COMMERCIAL

Otago Daily Times, Issue 14356, 28 October 1908, Page 4

COMMERCIAL

CHRISTCIIURCII MARKETS. (Per United Press Association 1 .) CII.RTSTCin.TRCH. October 26. Ilis local grain and produce market is lifeless at present. There is fome wheat on offer, hut sales are difficult lo effect, as buyers' and sellori' ideas of value arc still several pence different. Both oats and chaff are dull of sale, Tito' exceptional growth of grass this spring Iras considerably curtailed the, demand for other feed. There is only a. haml-to-moirHi business doing in potatoes, and stocks are now in small compa-s. WHEAT AND FLOUR MARKET. Press Association—By Telegrsolt—Copyright^ LONDON', .Octobcr 20. The total quantity of wheat, and flour aflcat for the United Kingdom is 2,000,000 quarters, and for the Continent 2,005,000 quarters. The Atlantic Shipments were 458,000 quarters, a.nd the Pacific 150,000 quarters. The total shipments to Europe were 1.425,000 quarters, including 101, COO qitarterwftom Argentina and Uruguay,

PROPERTY SALE. Several freehold properties were submitted to auction by Messrs Park. Reynolds, end Co. at their rooms yesterday. The first, offeree), a fine residence in Bellelt.nowes, was passed in, as bidding did not reach the reserve. Lot 2, being- section 4, Helensburgh Township, Otago Peninsula, after animated competition, fell to the bid' of Mr W. Clarke. The other sections in 1 tho same locality are now for sale privately, . TAIERI and peninsula milk SUPPLY COMPANY. , Axnwl Report. The twenty-fourth annual report of the directors of tho I'aieri aijd Peninsula Miik Supply Company is as follows: — The balance brought forward from last year is £6209 2s lOd. The profit for the present year is £3405 10s 2d, making a total of £9611 ]ss, which your directors recommend shall he dealt with as follows: To payment of dividend at the rate..of 6 per cent, per annum, which will absorb about £1829; a bonus of 3s per 1001b butter-fill, to milk suppliers 011 the nmo'iint of butter-fat supplied by them during tho months of September. 1907, April, May, June, July, and August, 1908. total amount received being 907,3001b. This will absorb about, £1363, tho balance to bo parried forward to next year'a' account. The dividend will be payable a.t tlie registered oflicft of the company, Grout King street,. Ditncdin, 011 and after November 20, 1908. The bonus will be added to suppliers' mill; accounts, payable December 24, 1908. All bonuses unclaimed 011 the 31st. of August, 1909. will bo deemed forfeited to tho company. The- quantity of milk purchased <tu\-in.r die year for butler-making was 81.951,8421b. containing 3,096,3031b of butter-fat, and which churned out, 3,187,7211b of butter. The butter made up, allowing for less in printing into pats and for loss in shrinkage on export butter, was 3,149,1451b, or a. total of 1423 tons of butter and 263 tons of cheese manufactured. The quantity of milk purchased for selling purposes as milk and cream for the local town trade was 379,940 gallons. Owing again to the dry season experienced in Ola.go, the season just past lias shown a shrinkage, in the supplies to the company, especially during the autumn and winter, and, consequently, the South African trade was shut out ccrtnpletely, and the local market was put- on short rations' io tide over the short period. The. great, scarcity of supplies at the company's creameries made the expenses of working them, again very heavy, antl has added, as listial, considerably to the cost of .the company's working ( fif the past year. Tho cheese factories were in full swing during the season and the reports received from the sale of tho cheese were highly satisfactory. The factories are a.ll ready to again make cliccse for the coming season. With regard to the creameries, they are all in good working order. Five creamorips have been rebuilt during tlie season—vi?.„ Dwitroon, ' Windsor, Awamoko, Kapua, and Incliclutiia. Mr William J. Bolt retired on the 31st of August from his position as secretary and business t manager. Mr A. J. Gall has been appointed secretary, and Mr A. E. Boissel business manager. The retiring directors are Messrs Moynilian and Geary, who are eligible for re-election.