COMMERCIAL.

Timaru Herald, Volume CXXIII, 16 December 1925, Page 4

COMMERCIAL.

■ LONDON .'WOOL SALE. By .'Cable—Prfcss Association' —Copyright Australian and N.Z. Cable Association (Received 5.5 p.m., Dec. 15.) LONDON, December 14. At tho wool sales there was an average selection in all classes, with keen competition among Home trade buyers lot crossbreds, at the lower basis of values. There was a steady demand for good merinos at late rates, but withdrawals were frequent BRADFORD MARKET. At Bradford, crossbreds were dull, with an easier tendency. There is improved inquiry for merinos. Buyers are offering 4bd per lb for 64’s'quality. , PRODUCE MARKET QUIET. .; By Telegraph—Press Aisoeiation. CHRISTCHURCH, December., 15. , Business in local grain circles is at a low ebb, and it is not likely to pick up until after the New Year holidays. In the meantime several lirlns nie engaged in making up their annual balance. Oats continue to he firm, but very little business is being done in them. A few lines of machine-dressed elippei. Algerians have been offered at ss, but as this figure is iiot to the liking of prospective purchasers no trade is passing. One or two sales of Italian ryegrass have been made at 4s 9d. Business in potatoes has petered out, and very Tittle is being done so. far as forward business , is ' concerned. £4 is the figure mentioned in respect of tubers sold for April delivery, and £3 15s' for May-June delivery.

STOCK EXCHANGE. By Telegraph— Prb&a Association . , AUCKLAND, December 15. Sales reported.—Hiiscribed: - * Stock (1938); £9bs 7s 6d). ' New 'Zealand Breweries debentures, 255; Bank, qf Australasia, £l4' 3s' 6d;. 'of New. Zealand, 56s 9d;. Auckland Gas, 22s lOd; Taranaki Oily 14s. 9d (two sales); Moana Taiari, , ls 6d; Kawaraii, 6s 3d, 6s 2d; I ’:YVaihi, 235'.6d. . CHRISTCHURCH, December IS. Sales of Australasia. £l4 3s 6'd ; . National , Bank of NeW Zealand (cum. divi), £6 175.; Bank ofi; New Zealand,/ 56s 9d; 'Union Bank, £l4. J9s; Maiming Brewery;-: 42a (2 parcels); Staples \ Brewery, 42s ; (two parcels); Whitcombc and -Tombs, 67's 6d; Eclipse Petrol (£1 paid). 15s. - Sales oh ’Change.—Kawarau, 6s; Union Bank, £l4 19s (two parcels)-; New Zealand Refrigerating (eoht.), 7s 6d; Staples Bieweryj 41s 3d. DUNEDIN, December 15. Sales on ’Change.—Dominion Rubbers, 63s 6d; Kawarau, 6s (four garcels), 6s Id (two parcels).

TEMUICA SALE. Smaller yardings iii all sections wero offered at the Temuka yards yesterday. Fat cattle Showing quality, improved about 20s per head; rough and interior b.eef sold at late rates. The stores offered were yof jjila'htSr, and hal'd to quit. Fat' slifeep sold on 'oi par with lest sale. Pigs advanced 5s to 10s over the large entry at list sale. Prices: — . Fat cows, £8 12s 6d to £6, inferior £4 2s 6d to £5 10s; potters £2 15s. Fat-heifers £6 10s : '<'to"£8»l?a £4 to £5 10s: springing Cows to £7 16s. ,nFat whfchera*. 35,, .9 at^^gs, 9, afe 295.9d,.-’:lp;mt '2os fid; $ wa.ollw.4Qs. • Fat-ewes, 9at.l 7s, 10 at 25s 6d, ,43; 2footh wethers 245. . , ■ Fat pigs, £3 10s to £3 17s 6d; porkers to '£s ;' : small ' stores '26s' to--395; w'ealiers 20s to 81s.

Low Crossbred, 36-40 Super, lid to 12d. ; Average, lOd to lid. 'lnferior, 6jd to 9d. .Hoggets— l 48-50. 123 d to 16d. Fine'46-48, 10fd to 15)d. Medium 44-46, 9)d to 14d. Coarse 40-44, 9)d to 12d. Low 36-40, 9d to lid. Lambs— Fine 44-50, lid to 15d. Medium 40-44, lOd to 13Jd. Seedv and inferior, all grades, 4d to 9}dBellies and Pieces — Merino — Good to super 13Jd to lGd. Low to medium, SRd to 13d. Ha If bredGood to super, lOJcl to 14R1, Low to medium, 7{d to lOd. : Crossbred — r Good to super, Bfd to lid. Low to medium, Gd to Crutch ines— Medium to good. Bid to lid. . : Inferior and seedy, 3Jd to 7Jd. Lo6k=—. .. ; 'Merino, to Holfbred. to 6td. Crossbred, 3d to 6d.

! PAPUAN RUBBER CO. The statutory meeting of shareholders of the Papuan Rubber and Copra Company, Ltd. was held in Christchurch on tho 11th inst. The directors reported' that of the 1300 £lO shares available for pub ic subscription, 1005 had been subscribed for and allotted. The transfer of the plantation property and other assets from tho late owners, the Papuan Products Co., Ltd. (iii liquidation), had been diny made, , the transfer being duly approved of by the Administrator of the Territory of Papua. The Company’s manager took charge at tho plantation early in September, and the first shipment of 19001bs of smoked sheet rubber from (the plantation realised 3s 3d by auction ’in Sydney in October. The all-in Cost of production was under 9d per lb. - The'yield' was showing a steady increase, but. the; increase would bo greater . when the whole of the rubber areas were! --..clean weeded, after tho next few months. The coconut areas ,were in good condition, the trees now coming in to bearing and carrying good crops of nuts. A yield of over 120 ‘ tons could be: expected this year. The prices now beiii{jf.-.-'' r bbtamed foi- both Lubber and copra Were most satisfactory, and if maintained, the., shareholders could he assured of a dividend nit the first year’s operations. . : The following directors were elected: Hon.'A. F. ITawke, M.L.C., Messrs J. R.'■Ha.vward, L. Hansen, A. D. Ford, F' 0, Cotton, H. Firman. W. S. Long, TL Worrell, G. W. Skellerup.