CRUTCHING SALE AT WANGANUI

Press, Volume LXXXIIi, Issue 25302, 30 September 1947, Page 8

CRUTCHING SALE AT WANGANUI

PRICES ADVANCE (P.A.) WANGANUI, Sept. 29. The first wool sale of the season was held to-day before a full bench of buyers, when a catalogue of 14,000 bales was offered, comprising 7500 bales of crutchings and oddments, the balance being stock wools offered on behalf of the joint organisation, together with approximately 900 bales of slipes. Compared with values a year ago, the price of' crutchings advanced up to 3d per lb. The official range of prices is as follows:

COMPANY NEWS 1 Hadfield's Steel Works Profit.—T K chairman of directors of Hadfield’s St< ■ Works, Ltd., Sir John Butters, announct that the net profit of the company an* its subsidiary was £17,859 for the yeai ended June 30, 1947, a record in the his- < tory of the company. He says that pros- < pects are most encouraging. Accordingly shareholders are, he says, advised in their own interests to continue to hold their shares till the annual general meeting, when the directors intend to recommend the payment of a dividend and will report fully on the company’s affairs.-MP.A.) Relax, Ltd.’s Dividend.—Relax, Ltd., is * paying an interim dividend of 3 per cent, on participating preference shares (subject to deduction of social security charge) and a dividend of 3j per cent, g on ordinary shares to all members entered on the register on October 6. 1947. . Transfer books are not closing. Payment will be made by dividend warrants c- ■ October B.—(P.A.) William Cable Dividend.—At ame B of directors of William Cable and C pany, Ltd., resolutions were passed a dividend on preference shares for half-year ended September 30. 1947, at rate of 7 per cent, per annum, be p I on November 1, 1947, and that no d ■ duction be made from dividends for so- ■ cial security taxation, and that payment ■ of this tax by the company is to apply 1 to this distribution only, and that the * payment is to be made without coinittal for future dividend payments.—(P.A.)

d. d. Extra super .. .. 221 to 23j Good to super .. .. 19 to 22 Average •• «. 16J to 181 Inferior .. .. 12 to 15J Heavy seedy .. .. 8 to 11