COMMERCIAL

New Zealand Herald, Volume 82, Issue 25273, 6 August 1945, Page 2

COMMERCIAL

WAIKATO CONDITIONS

SOME GROWTH IN PASTURES Milder weather lins been experienced in the Waikato and although pastures are showing a little growth, feed is still short. However, this has had no eflect on the market for station-bred store cattle, which remains very buoyant for this time of the year. At the Ohinewai centre a well-known annual draft of rising three-year steers drew keen bidding, and sold to JL'Ki 2s. Other grown bullocks brought up to £l3 ss. Small entries at other centres have also sold readily at similar prices.

The market for dairy cattle shows little alteration. Very few clearing sales arc now being held, and recent prices are usually maintained at these fixtures. There is still a strong inquiry for choice, well-grown heifers close to profit, which continue to realise high prices, but poor and inferior descriptions meet with very restricted competition even at the reduced rates which are ruling. Only odd lines of yearling Jersey heifers are coming forward, and prices for these are almost unchanged. Boner cows are being penned in smaller numbers, and the Quotations are very firm. In tho store sheep section, entries comprise principally hoggets, tho demand for which is firming. Prices realised at the central yards on Tuesday were in advance of previous quotations. A few pens of ewes in lamb have also been offered, and have met with an improved demand at firmer rates. Beet. —Values for fat cattle have shown | a distinct improvement at all the main | centres. Following the large yardings which I caused prices to fall the previous week, comparatively small entries came forward with the result that prices fully recovered. Large supplies do not appear to be in sight, and the indications are that firm rates will tie maintained. Extra prime bullocks sell from £IH lOs to .€'2o; prime, £l7 to £18; lighter prime. A'J.5 to 1' Hi 10s: small, to £l4 I Oh; heavy prime heifers. £l2 10s to £11; lighter. A'lo to .CI I 10s; heavy fat cows, £'l2 to I'l3 ]()s; lighter, .£lO to £ll. Mutton.—The market for fat sheep has also shown an improvement. Smaller yardings of fat wethers have been penned at trie main centres, and prices increased by 2s to 3s a head. Prime ewes arc also in snorter supply, and values improved by about Is a head at the central yards. Lambs now appear to be doing well, and some very good linos which have recently been penned realised to 30s. Kntries of fat sheep at the country sales comprise principally hoggets which meet a ready sale at very firm rates. Heavy prime wethers sell from i.'2 to X'2 2s Od; prime. 38s to 30s fid: light, 35s to 37s fid: unfinished. 31s (Id to 3.35: prime fat ewes. 20s to 275; medium. 23s to 255 ; light and plain, 20s to 225. Pigs.—Yardings of fat pigs continue to he small, and prices remain very firm. Choppers sell from I'l to £0 Os; baconers, C I 10s to £5 10s; heavy porkers and buttermilk pigs. £3 His to iu' ss; medium porkers, £3 to £3 8s; light porkers and large stores, £2 10s to £2 IPs. PRICES AT MATAMATA The Fanners' Co-operative Auctioneering Co., Ltd., reports that a full yarding of sheet) was penned at Matamata. Rates for all fat sheep were very firm, while those for store sheep remained unchanged. There was a good entry of cattle, and beef values were firm. An exceptionally large entry of dairy cattle, comprising mainly heifers, was offered, and prices increased. Prices for all classes of pigs were fully up to recent rates. Quotations! Fat wethers 30s fid to 38s 3d; light. 33s fid; heavy fat lambs, 31s lOd to 33s (id; medium, 25s to 20s 7d: light, 2.1s Od to. 21s (id; good white-face store lambs, 21s to 23s 10(1. Light fat bullocks. £ll 7s to £ls 10s, ; heavy prime heifers.- to £l2 ss; heavy fat ! cows. AMI to £lO 12s; light, fat heifers, £7 i IDs to £8 1 Ss; light, killable cows, £0 10s ; to t'7; boners, £4 to £0 10s; two-year empty | .lersev heifers, £4 7s to £1 12s; Jersey j Shorthorn-cross heifer calves, to £5 15s; twoyear steers, £O. Choice Jersey and Jerseycross heifers, close to profit. £M to £lO ss; others, £lO 10s to £l3 10s; later calvers £8 10s to Cft 10s; heifers in milk, £7 to £0 1 Os; sound dairy cows. £0 to £l2 10s: backward. £0 10s to £8 10s. Choppers, £2 10s to £4 10s; heavy baconers. to £5 7s; buttermilk. £3 Os to £1 10s; large stores, £2 5s to £2 17s; others. 30s to £2; slips. 22s to 27s Od; weaners, lis to 20s: sows with litters, to £11; sows to farrow, to £0 ss: Devon boars. £1 10s to £1 7s fid.

