COMMERCIAL

Hawke's Bay Tribune, Volume XVIII, Issue 180, 14 July 1928, Page 7

COMMERCIAL

BANK OF ENGLAND RETURN. London, July 12. The following are the Bank of Eng Ipnd returns for the. week ended on Wednesday:— Issue Department. £ A « circulation 136,301,00 b N .6 in reserve 54,997,00 b Government debt 11,015,00 t Other securities 8,735,000 Gold and bullion 171,608,000 Banking Department. Proprietors’ capital 14,553,001 Rest 3,493,000 Public deposits 10,210,000 Other .deposits 104,703,0i’C Seven day and other bills 3,001 .((‘verument securities .. 30,629,001 1 her securities 50,506,001 « ..es in leserve 54,997,000 ...id and silver coin .... 2,748,001 Proportion of Yeserye to liabilities 47.70 per cent. Short loans are quoted at 3i pel cent., three months’ bills at 4 31-32 per cent. WOOL SALES. The Department of Agriculture has received the following cablegram, dated 11th inst., from the High Commissioner for New Zealand, London. ■‘Wool sales opened yesterday, with full attendance from all centres, and active competition. Selection only moderate. Merino represented lightly and crossbred principally sliped. Compared with last series Australian Merino unchanged, and New Zealand par to 5 per cent, lower. Fine crossbred par to 5 per cent, lower; medium and coarse crossbred unchanged; slipe par to 5 per cent, lower. Total offerings 99,800, of which New Zealand 44,000 and Australian 38,250.” FEILDING STOCK SALE. [Per Press Association.) Feilding, July 13. Smaller yarding of both sheep and cattle were offered at the Feilding sale to-day. The sales for most imes were somewhat easier. Fat sheep and lambs, however, taking condition into account, sold slightly better than last week. Breeding ewes, of which some good lines were offered, were easier, several pens being passed in. Fat. woolly w f. lambs 27/10 to 33/1, fat shorn b.f. lambs 27/- to 31/6, fat short w.f. lambs 27/9 to 33/6, fat wethers 36/- to 39/6, fat ewes 27/4 to 32/6, fat b.f. two-tooths 38/- to 40/-, empty ewes 22/7, ewe lambs 33/1, b.f. lambs 22/9, five-year ewes r.w. S.D. rams 30/- to 30/1 4 and 6-tooth and 4-yr ewes r.w. S DD. ranis 32/6. Fat cows and store cows sold at late rates. Heifers in calf and Jersey weaner heifers were considerably easier. Springing heifers £5 10/- to £lO 10/-. heifers in milk £5 51- to £7 5/-, dairy cow s in calf £5 5/- to £ll 15/-. fat cows £4 to £7 15/-, fat heifers £7. fat steers £8 12/6 to £ll 7/6, store bullocks £9 2/6, weaner Jersey heifers £3 8/- to £3 19/6, store cows £2 16/- to £4 12/6.

BURBIDGE AND CO.’S REPORT

W. Burbidge and Co., Wellington, report this week as follows:— Apples.—Delicious 4/- to 6/-; Jonathans 4/6 to 7/-; Stunners 4/- to 5/6: Doughertys 4/- to 5/-; cookers, Ballarats and Washingtons 5/- to 5/6, others 4/- to 5/-. Pears.—Coles and N”lis 10/- to 15/-, other dessert 9 - to 12/-, cooking 8/to 11/-, all bushel cases. Eggs.—First grade 2/4. seconds 2/2 dozen. Vegetables.—Kumoras 10./i. sugar bag; pumpkins, red 4/- to 5/-, grey 5/6 to 7/- sack; onions 12/- to 14/cwt; walnuts 9d lb; potatoes, whites £8 10/-, Red Dakotas £9 51- ton. TAKAPAU STOCK SALE. There was a good yarding of sheep and cattle offered to a good attendance of the public at Takapau yesterday. Prices ranged :—4, 6, and 8-th ewes (in lamb S.D. rams) 38/2, 5-vr ewes (do) 25/- to 29/-. 2-th ewes (do) 33/10, store 14/-. 4-th wethers 35/-, fat wethers 37/0, wether hoggets 24/1 to 25/- fat hoggets 29/7 to 31/-, fat cows £7 to £,B 15/-, dairy cows £2 10/- to £5, dairy heifers £6 to £ll 10/-, 2-yr empty heifers £2 15/to £4. The various brokers sold as under:— H.B. Farmers’ Co-op. Assn., Ltd—--38 wether hoggets 27 5. 17 I'at wethers ;//(>. 41 wether hoggets 21/’. I'o 5 yr ewes (in lamb S.D. raras; 2“. ti,

