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COMMERCIAL., Issue 15630, 22 October 1914
The juice of flour at Auckland was raised yesterday by 10s per ton—to £l2 15s for’ net cash. ’The bakers will meet immediately to make a proportionate, increase in tho price of bread.
As the result of recent communications with the Department of Agriculture on the question of provision of a cool store for cheese at Wellington, the Wellington Harbor Board last night resolved to confer with the department and. representatives of the Cheese Factories Board. It is agreeable to provide cool storage conditionally on the Government requiring that all cheese shipped from Wellington shall pass through the board’s store, exrfpt such graded cheese as may he transhipped immediately on arrival. It was estimated that a charge of 8s per _ ton would have to be levied. The Agriculture Department points out that this
charge is stated to be higher than any made at other ports, and skippers may demur to the payment thereof. In a statement at Wellington yesterday, Mr \V. 1.1. Lysnar (of the Bristol and Dominion F laid users' Association) said that it might appear from recent proceedings that there was a dithenity of space being procured for produce of ships for West cf England ports. This, he said, ■a as not the case. There was the difficulty of netting space for London, hut no trouble existed with regard to ships for Bristol and other West Coast Home ports. The only trouble regarding the latter had been that sufficient vessels had been ■lillicult to gel for tlio produce offering. Following is the list of subscribers in the Cinema Enterprises. 1914. Ltd., recently registered in Dunedin as a private company, with a capital of £7,500. divided into 7.500 shares of £1 each ,1. H, Lawrence 900, T. Scurr 300, I’. Pavletich 300, IT W. Averv 100. 0. CL Adess 300, R. Hart 200, W, Best 200. B. (L Midglev 500. H. li. Bennett 250. D. ‘E. Booth 150. .1. W. M ichelson 200. H. I.'. Scott 150. C. .V Scurr 400. .\. 11. Hume 150, W. Lou- 150, W. R. Sinclair 150, C. E. .Massey 100. F. Bennett 150, D. C. Cameron 150. AV. Crawford 150. AV. R. Cordon 200, .1. ,AL Lawrence 2.000, J. A. King 150. Objects: To carryon in Dunedin and elsewhere in New Zealand the business of picture theatre proprietors, etc. THE MARKETS. Press Association—By Telegraph-—Copyright, LONDON. October 20. The wheat market continues very firm, owing to a further American advance. There is a pood demand for Pacific at 6d and 9d advance. The American visible supply is 108.967.000 bushels. The lead imports arc stated at 18.502 tons, and the exports 1,575 tons. Copper.—Spot, £54; three months. £54 10s. The Metal Exchange Committee have decided to allow private transactions in all nietaals at unrestricted prices, but rings are barred. THE WOOL SALES. Press Association—By Telegraph—Copyright. SATINET. October 21. At the wool sates to-day 6,454 bales were catalogued, and 5.541 were sold at prices on a par with yesterday's. THE DAIRY SHOW. Press Association—By Telegraph—Copyright. LONDON, October 20. At the Dairy Show the only New Zealand competitor for butter scored second prize. Piolio j?) was awarded first prize for salted, scoring 95 points, and second for nnsaited, with 93 points. There were eight New Zealand competitors in the cheese sections. Hawpra, was awarded first. Mongara (Marania) second, ami Mataurn third. ■DOMINION RCBBER COMPANA'. The Dominion Rubber Company report that the September harvest amounted to 6.1761b. and that the May yield of 6.7001b returned £550. The rubber market has naturally been affected by the war. but the prices realised are at least erjual to the cost of production, ami by the maintenance of operations the estate is preserved in good order, and the more important section of the labor organisation maintained. In order to curtail expenses the manager lias in the meantime adopted alternate day tapping, a system which in any case has many advocates, and the adoption of which has permitted of a large reduction iu the labor force, while the rate of wages has also been brought down. When war was declared it appeared as if the rubber industry would receive a- very .severe sot-back through the sudden fall in prices and trouble with the coolies, but so far as this company's estate is concerned Cue directors are of opinion that the managers have dealt wisely with the labor difficulties which arose, and as to prices, recent onotalions show that there has been some recovery. D.I.C. Tim 50th annual report of trie Drapery and Leueral Importing Company states that during the year 1,260 ordinary shares have been allotted, fully paid to 10s, at the price of 12s per share. The premium realised, amounting to £126, has been added to the ■ reserve fund. The net profits for the past year am £24,250 10s Tld, which, with £11,339 3s 5d brought forward from last year, show a total to the credit of profit and loss account of £35.589 14s 4d. On .May 1 an interim dividend was pair! on pre--1 ere I lee shares at the rate of 6 per centper annum for the half-year ended February 20. which absorbed £3,750, and leaves £31,859 14s 4d now available for division. This sum the directors propose to deal with as follows ; —To payment of a dividend at the rate of 6 per cent, per annum on preference shares for the half-year ended August 20, 1914, £3,750; payment of a dividend at the rate of 7 per cent, per annum on ordinary shares, £8,145 18s lid; addition to reserve fund (which will then stand at £50,000), £5,874; balance to b© carried forward, less a bonus of per cent, to holders of ordinary shares on the amount of their purchases, £14,069 15s 5d—£31.839 14s 4c].
COMMERCIAL., Issue 15630, 22 October 1914
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