COMMERCIAL.

Otago Daily Times, Issue 19257, 22 August 1924, Page 6

COMMERCIAL.

AUSTRALIAN MARKETS. Press Association —By Telegraph—Copyright. SYDNEY, August 21. (Received August 21, at 9.40 p.m.) Oats: Tasmanian Algerian, 4a Id to 4s 3d; White Giants 4s Gd to 4s 9d. Maize; Yellow, Is; white, 4s 2d. Potatoes: Tasmanian, £7 10s to £8 10s; Victorian, £6. Onions. Victorian, £ls to £l6. ADELAIDE, August 21. Oats, 3s. FRUIT EXPORT TRADE. The Otago Provincial Fruitgrowera’ Council reports the following week-end cablegram from the High Commissioner’s office, London: Sale of apples from Fruitlando (Otago) etill incomplete, but the bulk were sold from 17a to 20s per case. This would seem to indicate that all Otago fruit is cleared up with the exception of Fruitlande. MASON, STRUTHERS, AND CO. (LTD.). Tho report of the directors of Mason, Struthers, 1 and Co. (Ltd.) for tho period ended June 30, congratulate the shareholders upon the results of the year’s trading, which sh*v"s a net profit of £10,362 19s Id. The balance brought forward from last year was £'10,2)2 9s sd, making a total of £20,565 Is Gd available fon appropriation. It is proposed to pay a dividend oi 8 per cent, for the year, free of income tax, absorbing £7BOO, to add £2OOO to reserve account, and to transfer £SOO to stuff superannuation reserve account, leaving a balance of £10,265 Is Gd to be carried forward. PROPERTY SALE. Messrs A. Hands and Co. submitted to auction at their rooms yesterday afternoon in the estate of tho late Mr James Phimeater, a freehold property, section 18, block 15, Forbury Extension, containing 15 poles, with a three-roomed verandah cottage there, situated at 126 Suivey street. Bidding commenced at £360, and rose rapidly to £4BO, when the property was knocked down to Mr Butcher. LONDON WHEAT MARKET. Press Association —By Telegraph—Copyright. LONDON, August 20. (Received August 21, at 5.5 p.m.) Wheat cargoes are quietly steady and the Continental inquiry has improved. Parcels are in small demand at an increase of 3d.— A. and Y T .Z. Cable. WELLINGTON WOOL SALE, (From Our Own Correspondent.) WELLINGTON, August 21. A catalogue of 2603 bales of crutchings offered by local wool brokers attracted a large attendance of buyers, including Japanese representatives. Prices for the highe: grades in the early part of tho sale were (d down an I the lower grades par to fd down The prices realised ranged from 12fd to ICjd later for half bred. For scoured cru tellings up to ISd was refused. Competition was not keen, and a good many lots wore passed ;n, the reserves botutt considerably above ths buyers' ideas of values. Nineteen pence was realised for a classed skirted lot of three bales of crossbred. UNITED STARR-BOWKETT SOCIETY. A. meeting of members of tho United Starr-Bow.kett Building Society was held in the office of Messrs J. W. Smeaton and Co., 152 High street, last evening to dispose of £'2SCO. Mr E. A. Koaevoar (chairman of directors) stated that it was satisfactory to eee that the No. 8 group had filled up so rapidly, and already members were inquiring when No. 9 group would be commencing. He hoped that all members would make their payments on Monday, and that there would not bo an outstanding subscription to carry forward to next year. A ballot was then held for tho 107tli appropriation in No. 2 group, cluster No, 33 being drawn, held by two members. A sale was then held for the 108th appropriation in No. 2 group, but as there were no buyers a ballot was hold, cluster No. 31 being drawn, he'd by one member. A ballot was held for the 25th appropriation in No. G group, cluster No. 146 being drawn, held by one member. A sale wao bold for the 26th appropriation in No. 6 group, which resulted as follows, £.506 at £4B. A ballot was held for the third appropriation in No. 8 group, cluster No. 160 being drawn, held by one member.

THE MO YE Y MARKET. Press Association —By Telegraph—Copyright. LON DO Y, August 20. P. and O. shares arc quoted at £2OO (buyersl and £3OO (sellers). Gold is quoted at XI 12s 3:1 an ounce. Tho exchange rate on Paris is 83.111 francs and on Yew York 4.48Jd01. The decline is apparently duo largely to selling by profittakers. —A. and Y.Z. Cable. LONDON TALLOW MARKET. Press Association —By Telegraph —Copyright. LONDON, August 20. At the tallow sales 805 casks were offered and 329 were sold. Prices were unchanged. —A. and Y.Z. Cable. Messrs Dalgcty .and Co. (Ltd ) report having received the following cablegram from their head office, dated London, August 21;--At. 'he tallow sales 805 casks were offered and 375 sold. Prices were unchanged.