FARM & COMMERCIAL.

Dominion, Volume 7, Issue 2243, 1 September 1914, Page 8

FARM & COMMERCIAL.

BUTTER IN COQkSTORE _ The following figures show, the ''Quantities of'M. ;tter in-cool.- store at-:.the. : .various"po; ;s throughout She'-' Dominion on August 31:—c^-'"^ ..-:■■„ .«-.'«..'.:. Boxes. Auckland '.;£;;:;.......«,' 7,294 , ■ -Ne J^Plymouth~.;w.: .::;.w 2,732 ■ < Patea ; 2,593 : ' 3,121 LytMton'^;;!V;Sm;:..:-' l -552 Dunedin '^, f 5-'.';ir.V-S'.:.''.V'"-':; 854;'. . Total-, 17,146 ;: Tho [total'on: August 31, .1913, was '6615: boxes, mklHlie -total on August 31, 19i2'' : . The balancb-sheets'.'of. the various ..but-. . ter and K cheese companies operating in tbe Patiiatua district for the 1913-14 season, recentljvpiiblis'hcd;'.:show that the dairying industry is;a-'great sovereign distributor;m the;. Pahiatua district (states our--Pahiatua correspondent). "The sum paid out during the seasonas advances on butter-fat by the six principal companies was -well over £90,000>5and this--does '. not' include -'Lonusel~.br dividends" "which in some cases are not. paid until Soptembor. The : total advances to suppliers were.as follow:—BaJlaiico (butter) £55,637, Rexdalo £12,956, ' Manga.taiubka;, £BSBO, y Tararua-i'6936, Kaitawa.£42lo, Mangarama £3738; total ) --£92 1 357. (The five : litter Companies manufactured cheese.) The total of the bonuses are not set out Sn tho balance-sheet, but they must rim ■ into a considerable figure, for while tho V'Ballanca.Conrpany only paid put £55,537 'in advances, its receipts for the.season totalled'"£64,S9i3. . The Rcxdale (Mangamaire) -Company's revenue for the seaeon was £17,035, while . £12,956 was - j'.a'id out;in advances for butter-fat. In each instance, there is a considerable margin 'over working expenses. Thus the total which will be finally paid to milk suppliers for the 1913-14 season, will be considerably greater than £92,357. When the by-products aro taken into account, '-. it will be'safe to assert that the dairy- - "ing industry was responsible for distributing ab least £130,000 in the Pahiatua district during the past, season. Tho Mangahao cheese factory, which" ■"was erected on tho recently-opened ■ : Mangatainoka Block at the lattercnd of last season, and which manufactured cheese for a short period, reopened this ; week. It is expected that the output ." this season will bo between 80 and 100 tons. . '. Ever considered the advisability of installing a water-wheel on your property? ' There's a lot of power running to waste in that swift stream-enough/to drive all rour farm machinery. This is a good jound proposition-means money to you. ■Write'"for particulars. A. J. barton, ',: Sheet Metal and Plumbing Works, Carterton.—Advt. • . '

' The "Omega" Milking Machine has no Rubber Tubing at all. It took first prize at the-Royal Agricultural Show in Eng3and against all-comers. Beat them on air points. We are agents,, and can supply a few plants this•season.■ We also, supply "you & Separator and. buy your cream.- For further particulars write Wanganui Fresh Food,and Ice Co., buy-, 'ton Street—Advt.

. LIVE STOCK SALES.

The New Zealand Loan and Mercantile 'Agency. .Company, Ltd., report :-At our fortnightly Jalo held in ou# Levin yards on August 28 thore was a medium yarding o£ cattle-: We quote as follows :-Eight*en, monthempty heifers, to £375. 6d.: iiftcenmonttt "empty heifers-, to '£2 10s.. 6f1.; cows with calves, to £4 10s.; dairy cowb m milk. to £5 10c.; dairy, cowb, springing, to £6.

