COMMERCIAL.

Otago Daily Times, Issue 19373, 8 January 1925, Page 6

COMMERCIAL.

DAIRY PRODUCE. Messrs A. S. Paterson and Co. are in receipt of the following cablegram from Messrs J. and J. Lonsdale and Co. (Ltd.), London, dated January s; The butter market is weak at 180 s to 182 a. Tho cheese market is quiet at 98s. Messrs Joseph Nathan and Co. (Ltd.) hare received the following cablegram from their London office:— New Zealand butter, 176 s to 178 b. Cheese, 98s. LONDON! MARKETS. The New Zealand Loan and Mercantile Agency Company (Limited) has received tho following cablegram from its London house under date January 2: —Mutton. Small supplies. Have advanced id per lb. AUCKLAND 'WOOL SALE, GOOD PRICES EXPECTED. (Thom Ooe Own Cobbespondent.) AUCKLAND, January 7. Tho second wool sale of the season in Auckland will bo held on February 10. "Wool is coming to hand freely, and notwithstanding tho exceptionally large quantity offered at the first sale on December 5, it if> anticipated that tho catalogue for the coming sale will nearly equal tho record offering of 22,580 bales made at the February sale last year. Tho quality of tho clips coming forward is excellent in most instances, but there is always a larger percentage of rough wools at the later sales of the season on account of tho greater proportion of clips from tho out-back and bush country being included. It is generally anticipated by experts that the standard of prices established at tho first sale will bo maintained. _ The average price per bale may show a slight decrease, but that will bo duo to tbo greater proportion of rougher wools that will be offered. An authority, discussing the position, stated that the results of the sales in the south woro most encouraging. There had been slight variations in the different centres, but everything indicated that the standard of prices fixed at the opening sales had been fairly well maintained.

THE METAB MARKET. Press Association —By Telegraph—Copyright. BONBON, January 5. Copper; Spot, £67 18s 9d; forward, £63 le &L „ . ~, Bead: Spot, £43 ss; forward, £4B Spelter: Spot, £3B 10s; forward, £3B 6s Bd. Tin- spot, £277 12s 64; forward, £231 2» 6d. Saver; Standard, 82 6-16 d per or; fine, 342 d per os,—A. and IBA. Coble. NEW ZEALAND BOAN AND MERCANTILE agency. DIRECTORS' REPOET. (Pbom Otte Own Cohenspondznt.) BONBON, December 3. The directors of the Now Zealand Loan and Mercantile Agency Company report that after paying interest on the first and second mortgage debenture stocks, and making provision for bad and doubtful debts and other contingencies, there remains a balance of £131,724. From this amount £IO,OOO has been written ofi premises; the directors have appropriated £SOOO to the staff benevolent fund; the'interim dividend on the preference stock paid in June last has absorbed £26,000, leaving a balance of £31,724, to which has to he added £21,031, brought forward from last year, making a total of £112,755. Out of this the directora recommend a final dividend of 2J per cent on the 6 per cent, cumulative preference stook, payable less income tax, £25,000; a dividend of G per cent, (payable less income tax) on the ordinary stock, £60,000; leaving to be carried forward £27,755. The directors refer with deep regret to the death of Sir Vesey Holt, ILB.E„ who had boon a director of the company since 1806, as the representative of the second mortgage debenture stockholders. In his place the trustees of the second mortgage debenture stock have appointed Mr Arthur Frederick WoodCHIOAGO WHEAT MARKET. Press Association—By Telegraph—Copyright. NEW YORK, January 6. (Received Jan. 7, at 6A pjn.) Chicago wheat; May, 178 cents; July, 164 J cents.—A. and N.Z. Cable,