COMMERCIAL

Timaru Herald, Volume CI, Issue 15393, 9 July 1914, Page 5

COMMERCIAL

FROZEN MEAT TRADE. GOOD PROSPECT FOR NEW ZEALAND. Press Association—By Tel.—Copyright. LONDON. July 7. A great expansion of the chilled and frozen meat export from the Argentine to the United States is noted. Good judges are of opinion that the United States will shortly absorb nearly all the Argentine's production, to the embarrassment of Britain. BANK SHARES LONDON, July 7. Shares.—Bank of Australasia. £123, £125; Bank of New South Wales £42 10s, £43 10s; Union Bank £59, £6l; National Bank of Neiv Zealand £5 7s Gd, £5 12s. Gd. Bank of New Zealand, £lO os, £lO 15s; New Zealand Loan, ordinary stock £9l. Tho Union Bank has declared a dividend of 10 per cent., and a bonus of 2 per cent.; carried to reserve £30,000, carried forward £45.510. Ttil'i' KiALTO. H. Allehui-ch and Co. result a good entry lor iasc yaiiurclaya saie, ana *at> roil owing vj'ere me jjruxs realised: —- Poultry. Heavy roosteio, os llu to ystid, lignt id Kcl to iso od, puueis, goo a sorts, is yet io 5s 3d, mixed to' 4s 3d, liens 2s to 3s Gd, uucks Ss lUd to 4-s-Page (.weantu-s) 12s to 14s tjd, cto. baconeivi (.dressed) , 5.J-U io. Jrroduee. potatoes OS to Os 6u, swedes 2s oci, omons OSj iowi wheat lis Od to life oci, oat sueal cliaii: 3 s bet, s J., oraugew ••is 3d case. V egfetatnts at eur reiic rates. \ve also held on Thursday a clearing sale on oenau ot the Aidses \vroucombe, wn<?n everything was of under tne nammer; aiso. on behalf of the Trustees or tne late Mrs VV oollcombe we disposed of tiie residence (AshburyJ ana buildings under the hammer. On Priday we held a successful meatsale, these sales wni now by iewe» as the supplies are gelling shorter. On ba-turday we disposed of a. largo ■.quantity of sundries, also Ave sold iu tne baiiKi'iipt estate of Nv. j. J-iicharci-son a large quantity of tobacconists' wiiicn met with a keen demand, the rooms being packed with a good Class of buyers.

THE OAT MARKET. Concerning the oat market the "Oamaru luaU" says: —In oats circles a better fueling was man-test m tne 'eanier portion of last week, and any lints >oi good, heavy A bartons whicii happened along found ready purchasers, the incentive being the reduced lreignf on the Home steamers and tiie prospect of doing a payable export business, fluctuation on the London market has, however, swung tlia pendulum a shade to tho adverse side, and for the moment it looks as if the advantage gained by way of a cheaper freight is to be nullified by reason of a. falling price. The market closed firm on Saturday, but merchants are not so sure now that- there will be any great improvement, as was the case when tho prospects of an- export trade at a payable price first presented itself. In themeantime Oamaru merchants intend making the best possible use of thc-( Hoine markets, and by the Mamari, which loads here on the 18th instant, at least, 3500 sacks will be shipped. Quotations: Extra heavy A grade Cartons Is Bjd t-o Is f)d: ordinary A grade. Is Sd; B grade, Is 6.U1 to Is 7d; good quality Duns, Is 9d to Is lCd. good seed Algerians, Is Bcl to Is 9d; all quotations net at sidings.