COMMERCIAL

Gisborne Herald, Volume LXVIII, Issue 20623, 26 November 1941, Page 10

COMMERCIAL

KEEN CATTLE MARKET PRICES IN WAIKATO j Gisborne and Tokomaru Bay cattle were included in an entry of 1400 at the Morrinsville store cattle fair held by the Farmers’ Co-operative Auctioneering Company, Limited, on Monday, and consignments of empty cows and 2 and 3-year heifers from these districts were keenly competed for at ruling rates. An excellent inquiry existed for all female cattle,- and, generally speaking, the yarding was of excellent quality, and every pen was disposed of. r Quotations were:—Grown 4-year bullocks, . forward, £lO vSs to £lO 17s; 4-year Hereford bullocks, £lO 6s to £lO 15s; store 4-year f Polled Angus bullocks, £9 16s to £lO ss; , 3-year Polled Angus steers, £8 5s to £9 15s; ; 3-year Hereford steers, £S 4s to £8 17s; , 3-year Shornhorn steers, £8 19s to £9 ss; 2-year Polled Angus steers, £6 14s to £7 15s; . 2-year Shornhorn and Hereford steers, £6 6s , to £6', 14s; yearling Shorthorn steers, ; £6) i Polled Angus cows in forward condition, £6 11s to £7 2s; store conditioned cows. £5 14s - to £6 ; 3-year Polled Angus heifers, £6 3s to £7 2s; 2-year P.A. heifers, £4 15s to £6 Is: Hereford cows, £3 14s to £6 15s; 3-year Hereford heifers, £6 4s to £6 16s; 2-year Hereford heifers, £5 3s to £5 17s. SHARES IN AUSTRALIA Elec. Tel. Copyright—United Press Assn.) SYDNEY, Nov. 24. The sharemarket to-day continued to draw j confidence from the British offensive in j Libya. Many industrials moved to higher levels. Sales included;- —Commercial Banking Sydney, £l6 17s; Bank New South Wales, £25 2s; N.Z. Insurance, 71s 9d; Australian Gas A, 975; Tooths, 51s 3d; Amalgamated Textiles, 11s 4d; A.C.1., 43s Id; Broken Hill Pty., 37s 6d; British Tobacco, 42s 9d: Burns-Philp, 51s 3d; G. J. Coles, 58s; Woolworths (Syd.), 15s; Morris Hedstrom (prof.), 25s 6d; Electrolytic Zinc (pref.), 52s 3d; ditto (con.), 38s 3d; North Broken Hill, 39s Id; Broken Hill South, 24s 3d. Melbourne sales included;—GoldsbroughMort, 26s lid; Carlton Brewery, 61s; G. J. Coles, 57s 9d; Herald and Times, 51s; Howard Smith, 21s 6d; United Provisions, 9s; Felt and Textiles, 365; Emperor, 9s 6d; Loloma, 22s 3d. LIQUIDATION PROPOSED Australian and New Zealand Theatres, Limited, proposes that the company be placed in voluntary liquidation. A meeting of shareholders will consider a resolution that the company cannot continue its business because of its liabilities, and that accordingly it be wound up voluntarily. The directors have announced that the theatrical business will be carried on. Formed in 1938, the company took over the theatrical side of the business of J. C. Williamson, Limited. At June 30, 1940, losses amounted to £75,220. including £15,184 for the last year, for which income was £258,562 and expenses, including depreciation, were £273,745.

CANTERBURY PRODUCE There is so little business in the grain and produce market that trade is almost at a itaudstill. Potatoes are almost unprocurable .hroughout Canterbury and seed potatoes are } reported to have been sold for table use. The price to any grower who has table potatoes left is about £2O a ton. Stocks of most other lines are almost as bare as those of potatoes. I fhe new season, which will not begin until ibout the end of January, will open to almost iare boards. Not for many years has there , oeen such a complete clean-up of stocks in ■ most lines. | a ' DEHYDRATED MUTTON An announcement that the first shipment >f one ton of dehydrated mutton would soon ie ready for dispatch from New South Wales ,o Britain was made by the Premier, Mr. McKell, in Sydney recently. Under the new lehydrntion process completed by the Meat Commissi )n, he' said, it would be possible to increase by 15 times the quantity of mutton now shipped to Britain in one iteamer. Mr. McKeil said further scientific work would have to be done before the maximum output of dehydrated mutton could be obtained. TIMARU WOOLLEN MILLS Net profit of £9189, against £13,304 last year and £4130 in 1939, is reported by the t’imaru Worsted and Woollen Company, uimited, for the year ended October 19. The profit was struck after providing £4173 for lepreciation, against £4619, and £13,964 for axes, compared with £9126. The directors recommend a dividend of 5 per cent (last year 6 per cent), requiring £4229, and to transfer £4960 to taxation reserve. This absorbs the total profit. WAITAKI FREEZING YEAR A net profit of £7965, against £8044,. is reported by the Waitaki Farmers' Freezing Company, Limited, for the year ended September 30. An unchanged dividend of G per cent will asborb £5758, and £SOOO is to be placed to reserve, leaving £lOl3 to be carried forward against £3805 brought in. NEW ZEALAND BREWERIES New Zealand Breweries, Limited, lias declared an unchanged interim dividend of 31 per cent.