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COMMERCIAL., Issue 15666, 3 December 1914
Messrs Dalgety and Co.. Ltd., report having received the following cable from their head office, dated London, November 30. 19Id :—“ Nott quantity wool available for December sales amounted to 75.000 bales.”
UNITED STARR-BOWKETT SOCIETY.
The United Starr-Bowkett Building Society held a members' meeting last evening at Hugh Mitchell and Co.'b office to dispose of £1.500, which resulted as follows The 11th appropriation of £6OO in the No. 3 group was drawn bv cluster No. 164. held by oife The 41st appropriation of £SOO in the No. 2 group was drawn by cluster No. 93. held by two members. - The 174 th appropriation of £SOO bv sale in the No. 1 group realised £7 per £IOO. Mr E. A. Rosevear, chairman of directory presided, and congratulated members on the continued prosperity of the society and particularly on the fact that to date 1,845 shares had been applied for in the No. 3 group. He stated that 155 shares were still availaide. which would complete this group.
UNION STEAM SHIP COMPANY
The annual report of the Union Steam Ship Company of New Zealand, to be presented at the annual meeting of shareholders this 'mouth, is as Jolluws : The directors have much pleasure in submitting a statement of the company s affairs at September 30 last. After making provision for depreciation on plant, the net profit for the 12 months, including interest on investment and transfer fees, amounts to £116,590 7s sd. After deducting interest on debentures and interim dividends paid in May last, there is left at the disposal of shareholders the sum of £58,250 13s 6d, which the directors now recommend should be appropriated as follows : —To balance of dividend on preference shares—2§ per cent, on £1,000,000, making per cent, for year, £27.500: dividend on 100,000 ordinary shares 21 per cent., making, with interim dividend of 21 per cent, paid in Mav, 5 per cent, for year, £25.000; balance to be carried forward to next voar, £5.750 13s 6d; total, £58.250 13s 6d.
The first wool sale of the season was held 'Yesterday, when 8.371 hales were offered and 7.245 sold. American buying was barred. Large orders for the, Army enabled Home buyers to compete freely tor all suitable wools. Owing to the dry weather and high winds some of the wool was very earthy, but a number of clips were bright and attractive. Brokers report that the prices as compared with the recent Christchurch sales receded from on low-grade crossbreds to Id on medium balf-brods and bright thrcc-quarter-breds and fine crossbreds, while bellies, pieces, and locks r,bowed no decline. Tho following was the range of prices'":—.Merino (very little). BLI to lid; super, half-brod and Corricdale, 32d to 14d (one lot 14Jd): medium, lOd to Hid ; inferior, 81d to 94.'! : super three-quarter-bred and crossbred. lid to 12;. d : medium, 9d to lOld ; inferior, 7;] d to B(jd ; best pieces. Ojd to lid (one lot 12.1 1 : medium, 7d to 9d: inferior. 51d to 6Jd. —Brisbane.---At the wool sale yesterday good wools were from 10 to 15 per cent., and medium 29 per cent, lower than at last sale.
THE WHEAT MARKET
Press Association—By Telegraph—Copyright
I.ON DUX, December 2. (Received December 3, at 8.15 a.m.) Wheal.—The American visible supply is 118.012.C00 bushels. The Chicago market is lirm.
COMMERCIAL., Issue 15666, 3 December 1914
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