COMMERCIAL.

New Zealand Herald, Volume LXII, Issue 19195, 8 December 1925, Page 7

COMMERCIAL.

TRADE WITH ITALY. CHANCE FOR NEW ZEALAND. .NEW STEAMSHIP SERVICES. [>ROM OCR OWN CORRESPONDENT.} LONDON, Nov. 0. Mr. Victor A. Amodco, previously of Auckland, who has been well established in business in Trieste sinco 1900, is interested in direct trading between Italy and New Zealand. Ho is at present president of the council of all the British Chambers of Commerce in Italy. In a letter, Air. Amode.o mentions that an important steamship company of Trieste, the Navigaziono Libera Triestina, has started a direct line of steamers from Trieste, Venice, Naples, Genoa, Marseilles, through the Panama Canal, to the Pacific ports of North America, and that they will soon be starting another regular service from Trieste through the Suez Canal to Capetown. "It has occurred to me," Mr. Amodco says, "that with the aid of these direct lines from California to tlio Mediterranean and Adriatic and subsequently r,he other direct lino from Capetown to the Mediterranean. and Adriatic, there ought to be a possibility of developing trade between New Zealand and the Mediterranean. Transhipments of goods could be arranged at the terminal ports of San Francisco on the. ono hand, and at Capetown on tho other. "The steamers of the Navigaziono Libera Triestina are large, well-appointed vessels, having refrigerating installation. Tho speed will be 12 knots, and they will be steamers ranging from 6000 to 8000 tons."

SYDNEY WOOL SALES. PRICES REMAIN FIRM. Australian and N.Z.* Cable Association. (Recti. 11.35 p.m.) SYDNEY, Dec. 7. At the Sydney won! sales today prices were firm at last week's rates for Merinos. Comebacks and crossbreds sold irregularly. Greasy Merino fleece made a fresh record of 39d. IRISH WOOLLEN TRADE. PLEA FOR PROTECTION. (Received 5.5 p.m.) Renter. LONDON, Doc. 6. A conference between members of the Irish Free State Senate and local members of the Dail .considered the position of the woollen industry m County Cork. Speakers urged the necessity for the imposition of a tariff on imported woollen piece goods. 'The Postmaster-General, Mr. J. Walsh, undertook to submit the views of the conference to the executive. He said he was satisfied the country had now reached a stage when its vital industries must have protection.

FROZEN MEAT PRICES. LONDON MARKET VALUES. The New Zealand Loan and Mercantile Agency Company, Ltd., has received the following cablegram from its London office, dated December —New Zealand frozen meat: Lamb, per lb., average; mutton, wether and maiden ewe, light,_ 7|d per lb. ; heavy, 6 7-8 d per lb. ; ewe, light, 5d per lb.; heavy, 4 5-8 d per lb. The market is weak.

THE MEAT MARKET. PRICES • AT SMITH FIELD. The New Zealand Meat Producers' Board has received tho following cablegram from its London office, dated December 4, advising Smithfiehl delivered prices at that date as follows: — New Zealand Wethers and Maidens.— Canterbury quality, selected brands, 561b. and under, 7|d per lb.; 571b. to 641b., 7id; 651b. to 721b., 7|d. Other brands: 561b. and under, 7d; 571b. to 641b., 7d; 651b. to 721b., 7d. New Zealand Ewes.—64lb. and under, 4fd per lb. Now Zealand Lamb. Canterbury quality, 361b. and under,» 10|d per lb.; 371b. to 421b, Bjd; 431b. to 501b., 8d; seconds, 9jd. Selected brands: 361b. and under, lOJd; 371b. to 421b., Bd. Other brands: first quality. 421b. and under, 9d ; seconds, 9d. New Zealand Beef.—Ox fores, 4fd per lb.; hinds, 4|d. Argentine Chilled Beef.—Ox fores, per lb.; hinds, 6^d. FIJI BANANA CROPS. SHIPMENT TO AUSTRALIA. [FROM Ot.'R OWN CORRESPONDENT. ] SUVA. Nov. 27. A fine consignment of choice bananas left here for Australia yesterday by the Ventura. They came from the distant island of Kandavu, which has never been known to have any kind of disease in its fruit. The islanders have been planting the choicest of China or Cavendish bananas during the past two or three years and can now produce sufficient fruit to guarantee a reasonable shipment every month. Tho shipment was intended for the Auckland market, but the vessel bringing the shipment did not reach Suva until after the Tofua had sailed. The Government arc blamed for being overstrict in their examination of the shipment and only tho Choicest fruit left Suva yesterday.

PROPERTY DEAL. 'A TE AWAMUTU BUILDING. [I!Y TELEGRAPH. —OWN CORRESPONDENT. ] TE AWAMUTU. Monday. An important purchase of a business block in Te Awamutu is announced, Mr. H. 0. •Tlainey, draper, having acquired the two-storey premises at the corner of Alexandra and Roach Streets, containing two double-fronted shops in Alexandra Street with tearooms and offices upstaifls. The price has not been disclosed but it is understood to be substantia). The block has a frontage of over 50ft, to Alexandra Street and 82ft. to Koarh Street, and was Known as layior s Buildin"3, the vendor being Mr. E. J. Taylor, of Auckland, formerly in business here. LONDON WOOL SALES. Dalgety and Company, Ltd., report having received the following: cablegram from their London house, dated December 4:—Wool sales: Owing to a thick fog no sales have been held to-day. KAMO STOCK SALE. Messrs. Dalcety and Company, Ltd.* r<v Dort having held their usual monthly stock salo at Kamo on. December 3. Uiore wan a very heavy yarding: of all clasaes of cattle, the advertised number being much exceeded. Competition was dull throughout the sale, with 'prices very much below previous ruling rates. A particularly well-bred line of Hereford steers came forward from Messrs. Worsp Bros, and met with only fair competition. Quotations are Four-year-old steers. £<i to £6 10s; three-year-old Hereford steers, £5 10s; two-yoar Hereford steers, £4 6s to £-1 17a; two-year Shorthorn steers, £3 to £4; one-year steers, £2 10s to £2 17s 6d; inferior sorts, £1 to £1 10s; fresh-conditioned cows, £3 7s 6d to £4 ss; store cows, £2 to £3; inferior sorts, £1 to £1 15s; three-year heifers, £3; inferior sorts, £1 10s to £2 sa; two-yoar heifers, £.l 15s to £2 ss; inferior sorts, £1 Gs to £1 10a; boner bulls, £3 15a to £4 10s.