COMMERCIAL.

Evening Star, Issue 14966, 28 August 1912, Page 6

COMMERCIAL.

Silver quoted at 28g<l. -per oz. The firm of Anthony Hordern a.n<l Sons j (Sydney) has been formed into a limited j liability company, with a capital of : £2,500.000.t0 carry on their universal pro- j viders’ business in Sydney. London, and 1 elsewhere. f The annual meet-ins;- of the Kaiapol I Woollen Company was held yesterday, j The director's report stated that during j the year the staff and plant had been j fully employed, a.nd that the result of | the year's operations enabled the directors i tii recommend the usual allocations for \ dividend and tho further etreng6fceniiio- of j the reserve fund. The various properties arid plant were in excellent condition. I Tho emu of £1.592 had been expended in t new plant, £1,834 in repairs, and £4,000 j was provided for depreciation. The profit j and loss account, after payment- of an in- ! terim dividend to January 31 last, showed a balance of £12.335 available for distribution. a.nd the directors recommended tho following - allocation : —£7,608 for payment of half-year’s dividend, malting 7 per cent for the year on ordinary and 6j per cent on preference shares ; £2.000 to the reserve fund : £SOO to the insurance reserve ; tho balance. (£2,226) to be carried forward to the new account. The report was adopted. The, Chairman said that the past year had been a busy one, and I all previous records had been surpassed. The only trouble was the want of labor, and large orders had to be declined on that account. Tho outlook for the future was bright, and he. could see no reason for the. gloomy views held in some quarters as to the state of trade in New Zealand. The South Canterbury Farmers’ Cooperative Association have purchased Messrs. Manchester and Co.’s business at Waimate and its two branches. This is the principal proprietary business in the Waimate district, and the oldest under continuous ownership in South Canterbury. STOCKS AND SHARES. Press Association—By Telegraph—Copyright. LONDON, August 27. (Received. August 28, at 11.30 a.m.) Australian Mercantile Company, £97 10s; Dalgety and Co., £6 to £6 10s. THE WHEAT MARKET. Press Association—By Telegraph—Copyright. LONDON. August 27. Wheat : An Australian cargo has been sold at 39s 6d. and two others at 40s. RAUBITSKIN REPORT. Messrs Dalgety and Co. report :—A} our sale on Monday we again offered a very large and attractive catalogue, all classes of skins being represented. There was a full attendance of buyers, and competition was very keen for prime, ami well-got-np skins. Last week’s high values were fully maintained, and in one case- for two bags of super winter does we obtained the record price for the season of per lb, and for another line of super does 441 d was paid, while for super winter bucks as Itigh as 26td per lb was paid. Winter blacks told at up to 35d per lb ; second winter blacks realised from 26d to 27d ; prime lines of winter does sold at prices varying from 33d to . In fawns we again topped the market with the record price of 29|d. which was paid for a line of very nice prime winter fawns. All other classes of skins realised equal!v proportionate values. THE MEAT TRADE. In his speech at the annual meeting of the Wellington Meat Export. Company yesterday. Mr W. (J. Foster stated that the export of frozen meat to the United King, dom tor tho year, with tho exception of beef, showed a considerable decrease on that of the previous 12 months, due largely to the drought in Australia, nud to the late and wet season in the South Island. The figures for New Zealand for (he years ended June 30, 1911 and 1912. are as follow ; Beef, Sheep. Lambs. quartern. 1911 ... 1.926.500 3,441.000 244.000 1912 ... 2.108.750 ,3.032.750 138,85-0 '182,250 +408.250 +105,150 From other countries the exports were: Beef, Sheep. Lambs. quarters. ISII ... 5.193.900 2,424.375 3,998.750 1912 ... 4,675.854 2,534,274 4.506,905 +518,046 *109,899 *308,155 * I ncrease, + Deerea.«e. Thus showing for all sources a. decrease in sheep of 335.796 carcasses ; a decrease in lambs of 298.351 carcasses ; an increase in beef of 203.D05 ruru lera-