WOOL SALES PRICES.

New Zealand Herald, Volume LXVIII, Issue 20863, 4 May 1931, Page 5

WOOL SALES PRICES.

STEADY LONDON DEMAND. NEW ZEALAND OFFERINGS. LONDON, May 2. At the wool sales 9242 bales were offered, including 3443 from New Zealand, and about 4550 were sold. There was a pood selection of New Zealand gieasies and a poor offering of all other sorts. Prices were unchanged, with a steady demand from all sections for greasy combings.' New Zealand greasy Merino clip Tyntesfield made top price 11 d, average 10gd; halfbred clip, Kaiwara, lO^d; crossbred clip, Ngatui, 6Jd and 6£d. The Department of Agriculture has received the following cablegram, dated April 29, from the High Commissioner for New Zealand, London:— The wool sales opened yesterday with a large attendance and competition fairly general. The selection offered was mainly crossbred, with only a small proportion of Merino. Values reflect an easier tendency prevailing since preceding sales. Compared with closing rates last series Merino were par to 5 per cent., fine crossbred 7j per cent, to 10 per cent., medium and coarse crossbred 10 per cent, to 15 per cent, lower. There were 164,000 bales available for the scries, including 60,000-New Zealand, 73,000 Australian and 1 29,000 South American. ■ Dalgety and Company, Limited, has received the following cablegram from its London house, dated May 1 : —The wool sales continue with no material change. DONAGIIY'S ROPE COMPANY. NET PROFIT OF £6Oll. USUAL DIVIDEND RECOMMENDED. A net profit of £6Oll is shown in the annual report and balance-sheet of Donaghy's Rope and Twine Company, Limited, for the year ended March 31. To this is added the sum of £3620 brought forward from the previous year. Deducting the interim dividend of 9d per share paid in October, there remains for distribution £7868. The directors recommend payment of a final dividend of Is 3d per share (making with interim dividend above referred to, 10 per cent, for the year), absorbing £2937, placing to plant and building renewal account £1500; and leaving £3430 to carry forward. Already £2274 has been written off land, buildings and plant. Profits and appropriations over the past three years have been shown as follows - i 929. 1930. 1931. Brought forward . . £2,891 £2,714 £3,G20 Net profit . . .. 9.019 9.10(5 C.Oll £11,913 £11.920 £9/;31 Dividend d.c. . . 10 10 10Amount . . . 4.700 4,700 4,t>99 THE LONDON MARKETS. FROZEN MEAT. (Received May 3, 5.5 p.m.) LONDON. May 2. The weekly quotations for the undermentioned classes of frozen meat are based on actual sales of wholesale quantities of carcases of mutton or lamb or of quarters of beef delivered to Smithfield market and/or ex London stores. They are compiled by the Quotations Committee, Smithfield. To arrive at the equivalent ex ship values one farthing per pound should be deducted from the prices quoted below. Quotations given represent the average for the week and are not selected lines, but for parcels fairly representative of the bulk of shipments now on offer. New Zealand Frozen Sheep.—Canterbury and North Island selected crossbred wethers and maiden ewes, 4811). to 561b., 3j{d; 571b. to 641b., 3 5-8 d; 651b. to 721b., 3 3-8 d; North Island crossbred wethers and maiden ewes, 481b. to 561b.. 3 5-8 d; 571b. to 641b., 3 3-8 d; 651b. to 721b., 3Rewes, under 481b., 3 l-8d; 481b. to 641b., 2|d; 651b. to 721b., 2£d. Australian Sheep.—First quality crossbreds and/or Merino wethers, 401b. to 651b., 3d; 301b. to 551b., 3 l-8d; ewes. 301b. to 551b., 2 7-Bd. Argentine Sheep.—First quality, crossbred wethers, 481b. to 641b., 3£d; 651b. to 721b., 3d; over F2lb., none offering. New Zealand Lambs.—Canterbury, 3611). and under, and 371b. to 421b., 6^d; 431b. to 501b., 6 3-8 d; second quality, average 301b., s£d; other South Island brands, 361b. and under, and 371b. to 421b., 431b. to 501b., 6|d; selected North Island brands, including Downs, 361b. and under, 6£d; 371b. to 421b., and 431b. to 501b., 6 3-8 d; second quality, average, 301b., s£d; other North Island brands, first quality, 361b. and under, and 371b. to 421b., 5 7-8 d; second quality, average, 301b., s|d. Australian Lambs.—Victorian, first quality, 361b. and under, sd; 371b. to 421b., 43d; second quality, 361b. and under, 4 5-8 d; other States, first quality, 361b. and under, 361b. and under, 4 7-8 d; other States, first quality, 371b. to 421b., sd; second quality, 361 b. and under, 43d; all- States, third quality, 4Jd. Argentine Lambs.—First quality, 361b. and under, 4|d; 371b. to 421b., 4gd; second quality, average 301b., 4J>d. Uruguayan Lambs. —First quality, 361b. and under, 4^d; second quality, average, 371b. to 421b., 4£d; third quality, average 301b., 4Jd. New Zealand Frozen Beef.—Ox fores, 1601b. to 2201b., 2J,d; other sorts, none offering. Australian Frozen Beef.—Ox crops, under 1001b., 23-8 d; over 1001b., 2^d; ox hinds, under 1601b., 3|d; over 1601b., 3 5-Bd. Argentine Chilled Beef.—Ox fores, 1601b. to 2201 b., 3d; ox hinds, 1601b. to 2201b., %ew Zealand Pigs.—First quality, 60lb. to 1001b., average 901b., s^d; 1011b. to 1201b., sd. All oilier sorts are unchanged. COTTON. RUBBER, JUTE, ETC. (Last week's prices in parentheses.) Cotton. —June delivery, 5.33 d (May, 5.49 d) per lb. Rubber.—Para, 4 l-8d (4 l-8d) per lb.: plantation and smoked} 213-16 d (27-8 d) per lb. » jute.—May-Juno shipments, £l6 10s (April-May,*£l6 15s) per ton. Copra. —June shipments, South Sea. £l3 10s (Mav, £l3 15s) per ton; plantation. Rabaul, £l3 12s 6d (£l3 17s 6d) per ton. Linseed Oil.—£lß (£lB 10s) per ton. Turpentine.—43s (41s 6d) per cwt. The Bank of New Zealand has received the following cablegram from its London office as at the closo of business last wdbk :—Wethers: The demand and prices are steady. Ewes: Trade is brighter and there is a better demand. Lambs: The market is firm with' an upward tendency and is more active owing to increased demand. Beef* Business is limited. Wethers, light 3gd to 4d a lb; heavy. 3d to 3j}d. Ewes, 2-Jd to 3id. Lambs, twos, 6d to 6gd; eights, 6d to 6f,d; fours, 6d to 6gd; seconds. sJjd to s?d. Ox hinds, 3id to 3id; fores, 2d to 2£d. Cow, hinds, 3d to 3Jd; fores, igd to 2d. KAITANGATA COAL CO. The Kaitangata Coal Company, Limited, reports a very successful year, and Is to pay a dividend of Is 6d a share. Tho shares are £1 shares paid to 16s.