COMMERCIAL.

New Zealand Herald, Volume LXIII, Issue 19320, 6 May 1926, Page 7

COMMERCIAL.

COLONIAL SUGAR COMPANY. DIVIDEND OF 12£ PER CENT. RECORD AUSTRALIAN CROP. Australian and N.Z. Cable Association. (Heed. 12.25 &.m.) SYDNEY, May 5. The Colonial Sugar Refining Company's report for the half year ended March 31 shows tho net profits at £396,104, of which £195,542 was from earnings in Now Zealand and Fiji- A' dividend and bonus at the rate of 12£ per cent per annum absorbed' £304,687 and £IOO,OOO has been added tc tho reserve fund, raising it to £1,250,000. The amount brought into the account from the previous halfyear was £315,636 and the amount now to be carried forward is £307,053. The report shows that the Australian sugar crops in the past season exceeded provious records. Those at Fiji were much above the average. Prospects for this year are not so good as rains have not been sufficient. It is stated in tho report that the ro* cent fire at Adelaide damaged the works to such an extent that work cannot be resumed before October. Following is a comparison of the company's results and appropriations for the last three half-years:—- • Half-year to March. Sept.. March, 1.925. 1920. 1926. Brought forward £234.707 £315,695 £315,636 Net profits ... 435.675 404,623 396,104 £"720182 £720,323 £711,740 To reserve .. 100,000 100,000 IDO.OOO Dividend, 12} p.c. 304,087 304,687 304.C87 Carried forward £315,695 £315,630 £307,053 EFFECTS OF THE STRIKE. PRODUCE TRADES PARALYSED. Australian and N.Z. Cable Association. CRecd. 5.5 p.m.) LONDON. May 4. All produce trades are absolutely at a standstill owing to lack of transport. Eight apple steamers are due to arrive before next Saturday. The shipowners have arranged to keep the refrigerating machinery running. The strikers will permit a sufficient number of firemen and greasers to remain at work for that purpose. BIG CANADIAN DEVELOPMENT. HYDRO-ELECTRIC POWER. MONTREAL. April 23. Tremendous industrial development in the Province of Quebec is foreshadowed by the purchase of the Murmmum Company of America of power sites on the Saguenay River. The electric current will operato Canadian pulp mills, and will be transmitted as far as New York City. A syndicate of banks underwrote an issne of £7,400,000 to handle the project. PROFITS IN SOAP. LEVER BROTHERS' BIG TURNOVER. LONDON, April 23. Presiding at a mpeting of Lever Bros., Ltd., the chairman. Sir J. A. Cooper, said that the year's turnover of the parent and 200 associated companies .exceeded £81,000,000. The organisation employed 39,000 person.-, apart fruro natives of the tropical regions, and owned 8,750,000 acres of land in various parts of the world. THE METAL MARKETS. Australian and N.Z. Cable Association. (Reed. 5.5 p.m.) LONDON. May 4. (Quotations on April 28 in parentheses.) Copper.—Spot, £56 18s 9d (£57 lis 3d); three months, £57 lbs 3d (£SB 8s 9d). Lead.—Spot, £2B 3s 9d (£2B 16s 3d); three months, £2B 13s 9d (£29 ss). Spelter.—Spot, £3l 17s 6d (£32 8s 9d) ; three months, £32 5s (£32 13s 9d). Tin.—Spot, £258 17s 6d (£2BO 7s 6d); three months, £264 12s 7d (£271). Silver.—-Standard, 29 15-16 d (29Jd) per oz.; fine, 32 5-16 d (32|d). CHICAGO WHEAT MARKET. Australian and N.Z. Cable Association. (PiOcd. 5.5 p.m.) CHICAGO. May 4. Wheat.