COMMERCIAL

New Zealand Herald, Volume 80, Issue 24657, 9 August 1943, Page 5

COMMERCIAL

LIVESTOCK MARKETS CONDITIONS IN WAIKATO (0.C.) HAMILTON. Saturday Heavy rains followed the recent iiard frosts and pastures are making little growth. Smaller yardingS of store stock have been penned at most centres and prices have remained firm. Entries of dairy cattle now comprise practically all heifers, and in spite of the adverse weather conditions, good-quality cattle close to profit continue to sell readily at recent improved quotations. For the small offerings of sound young cows competition is keen. Yearling Jersey heifers have shown further advances. Small entries of station-bred steers have sold at unchanged quotations, while boner cows also realise firm rates. In the store sheep section hoggets are keenly sought and prices have shown a further firming. Beef.—Owing to the unfavourable autumn fat cattle are in short supply and only small entries of this class are coming forward. Many cattle which, in a noma! season, would have been fat at this time of the year, are only in forward store condition and will not come on to the market till later in the spring In the meantime supplies are barely sufficient for the demand. An average yarding of ox beef at the central yards created competition at slightly firmer rates, while cow and heifers also sold readily at recent quotations. Extra heavy prime bullocks, £l6 to £l7; prime, £l4 10s to £ls 10s; medium, £l3 to £l4; light, £ll 15s to £l2 15s; extra prime young cows and heifers, £ll 10s to £l2 3 0s; prime, £lO to £3l; light, £c to £9. Mutton. —Small entries of fat sheep continue to come forward at country sales and values remain firm. Good yardings have been penned at the central yards for "the past two weeks, but the demand has been fully equal to the supply and prices for both ewes and wethers showed an advance on Tuesday. Heavy prime wethers sold from £2 to £2 2s; prime, 37s to 395; light prime, 33s to 355; heavyprime ewes, 2fts to 31s (Id; medium weights, 26s to 28s; light, 22s to 255; unfinished, l«s to 20s. Pigs.—The market for small entries of fat pigs remains practically unchanged. Store pigs are now coming forward in slightly larger numhers. but with more milk available competition is keen and prices tend to firm. Contrary to expectations the inquiry for breeding sows has slackened and prices have eased accordingly. It .is anticipated that values for these will again improve in iht spring. Baconers sell from £3 15s to £4 17s; porkers, £3 to £3 10s; large stores, £2 Ss to £2 1 -ss; medium, £2 to £2 6s; slipa. 27a to 355; weaners, 15s to 255. PUKEKOHE VALUES (0.C.) PUKEKOHE, Saturday A largo entry of dairy cattle came forward at the Loan and Mercantile Pukekohe stock sale. Beef was in sniall numbers and there was an average yarding of boners and stores. Values for dairies improved on last sale. Beef values were very firm at late rates. Boner values improved. Best dairy heifers made £l2 to £ls os; medium, £8 10s to £ll 10s; small and backward, £5 to £8; dairy cows, £lO 10s to £l2; others, £<> 10s to £10; aged cows, £4 10s to £5 10s; medium prime steers, £l3 1 Os; heavy prime cows. £ll to £l2 ss; medium, £9 to £lO 10s; light, £7 to £8 15s; killabie cows, £0 to £6 15s; prime heifers, C 9 10s lo £11; medium. £7 to £9 ss; light, C 5 to £6 10s; heavy boners, £5 to £5 15s; medium, £4 to £4 15s; light, £3 to £3 15s; inferior cows, £1 to £2 10s; Jersey heifer calves, £2 15s to £4; young store cows (good colours), £4 to £5 10s; bulls, £3 10s to £6. I here was an average yarding of fat pigs and a good yarding of all classes of store pigs. The