COMMERCIAL

New Zealand Herald, Volume 79, Issue 24378, 14 September 1942, Page 5

COMMERCIAL

LIVESTOCK VALUES

CONDITIONS IN WAIKATO (0.C.) HAMILTON, SaturdayAlthough the weather has been rough and changeable pastures are in quite good order for this time of 3 - ear and the demand for practically all classes of stock remains keen. Many grazicrfhave now disposed of the bulk of their beef and are in the market for replacements, with the result that station-bred cattle are in particularly keen request At the Morrinsville centre on Monday, when an offering of 500 east coast steer - came forward, competition was excep tionally keen at prices considerably ii> advance of recent quotations, i The annual spring horso fair, for which record entries had been received, was com menced at Cambridge on Tuesday under most unfavourable weather conditions. A particu larly large offering of unbrokens came for ward and, while outstanding sorts attracted steady bidding, plain and inferior were hard to dispose of except at unattractive prices In the draught section quiet reliable sorts, sold with a trial, were in demand at prices below those ruling at the same fixture last year, but other classes were not keenly sought With tho shortage of labour the inquiry this year appears to be only for farm horses thai anyone can work. The national bull sale, also one of tin outstanding events of the season, was particu larly successful, one outstanding yearling being knocked down at 230 guineas, with a number of highly-backed bulls bringing pricein excess of 100 guineas, white other gooc animals sold from 50 to 90 guineas. Dairy cattle continue to elicit keen com petition and at the few clearing sales now being held good quality cows, in milk and close to profit, sell readily at prices ranging from €l2 to £l7. In the store sheep section hoggets continue to meet a ready sale at recent firm rates. Beef.—Only small entries of fat cattle arc being penned at the country markets and arc readily absorbed by local butchers at prices equal to those obtained at the main centres Following the shorter yarding and the con sequent sharp rise at the central yard las' week both ox and cow beef came forward in increased numbers on Tuesday. However, in spite of the larger offering previous ratewere maintained. Extra heavy prime bullocks made £ls 10s to £18; prime. £l4 to £ls; light, £ll 10s to £l3; extra prime youns cows and heifers, £ll 5s to €l2 19s; prime £9 10s to £11; lighter prime, £8 to £9; other cows, to £7 10s. Mutton.—Entries of fat sheep at country sales comprise principally hoggets and the heavier pens are readily purchased by butchers for the local trade. Following the further increased prices at the central yards fat sheep were penned in larger numbers this week and, while the top price of £2 8s for wethers was Is better than at the previous sale, on the whoio values were a shade easier, with fat ewes showing a drop. However, the slisrht decline in values appeared to be due to the larse entry and it does not appear likely that prices will show any material alteration for a few weeks. Prime woolly wethers sold from 3Ss fid to 4Ss; prime shorn wethers. 27s Od to 33s 6d: fat ewes, 24s to 28s Oil. Pics.— Fat pics arc coming forward !n quite good numbers for this time of year and recent ountations are generally maintained Good yardinsrs of stores and weaners are also coming forward, hut the demand is generally equal to the snnply and nere again prices are firm. The inquiry for breeding sows is less keen. Baconers sell from £3 JOs to £4 16s; porkers, £2 10s to £3 ss. MINING RESULTS Blackball Creek (West Coast).—The directors' report states that the accounts for the vear ended May 31 again disclose a satisfactory profit. Average weekly gold recovery was UVaOz. compared with 420z in the previous yea r. Snowy River (West Coast). —Net profit for the year ended June 30, after providing for depreciation on plant and transferring £ISOO to a depreciation reserve, was £39.611. Four dividends of Od were paid, totalling £28.000. This is the first year in which dredging operations have been carried out for the full period and the directors consider the gold recoveries are very satisfactory. For the 12 months 61% acres were dredged. A total of 7018oz of gold was recovered from 1,OS! ,208 yards. West Coast Yields. —Golden Lands. 50oz for 40 shifts; Snowy River, 1290z. 27,000 yards, 123 hours. FOREIGN EXCHANGES Closing telegraphic rates for purchases and sales of foreign exchange Auckland on overseas centres on Saturday were supplied by the Bank of New South Wales as follows: September 12 T.T. T.T. Buying Selling New York, dol. to £.. 3.2542 3.2050 Montreal, dol. to £ .. 3.6039 3.5290 India, pence to rupee . . 22 3-16 22 3 ,; Ceylon, pence to rupee . 22 3-1622 3 , i S.A., £N.Z. £S.A. 100 123 125/2/6 London. £N.Z. £st. 100 124/7/6 125 Australia, £A. £N.Z. 100 100/10/- 100 Fiji, £F. £N.Z. 100 . . 90 88/12/6 CALL AND DIVIDEND LIST Dividends— Due Huddart-Parker—int., pref., 3 p.c.; ord., 5 p.c. .. .. .. Sept. 17 Farmers' Freezing—s% p.c. .. Sept. 23 Bartholomew —final, 2V 3 p.c., plus bonus, 1 p.c. .. .. .. Sept. 26 Dunlop—ord., 2% p.c.; pref., 5 p.c. Sept. 30 Kaiapoi Woollen—ord & pf.. 6 p.c. Sept. N.Z. Drug—int., 3y a p.c. . . .. Sept. Felt and Textiles —final, ord., 10p.c. p.a.; Ist pref., 6 p.c. p.a. Oct. 1 Bank A'asia—int., 2/6 a share (less British income tax 5/6 in £) Oct 2 Woolworths, Ltd.—int., 5 p.c. . . Oct. 15 Woolworths (N.Z.) —half-year, pref, 4y a p.c Oct. 15 Woolworths (Vic.) —half-year, pref. 3% p.c. .. .. .. .. Oct. 15 Calls— Amal. Wireless—final, 2/- . .. Sept. 30