—May, new, 1 dollar 58i cents per bushel; old, 1 dollar 57 cents; July, 1 dollar 38 i cents; September, 1 dollar 34 cents. SYDNEY WOOL SALES. Australian and. N.Z. Cablo Association. (Reed. 12.5 a.m.) SYDNEY. May 5. At the Sydney wool sales to-day rmo sorts maintained strong demand and a firm position at full rates. Broader type fleece wools wore irregular and eased from 24 to 5 per cent, compared with last week's rates. AUCKLAND COMPANIES. ONE NEW REGISTRATION One new public company was registered in Auckland yesterday. Details are as follow : Whangarei Daily News Printers and Publishers, Ltd., public company. Capital, £20.000. Subscribers: R. E. Hornblow and A. J. Murdoch, 100 shares each ; G. S. B. Mi/rrison, W. R. Rope, E. A. Cunningham. St. Clair Jounncaux and N Finlayson. 50 shares each. STOCK SALES. AUCKLAND. Dalgety and Company. Limited, report as follows on tho Wostfield sale yesterday:— Beef: There was a considerably smaller yarding, and in consequence the market firmed. Very tow bullocks wero yarded. Extra choice and prime ox made 31s per 1001b; choice and prime, 27s to 30s; ordinary and plain, 10s to 213; prime young cow and heifer beef, '27s, ordinary, 22s to 255; rough, Ms to 20a. Sheep; A much smaller yarding, prices being firmer. No heavy wethers were yarded; medium prime, 29s to 30s 6d; small and unfinished, 25s to 26s Gd; best Heavy primo ewes, 25s Gd: medium, 22a 6d to 245; light and unfinished, 18s 64 to 21s. Lambs: An average yarding, prices being unchanged. Heavy prime lambs made 2Gs; medium, 225. Gd to 23s Cd; light, 20s to 21s Gd. Calves. A heavy yarding, last week's prices being fully maintained. Runners made £3 Ss to £4; heavy vealera, £3 to £3 10s; medium, £2 12s to £2 18s; light, £2 to £2 8s; small, £1 12s to £1 13s; freshdropped, 4s to 7s. Pigs; A good yarding, there being little or no change in ralues. Choppers made £3 6s to £3 12s, medium and heavy baconers, £4 os to £4 9s; light baconers and heavy porkers, £3 14s to £3 10s; medium and light porkers, £2 18s to £3 4s. The New Zealand Loan and Mercantile Aaeney Company, Limited, reports:—Wo held sales during the past week at Westfield, Papakura and Tuakau, all classes of eattlo selling at late quotations We quote.—Dairy cows, and heifers close to profit, best. £ll to £l4 10s; others £7 10s to £lO 10s; backward springers, best, £6 to £7 7s f>d; others, £4 to £5 15a; aged cows and inferior heifers, £2 to £3 17s Gd; hulls, £2 IQs to £7; empty cows, £1 10s to £3 ss: w°aner steers, £2 to £3 15s; wearer Sf'fers, 10b to £1: yearling to 18mor.ths heifers, £1 5s to £2 10b; yearling to 18 months steers, £2 17s Gd to £3 15s; two to 2i-year steers, £3 17a Gd to £4 158; 8 to 34-year steers, £5 to £6; 4 to 41-year steers, £6 5s to £6 17s 6d; beef at fully Wostfield Quotations.

At West fie Id fat stock market yesterday was penned in average numbers. Competition - was again very keen, the market showing a decidedly firmer tone, with valuta better by Is to 2s per 1001b. Extra choice ox sold to 31s per 1001b; choice and prime ox.' 28s to 30a; ordinary and plain ox, 25a to 275; prime young cow and heifer beef, 25s to 278; ordinary cow beef, 20s to 245; rough beef, 15s to 19s; no extra, heavy prime eteers we<re> • penned; heavy prime steers, £l3 to £l4 ss; lighter prime steers, £l.l 10s to £l2 iss; light prime steers, £9 to £ll sa; unfinished and small, £6 10a to £8 15s; extra heavy prime young cows and heifers, £8 10s to £9 10s; heavy prime young cows and heifers, £7 to £8 ss; lighter, £6 to £6 17s Gd; light cows. £4 15s to £5 17s Gd; bulls. £2 to £5 10s; other cows. £2 to £4 10s; 15 steers from Ngapuke Estate, Wairamarama averaged £l3 10s lOd. Sheep wero yarded in leas than average numbers, and improved in values by la to 2s per heacL Heavy prima wethers made £1 13s to £1 14s; medium prime, £1 lis to £1 12s 9d; light prime, £1 93 to £1 10s 9d; small and unfinished, £1 Is to £1 6s; extra heavy prima ewes, £1 5 3 to £1 7s; heavy prime, £1 3s to £1 4s 9d; medium prime, £1 Is to £1 2s 9d; light prime, 19s to £1 0s Bd; inferiorlyfatted, 15s to 18a 9d. Lambs were penned 111 average numbers and fold at lato quotations. Heavy prime made £1 3s 9d to £1 os Gd; medium prime, £1 2s to £1 3s 6d; light prime, £1 to £1 Is 9d; unfinished, best, 153 Gd to 18s 6d; others. 