COMMERCIAL.

Otago Daily Times, Issue 19616, 21 October 1925, Page 6

COMMERCIAL.

BRUCE WOOLLEN MANUFACTURING COMPANY. Tho directors of the Bruce Woollen Manufacturing Company state, in their annual report, that, after provision has been made for the payment of income tax to the end of the last financial year, the profit and loss appropriation account shows a credit balance of £15,549. They recommend that a dividend of 8 per cent., absorbing £BOOO, be paid to the shareholders, that £2OOO be carried to reserve, that £2OOO be written off plant, that £IOOO bo written off premises, and that the balance (£2510) bo carried forward. RABBITSKIN MARKET REPORT. The Dunedin Stock Agents and Woolbrokers' Association (Messrs Donald Reid and Co., Dalgety and Co., Wright, Stephenson, and Co., the National Mortgage and Agency Company, Stronach, Morris, and Co., Otago Farmers' Co-opcrativo Association, New Zealand Loan and Mercantile Agency Company) reports having held its usual fortnightly Bale, when medium-sized catalogues were eubmitted to a good attendance of buyers. Prices, as a whole, were on a par with late rates, except winter does, which can bo quoted from 2d to 3d higher. The following is a range of r.rices:—Super winter bucus, STJd to S92d ; super winter does, 9&|Jd to 985 d; prime bucks, 892 dto 36Jd; prime does, 873 d to 9Gd- first bucks, 83Jd to 87Jd; first does, 82>d to 86}d; second 66d to 80Jd; second does, 66d to 83d; first spotted winters, 56d to 61Ju; first outgoing does, 54d to 68id : outgoing bucks, to 51Jd; epring does, 44d to iOid; spring bucks, 44Jd to 50d; first incoming, 70d to 75Jd; autumn, 56d to 59Jd; early autumn, 48d to 52d; racks, 36 to milky does, 42d to 48d; summer bro*»n, 33£d to 36d- autumn broken. 45£d to 46Jd; winter broken, 54d to 59*d: winter fawn, 76d to 92Jd; autumn blood-Btained, 52d to 54d; winter blood-atained, 5&2d to 64d; horsehair, 20d to 21d. FROZEN MEAT MARKET. The Now Zealand Loan and Mercantile Agency Comnanv (Ltd.), has received the following cablegram from its London house, under date the 16th inst.: New Zealand frozen meat: Lamb, ll|d per lb (average). Mutton: Prices unchanged. Small demand. ■«». DAIRY PRODUCE Messrs A. S. Paterson and Co. (Ltd.) have recived the following cable from their principals in London, dated October 19: Butter: Quiet; 214 s to 2165. Cheese: Steady; 118 e. «* SHAELAND AND CO. The directors of Sharland and Co. (Ltd.), in presenting tho balance sheet and profit and loss account for the year ended on August 31, state that, after provision has been made for all bad and doubtful debts and full depreciation of plant, and after stock has been taken at saleable prices and th<» sum of £2030 has been transferred to reserve, there lemains a balance of- £97C4 to be dealt with (including the sum of £3415 brought forward), and it is recqramended that a dividend of 7 per cent, for the year (less interim dividend of 2J per cent.) be paid, absorbing £5625, and that £4139, providing for income tax. bo carried forward to next year's account. As the premises are worth considerably more than the figure at which they stand in the books, it is con sidered that further provision for deprecia tion would be inadvisable. «i . CANTERBURY MARKETS. (Per United Press Association.) CHRTSTCHURCH, October 20. Business over the week-end has been quiet in the grain market. The Australian potato boat Karetu is due to leave on Thursday. Her consignment will probably be between 8000 to 4000 sacks. The Auckland vessel, Katoa, is not yet away, but her cargo is expected to be on the small eide, less a clear 4030 so.oks. Generally there is a weaker feeling in the market, and prices have eased since the week-end. Present quotations are from £7 to £7 ss, on trucks. The feeling is a sort of end-of-season rne. tis insufficient potatoes are now beiri? offered to detiress values. A milling and feed demand for oats has set in from the north, and merchants are stefdily reducing their stocks of under-grade stuff. A (Trade Gartons sold at 4s 9}d, f.0.b., s.i., and B's at 4s sd. The only seed lino to occasion notice is cocksfoot, which is firmer, and IOJd is now the ruling price for standard stuff. FRUIT FROM FIJI. Press Association—By Telesrraph—Copyright. SUVA, October 20. (Received October 20, at 8.5 p.m.) The Hinemoa sailed for Auckland today with 2500 caae s of bananas and 500 cases of pineapples. c> LONDON METAL MARKET. Press Ausociation—By Telegraph—Copyright. LONDON, October 19. (Received October 20, at 9.40 p.m.) Copper: Spot, £62 Is 3d; forward, £63 Is 3d. Lead: Spot, £3B 7e 6d; forward, £36 ss. Spelter: Spot, £4O 2s Cd; forward, £3B 16s 3d. Tin: Spot, £279 12s 6d; forward, £2BO 7s 6d. Silver: Standard, 32-M; fine, 35 12-lGd per oz.—A. and N.Z. Cable. m&LONDON WHEAT MARKET. Press Association—By Telegraph—Copyright. LONDON, October 19. (Received October 20, at 5.5 p.m.) Wheat cargoes are firm and occasionally 6d up in sympathy with better American advices, but buyers are reserved. Parcels are scarce and are meeting with fair inquiry at 3d to 6d dearer. Liverpool future?: October 10 8 Gid, December 10s 7d March 10s 0»d per cental.—A. and N.Z. Cable. - CHICAGO WHEAT MARKET. Preea Association—By TVlepraph— Copyright. NEW YORK, October 19. (Received October 20, at 5.5 p.m.) Chicago wheat quotations: December (new) 145&, (old) 144"; May (new) 1421, (old) 141 J cents per bushel.—A. and N.Z. Cable BRADFORD TOPS MARKET. Press Association—By T»U;rraph—OopyTisrht. LONDON, October 19. In Bradford tops there is sood inquiry for m«rinos for early delivery. Stunners are anxious to cover recent sales, but there is very little forward booking. Crossbreds are firm.—A. and N.Z. Cable. FOUKIGN EXCHANGE DATES. Press Association —By Telegraph—fnovrierht LONDON. October in. The exchange rates are ;ir follows: l'nr. net, 15. Oct. If).

raris, fr. to £1 ... 108.40 109.110 BrnsBols, Jr. to £i Of, C)H 10B.35 10(5.2,") Oslo, kr. to £1 18.1.V) 2X92 2:1.80 Poppntiagon, kr. to £1... 18.1M 19.54 I8.:i:i Stockholm, kr. to .£1 18.159 18.07 18.10 Berlin, reiehmkn. to i'i 20.43 20.32 20..'12 Montreal, dol. to XI 4.803 4.831; 4.8.31 Xnw York, dol. to £1 4.8H? 4.84 1 -16 4.84 Jtomo, lire to £1 ... 25.22* 1213 121^ Yokohama, st. to tcti 24.58 201 20 5-111 Ciilcur.ta, ?t. to mp.'u 10 to £1 * 18 :mg 18 3-13 TlCAtpkonz. ft. to do!. * 2.13 2.93 Aint?tKrrlam, f,'uild. to £1 12.107 12.043 12.04 Batavia, guilders to £1 — 11.99 12.00 * Governed t '7 P irioe of f ilvcr. -A. and N.Z. Cable.