COMMERCIAL.

Timaru Herald, Volume LX, Issue 2691, 30 April 1898, Page 2

COMMERCIAL.

• — — m United Press Association — By Electric Telegraph —Copy righ t. Received April 29th, 9.30 p.m. London, April 29. A deputation of leading importers and distributors of colonial butter waited on the Australian Agents-General regarding the pending proaecutiona in respect to the use bf boracic acid in preserving butter, and requeated the AgentsGeneral to ask the British Board of Trade to stay further proceedings in the prosecutions instituted by the Glamorgan County Council againat persons engaged in the sale of Australian butter until such time as experts had an opportunity of making an investigation in connection with the charges, and fixing n standard for the whole country. Sir AndrewClarke, Victorian Agent-General, on behalf of the other Agents-General, assured the deputation of their sympathy, and promised to represent as strongly as possible the views advanced by the deputation to the Government. The balance sheet of the Shaw Savill and Albion Company Bhows a profit of £26,793. A dividend of 5 per cent, was declared ; £5000 waß added to the fund for equalising dividends, and £2255 carried forward. The market for Weatern Australian mining shares is in a state of chaos. The estimated difference amounts t0 £175,000. Several failures are recorded and more are expected. Mr Bottomley has issued a circular etating that owing to the inability of Home firms to comply with the acheme of arrangement, it will be necessary to reconßtruct the Weßtern Australian market trust. The prosecution of sellers of several

brands of Victorian butter alleged t have been adulterated with bovacicacid at Glamorgan, ended in the dismissa of the case referring to the Orbos brand, on a technicality. The counci has appealed against the decision to th High Court. The caaes in which th Millewa and Corangamite brands an concerned have been adjourned pendini the result of the appeal in the Orbos case. Received April 30th, 1.5 a.m. The balance-sheet of the Auatraliai and New Zealand Mortgage Compan; shows a debit balance of £13,017. Thi directors attribute this to the drough in Australia. Per Press Association. NAPIER, Apr,il 29. Nelson Bros, have received the foi lowing cable from the Colonial Consign ment and Distributing Company:— "Bes Canterbury mutton, 3|d ; best Napie: and North Island, 3-|d. Frozen lambMarket remains unchanged. Firai quality, 4;J-d ; second quality, 4d. INVERCARGILL. April 29. Oats— la lOd, sacks 4d, at countrj stations. Wheat— 4s 3d to 4s 6d, sackt 4d, at country stations. Rye grasß— -Nc demand, stocks being held for the spring, Barley.— A good demand for malting at 4s 6d to ss, country sidings. The Canterbury Farmers Co-operative Association, Limited, Timaru, have received the following cable from their London Office:— "We quote to-day'a value on Smitbfield Market—Mutton, prime Canterbury, 4d per lb; lamb, prime Canterbury, 4id per lb; wheat, 45b per quarter."