COMMERCE AND FINANCE

Otago Daily Times, Issue 20291, 27 December 1927, Page 14

COMMERCE AND FINANCE

LONDON MARKETS. "(Press Association—By Telegraph—Copyright.) LONDON, December 24. (Received Dec. 25, at 5.5 p.m.) Cotton: January, 10.40 d per lb. Rubber: Para, 17d; Plantation, smoked, 20d. Jute: December-January, £3O los per ton. c Copra: December-January, £27 ss. Hepip: Dccember-February, £33 10s. Linseed oil, £2B ss. Turpentine. 395. Sheep: New Zealand ewes, 4Jd. Lambs: Canterbury, and North Island firsts, none offering. Argentine chilled beef: Fores, 3Jd; hinds, 6Jd. The others were unchanged.—A. and N.Z. Cable. RETAIL PRICES. INCREASE IN FOOD GROUPS. (Specul to. Daili Times.) WELLINGTON, December 26. The retail price index for the three food groups aa at November 15 was 1539, an increase of 9 points as compared with the previous month, and an increase of 43.8 per cent, over July, 1914. The index number for the groceries group has increased 25 points, this being mainly due, states the Government Statistician, to the now predominating use of new potatoes and to uhe high prices ruling for onions. , The dairy produce index number records a fall of 27 points. Bacon and butter show a slight reduction in most towns. The meat group, the index number for which is three points less than that for the previous month, has altered little, there have been small decreases in the prices ox mutton and pork. , , Very little movement has been recorded in the miscellaneous groups since tffie collection in August last. Clothing, drapery, and footwear have fallen 4 points, while the index for the miscellaneous groups has fallen 6 points. The slight nse m the index was caused by an of points in the group “ fuel and light. THE PORK INDUSTRY. A GOVERNMENT SUBSIDY. (Feb United Pees# Association.) PALMERSTON N., December 24. M, J G Eliott, member for Oroua, one of the ’ members of Parliament who has •tressed the importance o£ .P° rk . expressed pleasure this morning at the announcement of a Government subsidy to assist the industry. Mr Eliott the fact that pig raisers have a resgon gibility in the matter, and ©very must le made by them to r ®f uc ® of production, to improve the f u^l y the pigs raised, and to breed a.pig snitab l © for the market overseas, also in F/fluro methods of marketing. Success ot f«“ was now in the hands of those vitally terested. . LANCASHIRE COTTON INDUSTRY. REDUCED WAGES. LONGER HOURS. (Press Association —By Telegraph-Copyright.) 1 LONDON, December 24. (Received Doc. 25, at 5.5 p.m.) . The Federation of Mastor Cotton Spin ners nassed a resolution at Manchester re FRUIT AND PRODUCE WORLD. Reillv’s report;—The demand at the Sr%e i %i°nant 0iC Vege a tSlfP o Ov^ a IDs 6d - 97 cock birds, 2a 6d to 68 “ a 9, Sat per v s.n. Turkeys gobblers Is. 2d IS small g 38 3d ’t 5 %4d 7*T R°e n d ey ’currants 3kl currants, 5Jd, 74a. we Carrots, (1 M C irs”i “Sit?. "Ctoic*. a: »“>?"■ i sSach, 1. M. g S rtTSt- M Straw" berries: Choicef la 4d J.. M; preserved ginger, le „ Sd^herries 1 Choice, 7id; others. 