COMMERCIAL.

Press, Volume LV, Issue 16428, 23 January 1919, Page 5

COMMERCIAL.

TEMI7KA STOCK SALE. There was a good attcnQanc© of buyers at the Temuka stock eale on Tuesday. A firm tone pervaded the market for fats, which sold well, but stores were in poor, demand. i'at ewes mado 22a to 35s 6d, fat lambs 22s 6d to 28s 9d, store two-tooth wethers 25a 9d to 28s. rap© lambs 15s, fat cows £10 10s to £13 2s 6d, fat heifera £7 15s to £ll 123 6d, fat 6tcers £14 7s 6d to £ls 12s' <sd, yearling- steer £1, mixed sex yearlings £4 3s 6d, eight months old steers £6 ss, two-year-old steers £8 7b 6d, calves 7s to 57s 6d, wean era (pigs) 10s to 27b Gd, stores 28s to Sis. GISBOF.NE OIL COMPANY. (press association* telegram.) GISBORNE, January 22. At a meeting of shareholders of the Gieborce Oil Company a resolution was passed authorising the dispbsal of the plant to Messrs John Clark and W. D. Lyanar, shareholders to participate to the extent of a quarter of the not profits as the result of the latter's operations. Messrs Clark and Lysnar have mad© arrangements for a wellj known Sydney borer to take charge of the work. WHITE PINE AND RIMU. RESTRICTIVE REGULATIONS. Tho regulations governing the • export of white pine and the new regulations to come into force in April in respect to-the export of riniu were tho subject of a protest to the Minister for Lands at Dargnville a fewdays'- ago. The speakers, who were members of the Kaipara Chamber of Commerce, said it was estimated that 45 per cent, of tho ; white pine cut was required for the dairying industry, but the Government had. prohibited the export of 60 per cent. In addition, the sawmillers had just been informed that after tho beginning of Apnl 75 .■no, cent", of the rimu cut would li&vo to be reserved for the New Zealand market. This meant that' they' would have to lessen their output, as under the new conditions they would not be able to get rid of their present outtings. The prices paid by J°* milling lights had been, based on the pre* regulation penod. The millers had aJ«o outer®!? into contracts to cut small pieces of bush on settlers' holdings, but, owingtothe restrictions, they would not be able to perf°The said the Chamber had made out a very good case. It was, however, clla matter for the Board of Trade, and hf would forward the deputation's ™P*«entations to the Board. It seemed reasonable s -sissi'S" Government to' any definite action, Zl WidlomaTtho report of the deputatwl conations tojhe Minister concerned. -r-rT.IPSE PETROL EOONOMISER SYSTEM COMPANY. The annual meeting of -the Eclipse Petrol *n» Svetom Company, Ltd., was h*ld the Chamber of Commerce Mr "Wm Wood, chairman of directors, presiding o V er an attendance of about onti hundred. The annual report and balance-eheet (as on. March 31st, 1916), a of which has already appeared, was taken m read. The chairman moved the adoption of the report and balance-sheet, and said the position had been one of waiting till ttie war

