GREY VALLEY COLLIERIES.

New Zealand Herald, Volume LXVI, Issue 20391, 21 October 1929, Page 7

GREY VALLEY COLLIERIES.

DIVIDEND OF 8 PER CENT.

OUTPUT OF MINE INCREASED. Tho annual report of the Grey Valley Collieries, Limited, shows that after providing for all charges, a credit balance of £5520 is loft, from which a final dividend of 6 per cent., making a total of 8 per cent, for the year, will bo distributed.

The balance transferred from the profit and loss account to tho appropriation account is £20,358 Is lOd, which, together with tho credit balance of £272 3s 7d brought forward from the previous year, makes a total of £20,630 5s sd. Hie directors have made pi'oper allowances for depreciation and taxation, < and theso charges, with tho interim dividend of 3 per cent, paid in May, amount to £12,609 15s. A general reserve account has been established by transferring the sum of £2500. After providing for all tho foregoing ' charges, thoro is a credit balance of £5520 10s sd, from which tho directors recommend the payment of a final dividend of 5 por cent., amounting to £4998 15s, and leaving a balance of £521 15s 5d to be carried forward. . » The output has increased during the yes r from 550 tons to 700 tons a day, and the market for the coal produced has been maintained. Progress has been made in the development of tho company's colliery. The plant and equipment-generally are in good order and condition, and arc being augmented and improved as warranted by tho growth of the business. The retiring directors, Messrs. J. M. A. Ilofet and H. _ Stansfield, offer themselvos for ro-elcction. THE LONDON MARKETS. FROZEN MEAT Australian and N.Z. Press Association **' (Received October 20, 5.6 p.m.) LONDON, Oct. 19. Sheep. —Canterbury, light, 6Jd; medium, 6j|d; heavy, 6d; North Island, light, 6jjd; medium, 6£d; ewes, sjjd. Australian seconds, 4jjd; ewes, 4^d. Lambs.—Canterbury, heavy, 7j|d; seconds, 7jjd; selected brands, B§d and 7Jd; Noith fsland, firsts, light, 8d; seconds, 7£d. Australian,- Victorian seconds, 7gd; other States, 7|d: thirds, 7|d Argentine seconds, 6|d; Patagonian seconds. 6j}d. , Beef.—Australian frozen crops, 4£d; Argentine chilled fores, 4|d; hinds, 6j}d; others unchanged. COTTON, RUBBER, JUTE, ETC. (Last week's prices in parentheses.) Cotton. —November delivery, 9.58 d (9.85 d)• per lb. Rubber.—Para, 9|d (9|d)'per lb; plantation and smoked, 9j}d (9 15-16 d) per lb. Jute.—October-November * shipments. £29 (£29 10s) por ton. Hemp.—None offering. Copra.—October-November shipments, South Sea, £2l 17s 6d (£22 7s 6d) per ton; plantation, Rabaul, £22 5s (£22 12s 6d). Linseed 0i1.—£45 10s (£45 15s) por ton. Turpentine.—44s (44s 9d) per cwt. WHEAT.

Australian Press Association—United Service (Received October 20, 5.5 p.m.) LONDON, Oct» 19.

