COMMERCIAL

Otago Daily Times, Issue 14355, 27 October 1908, Page 6

COMMERCIAL

LONDON MARKETS. Press Association—By Telegraph—Copyright.| LONDON, October 25. Frozen Meat. — Sheep: Canterbury' modium, Id. Canterbury lambs: Light, s£d; medium, s£d; heavy, 4ijd. Heel: Now Zealand Plate tores, 3 3-16 d. Rabbits: Very firm, especially young. Hemp: Quiet and unchanged. Antimony, £9 10s. . ' ~ Copper: rtyot, £60 15s Gd; three months, £61 15s. Tin: Spot, £133 10s; three months, £135 ss. Lead, £13 6s 3d. • • Copra: Weak. South Sea is freely offered and there ie fair busjnos at £17 2s 5d for tags. Wheat: 8500 quarters December and January shipment sold at 33s lid, and 6000 tons, per steamer, February and March shipment, at 35s fid. ■ THE HIGH COMMISSIONER'S ' CABLEGRAM. (Per United Press Association.) WELLINGTON, October 26. The High Comrnisionor cabled from TiOiidon on October 24:— Trudo in all classes of mutton ha.s been very slow, and prices barely maintained. River Plate mutton is in large supply, and is quoted at 3.W: Canterbury mutton, 4d; North Island, * Lomb.--TJie market .is lirm, with a good demand for prime quality. The stocks of lamb on hand are lig-ht. Canterbury brands are quoted at sJjd; other than Canterbury, sid. Beef'.-Tlhe market is steady. The stocks of New Zealand beef on hand aro light. Hindquarters are quoted at 3sd; forequartars, 3jd. Butter.—The market is very firm, and there is a good demand. The shipments by the Martian arrived in good condition, ! and 125s per cwt was realised. This season's malro of Danish is quoted at 13fe; Siberian. 121s: Australian, 121s; Argentine, 120s; Canadian, 119s per owt. The obeoso market i& quiot, with very little doing, but a good feeling provails. For forward delivery Canadian makes aro quoted a!, 61s per owt. The hemp marker is dull, wilJi very little business thing. Good fair (rra.de on fipot is quoted at'£26; fair grade cm soot, £23; fair current Manila on spot, £24." October to December shipments are quoted as follows :-Gocd fair jjratlo, £25 15s; fair grade, £23; fair current Manila. £24 per ton. Last week's, ouvpul from Manila amounted to 18,000 bales. Cocksfoot has cased. The markot is now quiet, and buyers aro not keen to do business. Bright clean 1711) is quoted at 8s per owt. BRUCE WOOLLEN MANUFACTURING COMPANY. ANNUAL REPORT. The following is (ho directors' eleventh annual 'o.port and balance sheet, to lie presented at the meeting of shareholders on Friday, November 13:-Your directors beg to subniil to sharcholdera the annual .statement of ummnts of th 0 company for period ended September 19, 1900. Your director.! doomed it advisablo to alter the date of stocktaking and annual balimco from October 19 to September 19, thus the aecompainyin;; balance sheet eovorn n period of 11 months' trade only. The net profits earned durinj the 11 montlis amounts to £2263 7s 10d, which amount, plus the balance (£766 12s Ed) carried forward last, year, mate £5030 Oh fed. Your ilircflors recommend that a dividend' of 5 per cent., afceorbing £1418 19s 6d, be paid to shareholders; that £1000 bo written off plant; and tho balance (£6ll In) be brought forward. Your directors regret having to record the death of Mr if. M. Marryatt, who no ably tilled the position of auditor from tho. inception of the company. As provided by the articles of association, Merers M. Henderson, and A. 10. Stewart retire, and, being eligible, offer thornselves for re-election. The auditor Mr ,Ta«. Brown, F.1.A.N.Z., also offers himself for re-election. GRAIN AND PRODUCE REPORTS. Messrs Dalgoty and Co. report as follows:—Wo held our usual weekly sale of grain and produoa at our Stores on Monday, when we olfored a largo catalogue to a moderate attendance of buyers. Comimtition was more brisk than at our last sale, but prices were mostly in buyers' favour. Values ruled as under: i~ Oats.—This market is without change as to demand, which still continues slack. The season is now advanced, and as business has been found impossible at late values lower priciis have bud to l>e accepted to effect clearances. Quotations: Prime milling, (o Is lid; good to best feed, Is BJd to k lOd; inferior to medium, Is 7d to Is 8d per bushel (sacks extra). Wheat.—The week has been a quiet one in tins market. Holders are very firm in their ideas of values, and are not forcing sales meantime, the offerings consequently lining very light. Fowl wheat is scarce and in request Quotations: Prime milling, Is 4.M to 4s sd; medium milling and fowl wheat, 4s 3d to 4s 4d; broken and damaged, 3s Od to 4s per bushel (sacks extra). Potatoes.—Although a fair amount of shipping was done last week, the arrivals continue fully equal to the demand existing. Buyers' purchases are confined almost entirely to choice white tables, olfcondi'ioued lots being neglected. Late quotations are not maintained. Quotations: Prime Up-to-Datcs. £3 to £3 2s 6d; medium, £2 12s 6d to £2 17s _6d; inferior, £2 upwards per ton (sacks in).

