COMMERCIAL

New Zealand Herald, Volume 82, Issue 25357, 12 November 1945, Page 3

COMMERCIAL

LIVESTOCK MARKET

CONDITIONS IN WAIKATO Strong winds again followed recent warm rains, and except in sheltered positions pastures are not making a great deal of growth. As a result values in most sections of the store stock section have shown little alteration. There is still a strong inquiry for grown store bullocks, but very few are offering at most centres. However, at the Central yards on Wednesday a number of annual drafts from local breeders was offered, attracting a full bench of buyers. Competition for all well-grown lines was keen and prices showed a marked increase on recent quotations. One line of well-bred Polled Angus steers sold to £ls 5s and averaged just on £l4 10s, while well-grown three-year steers sold from £l3 to £l4 6s. Younger cattle were not as keenly sought and, although one outstanding pen of yearling steers realised £9 6e, prices for other lines were practically equal to recent quotations. The market for dairy cattlo shows an easing tendency. The demand is falling away rather quickly and except for choice lines prices are distinctly lower. Yearling Jersey heifers meet a steady demand at recent, quotations, while boner cows continue to sell readily at very firm rates. In the store sheep section, shorn hoggets are coming forward in good numbers. Well-grown lines of white-face wether hoggets maintain recent quotations, but prices for small and inferior descriptions are easier. Ewe hoggets have met a slightly improved demand at some, sales, up to '2Bs (id being realised at the Morrinsville centre. Beef. —The market for fat cattle remains firm. Ox beef is being penned in slightly increased numbers at some of the larger centres, but competition from local and outside buyers maintains the prices at recent levels. Prime young cow and heifer beef is still in short supply, with the result that very firm values are realised. Heavy prime bullocks sell from £2l to £22 f>S; prime. £lO to .(."JO; light, £l7 lo CIS 10s; primo young cows and heifers. £l3 to £ls; medium, £ll 11N to .LI-J 10s; light. £ln to £ll. ; Mutton.—lncreased yardings of fal sheep are j being penned. They include a good proportion ! of shorn hoggets. Prime well-finished wethers 1 meet a steady sale and prices show only a slight reduction. At. some sales the supply of hoggets exceeds the requirements of the local trade and prices ease accordingly. Shorn ewes are coming forward in larger numbers and meet a steady sale at recent rates. Heavy prime wethers sell from 38s to 40s; prime, 30s to 37s (id; light, 34s to 355; prime shorn hoggets. 33s 6d to 355; medium, 31s to 32s fid; light, 2Ss to 30s; prime fat ewes, 19s to 20s; medium, 17s (id to ISs (id; light, 10s to 17s. Pigs.—Smaller yardings of fat pig#' havo I been penned at most centres during the week. Reflecting the reduction in the export schedule rates, prices for heavy baconers fell by 3s a head, but rates for butter-milk pigs remained fully firm. Quotations for stores and weaners showed little alteration. Baconers sell from £1 to £5 7s; heavy porkers and butter-milk pigs, £3 10s to £1 os; medium porkers, £2 ISs (o £3 os; light porkers and large stores, £2 ."is to £2 17s; slips, 35:? to £2 ss; weaners, 12s (id to 30s. EGG PRICES INCREASED RISE OF 2D A DOZEN A seasonal increase of 2d a dozen in the price of eggs will take effect today in the Auckland marketing area and the Tauranga and Hamilton special marketing areas. Standard hen and duck eggs will now be sold at Is lOVad a dozen wholesale and 2s Id retail. The Auckland Egg Marketing Committee, in conjunction with the Internal Marketing Division and the Price Tribunal, announces the following new scale of prices;—Hen eggs: Heavy, Is llVad wholesale, 2s 2d retail; standard, Is 10/ id, 2s Id; medium, Is S'/ad, is lid; pullet. Is a l / a d, Is 7'id; ungraded, Is SV a d wholesale. Duck eggs: Standard, Is 10Vjd wholesale, 2s Id retail; medium, Is SVad. Is lid; small, Is oVid, Is 7'/ 2 d; ungraded, Is 6d wholesale. Country prices outside the above marketing areas are 'Ad a dozen less for all grades, country storekeepers' buying prices for ungraded hen eggs being Is Bd, arid duck eggs Is 5%d.

