LATE COMMERCIAL

Sun (Auckland), Volume I, Issue 164, 1 October 1927, Page 13

LATE COMMERCIAL

N.Z. FARMERS’ COMPANY PREFERENCE SHARE DIVIDEND Press Association. CHRISTCHURCH, To-day. The annual meeting: of the New Zealand Farmers’ Co-operative to-clay adopted the report with little discussion. The directors announced a dividend of six per cent, to first preference shareholders, and after paying this £22,000 will be carried forward to profit and loss •ccount. Ttie chairman said he hoped during the eoning year to pay dividends on A and B shares also.

FLAX-GRADING RETURNS

INCREASED ACTIVITY An Increase in the amount of flax milled la the Auckland province continues to be recorded in the grading: returns. Figures for the month of September show an all-round increase on those for the corresponding period of last year. There is still, however, a disappointingly high percentage of lower grade flax compared with the better grades put through. Figures for the month are as follow, those for the corresponding period of last year being given in parenthesis. Hemp. —3ood, fair, 16 (40) bales; high fair, 442 (212); fair, 727 (425); common. (147); rejected, 13 (49); total. 1,200 1910). Tow.— No. 1, 6 bales; No. 2, 274 (165); So. 3. 64 (96); condemned, 4 (18); total, 34* (279). Stripper Slips. —No. 2, 4 (5) bales.

SOUTHERN EXCHANGES

Christchurch: On ’Change: New Zealand Ref rig (con.), 7s 3d; Christchurch d*s (ex rights), 22s 2d. Dunedin: Sale reported: Auckland Amusement Park. 17s 6d.

BUITER AND CHEESE

MARKET HEALTHY ,A quiet tone has prevailed in butler circles on the Home market over the week. Cheese continues to record an upward tendency, reaching 106 s, according to late advices. Huite-r has apparently reached its **irith for the time being, touching lS4s, fnd no cables g ve any indication of an strengthening of demand. Jummed up. the position for both butbenlth*'* c^eese ’ ©specially the latter, is Chat importers are satisfied with near oilure prospects is indicated in a cable eceived yesterday by Xorden and Co., S'? I ’-? the Wellington office of the New r Dairy Produce Exporters’ Assoc«tion, as follows: importers' cable suggested advance on r-M e u' *° 1 and on butter to Is sd. until farther notice." t * i* r< T^ ants a^v ‘ se receipt of cables from 'ir principals as follow: t-eonanl nd S->n. Ltd . from A. C. Row-lavu-i .. ,l t,T market slow, with New Zeaa ‘ a j J?*. to 184 s. < 'heese market firm, 10ts ,v riCf s advancing, quotations, 105 s to W.l'.iln ' r - r 7 lb u!l ana Co.. Ltd., from IV. under date Sepgutter: Punish. 194 s to 1965: Ze-bnA‘ iai ', d ' ur.salted. 184 s to 190 s; Nev; U sa ht-d. 175 sto 182 s. The market rnisv. : New Zealand, white to iKr 1043 to 106 s: Canadian, 105 s

CHICAGO WHEAT

-j Cable. Press Association.—Copyright Wti 9SOa m ' CHICAGO. Friday. cernlTV —® e Pifrober, 1 dollar 25S cent*- xc UShel: 1 dollar 30S »hd N-z rC ' 1 d ° U * r 33i cents.—A.