30 m.a. ewes (do) 33/-, 14 store ewes 14/-, 2 hoggets 15/3, 210 4,6, and

8-th ewes (in lamb S.D. rams) 38/2, 97 5-yr ewes 29/-, 115 2-th ewe 8 33/10, 72 5-yr ewes (in lamb S.D. rams) 27/- 1 fat cow £7, 2 Jersey heifers £3 17/6. Williams and Kettle, Ltd.—32 fat ewes 34/-, 33 fat wethers 36/7, 52 do 29/7, 84 wethers 35/-, 60 4 and 6-th ewes (Southdown rams) 28/-, 15 wether lajjjbs 22/6, 4 do 12/-, 1 fat heifer £7 10/-, 4 fat ewes £B, 1 dairv cow £4, 1 do £6 10/-. 1 do £7, 1 do £6. 3 yearling heifers £4, 1 heifer £7 15/-, 2 do £9 51- 1 cow £6 10/-, 1 do £6, 1 cow' in calf £4 5/-, 1 yearling Jersey heifer £4 5/-. Dalgety and Co., Ltd.—6B 2-th wethers 30/6. N.Z Loan and Mercantile Agency Co., Ltd.—64 2-th wethers 32/1, 28 f. and f. hoggets 28/2, 1 store cow £2, 2 empty heifers £4, 1 for. cow £4, 1 second calver £4, 1 dairy cow £3, 1 at £4 5/-, 1 empty cow £4 7/6, 1 dairy cow (second calver) £8 2/6, 1 at £7, T fat cow £6 5/-. 1 springing heifer £6, 2 Jersey cross weaners £2, 2 weaner heifers £3 10/-, 1 dairy cow £8 10/-, 2 springing hdifers £B, 2 at £6 10/-. Afccount of F. A. Thompson: 1 cow in profit £ll, 1 at £ll 10/-, 1 springing cow £9 10/-, 1 at £7 10/-, 1 springing heifer £lO 15/-, 1 at £7 10/-, 1 springing cow £B, 1 at £8 15/-. Account J. R. Thomsen: 1 second calver £9 5/-, 1 at £8 10/-, I third calver £9 15/-. 1 second calver £7 5/-- Account L. L. Snee: 1 tbiro calver £lO 10/- 1 fourth calver £9 10/-, 1 at £7 15/-. 1 third caivei £8 10/-, 1 fourth calver £8 10/- 1 spring ing heifer £7 5/-. 1 fifth caivei £6, 1 third calver £7 5/-, 1 at £6, 1 at' £7. 1 at £8 10/-. 1 third calver £6 Li/6, 1 fifth calver £7, 1 at £7 10/-, 2 at £6, 1 at £B. 1 second calver £7 2/6, 1 at £8 2'6 I fifth calver £7 15/-, 7 aged cows £6 15/-. NEW ZEALAND BREWERIES. LTD "Wellington, July 13. The fifth annual meeting of New Zealand Breweries Lira.ted was held to-day, the chairman if directors, Mr A. S. Bankhart, of Auckland, presiding. The report and balance-sheet were adopted. The chairman stated chat after paying interest on debenture issue and making full allowance foi deprecenia tion on buildings plant and machinery, and providing for all charges for the administration of the company, a gross profit of £597 547 19s 2d was made. Of this no less a sum than £476,216 5s lid was paid to the New Zealand Government aS beer duty, leaving a not profit to rhe company of £121,331 13s 3d. The ehairman pointed nut that the increase in the net profit was due to retm-ns for Interest, as the result of transfers marie annually to rhe reserve fund. To the net profit mentioned had to be added £lB - 839 5s 5d carried forward from the previous year making £140,170 ISs 8d available for nppror.riation From this amount an interim dividend of 5 per cent which required £25.000 was paid in September last, so that thrre remains a balance of £ll5 170 18« 3d to he dealt with. The sum of £75 000 was allocated to the reserve bringing it. up to £250 “00, and thereby to that extent providing for the goodwill item of £500,000 which is still retained as an asset in the company’s balance sheet. It was proposed to pay a further dividend of 5 per cent making 10 ner cent fo r the rear aborbing £25.000, and to carry forward £15.170 18s 8d to (be now account. Tim office furniture had been written down to a nominal £2OO. Book debts were lower rofloetimr the decreased trade of last vear. Investments had increased fo £425 645. 10s 7d. The cash in hand held with bankers wns larger than last year.