COMMERCIAL.

Evening Star, Issue 11893, 22 May 1903, Page 6

COMMERCIAL.

(For continuation see Late Shipping.)

At a meeting of the United Starr-Bow- ' kett Society !ast night Mr E. A. Rosevear (chairman of directors) presided. Between forty and fifty shareholders -were present A ballot for an appropriation of £SOO was taken, Messrs Corliss and Wallace acting as scrutineers. The lucky number proved to be 78, the five shares being held by three shareholders, two of /•whom held two shares each, and one a sirgle share. One of the former was unBnancial, and thus lost the benefit of the draw. Succeeding the ballot there was a sale of £SOO, and £2OO was taken at £3O 10s per £IOO, the balance only bringing £26. A block of land on Lambton quay, adjoining the Union Bank, was sold yesterday at £270 per foot. A Chicago firm,, largely interested in the f'alifornian fruit.export trade, failed, with liabilities set down at about £750,000. Messrs Coesens and Black have received ; n order from Singapore to supply a comp 1 I " hydraulic outfit, consisting of three ii tor and four giants, with all the i sary gear, for the Malaysian ComMONF/S MARKETS. ESSLLii mm t'.'-v .<'j,Tapb—Copyright LONDON, May 21. (Received May 22, a 10.29 a.m.) The Bank rate is 3£ per cent. The American visible wheat supply is 44.764.000 bushels...

Copper: Spot, £62 17s 6d; three months, £62 ss. Tin: Spot, £134 10s; three months, £133 12s 6d. Lead, £ll 15s. THE WOOL SALES. Press Association—By Telegraph—Copyright. LONDON, May 21. (Received May 22, at 10.29 a.m.) Wool: Crossbreds are very firm. Merinoes have slightly improved on the last two days' sales. The Tupupuru clip realised 7gd. * (Received May 22, at 12.38 p.m.) Wool prices are good. Some merinoes have been withdrawn. Cross-breds are still very dear. STOCK SALES. Press Association—By Telegraph—Copyright. SYDNEY, May 21.—At the Homebush sales the demand was brisk and values high. Best wethers realised from 19s; extra, 335; a few odd sheep to 41s; good, 15s 6d to 16s; best ewes, 17s 6d to 225; good, 14s to 15s. A line of 288 from New Zealand arrived too late for to-day's sale. Best bullocks, £l2 to £l3; good, £5 ss; best cows, £8 15s to £9 10s ; good, £7. Best beef, 32s per 1001b. PERPETUAL TRUSTEES, ESTATE, AND AGENCY COMPANY. The directors of the above, in submitting their nineteenth annual report and balancesheet, state that the profit for the year amounts to £1.358 17s 2d, which, added to £3,425 7s 2d brought forward from the previous year, gave an available balance of £4,784 4s 4d. Out of this an interim dividend at the rate of 12j per cent, per annum was paid for the half-year ended 31st October, 1902, which absorbed £507 17s 4d, and the directors now recommend that the balance (£4,276 7s) be dealt with as follows:—To payment of a dividend at 12j per cent, per annum for balf-vear ended 30th April, 1903, £507 17s 4d; to establish a reserve fund, £2,500; and to carry forward to next year, £1,268 9s Bd. During the year Mr Thomas Moodie resigned his position as a director of the company, and Mr Robert Glendining, was appointed to fill the vacancy. It was also decided to strengthen the directorate by increasing the numher to five, and Mr James Hazlett was appointed to a seat on the Board.