COMMERCIAL.

Press, Volume LIV, Issue 16308, 4 September 1918, Page 10

COMMERCIAL.

1 (By Cable.—Press Associat on.—Copyright; (Australian and N./i. t;able Associat.on.j METALS. (Received September 3rd, 9.40 p.m.) LoNDON, Septcrfber 2. Tin—£3ss 10s. Other metais are unchanged. GRAIN AND PRODUCE MARKETS. (Bl- OCR COiIHF.RCIAL EDITOR. Tuesday Evening. There is now a good demand for grass and clover seeds for spring sowing, and the area that is evidently being sown down is larger th.-in wait expected. The potato market shows little change. Prices are somewhat easier in Auckland, due to the southern iind Australian supplies that hav© arrived or are shortly clue. The following are tho prices paid to farmers at country stations- free of commission, sacks extra, except where otherwise stated: — Milling wheat according to Government price, South Island, 6s OVd, f.0.b., North Island, 4d additional. Oats—Seed Algerians, 4s 9d to ss, feed 43 3d to 4s Gd; seed Garton3, "53 to 5s 3d, feed 4a 6d to 4a 9d; seed Dune, 5s to 5s 3d. Barley (nominal) —Prime malting Gs 3d to 6s 6d, medium 5s 9d to 6s. Flour—£ls 10s per ton; 1001b bags, £16 ss: 50lb bags, i'lO 10s: 251b bass. £16 15s. Bran—Shipping £5 10a, local £5 15s oer ton. Pollard—£7 10s per ton. O^trueal —251b bags £30 per ton, 71b bags £34 10s per ton. Oatsheaf Chaff—(Nominal), heavy bright £6 10s to £7, medium £5 to £5 l'Ss, inferior £4 to £4 10s. , Cocksfoot—lOJd to Is 3d. Ryegrass—Heavy perennial 4s Gd to -Is Dd, liguter 4s to 4s sd: Italian 3s 9d to 4a 3d; Westernwoltbs 4s to 4s Gd. White Clover—Clean la 9d to la lOd. Red Clover—ls Gd to Is 7d Peas—Partridge, Cs to 6s 6d, White Ivory lis 6d to 12a, Blue Prussians 15s to 36a Blue Imperials 16b to 18s, Scotch tares—los 6d. Beans— 6s 6d to fie Od. Rajjo Seed—4d to 4>d. Onions—(Nominal) £20. 'Linseed—£2s to £26. Potatoes—£3 53 to £8 10s, Dakota Reds £8 ICo to £8 15s, seed potatoes £t 10s to £0, according to variety. Jlanga'.s— 27s Gd per ton. RANGIOR,A MARKET. The Rangiora market yesterday was a small ono in the sheep department, but the' cattle and pig pens were well filled. Tho yarding of sheep consistc of 97 fat 3 and 741 stores. Fat wethers made 34e to 41s, ewea 30s to 435, and hoggets 27a G-.l to 325, two extra heavy making 39s and lis 6d respectively. , The prices realised for etores were:-—Four and six-tooth withers 345. 9d, 25s M ■to 355," empty ewes 23s Id, and aged ewe 3 in lamb 235. . . Cattle—There was a yarding of 86 .head and an exceptionally good demand. Fat cowe made-.£3 to £17, fat et-eers £13 to £16 10s, IS-montlis eteere £3 10s, yearlings £6 to £7 15s, store cows £5 to £8 lfie, springers £12 to £20 .Gs, older springers £8 10s to £11 10s, springing heifers £9 to £12. Pigs—About 220 pigs were penned. Baconera made '80s to 120s, porkers 55s to 70s, stores 45s to 483, and small oorts ISs to 28s. In .the poultry department roosters sold to 9s.Bd per couple, hens Gs 6d, ducks 7s, turkeys ate. In the produce,yards chickwheat 5a 6d to Gs 6d a bushel, oats 4* 6d to 5s 6d, grassseed, to 4s 6d, Capo barley ss, partridge' peas 7a- wheatmeal 20s per 2001b,' oatsheaf ohaff 53 6d a sack, straw chaff 2a 6d, potatoes 13« to 15s, parerfjps 4s, caJrote 4s, swedee Is kit onions, 6s kit of 40lb, apples 7s 6d to 9s a caoe. ASHBURTON STOCK MARKET. Owing to the rain throughout Monday, and the unsettled state of tho weather vesterday morning, there was a very small yardingat the weekly stock sale , at tho Ashburton yards. The • entry of ' fat sheep, aggregated 194, and consisted solely of wethers. Prices ranged from -S4s 3d to 493 6d. Among tho sales were:—-For B. Lill (Tinwald), 3 at 49s 6d; C. J. Peter (Anama), 30 at 41s; G. Leatham (Laurieton), 55 at 40s 6d ; D. DufE (Mayfleld), 03 at 35s 2d to 37s 3d. The. yarding of store sheep aggregated 886, and included 550 hoggets, the balance being ewes, and with the exception of two small lines of hoggets every lot submitted found buyers. Ewe hoggets made 2ts • 6d to 243 9d, .wether hoggets 25s to 275, mixed sex 16s 7d to 27s 6d, two-tooth ewes in lamb> 42s 6d, two, four, and six-tooth ewes 275, aged- ewe 3 fis 4d.. I . . The principal sales were;—23o two-tooth ewes in lamb 42s 6d; 24 ewe hoggets at 24s 9d, 11 at "fa e<r, 18 wether hoggets at 275, 130 at 255, 60 aged ewes in lamb 8s 4d, oL two, four, and "six-tooth ewes 275, 40 mixed sex hoggets 18s lOd, 91 (noor condition) at 16s 7d. ' Only four head of cattle were yarded, Jersey cross springers making £f) 10s and £15. N.Z. FIBMERS' CO-OPERATIVE ASSOCIATION, j • THE YEAR'S WORK. At a rceent meeting of directors of tho New Zealand Farmers' Co-operative Association, Ltd., the balancc-fihect for the year ended July 31st, 1918, was considered. It showed that tho profits for tho period had amounted to £55,556 19s 7d, which, with £13,226 7s 7d brought forward from last year, makes a total to bo dealt with of £60,113 7s 2d. It vas resolved to aliocato this kutdlus a-i follows :—To pay 6 per cent, interest "on the preference sharo capital (£19,250); to pay a dividend and bonus equal to 8$ per cent, upon the ordinary uaid-up capital (£17,700) (free ot' Income Tax in both cases); to placo to the resorve fund the sum of £7312 7s 6d, which, with £2187 12s 6d representing premiums on ordinary shares allotted during tile year, will then stand at £160,000: to write 10 per cent, depreciatiou off machinery and plant (£2970); a further sum of £1000 Jto provide for depreciation ori motor vehicles used in tho Association's service; to contribute £1000 to the employees' superannuation fund; £3000 to the special fund to provide for contingencies with respect to members of the stafi at the war. Provision is also made for a war bonus to tho staff on tho same basis as last year (£3500). The year's profits have also permitted of a payment of 4 per cent. to shareholders on their purchases of general merchandise' (sundry net items excepted), and a rebate of 25 per cent, on sundry commissions earned (net busices ansd wool excepted); and to carry tho balance (£3880) forward. ■ Tho chairman, in commenting upon iho results of the year's operations, paid a high tribute to the staff's splendid services during the year, which had so materially contributed to the success of tho business. The manager, in acknowledgment, said ho had received a most loyal backing from ono and all; indeed, he considered no staff could have possibly worked more zealously and harmoniously than they had done. EGG MARKET. At the auction sale of guaranteed freeli eggs, held by Messrs Harris Bros., auction-

