STEADY FALL IN BUTTER

Dominion, Volume 29, Issue 300, 15 September 1936, Page 12

STEADY FALL IN BUTTER

. London Market Now Firm at HO/Joseph .Nathan and Co., Ltd., have received from their principals, Trengrouse and Nathan, Ltd., London, the following cabled advice, dated September 12:—New Zealand butter: There has been a steady fall to 109/- per cwt., but the market closed at 110/- per cwt., being firm but quiet at that figure. New Zealand cheese: After trading with white at 68/and coloured at 66/- per cwt., closing" quotations were: White. 68/6 per cwt., and coloured. GG/G per cwt.

Wilcox, Mofflin, Limited

Wilcox, Mofflin, Limited, Sydney. a company dealing in station produce, made a profit last year of £35.680. compared with £30.128 the previous year. Dividend is 1/- a share (9.09 per cent.), and absorbs £20.000. An amount of £15.000 is carried forward. The balance, £6BO. added to £10.512 brought forward, makes £11.192 to be carried forward.

Trading generally has shown improvement. the directors state, notwithstanding the world-wide unrest witli a continuation of restrictions in foreign markets. The volume of turnover is regarded as satisfactory.

Bulolo Gold Dredges

Production for the four dredges of the Bulolo Gold Dredging. Ltd., for August, compares with that of the previous two years ns follows:—

Gold Mining Returns

The Okarito dredge reports a return of 260 z. 2dwt. for 126 hours work. By Telegrapn —Press Association. Auckland, September 14. The Mataki dredge return for the week ended September 13 was 320 z. for 131 hours’ work and 8700 cubic yards.

Year ended June 30, 1934. £ 1935. £ 1936. £ Net profit .... 39.27(5 30.128 35.680 Div., per cent. 9.09 6.8 9.09 Div., amount .. 20.000 15.000 20,000 To reserve ... 15.000 15.000 15,000 Carried forward 10.3S4 10.512 11.192

June. July. August. Cubic yards 1,002.000 986,700 978,000 Bullion, oz. 15,682 19,812 17.740 Gold. fine oz. 11.065 13.904 12.484 Value — Australian currency* £96,818 £121.660 £1051.235 Per cub. yd. 23.10d 29.5Sd 26.Sd Working profit £65,380 £84,621 £71,748 *At A£8/15/- per fine ounce.