COMMERCIAL

Poverty Bay Herald, Volume LXII, Issue 18890, 16 December 1935, Page 10

COMMERCIAL

THE FREEZING- SEASON LESS LAMB. MUTTON AND* PORK 'l'll.' freezing soil sou so ia r has been a slack 0110, <• oni[>:irt*< 1 with last, according to figures roloased by the 'Moat Hoard showing killings at all freezing works throughout the Dominion up to tin* oiid ot November, during which the South Island contributed pi act icii lly not hing 1 . ('at lb* tor chilled beef increased by I luce to four limes the figure for the corresponding period last year, and the decline of 50 per cent, in frozen beef cattle still left a large increase in the number of cattle slaughtered. Wether million showed a slight increase, but ewes declined by nearly 70 per cent., while lambs declined by over 50,000 carcases. Corker pigs do (dined by nearly 5(1 per cent., and an increase of about 83 1--'! per cent, in baeoners did not compensate for the porker decline. Tho Oetobor-Novombei' hillings for tin* whole Dominion, compared with those of last year, are shown in I In* following table:— t!i::.s I DILI (’ll i Ill'll beef fipttir.) 11,337 3,100 Im.men beef tear. ) .. 1.130 0,501 Wethers ( earciisee I . 53,553 dn.OPl Ewes tea reuses, .. 5,035 .10,000 Isiin b tea,ease: l . . 185,58 1 550,000 Porkeia < oarc.a-.es I ~ -19.311 07,115 I htcioiers (ea i cases i. . I 1,500 • ••*.l ! < lio lie less beef (ft. riM 3.",,003 3,177 Sundries (11. carcases ) 05,535 11,.,33 CHILLED BEEF EXPORTS 7800 TONS LAST MONTH Chilled beef e.\ports from Xrw Tit'iiln ml are increasing rapidly. Las! nain I h, I .SOD tons, all for London, were e>;porteil, niaki ug a total oI ll,ooti tons for the lirst two months ol the season, compared with 5 100 tons tor the fiirresponding period last year. During October 10.81 ions were sent tn Southampton. LONDON’S MEAT SUPPLY INCREASE IN 10 MONTHS Supplies /of beet, mutton and lamb, nnd pork and bacon to London during ihe 10 months ended October 31. wen slightly larger than for the corresponding period last year. ■This is shown in the London Central .Market's otiieial figures received by tin Meat Hoard, the most important items of which are given in the billowing tables : Beef and veal 1955 1934 Ditb Countrv of origin Tons Tons Tons England &. Wales 21,158 16.924 4234 Scot la nil ... 14.262 12,373 1889 Australia, ... 14.864 16,290 1426 New Zealand ... 9132 9306 174 Argentina, ... 126,994 126,119 875 Total, all cTitnes. 206,694 201,780 4914 Mutton and lamb— England & Wales 884 0 9343 503 Scotland ... 15.155 15,136 19 Australia ... 20.309 19.165 1144 New Zealand ... 60,367 58.051 2316 Argentina. ... 12,675 13,69! 1016 Total, all entries .120,255 117,348 29C7 Pork and bacon— England & Wales 20.744 18,524 2220 Ireland 6360 4090 2270 Australia, ... 1443 2404 961 New Zealand ... 6859 5037 1822 Netherlands* ... 548 723 175 Denmark* ... 565 445 80 Total, all c’utries 39,819 36,644 3175 ‘Bacon.

SALES OF WOOL FIGURES FOR FIVE MONTHS ■Salt's of wool in the Dominion iliir nig the first five months of the ctirren' season to November .'if), totalled 45,1?. v hales, an increase of 27,200 hales 01 the quantity disposed of during tin same period last year. This is a relief t ion of the improved' market this season. Sales at Auckland totalled 24,,H(1< htiies, a higher quantity than at ant other centre, due to the inclusion o, '.lie first regular fixture of the season on Xoyemher 2(i. Exports of wool for the live months' period also were considerably higlie than last year, the figures being 1 02clt) 1 hales and 01,142 hales respite lively. Shipments from Auckland mid Opna were <l7:!.*. hales, ,a'-ainsf 02!)o hales. NEW ZEALAND MEAT RETAIL PRICES .IN LONDON The New Zealand Meat Pro dimers' Hoard has heen advised by its London manager that the following retail prices were being tpioted lor New Zealand lamb and mutton re failed in London during Novemhei', 1985, these prices rep resell ti n g a fair 'average of the prices ipioteil hy the bettor class shops in 'London for the best quality of New Zealand lamb ami mill I on : - Lamb.— Lett's, I ltd per lb; shoulders, IfP.il; loins, HH.d; necks, (id; breasts, ■'ld; forequarters, "Id, h iiidqua rf ers, i() (I . .Mutton (wethers). — Lees. Oil; shoulders, 8d ; loins, 7 kl; necks, ,'ld; breasts, 5 PER CENT DIVIDEND KAURI TIMBER .COMPANY MELBOURNE, Dec. 12. The Kauri Timber Company, Limited, held its annual nicotine to-day. The balance-sheet., which was adopted, disclosed profits for Hie year amounting to £39,363, out, of which a 5 per cent. divb. dend is to be paid, absorbing £37,500. leaving a balance to be carried forward of £1863

FLUENZOL PROPRIETARY

DIVIDEND OF 8 PER CENT The directors of the Flnenzol Proprietary, Limited, in their report to be presented at the annual meeting of shareholders at Wellington on December 23, record a further increase in turnover for the past year, and although the net profit is Jess than, for the previous., year, the policy of development and the. expenditure thereon should bear good fruit in the future. The directors recommend that a dividend at the ra,te of 8 per cent, per annum be paid on the paid-up capital of the company, recently subscribed capita] to carry this rate of dividend as from date of subscription. _ During the latter part of the year itwas decided to increase the nominal capital of the company to £IO,OOO, ami' it is indeed pleasing to report that tinwhole of the increase in capital was taken up by existing shareholders.

GORDON AND GOTC,H, LTD. Net profit of Gordon and Gotch (Australasia). Limited, for the half-year ended September was £33,548, after providing £8795 for taxation, compared with £31,660 the previous half-year. With £28,224' brought forward, £61,772 is available. The directors recommend dividends of 4 per cent;, on the preference shares and 5 per cent, on the ordinary shares, absorbing £29,000, and a transfer of £4OOO to reserve tor contingencies, leaving £28,772. to he carried forward.

MOTUROA OIL FIELDS Mot tiro,a Oil Diehls, Limited, have issued the following production report for l lie month ended November 80:--iMotiirnu No. -I well: Produced 4100 Imperial gallons of crude oil. Total product ion to dale 87,218 Imperial gallons. iMol.itroa No. 2 well: Produced 12,8,>0 fmperial gallons of crude oil. Total production to dale (iD7.I D2 Imperial gallons. Molurna No. 1 well: Produced 1090 Imperial gallons of crude oil. Total production to Onto 10,778 Imperial gallons. Luck-bottom for prices in the dairy section at the Pot arum stock sale was touched for an ancient amt bony Jersey. which fetched a shilling. Not, even the auctionei‘Mi»coul(l paint a myul enough picture to interest buyers, and event n ally be pleaded with an assistant to stop the animal from going down on her knees for fear that, site could mil get up again. The call lor a pound bid dropped with a jolt to live shillings, with no takers, but- a works buyer assented when begged to take the imv for the shilling.