COMMERCIAL.

Evening Star, Issue 15480, 30 April 1914, Page 6

COMMERCIAL.

The Auckland Electric Trams Companyhave declared an interim dividend of 7d per share. Messrs Dalgety and Co. report having received the following cable from their head office, dated London, April 28 : " Wool sales continue; attendance is large, competition animated, and selection good. As compared with last closing rates, medium and coarse cross-breds unchanged, merinos and fine cross-breds par to 5 per cent, advance." The New Zealand and Australian Land Company have paid an interim dividend of 5 per cent. The Peninsular and Oriental Steamship Company have paid a dividend of 7 per cent, on their deferred stock. THE MARKETS. j Press Association—By Telegraph—Copyright. LONDON, April 29. Wheat : The market is quiet, with a tendency in buyers' favor; 36s 6d was offered for South Australian. Copper: Spot, £63 15s; three months, £64; electrolytic. £65 10s. Tin : Spot, £157; three months, £l5B 17s 6d. Lead, £lB 17s 6d. (Received April 30, at 10.30 a.m. ) Silver, 27 3-16 d per oz. Linseed oil, £24 10s. Turpentine, 31s 3d. THE TALLOW SALES. Press Association—By Telegraph—Copyright. , LONDON, April 29. (Received April 30, at 9.25 a.m.) At the tallow sales 1,460 casks were offered and 833 sold. Mutton, fine 365, medium, 335; beef, fine 34s 6d, medium 32s 6d. THE WOOL SALES. Press Association—By Telegraph—Copyright. LONDON, April 28. At the wool sales 9,665 bales were catalogued, including 7,597 from New Zealand. There was a good attendance, and competition was active, Yorkshiremen being the principal operators. Americans gave fair support, but the Continental buyeTS were quiet. Medium to lower cross-breds were practically unchanged from March closing. Merinos and fine cross-breds showed a slight upward tendency, with occasionally a 5 per cent, advance. (Received April 30, at 10.35 a.m.) At the wool sales there was strong competition for all descriptions, with an upward tendency for merinos. There is keen American and Continental demand. The Bank of New Zealand have received the following cable advice from their London office regarding the opening of the present series of London-colonial wool sales in London :—" The sales have opened with strong competition and large attendance of buyers. Total net quantity New Zealand available, 130,000 bales. The market is strong for all kinds of wool." HOME MARKETING. A meeting of representatives of the dairy companies of the North Island was held at Hawera yesterday to consider the t ; uf6tion of the companies taking joint crt;cn to secure the better .narketin;? of their dairy produce in the markets of thoThe following resolutions were carried .- That this meeting of dairy ropresenvatives of the North Island of New Zealand desire to express their dissatisfaction with the present methods <>f market- " ing their dairy produce, and cwider that the time is now ripe for devising some improved system which will unite the whole of the producers and establish some plan of control calculated \o secure more satisfactory results »,han at present obtained. That the policy of Home.marietin,? be confined to open consignment and selling. " , . That with a view to advancing objects of this meeting, a representative committee of North Island dairy companies be set up to draw up a practical scheme for marketing butter and cheese, crd that the committee's proposal be submitted to the dairy oompanies_of the Dominion not later than May .11 ; and that a meeting of accredited representatives of New Zealand dairy. companies be held at Palmerston North on Wednesday, June 17, to deal with the com- , mittee's report.