SMITHFIELD MARKET

Press, Volume CIV, Issue 30668, 6 February 1965, Page 17

SMITHFIELD MARKET

Dull Trading This Week

(N.Z. Press Association)

WELLINGTON, Feb. 5. There was dull trading on London’s Smithfield Meat Market this week, according to the Meat Board market information service.

There was the usual seasonal decline in prices for New Zealand lamb. The main grade (29-361 b was quoted about Id per lb below last week’s level.

There was a steady inquiry for New Zealand mutton. The main grade of hogget (49-561 b was at 17d per lb, and ewes at 15s to 15}d per lb. There was a slow inquiry for frozen beef. New Zealand g.a.q. ox hinds were at 27}d to 28d per lb and fores at 20d to 20}d per lb. New Zealand g.a.q. cow hinds were 26d per lb and fores 20d per lb. Price Range Quotations for New Zealand lamb were:

McLeod Bros. Bonus (N.Z. Press Association) WELLINGTON, Feb. 5. Directors of McLeod Brothers, Dunedin, soap and cosmetic manufacturers, recommand a one-for-four bonus issue from pre-1957 profits on shares held on March 1. Directors also recommend that the £1 shares be split to 10s units and the increase of nominal capital to £500,000. Shareholders have been recommanded not tn sell their shares until full details have been circulated.

C.P.D. Deb.ntur.i.—Payment of Interest on Cable Price Downer’s 1964 debenture issue will be made on March 31 to all debenture holders on the books at 5 p.m. on March 30; ex interest March 31.—(P.A.)

( ■ * OUTSTANDING OPPORTUNITY COMMERCIAL VENTURE IN SUGAR PRICE SMITHFIELD CITY COMMERC ialorretml' 01 1 AUSTRALIA DOWN MARKET F WE RUES Kev (J •verseas Stocks Merchant Bank Partnership Three-Year Dull Trading This Week (N.Z. Press Association) WELLINGTON, Feb. 5. 199-201 CAS also LIVERM NEL STREET XJLSTREET Firm As Week Closes Low Level (Special Crxpdt. N.Z.P.A.) LONDON, February 5. To be offered for sale by PUBLIC AUCTION in our Key stocks led a continued firmer trend by overseas issues (N.Z. Press Assn.— Copyright) The London price for raw sugar dropped back to a threeThere was dull trading on London’s Smithfield Meat MarLand Auction Rooms. 131 Worcester St., Christchurch. Thursday, Feb. 25th at 115 pjn. On account of Messrs Ashby Bergh & Co. Ltd?(who are moving to their new large premises in Madras at the close of the week’s trading yesterday. New Zealand leaders also gave strength to the market. Dominion Breweries advanced further in sales 4d up at a new record level of 20s Id, Claude Neon, in first sales since news of the two-for> five bonus, rose 3s tq 84s, while Seabrook Fowlds added Is 3d. to 30s 3d. SYDNEY, February 5. Cigarette manufacturer, Rothmans of Pall Mall (Australia), will join with two of Australia’s largest public companies, Australian Consolidated Industries, and Conzinc Riotinto of Australia, in year low-point of £22 a ton during the week ended February 4. reports the United Sugar Terminal Association. The latest price compares with £23 5s a ton the week before. A year previously the Lonket this week, according to the Meat Board market information service. There was the usual seasonal decline in prices for New Zealand lamb. The main grade (29-361b) was quoted about Id per lb below last week’s level. Street). Mount Isa again reacted to hopes of an early settlement of the a new merchant banking venture, it was officially announdon price was £80 a ton. Comparable prices in 1963 There was a steady inquiry HEREFORD STREET dispute with a 6d nse to 34s 6d. ced in Sydney today. The merchant banking operations will be conducted through Merchant Bills Corporation, Ltd., a newly incorporated company. and 1962 were £50 and £19 10s respectively. main grade <rf hogget (49-561b) PRICE C RISES RANGES FALLS was at 17d per lb, and ewes RIGHTS R V 0.W. Overseas In spite of the current low price, however, it is still felt that there is a possibility of a recovery. at 15s to 15}d per lb. There was a slow inquiry for frozen beef. New Zealand g.a.q. ox hinds were at 27}d to 28d per lb and fores at 20d to 20}d per lb. New Zealand g.a.q. cow E /O/-5 New Zealand Price Var’n s d s d New Zealand Price Var’n N Steam (A) 6 0 0 3 TV f It will comprise a partner- $ CT. 432/279 M o» o » a«i 0! LOT Exchanges ship of Australian and overseas interests. Good Half-year For O’Brien Trading by M. O’Brien and § /0/«5 q C.T. 477/284- ® 1 Dom Brew (A) 20 1 0 4 NZ Brew (W) 15 4 0 1 Gear (W) .. 25 6 0 6 NZ Refrig (C) 26 9 0 3 Wgtn Gas (W) 24 0 0 6 Cantwell (C) 14 2 0 1 Grace Bros (A) 7 8 0 2 J Smith (W) 10 10 0 2 MKM rts (A) 15 0 1 M and C (A) 6 5 0 1 SYDNEY The market continued the moderate recovery trend • on Thursday when it closed a shade firmer on light trading on SydSponsoring Companies The sponsoring companies hinds were 26d per lb and fores 20d per lb. u s » C.T. 432/280 Q O-O-8-I • z 9 'O C-O-/4-7 are Gibbs, Bright and Company, Proprietary, Ltd., Australia, with Kleinwort, Benson, Ltd., and Antony Gibbs and Price Range Quotations for New Zealand lamb were: 101'5 IC / Nat Ins (D) 28 9 0 6 A and T Burt MCP (C) 6 3 0 1 Motor Spec (A) 15 3 0 2 ney Stock Exchange yesterday. The silver-lead group gained ground whilst a number of leadSons, Ltd., of London. manufacturers, for the halfPrice Var’n 50-5 50-5 61-5 Both these companies are year has been good and proper lb per lb (W) .. 43 9 0 3 NZFP (A) .. 25 7 0 1 Ing industrial stocks were also members of London accepting Prime— Burnett (C) .. 5 4 0 1 P and Imp (A) 14 3 0 3 stronger. house committee. Under 281b 29-30 —1 CPD (W) .. 30 0 0 6 Pye (A) .. 22 6 0 6 Sales.—B.H. South, 22s 9d: The new company has been orders, directors report. 37-421b :: 27-28 —1 Cl Neon (W) 84 0 3 0 Tasman (A) 49 9 0 3 3d; C.R.A., 43s; Loloma, 24s 6d; formed to engage in merchant Unchanged interim ordinary 43-501b 24-24* Z? CMI nts (A) 15 6 0 6 Consol Plas (A) 44 0 0 2 UE Box ’68 nts <W) 10 7 0 2 Kath. Inv., 15s lid; Mt. Lyell, 9s lOd; Mt. Morgan, 18s; Mt. Isa, 38s 7d; New B.H., £5 17s 6d; banking activities in Australia. of 5 per cent will be paid on February 18. Total diviF.A.Q.— » 281b •• 29*-30* —1 29-3Slb .. 29-29* *