WINTER SHOW

New Zealand Herald, Volume LXXVI, Issue 23487, 26 October 1939, Page 7

WINTER SHOW

GOOD WAIKATO PKOFIT A LIABILITY DISCHARGED BUILDING SCHEME POSTPONED [FItOM OUR OWK-COIIUKSI'OXnEXT] HAMILTON, Wednesday A statement submitted by the secretary, Mr. W. IT. Paul, at a meeting of the executive of the Waikato Winter Show Association to-day showed that after providing £I3OO for depreciation, a net profit of £1032 had been made at the association's last winter show. The meeting decided to discharge its liability of £3BBI to the Hamilton Borough Council for the purchase of land adjoining the existing buildings and fronting Garden Place. The recommendation of the building committee that tho association's building scheme, involving the erection of an additional hall, concert rooms and administrative offices, bo postponed in the meantime on account of the war, was adopted. Mr. W. Fraser, of Hamilton, has been nominated as president of the association for the ensuing year. Messrs. A. J. Davison, of Newstead, and W. Dempster, of Hamilton, have been nominated as vice-presidents. WOOLLEN GOODS IMPORTS FROM BRITAIN WITHDRAWAL OF PRICES HIGHER LANDED COSTS Quotations from the United Kingdom for -woollen piece goods, which had advanced substantially, have been withdrawn, according to cabled advice received in Auckland. The reason is that exporters are awaiting the settlement of a basic price in Eugland and the fixing by the British Government of civilian quotas. British exporters will now have to obtain permits to export. Further advices relating to the King's risk commodity insurance scheme so far as woollen piece goods are concerned is that the insurance cost based on recent quotations averages 2d a yard. Stocks valued at £IOOO or more fall within the Government insurance scheme against war damage or destruction. On supplies exported to New Zealand the insurance premiums will be added to the landed cost. The average cost of 2d a yard is sterling, so that 25 per cent exchange and a proportion of other charges must bo added in computing the price the Now Zealand 'public will bo called upon to pay. Importers of soft goods have also received advices from Belfast manufacturers of the withdrawal of all linen thread offered except supplies for Dominion governments. Scarcities in the raw material have developed, and manufacturers are apparently investigating their position. At the time of the withdrawal of quotations prices were up by about 33 1-3 per cent, due largely to the increased cost of Continental flax through tlie depreciation of the English pound. The advice of the withdrawal has caused concern in Auckland, and clothing manufacturers, footwear manufacturers and others who are users of linen thread have sought supplies from the small stocks that were held by importers. MINING NEWS YIELDS OF COMPANIES Argo (West Coast). —390z. from 14,000 yards in 134 hours. Gillespie's Beach (South Westland). —Two days' dredging, 16Joz. from 5200 yards in 43 hours. The dredge has stopped,- probably for four weeks, while auixilary pontoons are attached. Mossy Creek (West Coast). —13joz. from 7600 yards in 130 hours. Bulolo (New Guinea). —For September. gross production amounted to 25,8510z. of bullion, containing 17,838 oz. fine gold, from 1,589,000 cubic yards. Estimated working profit, 96240z. fine gold, after allowing for tlie recently imposed Australian war excise duty, which amounts to half tho Australian gold price above £9 Australian an ounce. Estimated working profit for August, after allowing for the Australian tax, amounted to'7olß oz. of fine gold. REPORTS OF MANACERS Una Hill Consolidated (Thames). —During tho fortnight ended October *_'«) good progress was made with the lower incline, which was advanced 10ft to a point about (iOft from the objective. Country rock remains firm and is interlaced with mineral seams. SOUTH AMERICAN MEAT MORE BRITISH PURCHASES LONDON, Oct, 21 It was announced in the House of Commons that an agreement has been reached covering tlie shipment of 200,000 tons of frozen beef and lamb from the Argentine between November 1 and January 31, 1940. EGG PRICES UNCHANGED The Auckland Egg-Marketing Committee announces that wholesale egg prices are unchanged as follows: Hen, first grade. Is GJd a dozen; B, Is 45d; C, 11 Jd. Duck, first grade, Is O.Jd a dozen; B, Is 5Ad. Country storekeepers' minimum buying prices for first-grade eggs are:—Hen, Is 2d a dozen; duck, Is 2d. PANAMA CANAL TRAFFIC The number of ocean-going commercial vessels making transit of the Panama Canal in the fiscal year ended Juno 30, 1939, aggregated 5903, in comparison with 5524 in J9MB, an increase of 379, or 0.86 per cent, according to the report of the Governor of Panama. With respect to the number of transits, the fiscal year 1939 was tho fourth highest in tho history of the Canal, being exceeded only by a total of 6289 in 1929 (tho peak year), 6253 in 1928, and 6027 in 1930. Traffic ranged from a monthly total of 429 transits in July to tho peak month of 553 in March. From the foregoing statement, it will be noted that the increase in transits was relatively higher than the amount of cargo carried. This is attributed to the fact that a greater proportion of the traffic in 1939 made the passage of the Canal in ballast. The greater part of this increased ballast traffic consisted of vessels which transited south-bound and returned with cargoes ■ from North America to Europe.