Chafi'.-The market remains at about on t a par with last week's. Prime bright heavy oaten sheaf finds preference with buyers, and is readily quitted on arrival . at late rates. Medium and inferior quality, however, is not in favour,, and is difficult to place. Quotations: Prime i oaten sheaf, £3 15s to £4; medium, £3 7s 6d to £3 10s; light, inferior, ami heated, £2 10s and upwards per ton : (bags extra). Straw.--We quote oaten £2 2s 6d to £2 ss, wlieaten £l 17s 6d per ton pressed. Messrs Donald Reid and Co. report: — ■ Wo held our weekly auction sale of grain and produce at our Stores on Monday. We had a. good selection on offer, arid i under fair competition most of the lots , catalogued were quitted at quotations. , Values ruled as t under:— Oats.—There has been more inquiry for good lines suitable for export, but in order to effect business it has boon necessary to accept lower values. The ■ demand is chiefly for B grade Gartens or sparrowbills. For A grade there is not much demand, while black oats, and other special kinds are quite neglected. Quotations : Prime 'milling, Is IQJkI to Is lid; good to best feed, Is B£d to Is lOd; inferior to medium, Is 7d to Is 8d per bushel (sacks extra). Wheat.—The market is unchanged. There is 6o little wheat in stores "locally that no sales of any importance can bo reported. Millers are taking all prime lots offering, while medium quality is in most, cases boing quitted as fowl wheat. Quotations: Prime milling, 4a £kl to 4s s£d; medium, 4s 4d to 4s 4£d; good whole fowl wheat, 4s 3d to 4s 4d; medium do, 4s Id to 4s 2d; broken and damaged, 3s to os .9d per bushel (sacks extra): Potatoes.—During the week consignments have been arriving steadily, and nearly all good sound lots have been sold on arrival. The export demand is not quite so brisk to-day, and only best lines can bo readily placed. Consignors who are repicking would do well to see that only good sacks.are used, as the eale of many consignments is seriously affected by the inferior quality of the racks. Quotations: Prime Up-to-Dates, £2 17s 6d to £3; medium to good, £2 10s to £2 15s; inferior, £2 to £2 5s per ton (sacks included). Chnft'.—Moderate supplies are coming forward, but as the demand is weals prices show a slight decline on those lately ruling. Prime quality has most inquiry, but, medium and inferor are difficult to quit. Quotations: Prime oaten sheaf, £3 5s to £3 12s 6d; discoloured and inferior, -£2 15s to £3 2s 6d per ton (sacks extm). Sta-aw.—Supplies are not heavy, and liCFt wheaton .sells at £1 15s to £1 17s 6d; oaten £2 5s to- £2 7s 6d nor ton (pressed),