SOME ADVANCES

Evening Star, Issue 23744, 27 November 1940, Page 9

SOME ADVANCES

VARIOUS SECTIONS AFFECTED WAR LOAN INCLUDED The war loan improved at tins morning s callover on ilio Dunedin Stock Exchange, being quoted at £BO (buy.) and £Bl (sel.). A long list of other Government loans was in demand, vxitii a tew offers torward. A sale was reported of U.S.S. Co. at £1 /=, and the bid advanced to £1 6s 6d. Ihe bid for WestporU dropped to £1 2s. there was a lessened inquiry lor woollen shares. Dunedin Brewery showed a definite advance. The bid for Big River mining shares lurther improved, with tew other alterations in this field. SALES REPORTED. —On Change Yesterday.— M'Kcnzie's Stores, £2 5s 9d. —This Morning.— Auckland Drainage Board Debentures, 4i per cent., 1948-54, £lO4 10s. Auckland Harbour Board Debentures, 41 per cent., 1956, £lO7 10s. Wanganui Harbour Board Debentures, 44 pel cent.. 1948, £lO4 10s. U.S.S. Co., £1 7s. New Zealand Breweries, £1 12s. —On ’Change.— Southland lee Cream, £1 3s 6d. SOUTHLAND STOCK , SHEEP MARKET FIRM IfIWER PRICES FOR CATTLE [Per United Press Association.] INVERCARGILL, November 26. At the Lorneville sale to-day the yarding of fat sheep consisted mainly of ewes, the majority of which were shorn, and good quality wethers were in short supply. The market was very firm from beginning to end, with prices on the average about 2s a head better than last week. Prime quality woolly wethers brought from 40s to 42s 6d, medium-weights 36s to 38s, light-weights 33s to 345, unfinished 25s to 28s, prime quality young shorn ewes 28s 6d to 30s, good quality 26s 6d to 28s, medium 23s 6d to'2ss, light-weights 20s to 325, and aged and inferior 15s to 18s. Fat lambs were in short supply. Extra prime quality lambs brought to 355, prime qualßy 30s to 31s 6d, and medium 25s to 27a. , There was a full yarding of fat cattle, with a good assortment of good quality beasts of all classes. The sale opened with prices £1 to £1 5s lower than last week. There was a slight firming tendency in the middle stages, but lower prices were again ruling towards the finish. Prime quality medium-weight bullocks brought from £l6 to £l7, .handy weights £l4 to £ls, lightweights £ll 15s to £l4, prime quality cows from £l2 to £l3, good quality £lO 10s to £ll 10s, medium £9 to £lO, unfinished £7 10s to £8 10s, prime duality medium-weight heifers £ll Ids to £l2. 10s’ handy weights £lO to £lO 15s, and light-weights £9 to £9 10s.

FRUIT WASTAGE VERY SHALL PERCENTAGE [Pei? United Press Association.] WELLINGTON, November _ 27. In a statement in reference to rejected fruit, the Hon. W. Nash said the wastage during the present year was below average, and approximately only 2 per • cent. A small number of good apples may have been rejected by the inspectors, but the evidence illustrated that care had been exercised to ensure the sale of good fruit to the public and the rejection of unsound fruit. ‘‘ It is essential to inaiutain the quality of the fruit sold to the public by excluding all doubtful fruit. At ordinary sales rejected or doubtful fruit had been disposed of to the pig farmers. With a view to eliminating all possibility of waste of •rood fruit, it had been arranged to transfer all, doubtful fruit to suitable public institutions, where it can bo cut to enable the good fruit to be reserved for .human consumption, and the balance used as pig' feed. It may be taken for granted that it is in complete opposition to the policy of the Government to allow any apples fit for human consumption to be wasted. MOSGIEL WOOLLEN WORKING FULLEST CAPACITY VERY BUSY YEAR CCMOLUOED The Mosgicl Woollen Factory Company Ltd. was one of the first companies to come under the provisions of the excess profits lax, said Mr T. C. Coull, speaking at the annual meeting of the company, held yesterday. In the absence of Mr J. S. Hislop, Mr J. S. Sinclair presided. The introduction of the Act, continued Mr Coull, had coincided with the date of the annual balance, but the position would probably be righted when the time came for that legislation to be repealed. The company, however, was in a very good position, and for this it was largely indebted to the foundation and early directors, who had established sound reserves. The mill had been working to the fullest capacity that the hours allowed. Customers whom it was unable to completely satisfy had been allocatqd its products as fairly as possible. The entire co-operation of the management and staff had been forthcoming during a very difficult period. He wished those who bad gone to join the forces fighting for their country a speedy and safe return. ' GENERAL. Messrs Carr, Burgess, and Stewart were reappointed auditors. In view of the additional amount of work involved, the re- ■ muneration was raised from £75 to lOOgs. The retiring directors. Mr J. S. Hislop and Mr J. S. Sinclair were re-elected unopposed. On behalf of the shareholders, Mr P. O. Smellic congratulated the directors, management and staff on the results of the rear’s trading. He referred to the reputation for stability Built up by the company over manv rears, and to the course which had enabled it to meet the demands for taxation money with a measure of equanimity. He moved a resolution of thanks. This was replied to by Mr Sinclair and also bv Mr W. L. Wood, general manager. At the close of a very busv year, said Mr Wood, they could count on having retained the complete confidence and goodwill of all their customers.