COMMERCIAL

Otago Witness, Issue 2326, 29 September 1898, Page 26

COMMERCIAL

The Agent-general cables that Canadian cheese is at 425 ; market rising. There is no alteration in the butter market since last week. The Mataura Island Dairy Factory Company having sold the output at the beginning of last season enabled payment to be made on butter fat at a fraction over BJd on the season's supply of milk. The. directors recommend payment of a dividend of 5 per cent, on the paid-up capital of the company, absorbing £24 19s of the surplus, and after providing for the costs of improvements, the balance be carried forward to reduce the existing deficit on profit and loss account. The milk received at the factory was 2,838,5421b, producing 101,9521b butter fat, from which was manufactured 287,0741b commercial cheese, equal to lib of cheese for every 9.881b tnilk, or 2.81b cheese for every lib butter fat. This is a very satisfactory record. Mr James Clark has been re-appointed cheese^ maker. The Agent-general cables as to the markets : Canadian cheese, 40s — market firm ; choice-sb Canadian butter, 92s to 96s — good demand. The Wairarapa Farmers' Co-operative Association's report shows a profit of £5490, including £95 brotight forward. The directors recommend a dividend of 6 per cent, and a bonus to shareholders of 2 per cent., and to write down the properties by £400. COMMERCIAL CABLEGRAMS. LONDON, September 27. (Received September 28, at 6 p.m.) The wheat and flour afloat for the United Kingdom pjmounts to 1,360,000 quarters, and for the Continent 1,030,000 quarters. National Bank of Now Zealand shares are at £1; Bank of New Zealand 4 per cent, guaranteed stock, 102J ; New Zealand Loan and Mercantile Agency Company's 4 per cent, prior lien debentures, 93.