COMMERCIAL.

Press, Volume LVI, Issue 16945, 21 September 1920, Page 10

COMMERCIAL.

INDIAN 'JUTE CROP. A SERIOUS SHORTAGE. (Br ( jljlf? —Frc-juf Association—Copyright.; ('Australian and N.Z. Cablo Association.) <"Recervrd SeniemV r 2t'th, 5.3 p.m.) CALCUTTA. September 19. Ti.e jute crop ia officially estimated to .-•mount to bales. This is tlio smal'c«i cros> sincc- 1903. and 40 pet <wt below •r" lii'he-it- recorded in 1014. It is antici--.,-i.tod tha t. r-j ruv Material will be av.iilt' -In firr escort. dctcji EAST indie* product.?. ■ li'toirod September QOtli, 5.5 p.m.) AMSTERDAM. September 19. The *! ir.ister for tho Colonic has ir'ro-•,'--oed a Bill in Parliament hjcrcasnajr th? -zjjnri autioß on j:eariv all the staple r 'r':tncl<! of the Dutch Hml Indie". and n!=o .'wpoaiuy direct. ia™.- on sugar, rc-fTee, f«a, • r>.l cincbocii hark. " 11P.0K EN JTILL- proprietary, lit*. MELBOURNE. Seplemlv.r 20. 'H;c Broken Hill Proprietary Company, >.'r!.. *- rr.i-'ir£l,S/!0.IX>0 !>y debenture? to ■nvjd.' additions? «-uizimcr.i ir-r the> Sw•;{ir- steel plant. NEXT REASON'S WHEAT CROP. the goyerxme.vt purchase. (~rr.n.\T. to ''ttte trkss. ,,x TIICARU, September | Mr v.*. <:. McDonald. Wheat Controli-or, ■ .is iii Tirnum to-'lay, and met tho member? j ••i tho South Canterburv e.v»cutivo of uto j Zealand Farmers' L'nioit, with, whoiu iin di?ini-\+e<l. the pUTchasa by tho Govcrrrctvnt of the coming season's wheat crop. Mr •lohn Trotter i/residt-d, and there was a : »rL'c attendance, representative of the wholo ii-jtrict. In addition to th-j farmers preMr AVm. Evans, of the Atlas Mills, • .).4 in attenrlar.ee. Tiie business r.ap taken in committee, but ii understood (hat after discussing all r.ointfi about which there was any doubt, Mr McDonald wrk- able to thoroughly uatisty 0 present. CARGO PILLAGING. 'Hie constant pillaring of cargo ie a subtha<t has been occupying the attention of mcrcltants and pooplo generally from ono i-r.d of the Dominion to the other; as a matter of fact it has rc-.ichod such a stago j-s almost to warrant ono describing it as .i. rr.enaeo (says yesterday's "Otago Daily Times.'). 'Che increase during recent yearn, not in mero pilfering, but in systematic pil!V>ge, lii'B been very heavy, and it is generally recognised .that something must bo done to meet tho situation. With tho object of gaining the viewe of those chiefly concerned, tho Dunedin Inrporterfl' and Shippers' asso ,ciation conceivcd tho idea of holding a conference, delegates- to represent not merely those suffering tho lc<s3 of goods, hut tho Hhippiii!? coinvanies atoo, and tho ■various orconnected with tho handling l of the poods, including tho watersido workers and the carters. This conference assembled on- Thursday evening, when tlio existence of the evil was generally admitted, and tho whole matter discmssed at great length with ■j, view to finding a remedy. It ia said that there was a. consensus of opinion that something- nnmt bo dono to put a stop- to i.hn practice, and many suggestions were made. Among them was one of a better police rapervision on tho wharves, it bein? freely, stated that representatives of law and order were rarely eeen about tho vicinity. It -wan also suggested that thopo should ha an abfwluta prohibition of loiterers on or about the goods sheds. More adequate custom house fi-upervision was also urged, and other methods that would meet certain contingencios. The decisions of tho conference v.-ero placed tho following day beforo the T'inance Ccrarmitteo of the Harbour Board, :md members agreod that better 6nperrisiou Wth by the police and tho customs was . necessary.