COMMERCE AND FINANCE

Otago Daily Times, Issue 24836, 9 February 1942, Page 2

COMMERCE AND FINANCE

LEVY ON HIDES ALTERATION IN RATES (P.A.)' WELLINGTON, Feb. 8. The Hides Committee advises that the following alterations have been made in the rate of levy on hides: Ox hides, decreased to Id per lb; cow hides, decreased to Id per lb; calf skins (other than freezers), bull hides, and yearlings, unchanged. These rates are to operate for all hides which were purchased in accordance with the Hides Emergency Regulations, 1940 (No. 2), and which become free for export on and after February 9. MINING NEWS WEST COAST DREDGES (P.A.) GREYMOUTH, Feb. 7. Maori Gold return: 720 z 7dWt from 14,000 cubic yards in, 124 hours. Snowy River: 1350 z; 122 hours; 23,000 cubic yards. UNA HILL MINES During the year ended December 31, comprising five months' crushing time, 778 tons of ore were treated at Hill mines for a return of 6650 z bullion, which realised £4708, together with residues estimated to produce a further £BOO net. SOUTHLAND FROZEN MEAT COMPANY ■ The .annual report of the directors of the Southland Frozen Meat and Produce Export Company, Ltd., states that, after provision has been made for taxation, depreciation, repairs, renewals and contingencies, the net profit in the year's operations is £20,409. The payment of a final dividend of 8d on preference and ordinary shares is recommended. This Will absorb £11,359, and leave £47,781 to be carried forward. ' COMPANY EARNINGS A net profit of £299,301 is reported by the Orient Steam Navigation Company, London, for the year ended June 30, compared with £180,285 in the previous year, and a loss of £12,547 in 1939. Preference dividends of 6 and 6J per cent, absorb £82,260, and an unchanged ordinary dividend of 5 per cent., tax free, requires £52 044. The profit of F. W. Woolworth and Co., Ltd., lor 1941 fell by £1,553,401 to £6,404,759. With £3,557,000 to be deducted for taxation, the net result is £2,847,759, against £3,647,250 in 1940, for which taxation was £4,310,910. Dividend and bonus amount to 55 per cent, a reduction of 10 per cent. The Imperial Tobacco Company (of Great Britain and Ireland), Ltd., has declared a dividend of 15 per cent, for the year ended October 31, plus a bonus of 2J per cent., tax free, against 15 per cent., plUs a bonus of 5 per cent., in the previous year. FRUIT AND PRODUCE WORLD Per Dozen.—Eggs: Heavy, Is lid; standard, Is lOd; medium, Is 7d; pullets', is Sd; duck, Is 7d to Is lOd. Carrots, 2s. Cucumbers, 6s to 9s. Lettuce: Choice, to Is 6d. White turnips, 2s. Each.—Champion egg crates, 24 dozen, 18s 6d. Knapsack spray pumps, £4 12s 6d. Per Case.—New Zealand lemons, 12s to 225. Australian oranges, 23a 3d to 32s 6d. Australian grapefruit, 22s 6d to 355. Australian lemons, 28s to 475. Bananas: Ripes, 255. Apples: Gravensteiris. 8s to 12s 6d; cookers, 7s to 9s. Per Half Case.—Peaches: Choice, 5s to 6s 6d; jam, 3s 8d to 4s 6d. Apricots: Choice. 6s to 7s 6d; jam, 4s to 5s 6d. Plums: Dessert, 6s to 9s 3d; Angelina, 8s 6d; Santa Rosa, 7s to 9s; BUrbartks, 5s to 8s 6d; cooking, 4s to 6s. Cherry plums, 4s 6d to 5s 6d. Nectarines, 6s to 8s od. Nelson tomatoes, 6s to 9s. Jargonelle pears, 4s to 6s 6d. . ■■.'■•' „„ Per Pottle.—Strawberries: Choice. Is 6d to Is 9d; jam, Is to Is 4d. Raspberries, Is 4d to Is sd. v- ■ >'•'-■ ,-.'■*■' ••'.'.■ ■•■ Per Lb.—Hothouse grapes, 2s. Apricots: Choice, 4d to 51d. Peaches: Choice, 4id to 61d. Tomatoes: Locals, IS Id; Christ-, church firsts, lOd to Is; seconds and small. 6d to Bd. Green peas, 3d to 4d. Broad beans. 2Jd. New potatoes, ljd. Kumeras, 2Jd to 3Jd. Butter: Storekeepers, 9d to lid. Bacon: Prime, Is 3d. Clover honey, BJd. Rhubarb, lid. Black currants, 6d to Bd. Red Currants, 7d to Bd. Per Bucket.—Raspberries, 10s 6d to 14s. 6d. Loganberries, 12s 6d to 14s. Per Sack.—Cabbage, IS 6d to ss. Cauliflowers, 4s to 7s. Coconuts, 27s 6d. Per Cwt.—Onions: Pukekohe, 17s. Marrows, 10s to 12s. Fowl wheat, 7s 6d. Oats: Gartons, 4s 6d. Whole maize, 8s per bushel. Crushed oats, 12s 6d. Cross Keys meatmeal,. 15s per bag. Oyster grit, 6s 6d per bag. Bran, £5 10s. Pollard, £6 15s. Chaff, b. 0.5., £6 ss. Oaten straw, £4 10s. Hay, £5 10s ton Poultry: 90 cockerels at 2s to 8s 2d. 330 hens at Is lOd to 4s 6d, 16 ducks at 7s to Bs, and 10 pullets at 7s to 8s per pair. REILLY'S CENTRAL PRODUCE MART,. LTD., Moray place, Dunedin, C.l.