BUSINESS NOTES

Timaru Herald, Volume CI, Issue 15455, 18 September 1914, Page 8

BUSINESS NOTES

SPELTER WORKS. TO DISPLACE GERMAN. LONDON", S.-pt. I,;. The ■ Daiiy .Mail'" says that i c . is [>■ .lialilc t!i::i Miu-Uitiii work- will be opened in Kiuth'.nd .-'loitly capable of producinc r.i.t.i«u.- nm, of f1 }..'t,..,- JUiiu-

ally. Experts are investigating sites and studying the latest American methods. It is possible that the Government vili support the scheme in view of the importance of spelter for war material. FINANCIAL. The Royal Exchange reopens to-mor-row and resumes foreign business. The Government has agreed to compensate railway companies to the extent of the aggregate net receipts while the Government is in possession, if the returns fall short of the receipts ! for the corresponding period of 1913. AUSTRALIAN IMPORTS. SYDNEY. Sept. 17. The Hon. W. A. Holroau has an- 1 nounced that the Government would not curtail its British importations on account of the war. British shipping was not menaced and he saw no reason to curtail Australian husiness. WHEAT IN AUSTRALIA.. COMMISSION'S PRICE TOO LOW. SYDNEY, Sept, 17. A munber of firms holding farmers* wheat have declined to fill orders at the price fixed by the Foods Commission, as stocks are below clients' demands. Important Government action is anticipated tn-day in connection with the large stocks of wheat held at Sydney. MELBOURNE, Sept. 17. Giving evidene© before the Commodities' Commission prominent wheat huyers said the general opinion, was that tho price fixed at Sydney was absurd. Tho local wheat market is paralysed, sellers refusing 4s lOd. SHIPriNG FROM NEW YORE. LONDON, Sept. 16. The Australasian Merchants' Association discussed tho efforts that are being mad© in New York to i-etain Australasian trade for the German steamship companies hitherto engaged therein, by arranging for the carriage of goods in British bottoms during the war. It was resolved to strongly recommend the association's' members that all Australasian exporters and importers confine their shipments to steamers approved by the Norton Lilly Company of New York, who represent the British ship owners- The same resolution was passed by the Australasian section of the London Chamber of Commerce..