GENERAL ADVANCE

Evening Post, Volume CXXII, Issue 99, 23 October 1936, Page 12

GENERAL ADVANCE

BRADFORD TOPS MARKET

(By Telegraph—Press . Assn.—Copyright.) (Received October 23, 11 a.m.) i LONDON, October 22. . There is a general advance in the quotations for Bradford tops, due to the strength of the raw material and substantial new buying. Yarns are dearer all round. Latest quotations are as follows:— Merinos. Sep. Oct. Oct. Oct. Oct. 24. 1. 8. 15. 22. • ■ d. d. d. d. d. Seventies .... 334 334 33 33 34 Sixty-fours ..32 32 32 32 32J Sixties 31 31 31 31 314 Crossbreds, Fifty-eights.. 25J 254 20' 26 264 Fifty-sixes .. 204 204 214 214 22 Fifties 16 16 16 16 164 Forty-sixes .. 14 14 14J 143 15 Forty-fours.. 13| 134 13J 13J 14A Wright, Stephenson, and Co., Ltd., and Abraham and Williams, Ltd., report having received cabled advice from their Bradford agents regarding the tops market reading as follows:— Merino tops are -Jd up. and.crossbred tops are Jd to id up. There is a fair amount of business passing. Yarns are dearer and the output is increasing. LONDON MEAT PRICES Cathie, Dempster, and Co. have received by cable this morning from Sheed, Thomson, and Co., London, the following report of the frozen meat market:—Lambs, 2's, 7id to 74d per lb; B's, 7d to 7£d; 4's,- 64d to 6 5-8 d; seconds, 63d to 74d; wethers, l's, 7's, 4Jd to sd; wethers, 3's, 9's, s's, 3 7-8 dto 4 3-8 d; ewes, l's, 7's, 4 l-8d to 4 3-8 d; 3's, 9's, s's, 3 5-8 dto 4d; ok beef, hinds, 3 5-8 d to 3-Jd; fores, 2 5-8 dto 2Jd; cow beef, hinds, 3 l-8d to 3Jd; fores, 2 l-8d to 2£d; porkers, 6 l-8d to 6£d; baconers, 61d to 7d. ' j Lambs—Market firm, especially for light weights. Wethers and Ewes—Market steady, demand slow. Beef—Market! slow. Porkers—Market slow. Baconers —Market firm. Tallow—Market quiet. Fine mutton, 295; sweet beef, 28s 6d; good mixed, 23s 6d. AUSTRALIAN WOOL CARRY-OVER. The following statement, compiled by the National Council of Wool Selling Brokers of Australia, covers the receipts of the 1936-3.7 clip into store, the total disposals to the end of September, and the balance in store in each centre then awaiting sale:—Receipts, 1,006,294 bales; disposals. 266,382; balance in store, 739,912. DRAPERY PROSPECTS BRIGHTER. In their report for the year ended July 31, 1936, directors of the wellknown firm, of Buckley and Nunn, Ltd.,' drapers, Melbourne, state that as compared with the £30.408 deficit shown at July 31, 1935, consequent on the trading loss of £19,908, and preference share dividend payments of £10,500, the profit of £20,007 for the year now under review shows a healthy change. After payment of the £10,500 required for the year's preference share dividends, and other charges appearing under the profit and loss account, a balance of £6512 is carried forward. Whilst conditions of trade have been difficult, the energies of the management, it is stated, are constantly directed to that increase which alone can yield the return the ordinary shareholders are warranted in looking for. At June 30, 1934, there was a bank overdraft of £20,757, but at July 31, 1935, the company had £33,603 bank credit balance in Melbourne, and at July 31, .1936, his credit balance was £26,409. . . ' . AUSTRALIAN GLASS DIVIDEND. The Australian Glass Manufacturers' Co., Ltd., has advised the New Zealand Stock Exchange Association that the directors have declared a dividend of 44 per cent, on preference shares and an interim dividend of 6 per cent, on ordinary shares, for the half-year ended September 30 last, payable on November' 16. The interim dividend a year ago was 5 per cent., the total distribution for the year ended March 31, 1936, .being 15 per cent. AUSTRALIAN PRODUCE. (By Telegraph—Press Assn.