COMMERCIAL.

Otago Daily Times, Issue 19374, 9 January 1925, Page 4

COMMERCIAL.

OTAGO TALLOW AND BY-PRGDUOTS COMPANY. Negotiations have just been completed for the purchase by Messrs M'Leod Brothers of the property and works at Burnside of the Otago Co-oporativ© Tallow and By-Producta Company. DAIRY PRODUCE Messrs .Dalgety and do. (Ltd.) report having received the following cablegram from their head office, dated London. January 6: Butter: Since our last wire prices are 4a per cwt lower. The New Zealand Loan and Mercantile Agency Company has received the following cablegram from its London house under date December 31: Butter: Choicest New Zealand salted, 192 s to 196 s per cwt. The market is weak. Cheese: New Zealand white, 98s per cwt; coloured, 97s per cwt. The market is steady. Messrs Joseph Nathan and Co. have received the following cablegram from their London office: New Zealand butter, 170 s; Australian, 1665. LONDON TALLOW SALES. Messrs Dalgety and Co. (Ltd.) report having received the following cablegram from their head office, dated London, January 7; At the tallow soles 1000 casks wore offered and 760 casks sold. Sine© our last wire prices are Gd to la per cwt higher. There aa scarcely any demand for beat descriptions. LONDON, January 7 (Received Jan. 8, at 8.50 p.m.) At tlio tallow sales 997 casks were offered, and 758 wore sold at 6d to Is advance, fine mutton, 565; medium, 60s 6d ■ fine beef, 635; medium, 60s. —A. and N.Z. Cable. LONDON. WOOL SALES. The Now Zealand Loan and Mercantile Agenoy Company has received the following cablegram from its London house under date January 5; — January Wool Sales. —The list will close on January 12. BUTTER AND CHEESE, GRADING RETURNS. (Peb United Peess Association.) WELLINGTON, January 3. The figures of the Dairy Division of the Department of Agriculture show that the amount of salted butter graded for December was 10,845 tons and unsalted 759 tons, making a total of 11,004 tons —an increase of 23 per cent, over the figures of the previous December. For the five months ended December, 1924, the respective quantities wore 35,501 tons and 2081 tons, a total of 37,582 tons, representing an increase of 21. G per cent. The cheese graded for December, 1924, comprised: White, 76G7 tons; coloured, 4144 tons; —total, 11,811 tons; representing an increase of 1 per cent. Tne quantities for the five months ended December, 1934, wore; White, 00,245 tons; coloured, 31,355 tons; total, 31,600 tons; representing a. decrease of 6.7 per cent. Converting these figures into the butter-fat equivalent there is an increase of 12 per cent, in butter-fat. The stocks held in various grading porta at December 31, 1024, wore; Butter 67C6 tons, cheese 8875 tons. AUSTRALLYN MARKETS. Press Association—By Telegraph—Copyright. SYDNEY, January 8. (Received Jan. 8, at 10.30 p.m.) Oats: Tasmanian Algerian, 3s 6d to 3s 9d; white, 4s 7d to 4a 9d. Maize: Yellow, 4s 2d to 4a 3d; white, 4s. Potatoes: Local, £5 10b to £7; Tasmanian, £8 10s to £9. Onions: Victorian, £ll. ADELAIDE, January 8. (Received Jan. 8, at 10.30 pjn.) Oats: Algerian, 2s 9d. THE WHEAT MARKET. Press Association—By Telegraph—Copyright. LONDON, January 7. Cargoes opened dearer in sympathy with the American market, but aro not being bought. The market closed quiet, and prices are unchanged. Some American soles to Constantinople were reported, but the price has not been disclosed. America also sold 7000 tons to an unnamed buyer at 66a 3d. Parcels are quiet. Liverpool futures; March, 13s 9}d; May, 33e 6Jd. —A. and N.Z. Cable. CHICAGO WHEAT MARKET. Press Association—By Telegraph—Copyright. NEW YORK, January 7. (Received Jan. 8, at 8.50 p.m.) Chicago wheat: May 179} cents per bushel, July 155 cents.—A. and’ N.Z. Cable. THE PRICE OF GOLD. Press Association—By Telegraph—Copyright. LONDON, January 7. (Received Jan. 8, at 8.50 p.m.) The price of gold is £4 7s 5d per oz.—A. and N.Z. Cable. EXCHANGE RATE Press Association—By Telegraph—Copyright. LONDON, January 7. (Received Jan. 8, at 8.50 p.m.) The exchange rate on New York is 4.77 dollars to the £l.—A. and rvZ. Cable. LONDON WOOL SALES. Press Association—By Telegraph—Copyright. LONDON, January 7. (Received Jan. 8, at 8.50 p.m.) It is expected that the offerings at the London wool sales opening on January tat, will be: New w 001—56,000 bales of Australian, 20,000 bales of New Zealand, and 5600 bales of Capo and Punta Arenas. Eighteen thousand bales held over from the December series will bo offered.—A. and N.Z. Cable. CALCUTTA TEA SALES. PRICES IRREGULAR. Press Association—By Telegraph—Copyright. CALCUTTA, January 7, At the tea sales offerings were mostly of rather poor quality. Prices were irregular, and declined from 6 pice to 1 anna, ranging from 13 annas to 1 rupee.—A. and N.Z. Cable. ESTABLISHED 1861. A Market for Poultry. Consign your Poultry to us. Wo are buyers of all kinds. The weights must be—viz. : Fowls, live weight each and over; cockerels, live weight 3llb each and over; ducklings, live weight 4lb each and over; turkeys nil weights. No commission, railage paid, crates supplied. Write for quotations.—W. STEWART (LTD.I, Fish and Poultry Merchants. Head office, 236 Princes street, Dunedin. ’Phones: Branch 1676; Head Office 1274.—Advt.

LONDON SHAKE MARKET. (Peb United Peess Association.) WELLINGTON, January 8. A Loudon cablegram reports: Waihi Goldmining shares, buyers 25s 3d, sellers 25s 7d.