10s to 15s. Pi go penned in average numbers improved in values on late quotations. Choppers sold from £3 to' £4 2s; heavy and medium baconers, £4 4s to £4 12s; light baconers and heavy porkers, £3 10a to £4 2s; medium porlcere and. light porkers, £2 18s to £3 8s: small and unfinished, £2 4s to £2 10s, Store rigs in average nurnbeers sold at la.e quotations. Large stores made £1 10s to £1 16s; slips, £1 to £1 8s; wcaners, 53 to 12s. Calves were penned in average numbers .values showing a slight improvement on late quotations. Runners made £4 5s to £6 for a runner fatted bv Mi. N. G. Morrin, Maungarata; heavy vealers, £2 183 to £3 10s; medium, £2 53 to £2 16s; light, £1 15a to £>2 2s; smaller. £1 8s o £1 Ma; small and fresh dropped. 3s to £1: rough calves. 15s to £1 ss.

HAMILTON. Dalgety and Company, Limited report having held their usual weekly stock sale at L ; ranktoa saleyards on Tuesday. There was a fairly large entry of beef, which met with a good demand at,- lato rates. Prune light ox sold to £9 ss; extra prime young cows and heifers to £10; ordinary fat cov.-s and heifers, £6 10s to £8 10s; light cows and heifers £4 10s to £5 15s; store cattle were yarded in large numbers, and a good sale resulted. Forward conditioned and 44-year bullocks mado £7 to £7 153; low conditioned store 31-year Hereford steers, to £6 15s; 25-year-old Shorthorn steers, £0 15s; Shorthorn steer calves, £2 23; Shorthorn heifer calves. 21s 6d, in calf, dairy heifera sold under fair competition. Jersey cross well-grown good quality making £6 7s 6d and Shorthorn cross heifers, £4 to £4 17s fid. There was a good yarding of sheep. Pat 2-rooth wethers mado 2'Js to 28s id; fat ewes, 21s Gd, store 4 and 6-tooth wethers. 24s 5d to 24s '2d, low conditioned mixed aged wethers. 20s to 22a 9d; cull wethers, 17s; woolly mixed sexed lambs. 13s Id ; cull lambs. 6s 6d. cull ewes in lamb. Bs. Pigs.—A large yarding of fat pigs sold easier than the previous sale, while stores sold at late rates. Prime heavy baconers made £3 15s to £4 ss; medium, £3 ss' to £3 12a; good porkers, £2 10s to £2 16s: light porkers, £1 18s to £2 Gs, large stores, £1 9s to £1 16s; best slips, 10s to £1 58; best weaners, 9s to 12s Gd ■ others. 4s to Gs. The Now Zealand Loan and Mercantile Agency Company, Limited, reports At the Hamilton sale on Tuesday we submitted a good entry of fat and store cattle the combined yarding being much larger than usual. Prices improved for well-finished cows while others sold at last week's rates. There was a good demand for grown steers and heifers in calf, young steer? beins dull of sale. We quote:—Prime heavy young cows and heifers, £9 2s 6d to £lO 7s Bd. medium fat cows. £5 lGs to £7 is; rough fat bows. £4 5s to £5; grown store bullocks, £1 to £7 ss; 64 to 3-year-old steers. £5 14s; store cows. £1 10s to £2 10s; Jersey cross heifers iji calf, £5 to £5 13s. Friefiart cross heifers.- £5 Ps : fat wethers. £1 9s id. forward lambs. 17s There was an average of fat pigs, prices showing a decline on last week. Very, few well finished quality piss were penned. Porkers were easier. Heavy bacon pies made £3 14s to £1 Is and £4 Gs for a small pen of well finished pi 23; medium baconers, £3 5s to £3 12s; light baconers. £2 17s to £3 33; heavy porkers, £2 9s to fl !ss: light porkers. £2 to £2 ss; unfinished £1 lis to £1 IBs: store pigs. £1 3s to fl 13s; slips, Ms to £1; weaners. 7s Gd to 12s.

