COMMERCIAL

New Zealand Herald, Volume 81, Issue 25001, 18 September 1944, Page 2

COMMERCIAL

LIVESTOCK MARKETS CONDITIONS IN WAIKATO (0.c.) HAMILTON", Sunday Cold windy weather has retarded pasture growth, but the market for store stock has remained buoyant. Graziers are still operating freely for store bullocks, and at the Te Awamutu spring fair, where a large entry was penned, 4-year bullocks in forward condition sold from £lllßs to £l3 2s, while 3-year steers realised £lO 15s to £l2 10s. At the Kauroa lair, the entry comprised principally young cattle, and these also met a ready salo at recent firm rates. Two-year Polled Angus steers sold from £9 7s Gd to £9 10a, and the best of the Polled Angus yearling steers from £7 to £7 12a. Values at other centres havo also continued firm. The demand for dairy cattle is holding. Good yardings for this time of the year ara coming forward, but the quality of the majority of the offerings is not up to the standard available earlier in the season. At a recent sale of highproducing cows, tho whole herd averaged £l4 28 (Id, with a top price of £lO 10s. The market for yearling Jersey heifers has also shown a further firming, and at the Morrinsville centro a line of choice yearlings realised £8 18s. . . .

At tho opening pedigree bull sale >f the season, the national show and sale, the quality of the offering was good, and spirited bidding resulted in excellent prices being obtained. B o6 f,—Small entries of fat cattle comprising mostly light-weights are being pennedat the country sales, and values are a shade firmer. At the central yards, values for heavy ox showed little alteration, but prices for I'Kht steers and prima, young cows and heifers were in advance of recent quotations. Heavy prime bullocks sell from £l6 to £lO 17s Gd, prime, £l4 to £ls 10e; light, £l2 to £l3 10s; heavy prime young cows and heifers £l2 to £l2 17s Gd; prime. £lO 10s to £ll 10s; light, £1) 10s. Muttorf?—Small yardings of fat sheep are being penned at the country sales, and show little alteration. At the larger markets quite a number of consignments or shorn wethers and owes are coining forward. for wethers show an easing tendency, while ewes sell at recent reduced rates. Heavy pr| n _>e wethers sell from 37s to 38e 3d; prime, 35s to Oda Gd; light, 33s to 34« Gd; unfinished, 30s to 32s Gd; prime shorn wethers, 2<s to 28e Gd; light, 25s to 2Gs; prime woolly ewes, 26s to 27s 6(1; medium, 23s to 255; light, £1 to 225; prime shorn ewes, 17s to 18s Gd; medium, 15s to IGs. Pigs.—Larger entries of fat pigs are coming forward at tho main centres. With the increased entries, moro buyers are able to operate, and prices remain firm. Stores ana weaners generally meet a ready sale at recent quotations. Baconers sell from £4 10s to £o 14s; heavy porkers and buttermilk pigs, £3 3s to £3 18s; largo stores, £2 10s to £3; slips. 35s to £2 ss; weaners. 20s to 355.

PRICES AT MORRINSVILLE (0.C.) MORRINSVILLE, Saturday A small yarding of eheep sold under fltrong competition at prices in advance of recent quotations at the Morrinsville stock sale yesterday Values for all classes of cattle remained firm. Bidding was very spirited for a namber of pens of quality b&coners, wliilo butter* milk pigs were also in demand. Store and weaner pigs sold on a par with last weeks quotations. Quotations:—Prime shorn wethers, '2os; medium, 25s 9d; heavy fat hoggete, 27s 3d to 29s 3d; medium, 24s to 2Gs; light, to 225; fat ewes, 2(5s 3d. Fat young Jersey cows, £1 to £7 10s; light fat Jersey cows and heifers, £5 10s to £0 IBs; heavy boner cows, £5 to jEG ss; medium, £4 to £4 15s; 6tore cows. £3 to £3 I{5S; 2-year empty Jersey heifers, £5 to £6 10s; yearling Jersey heifers, to £7 3s; sound yonng Jersey cows and slips, £•1 08 to £4 18s. Dairies: Good quality springing heifers, £l4 to £l6; medium, £l3. to £l3; small, £9 to £10; calved heifers. £8 to £ll 10s. Choppers, £2 13« to £4 16fi; Erime heavy baconers, £5 10s to £5 138; eavy, £5 to £5 8s; medium, £4 10s to £4 18s; light, £4 to £4 6s: buttermilk pigs and heavy porkers, £3 10s to £4 7s; large store pigs, £2 14s to £3 3s; smaller, £2 to £2 10s j slips, 30s to 365; weaners, 20s to 26s 6d; sows in farrow, £2 15s to £4 12s 6d; Berkshire boars, to £6 ss.

HIGH-PRICED STOCK NEEDS OF RETURNED MEN (0.C.) HAMILTON, Sunday The farming committee of the Hamilton Returned Services Association has strongly recommended that the Government should purchase as many weaner calvee as possible, so giving returned soldiers the opportunity of purchasing at a reasonable figure their dairy requirements. In view of the fact that suit-ably-priced stock must be provided for returned servicemen, the association views with concern the abnormally high prices which have been ruling for dairy stock during the past year, it being estimated that dairy fitocK in the Waikato has been about C\ a head dearer than last year. The farming committee states that the Government has many acres of land suitable for the raising of stock, and urges that the land should be used for this purpose.