—Copyright.) ■ ■ • , SYDNEY, October 22. New wheat is-firm at 5s 2d a bushel, with old bagged grain unchanged in the country at 4s 6d, which is equivalent to 'about 5s ljd a bushel, ex trucks, yFlour, £12 15s a ton; bran and pollard £7 ss; potatoes, Tasmanian, to £12' a ton; local, new, £13; ■■ onions, Victorian brown, £21 a ton; maize, yel-j low, 4s 6d a bushel. MASTERTON CATTLE FAD*. Wright, Stephenson,. and Co., Ltd., report as follows on their supplementary cattle fair, held at the Columba yards, Masterton, this week:—• An entry in excess of advertised numbers was submitted to a good attendance. Buyers from .outside districts were not operating so freely as at the previous fair held earlier in the month, but nevertheless a lair portion of the entry went -to the West -Coast. At the commencement of the sale bidding was restricted, and,it looked as v; there would be many passings, but bidding became brisker as the sale progressed, with! the result that practically the whole yarding' changed hands. Prices were easier all round ■ than at the last cattle fair, but all the same must be considered favourable from the sellers' point of view. Most of our entry came forward in good order. Following are the realisations:— Yearling steers: Account R. i . it. Beetham, Brancepeth 13 Hereford, steers, £5 Is; account O. H. Beetham, Morland, 17 Hereford steers. £4 lls, account John Andrew, lea, 9, P.A. steers, £5 lls; account Peter Andrew Langdale, 22 Herefords, .£5 17s, account J. H. Cameron, Tinui. 60 P.A. steers, £6 ss; account R. S. Pilmer, Tinui, 19 P.a! steers, £5 16s; account T Wyeth. Mount Bruce, 9 P.A. steers, £5 2s. Yearling heifers: Account R. F rT Beetham, 28 Herefords £3 16s; account O. H. Beetham, 15 Herefords £3 15s; account Peter Andrew, 12 Herefords, £4 2s. Two-year and three, year heifers: Account Mrs. E. A. RusselL Rawhiti, 25 3-year P. A. heifers £7 13s? 15 3-year P.A. heifers £7 12s_6d; account R. S. Cameron, 10 2-year P.A. heifers, £6 lQs; account R. S. Pilfer, 18 2- and 3-year P.A. heifers £6 7s 6d. Three-year steers: Account R. N. Moon, Carrington, 30 P.A steers £8 10s Empty cows: Account Lady a ergusson 4PI P.A. cows £5 16s; account R. S. Pilmer, 9 P.A. cows, £5 12». Four-year bullocks: .Account J. H Cameron, bullocks,, £9 to £10. Fat cows:-£5 15s, £6 10s, £6 .12s 6d £7, to £7 Us. Fat heifers: £6 lSs^to £7 14s Fat bullocks:. £9 10s to £11 4s. PIGS AND POULTRY. The Dominion Auctioneering Company, Palmerston North, reports an appreciable rise in the selling price of all classes of pigs at their weekly pig fair held on Thursday. There was a large yarding and a good attendance of buyers. Realisations were,as follows:—Small weaners, Us to, 15s; best weaners, up to 18s; slips, 18s to 225, stores, to 265; porkers, to 425. Prices for poultry, of which there was a capacity yarding, were practically on a par, and in some cases showing a slight rise on last week's prices. Realisations were as follows:—White hens, 5s 6d to 6s 6d per pair; black hens, 6s 6d to 8s; white roosters, 3s 6d to 5s 6d; black cockerels, 6s 6d to 8s; ducks, 5s to 6s 6d; pullets, 6s to 9s; small cockerels, from 2s to 12s , per dozen. PRICE OF EGGS. ■ The prices of eggs on the Wellington wholesale market today were quoted at Is 3d arid Is 4d a. dozen, for first grade and Js.fid.for, super.