COMMERCIAL

Otago Daily Times, Issue 14440, 5 February 1909, Page 4

COMMERCIAL

r.ONUOX MAKKICTS. Press Assodation-Hy 'J'elegraph—Copyright. J.OXDOX. KnLiriiiirv 3. Tho American visililo wlinut j;npp]y is, 75,781,000 I«lsIi«I.=. Australian March ' ami April shipments sold ul. 375. and Adelaide .lamiary siiipinp.ii:,, ill 57s ljil. Tallow: At !he amnions 832 casks wore olf'.'i-cil. ami 163 ?<il<l. Prices are unchanged. Copper: Npoi. £58 ss; three mem! lis, £59 2s Oil; clofrrolvlio. £62 15s. Tin: Spot, £125 ss; line-.;, nioulhs, £127 2s M. head. £13. THR VRO7.KN HEAT JIAUKKT, (Pkr U>im::> Phess Association.) XAI'IRIt, JVhniary 1. Tlio CO. and D. Company cal>l.-.< tiio following- report:—" Frozen meat market very weak, anil the outlook i s mmh depressed. Tlio demand for all classes „f nwtll „f p (!0] . tallies doc-lined, and are expected to go lower, To-day's quotations: Canterbury mutton. 3J<I; Napier, Wellington, anil North Island, 3jM. Lamb: Second qualify, iy. Href: IJimli|inwlcrs, 3id; forcquarle.rs, 23d."

SOUTHLAND FROZEN MEAT COM- ' PAXY. ■ 'I'lio twenty-seventh annual report, to he. presented to shareholder,* on February 13,

" After writing off for depreciation £5859, there now regains at, ere<!it of profil and I<«< aceoent the sum of £11,480 16s lid, which ilk> <Tiifclor.s recommend should ho dealt with as follows;—To payment, of a 5 por rent, dividend end a 1 percent. lioims on A a:»:l B dharcfi, £2713 lis ?A: to transfer to ]-.-• s!tv<i account, £1000: lo transfer to in(iiirano? reserve. £1000: and to carrv forward the balance, £3773 5s °d:-to!al, £11,486 16-, lid. Compared with lite provious the past, season was not. quire so favourable for fattening- sleek, tho resuli. being that, alxmt. 70.000 less sheep ami laml.-s were hn.ndlcd at- th" company's works. In view of tho increasing demands of tho tympany's busino-.-s considerable necessary additions have I>een made to the buildings ajid power plant at Mataura and Hlnff. Additional electrical generatingplant is aUo boiug installed at ihe lilutF works, and in order to supply the increased current, to (lc.ro borough another generator will shortly be erected at Mataura. Messrs Coupknd and Huston are the rol.iriug director, nt this time; ar.e both eligible for re-election, and again olfer their services to tho shareholder.?. It. will aim bo necccsary to appoint an auditor, and Mr I'. V. Cutlik-rtson offcie himself for re-election.'' <s- ■ HIDE SAT,K. Prms Association—By Telegraph—Copyright. MBMiOURXK, February 4. (Received Feb. 5, at. 1.6 a.m.) At. the hide Baku to-day kips and light sorts were id lower, but other soils were lirm. Messrs Strouacli, Morris, and Co. (Lid.) report, as follows:—We held our fortnightly sale of hides (it our stores. Crawford street, on Thursday, when we submitted a catalogue totalling 624 to an average attendance of buyers. All present were keen to do business, and in coii.-:e!]iicnee we had a most satisfactory sale, every lot. being cleared at prices in excess of those lately ruling. The principal rise was experienced ill light-wcigjii lii<!«. and we secured (he very satisfactory return of 6d per lb for cows weighing 20's and 37's. lu modiiiiuweigilit ox we sdso h;id some exlieme prices, 58's bringing Gj{d, and 55'= and 57's 6.1 d. Our top price for ox hides was 7d |i-r lb paid for one weighing 691b, a great many lots bringing from 6iil to 6?d. In cow liiiks our top price was Gtl, as ipioW-d above, for IM:t-weights, heavy-weights realising up lo 5Jd for 62's. and mediumwcijrhl.t up to sjil for 50's to 57's. Taken all round, the silo was a phenomenally good one, and wc can coiilidenlly recommend clients to forward any tlioy may bavo on hajid. The following are actual prices paid at our sale. fix hides: Prime stout heavy, none forward; good, heavy, tod lo 7d per lb; medium-weight, 55d to 6Sd; Light-weight. 5,',il to 52d/shvjgv anil inferior, Id lo 3Jd. Cow hides:' ]Vst heavy. to 5Jd; medium-weight. .5,1/1 to SJdl light -weight. s!d (o 6d; inferior, aid to Yearling, aid to sptl. Calfskins, Id to 7jd. Horse hides, 6d to Ss each.