MILKING MACHINES.

Press, Volume LXI, Issue 18415, 23 June 1925, Page 10

MILKING MACHINES.

Interesting developments will shortly ..take place in .connexion with milking maphines (states the,Dunedin "Star'). ;A number of new. makes of machines ;have recently been put on the market, and to the average layman who inspected the various plants at the recent 'Winter Show, these mechanical milkers are very much alike.,. Many milking'machine owners think so, too; so ■much so that the proprietors of several 'patent rights 'have applied to the Supreme Court- for an injunction restraining these new machines from being put on the market. "Writs are being served 'on the makers of these nen- machines, and one case. ..which will be treated as a test case, is set down for. hearing at an early sitting of the Supreme . Court at Auckland. • It -is alleged that parts of several of the latest machines put on the market' infringe patent rights. If the application for an injunction in successful it will mean that these riow machines can only 1)» put on the market on conditions that ivust first be ar>w>*oved by the owners of the patent rights.

CHRISTCHURCH STOCK EXCHANGE. YESTERDAY'S TRANSACTIONS.

OTHER EXCHANGES. ■ k (PBESS ASSOCIATION VELIGEAMS.) AUCKLAND, June 22. Sales—War Loan, 1938, £94; Inscribed Stock, 1938, £97; New Zealand Breweries Debentures,. 225; New Zealand Insurance, 34s 8d (two sales).; Auckland Gas, 23s 7d; Northern Steam, 15s; Milne and Choyce debenture stock, 23s 3d; Taranaki Oil, 22s 6d; Wilson's Cement, 32s 9d (three sales); Moanataiari, 2s Id; Kawarau, 16s; /Waiai, 26a 6d. • :■•■■• WELLINGTON, June 22;

Sales on 'Change—New Zealand Breweries, £1 '2s; Union Bank of Australia-, £l4 16a. DUNEDIN, June 22. Cement, 335; Ka-warau, 16s. ..• Sales Eeported—New Zealr-nd Breweries Debentures, 22s (two parcels); Kawarau, 16a.

HEAVY LOSSES.

BRITISH ENGINEERING, (Received June 22nd, 8.15 p.m.) LONDON, June - There were about £8,000,000 of new issues this morning, includine £3,200,000 preference Union Cold Storage for the purpose of repaying loans and providing further working capital. : • The Beardmore Company report a net loss for the. year, after payment of debenture interest, of £508,000, with no allowance for depreciation of machinery. A dividend for preference shares was passed. .. The Workman .Clark Company's loss for the year, including debenture interest not yet paid, was £182,000, making a total deficit of £2,571,925-. The directors state that it is oniy possible to keep the yards partially open by making . contracts at prices showing , n small margin. Cash in hand is only £892.

DAIRY PRODUCE. The National Mortgage and Agency Co. of New Zealand, "Ltd.,, hare received the following cablegram from their principals, Messrs A. J. Mills and Co., London:— "Butter —The market is firm. Salted 180s to 182s tier cwt; ■ unsalted 166s to 190s. "Cheese—The market is steady. White ana coloured 083 to 100s."

OTAGO WHEAT MARKET.

(special to "the press.") ' DUNEDIN, June 22.

: Oiago - farmers * arc not holding great quantities of wheat, but what they have they are inclined to hold. They now ask 7s on trucks for Tuscan and 7s 3d for Velvet '

PRICE OF EGGS. (special to "thb fESSS.") " DUNEDIN, June 22. The price of eggs in Dun«din has risen to 2b 8d a dozen wholesale. An advance was expected, for the supply baa for the past, week or two not equalled the demand. PAPANUI ROAD SECTIONS. Jonas, McCrostie C 0.,, Ltd., sold by publio auction in their laud sale rooms. last evening, in' conjunction with. Messrs H. S. Kichards and Son, on account. Dr. Guy Haekins, two sections situate Papanui road, each having, a frontage of about 44ft, to Mr "W. Sykes at £SOO. and .£450 each, the areas being 24 and 25 perches respectively.-