- The Board also ogToed with the irlea of the exclusion of loiterers. HAEDWAHE PRICES. (special to "the rnßss.") DHSOSDIN. September 20. Manufactured hardtvaro that oomes to New Zealand is still climbing in price, and none '.of the merchants, even those of the keeneet . vision, professes to ace the limit t?i which it may go. Pressed on the subject to-day, one of the experienced importers said: — ''There are two or throo mamifacturo.rs who are casing vahme by n. little in a 'few linos. Theso -are firms who have been able to get ji atari again at their old' businopfloo that ■were interrupted by the war. They pot temporarily out of timch with the trade, and uro now cutting a trifle so as to restore the.'r oversea connexions. That is tho only hope of tho future: that as more manufacturers gci going l again competition will be resum-t-d, but it will lie> a while before thero ia any, reduction, tlvat will benefit the com•nmnity." SALE OF MOTOR TRUCK. Jones, McCroistie Co., Ltd., sold 'during ; the aale of 3i£ra Grant's furniture, otc., =. i Napier delivory track, for £225, to Mr Mill. CANTERBURY FARMBRS' CO-OP.' : ASSOCIATION. The 27 th animal meeting: of eliarehofderfl ' of 'the Canterbury Earners' Co-operative Association, Ltd., will ho hold in Timaru' 1 this week. Tho report states that the 1 directors aro jileaeed that they aio again 1 abltt to cocgratufiate.shareholders on tho high- 1 lv satisfactory Jesuits disclosed by the bal- ' unco-sheet for tl*o year ended Jnly 81et last, * the •trading operations having eclipsed all ' previous record*. Tho share allotments dur- * jug tho year, were OGSI ordinary share# ana ' ■' 4159 preference shares. The present number of shareholders is 43129, and tho paid-up capital amounts to £285,800. Provision has ' lx;tn made for crediting shareholders' ac- j counts with discounts of 5 per cent, on all purchases, and lobatea of 25 per cent, on „ all com-miseioue, wool excepted. Tlio net 1 r.rofit for the year was £60,027 6s, making, with tho balance of £2121 4s $d brought forwWd. a total of £62,146 10a 5d available for distribution. . It is* proposed to pay dividends of 6 per cent, on pxaferejioo eharcs, and 85 per cent on ordinary ehares, tho I dividend on the ordinary capital showing an « increaso of i per cent, over the rate paid i "last year, and to transfer £10,000 to tho Re- s servo Fund, which will then total £75,122. l After making proviaion for land and income j tn*- which laet ynar amounted to JK.4,871 4* i Td,' the balance is to bo carried forward. A j •Kcmue of 5 per cent, is to be paid to thlo f staff on salaries earned. i CHRISTCHURCH STOCK EXCHANGE, i LATEST QUOTATIONS. t Buyers. Sellers. * ' £ s. d. £ s. d. 1 DEBENTURES-. I X.Z. Govt. 4S per cent Bonds, 183S .. — S4 0 0 = BANKS — ■ I Commercial of Austra- r 'ia (4 per ccnt. cum I® prof.) .. • • 6 - 1 '" 1 0 • — j Xtttioual of New Zealand — 611 9 f , Now Zealand — 10 0 J Union of Australia. — It 5 0 t iXSUKAXCE— „ I Standard ..• .. — S 0 0 t SHIPPING— Huddart-Parker .. — -17 0 t KKOZEN MEAT— 1 Canterbury .. .. — 14 10 t. r N.Z. Refrigerating (il 5 paid) .. •• - i 7 0 t >\Z. Refrigerating t paid) .. .. — 14 0 1 WOOLLENS— fc I Kaiapoi (10a paid) — 010 0 t Kaiapoi (prei. xe div. omy) — 111 <5 f .GAS— . v Christchurch ... .. fi 5 0 6 1,0 0 ( BREWERIES— 1 Crown .. .. — 1 18 0 o Manning • • • • — 4 1 0 t MISCETiTiATsi^OCS— — c Heath, Schiesa, Felatoad 19 0 110 0 1; Booth, Maoaonald ... — 1)19 8 ! British Tobacco (Anst.), n (cum div.) ... — 1 18 •"* a Bavua, PhCp (Sydney) — -2501 N.Z. Sugar of Milk (com div.) .. 2 7 0 310 0 "Wliitcombo and Tombs — 4 0 0 AUCKLAND, Sop-Amber 20. Safe on 'Chaago—Loan and Mercantile, £I£3. DUNE DIN, September 20. SaJea oa 'Change—Goldsbrongli Mort, 4Gs e ] £d; P. and O. £ICO. — _ cl SHORTAGE OF CEMENT. (rBBSS ASSOCIATION TELEGRAM.) WELLINGTON, September CO. g. Mainly owing to the lack of 0001, the Boari ol ji Trade reports that the position with re- li gxrd to cement supplies' was never more a: axmta than ai tho present time. I, "■ ——> U, Mil ... 1 1 B4 . 0( ' Too won't fe<w influenza if yaa. keep m Pynetha handy. It ia ( oudden death ii to dangerous germs, and. it is most effective of all inhalants for warding off the firet symp- ci ■torn* oS thia dread dieease. . -Pyiaetha im- el mediateJy aoothea and roliovos the .breathing "V rxtssagee. No traveller should Vo without p it. ■Als 6d bottle contains, twice <ui many tl tioaee aa most gimiliar preparation"!. AiJc for ii Chemiate and Stores. - ».. 5 d