COMMERCIAL.

Otago Daily Times, Issue 19550, 5 August 1925, Page 6

COMMERCIAL.

By a typographical error in our review of the annual balance sheet of the New Zealand Insurance Company the increase in the receipts from interest and rents during the past year was said to bo £11,597. The figure should have been £111,597. SHEEPSKIN REPORT. The Dunedin Stock Agents Association (Messrs Stronach, Morris, New Zealand Loan Company, Otago Farmers, Dalgety and Co., Donald Reid and Co., Wright, Stephenson, and Co., and National Mortgage and Agency Company, Ltd.) report having held their fortnightly sheepskin sale, when fairly large catalogues were offered to the usual attendance of buyers, when a brisk sale took place at an advance of Id to IJd on the previous sale. The following i s a list of prices obtained at auction: Crossbred fuil-wool, 12Jd to 13Jd; fine crossbred full-wool, 13Jd to 15>d: halfbred full-wool, 15Jd to 16d; merino full-wool, 14d to 14Jd. Crossbred half-wool, 112 dto 12}d; fine crossbred half-wool, 122 dto 13|d; halfbred half-wool, 10|d to 13Jd. Crossbred quarter-wool, 12Jd; fine crossbred quarter-wool, 134 d to 132 d; halfbred quarter-wool, 10id to 12R1. Crossbred faulty, IOJd to 11 id; crossbred dead and damaged, 9jd to HJd; halfbred dead and damaged, 12Jd to 13Jd. Pelts, good, 10.(d to HJd; pelts, faulty, 4id to 7Jd; lambskins, IOJd to 132 d; hoggets, good, 14id; faulty, lOd to 12td. CANTERBURY MARKETS. (Peb United Pkess Association.) CHRISTCHURCH, August 4. The potato market is scarcely so buoyant as at the week-end. Reports from Sydney are that the price has eased there somewhat. At all events the f.0.b., s.i. price in Lyttelton is back by 10s per ton on what was the ruling a week ago. The wheat boat Waitomo, which is sailing from Lyttelton on August 12 will take a consignment of approximately 5000 sacks. Sydney merchants are just nibbling at business. To-day values on trucks at Canterbury stations are from £5 to £5 Bs. Except for the potato business, the market is almost lifeless. Oats are moving very slowly, and the improvement in Partridge peas values has eased. NEW ZEALAND INSURANCE COMPANY. (Peb United Press Association.) AUCKLAND, August 4. At the annual meeting of shareholders of the New Zealand Insurance Company motions to enable capitalising of 2s per share for the purpose of an increasd dividend were unanimously carried, the chairman stating that £123,000 came from the reserve, £15,000 from the investment fluctuation fund, and £IO,OOO from the sum set aside to provide for taxation. The two latter accounts wore, however, left with what the directors were fully satisfied were more than ample margins for all contingencies. CHICAGO WHEAT MARKET. Press Association—By Telegraph—Copyright. NEW YORK, August 3. Chicago wheat: September 158 cents per bushel, December 1572 d, May 1602. —A. and N.Z. Cable.