COMMERCIAL

Gisborne Times, Volume LXXIII, Issue 11957, 30 May 1933, Page 2

COMMERCIAL

BUTTER .AND CHEESE

r ''-A I- -V:vCHAMPIONSHIP AAV ARDS AT

WAIKATO

Press Association)

; ILAMILTON, May 29 . ' " Tlio judging of butter'-and cheese exhibits '.at:<'the Waikato Winter Show was completed to-day. Results were:— —Butter— Grand chanfpionStiip banner: llan-giwahia-Ruahine, , s3l, 1;, Levin, 657, 2; Golden Bay 656.6, 3. Champion of champions: United, 04.8, 1; Rangiwahia-Ruahmo 94.7, 2; Te Arolia-Thdihea Valley, 94.6, 3 Open chainpionishiip: N ; .Z. Co-op, Levin, 94.8, 1; %Z. toh, 94.7, 2; Kokaitahi, 94.6, 3; Rangitikei, 94.5, 4 Wellington and Hawke’s Bay championship: Rangiwabia-Rualiino 567.5, 1,. .Levin, 562.2, 2. .. Championship, Wellington and Hawke’s Bay: Rangiwahia-Ruahine,. 94.7, 1; Levin, 94.6, 2; Konini 94,5 -3; Rangitikei,' 94, 4.

—CheeseGrand championship: Pirinoa, 376.3, .1; Alton, 376, 2. Champion of Champions: Pahiatua 94.5, 1; Riritaki, 94.3, 2; Alton. 91, 3. . Open championship: N.Z. Co-op, Pirinoa, 95.5, 1; Pahiatua, 95, 2.

STOCK AND SHARE MARKET Press Association) AUCKLAND, May 29. ... Sales on Change: Okarito, 11s 4d; National Insurance, 16s od; Auckland Gas, con. 17s;; AVaibi, 21s 10d; 21s 10 id; Tf uddart, Parker, 29s 9d; Wilson’s .Content, 30s 4d; Bank of New. Zealand, ; 45s BdGovernment stock, 4 per cent., £IOO 7s 6d;; £IOO os, £IOO 7s 6d. AVELLINGTON, May 29. Sales on Change: 4 per'cent. Government stock, 1955, £IOO 10s. CHRISTCHURCH, May 29. . Sales on Change : New Zealand jUfoveriimciit 4. per cent. Inscribed Stock, 1949, £IOO 12s 6d; Bank of New South Wales, ciini. div., £3O 10s; Goldsbrougii, Mojftj' 24s Id (6); United Building Society, 17s 2d; New Zealand Refrigerating Co. £1 paid, 125.3 d; ditto, 10s paid, 4s 3d (4); Burns, Philp,' 50s' 6d ; ' Dunlop Rubber, 18s; Electrolytic Zinc. prof. 31s; Okarito, cum.:, .div;; 11 s Ah 4 Christchurch Gas, 275.

DUNEDIN, May 29. Sales ou Change: Okarito, 11s 3d (2). . . , ' . Reported sales: Waitahu, te, Lawson’s Flat, Is 7d. (U.P.A. by Elec. Tel. Copyright) SYDNEY, May 29. Stock Exchange sales this morning were-. Australian Gas A, £7 Is 6d; Gold’sbrough Mort, 255; Dun'lop-Pcr-driau, 28s 3d; Toohey’s 22s 69, Tooth’s, 37s lid.

GISBORNE GAS COMPANY; LTD

ANNUAL REPORT. Tho annual report to be presented, to the shareholders at- the fiftieth annual meeting, to be held at fho offices, Peel Street, Gisborne, on Wednesday, June 7, is as under: — “Your directors herewith submit' the annual report and statement of accounts for the year, ended March 31, 1933. In spite of the reduced spending power of the public and economy being practised, the Company has made very satisfactory sales of cookers, water heaters and other appliances and it is confidently felt that by the adoption of an all ga. s tariff and painstaking and conscientious service to its 'consumers by a skilled and courteous staff, the Company’s activities are being much appreciated by the public. This augurs well for tlio future us service and satisfaction are the predominating factors and the many benefits gas provides, particularly in water heating, are rapidly being welcomed and extended to an approving public. Tho surplus in Hie profit and loss account for the year amounts to £1917 6s lid after providing for depreciation of plant, buildings, and machinery. Your directors recommend that "£3OO be appropriated te income tax, £3OO to a reserve for bad debts, that the preference dividend' of 8 per cent, less 20 per cent, ho paid absorbing £635 45., and the balance of £682 2s lid be carried forward to the credit ofythe profit and loss account, .The retiring d ireo ' tors aro Messrs. H. D. Ciirisp, H J. Buslteell and Dr. R. M-Gunn/ who arc eligible and offer themselves for re-election. Two auditors - have to be elcctod.

