COMMERCIAL

Press, Volume LXXXIII, Issue 25135, 17 March 1947, Page 8

COMMERCIAL

NEW TALLOW PRICES (PA.) WELLINGTON, March 16. Designed to increase exports to Britain, new prices for tallow bought by the Marketing Department for export were announced by the Minister in charge of Stabilisation (Mr D. G. Sullivan). The Minister said that the United Kingdom has frequently expressed its desire to secure the maximum quantity of tallow from New Zealand, and the new prices should result in the resumption of collections of fat through channels, where supplies had been diminishing because of increased costs, mainly of containers. The increase in f.o.b. prices varies from £ll 2s a ton in case of low-grade gut tallow to £2l 0s 6d a ton in the case of first grade beef tallow, and will apply to all tallow manufactured on or after March 17.

SALE OF STUD RAMS (P.A.) GORE, March 15. A record price for a Romney Marsh ram in the South Island—32ogns—was paid for an Upland Twin Leedstown Upland ram at a reduction sale on behalf of Matthew Kirkpatrick, Greenvale. A record South Island price of 42gns was paid in two instances for a fourshear ewe, both from Upland dams. The total proceeds of the sale were about £BOOO. MINING Snowy River Dredge.— The Snowy River return is 91oz in 254 hours from 44,000 yards.—(P.A.) London mining quotations are: —Broken Hill North, 64s 4Jd; Zinc Corporation, Ills 3d; New Broken Hill, 38s 7Jd; Mount Lyell, 20s; New Guinea, 2s 3d.—London, March 14. The Electrolytic Zinc Company of Australasia, Ltd., announces that Mr H. St. J. Somerset has retired from the position of managing director. He will remain associated with the company as consultant Mr Harry Hey,' who has been general manager of the company and is a director, will succeed Mr Somerset.