Commercial.

Hawke's Bay Tribune, Volume XIV, Issue 280, 6 November 1924, Page 8

Commercial.

COLONIAL SUGAR COMPANY. HALF-YEARLY MEETING. Sydney, Nov. 5. The Colonial Sugar Co. showed a profit of £324,978 for the half-year, ns : against £673,639 for the preceding 12: months. Of the profits for the halfyear £188,006 came from Australian mills and refineries. Earnings -from in vestments subject to Federal income tux contributed £75,209 and earnings in New Zealand and Fiji and invesiincuts not subject to Federal income tax amounted to £61,762. A dividend *jt the rate of 10 per cent per annum absorbs £243,750. Tbo reserve fund is augmented by 10,000 and £284,708 is carried forward, as against £303,4M0 brought into the accounts. Speaking at the half-yearling meeting of the Colonial Sugar Company, Mr Knox (chairman) said the production of sugar in the Commonwealth would , bo greatly in excess of tho Australian requirements. It is expected 90,000 tons will bo exported. The Government has again fixed £2'7 as the price for new sugar of the 1924 crop and tho sugar board has kept back 20s per ton to provide for loss by export. In Now Zealand the Government had decided to continue at a reduced rate tho import duty on white sugar from abroad. Taking into account the present high cost of work, tho company was about on the same level as 1923, and business cculd bo continued in the Dominion . The company was asked to face a loss of a farthing a pound on sugar by the withdrawal of the duty when the earn iugs from its refineries had for 10 years been less than half a farthing per pound. LONDON PRODUCE MARKETS. Th© Bank of New Zealand has re- ; ceived the following advice from Lon- ■ don under date 31st October: — Butter: Very quiet with second grade very neglected, 222 s to 244 s per cwt. I Cheese: Slow, 96s per cwt. Frozen Meat: The market for wethers is quiet but firm. The market for ewes has improved and the demand is expected to continue. Quotations for lamb are nominal as the market is short of supplies. The beef market is quiet but firm. Wethers, light, 8d to 9J- per lb.; heavy, 7ld to B£d; ewes 6d to 7d; lambs, under 42’s, ll|d to 12Jd; seconds, to 12jd; new season’s Australian, Hid to 12|d; ox hinds 4|d to sdj fores 3|d to 3|d. WELLINGTON FRUIT AND PRODUCE MARKETS. (Special to “Tribune.”) Wellington, Nov. 5. The Wellington fruitbrokers, comprising th© firms of Laery and Co., .Ltd.. Geo. Thomas and Co.. Ltd., Thompson Bros., Ltd., Townsend and Paul, D. Bowie and Co-, and A. G. I Wallace and Co., report on the fruit and produce market as follows: — For good quality apples excellent prices ore being secured. The market is buoyant. .A keen inquiry exists for j pears. Prices: — 1 Apples: Choice Delicious 15s to 16s ; Sturmers 15s to 17s; Doughertys (H. 8. 15s to 16s; Nelson 14s to 14s 6d; cooking varieties 13s to 14 per bushel. w , Pears: P. Barry 14s to 16s; W. Coles and Nelis 16s to 17s Gd; lllconnue 14s to 15s per bushel. Lemons: Local, 15s to 16s. Kumeras: 8s to 9s. Strawberries: Motueka Is 6d to Is 7d; Auckland Is 6d to 2,s 3d. French beans: Is Id. Hot house tomatoes: 22s 6d. Hot house cucumbers : 8s to 10s a doz. Gooseberries: 6d to 7d a lb. 'Green peas: Choice Nelson 2s 6d to 2s 8d; interior Is 6d to Is 9d; Manawatu 3s 6d to 4s 3d. Porkers: B.id a lb. New potatoes: 2d to 2Jd a lb. Lettuce: Is to 2s. Walnuts: 9d to 9|d. All vegetables ore now commanding attention. STORTFORD LODGE STOCK SALE. The associated auctioneers h.sld their weekly sale at Stortford Lodge yesterday. There was a very heavy yarding of cattle and the yards were taxed to their utmost capacity and also a medium yarding of sheep. The yarding of cattle consisted mostly of three and four-year bullocks, which met with a good demand, and also yearling