COMMERCIAL.

Evening Star, Issue 16088, 13 April 1916, Page 1

COMMERCIAL.

MUTUAL STORES, LIMITED,

At the 13th annual meeting of the Mutual Stores, Ltd., hold yesterday the directors' report showed that the result of the year's trading had. been satisfactory. It was decided to pay dividend? of per cent, on the preference and 6 per cent, on the ordinary shares, and to transfer £SOO to reserve, leaving a balance of £434 5s 4d to bo carried forward. The retiring director. Mr Peter Barr, was re-eloctod, and Messrs William Brown and Co. were reappointed auditors.

LONDON WOOL SALES,

BUYERS CAUTIOUS.

cablogram from the High Oomnrf? nonor, dated London, April 11, states . The wool saleH have commenced. Thorn wa9 great competition for all wools, but buyers were cautious on account of the nigh prices and the uncertainty as to the I attitude with regard to the limitation of i future contracts. Values average id lower [than last sales. There were 56,000 bales ! of New Zealand wool catalogued. | The National Mortgage and Agencv ! Oompany of New Zealand, Ltd., aro in j receipt of a cable from their London office advising ; « \y 00 l sa i es }, ave o p ene d . s ii pe and crossbred practically unchanged. merinoß par to 5 per cent.' dearer." The Bank of New Zealand have received from their London office the following advice regarding the opening of the present series of colonial wool sales in London :—" London wool sales : Crossbreds port to 5 per cent, cheaper) moriaos unchanged."

THE WHEAT SUPPLY.

Tin. * r™. . LONDON, April 12. Wheat.—lhe American visible srrpplv Jg 150,836,000 bushels. PP 7