COMMERCIAL

Evening Star, Issue 18810, 8 December 1924, Page 12

COMMERCIAL

WHEAT MARKET. Press Association—By Telegraph—Copyright. LONDON, December 6. Tlio Minister of Agriculture (Mr E. F. L. Wood), speaking at Chelmsford, said the consumption of wheat in China and Japan was steadily growing There were considerable indications that the price of wheat would not fall in 1925.—A. and N.Z. Cable. LONDON WOOL SALES. Press Association—By Telegraph-Copyright. LONDON, December 5. At the wool sales 10,571 bales wore offered. There was a moderate assortment, which met with a quietin'., demand. Withdrawals were frequent owing to bids failin'* to reach sellers’ limits, hut fine wools" 3 sold readily sit steady prices.— Renter. PACIFIC PRESERVING COMPANY. The directors of the Pacific Preserving Company .state in the annual report That the flotation of the new company was unfortunately accomplished too, late to allow the factory to operate to any large extent during tho packing season. The conditions in ’the preserving industry during tho year were of such a nature as, together with other disabilities that were experienced, to preclude the possibility of tho company showing a good -financial result. The shares allotted other than those to the vendor shareholders (6,900) amount to 10,113, leaving 7,987 .unallotted at the date of the balance, when calls aggregating £1,780 12s were unpaid. As the new capital did not commence to he available until late in the season, the general operations of the 'factory were curtailed considerably, and these conditions resulted in a loss, but towards the latter part of the year the demand for the company’s lines showed an increased popularity, and tho general lone of the business much improved. Considering the adverse fruit season and the small pack the company was able to finance in tho buying season, the total sales of £18,043 were fairly satisfactory, and were made after entirely excluding the dessert fruit pack, which in the past has proved un-