ecrs, yesterday, on behalf of the Canterbury Egg- Farmers'" Association, there wns a very large entry, and every lot was sold at tho following rates:—First grade hen eggs realised Is 3d per dozen, eecond grades Is 2d per doie;i, duck egps Is 3d per dozen. Competition eggs Is ijd per doier. 1 THE SHIPPING POSITION*. (SPECIAL TO "THE PRESS.") WELLINGTON. September 3. It is believed now that a good deal of dairy producc will be shipped during tho next three or four months: at all events, storujro accommodation for the new season's malic of butter ard cheese wi!) !>■* r.mpie. A certain quantity of wool is beio? r.hipp?d. but not as much a3 the brokers would liko t»> sec leave the Dominion. More st-orace room ior v-col is beins provided in Wcllinsio':, and unless the shipping shortage is very pronounced. tho position as regrards wool will not be*- of a disturbing character. DOMINION CUSTOMS REVENUE. (PRESS ASSOCIATION" TELEGRAM.) » •WELLINGTON. September 3. Dominion Customs revenue arc: — Au-.. 1918. Aug., 1917. £ £ j Customs Revenue • - "258.034 326.565 j Boer Duty 16,000 13,203 CHRISTCHUnCH STOCK EXCHANGE. ! YESTERDAY'S TRANSACTIONS. | Sales reported :—Colonial Supar (Fiji and iN.Z. pref., 6 per cent.), £20. 7s Cd. LATEST QUOTATIONS.