Wheat.—Cargoes are dull and prices show a decline of 3d to 6d. Parcels are inactive and quotations are 3d to 6d under yesterday's levels. Futures—London: October, 49s 7d per quarter; November, 49s 7£d; December, 50s l^d; January, 51s. Liverpool: October, fls 10 3-8 d per cental; December,' 9s 3d; March, 9s May, 10s ljd. BUSINESS PROPERTY DEALS. ' DUNEDIN VALUES ADVANCE. [BY TELEGRAPH. —OWN CORRESPONDENT.] DUNEDIN, Sunday. Investors have recently taken ft keener interest in business properties in Dunedin, and several transactions are recorded, all at appreciable advances in value. One example is of a shop freehold in a main street that changed hands not very many years ago at £4OOO. It was subsequently 'bought for £BOOO, and now it becomes tho property of another owner at £II,OOO. STOCK SALES. PRICES AT MORRINSVILLE. Tho Farmers' Co-onerativo Auctioneering Company, Limited, reports:—At our Morrinsvillo stock sale on Friday we penned a heavy yarding of beef and store cattle and an average yarding of sheep and dairy cattlo. Cow beef was yarded in average numbers and sold under keen competition at lato rates. Competition for fat sheep and dairy stock was keen and lato rates .were• maintained. Quotations: —Heavy fat bullocks, £ls 5s to £l6 17s 6d; medium. £l4 10s to £ls 2s Gd: light, £l3 12s Gd to £l4: heavy fat cows, £ll 5s to £l2 7s 6d; medium. £9 12s Gd to £11: light. £7 15s to £9 ssj fat heifers, £8 10s to £ll 15s; forward cows, £6 7s 6d to £7 ss: fresh Btore cows. £5 to £G Is: etore cows, £2 10s to £4 10s: cows and calves, £5 10s to £8 15s; 2-year Jorsoy heifors, r.w.b., to £6; 2-year empty Jersey heifers, £5 5s to £5 10s; good yearling Jersey heifers, £6 to £8: othors, .£5 to £5 15s; yearling steers, £4 3s to £G 12s Gd: yearling Jersey bulls. 12gns to- 15gns: Friesian bulls, lOgus: potters, £4 15s to £8: fat wethers, woolly, 37s 9d to 395; shorn, 2Gs 3d to 29ei, fat ewes, woolly, to 335; shorn, to 245; fat hoggets, 24s 6d to 27s 9d. There was a heavy yarding of fat. store and weaner pigs, 460 being penned. Ihey sold under keen competition throughout. Heavy baconers, £4 4s to £4 7s; medium, £3 16s to £4; light. £3 10s to £3 15s; heavy porkers, £3 to £3 7s; light porkers, £2 10s to £2 lGs: good stores. £2 Gs to £2 13s: slips, 32s to 395; weaners, £1 to £1 9s. Best quality Jersey and Jersey-cross dairy cows, £ls to £l7; Jorsoy heifers,'cloeo to profit, £l2 5s to £l3 15s; Jersey-cross heifors. £8 15s to £l2 10s; best Friesian. heifors, £lO 10s to £l2 ss; others, £7 6s to *£9. VALUES AT TIRAU. Tho Farmers' Co-operative Auctioneering Company, Limited, reports having hold a stock Balo at Tirau on Thursday, when an excellent yarding of ajl classes of cattlo oame forward. There wero 400 head ol Jersey and Jersey-cross yearling heifers penned. Most of these wero of very good duality and excited keen competition from tho large attendance of buyers. Practically the whole yarding changed hands under tho hammer at advanced rates. _ Quotations:— Fat wethers, 33s 6d; ewes with lambs, 3Gfl 3d; storo owes. 17s 9d to 18s 3d; small hoggets, £1 0s 3d; light fat cows. £6 10a to £6; storo cows, £4 2s to £5; store steers, 18-months to two-year, £5 18s to £8 8s; Jersey bulls, £l2 10s to £ls 16s: othora £7 to £9; choice yearling Jersey heifers. £8 10s to £9 10s; yearling Jersey and Jer-sey-cross heifers, £6 6s to £8; small, £3 5s to £6; two-year empty Jersey heifers £5 4s to £7 10s; yearling Shorthorn and Holstein hoifers, £4 8s to £5 6s; choice Jersey and Jersey-cross cows in milk, £ll to £l2 15s; others, £9 to £10: Jersey heifers, springing. £ll to £l2; backward sorts, £7 to £9 ss; slips, 30s to £2 3s; weanors. 21a to 28s. VALUES AT OITAUPO. Dalgety and Company. Limited, Hamilton, report having held a salo at Ohaupo on Friday, when a fair yarding of beef and a good yarding of store and dairy cattle came forward and sold under good competition. Prices were slightly easier for beef and store cattle, but dairy heifers and cows sold well. Following is a range of prices:—Fat cows, £9 5s to £9 17s Gd: light fat cows, £7 5s to £9; light fat heifers. £6 5s to £7 10s; storo cows,. £4 los to £6 ss; 2-ycar empty Jersey heifers, £5 10s to £5 16s • yearling Jersey heifers, £4 10s to £5 12s 6d; yearling Shorthorn and Holstein heifers, £3 15s to £4 10s to £6 7s 6d for very good sorts; yearling Shorthorn steers, small, £4 10s to £1 18s: Jersoy bulls, £7 to £9; dairy cows. £8 to £l3; Jersoy hoifers. £8 10s io £ll 6a.