COMMERCIAL

Poverty Bay Herald, Volume LX, Issue 18192, 13 September 1933, Page 12

COMMERCIAL

STORE SHEEP DEMAND •r ■ • r - • t -- SOME 5-YEAR EWES SOLD Business has been quiet in the Gisborne district recently in forward sales of store sheep to outside districts, but lately a few lots of 5-year breeding ewes hay© changed hands to local purchasers, with the possibility of a few of these lots going outside. Prices of from 13s to 12s 6d nave been paid for these ages. )- Sine© the first few deals of star lots of 2-year, ewes at 18s and 17s for the Waikato,, little business has been done. Vendors have been holding out for the figures quoted, but buyers’ ideas of values are about 2s per head below the prices in connection with the earlier deals. . LONDON SHAREMAEKET (Elec. Tel. Copyright—United Press Assn.) Sn>oh?a.»l 12. Sharemarket transactions include the following:—New Guinea, 6s 2-|cl; Bulolo, 75s llid; Mt. Lyefl, 17s M ; Bank of Australasia, £lO 9s 3d; Bank of New South Wales, £2B 11s 3d; Union Bank of Australia, £9 6s 3d; National Bank of New Zealand, 76s 8d; Bank of New Zealand, 4 per cent., £101; Bank of . New Zealand shares, 475; New Zealand Loan and Mercantile, 4 per cent, debentures, £75 10s; do., ordinary stock, £47. • . >s- - MINING NEWS The ninth dividend of Is a share has been declared on all shares by the directors of Alexander Mines, Limited, Reeft<>n. The dividend, which is free of income tax, will require £3750 and will b« paid on September 29. The forth-coming-dividend is the second _ for 1933 and will increase the amount distributed aincA the company, became a dividend - paying concern in January, 1932, to £26,250. The nominal capital of the company is £75,000, in £1 shares, 29,000 fully paid'and 46,000 paid up to 13s 6d. The total paid capital is approximately £60,000. ~ The Brian Boru dredge weekly return was 38oz. 18dwt. for 78 hours’ workmThe Goldfields Dredging Company, Limited (Shotover), reports a return of 36ioz. for 1,79 hours’ dredging. The Bell, Kilgour Goldinmiiig Company, Limited (Cromwell), reports that good progress is being made with yetimbenng, straightening < and regrading the main drive. Extraction -of the wash will be delayed for a few weeks. The treatment - plant will be ready for use in about two weeks. NORTH OTAGO FARMERS The thirty-second annual report of the North Otago Farmers’ Co-operative .Association shows a loss of £1794 alter provision ..for bad and doubtful debts and depreciation. The report states that the general fall in the price level of primary products had seriously affect, ed business, and the untavorable result of the last year’s operations could be attributed in a large measure to the ?;reatly reduced turnover in wool and ivestock, and the failure on the part of farmers to meet their interest and Other obligations.