COMMERCIAL INTELLIGENCE.

Temuka Leader, Issue 251, 24 April 1880, Page 2

COMMERCIAL INTELLIGENCE.

'Tbmura Leader Office, Friday evening. There fs no great change - to noto in the ptock and grain markets. TimartT) : Friday night. General trade is still very duM, and business is limited to the supply of mere actual wa:-ts. The labor market is still in a rather unsatisfactory condition, and wh<-n harvest is over it will be still more bo. General quotations have not changed materially, so that there is nothing fresh lo report. London, April 20. attend-rfnee at sale-r0..-m. Foreign buyers are principal operators. Merino •wool opened at 10 per c-nt to per cent above closing r»iea of last series. There is no clungc in p.p fleece, and cross-bred descriptions show only slight advance. ,400,000 bales catalogued. Dunedin, April 21. The third ordinary- general meeting of 4he shareholders of Guthrie and Larnach's New Zealand Timber and Woo • ware Factory Company was held to-day. The directors regretted that the balance-sheet and profit and loss account were less satis. factory than usual. While LlO,lOl Us lOd stood to the profit and loss account, they did not recommend a dividend, hut that the amount should be carried forward. The report further noted that the Directors therefore would se'-k the support of the shareholders to a policy of concentration by withdrawing from such points as have not fulfilled the Company's aim. It irt proposed to limit the branch establish ments to London, Invercargill, and possibly Timaru. In an agency may be retained for the Sale of the Company's manufactures. The operations at headquarters show profits equal to providing a reasonable dividend on the capital, rot with standing nil adverse conditions. Th-J efforts to place the balance of im 1 tti-d shares at II premium have resulted in tho taking up of 792 shares in the London market, making a total issue of 43,923 shares. The report was adopted* Mr J. Robin was re-elected Director, and Messrs "W. Brown and W. Mudie Auditors.