COMMERCIAL ITEMS

. '■'- INVESTMENT SHAKES.' No business waS'done to investment Shares-yesterday. The quotations were as under :-"•.:, '■"''_ „ „ Buyers. Bellars. ,'-'• ■ •'"'■' £s.d. ■ £'«. d National Bank ..-. - • -J Jf f> Leyland-Olßrien ""..'.........,,"— J • 1 » Goldcn;Bay Cement........ -- 1 - ■■— -■ , 1.-« 0 mutual ''life-insurance-of new..yoek.:,; The report of tho Mutual Life Insurance' Company-of New-York for 1913,- as submits ted to the! Board'of, Trade,.shows that the reserve held for the due fulfilment.of policy contracts amounts to £101,240,?W, an increase during the year of £2,150,520. The 'amount,held to provide for future bonuses is £14,919,071, and tho -fund lield to provide for-contingencies nowstands at £2,252,055. The-total savings from interest earnings, provision for expenses and favourable mortality amounted to £3,434,812. The •total fOffda arc £122,987,365, an increase of '£1,569,8253nriii5' the: year,, the total income being £433,219. The death claims and was from" premiums alone. The policies issued from tho London office numbered 1168, insuring £582,574, the total premium income being £433,219. The death claims and endowments paid, from the London office eince its'sstablishment in Great Britain the past "year amounted to £290,407. The amount to £3,510,293,-the sum paid durinc of.bon■uea! byithe J[utu'aUduring'-1914.i5:n0-less than £5,712,226. ' •_

HANCOCK AND CO. (NEW;.ZEALAND). The'report of Hancock and Co.' (New Kcalarid),"rLtd„ for the year ended, March. 31, 1914,. states that ; tho profit, after providing for nil management, working expenses, and income-tax/ amounted to £32,944, which, with the amount brought forward of'-£EO63, makes- £41,007; Debentura £6226, and depreciation of leaseholds, ■' plant and machinery, etc., £8539. The directors propose to pay a final dividend onVthcrot'dinary-'shorcs at. the Tato of ,14, per cent, per annum, making, with the interim dividend already paid, 10 per cent, for the year, to place to general rcscrvo (making this reserve £30,000), £5010, and 4,o.,ce,rry. forward £9092. „ ... . • v; .JiISE.IN PLOTJH,. . . .(lte.s':.'August'3l,,lo.s p.m.) : , i,'. .••-" '.Sydney,' August 31. Flour has advanced- 10f. per ; ton,.and is now quoted at £10 10<.: por-lon.: The in-, crease is'dno to tho dearriese of wheat and to the reeeipt of heavy orders from New Zeal and,'fji.ii, China, and,. Japan. .. :^ining:news,.., WELLiNGTON SHAKE MARKET. There wereMio" transactions in the mining n:ar!;c:;:;;yestcrUay, and the quotations were as follow:— ;."i """''*''-' v' '. Buyers. Kallo.ru. ."f-V■:•. '':■": Hi.A. £s.d. Murray CreSk-jj 1-16 0 — .30irray Greek (10s.) 0 16 0 - Sew Sylvia: „;._.„. H'l 6 ' - — P.nss 0 10 0 14 Swastika ........;. ; — "040 Talisman ' , - 17 9 Waihi - . 1 10 6 Grand Junction —' 110 Wajtangi — 0 10 Watchman • • — 0 2 0 : stock: EXCHANGE. . (By Telegraph—Pros? Association.) Auckland, August 31. On tho Stack Exchange to-day, Waihi mining shares changed hands at 3Cei. 3d., more being available at 30s. 6d. Sellers of Talismans asked 27* 6d., and buyers were prepared to give 275. 'Waihi Grand Junctions were disposed of for 2Cs. 6d. Dunedin, August; 31, A pale in Waihi Grand Junction at £1 Os. 9rt constituted tlte only business to-day;, Tha following are to-day's latest quota- ■ tions, subject to tlie usual brokerage:—. Dredging stocks: Electric, sellers 3s. 3d. '.Mining skxis,: Roxburgh Amalgamated, Felle.ro 2v 9d.: Progress lllnos of Now Zealand, sellers 10s.; Talisman Consolidated, ■buyers £1 75., sellers £1 7s. 6d.; Waihi, buyers £1 10s., sellers £1 11*.; Waihi Grand Junction, buyers £1 Os. 6d., sellers £1 Cs. 9d. .ROSS GOLDFIELDS. The secretary of the Ross Goldfields ha 6 'received the following weekly report from the mine superintendent at RossiNo. 6 Level—No: 7 South drive has been extended 23 feet, and is now 196 feet south of No. 2 East crosscut.' At 160 feet south No. 4 crosscut waß etoTtcd, and is out 8 feet east. Pay wash not exceeding 3 feet in depth has been followed in both these faces Blocking has been continued off Kos. 1. 5, and 6 South drives. No 7 Level—The west drive is now out 9 feet from No. 7 Plat. The main drive it this level is being cut in workable srd<>r so that blocking operations may bo "•e=umed in tho intermediate level of the •ormcr Roes United-' Company. Sampling iterations so far carried out indicate that old workings may bo mined with profit by, this "company.