COMMERCIAL

Poverty Bay Herald, Volume LXII, Issue 18770, 29 July 1935, Page 2

COMMERCIAL

OPOTIKI CLEARING SALE 35 COWS AVERAGE £7/5/Mt'ssis. Dalgetv and Company report liaviii"' held on 'Friday a clearing sale on behalf of -Mr. A. S. Dickinson. Woodlands. Opotiki. The high quality dairy herd, coupled with a fine day. attracted it very large attendance of farmers from surrounding districts, and everything, including implements and sundries, sold to spirited bidding. 'I he hord of 35 cows sold to the excellent average of £7 ss. which is a record this season for the Hay -of Plenty if not for ihc province. The highest indi\ idiicsl price was filC. paid by Mr. M. 11. Howe for a choice fourth calving ■1 ersev. due carlv. other high prices be in„ : £9. U 9 ss.‘,an.d £9 10s. far choice young early calving Jerseys; other good cows. £7 10s and £o 15s; Jab' cabers. £6 to £7 ss: older cows. £o I" £6: fat cows. £2 ss : empty two-year Jersey heifers. £3: yearling Jersey hellers. '£2 15s : five-year pedigree Jersey liuil. Raeburn Hilver t.'luud. ldl.gns. ; iarm male. aged. £2l : Tain worth cross breed, lie' '.nits, farrowing early. £4 5s to xA I.Ss; later. £3 10s to £4. Implementand sundries sold al lull lale rates.

INCREASE OF CAPITAL WOOLWORTHS (N.Z.) LTD. Woolwortlis (X.Z.). Limited. Sydney, propose to merease llte eapilal of tin eoinpaliv 111 £500.000 by the eieation of 350.000’additional ordinary shares of £1 lacli. ranking for dividend and in ab olle-r respects pari passu with existin' ui ilinary shares. Ii will be proposed at aii extraordinary general meeting to be held in Sydney on August 13 that it is desirable to ‘capitalise the sum of £147.015. part of the sum of £259,26. standing to credit of special reserve non July 11. 1935. being undivided profits of the company, and for the time being not required for payment of lixeo dividends on any preference shares that mav be issued by the company. The directors will ask for authority to apply such sum as a special dividend or bonus for paying up in full the 147,015 unissued ordinary shares in the company, and to distribute such shares credited as fullv paid up and by way of capitalisation "of profits to ordinary shareholders in proportion to the number o! issued ordinary shares held by then respectively on August 15, 'in the pro portion of three for every two of tin ordinary shares. The new issue of 147,015 ordinary shares will participate in any dividend which shall be declared in respect o' ordinary shares after August 13. 1935 TREASURY BILL RATE (British Official Wireless.) Reo. 10 a.m. RUGBY. July 23. The total amount applied for in tenders for .C40.CC0.0C9 worth of Treasury bills was £56.0C0.0C0. The average rate per cent, for bills at three months is lCs 9.77 d. compared with 12S 2.84tl a week ago. LONDON MARKETS The Bank of New Zealand is in receipt. of the following advice from London as at the close of business last- week : —Wethers.: Smaller supplies have caused prices to harden. Ewes : The ■ market is depressed owing to absence ./ demand. Lambs: There is a good d‘ maud and prices are steady. 'ir:n.. generally is brighter, with a. better demand. Quotations: Wethers, light 33d to C|pd. heavy 3',d to SRI t ewes. 2d to 23.1 lambs, ’lives 7'd to 7?d, eights 7.1 to 7‘,d. fours. 7d to seconds 6, 1 ,.! to GDI.”