COMMERCIAL

Grey River Argus, 22 May 1941, Page 12

COMMERCIAL

RABBITSKIN SALE.

DUNEDIN, May 20.

A large offering of approximately 65 tons was submitted to auction at to-day’s ra’bbitskin sale. There was a keen demand, all grades and descriptions meeting a ready sale. Exporters held good orders, and secured the bulk of the offering. New Zealand furriers also gave support, and purchased lines suitable for their trade. Winter skins were eagerly sought after, especially bucks, which realised an extreme price of 130 d. per lb. As compared with last sale’s quotations, winter grades appreciated 9d. to 1/- per lb., autumn 6d. to 9d. per lb., other grades 2d. to 3d. per lb.

The official range of prices is as follows: Small, 46*d. to 47Sd. per lb.; runners, 62d. to 68d.; light racks, 74d. to 80id.; prime racks, 72d. to 80d.; summers, 62d. to 621 d.; dawny autumns, 75d. to 85d.; first early autumns, 97 Jd. to 99d.; second early autumns, 831 d. to 86d.; first late autumns llOd. to 114 d.; second late 94d. to 100 d.; first incomings, 134 d. to 136 d.; second incomings, 106 d. to 113 d.; first early winter bucks, 142 d. to 146 d.; second early winter bucks, 127 d. to 129 d.; first winter does, 121 d. to 123 d.; second early winter does, 97d. to 102 d.: spotted winter does, 85d. to 94Jd.; second winter bucks, 130 d. to 137 d.; second winter dofis, 95d. to 101 d.; first winter bucks, 146 d. to 150 d.; first winter does, 124 d. to 128 d.; outgoing winter does, 79id. to 89d.; summer broken, 6,0 d. to 61d.; autumn broken, 69d. to 70d.; first winter broken, 74d. to 761 d.; summer fawns, 60d. to 63d.; autumn fawns, 68d. to 74id.; first winter fawns, 78d. to 87d.; summer black, 61d. to 64id.; autumn black, 72d. to BHd.; first winter black, 82id. to 89d.; first hareskins, 44d. to 48d.; horsehair, 24d. to 32d.; first ferrets, 10/7 to 12/-; second ferrets, 3/11 to 8/11.

STOCK EXCHANGES.

DUNEDIN, May 21

Sales reported: Dominion Fertiliser 25s 3d Bank of New Zealand 37s 9d.

COLONIAL SUGAR CO.

The Colonial Sugar Refining Company earned net profit of 11,054,331 in the year ended March 31, 1941, after charging all costs, compared with £1.103,744 in the previous year. Final dividend recommendation is 17s a share, which, with the interim distribution of 17s paid at the halfyear, makes 345, or 8i per cent, for the full year, an unchanged dividend. The directors recommend placing £50,000 to reserves, and carrying forward £482,219.