Sales Reported—Bank of Aust ralasia, i :i* 13s 6d; Bank of New Seuth'. Wale3, £41 10 •a; I'aiapoi Woollens (ord.), '. L2e 6d. LATEST QUOTATION S. Buyer s. Seileri 3. £ s. d. £ 3. d. N.Z. GOVT. DEBENTURES— 41 per cent. . Inscribed, 1938 96 12 C — ■Jj jier cent. Bonda, : 1338 — 97 0 0 .5 per . cent. Inscribed find Bends, 1927' .-.• 98 5 0 — 6i per cent. Inscribed, 1927-41 P8 0 0 5J per cent. Inscribed; 1933 101 0 0 101 10 0 OTHER DEBENTT7RES- _ Christchurch Tramways, 54 per cent. 97 5 0 — New Brighton Boro., 62 per cent. — ioo o 0 N.Z. Breweries, Bonds — 1 2 0 Wellington Gas, 8 per .cent. . — 103 0 0 BANKS— Australasia. 14 10 6 14 17 6 Bank of Victoria 7 8 0 7 12 6 Coram, of Australia. .. 1-10 6 1 11 3 Comm. of Auat. (pref.) 6 13 C — National of A'asia (£10 paid) 16 10 0 16 12 0 ' National of A'asia (£5 paid). 8 2 0 8,5 0 New South Wales 41 8 6 41 12 6 New-Zealand 2 16 0 2 17 0 Royal (£1 paid) 1 16 0 1 17 0 Royal (£4 paid) — 7 0 0 Unko of Aiist. .. —-. 14 15 0 INSURANCE— Queensland 2' 8 0 ' — Standard 2 3 9 .—. LOAN AND AGENCY— Daltrety and Co. 14 G 0 — Goldsbrough, Mort 2 6 6 2 6 9 ' National Mortgage — 3 17 0 SHIPPING— Howard Smith ... 1 14 6 — Huddart-Parker .. ' 2 4 6 2 5 3 P. ana 0. Deferred ... — ; 275 0 0 Union (pref.) — ■ 1 0 9 FROZEN MEAT— Canterbury ... 12 10 0 13 7 . 6 N.Z. Refrig. (paid) .. — 0 19 3 N.Z. Refrig. (contt.) .. 0 9 0 0 9 4 North Canterbury .. — 2 2 6 COAL—. Westport'. .. .. 19 0 1 10 6 Stockton (pref.) — 0 3 .6 GAS— Aqhburton .... .. 1 3 6 — Christchurch .. ■ 7 13 0 7 15 0 Timaru — 7 7 0 BREWERIES— Crown ..■ .; 1 15 9 — Manning ... — 1 17 0 New Zealand ■ .. ' 2 0 6 — Wurd .* ... -, •' 2 16, 0 2 18 Ef CEMENTS— Wilson's ** ..' 1 12 9 ■ •'__ TIMBER— Kauri ■ .. ■»•>■ — 1 12 9 MISCELLANEOUS-^, Beath arid Co. 1 11 0 1 12 9 Burns, Philn. . .. — 1 15 9 Burns, Philp (South Se-a) .. 0 19 0 — Colonial Sugar 51 10 0 — Electro., Zino (pref.) .. 1 8 6 1 9 6 Electro Zinc (def.) .. 1 7 0 18 0 ' Mason, • Struthers (£1 paid) .. 1 3 0 1 4 0 Mason, Struthers (14s paid) .. 0 15 6 0 16 0 Mason, Struthers (10a paid) .. ■•■'.. ou 0 0 12 0 N.Z. Guarantee Corpn. 0 9 9 — N.Z. Paper- Milk .. 1 0 6 1 1 3 -Taranaki Oilfields 1 o 6 1 2 0 MINING— ' 1 Mt. Lyell (cum div.) .. 1 1 6 1 2 0