COMMERCAIL.

Evening Star, Issue 14534, 9 December 1910, Page 6

COMMERCAIL.

A meeting of shareholders in the Otago Mutual Starr-Bowkett Society was held last night, Mr J. H. Wilkinson presiding. The drawing of the free loan resulted in duster No. 96 being drawn, while tho sale loan realised £27 per cent, and £3l per cent. CHEISTCHUKCH WOOL SALES. The second sale of the series commenced yesterday, 18JT9 bales being submitted. The prices realised were.—Super meri noes, Hid to 13d ; medium and inferior, 8d to Hid; super half-bred, lljd to 13i<l; medium helf-brod, lOd to ll^d; inferior half-bred, 7M to 9Jd; super CorTiedale, 12(1 to 13jd ;~ medium and inferior, Bid to lljjd; super three-quarter-bred, to HJd : medinm trrree:qn»rter-bred, 9d to lOd: inferior three-iiiiarter-bred, 7M to BJd; super (.Toss-bred, lOd to lid ; medium half-bred, lOd to ll^cl; inferior cross-bred, 6d to 8d; long wool, to 10i<l; Down wool, to 11 id; merino pieces, SJd to 9-Jd : best half-bred pieces. 8d to 102-d; sewnd half-bred pieces, 5J,d to 7id ; cros6-bred pieces. 7d to 9id; locks and CTuhchings, to 7ad.

TASMAXIAN APPLES. :-... Press Associatien —By Telegraph—Copyrigil, LONDON, December 8. (Received December 9, at 10.10 a.m.) Mr M'CoU, the Agent-General, lias arranged with ;i French company for a trial shipment of Tafmanian ;i,pplee by the first steamer for tho 1911 se;ison. I f tho trial proves tnitc.tvril'ul the company will get further [supplies for London. THE LONDON OMNIBUS COMPANY. Press Association—By Telegraph—Copyright. LONDON. December 8. (Received December 9, at 10.10 a.m.) The General Omnibus Company .paid £32 per onmibu.s during the pa*t nine months for petrol tax, which is pre-vontiug the.payment of the ordinary dividend. RUST IN NBW SOUTH WALES WHEAT. Press Associatiou—By Telegraph—Copyright. SYDNEY, December 9. Rust haii set in among the wheat crops in tho Timiora district, reducing the average by three buehels an a<ve. MOUNT LYELL RETTJRNF:. Press Association—By Telegraph—Copyright. SYDNFA". Deeombor 9. (Received December 9. at 10.30 a.m.) The Mount-Lyoll-returns from November 3 fo 13 (inclusive) ehow that 30,569 tons of ore were treated by tho converters, producing 674 tons of blister copper, containing' 666 tons of (opptr. 53,7560z of silver, and 894t«"0f gold. KAURI TIMBER COMPANY Press Association—By Telegraph—Copyright SYDNEY, Decombor 9. (Received December 9, at 10.30 a.m.) At the annual mooting of the Jvuit'i Timber CompaJiy, tho Chairman, in moving tho adoption of the report and balancesheet, said that a decline in profits might ha.T© boon expected, as 1908 and IQC9 had been the beet yeare in the company\s existence. Tho main cause of the decrease was the larger percentage of inferior log.s. Early in tho yoar £15,000 was on tramways into tjio bush, contiiining timber which it is believed is equal lo any ecen in New Zealand and which should bring a better average. Tho marine insnranco fund also was increasing more rapidly, as a larger proportion of their own risks was be.img la.ken. Tho reduction of £7.000 in inanageiiient t xpen.'at was partly duo to dozing the, Sydney ictail busiucas and partly throueh an improved method of dealin» with trade <liscount in New Zealand. Tho total reduction in profits was £23,803. of which represented let* profit on timber. The dividends from other comp-ny'e h--.l inci i--'d bv £4."00. making tlie total divi-.he. ! .■•.•■.'.•■ir' £9.5-iO. the bala-;. e u"-'i'ig to the credit »,i' p-ofit and los. v.liiili stand.- at £62,020. Oat of this it 1.-. ;v.apO£i<- to pay a dividend of 8 per <.■•.ni.

GEAR MEAT COMPANY wellrxerox, Deo n'■■:■ n. The lepi-'i't of l!r> ■■'.\]\ '! : >i> <»i" ,t!'■-• ('<<:'■■? Meat (.Vinpauy to; ;':• ycir emh<l November 30 st,tte:; that iin!u-clini; the aii.ount brought forward, and after linking allowance for depreciation and payment of an interim dividend, thi.-ro remains a balance of £14.341 Is 6(1. whi.-h lh." < : iiv.!<>r.s iccornnicnd for appropriation ;:s follow* :• Payment of a divi'Vad i;f 10 per cent. (lees interim dividend of 5 py cert. j):ii<l in June), £4,600; to be cirrixl forward to next year's account, £9.741 1s 6d. Owing to the care exercised in ehippincr and handling the company's products at all stages the claims for damage are practically nil. Consequently the directors recommend the payment of a bonus oi 5 per cent, on the capital out of the insurance reserve