FARMERS’ TRADING CO. NO ORDINARY DIVIDEND. Despite difficult trading conditions tbe annual accounts of the Farmers Trading Company for the y ear e ' nt *' od March 31, disclose net profits amounting to £14,201. These figures compare with £25,149 recorded the •previous year. In their report to shareholders the directors state, inter alia: “Conditions in tlio business world have not improved since last report was issued. They have Ah fact, grown steadily worse with, the fall -in values of our dairy proc-uce, the most importiuit article of export from this province. It. lias been • a period of extreme difficulty. Few business concerns have made profits, and on the contrary it lia s generally been considered fairly tatisfae•to'ry to keep going without making a loss. It is thus all -Hie more satisfactory to find that Ibis company lias again made a. profit, although a small one, and not .sufficient fop - a dividend on 'ordinary shares. This lias been made possible by tho solid support of the .shareholders and other clients who /hay 6 kept tho turnover 'at d Wei. that is really • surprising, considering the /. circumstances ; also by the unabated zeal and loyalty of the liiahagemeiit and staff jvlio have co-operated/ wholeheartedly in the difficult tasli of keeping the expenses at a level in conformity with the turnover. -/■ / '

OKARITO RETURN ' (Press Association) DUNEDIN, May fyg, Tho Okarito' gold return for the; week was 183 oz. 2dwts., for 120 hours’ working •

. LON DON MEA I’ TRADE’ BETTER TENDENCY FOR MUTTON LAMB MARKET VERY FIRM “Tho lamb market is very firm, with- hotter prices, ; especially / for htoayyiwoight. Consumption continues good. Mutton market: Wethers; moro inquiry for lightweight, hut trade gone rally slow. Ewes remain quiet and unchanged. Bedf market: Wether in sympathy with low prices of Argehtlino chilled beef. New Zealand porker pigs: Dull, with small trade. New Zealand baconer pigs: Mayket steady, at better prices.” . The above report iwas received on Saturday by the Meat Board from its London office.

FIRST’, NATIONAL SALE OF ■ • PEDIGREE JERSEYS. WORLD RECORD-HOLDER PASSED IN AT 450 GUINEAS. Press Association) NEW PLYMOUTH, May 29. Four hundred Jersey 7 breeders from most districts in New Zealand assembled for the first national sale of pedigree Jerseys, opening Jersey week. The stock submitted represented 29 studs, and was of the brightest quality, including tho former world record-holder, Woodland’-s Fclicie. About half the' offering of 74 sold at prices regarded as satisfactory. Woodland’s Felicie was passed in at 450gns. It is understood tin. the reserve was 12o0gns. Tho top price, lllgns., was realised for a cow -submitted by Mr. j. 8. Jones, of Bell Block. The con's averaged -18gus., the top price for heifers was 53gns.. and •• for .bulls;’ 39gns. frozen Meat killings. . .Thu killings fpr. export ..at a]! freezing works from October 1 last to May 15 (with the figures for. the corresponding period of tlio 1931-32 season in parentheses) were as under :

NORTH ISLAND. Beef quarters, 309,169 (80,430) ; wether c/cs„ 841.634 (1,241,617) ; ewes c/cs., 5351900, (884,089) ; lamb c/cs.. 3,591,123 (4,003,436); porkers, 210,075 (106,325) ; baconers, 51.095 (18,138) : boneless beef (freight c/cs) 240,24 S (215,580) : sundries, 97.505 (50,487). SOUTH ISLAND. Beef quarters, 281 (8) ; wethers' c/cs., 116.031 (110,816) ; ewes, 316.833 (423,927) ; Jambs, 4,021,858 (3,408,442) ; porkoTs., 1127 (520) ; bac-’ Oners, 1530 (1251); boneless beef (freight c/cs.) 40.820 (27,319); sundries, 46,562 .(43,970). ■

STOCKS ON HAND. The stocks on hand in stores in New Zealand on May 15 last (with those for 12 months ago in parentheses) were: Beef quarters, ( 155,191 (43,325) ; wethers (e/cs.j, 155,231 (530,593) ; owes. 468,498 (587,840) ; lambs, 2,384,315 (1,893,865) ; porkers, 114,627 (42,449) : baconers. 17,774 (5537) ; botieloss beef (freight c/cs), 140,576 (150,330) : sundries, 44,653 (38,370).

CANTERBURY PRODUCE. MARKETS. A CARTON OATS FIRM. CHRISTCHURCH, May 26, The hardening of the market for A grade Garten oats continues. Tho Bluff quotation is 2s 6d, Dunedin, Oamaru and Tiniaru 2s 7id and Lyttel ton 2s 10./d. Not much A grade is being offered locally and the market is very firm. The price to fanners is 2s 3d "tb 2s -Id. B Gartons are quoted at 2s 2d to 2s 3d, f.0.b., sacks included.

Chaff is not being inquired ; for much so far. Farmers in need of it for their stock arc purchasing from neighbouring farinoi's anil tbe outside demand is small. Quotations locally arc: 65s to 70s a ton, f.0.b., sacks included, or £2 to' £2 5s .on trucks. Fowl wheat is firmer and is quoted at 3s 7d f.0.b., sacks included. Partridge peas are in good demand. Quotations arc: 5s a bushel, f.0.b., sacks included.

The potato market is unchanged. Auckland still has ample supplies, and little.inquiry , is coming from there. A boat left during tlio week with a small consignment, and tbe IVaipiata is due to load next week with the balance of May deliveries. Values are: £3 15s to £3. 17s 6d, f.0.b., sacks included, for May, and £4 ti,’ £4 2s 6d for June. Values to farmers arc: £2 15s and £3 for prompt and June, respectively. Tlio seed market is brisker as tlio result of 'recent rains. ./'/