steers, which were keenly competed, for. The following is a range of prices:—Fat heifers £5 5s to £7, fat cows £4 te £7 10s, fat bullocks £8 15s to £lO 2s 6d, forward store bullocks £7 17s 6d to £8 12s, 3-yr steers £5 5s to £7 ss, 2-yr-old steers £3 15s to £4 15s. v«arling steers £2 5s to £3 18s, 2-yr P.A. heifers £4, fat ewes 26s 6d to 38s 4d, fat wethers 45s 6d to 51 s 6d. 2-th wethers 365, 4th wethers 38s, shorn 2-th wethers 26s 6d. shorn 4-th wethers 295. shorn 2-th wethers 235, shorn ewe hoggets 27s 7d. ewes with 100 per cent Romney rams 40s. The various brokers’ report sales as under:-* The H.B. Farmers’ Co-op. Association. Ltd-, sold as follows in conjunction' with Williams and Kettle.—2s S.H. bullocks £6 15s, 35 S.H. bullocks £6 12 s 6d 12 do £7 ss, 6 Hereford bullocks £5 ss, 75 do £7 17s, 67 do £6 15s. 33 P.A. bullocks £7 17s Gd. 4 bullocks £6 10s, 3 do £6 10s, 21 fwd. bullocks £8 12s, 9 bullocks £5 2s 6d. H.B. Farmers’ Co-op. Association, Ltd—l fat cow £4 15s 1 do £4. 1 do £4 4s 6d, 4 do £4 Ils 6d, 2 do £2 15s, 2 do £4 16s. 2 fat heifers £3 10s, 1 empty cow £1 12s, 2 empty heifers £2 19s, 1 do £4, 1 do £2 4s. 8 breeding cows £3 6s. 8 yearling heifers 23s 6d, 9 P.A. heifers £2 10s, 6 P.A. steers (yearlings) £3 12s 6d, 4 yearling steers £2 9s. 3 steers £3 Bs, cow and calf £4 15s 12 P.A. steers (yearling) £2 12s, 10 do £3 16s, 16 P.A, heifers £2 13s, 18 yearling steers £3 18s 6d, 1 cow in profit £4, 4 yearling dairy heifers 20s, 16 fat wethers 45s 6d, 50 fat ewes 38s, 339 ewe hoggets 27s 7d. 67 wether hoggets 32s 3d 1 2-th wether 21s. 23 ewe hoggets 29s Id, 105 ewes. 110 S.D. lambs 465, 81 ewes, 94 lambs 42s 6d. Dalgety and Co.. Ltd—l 6 store ewes 26s 6d, 5 do 395. 62 ewes and lambs 40s. 31 store ewes 30s 6d 1 store wether 40s. 1 heifer and calf 20s, 1 do £2 ss. Murray, Robtert s and Co., Ltd.—2 fat cows £6. 6 do £7 17s 6d. 1 do £6. 1 do £4 12s 6d, 3 fat heifers £6 3s. 2 do £6 12s 6d, 19 4-yr bullocks £7 ss. 32 2-yr steers £4 2s 6d, 27 do £3 12s 6d, 5 do £4 19s, 2 do £4 Is. 2 do £5 9s. 12 wcaner heifers £1 10s. 6 Jersey empty heifers £4 10s, 13 Jersey cross empty heifers £2 10s 9 do £2 15s, do £2 7s, 1 do £2 17s, IQ do £2 17s 6d, 4 weaner steer s £1 ss. 8 store cows £1 18s. 1 cow and calf £2 2s 6d. 1 do £2, 1 empty cow £2 15s, 1 do £1 10s, 2 empity heifers £3 3s 3 springing cows £4 1 do £3 2s 6d. 1 do £2 4s 6d. 1 do £3, 2 do £1 10s, 1 heifer £1 Is. 1 bull £2. 28 fat wethers £2 7s, 15 do £2 Ils 6d, 118 fat and forward wethers 38s, 18 m.s. hoggets 28s 3d. 42 fat and forward ewes 325. 11l 4-tooth wethers (shorn) 295. 54 ewes and lambs 33s 6d, 19 shorn ewe 8 (store) 15s 9d, 6 do 16s 6d, 27 cull shorn wethers'l7s. Williams and Kettle. Ltd.—l fat heifer £5 ss. 2 fat cows £1 2s Gd, 2 do £6 6s I do £5 15s. 1 fat .heifer £4 10s, 21 bullocks £8 12s. 33 do £7 17s 6d, 75 do £7 17s. 25 3 and 4-yr steers £6 15s. 35 do £6 12s 6d. 12 do £7 ss. 6 do £5 ss, 4 do £6 17s Gd 3 steers £6 10s, 2 do £5 2s 6d 4 67 3 and 4-yr steer 8 £6 15s. 7 do £5 2s 6d. 24 forward cows £3 9s. 4 do £3 13s, 2 steers £5 16s. 11 do £5 12s 8 do £2 8s 1 heifer £1 Bs. 4 steers £5 17s Gd. 1 do £2 17s 6d. 9 yearling steers £ 28s 1 heifer £2 8s 6d. 4 do £4, I dairy cow £5 2 steers £2. 1 bull £2 15s 96 m.s. hoggets 27s Id, 20 do 30s, 89 do 27s 2d, 8 do 22s 6d. De Pelichet, McLeod and Co.. Ltd—--7 fat £lo 2s 6d, 4 at £9 12s

6d. 1 at £8 15s, 3 fat qows £6 17s, 1 at £7 10s. 1 at £4 ss, 4 empty cows £3 15s, 7 at £3 7s 6d. 1 at £2. 42 empty ewes (shorn) 30s, 6 fat wethers (shorn) 38s, 2 wethers 265. Ijoan and Mercantile Agency Co., Ltd.—l fat cow £5 17s 6d. 10 heifers £1 3s, 2 forward cows £4 Is. 1 Jersey (second calver) £4 ss. 21 fat ewes 38s 4d. 32 do 335, 1 empty cow £3 12s 6d, 10 empty heifers 23 s 6d. 26 fat ewes 255, 25 fat wethers £2 6s Gd, 21 fat ewes 32s Id.