FAT STOCK DISPOSAL In a recent interview with the Minister of Agriculture, Mr Roberts, the Meat Producers' Board again advocated the suspension of the Fat Stock Disposal Order, which provides that a farmer is required to sell his export stock to the same person to whom his stock was sold during the previous season. The Minister still has the matter under consideration. FERTILISER APPEALS (0.C.) HAMILTON, Saturday -As there waa no further reserve from which supplies could be drawn, the only type of fertiliser appeal that could still be considered was one lodged by a returned soldier, stated a circular received by the Waikato Primary Production Council from the primary industries controller, Mr E. J. Fawcett. Certain fertiliser committeea, said Mr Fawcett, were apparently under the impression that there was no closing date for fertiliser appeals, as they had been referring applications to the controller's office. Returned soldiers' appeals could be received at any time of the year, but all others had closed on April 30 la6t.

MINING YIELDS Goldfields of N.Z. (West Coast). —First half September: Barry town, 82oz, 73,000 yards, 159 hours; Kanleri, 5520z, 106,000 yards, 237 hours; Arahura, 9840z, 154,000 yards, 259 hours. Blackball Creek (West Coast). —Last week, 70oz, 250 hours. Snowy River (West Coast). —Last we«k, 2430z, 57,000 yards, 271 hours. Associated Gold Dredges (West Coast). — 2850z, 04,(M0 yards, 294 hours. HUME PIPE PROFITS Consolidated accounts of Hume Pip« Co. (Aust.), Ltd. (Melbourne), for the»year ended June 30. show a net profit of £30,413. compared with £25,004 in the previous year. The parent coinpany'g profit, as announced on Beptember 1, is £30,312, compared with £25,571. TAX-FREE RESERVES Companies should be encouraged to build tax-free reserves for the reconditioning or replacement of assets to enable them to meet post-war competition from any direction, said the chairman of IJunlop Rubber Australia, Ltd., Mr W. A. Watt, at the annual meeting in Melbourne. The company had created a development and deferred expenditure reserve to provide for definite developmental undertakings. From the year's profit £.100,000 had been set aside and £150,000 had been transferred from contingency reserve. The directors were unable to say whether the taxation authorities would treat the £IOO,OOO as tax-free.

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 16 T.T. T.T. Buying Selling New York. dot. to £ . . 3,'2542 3.2050 Montreal, dol. to £ .. 3.0039 3.5290 India, pence to rupee .. 22 3-3 0 '22% Ceylon, pence to rupee.. 22 3-16 22% S.A., jCN.Z. JCS.A. 100 123 125/2/6 London, £N.Z. £st. 100 12-1/7/0 125 Australia, £.\. £N.Z. 100 100/10/- 100 Fiji, A'F. £N.Z. 100 . . 90 88/12/0 Chungking, N.Z. pence to Chinese dollar Ad

CALL AND DIVIDEND LIST Dividends— Due Huddart-Parker—int., pref,, 3 p.c.; ord v 5 p.c Sept. 21 farmers Freezing—sV, t).c. Sept. 21 Frozen Products—ls a share .. Sept. 22 Atist. Foundation—4 p.c. . .. Sept. 25 Newton King pref., 5 I*s p,e. (Ipsa taxes) .. .. . . Sept. 25 Kanieri—ls a share (books September 19) .. .. .. Sept. 27 British Tobacco—qrl.y., 2 p.c. . . Sept. 29 Bank A'asia—int., 2s Od a share (less U.K. tax Os in £) .. Sept. 29 Wright Stophenson—pref., 2 1 /, p.c. (less taxes); ord„ 2Va p.c,.. Sept. Kaiapoi Wool —pf. and ord.. 5 p.c. and 1 p.c. bonus ~ .. Sept. N.Z. Drag—int., ii% p.c. .. Sept. Aust. Mot. Petrol—pref., half-year, 3 p.c. .. .. .. Sept. 30 Dunlop—final, half-year, pref., 5 p.c.; ord., 2% p.c. .. .. Sept. 30 Felt and Textiles —final, half-year, ord., 5 p.c,; Ist pref., 3 p.c. Oct. 1 Innes and Co.—pf. and ord., 8 p.c. Oct. . 1 Milne and Choyce—final, 7 p.c. p.a. on pref., B pref., ord. shares and deb. stock .. Oct. 1 Hume Pipe—pref., final. 3V 4 p.c.j ord.. 4 p.c. . . .. .. Oct. 2 Woolworths (N.Z.) —pref., half-year, 4Va p.c. (less taxes) (books September 20) . . . . Oct. 15 Woolworths (S.vd.) —int., 5 p.c. (books September 19) . > Oct. 16 Woolworths (Victoria) —pref., halfyear, 3% p.c. (hooks Sept. 19) Oct. 16 Aust. Mot. "Petrol—ord., 4 p.c. .. Oct. 27 Bcath and Co.—final, ord., 3 p.c.; pref., Sty t p.c. .... •. .... o*i.