latter showed an easing tendency. Choppers made £3 to £5; heavy baconers. €4 15s to £5 Is; medium, £4 9s to £4 14s; light. £3 17s to £4 2s; heavy porkers, £3 10s to £3 15s; medium, £3 to £3 Ss; light, C2 10s to £3; large stores, £2 5s to £2 15s; slips. £1 15s to £2; good weaners. £1 10s to £1 17s; others, £1 to £1 Ss; sows, close to farrowing, £2 10s to £7; boars, £1 Is to C 4 -Is. MORI'S DOCK RESULTS Mort's Dock and Engineering Company Sydney) shows a net profit" of £71,151 for the year ended June 30, compared with £72,993 for 1941-42. Dividend, unchanged at 8 per cent, requires £52,000, and £20,000 is added to reserves. The carry-forward is £26,349. against £27,198 brought forward. COMMERCIAL BANK A net- profit of £241,552 reported by the Commercial Bank of Australia dor the year ended June 30 shows no material change. It compares with £241,512 for 1941-42. Allocations are the same as last year—ordinary dividend of 6.6(1 per cent requires £133,333, preference dividend of 4 per cent absorbs £84,694, and £25,000 isijvritten off premises. These total £243,027, and the carry forward is reduced by £1475 to £112,766. JAMES J. NIVEN AND CO. The accounts of James J. Niven and Company (Wellington) for the year ended March 31 show net profit at £10,950, compared with £10,429 in the previous year. The profit is struck after providing £37,000 for taxation. With £6976 brought forward, there is £17,926 available. As already announced, the directors recommend a dividend of. lOd a share (unchanged), requiring £7541. and the placing to general reserve of £2500, portion of a surplus provision for taxation in former years. The balance of £7SSS is carried forward MINING RETURNS Mount Morgan (Queensland). —Estimated working deficit for the period ended July 25 is £B9OB, not including provision for depreciation, overhead expenses of £I7OO, and preference share dividend of £1251. Capital expenditure totalled £8373. Grade of ore treated was lower than that of the previous period. West Coast Dredges.—Snowy River: 2700z; 56.000 yards; 244 hours. Blackball Creek; 470z; 117 hours. EGG PRICES LOWER The Auckland Egg Marketing Committee notifies a decrease in the prices of eggs operative to-day The new rates, which show a reduction of 3 l / a d a dozen for hen eggs and from 3V a d to 4d per duck, are as follow; —Heavy hen, wholesale, 2s 4Vad a dozen, retail, 2s Sd; standard, 2s 3%d and 2s O'/jd; medium, 2s iy a d and 2s 4/id; pullet, Is 6d and Is Sd; standard duck. 2s Id and 2s Id; medium, Is lid and 2s l%d; small, Is Sd to Is lOVsd. Country storekeepers' buying prices for ungraded eggs, hen, Is lOd. and duck, Is QYid. CALL AND DIVIDEND LIST Dividends— Due N.Z. Insurance —Is 6d a share . Aug. 10 Nat Bk. N.Z.—-final, 2Vi P-c. (less British income tax, 6/7% in £) Aug. 10 Taupiri—ls 3d a share . . . . Aug. 10 G. J. Coles —final, 6 p.c. . . . . Aug. 16 Woolworths (W.A.) —int., half-year, pref., 4 p.c. .. .. .*. Aug,-16 Woolworths (Syd.)—h3lf-year, Ist pf., 5 p.c.; 2nd pf., aft p.c. Aug. 16 Mt. Morgan—pref., 4 p.c. . . . Aug. 16 Wellington Wool.—final, ord. and pref., '2 p.c., plus bonus, 3 p.c. Aug. 16 Blackwater—final, Gd, tax free . . Aug. 18 Consol. Gold—int., 3d, tax free .. Aug. 18 Morts Dork —8 per cent . . . . Aug. 18 Farmers' Pert—ord., 4 p.c., pref.. 5/2 P-c. p.a. . . . . . . Aug. 20 Com Bank —pref., 4 p.c. p.a.; ord., 6 2-3 p.c. p.a. . . Aug. 20 Dom. Invest.- —final, 3 p.c. on A shares, Ist and 2nd B, and 2 p.c. on 3rd issue B and C . . Aug. 24 Bank N.S.W. —int.. quarterly, 6/- Aug. 26 Broken Hill Pty.—s p.c. .. .. Aug. K.D.V. Boxes —final, 4 p.c. .. Sept. 1 Southland Fr. Meat —int., Sd .. Sept. 1