COMMERCIAL

Press, Volume LIV, Issue 16273, 25 July 1918, Page 9

COMMERCIAL

nTGH COMMISSIONER'S MARKET 111 REPORT. tlit Dep« tment °* Agriculture, Industries, \ Commerce, has received tho following jTwam, dated London, July 20th, from jjl 4jch Commissioner for Now Zealand: — Whotosal® pricts for imported beef have vised according to country of origin. tStewing prices will bo in forco atter tni» 'r~Tu for Linda and forco respectively: — 93d; New Zealand and Lilian, 13Jd, 10jd; American, 13id, lOJd; other countries, i:ii<i, 10Jd. Tbe wholesale piic£3 of English Cheddar c i jr M have been ux-:d at the following rate 3: __Juiufactured during July, £8 17a 4d; Btfufsctured after the beginning of August, (3 & M * DOMINION PORTLAND CEMENT , COMPANY, SUPREME COURT PROCEEDINGS. (SPECIAL TO "TUE PRESS.") AUCKLAND, July 2 Jfitters in connexion with the petition predated to th© Supremo Court assing for the Jjoßipnbory winding up of tho Dominion Portland Cement. Company, Ltd., and the appointment of an official liquidator, were jJjcoaaed by Mr Justice Cooper in Chambers jn the Supreme Court to-day. * Hi* Honour made an order authorising (jouMel on both 3ides to crass-examino witjggce havo filed affidavits. Counsel ge (0 arrange as to tho witnesses who are opccted to attend for this purpose. • A strong bar will bo engaged on tho case, junior counsel will bo Mr C. P. Skerrett, X.C., of Wellington, and Dr. H. D. Bamford, ofAockiaaa, for tho petitioning shareholders; j[ r J. B. Seed, K.C., oi Auckland, for the foaidator previously appointed when tho company was voluntarily wound up; Mr J. P CwpW'i °f Auckland, for tbp ex-direc-(o'fg; and Mr M. Myers, of Wellington, for tie debenture holders. The casts opens on Monday, and is expected to occupy three days. EXPORT OF BUTTER. DISTRIBUTION OP PROFITS. (PBESS ASSOCIATION' TELEGRAM.) WELLINGTON, July 34. The Butter Conference closed without any definite conclusions being reached. It was decided to make a proposal that the 50 per cent, share of the profits on the export of butter shall be divided between the inpphera of the local market and the exporters. The Imperial Supplies Department Sill receive the whole of the 50 per cent, ihsre from the Imperial authorities, and will undertake tho distribution of the money SOODg those entitled to receive it. This proposal will be put before all concerned Shortly. The Dominion Committee is now making the necessary arrangements. Mr A. Morton, chairman of the Dominion Butter Committee, states that an equalisation fund is now in a fair way to be established, whereby the producers who have eacported and those supplying the local market Vill participate. Mr Morton points out that the contract with tho Imperial Government forth* and export of butter expires on 81st July, and subsequent arrangements will be subject to the establishment of an tqtulintion fund, wihch Mr Morton says should dispel any anxiety as to A tho ,lo<»l price* for butter'* not being maintained ai the present rate.

MILBURN LIME AND CEMENT COMPANY. PROPOSED AMALGAMATION. Shareholders of the Milburn Lime and Cement Company have received a circular iniim&ti that an amalgamation with the Eiring phosphates Company is proposed, and will be submitted at a special meeting to t« called for that purjjose. The Ewing Phosphates property odjoinß that of the Milburn Company. It is proposed that the price to, be paid to the shareholders of the Ewiuj? Phosphates Company for the •whole oi their properties and business shall b? eatipfied bv the allotment to them of 30,000 share® of £1 fully paid up in the Milburn Company, ana the payment of the sum of £5000 in cash. The consent of the Attorney-General to tho increase of capital is to be applied for immediately, and if it iB given a special meeting of, shareholders will bo called, at which the .necessary resolutions to provide for tho mf ciwac of capital will be submitted. BUBNSIDB MARKET. ' (PRESS ASSOCIATION TETKr.RAM.I DUNEDIN, July 24. At Bumsido to-day 263 fat cattle were pemwd, mostly of good quality. Prices declined- ISs to 20s per head as compared with last week, but competition was good. .Beat " bulloiW nUtfe £21 to £23 extra to £24 good £17 10a to £19 10a, medium and light £1* 10a to £18 beat cows and heifers £13 to £14 10s, extra'to £16 10a, medium £11 to £13 10s. light £9 10s to £10 10s. ■ • Sheep—l 772 were penned. The entry w-as only sufficient for butchers' requirements. Beat quality advanoed 2s 6d per head, and medium Is 6di B"st wethers made 48e to 525. »xtia to 695, good 42s to 465, medium 35s to Ma best ewes 40s to 455. extra -to 60s 9d, medium to wod 33« to 36a, li?ht Ms to\2*s. Lambs—37s were penned. The quality was fairly (rood, and prices were equal to late rates. Best made 28s to 80s, medium to 25* to 26s 6d, light and unfinished 21a l 0 very small entnr of fata and store® met a keen demand. Prices for fats adranoed, while stores realised late rates.

YESTERDAY'S POULTRY MARKET. . Messrs J. B. Merrett and Co. had a small entry of poultry yesterday. Prices roso con--1 *id«rably. Table chickens were 7s to 10st 2d, dnoks 7b to 108, lions as to 7s 7d, pullet® 7a to 15b. pees© 8s to 10s, turkeys lie 6d to ' 82s 6d, all per pair. ' THE EGG MARKET. The ogjr market » in an unprecedented position! The cold weather has affected sup- , plies so badly, and tho demand is so keen, that Canterbury Egg Circle first-grade are 1 2s !6d, seconds 2a 4d per dozen. For the corresponding period last year egg* were la 7d per dozen. 1 CHRISTCHURCH STOCK EXCHANGE. LATEST QUOTATIONS. Buyers. Sellers. £ a. d. £ s. <L BANKS •. Union of Australia. «■ 56 10 0 —• INSURANCE— Standard .. 2 16 —• SHIPPING- ' «. . , „ ■ Huddart-Parker t.« 118 3 119 0 WOOLLENS— Bruce ... — 111 0 ' — Kaiapoi ». 7 3 6 — CEMENTSGolden Bay .. i.. ulB 0 — MISCELLANEOUS— • .N.Z. Paper Mills .. 12 6 13 3 Whitcombo and Tombs 517 6 — MINING— "Waihi .. .. 117 9 — • Waihi Grand Junction 0 12 5 — YESTERDAY'S BUSINESS ON OTHER EXCHANGES. • (press association telegrams.) ! ' AUCKLAND. Bal*s:—South British, £5 8s; Waihi Grand •Junction, 12a 6d; Talisman Consolidated, 9s 3d to 9s Od. V--' DUNEDIN. ■ Sales:—Talisman, 9s 7d, 9s 9d. . V Sales reported:—Waibi Grand Junction, * 5 U» 6d, 12s 6d.