DIVIDEND OF 20 PER CENT LIQUIDATED FINANCE COMPANY (0.C.) HAMILTON, Sunday A statement that a dividend of about 20 per cent would be paid to ordinary shareholders of the Finance Corporation of New Zealand, Ltd., as a result of the liquidation of its assets, has been made by the liquidator, Mr M. M. Shaw. All paid-up capital would also be returned. The surplus from realisations was £12,871. Preference dividends and taxation had absorbed £6547, leaving £6321 available for distribution to ordinary shareholders. A statement of accounts will bo presented by Mr Shaw to the final meeting of the company on November 22. The Finance Corporation of New Zealand. Ltd., was formed in 1927 and went into voluntary liquidation on April 4, 1935. One of the assets of the company, the. Strathmore Estate of 10,000 acres at Reporoa, was sold to the Government for soldiers' settlement. In 19 J1 it was reported that preference shareholders had received their capital and dividends, and ordinary shareholders had received a dividend of 33 1-3 per cent of paidup capital. A further 2s a share was paid the following financial year. DAIRY PROPRIETORS An amendment to the rules to open membership of the Auckland Dairy and Confectionery Retailers' Association to dairy proprietors, confectionery retailers, and milk bar proprietors in the Auckland Province was made at the first annual meeting of the association. The association previously accepted membership from persons within a 40-mile radius of Auckland. The name of the association was altered to the Auckland Provincial Dairy and Confectionery Retailers' Association. Mr C. H. Crawford was re-elected president. UNITED INSURANCE COMPANY The United Insurance Co., Ltd. (Sydney), made a net profit of £07,397 for the year ended September 30, compared with £60,275 last year. The underwriting surplus increased to £41,962 from £40,197, and net interest and rents were £25.-130. against £20,778. A final dividend of 5 per cent, payable November 16, brings the year's distribution to 10 per cent, requiring £45,000 (unchanged). Oilier allocations are:—Dividend equalisation reserve, £5000; pension reserve, £5000; and writing down premises, £ 10,000. Carry-for-ward is increased to £15,391 from £12.994. DIVIDENDS DECLARED Morris, Hcdstroni, Ltd. (Fiji), has declared an interim ordinary dividend of 5 per cent, payable December 31. Uooks close December 17. Last year's interim dividend was 4V, per cent, with a final dividend of 5% per cent. Placer Development, Ltd. (Vancouver), announces an unchanged interim dividend of 25 cents (Canadian) a share, less absentee tax of 15 per cent, payable December 11. Books close November 24. FIRM'S PEACE BONUS McLeod Bros., Ltd. (Dunedin), has declared a peace bonus of V/ 2 per cent, CALL AND DIVIDEND LIST

Dividends— due Oamaru Wool—final, a p.c,. . . Tomorrow Bruce Won!—pref., 5 3-5 p.c. p.n.; ord., 6 p.c. p.a., plus bonus 2 p.c. (books October 31) . Xov. 14 Bank Adelaide—final, 2% p.c. (books November 1) .. Nov. 14 Nat. Pictures—final, 2% p.c. (books November 8} .. Nov. 11 Burns-PhilpT-int., .1 p.c. (books October 31) .. .. . . Nov. 15 Bycroft—int., 1 p.c. (books Nov. 5) Nov. 15 Union Oil—final, Gd a share . . Nov. If> United Ins. —final, 5 p.c. . . Nov. lfi Nat. Ins. — final, 5d a share, plus bonus, -id Nov. 19 Mosgiel Wool—final, 6 p.c. . Xov. 10 McKendrick Bros.*—prof., final, 3'/ p.c.; ord., 7% p.c. p.a. . . Nov. 20 Westland Brew. —8 p.c. p.a. . . Nov. 21 Swan Brewery—half-year, pref.,* 3 p.c.; ord., 10 p.c., plus bonus 5 p.c. (hooks November 7) . . Xov. 21 Timaru Wool —5 p.c. p.n. .. Xov. 23 Standard Ins. —Victory bonus, Is a share (books SeptembeV.3) .. Nov, 26 N.Z. Paper Mills—int., 3 p.c. .. Nov. 20 Wilsons Cement —int., 2d a sharo (books November Jo).. .. Nov. 28 Nat. Bank A'asia —final, all shares, 3 p.e. (books November 12) . . Nov. 28 Tiii Brew.—final, 5 p.c,. (books November 15) . . . . Nov. 28 Broken Hill Pt.v. —int., 2'/ a p.c. (books November 7) . . . . Nov. 28 Frins.' Trading—pref., half-yearly, A and B, 5 3-5 p.c. p.n.; C, op.c. p.a. . . Xov. 30 Bank N.S.W.- final, nrtly., I'A p.c. Nov. 30 Herald and Weekly (Mellt.) —final, pref., 3'4 p.c.; B pref.. 3 p.c.; ord.. 0 P.c., plus bonus 2 p.c. (books November 15) . . Nov. 30 1.C.1., Lid.—lnt., 3 p.c, slg. . . Dec. I Col. Sugar—int., Mis a share (books November 7) Dec. 5 F.lectro. Zinc—final, 5 p.c. (tiooks October !)) Dec. 7 Bank N.Z. —int., ord., 3 p.c.; I) mort,, 3*4 (less security taxes) Dec. 8 A.C.l.—int., pref., 4 I A p.c.; ord., 3Va p.c (books November II) Dec. 12 Kauri Tbr.—final, 3 p.c. (books November 20) . . Dec. 13 Placer Dev.—int., 25 cents (Can.) a share, less absentee tax, 15 p.c. (books Novcmher 2-1) . . . . Dec. 14 Henry Jones—final. Is lid a share (books December I) Dec. 17 E„ S. and. A. Bk.—final, 3 1 /, p.c., less U.K. lax (is in C 1 (books November 7) Dec. 17 Komata Reefs—year. 2d stg. a share (books November 27) . . . Dec. 18 Nth. Broken Hill int., Is a share (books November 30 Dec. 18 Broken Hill Silt.—int., Is 3d a share (books November 7) Dec. 1!) Morris Hedstrom—int., ord., 5 p c. (books December 17) . Dec. 31 C al I&Kaiapoi, 1020 issue—ss a share . . Nov. 10 Ditto —final, 5« a share . . . . Jan. If) N.Z. Drug—con., final, 20s a share Feb. 1