COMMERCIAL

Poverty Bay Herald, Volume XXXIV, Issue 11116, 2 November 1907, Page 5

COMMERCIAL

'; , (Special-to. Hexttld.) :■■<,' :' ; ; 4 ,:./-: : _/•-■ ■ NAPIER, this day, -Messrs Dalgety and CSompany, Ltd;, have received the following cable from their London. officeyTall&w m general: Smqe our' last cable pribes have declined 3^;to; 6 'per cent. Prices m general for frozen mutton are lower by rpar to perlb. The ma-rket is dull, but an impfojved demand is expected, provided always that it remains cold weather. ,' Tlie market is firmer for frozen beef, fore,quarters. ; ; \ (Per Press Association^)

■■..-'.'■:■ DUNEDINv this day, .Messrs Dalgety and Co. have xeceivedi cable advices from the head office to* the efieci that the , directors recommend pay-? ment of a dividend of 3s per share, .being afc the rate of 6 per cent, per annum, and also a bonus, of one .per, t cent. ■ Tile sum otfiSEijOOO has been added to the r,eperve fund, which now stands k\ £235,600, while £30,000 has been written off premises and £500 carried to the benevolent fund. " After making allowance for contingencies, £63,023 has been Carried forward. .'.". ' v

The New Zealand Loan aiid Mercantile Agency Compaiiy, Ltd., report on their stock sale held on Thursday, October 31 : , Thje attendance ws rather Smaller than, at recent sales, due no doubt to the fact that many country 1 people have commenced shearing. A confiidefable amount of 7 business^ however, was , put through during the day. Sheep : Our yardings comprised 6008, of which we sold 4862, at ah > average price of 17s. A large portion of our. entries comprised hoggets, for which prices were well maintained, The folding are the day's quotations :— Ewes and lambs from 20s Cto 24s 6d. empty ew<» 13s 8d to 14s 7d 5 fat ewes {light weights) 17s, heavier 19 S 3d to 19s 4d; Wethers, store 4*tooth 20s Id, -fat 225; hoggets, medium lines 15s 6d to 17s, good quality 18s 2d to 19s 7d; Shropshire cross hogget* 16s 2d. Cattle: Of an entry of 226 we disposedof 204. The market was dragging, and, lower prices had to be accepted than those ruling at recent spring sales.. We sold weane'rs at from 30s to 375, cows and calves £2 12a, herdi coWs £3, beef cows £5. A line .of 150 good quality 2-year-old heifer^ made £3 16s, "steers 18 months £3 25,6 d, 2 years £4 9s, light beef steers £7. We will again sell on the 14th inst, and shall be pleased 'to receive entries for this sale.