COMMERCIAL

Greymouth Evening Star, 15 October 1928, Page 9

COMMERCIAL

WHEAT MARKETS (Australian Press Assn.—United Service.) (Bj Cable—Press Assn.—Copyright.) NEW YORK, October 13. Chicago wheat, December 115 7-8, March 120 3-8, May 123$ cents, per bushel. LONDON, October 13. Wheat cargoes steady, with prices mostly higher. Trading quiet, demand easier. Liverpool futures: October 9/21, December 9/3, March 9/31, May 9/3J. AUSTRALIAN OR ANGERS. VANCOUVER, October 13. For the first time, Australian Valencia oranges will ‘go on sale here on Monday. Three car loads of them arrixed by the Aorangi. One is for Vancouver, one for Prairie Points, arid one for Winnipeg. They arrived in good condition. The shipment came in the identical boxes which were carried by the Aorangi on her last outward voyage. STOCKS AND SHARES’. Reported sale : 5g per cent, inscribed stock 1933 £lOl ss. TALLOW SALES.

Dalgety and Company’s report from London, October 10: — Tallow. 661 casks offered, 397 casks sold. Prices 6d per cwt. higher for most descriptions. " ROSS LIME COMPANY. A meeting of the West Coast Farmers’ Union Executive was held on Saturday, at which Mr J. Mulcare presided, and there was a good attendance of farmers. Mr John Murdoch, of Ross, manager of the West Coast Farmers’ Co-operative Lime Company, was also present. Mr Mulcare outlined the financial position of the Company, and pointed out that the sales were not sufficient to wipe out existing liabilities and provide for current expenditure. If something were not done at once to relieve'the position, the works would have to be closed. It was agreed that the poor support given by the farmers and lack of organisation, had been the chief factor in bringing about the present condition of affairs. The liabilities were £l5OO, and the cost of producing the lime was about £1 per ton. The lime was good, but at £2 5s per ton the farmers considered the price too high. The Manager (Mr Murdoch) stated that if the sales could be built up to average twelve tons of burnt lime a day, the company could wipe out its present liabilities in two years. A committee consisting of Messrs A. McDonnell, H. G. Carter, W. Clayton, W. Butler, Thomas and J. Mulcare

was set up to- go into the Company s position, and report later to a meeting of shareholders.