COMMERCIAL

Greymouth Evening Star, 26 April 1941, Page 11

COMMERCIAL

RABBITSKIN SALE.

[per press association.]

DUNEDIN, April 22

A large offering of approximately 47 fans was submitted at to-day’s rabbitskin sale. The majority of the catalogues comprised racks and autumns, with a few parcels of incomings and early winters. There was a steady demand, but values were inclined to be erratic. Autumns, which were selling at extreme prices at the previous sale, suffered the greatest decline.- Lates depreciated up to 16d per lb., while early Autumns were lower by 3d. to 6d. Low grades up to racks were in fair demand at values 2d to 6d lower. Early winter bucks sold up to 119 d, early winter does to 94d, first incomings to ll’sd, second incomings to 99-ld. ’The following is the official range of prices: Small, 50Ad to 54d per lb.; runners, 62J>d to 65d; light racks, 731 d to 754 d; prime racks, 70d to 74d; summer bucks, 62|d to 664 d; summer does, to 67d; dawny autumns, 72d to 79d; first early autumns, 88d to 90 id; first late autumns, 93d to 97d; first incomings, Hid to 115 d; second incomings, 95d to 99id; early wintei' bucks, 109 d to 119 d;" early winter bucks, 109 d to 119 d; early winter does, to 94d; milky, 591 d to summer broken, 6Ud to 63|d; autumn broken, 67A-d to 69d; summer fawns, 59d to 63id; autumn fawns, 66d to 68d; summer black, 62d to 64gd; autumn black, 70d to 81d; hareskins; 36d to 441 d; horsehair, 26d to 31d; first ferrets, 2/11 to 5/-; second early autumns, 84d to 86d; second late autumns, 834 d to 90d. CH.CH. WOOL PROCEEDS CHRISTCHURCH, April 23. A total of £164,051 which will bo paid to farmers as the result of the seventh and final main wool appraisal of this season will bring the total value of wool sold in Christchurch this season to £4,469,422 for 87,282 bales sold, or £14,092 more than for 1512 more bales sold last season. The bale average this season is approximately £l6/16/9 against £l6/19/2 last season. Figures for the seventh and final appraisal issued by the Christchurch Wool Brokers’ Association to-day are:—Bales sold, 10,016; total value, £164,051; average price per bale £l6/7/6.594d; average per lb. 11.751 d. It is probable that another appraisal will be held in Christchurch before the season ends at the end of July, but very little wool is in sight. Only about 1000 bales are in the brokers’ stores at present, and it is considered unlikely that more than that amount is left in the hands of farmers in the country. The following figures give a comparison between the main figures for the season just closed and for last season: Bales sold, 1940, '85,770, 1941, 87,282; total value, 1940. £1,455,330; 1941 £1,469,42-2; average a bale 1940 £l6/19/2; 1941 £l6/16/9. In the 1939 season 99,209 bales werd sold for an aggregate of £1,255,095. The chief difference in the figures is. in the average price per bale. This is probably accounted for by a slightly lighter condition of the wool carried last season, and a slightly lower average count this season.

MACKY LOGAN & CALDWELL

AUCKLAND, April 25

Further expansion in earnings is shown in the accounts of Macky Logan, and Caldwell, Ltd., for the year ended February 19, the profit for the period amounting to £21,978, against £19,226 in 1940. Taxes, however, absorb £16,861 against £10,833 a year ago.

The directors propose a dividend of 71 per cent, (interim 2|, final 5), against a payment, including bonus of 7 per cent, in the previous year. GREY RIVER. The return for the week ended April 23 for 132 hours and 96,922 cubic yards dredged was 19510 z. SNOWY RIVER. The return from the Snowy Riverdredge was 154 ounces for 175 hours from 32,000 yards. ARGO The Argo dredge return this week is 32 ounces, from 9000 yards, in 102 hours.

MAORI GOLD

Maori Gold reports a return of 390 z 6dwts for 107 hours, treating 9,300 yards.

AUSTRAL-NEW ZEALAND

CHRISTCHURCH, April 26

Austral-New Zealand dredge return for 28 days to midnight April 19, was 530 oz., from 235,000 yards, in 366 hours.