over. During the war perfrf [hat all they could do wm to portaot th» comoiny'a implement and try to make it «<.•- al to the Entente Government*. Both in 1 America and England th* company had d»- .. sired to ffet *b« hall-jnaxk of the Govern- ~ neat and Messrs and AWrone in Ajnorica, and Mr Wra » England, » |)ad all worked towards that end. An offer „ had been made to Mr Tredwin to wll him « Ihe American righ.U (including North and * South America) for *100,000 plus* r°y*Ky of ... n n o dollar per carburetter. The following - •able message was received on Tueeday afternoon: —"Cannot effoct aale of American , i-Hits until London company a financial sue- ; " (Sir Johnl Jackson prepared to pay ioOOO for twelve months' option, purchase on terms, giving you moiety of profito reahaeri - !,v them. Godwnrd to come hew, TSir John] 3 Jackson paving espouses and salary for him. and keep patents alive dimnff opflbn. The rhairmau thought. this boro out all that J.r had said about his confidence in the company. , t Mr J C. AVhiteman seconded the motion. _ \£ r p. Hallenstein aaked what the pre- „ sent financial position of ec f™ I Tho chairman said that £1500 had boon t received sine* March Sl«t, 1918. and th« . amount at present m tho bank was £566. Mr Hallenstein expressed the opinion that , the company was living on its capital. The chairman said that thoy were realising on rights that would expire in U or ■ IS vears. He considered that tho reserve ypreesented bv tho uncalled capital Aowed tho sound financial position oI tho company. Replying to Mr G. White the chairmmi said that a cable message had been receivoc. to Uie offset that Mr Armstrong wss returning from America to explain the position there, which was thoroughly omind. After several other qncetiona had been answered the motion waa agreed to. Messie D. TV. McKay and Walcot J. Wood were re-clcctcd directors. Messrs Ollivier Bros, wore re-electod auditors. BUKNSIDE MARKET. (PRESS ASSOCIATION TELEGRAMS.) DUNEDIN, January 22. At Burncide to-day-there waa a luxge yarding of fat oatllo of splendid quality. Owuig to tho number offered prices were easier by £1 per head, and towards tho cloeo tlio sale tho decline was oven greater. I'-xtni prime bullocks made £24, prime £19 to £-~ 10s, medium £16 10s to £18, lighter_ £13 and upwards, extra prime heifers to £18, pnmo £15 to £17, medium £13 to £li 10s, light and aged £9 and upwards. Store cattle—-There woo a large yarding of fail- quality. Prices were easier by 10s por h< The yarding of fat eheep w*a in etoeas of requirements, and prices did not reach last week's rates, wethers being Is and ovros la Gd but prioes firmed a little towards the close. Prime wethers in tfie *°°} 0 •19s 6d to 50s 3d, extra primo 415.t0 Bis, iiriino 30s to 42» Gd, medium 35a to 335, light Lid unfinished 28s and upwards, ewes 40s to 41s 6d, pnmo 34« to Ms, 31a to 335, light and unfinished -3s and was a medium quality. Priwa were weaker. Ext™ heavy made 2Gs to 28s, prune 23s to -1b 6d, lipht. and inferior IP® 6a to 23SPigs—A large yarding sold under kconcompetition at prices ranging from te, 6d to £9 14s. CHRISTCHURCH STOCK EXCHANGE. LATEST QUOTATIONS. Bayer*. GtXln*. £ a. d. t•. 4. DEBENTURES— N.Z. Government 1J 1« , . oent. (Inscribed) 95 0 0 BANKS— . t .. Commercial of Australia • (4 per cent. cum. preU 611 0 National of LOAN AND AGENCY- . Dolgety and Co. .. 0 » n ft. K ft Permanent Investment 815 0 0-5 0 SHIPPING— Union. (5i per • cent. 113 cum. pr c f-)_ * FROZEN MEAT— Canterbury (6 per cent. cum. pref.) .. " t N.Z. Refrigerating (cum. 4 dir.) - 396 COAL — _ 0 9 0 "Westport-Stockton • • i W©stport-Stockton (8 por - cent, non-cum. pret.) " ■f' Sl9 0 MISCELLANEOUSCant. Farmers Co-op. _ «» 16 ,fl (Timaru) _ 2 3 4 N.Z. Farmers Co-op. g Q Q , WMteombe and Tombs G2 6 — , MINING— o 0 0 ioio i Talisman .. o 4 R — : Wailii •• "■ YESTERDAY'S BUSINESS ON YESTiaUAi EX C H ANGE S . . ■■ (PRESS ASSOCIATION TELEGRAMS.) ; AUCKLAND. c-ip- reported:—Union ' Steam (prefj, 31* Zealand Insurance, £11,45. r ,