MINING NEWS

MARTHA CRUSHING RETURN (0.C.) WATHT. Sunday The following information has been cabled to the London office of the Martha Gold Mining Co. (Waihi), Ltd:—For the four-weekly period ended July 21, the mine operated on 20 days, crushing 10,831 tons of ore for 2079 fine ounces of gold and 17,27(3 fine ounces of silver. WEST COAST YIELDS 'Vest Coast Mines.—Grey River: Fortnight ended August 1, 71-1.650?!, 200,720yd5, 219-"% hours; July, lllOoz, 35(3,047yd5, 460 hours. Snowy River: Last week. 15(ioz, 50.000 yds, 2(12 hours. Blackball Creek: Last week, 630z, 240 hours. BROKEN HILL PROFIT INCREASE OF £30,693 An increase of £30,(303 to £759,3(37 is shown in the net profit of Broken Hill Pty. Co., Ltd., for the year ended May 31, according to a arcliminary statement. Profit from trading continued to fall and at £428,(319 was £52.019 lower than the previous year. Income from investments increased by £82,712 to £330,748. The net profit was arrived at after allowing depreciation of £1,1(31,53#!, an increase of £115,273, and special depreciation on plant used in wartime activities of £283,757, a reduction of £25,2(30. Provision for taxation was £l-15,000 higher at £825,00 D. The unchanged dividend of 5 per cent ah' sorbed £(394,245. « PUBLIC TRUST BUSINESS Estates to the value of £(303,237 wero reported and accepted for administration by the Public Trustee during June. Grants of administration made by the Court in favour of the Public Trustee numbered 223 for the month. A total of 533 new wills appointing the Public Trustee executor were prepared on behalf of testators and lodged for safe custody, and 1(31 existing wills were revised to provide for changes desired by testators.

CALL AND DIVIDEND LIST Dividends — Due Nat. Bank N.Z. —final, 2V4 p.c. stg. (less U.K. tax at Os 8d in £) Aug. 8 G. J. Coles-—final, 6 p.c. (books July 21) Aug. 13 N.Z. Insurance —final, Is Od a share Aug. 14 Mt. Morgan—pref., int., 3V» p.c. (books Aug. 1) Aug. 15 W'wths (Syd.)—half-year, Ist pref., 5 p.c.; 2nd pref., 3% P-C. (books July 18) .. •. Aug. 15 Snowv River —jfid a share . . Aug. 35 W'wtlis (W.A.)—pref., int., 4 p.c. (books June 28) . . . . Aug. 10 Wm. Cable —final, ord., 3% p.c. (hooks July 31) . . Aug. 20 Con. Bricks —V/ 3 p.c. p.a. (books Aug. 8) Aug. 22 N.Z. Fert. —pref., Vi-yr., 'M' t p.c.;

ord.. 4 p.c. p.a. (books July 25) Aug. 22 Morts I>ock —7 p.c. p.a. (books Aug. 7) Aug. 22 Com. Bank—final, pref., '2 p.c.; ord., rVi p.c. (books Aug. 8) . Aug. 21 Bank N.S.W. —(jurtly..« (is a share (hooks Aug. 13) Aug. 30 Carlton Brew. —int., fl'/s p.c. (books Aug. I) Sept. 1 W'wths (W.A.) —int., 5 p.c. .. Sept. 15 Ca lift— Reirl Rubber (con.) —5s a share . . Aug. 1 Reid Rjibher (con.) —final, 5s a share . . . . . . Sept. 1