FAT LAMB PRICES

Press, Volume LXXXIX, Issue 27018, 18 April 1953, Page 8

FAT LAMB PRICES

SCHEDULE RATES INCREASED Further increases are announced irf the meat export schedule operating in the South Island. As from today the prices for fat lambs are }d higher, bringing the price per lb on the hooks to 21%d. The value of a 361 b fat lamb is now £3 4s 6d. The increase in lamb prices is attributable to a further increase in wool pullings and not, it is stated, to an increase in wool values. The price for wethers, too, has been advanced id, making this class of meat worth 13d per lb to farmers. The ewe price remains unchanged at 7d per lb. The new schedule for fat lambs is as follows j

AUSTRALIA’S HUGE WOOL RECEIPTS £307,030,000 TO DATE (N.Z. Press Association—Copyright) SYDNEY, April 17. The National Council of Woolselling Brokers says that wool sold in Australia for the first nine months of the current season to March 31 realised £307,030,000, only £BOO,OOO less than the last full year’s cheque. Receipts for the nine months are £60,090,000, or 24.3 per cent, higher than for the corresponding period last year. Both the average price and quantity sold were higher. The total of 2,955,841 bales sold for the nine months was an increase of 277,482 bales.

The average price was 82.57 d per lb. an increase of 7.49. The average weight of bales was slightly higher at 303.61 b for greasy, against 296.31 b last year.

COMPANY NEWS CONFECTIONERY MERGER (New Zealand Press Association) T 4- e. y AUCKLAND, April 17. Life Savers (Australasia), Ltd., Sydney, and Heards, Ltd., Auckland, confectionery manufacturers, are to form a new company, Life Savers (New Zealand), Ltd., which will open a factory in Auckland for the manufacture and distribution of confections. The issued capital of the new company will be £50,000 in £1 shares. A total of 30,000 shares will be held equally and jointly by Life-savers (AusLtd., and Heards, Ltd., and 23,000 will be issued to Life-savers (Australasia) in consideration of trademarks, goodwill, and processes. The issued capital of Life-savers (Australasia), Ltd., is £146,795 in 21,795 10 per Ce^\£ u £?£ latlve Preference shares of £1 and 125,000 ordinary £1 shares. The company operates factories in Sydney and ca Pft al of Heardsf Ltd., is £150,000. The chairman of the Australian company, Mr W. V. Armstrong, a Auckland artered accountant * is visiting Street Construction Co.—The net profit of D.l. Street Construction Company, was incre ased by £3320 to £9523 in. the year to February 28, its second year as a public company. The nrnfi C t tol ih Say in spite of the increased profit, they «deem it desirable to retain the tax-paid profits to finance the increased business offering. They are not arv° dkn e rt nd Payment of an ordinary dividend this year. McKendrlck Bros. (Auckland).—An interim preference dividend of 2J per cent. 0? A 5 ) 0 * Paid April 2 °-~® x April 20. New Zealand InMortgage and Deposit Society is pajing a final dividend of 3 per cent (PA e f Cent ’ f ° r the year) —® x April 24. N-Z- Loan and Mercantile Agencv.— CO P I R? ny is P a y in g an interim, dividend of 2J per cent, on its 5 per cent Preference stock for the year ended June 30. The dividend is les? grit! h „.fc cor ? e ot 9s ‘n <l>e £1 La payable June 16—ex May I.—(p.A ) Dalgety and Co.—The company anBriH«h S in n toterlm divided of 2.40 d (less * nc °me tax of 9s in the £1) nav--21-e * div.. May A? hn5 I a Clt < y ’ Lo|<an ’ Caldwell. Ltd?—The of s d ner flnal dividend rtaneS ™ #kln S « Per eent. (unroanged) for the year to February 10 eX v idend op April 25/-

Per lb. Prime Lambs— d. 201b to 361b .. .. 21J 371b to 421b .. .. 21A 431b to 501b .. ..20J 511b to 561b ..192 Seconds, all weights .. 20J