LATE COMMERCIAL

Otago Daily Times, Issue 19045, 15 December 1923, Page 10

LATE COMMERCIAL

CANTERBURY MARKETS. (Peb United Press Association.) CHRISTCHURCH, December 14. The rain which fell during the week has undoubtedly done good, but the more recent nor’-westera are having a bad counter-effect. The threshing of ryegrass has commenced in the Ashburton district, and crops are turning out well. The demand for cocksfoot has gone off to some extent, and at present there are more sellers about than buyers. Machine-dressed seed is worth from 9Jd to lOd. Reports from Home regarding Partridge peas are anything but encouraging, Ihe latest advices state that there are between 600 and 700 tons of New Zealand peas in London stores still unsold. The demand for oats has slackened off during the week. Inquiries are still coming to hand from Australia, but, so far, no business has eventuated. There is a slightly better demand for white clover and cowgrass from the North Island, although no sales of any considerable extent have been recorded. The position in respect of chaff is unaltered. Graders at Lyttelton have tightened up the grade for good, bright quality, and merchants, in consequence, appear to be a little ehy in quoting for it in any Quantity. NATIONAL BANK OF NEW ZEALAND. (Pee United Press Association.) WELLINGTON, December 14. • The general manager of the National Bank of New Zealand has received a cable message from London advising that the Board of Directors has declared an interim dividend for the half-year to September 30 last at the rate of 12 per cent, per annum, which will be paid in the dominion on. January 4. LONDON MARKETS. The Otago Farmers’ Co-operative Association of New Zealand is in receipt of cablo advice from its London office as under: Butter, 210 s to 2165. Cheese, £5 9s to £5 10s. Frozen mutton and frozen lambs are firm. Frozen beef is neglected, CHRISTCHURCH WOOL SALES, IPkb United Pares Association.) CHRISTCHURCH, December 14. There was almost a total clearance of the 4063 bales which were submitted at the wool sale to-day. Bidding was hardly so'spirited for plain and shabby wool as was the case yesterday, but for all wool of good quality there was practically no change in values. Crossbreds maintained the pervious day’s high prices. There were no record prices to-day. Several buyers who had been present at the sale yesterday were absent today, having satisfied their requirements, but their absence did not affect the keenness of competition.

FROZEN MEAT MARKET. (Pee United Pbess Association.) WELLINGTON, December 14. The New Zealand Meat Producers’ Board advises that the following prices were being offered on December 13: Auckland.---We thora, 641 b and under, sjd; prime woolly lambs, 421 b and under, 81d; 131 b and over, 8d; second quality lambs, 7jd. Poverty Bay.—Wethers, Glib and under, 5Jd; prime woolly lambs, 421 b and under, GJd; 431 b and over and quality lambs, 7id to 7id. Hawke’s Bay.—Wethers, 641 b and under, Cd i prime woolly lambs, 421 b and under, 9d; 431 b and over and second quality lambs, Bid tn Bid. Wanganui.—Wethers, 641 b and under, Gd; prime woolly lambs, 421 b and under, 9d; 431 b and over, bid; second quality lambs, fid: prime ox beef, 20a per lOOlb. Wellington.—Wethers, 04lb and under, Cd; prime woolly lambs, 421 b and under, 9d; 431 b and over, 81 d; second quality lambs, Bd. Canterbury.—Prime woolly lambs, 421 b and under, 9 id; 431 b end over, 9d; second quality lambs, 9d. WELLINGTON HOSPITAL BOARD DEBENTURE ISSUE. The Wellington Hospital Board is inviting applications tor the issue of £.50,000 worth of debentures maturing in 10 years, bearing interest at 5J per cent, per annum. Interest will be payable and principal repayable free of exchange at any branch of the Bank of New Zealand in New Zealand. Fractional interest at 51 per cent, per annum- will be paid from date of receipt of application by the board to the next half-yearly interest date. All debentures of this issue wm mature on December 10, 1933. All applications are to bo addressed to the secretary of the Hospital Board, General Hospital, Wei-: lington.