,000. No less than £50,000,000 went for refunding purposes. The American Government has notified j intending borrowers that those who make satisfactory debt-funding arrangements ! will bo given preference in new loans. THE SUN NEWSPAPERS, LIMITED. An announcement appears in this issue concerning the formation of a now company, the Sun Newspapers, Limited, which is being formed to acquire the Canterbury Publishing Company, Limited, proprietors of the Christchurch Sun. It is proposed to continue tho publication of the Sun in Christchurch arid also to publish it j in Auckland. The prospectus will be pub- j lished in a few days. -