COMMERCIAL.

Timaru Herald, Issue 170307, 30 August 1920, Page 8

COMMERCIAL.

LONDOX AVCOL SALES. By Electric Telegraph—Copyright. Australian and j.\./... Cable Assn. LONDON, August At the ivool sales arc unchanged. Tuc computation for crossbrotis 'continues to improve, a larger proportion being sola. The "Tit-i" clip made up to i6|d and averaged -!3d.

'jL'he Bradford tops market sho'.vs a. more confident tone, tnouga business is still small. sixty-tours quality 1.1 quoted at 10: M to 10« d, fifty-sixes 84d, Ufucs 50, forty-sixes 32d. Iteceived 5.0 p.m.. August 29fcB. LONDON, August i' 7.

At the wool sales merinos were firm at. full late rates and some til "in liaired, Continental stylo, 15 per cent above July rates.

At the Antwerp colonial wool sales 12,438' Imlcs were offered and . 4500 sold. Fine sorts advanced o .per cent: medium and interior qualities werra unchanged.

IMPERIAL BUTTER PURCHASE. Mr Osborne Sinclair has completed a, new contract with the J;'o.ocl Ministry I Hi- the purchase of next! senson's A«stmlinn butter. With a view to ouccniaginp; increased production tire Government r. greed to pay 274* 1.0.b. for 90 point huttor. Is Gd less for each piftnt holow. All other conditions .ire .similar to those of tko -June contract, and the period ol : purchase is ' August 1 to March 31. ( PRIVATE ADVICES.

Local houses have received the following cables from London: — N.Z.L. and M.A. Co. (Aug. 28); "London wool sales opened to-day. As compared with last sales' closing rates prices are higher by about a per cent to 7 per cent for merino; about'o per cent for fine crossbred and about the same for coarse and,medium crossbred." (Aug. 25) —"We quota present spot values for tallow as follows: I' ine mutton £3 Ids per cwt, good boot £3 15s per cwt, mixed £6 (is per c:\vt._. market- dull, nominal quotations."

Dalgety and Co. (Aug. 25) —'■Tallowsales —Offered 1.370 casks, sold 65, at about 2s to 3s per cwt. decline."

AMERICAN CEREAL CROP,

Received 11.30 p.m., August 29bhi. NEW iORK, Aug. 27.

The Secretary of Agriculture estimates that the "United States wheat crop will exceed the, pre-war average by a hundred million bushels. The corn crop is expected to be three thousand million, and the oat crop fourteen hundred million vmsltels. The. total value of tile crops is estimated at 25,0C0 million dollars'.

N.Z. FARMERS' CO-OP. ANOTHER "BEST" YEAR, (Special to the "Herald"). CHRISTC'HURCH, August 28. The result of the year s operations of tho N.Z. Farmers' Co-operative Association of Canterbury represents a, record. Each succeeding year for, many years ..past, lias been a ' best," and tho period which closed on July 31 last was an easy "best." Tile profits for the year amounted to £82,751, which with £B6IO brought forward from last year makes a. total of £91,362, which the Board proposes should be dealt with as follows:—To pay (5 per cent dividend ou prei'srsnco shares (£.25,649); to pay dividend and bonus equal to SJ- per cent upon the ordinary pa id-up capital £29,140 (free of income tax in both cases); to placo to reserve fund £11,919. which with £BOBO representing premiums on ordinary shares allotted during the year will then stand at £19,C00; to writs ten per cent depreciation off machinery and plant £5093, and a further sum of £IOOO to provide for depreciation of motor vehicles used in the . l ssocint ion's service; to write £100(1 off warehouses and fittings; to depreciate Governments bonds held by £1000: and bonus to the staff £4500. md carry forward tho balance £12,080.

TATTEESALLS. REPORT.

The C.F.C.A. repoits having lieldi their weekly horse sale at lattersall's on Saturday. 'Tho entry comprised 44 horses of all sorts. The attendance was large and bidding spirited throughout the sale, and most of t-»e yarding' changed hands, prices showing a slight advance on the previous sale. Young draughts £2O. £22. £2l 10s, £26, £2B, £3O. £3O, £3O, £35, £35, £3B, £4O, £4o' 10s, £42. £45, £49; 8 and '.) years, £ls- £l6 10s, £lB 10s, £22; harness lior&es, £4, £6 10s, £lO to £l3; ponies, £ls', £l6, £l.B, £2O; pony foals, £7 10s„ £l2. Harness and sundries sold well. s