FARMERS' INSTITUTE

Dominion, Volume 9, Issue 2609, 3 November 1915, Page 8

FARMERS' INSTITUTE

; " ' COMPANY -SUCCESSFULLY. ; ' FLOATED. 'A meeting of tho Provisional - Directors of the Dominion Farmers' Institute was held yesterday, Sir James • iWilsdn presiding. . . ' Tho', required' number of shares ■ing been applied for, the company was duly incorporated, 'and shares were' allotted. Steps were also taken to coni•jilcto tho purchase of the site of the ; proposed institute in 'Featherston /• ', Streoti' .•

• Sir James Wilson and-Messrs. Ewen ■ Campbell and A, Leigh-Hunt, were-;ap- • jwiuted an . executive- directorate, and Mr. E. .C. fek appointed secretary to tho company:' . . "Considerable, iuterest'-is. being taken ' . in the project • throughout the different .- provinces, ; and-it is anticipated that all ' the capital required to erect the institute buildings will be subscribed within the next few months-, and it is felt that • tho establishment of the institute, will mark an epoch in farmers' co-operation in New; Zealand.

COMMERCIAL ITEMS INVESTMENT.. SHARES. Again yesterday there were -no transactions in the investment market-. The quotatdons were a,'follow:-^ wr Well; -Trust, I/oan, Ltd. - 7 7 6 Napier Gas (£5) 1r- i 9 0 0 Well. Gas (£10) 15 18 6 . - N.Z. Insurance ... 5 17 6 *- Union Steam (ord.) 1 3 9 14 3 Union Steam (pTef.) 10 6 Tawpiri Goal ..... 0 lj & Westport Cool .. — 18 9 N.Z. Drug ..... 2 3 6 - * Golden Bey Cement 0 19 6 . — • Sharland (ord.) ' I*3 0 — Sliariand (pref.) r; '13 0 — 0. M. -Banks 110 - MOSGIEL WOOXiLEN COMPANY. • Tho report of the Mosgiel Woollen Factory Company, Ltd., for the year ended .October 6 shows results which are e&tis'factory. -The profit, and los 6 account, after "writing ofl £5000 as depreciation, discloses e balance of profit available for op-, propriation of £9918 13s. sd. The directors recommend that.a dividend of 7 per .cent, be paid, absorbing £5842 Os. 6d., leaving £4076 12s. lid. to, be carried forward. The gross profits' on\ good account t0ta11ed£25,932 Bs. 5d., and transfer fees brought in £2, which, with.-the £1982 12s. sd. brought ■forwftTd, made the total receipts-for the year £27,917 fls. .10d. The working expenses, chargco; and salaries, fnterest, discount, and insurance absorbed £12,998 7s. 5d., and depreciation written, off- totalled £5000, leaving £9918 13s, »sd. as stated, ab^ve. Customs duty collected at the port of Wellington 'yesterday amounted to £6214 19s. 7d. . ' 'SOUTHERN-MARKETS. I'elezraDh-Press AHFOCIAUOIM ChHstchurch, November 2. A good line of wheat has been' on offer, but buyers are not very. k<Siir and anticipating, no doubt, that, may be on eale later on, are quo ting prices that sellerfl are not yet prepared to accept. potatoes are still the only line in which any business can be done. There are still small shipments being made to Sydney, and'there is-some* demand from the North Island. The price is now £fi at country stations. New potatoes are now coming on the market, the early crops not having been spoilt by frost as they were last year, when the demand far old potatoes lasted right up to Ohristm&s. From the North of Auckland, there are reports, however, that blight has cemsod eerious damage to the crop, . LOSD'OX MARKETS. - Br TeleEraph—Press Association—Copyright (Rec; November 2, 9.15 p.m.) London, Novefli'ber 1. The wheat market is firm and rather dearer. ' Tallow—ln 6tock, 11,103 tons; imports, 4238 tonff; deliveries, 5000 tons. ' . METAL MARKETS. • . V (Rec. November 2, 9.15 p.m.) • London, November 1. Copper—On spot, £75 2s. 6d. to £75 12s. 6d. per ton; electrolytic, £88 10s. to £89 10s.; supplies, 28,359 tons; deliveries, 32,457 tons; stocks, 20,335 tone; afloat, 3500 tons; .visible, .30,008. tons. ■' Tin.—On'spot. £163 2s. 6d. per ton; three months',, £162,125. 6d. Lead.—Soft, foreign, £24 ss. per ton- on spot, and-£23 future delivery. ■■ ! - Spelter.—On spot, £73 per ton; fatnrc delivery, £68.