Wool Prices Firm At Wanganui Sale

Press, Volume CII, Issue 30143, 29 May 1963, Page 20

Wool Prices Firm At Wanganui Sale

(New Zealand Pi ess Association)

WANGANUI, May 28. All grades of wool were firm compared with last week’s Napier prices at the Wanganui sale today. Better style second-shear and lambs’ wool tended in sellers’ favour. Today’s was the last sale of the season at Wanganui. A catalogue of 18,300 bales was submitted to a full bench of buyers. The offering comprised mainly second-shear with a few lines of fleece, some lambs, and the .usual oddments. Although seed and stain were showing to some extent, the over-all picture was one of fairly well picked lots with the colour and style

improved by better farm handling. Bidding was brisk and fairly well spread, according to the official report. “The New Zealand Wool Commission was not called on for any support and a total clearance was effected.’’ Range of Prices The following is the range of prices:— Early shorn, 46/

Prestige Div., Profit Up (N.Z.P.A.-Reuter— Copyright) MELBOURNE, May 28. Prestige, Ltd., hosiery and lingerie maker, has lifted ordinary dividend from 10 to 12J per cent., after a big jump in group profit fox the year to March 31. Profit for the year almost doubled from £ 166,588 to £312,787, according to a preliminary report. Earning rate on steady ordinary capital is up from 16.7 per cent, to 34 per cent.

Br. Off. Earns 20 p.c. Net profit of British Office Supplies (N.Z.), Ltd., for the year to March 31, 1963, was £34,925, • an increase of £4937 or 16.5 per cent, on tire previous year’s figure. It is equivalent to 20 per cent, on paid capital of £175.000 The result was announced by the directors in a preliminary statement. Recommended final dividend of 7 per cent, brings the year's distribution to an unchanged 10 per cent. The final dividend is payable on July 25 and shares will be ex dividend on June 27.

Anthony Hordern. —Anthony Hordern and Sons, Ltd, Sydney, has passed the ordonary dividend for the current year. After a net loss of £210.456 in the year ended February 22. 1962, the company passed the final ordinary dividend afterpaying an interim of 4 per cent A steady interim preference dividend of 33 per cent, will be paid on June 14, ex dividend on June 7.—(P.A.).

No-remittance Imports

Im,ports of transport equipment under no-remi.ttance schemes totalled £3,938.000 in the nine months ended March this year, according to a break-d’ wn of imports issued by the Department of Statistics. This represented 19 per cent, of the total of £20.740.000 of licensed imports of transport equipment

50’s— d. d. Good to super .. to 52 Good’ 49 to 50} Average to good 46J to 48} Average Second-shear, 46/ 44 to 46 50’s, long— Good to super ,. to 52 Good 481 to 50 Average to good 46 to 48 Average 44 to 45} Inferior Second-shear, 48/ 41 to 43} 50's, short— Good to super .. to 51 Good 47 to 49 Average to good 45 to 46| Second-shear bellies 43 to 44} and pieces— Good 381 to 40 Average 35 to 38 Inferior 32 to 34}