A DOING TON. [BT TELEGRAPH. —PRESS ASSOCIATION. ] CHRISTCHITRCH, Wednesday. Entries at the Addington market today wore generally smaller and there was a tendency to easier values in all the sheep sections. Good fat cattle sold at improved rates. Store Sheep.—A reduced entry. It comprised mostly North Island ewes with local and Marlborough wethers. All classes of lambs were easier by Is per head, wethers by Is to lg 6d, while good ewes showed little change. The rougher sorts, which largely comprised the yarding, were easier. Medium lambs made '2os to 225; small lambs. 16i 4d to 19s. cull lambs. 12s; threequarter bred ewe lambs, 25s to 27a 2d, sound mouthed three-quarter bred ewes. 25s to 28s 6d. inferior sound mouthed threequarter bred ewes. 20a 4d to 2»s 3d; sound and failing mouthed three-quarter bred ewes, 17s to 235, failing mouthed three-quarter bred ewes. Ms Gd to 16s 3d, sound mouthed Romney ewes. 25s 10d to 275, inferior sound mouthed Romney ewes, 17a to 23s 7d: low conditioned and failing mouthed Romney ewes. 14s 7d to 20s (id. south mouthed crossbred ewes. 21a to 23s fid; half-bred four and six-toothed wethers, 20s 4d to 24s fid. Fat lambs.—23oo were yarded. Extra prime heavy lambs made tc 33s 4d; prime heavy lambs, 2fls fid to 31s. medium weight prime lambs, 26s to 29s fid; nmdium quality lambs, 23s fiw! to 235; Ik' ' ln't .bs. 21s to 23a. Fat Sheep.— A ' "ivy entry of 12 races and a steady sals', i,ut generally on a lower basis for all classes. Extra prime wethers, 3f>s to 37s 4d. prime wethers, 33s to 355. medium wethers, 29s io 32s fid; light wethers. 26s fid to 2Ss fid; extra prime ewes, 28s to 31s Id; prime ewes, 24s Gd to 27s 6d; medium ewes. 20s fid to 21s; light ewes. IGs fid to 203; aged ewes, 123 fid to IGs. t Fat Cattle.—Another very heavy ontry. comprising 500 head. The bulk were cows. Best ox beef made to 433 per 1001b. . prime, 3fls 6d to 41s Gd, medium quality and good cow beef, 30b to 32s fid. inferior, 26s Gd to 20s fid ; and rough down to 255; extra heavy steers realised to £2l 12s Gd: prime heavy steers, £l6 Ills to .£lB I.os, prune medium weight steers. £ls to £l6 15s; medium quality steers, £ll 10s to £l4 103; light steers, ±'9 10s to £1) ss; rough steers. £7 IDs to £9 ss: extra prime heifers to £!3 17s Gd; prime heifers, £9 os to £ll 10s; ordinary heifers, £7 to £0; light heifers, £4 15a to £C> 15s; extra prime cows to £l4 2s fid; prime cows, £8 10s to £lO 10s r ordinary cows, £5 10s to £3 as: rough cows, £3 to £4 10s. Vealers.— Good runners made to £fi 10s; others £4 to £5 15s; best calves, 50s to 70s; others 10s to 455. Store Cattle.—A few steer linos were included and sold well. Four-year steers. £fi 12a fid to £9 -2s Gd; two-year steers to £7: cows, 20s to 50s. Dairy Cattle.—Springers. £lO to £l4 10s; others, £4 10s to £9; best heifera, £6 10s to £8 10s; others, £4 to £6 10s. Fat Pigs.—A good sale. Choppers, £3 10s to £(j 10s; baconer3, £3 17s Gd to £6 ss; average price per lb., 8d to fU.d: porkers, 473 to 72a; average per lb. 8d to 9d. Store Pigs.—A small entry "and no change in values. Woanera, 9s to 14a; best to 18s; slips,' 23s to 23a; stores, 33s to 435.