24d to 51. Cherri - Small, sd; wet, 8d; good 9d Is. ls 2d Is Hid. Honey: Bulk, 4|d, 101 b tins 4s 6d, ss; 21b pottles, Is. Gooseberries: Choice, 3d, 4d. Grapes: Locak, 4s 6d, ss. Broad beans, IM, 3d. i renob beans, Bd. Green peas, 2d 74d New notatoes 4d. Peanuts, sd. Bia«ts, 10d Almonds, lOd. Tomatoes: Nelson glasshouse, coloured, 18s 6d; others 15s to 17s; Christchurch specials, Is 3d, IB 6d; mediums. Is 2^. £ocal3 - f ls n 5 A Cheese: Mediums, 10jd; loaf, 114 d. leaOrange pekoe, 2s 6d. Beeswax, Is 6d, la 9d. horsehair, 2s. ,^ e^ H erß 6 ’ d Is' Bacon: Choice, Is Id;, odd_lots, M to «. Hams, Is 3d. Bacon pigs:. Pnme.Jd, 7Jd. porkers, 7id;. heavy-weights, 4Jd, 6d Apples: American Jonathane Be D- is, 21s; Winesaps, 22s 6d. Suva b-nanas: Ripe, 455; green, 355, Rarotongans, ripe, 355. Lemons; Californians, 68sf Navel oranges, 555. Oranges. Sjdney special Valencias, 31s. fornians, 18s per crate; Melbournes, snecial 15s bag. Chicken food: Reeves Palmer’s, 2001 b, 455; 1001 b, 21s; 50lb, lid 6d; 251 b, 6s 6d; 101 b, 2s 9d; 41b, Is 3d. Oyster grit, 8s 6d. hat, 16s, 245. Cross Keys meatmeal, 18s; Moose cahmeal, 19s 6d. Special quahty woodwool 35s per cwt. Egg cr a tee -,' s ® d . a « 1 « 6d Fowl wheat, to 7s 9d. Oats. A Cartons, 3s 3d; “ B,” 2s 9d P®r bushel. Special apple wrapping paper, 10 x iu, 3s 8d per ream, C.M.W. spray pumps, 12s 6d to £5. Bordeaux powder. Is to Is Id. Atomic sulphur, id to 9d. Black Leaf “40,” 545; 41b tins 5s 3d. Lime sulphur: In barrels. Is lid; in tins, 2s 6d gallon. Arsenate of lead, 2s 6d to 3s Gd lh. Spreader, lOd. Oatsheaf chaff: Choice, to £5 15s. Bran. £6. Pollard, i 8 10s. Strawberry pottles, 00s to Cos per 1000; crates, 5s 6d. REILLY’S CENTRAL PRODUCE MART, LTD., Dunedin, COMPANIES REGISTERED. The registration of the following companies is reported in the Mercantile Gazette —St. Clair Hydro, Ltd as a private company November <:4, 192 J. Capital: £2OOO, into £2OOO shares of £1 each. Subscribers: Dunedm —A. Smith 199.9, E. J. Anderson 1. Objects: To carry on in Dunedin or elsewhere the business of tearoom proprietors and vendors of groceries, confectionery, fruit, etc. S. F. Ahern, Ltd. Registered as a private company November 26, 1927. Capital, £SOOO, into 5000 shares of £1 each. Subscribers: S. F. Abern 4999. as a private company December 3. 1927. business of importers, exporters, mamifucturcrs of find wholssalt* find retail dealers in glass, paints and incidental, Dunedin Tyre Service (Advance System), Ltd. Registered as a private company November 50, 1927. Capital; £2OOO, into 2000 shares, of £1 each. Subscribers: Dunedin—A. C. King 100, D. Hunter 1200, E. M. Leetc 700. Obiects: To carry on in Dunedin or elsewhere i n New Zealand or beyond the business of tyre retreaders and repairs and rubber good manufacturers and merchants. New Zealand Fur Co.. Ltd Registered as a private company December 5, 1927. Capital: £3500. into 3500 shares of £1 each. Subscribers: Dunedin L. Cohen 3499, I*., *l. Anderson 1. Objecto: To carry on all or anv of the businesses of tanners, fellmongers, furriers, dyers, manufacturers of chemicals, furs, rugs, clothing, and importer* and exporters of all kinds of fur? and skin*. Drwin and Co.. Ltd. Registered Minnie Ahem 1. Objects: To earn- on the i Anita]; £SOOO. into 5000 shares of £1 each. Subscribers: Bluff—M. Urwin 1500, G. Erwin 1000, W. J. Urwin 2500. Objects: fish m 4 egatm jamnSbasia.

LOCAL AND OVERSEAS MARKETS.

DAIRY PRODUCE. The National Mortgage and Agency Company has received the following cablegram from Messrs A. J. Mills and Co., Ltd., of London:— Butter. —The market for fresh landed is firmer, prices being from 160 s to 1625. Stored is slow, prices ranging from 162 s to 1565. Cheese. —The market is firmer, white bringing 91s and coloured 90s.