COMMERCIAL

Poverty Bay Herald, Volume LX, Issue 18256, 27 November 1933, Page 2

COMMERCIAL

QUEENSLAND INSURANCE COMPANY mviUtKb maintained Queensland Insurance, Limited, ..Sydney, for the year ended September 30, 1933, imports amount at credit of revenue account as £103,357 14s lid, to .which has to he added the balance brought forward from last year o £58,642 16s 10d. making a total sum ot £161,9C0 11s 9d available for distribuThis the directors propose to do as follows: Payment of dividend of 2s per share (as last yern'l. 159,000; place to reserve. £75,000, bringing tho reserve o £400.000; carry forward £ob,yW US an. SYDNEY STOCK EXCHANGE MARKET Ii:; HESITANT MOOD SYDNEY, Nov. 24. The Sydney Stock Exchange market was in a" hesitant mood to-day, with no outstanding features and the turnovei onlv moderate. ■ „ Sales: Colonial Sugar, #>l ss; Howard Smith, 12s 7d; Hums Philp, 53s 6d, Associated News. 20s 6d; d° pref., 20s Ud; Australian Gas, A, £7 6s oil; Tooths, 43s 3.1; Tooheys, 24s 6d; Australian Provincial Assurance, 12s; baimers, 18s 6.1; Lustre Hosiery,.. 17s 6.1; Wilcox Mofflin, 11s sd; Adelaide Steam, 25s 9d; Goldsbrough Mort, 30s 3d; standard Cement, 1.65: 9d: rMt. Morgan, Kuala Ivanipar, 12s 2d; Mt. Lyell,_2Ud : Broken Hill Proprietary, 39s 7£(l: Commonwealth Bonds, 4 per cent, 1938 £lO4 10s: 1944. £lO5 Is 3d; 1950, £ICS 7s 6d; 1957, £lO3 15s; 1961, £lO4 17s Morning sales included: Commonwealth Bonds, 4 per cent., 1961,■ £105; Wilcox Mofflin. 11s 3d; Lustre Hosiery, 1?S 9d ' MELBOURNE, Nov. 24. Sales on the Melbourne Stock Exchange to-dav included: Herald and-Weekly Times, 47s 3d; Goldbrough Mort, 30s 6d • Dunlop Perdriau, 19s 2d; Mt. Lyell, 22s 3d. FROZEN MEAT MARKET SMITHFIELB QUOTATIONS LONDON, Nov. 25. Following are the latest Smithiield quotations: — New Zealand sheep.—Canterbury aud North, Island selected crossbred wethers and maiden ewes, 57 tb Gill). 4d. New Zealand lambs.— 361 b. and under 7d, 37 to 421 b. 6£(1; second quality, average about 321 b., del; other South Island, 361 b and under 6Jd, 37 to 421 b. 6|d. Australian lambs.—Victorian, first quality, 301 b and under 7d, 37 10 421 b 61.1; other States, first quality, 361 b and under 61d, 37 to 421 b o|d; \ ic- \ torian, first quality', 561 b and under 6Jd; other States, second quality, 361 b and under 6d; all States, third quality, avetage about 261 b., sid. Argentine lambs.—First quality-, 86 IT,, and inqler G|d; second quality-, average about 281 b., Bid. . ....... Australian frozen beef.—Ox crops, ]6olb and under, 2LI; ox hinds, over 1601 b., 3Lb Argentine chilled beef. —Ox fores, 160 to 2201 b., 3}d; ox lands, 160 to 2201 b., 4|d. .v‘. New Zealand pigs—First quality, 81 to 1001 b. sfd, 101 to 1201 b. s]d; others unchanged. EXPORT FAT STOCK SCHEDULE UNALTERED The fat stock buying schedule in Gisborne remains unaltered this week. This is contrary to general expectations. Waikato reports during the past few days anticipated a drop of pi _ per lb on iambs this week, ancl on Friday Masterton interests predicted a drop of Id per lb down to a 6d basis. Probably, the shortage of lambs in several districts has had something to do with the schedule being kept up to the point announced a fortnight ago. which is a basis of 6|d per lb for prime lamb. Pig buying rates are still unalter ed, the top price for porkers being 5d and baconers Beef quotations also are unaltered. WAITAKI FREEZING COMPANY The annual report of the Waitaki Farmers’ Freezing Company, Limited, shows that 488,419 head of stock were dealt with, as compared with 386,836 j last year. The profit and loss account; shows a surplus of £4781 10s 7d, after providing £4819 for depreciation and £I7OO for income tax. A sum of £268 12s 8d is brought forward, making £5050 appropriated as follows : 3 per cent, dividend. £2846 17s 2d: 2 per cent, .bonus, £1897 18s 2d; carried forward, £305 Bs. Representatives of North, Central and South Taranaki executives of the Farmers’ Union conferred in Stratford last week with delegates from the Auctioneer::’ Association in regard to matters recently discussed by the ■union in relation to the introduction of the time limit system at all stock sales.- and endeavors to eliminate the possibility of diseased cows getting into good herds by passing, at the sales, .as sound animals. It is exnected that both matters will be ■brought to a head shortly-.