COMMERCIAL.

Otago Daily Times, Issue 16191, 29 September 1914, Page 4

COMMERCIAL.

The New Zealand Trade Review says:— j "There is very little alteration noticeable in the local money market since last issue, and financial business is going on very smoothly considering the great upheaval in Europe. The export season is starting npw, and the outlook is favourable; production should be on a high level, and remunerative prices may fairly be anticipated. The sheep returns show that after exporting 65 million carcases, we can still show an increase of 607,000 in our flocks, which speaks well for the state of the sheep industry. Our export-) for the year to June 30 last show an increase of well over a million, and have reached the splendid total of 24j millions." LONDON MARKETS. Press Association—By Telegraph—Copyright. LONDON. September 27. Wheat is very quiet. _ The Australian cargo which ihas arrived is held for 45s 6d. The wheat and flour afloat for the United Kingdom is 160,000 quarters, and ,for the Continent 1,730,000 quarters. The Atlantic shipments' were 793,000 quarters, and che Pacific 45,000 quarters. The total for Europe is 1,045,000 quarters, for the United States and Canada 900,000 quarters, and India 45.000 quarters. The Economist states that the Irish crops are 5 per cent, above the average for the. last 10 years. Danish butter, 132s to 1365. It is estimated that 260,000 bales of wool have been sold privately since the July sales. Hemp.—Quiet. High point fair, OctoberDecember shipment, £23. Rubber.—Para, 2s.9£d; plantation, 2s 2d; Biroked, 2s 3id. Copra —Quiet. South Sea shipment, 23£ d. Aluminium, £99 Is. Quicksilver, £142 6s. 1 Silver, 24id. Copper, £57 5s to £57 17s 6d. GRAIN AND PRODUCE REPORTS. Messrs Dalgety and Co. report as tol lows:—Wo held our weekly sale, of grain and produce on Monday, when values ruled as under: —Oats: There is still a good demand for any samples of good, bright, heavy oats, ard any answering this description are meeting with a good inquiry at up to quotations. Seed varieties, 2s 6d to 2s 9d; prime milling, 2s 5d to 2s 6d; good to best feed, 2s .3d to 2s sd; inferior, from 2s per bushel (6acks extra). Wheat: There lias been very little business passing in milling wheat of late, offerings being exceptionally light. This also applies to fowl wheat, and any samples coming under offer are readily placed at quotations. Milling- wheat, nomiraily 5s 3d to 5s 6d; best whole fowl wheat. 4s Sd to 4s lOd; medium, 4s 4d to 4s 7d; broken and damaged, from 4s per bushel (sacks extra). Potatoes: This market is lifeless, except for choice freshly-picked lots, which are meeting with a limited demand. Medium and out-of-conditioned lots are almost unsaleable. Good tables, £3 to £3 ss; choice, to £3 10s; medium and inferior, from 30s per ton (sacks in). Chaff: Fair supplies have beep coming forward of late. Good, bright, heavy oaten sheaf is meeting with a ready sale at up to quotations. Choice black oaten sheaf, £4 to £4 ss; best whito oaten sheaf, £3 15s to £4; medium to good, £3 5s to £3 10s per ton (sacks extra!. Messrs Donald Rcid and Co. report: Wo held our weekly sale of grain and produce on Monday, when values ruled 11s ■under: — Oats: The quantity offering is small, and on this account there is little business to report. Millers are not disposed to mako heavy purchases, but exporters are again in_ the market for suitablo kinds, and all prime Garton3 are saleable at late quotations. Medium and inferior lines, although nol, strongly competed for, continue to ne taken for local use. Seed Gartons, 2s 6d to 2s 9d; prime milling, 2s 6d to 2s 7d; good to best feed, 2s 4d to 2s 6d; inferior to medium, 2s to 2s 3d per bushel (sacks extra). Wheat: Local stocks are now much reduced, and quotations are nominally uncharged. Fowl wheat is scarce, and commands ready sale at full rates. Prime milling. 5s 3d to 5s 6d; medium. 5s to 5s 2d; best vhole fowl wheat, 4s 8d to 4s ICd; medium, 4s to 4s 6d per bushel (sacks extra). Potatoes: The market is fully supplied, and only prime freshly-picked lots have any attention from buyers. Medium quality ;'s ofTrring freely, but is difficult to plocc. B?st table potatoes, £3 to £3 5«; choice, to £3 10s; medium to gooid, £2 5s to £2 15s per ton (sacks included). Chaff: Fair supplies are coming forward. Prime lines meet with readv sale at £3 15s to £4, and in the case of choice black oat £4 to £4 ss; medium to good has less demand at £3 5s to £3 10s; light and discoloured, £2 10s to £3 per ton (bags extra). STIRLING DAIRY FACTORY COMPANY. The following are the chicf clauses in the annual report of the directors of the Stirling Dairy Factory Company: — Your directors have to report a very successful season, the pricc obtained for th-o : cheese being a record one—viz., 6Jd per lb. j Owing to improvements and alterations at j the factory tho expenditure has been

greater than usual, otherwise th 6 price paid for milk (Is 2d per lb of butter-fat) would havo been higher. The directors' expectations regardiug tho success of the. whey butter plant have been fully realised, and tho items in tho balance sheet in this connection speak for themselves. The factory will again be under tho management of Mr Wm. Sawers, and this opportunity is taken of thanking him for the lively interest ho takes in the general supervision of tho factory. The prospects for tho coming season are good, notwithstanding the unsettled state of trade generally owing to the war, and tho present price of milk will bo continued, the directors, of course, reserving tho right to alter the price according to circumstances. A dividend of 6 per cent, will be paid on share capital. Tho following directors retire, but are eligible for re-electibn:—Messrs George Anderson, Peter Anderson, and John Mosley; also Mr James Esson, auditor.