COMMERCIAL ITEMS

Dominion, Volume 10, Issue 2887, 27 September 1916, Page 8

COMMERCIAL ITEMS

WAIRAEAPA FAHKEBS' CO-OP. The report of tlio directors of the Wairarapa Farmers' Co-operative Association tor the year ended July 31. states that trade for tlie year in New Zealand has been good. All goods realised: remunerative prices, which had tho effect of making all trades and industries prosperous. After having made ample provision for bad and douhtful debts, depredation for stock'and plant, auditor's fees,; end having contributed > liberally to patriotio funds the net profit for the year ,*is £15,273 155., to "which has to he added £12,008 10s. 10d„ carried forward from last mailing a total . available - for livision of £27,282 6s. lOd. The directors, ■eoommend tho distribution as Dividond an capital, 8 per cent, free' of income tax:- bonus to shareholders . on ifieir purchases Zj per cent.; ' bonus : to' managers and heads of such departments is have contributed a proportionate sliaro )f profits, and a bonus to .employees ■who 1 lave been a full year in the. employ, of iho association at tho, rate of 21 per cent., in the year's'salary. After paying tho: Sovernment income tax and directors'

honorarium there -will remain £12,500 1 be earned forward to next year'B account Thirty-right members of tho *«taff rc eponded, to the call of t.ho Empi.ro, cn< out of thoso returned wounded and in valldcd employment hns been found fo five. Customs duty collected at, tho port o: Wellington yesterday amounted to £446! sb. lCd. SOUTHERN MARKETS. ■ By Telegraph—Press Association, " ' Chrlstchurch, Soptembcr 26. There Is still cv fair quantity of ■wheal chancing hands, chiefly to fill orders foi tho North Island, and prices remain firii at late quotation*. It, is roported thai space may bo obtained in one of tho Uom< boats for a quantity of wheat. Th< potato market is without chango,' the price, being £6 ss. to £6 10s. at eouutrj stations; according to distance: The Koromiko, loading noxfc "week, is e*pccte<i to .take away ell tho potatoes at prcsenl on order for Auckland. Seed potatoe* are being inquired for, and arc reportcc to be scarce. Supplies nro bcinir iiiQUircc for by North Island. LONDON WOOL SALTS. The New Zealand Loan end Mercantile Agency Company, Limited, have received tho following cablegram- from their London nonso, under date September 22:•Sales closed with pood demand. As com pared with July 28 merino scoured and interior greaay arc 5 per cent., crossbred scoured 5 per cent, to 7-.\ per cent, lower.' Messrs. Dalgety and Company, Limited, hare received tho following cablegram from their London house, undor date September 22:—'"The sales closed firm. At compared with the closing rates of Inst sale supor and good scoured merinos arc frorai par to 5 per cent. lower, and short ana famlty declinod 5 per cent, to 10 pci I cent.; supor . and* good greasy merino? | wore hipher by 5 per cent., but short faulty ditto woro 5 per cent, lower. iVco Jambs were 5 per cent, higher, but fftultics wore 5 per cent.- lower. Fine greasy, crossbreds advanced 5 per cent., and medium 'and ooarso 5 per cent, to 71 per cent. Scoured crossbreds were lower by 5 per cent. • ticoured free lambs were 5 per cfcnt. higher, but faulty declined is per cent. Slipes were from par to J Fn e L? c pt", htehec. Tho Home traSo bought 87,000 bales; tho Continent 6000, and 10.50 C bales were carried forward, of which'MOC .wero not offered." HIGH COMMISSIONER'S MARKET The Department, of Agriculture, Industries, and Commerce has received the following' cablegram, dated London. Sep. temberlk, fromi the High Commissioner for Isew -Zealand. (Kote: Quotations, unless otherwise specified, are average market prices on spot):— Meat.—Lower prices are being quoted for Argentine mutton and lamb, owing to in« creasing supplies of Patagonian. There is a less demand for ewo mutton, but a good demamd for New Zealand' lamb. New Zealand mutton. per lb., Bgd.: owe mutton, Bid.; ( Argentine mutton, 7?di; Dutch jjiutton is Jn fair supply; heavy* Treiffht mutton, BJd.; Ifcht-wsisht./lOid.; oVj W Zealand lamb, 9id.; Argentine lamb, Sl3' : . American Pork, in good demand, 9jd. to lid. • There are no supplies of . •?£ Zealand beef available. Argentine, chillcd beef, .hinds 93d., fores 7£d. Buttor.-Th© market closed firm at the advance. . There is a restricted demand fl-t" Present prioes. Danish, salted, per cwt., 200s. to 2045.-; Irish creamery, 188s. to 1905.: unsalted, 190s. to 192s.Canadian, altod, 186s, to 188s.; Now Zealand, salted, 190s. to 1925.; Argentine, unsalted, IMb.; States creamery, salted. 180*. to 184s. Cheese..—The market is quiet but steady. (Mutilated word here) generally in sympathy ,-with cheese - position in Canada, where continued heavy buying on account of Government is roported. Canadian, white 105s. to 1075., coloured 105s. to 1075.; English Cheddar, 114s. to 1165.; New Zealand: The market is steady, with fair demand at current prices; whito, 104s. to 1065.; ooloured, 104s. to lC6s.; States Flats, white, 1028. to. 105s. ; ; Hemp.—The market is quiet, but firm, (rood >fair New Zealand hemp, per ton, £50; fair, £48; Government graded fair Manila, £52; ooarse, £49 10s.; OctoberDecember shipment, good fair New Zealand, £49 10s.; fair. £47 10s.; Government graded fair Mauila, £51 10s.; coarse, £48 10s. The outDUt of hemn at Manila for t,he week ended last Saturday was 23,000 bales. Wheat—The market is qniflt; prices are slightly weaker. Canadian arrived, 665. 6d.; .October-November shipment. 655.; Australian, shipment in October, 68s. ' Oats.—The market is quiet, but steady. Argentine, on spot, 325. ' LONDON METAL MAUKTTS. Australian-New Zealand Cable Association. (Rec. September 26. 10 p.m.) • London, September 26. Copper.—Spot. £115 153.; 3 mouths, £113 10s.; electrolytic. £136 10s. Lead.—Spot. £30 10s.; 3 months, .€29 10s. fipeltor.—Spot, £52; 3 months £46. Tin.-rSpot, £172 2s. 6d.; 3 months, £172 12s. 6d. Bar Silver —3215-16 d. per oz. standard.