PITT, SON, AND BADGERY.
Addressing shareholders at the annual meeting of Pitt, Son, and Badgery, Ltd., woolbrokers, Sydney, the chairman (Mr. Thomas Buckland) said that the directors had deemed it prudent in the face of the present low prices for vool and the disturbed state of affairs in Europe to refrain from increasing the dividend. The financial year just closed was much more favourable from,the point of view of the pastoralist than was the previous one. January of this year saw the peak period of the season so far as wool prices were concerned, but values then current were not long maintained. Continued dry weather and a plague of grasshoppers in many parts caused great anxiety to many pastoralists, but rains checked the development of conditions that threatened a drought. Sheep values had been maintained on n, satisfactory level, but the cattle market had, for a long period, been depressed, nnd no improvement could be looked ft* in the immediate future. Developments in the matter 'of exporting chilled beef from Australia in place of frozen had been proceeding satisfactorily, and if"Xnis anticipated ,that material advantage ■would nrci'ue to- cattlemen from tin's source in due tiuifj.
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Bibliographic details
Evening Post, Volume CXVIII, Issue 55, 3 September 1934, Page 12
Word Count
195PITT, SON, AND BADGERY. Evening Post, Volume CXVIII, Issue 55, 3 September 1934, Page 12
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