COMMERCIAL.

Evening Star, Issue 15929, 8 October 1915, Page 1

COMMERCIAL.

EXPORTS OF PRODUCE. WELLINGTON, October 7. ' Tbe exports of New Zealand products during the week ended on Tuesday were valued as follow ;—Butter £40,976. cheese £407, frozen lamb £15.838. frozen mutton £34,445, frozen beef, etc., £309.790, gold £55,994, grain and pulse £4Bl, hides and skins £12,079. kauri gum £13.037, flax and tow £3.592, tallow £3,712, timber £14,451. wool £15,070. PACIFIC STARR-BOWKETT SOCIETY. The annual report of the above society states : No. 1 Group.—As the present period marks the tenth year of operations, the following particulars will be of interest to shareholders. The number of shares current on August 27, 1914. was 726. During the year seven shareholders, holding 18 shares, had their subscriptions placed to the credit of their repayment account and thereby obtained their discharge of mortgage. Subscriptions were withdrawn on 91 shares, and five shares were forfeited and cancelled. Tho present shave register consists of ; Total at present on the books, drawn in the free ballot, 135; drawn in the premium ballot, 103; unappropriated, 573; total, 612; less shares under notice of withdrawal 29, and shares on which subscriptions have been discontinued under rule 62. 24; shares at present entitled to share in the profits at the termination of the group, 559. Tii" total premiums secured to tho group amounts to £2.500, and as the balance to R of the profit and loss aconnt is £2,815 16s Bd, the whole of the former .sum is intact. This works out at £5 0s 8d per share. When it is remembered that the society’s rules were drawn with a view of selling cheap money—namely, at 2 per cent, over the repayment period—this result must be considered to he a satisiactory one. The directors would also draw atention to tho sum set down against working expenses, £195. which is less than 4 per cent, of the income. There have been nine ballot during the year, but the premium loans arc not now considered of iho same value ns formerly, and a. proposal giving the board power to reduce the premium will be placed before you. The total sum now secured to the group on mortgage is £23,354- No. 2 Gr inp.—With a view of inducing further subscribers to join this group proposals to amend the rules will be tabled for your consideration. These include the advantages of two free ballots to one premium ballot. Tho sum of £1,850 has been advanced on mortgage during the year, and the working expenses have been further reduced to £lO9 15s 3d. MELBOURNE MARKETS, Press Association —By Telegraph—Copyright. MELBOURNE, October 8. Wheat : Nominal. Flour. £l7 per ton. Bran. £4 per ton: pollard, £5. Oats: Japanese, 2s s£d to 2s 7d per bushel: Chilian. 3s. Maize, 3s 9d, 4s. Potatoes. £ll, £ll 10s per ton. Onions, £5, £5 10s. Butter, Is 5d per lb. WOOL HALES. SYDNEY, October 7. The wool sales closed active and buoyant at full late rates. Improved rates prevailed both for merinos and crossbreds, excepting wasties and faulties. On the week ernss-breds and skirtings advanced 2d per lb. RAIN AND CROPS IN ARGENTINE. BUENOS AYRES, October 7. General rains have completely changed tho prospects of the wheat crop, which are now most favorable.