YESTERDAY'S BUSINESS ON OTHER EXCHANGES. (rRESS' ASSOCIATION TELEGRAUS.) AUCKLAND. Sales:—Colonial Sugar, £03 7a 6d; New Zealand Befrigerating, .£2 4s 6d; Wilson a Cement, lis 3d; Talisman Consolidated, 9583. DUNEDIN. Sale reported : —N.Z. Drug-, 54a. WELLINGTON STOCK EXCHANGE. (SPECIAL TO "THE CTIXS3."> WELLINGTON, September 3. Gas shares as a, group appear to-be weaker than other groups in the. Stock- Exchange lists. This is probably due to the coal problem, as it is a well-known'fact that relatively -more gas is extracted from Newcastle coal than- from New Zealand coal, and the former is not easily procured. Wellington Gas shares, jEIO paid up, changed, hands today at £11 10s, iind Napier Gas shaores, £3 paid, which have not been quoted on tho Wel--1 lington Exchange for many months past, were- sold at below par. A parcel War Loan stock wn3° quitted at .£9tJ ss. National Bank shnre.3 have slightly, and buvers are now offering £6 3s. Gear. Mea.t shiircs sold at £20 5a and £5 for the respective issues. ITuddart-Parkcr shares are firmer, with buyers at 41s 9d. X. and Deferred Stock waa in demand to-day at £373.

Buyers. Sellers. £ a. d. # ■. d. INSUBANCE- , National •• ..310 . , South British .. .. 6 b 0 — Standard (ex div.) •• 2 4 0 LOAN AND AGENCYri.Z. Loan and 'Mercantile (ord. stock) .. S7 0 0 — SHIPPING— Huddari-Parkcr . • - - 6 Huddart-Parker (G per cert., cum. pr«{.) •• 110 — Northern (143 Gd paid) 0 1G 6 0 17 6 FROZEN MEAT— Canterbury • • • • 0 0 i\.Z. Kcfi iterating .. 2 o 0 •\VOOLLEi\S— _ . ICaiapoi , .. i o 0 <80 Christchurch •• 5 15 0 — CEMENTS— . . Golden ±iar .. 110 MISCELLANEOUS— Booth, Macdonald •• — 110 Burn?, Philp (Sydney) — 1 17 6 Cant. Farmers' Co-rp. (6 per cent, pref., xo div. only) .. • • 5 5 0 Canterbury Saleyards .. 1 13 0 Co'ouial Sug-ar (Fiji and N.Z., 6 per cent, prei.) 20 5 0 -0 < 6 Mason, Struthers (cum. div.) . .. 1 6 — N.Z. Farmers' Co-op. 2 4 0 — "Whit-combs and Tombs G 2 G — MINING— Mt. Lyell 1 11 6 — Waihi Grand Junction 0 13 6 — COALWrstport. .. • ■ 110 3 "Westport-Stockton (fe per cont. wm-cum. pre'.) — 0 11 0