MARTHA DIVIDEND

New Zealand Herald, Volume LXXII, Issue 22226, 28 September 1935, Page 9

MARTHA DIVIDEND

INTERIM GD A SHARE LIQUIDATION OF WAIHI v RESOLUTIONS ADOPTED The directors of the Martha Gold Mining Company (Waihi), Limited, London, have declared an interim dividend of 6d a ..share, free of tax, according to cabled advice received by the local director and attorney, Mr. 11. G. Millignn. Payment will bo made on November 15. Resolutions regarding the liquidation of the Waihi Gold Mining Company, Limited, were adopted at a meeting ot shareholders in London on Thursday. For every 5s share held in the Waihi Company shareholders will receive one fully-paid 5s share in the Martha Company, one fully-paid 5s share in Waihi Investments and Exploration, Limited, and 3s in cash. • The dividend of 6d a share declared by the Martha Company is at the expected rate. The usual Waihi interim dividend was Is a share, but an extra 6d a share was added to the final dividend of Is in May on the understanding that it was regarded as part of the Martha Company's interim payment for 1935.

FIRM BUTTER MARKET

REPORTS FROM MERCHANTS DETAILS OF QUOTATIONS Merchants have received the following cablegrams, dated September 26, from their London principals, regarding the dairy produce market: — Joseph Nathan and Company, Limited, from Trengrouse and Nathan, Limited. —Butter: Finest, 116s; first, 113s. Cheese: 58s to 595. Both markets are firm. Mr. L. McCartney, from Henry A. Lane and Company, Limited. —Butter: 115s. The market is firm at the advance. Cheese: White, 57s 6d; coloured, 5Ss. A. S. Paterson and Company, Limited, from J. and J. Lonsdale and Company (London), Limited. —Butter: The market is firm. New Zealand, 115s to 116s; Australian, 115s; Danish, 1295. Cheese: The market is steady. White and coloured, 58s. Mr. W. W. Bowker, from A. J. Mills and Company, Limited.—Butter: New Zealand finest, 114s to 115s; firsts, 112s to 113s; Danish, 130s; Australian, 114s to 115s. Cheese: New Zealand white and coloured, 57s 6d to 58s; Canadian, 56s to 58s. Both markets are firm.

Dalgcty and Company, Limited, from Samuel Page and Son, Limited. —Butter: New Zealand, finest salted, 110s; Danish, f.0.b., 110s to 112s; Australian, finest salted and unsalted, 115s; G.A.Q., Ills. Cheese: New Zealand white and coloured, 58s to 58s 6d; Canadian white and coloured, 58s to 595. Both markets are firm.

WORLD WHEAT SURPLUS

SMALLEST FOR 13 YEARS SHORT CROPS THE CAUSE (Received September 27, 5.5 p.m.) WASHINGTON, Sept. 26 l'he world wheat surplus this year will be the smallest for 13 years—about 330,000,000 bushels less than in 1934-35, due to the short crops in Argentina and Australia —according to the United States Department of Agriculture estimates. Officials agreed that considerable amounts of Kigh-grade wheat to mix with the United States wheat will be imported from Canada. With almost two-thirds of the world carry-over, Canada's holdings will dominate the world markets. The world wheat production is estimated at 3,430,000,000 bushels, and the world carry-over outside Russia at 800,000,000, or a total of about 4,230,000,000. The .short crops this year will reduce the carry-over by«the end of the. season to between 400.000.000 and 500.000.000 bushels, not much more than the normal world carry-over prior to 1928. •

CANTERBURY POTATOES STRONG AUCKLAND DEMAND [BY TELEGRAPH —PRESS ASSOCIATION'] CHRISTCHURCH, Friday Interest in the grain and produce markets lias continued to centre in potatoes and the market has firmed another £1 since Tuesday. F. 0.8. quotations are now £l6 a ton and even at that price there is a very strong demand from Auckland. It now seems definite from all northern , reports that potatoes will be wanted from here until well into November and the prospects of the market are entirely dependent on the quantity of potatoes still held in Canterbury, either in store or on the farms. Fair quantities are still to come from both sources, but it appears highly doubtful whether thero will be enough to meet local requirements, as well as to keep Auckland supplied. It is perhaps significant that the price for seed lias gone up considerably. In some instances Auckland firms, which earlier refused -seed on the ground that it was too late for planting and had criticised the quality of Canterbury potatoes, are now keen buyqrs, and it is not unlikely that somo at least of this seed is going into consumption. Locally large seed is being freely used for table consumption. The steamer sailed this week with a little more than 5)000 sacks, a fair proportion of which was sepd. Thero has been small trade in seeds with the country lately, but the demand is not nearly as steady or as big as it is normally. Oats are unchanged., but there lias been small inquiry fot them recently, in the place of the absolute neglect, they suffered previously. ONAKAKA IRON REPORT FROM LIQUIDATOR Advice has been received by the de-benture-holders from the liquidator of the Onakaka Iron nnrl Steel Company. Limited, Nelson, that the option to Mr. A. P. F. Watson over the assets of the company has been extended for six months on payment of £SOO. A report issued by the company in December. 1034, referred to the possible sale of the undertaking. MELBOURNE PRODUCE MELBOURNE. Sept ■!' Following are to-day's quotations on the Melbourne produce market: Wheat. 3s Oil. Flour. £l2 2s 6d. Bran, £5 10s. Pollard, £5 15s. Oats. 2s Id. Barley, English, 2s lOd to 3s. Mai'/.0, 4s 7d. Potatoes, £0 5s to £9 10s. Onions, £9 15s to £lO.